Points per $1 Everyday spend The American Express® Platinum Card is iconic. The $1,450 annual card fee is not cheap but is arguably well worth it. There’s massive points-earning potential, both for everyday spend and welcome bonus points if you qualify. You can transfer your points to over 10 airline and hotel partners, including Qantas Frequent Flyer and Virgin Australia Velocity Frequent Flyer. Card Members get a $450 Travel Credit each year to use on eligible bookings with the Platinum Travel Service or American Express Travel Online, plus up to $400 as a Global Dining Credit to spend at over 2,000 participating restaurants in 20 countries (enrolment required, T&Cs apply, benefit ends 31 December 2026). All that’s on top of the various other travel, shopping and entertainment perks, making this card a pretty compelling proposition overall.  Pros - Complimentary Travel Insurance (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Up to $400 Global Dining Credit (T&Cs apply)
- Access to 1400+ Airport Lounges (T&Cs apply)
- $450 Travel Credit each year (T&Cs apply)
 Cons - High annual fee
- High foreign exchange fees
 Additional information - Card Type: American Express
- Notice of change: From 15 Dec 2025, there will be updates to the Membership Rewards T&Cs and changes to points transfer rates for various airline partners. See website for full details.
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Points per $1 Everyday spend This Card is worth considering if you want frequent flyer perks and the option to use your points at multiple airlines – in fact, you can transfer your points to over 10 airline and hotel partners. The annual fee is $395, but you get $400 back as a travel credit to spend on eligible domestic and international flights, hotels or car hire with American Express Travel. Complimentary domestic and international Travel Insurance (when you purchase a return trip on your Card), plus two complimentary entries per year to The Centurion® Lounge at Sydney International Airport or Melbourne International Airport add to the appeal. Be sure to read the benefit T&Cs carefully to make sure you can take advantage. Pros - Get welcome bonus Points (eligibility criteria, T&Cs apply, New Amex Card Members only)
- Complimentary Travel Insurance when you purchase a return trip on your Card (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Earn Membership Rewards® Points for eligible spend (T&Cs apply)
- $400 Annual Travel Credit (T&Cs apply)
Cons - High foreign exchange fees
- High interest rate on purchases
Additional information - Card Type: American Express
- Notice of change: From 15 Dec 2025, there will be updates to the Membership Rewards T&Cs and changes to points transfer rates for various airline partners. See website for full details.
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Points per $1 Everyday spend For Velocity Frequent Flyers, this card offers a compelling set of benefits and perks. The points-earning potential is significant, with a high base earn rate on standard card purchases (lower rate applies on government spend) and an accelerated rate on spending with Virgin Australia. Eligible Cardholders can also earn up to 100 Velocity Status Credits each year – 50 when you spend $25k on eligible purchases each Membership year and 50 more when you spend another $25k in the same Membership year (T&Cs apply). The Card also offers complimentary domestic lounge access every time you fly domestically with Virgin Australia (at selected domestic airports, enrolment required, T&Cs apply), with two single entry VA Guest Lounge Passes each Membership year to treat friends or family when travelling with you on a domestic Virgin Australia flight (selected domestic airports. T&Cs apply.) Just make sure you’re making the most of the perks to offset the $440 annual card fee. Pros - Earn Velocity Points for eligible spend
- Get bonus points when you sign up
- Complimentary Travel Insurance (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Complimentary domestic Virgin Australia Return Flight each anniversary year (Subject to availability, T&Cs apply)
- Complimentary domestic lounge access every time you fly domestically with Virgin Australia (At selected domestic airports. Enrolment required. T&Cs apply)
- Up to 100 Bonus Velocity Status Credits each year (T&Cs apply)
Cons - High interest rate on purchases
- No pre-set card limit could cause overspending
Additional information - Card Type: American Express
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Points per $1 Everyday spend It’s called Ultimate because this is the top-tier Qantas Card from American Express. What do you get for the $450 annual fee? Well, there’s a $450 Annual Qantas Travel Credit for starters. You can use that on eligible domestic or international Qantas flights each year when booked through American Express Travel (T&Cs apply). You also get uncapped Qantas point earning potential, with the earn rate per $1 varying depending on how you spend. The Card offers a host of other travel perks, plus up to four additional cards for family members or friends, at no extra fee. Pros - Complimentary Travel Insurance when you pay for your return trip on your Card (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Get welcome bonus Points (eligibility criteria, T&Cs apply, New Amex Members only)
- $450 Annual Qantas Travel Credit (T&Cs apply)
- Earn Qantas points for eligible spending (T&Cs apply)
Cons - High interest rate on purchases
- High annual fee
- High foreign exchange fees
Additional information - Card Type: American Express
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Points per $1 Everyday spend The American Express Velocity Escape Plus Credit Card combines the ability to earn Velocity Points with one of the lower ongoing card fees among cards in this category – $95 per year. You also get a $50 Virgin Australia Statement Credit when you save the benefit to your card and spend $50 or more on eligible flights with Virgin Australia (one credit per redemption period up to 31 December 2026, exclusions apply). The other major perk is Complimentary Travel Insurance when you use your Card to pay for your return trip. Terms, conditions and exclusions apply (such as maximum age limits, pre-existing medical conditions and cover limits). Pros - Earn Velocity Points for eligible spend
- Get bonus Points when you sign up (eligibility criteria, T&Cs apply, New Amex Members only)
- Complimentary Travel Insurance (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Up to 55 days interest free on purchases
Cons - High interest rate on purchases
- High foreign exchange fees
Additional information - Card Type: American Express
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Points per $1 Everyday spend Up to 44 interest free days Fly Virgin? You’ll want to at least look into this card. 80,000 Velocity bonus points is good and the bonus criteria (spend $4,000 in the first 90 days of account opening and keep the card open for over 12 months) is very achievable with typical everyday use. Features-wise, this card packs all the punch of the NAB Rewards Platinum card boasting complimentary insurances (including international travel insurance), uncapped points potential, a long interest-free balance transfer offer (3% BT fee applies) and more. Pros - Earn Velocity points for spending
- Get bonus points when you sign up
- Long interest-free balance transfer
- Complimentary Travel Insurance
Cons - High interest rate on purchases
- Balance transfer fee applies
- High revert rate after balance transfer offer
Additional information |
Points per $1 Everyday spend The American Express® Platinum Card is iconic. The $1,450 annual card fee is not cheap but is arguably well worth it. There’s massive points-earning potential, both for everyday spend and welcome bonus points if you qualify. You can transfer your points to over 10 airline and hotel partners, including Qantas Frequent Flyer and Virgin Australia Velocity Frequent Flyer. Card Members get a $450 Travel Credit each year to use on eligible bookings with the Platinum Travel Service or American Express Travel Online, plus up to $400 as a Global Dining Credit to spend at over 2,000 participating restaurants in 20 countries (enrolment required, T&Cs apply, benefit ends 31 December 2026). All that’s on top of the various other travel, shopping and entertainment perks, making this card a pretty compelling proposition overall. Pros - Complimentary Travel Insurance (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Up to $400 Global Dining Credit (T&Cs apply)
- Access to 1400+ Airport Lounges (T&Cs apply)
- $450 Travel Credit each year (T&Cs apply)
Cons - High annual fee
- High foreign exchange fees
Additional information - Card Type: American Express
- Notice of change: From 15 Dec 2025, there will be updates to the Membership Rewards T&Cs and changes to points transfer rates for various airline partners. See website for full details.
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Points per $1 Everyday spend This Card is worth considering if you want frequent flyer perks and the option to use your points at multiple airlines – in fact, you can transfer your points to over 10 airline and hotel partners. The annual fee is $395, but you get $400 back as a travel credit to spend on eligible domestic and international flights, hotels or car hire with American Express Travel. Complimentary domestic and international Travel Insurance (when you purchase a return trip on your Card), plus two complimentary entries per year to The Centurion® Lounge at Sydney International Airport or Melbourne International Airport add to the appeal. Be sure to read the benefit T&Cs carefully to make sure you can take advantage. Pros - Get welcome bonus Points (eligibility criteria, T&Cs apply, New Amex Card Members only)
- Complimentary Travel Insurance when you purchase a return trip on your Card (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Earn Membership Rewards® Points for eligible spend (T&Cs apply)
- $400 Annual Travel Credit (T&Cs apply)
Cons - High foreign exchange fees
- High interest rate on purchases
Additional information - Card Type: American Express
- Notice of change: From 15 Dec 2025, there will be updates to the Membership Rewards T&Cs and changes to points transfer rates for various airline partners. See website for full details.
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Points per $1 Everyday spend For Velocity Frequent Flyers, this card offers a compelling set of benefits and perks. The points-earning potential is significant, with a high base earn rate on standard card purchases (lower rate applies on government spend) and an accelerated rate on spending with Virgin Australia. Eligible Cardholders can also earn up to 100 Velocity Status Credits each year – 50 when you spend $25k on eligible purchases each Membership year and 50 more when you spend another $25k in the same Membership year (T&Cs apply). The Card also offers complimentary domestic lounge access every time you fly domestically with Virgin Australia (at selected domestic airports, enrolment required, T&Cs apply), with two single entry VA Guest Lounge Passes each Membership year to treat friends or family when travelling with you on a domestic Virgin Australia flight (selected domestic airports. T&Cs apply.) Just make sure you’re making the most of the perks to offset the $440 annual card fee. Pros - Earn Velocity Points for eligible spend
- Get bonus points when you sign up
- Complimentary Travel Insurance (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Complimentary domestic Virgin Australia Return Flight each anniversary year (Subject to availability, T&Cs apply)
- Complimentary domestic lounge access every time you fly domestically with Virgin Australia (At selected domestic airports. Enrolment required. T&Cs apply)
- Up to 100 Bonus Velocity Status Credits each year (T&Cs apply)
Cons - High interest rate on purchases
- No pre-set card limit could cause overspending
Additional information - Card Type: American Express
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Points per $1 Everyday spend It’s called Ultimate because this is the top-tier Qantas Card from American Express. What do you get for the $450 annual fee? Well, there’s a $450 Annual Qantas Travel Credit for starters. You can use that on eligible domestic or international Qantas flights each year when booked through American Express Travel (T&Cs apply). You also get uncapped Qantas point earning potential, with the earn rate per $1 varying depending on how you spend. The Card offers a host of other travel perks, plus up to four additional cards for family members or friends, at no extra fee. Pros - Complimentary Travel Insurance when you pay for your return trip on your Card (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Get welcome bonus Points (eligibility criteria, T&Cs apply, New Amex Members only)
- $450 Annual Qantas Travel Credit (T&Cs apply)
- Earn Qantas points for eligible spending (T&Cs apply)
Cons - High interest rate on purchases
- High annual fee
- High foreign exchange fees
Additional information - Card Type: American Express
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Points per $1 Everyday spend Up to 44 interest free days The most expensive MasterCard in Australia. $1,200 annual fee but with a whopping 150,000 sign on bonus. 1.25 Qantas points per dollar spent is about as good as an earn rate gets. 20% p.a. extra status credits and 4x lounge passes annually (2x Qantas Club, 2x Qantas First Class). 10% off Qantas-operated flights for 2 adults, 2 children and 2 infants, twice per year. Insurance included. You could justify the annual fee with all that. Bear in mind you will need to earn at least $200K a year to qualify for this card. $15k minimum limit. 20.99% p.a. interest. Pros - Earn uncapped Qantas points
- Get discounts on flights
- Receive bonus status credits
- Complimentary Travel Insurance
- Lounge access
Cons - High annual fee
- High interest rate on purchases
- High revert rate after balance transfer offer
- Fee applies for additional cards
Additional information |
Points per $1 Everyday spend The American Express Velocity Escape Plus Credit Card combines the ability to earn Velocity Points with one of the lower ongoing card fees among cards in this category – $95 per year. You also get a $50 Virgin Australia Statement Credit when you save the benefit to your card and spend $50 or more on eligible flights with Virgin Australia (one credit per redemption period up to 31 December 2026, exclusions apply). The other major perk is Complimentary Travel Insurance when you use your Card to pay for your return trip. Terms, conditions and exclusions apply (such as maximum age limits, pre-existing medical conditions and cover limits). Pros - Earn Velocity Points for eligible spend
- Get bonus Points when you sign up (eligibility criteria, T&Cs apply, New Amex Members only)
- Complimentary Travel Insurance (terms, conditions & exclusions apply, such as maximum age-limits, pre-existing medical conditions and cover limits)
- Up to 55 days interest free on purchases
Cons - High interest rate on purchases
- High foreign exchange fees
Additional information - Card Type: American Express
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Points per $1 Everyday spend Intro purchase rate Then 18.99% p.a. Up to 55 interest free days The Qantas points earn rate on this for the $189 annual fee is not overly generous and there’s no sign-on bonus either. You get 1 point for $1 spent up to $2,500 in a month and then it drops down to 0.5 points per dollar (selected spending with Qantas gets you one extra point per $1). The intro rate of 4.99% p.a. almost quadruples to 18.99% p.a. after five months. There are some positives with this card, but it doesn’t really excel in any one area. Travel insurance thrown in is probably the highlight. Pros - 55 days interest free
- Complimentary Travel Insurance
- Earn Qantas points for spending
Cons - High interest rate on purchases
- High foreign exchange fees
- Expensive for cash advances
Additional information |
Points per $1 Everyday spend Up to 44 interest free days Fly Virgin? You’ll want to at least look into this card. 80,000 Velocity bonus points is good and the bonus criteria (spend $4,000 in the first 90 days of account opening and keep the card open for over 12 months) is very achievable with typical everyday use. Features-wise, this card packs all the punch of the NAB Rewards Platinum card boasting complimentary insurances (including international travel insurance), uncapped points potential, a long interest-free balance transfer offer (3% BT fee applies) and more. Pros - Earn Velocity points for spending
- Get bonus points when you sign up
- Long interest-free balance transfer
- Complimentary Travel Insurance
Cons - High interest rate on purchases
- Balance transfer fee applies
- High revert rate after balance transfer offer
Additional information |
Points per $1 Everyday spend Up to 44 interest free days The $249 annual fee is on the steeper side, but the points earn rate you get is decent – 1 point per $1 on just about everything (excluding spending with the government) and double that for Qantas spend. Two lounge passes (if that’s your thing) and travel insurance could cover your annual fee depending on your usage. It’s certainly not a bad option but is all that worth $249 per year? Only you can decide. Pros - Earn Qantas points for spending
- Get bonus points when you sign up
- Lounge access
- Purchase protection insurance
Cons - High interest rate on purchases
- High annual fee
- High foreign exchange fees
Additional information - Card Type: American Express
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Points per $1 Everyday spend Up to 50 interest free days Don't want to Bank with one of the big 4? You can always try an alternative like G&C Mutual Bank. Its platinum card will earn you Qantas frequent flyer points at the rate of 1:1 for up to $20k per month. You will also get a 10,000 points bonus every year just for hanging around. There's a front end deal on this card where you will get 50,000 points just for signing up and spending $5,000 in 90 days. As usual, interest rate is high at 19.99% p.a. as it’s a higher-end card and there’s an annual fee to contend with at $299. Pros - Earn Qantas points for spending
- Get bonus points when you sign up
- No fee for extra cards for family members or friends
Cons - High annual fee
- High interest rate on purchases
- No insurance offered with card
Additional information |
Points per $1 Everyday spend Up to 50 interest free days There’s plenty of premium perks if you’re into rewards. The purchase rate is 19.99% p.a. with up to 50 days interest‑free on purchases if you pay your full monthly balance on time. The annual fee is $299, and you’ll face a 3% foreign currency conversion fee. You’ll earn 1 Qantas Point for every $1 on eligible purchases (capped at 20k points per month), get an extra annual 10k Qantas points, and a 30k‑point bonus when you spend $5k in your first 90 days (T&Cs apply). It’s a strong option if you travel, spend regularly and value the rewards – less so if you carry a large balance. Pros - Earn reward points for eligible spend
Cons - High minimum credit limit
Additional information |
Points per $1 Everyday spend Up to 44 interest free days While the Platinum version of this card has a 80,000 Qantas points sign-on bonus (subject to eligibility), the 'World' version only offers an extra 20,000 points as a joining bonus (up to 100,000 Qantas points in total). But you pay a higher annual card fee of $320. The points earn rate is higher at 1 point per $1 for the first $5k spent per month (0.5 points thereafter), but even that is nothing special. For a lot of people, Bankwest’s Qantas Platinum card will represent better value. Pros - Earn Qantas points for spending
- Zero foreign exchange fees
- Complimentary Travel Insurance
Cons - High interest rate on purchases
- Expensive for cash advances
- High annual fee
Additional information |
Points per $1 Everyday spend Up to 44 interest free days Up to 100,000 bonus points – the first 80,000 of which can be earned over the first two months with a $3.5k spend each month. The other 20,000 come if you keep the card for 12 months (and pay a second year's annual fee). Travel insurance and car rental insurance in Australia. That could save you hundreds of dollars. Extended warranty and purchase protection insurance are included too. The points earn rate is decent. $129 annual travel credit and a couple of lounge passes. They have really thrown everything at this, all for a $329 annual fee. Pros - Earn Velocity points for spending
- Get bonus points when you sign up
- Complimentary Travel Insurance
- Lounge access
Cons - High interest rate on purchases
- High foreign exchange fees
- Expensive for cash advances
Additional information |
Points per $1 Everyday spend Intro annual fee Then $399 p.a. Up to 55 interest free days For the first year HSBC will give you 50% more points than usual up to 120,000. That’s different to most cards’ sign up bonuses. After year one, it goes back to normal which is $1 for 1 point for a maximum $120K spend. That’s very good for a Visa or MasterCard in this market. Annual fee is high at $299 but year one is $0. Travel insurance is included. 55 days interest-free and 20% p.a. interest is standard. This is a deal that’s a little different and worth considering if you're a big spender. Overseas spend will cost you 3% in FX fees. Pros - Long interest-free balance transfer
- Complimentary Travel Insurance
- High rewards point earn rate
- No annual fee in first year
Cons - High revert rate after balance transfer offer
- Expensive for cash advances
- Balance transfer fee applies
- High annual fee
Additional information |
Points per $1 Everyday spend Intro annual fee Then $399 p.a. Up to 44 interest free days This card is right smack bang in the middle of the pack. Up to 100,000 points sign on split 60,000 plus 40,000 if you haven't earned points on a card in 24 months. Kind of weird but that’s how they do it. $1 is 1 point up to $10k a month and card holders can receive up to 20% off domestic Qantas flights for up to 9 passengers (including themselves). The annual fee is $349 in year one, then $399. Will be borderline as to whether this is worth it. Will come down to card usage. 20.99% p.a. interest is high but it’s a reward card so not unusual. Balance transfer at 0% p.a. for 12 months (with 3% balance transfer fee) is also included. Pros - Long interest-free balance transfer
- Earn Qantas points for spending
- Get bonus points when you sign up
- Complimentary Travel Insurance
Cons - High interest rate on purchases
- High revert rate after balance transfer offer
- Fee applies for additional cards
- High annual fee
Additional information |
Points per $1 Everyday spend Intro annual fee Then $420 p.a. Up to 44 interest free days NAB is offering 130,000 bonus points to sign up (and meet the minimum spend requirement). Those points are split across two years (90k up front plus 40K in year two, or a 100k-30k split for existing NAB customers) and a $420 annual fee (reduced by $100 in year one for existing customers). In short, it’s a decent deal in year one but much less so beyond that. The minimum limit is $15k so this is for big spenders who can take the hit to their borrowing capacity that that kind of limit could bring. Points earn rate is not a show-stopper but it rarely is when you’re earning Qantas points. Pros - Earn Qantas points for spending
- Get bonus points when you sign up
- Long interest-free balance transfer
- Complimentary Travel Insurance
Cons - High interest rate on purchases
- Balance transfer fee applies
- High revert rate after balance transfer offer
- High annual fee
Additional information |
Points per $1 Everyday spend Up to 44 interest free days Fly Virgin? You’ll probably like this card. The ongoing Velocity points earning potential is not bad and you'll pay $0 in foreign transaction fees. The $15k minimum limit is high and will make a dent in your borrowing power elsewhere. The card fee is $35 per month ($420 when you annualise it) but it's waived if you spend $5,000 or more in a statement period. Is it worth it over the Platinum card which has a lower annual fee? If you spend enough to have the monthly fee waived, then our view is yes. Pros - Monthly card fee waived if you meet the minimum spend requirement
- Earn Velocity points for spending
- Long interest-free balance transfer
- Complimentary Travel Insurance
Cons - High interest rate on purchases
- Balance transfer fee applies
- High revert rate after balance transfer offer
Additional information |
Points per $1 Everyday spend Up to 44 interest free days ANZ were the first to market with a Qantas-linked card more than 20 years ago and this is the top-of-the-range version of the original. $425 a year puts it right up there for cost, but the bonus sign-up offer is generous. If you don't pay your bill in full, you’ll cop a 20.99% p.a. interest rate on purchases. The earn rate is okay but is cut in half once you go over $7.5k spent in a month. The broad insurance coverage is a plus, as are the two lounge invites per year. You need a minimum $15k limit so it’s not for small spenders. Pros - Lounge access
- Earn Qantas points for spending
- Get bonus points when you sign up
- Complimentary Travel Insurance
- Purchase protection insurance
Cons - High interest rate on purchases
- High annual fee
- High minimum credit limit
- Fee applies for additional cards
Additional information |
Points per $1 Everyday spend Intro annual fee Then $499 p.a. Up to 55 interest free days This unique card is linked to Star Alliance rather than the airline. You need to choose which airline you want your points to go to when you sign up and there are plenty of them, (excluding Qantas). This card is more about perks than points but you get both. Get fast-tracked to gold status (minimum spend required), meaning priority and extra baggage, priority waitlists and global lounge access. You’ll need to spend at least $60k a year for Gold status. Travel insurance included. Points are limited but still there. Pros - Complimentary Travel Insurance
- Earn reward points for eligible spend
- No annual fee in first year
- Lounge access
- Long interest-free balance transfer
Cons - High annual fee
- High foreign exchange fees
- High minimum credit limit
- Balance transfer fee applies
- High revert rate after balance transfer offer
Additional information |
Points per $1 Everyday spend Up to 55 interest free days $370 a year for this one, but you can get 80,000 points if you sign up and hit the minimum spend. Speaking of which, if you spend $2 you’ll get 1.5 points which is okay-ish. Points max out at $250k in the year but if you're spending that much then you will probably have an Amex Platinum Card anyway. This card requires a minimum $15k limit with a 3% fee on foreign transactions which is on the high side. There’s insurance included and you can hang out in the lounge with two passes included per year. Pros - Earn Qantas points for spending
- Get bonus points when you sign up
- Complimentary Travel Insurance
- Lounge access
Cons - Rewards membership fee applies
- High interest rate on purchases
- High annual fee
Additional information |
