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 Please note, this product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc. Among the highlights is the 110,000 Velocity Points available as a sign up bonus if you spend $8,000 on eligible purchases within 3 months from approval and enrol in Points Autosweep (offer expires 14 Sep 2025). You’ll also earn Citi reward Points on eligible spending, with a higher earn rate on online and international spend. Citi reward Points are capped at 200,000 per 12 month period. Factor in the two complimentary airport lounge passes per year and various insurance inclusions (details below) and the $300 annual fee for this card starts to look like pretty good value. Pros - 10% off selected hotels with Expedia or Wotif
- Complimentary Mobile Phone Insurance when you pay your monthly mobile plan bill with your Citi Premier Credit Card
- Complimentary membership and two airport lounge visits per year when you enrol with Priority Pass
- Get up to 15% off Limited Time LUX Exclusive hotel offers (up to $250 per booking) and 10% off international tours (up to $250 per booking) booked by 1 March 2026
- Access to complimentary International and Domestic Travel Insurance
- Intro offer - 110,000 Bonus Velocity Points
Cons - Expensive for cash advances
- High interest rate on purchases
- High foreign exchange fees
Additional information |
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 major Airline Reward Partner Programs. 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
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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® 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 major Airline Reward Partner Programs, 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 2025). 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
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Points per $1 Everyday spend Intro purchase rate Then 18.95% p.a. Up to 55 interest free days Low rate with no fee is a rarity. You can have this card even if you don't work for the Victorian Police which is a win for customers looking for a low-cost card. You get 8.99% p.a. for six months then 13.90% p.a. afterwards. Up to 44 days interest-free (24 days to pay after each statement cycle ends) is short but you can live with it if you’re disciplined with paying off your balance. Pros - Earn Qantas points for spending
- No annual fee
- 55 days interest free
- Complimentary Travel Insurance
Cons - High interest rate on purchases
- Late payment fee applies
Additional information |
Points per $1 Everyday spend Up to 55 interest free days This is Bendigo Bank’s $0 annual fee card and like all the rest in the market it has a high interest rate of 19.99% p.a. But the deal is sweetened with the foreign exchange fee at 0.00% p.a., up to 55 interest-free days and travel insurance thrown in. It could make a great card to travel with. Extended warranty insurance is another nice perk. Try not to revolve a balance given the rate but otherwise this card is a strong contender. Pros - No annual fee
- Complimentary Travel Insurance
- Zero foreign exchange fees
Cons - No rewards
- High interest rate on purchases
- Expensive for cash advances
Additional information |
Points per $1 Everyday spend As travel companions go, the Bankwest Breeze Platinum Mastercard® has a lot to offer. The highlights are no foreign transaction fees, complimentary overseas travel insurance and interstate flight inconvenience insurance (limitations, exclusions, and eligibility criteria apply.) On top of that, there’s a 0% p.a. offer on balance transfers for 24 months (3% BT fee applies), with a low ongoing purchase rate and up to 55 interest-free days. All that means the $59 annual fee represents decent value, whether you use the card at home or on your travels. Pros - Low rate on purchases
- Low annual fee
- Long interest-free balance transfer
- Zero foreign exchange fees
Cons - Balance transfer fee applies
- No rewards
Additional information |
Points per $1 Everyday spend Intro annual fee Then $87 p.a. Up to 55 interest free days This card could well be worth it just for the insurance. It even covers rental cars, something not all credit card travel insurance does. There’s no annual fee in year one, with a cashback of $300 (if you spend $1,500 in the first three months following approval), so ANZ is effectively paying you to have the card initially. The annual fee is $87 thereafter or $0 if you spend over $20k per year, which the average consumer does, making this card a fairly inexpensive way of getting the insurance on offer. The 20.99% p.a. revolve rate on purchases means paying it off in full every month is important. Overall, this is a strong card relative to its peers in the market. It’s also a good looking card, if that matters to you. Pros - Earn cashback
- No annual fee subject to minimum spend
- Complimentary Travel Insurance
- Car rental insurance
Cons - High interest rate on purchases
- Expensive for cash advances
- No rewards
Additional information |
Points per $1 Everyday spend Offer Bendigo Bank Rewards Up to 55 interest free days Bendigo Bank’s version of a rewards card. Spend $12k and get a $50 gift card, based on what the provider says. But the card will cost you $89 a year. The included travel insurance is better value than the points and redeems the card overall. Up to 55 days interest-free (25 days to pay) is good, but an interest rate of nearly 20% p.a. will wipe out your $50 gift card if you don't pay your bill on time. If that’s a possibility, a lower-rate alternative may be worth considering. Pros - High rewards point earn rate
- Complimentary Travel Insurance
- Purchase protection insurance
- No fee for extra cards for family members or friends
Cons - High interest rate on purchases
- Expensive for cash advances
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 Up to 44 interest free days This is a Qantas card for $99, so it’s cheap. The points earn is 0.75 points per dollar (or 1 point per dollar on international spend). You will also get 2 points per dollar for the first $4,000 spend after approval. For the average consumer this is completely adequate. Oddly enough, it’s not really ideal for travel with a 3% international fee, but you get what you pay for given the low annual fee and complimentary travel insurance. Qantas cards are issued by NAB. Pros - Low annual fee
- 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
- Expensive for cash advances
- Fee applies for additional cards
Additional information |
Points per $1 Everyday spend Up to 55 interest free days Step up from Bank First’s Classic card to the Platinum Card and your interest rate actually drops to 11.49% p.a. on purchases, but you’ll pay $99 a year for the privilege and need a $6k minimum limit too. 55 days (25 days to pay) BUT you won’t pay any foreign exchange fees on overseas purchases so this is a great travel card or for using on overseas websites. Pros - Low rate on purchases
- Complimentary Travel Insurance
- 55 days interest free
Cons - No rewards
- Expensive for cash advances
Additional information |
Points per $1 Everyday spend Up to 55 interest free days HSBC is one of the biggest banks in the world and here it’s offering a smart-looking card with no overseas transaction fees and a low-ish 12.99% p.a. rate on purchases. The balance transfer deal is decent at 0.00% p.a. for 12 months BUT it will cost you 2% of the balance to set it up. $99 a year as a card fee is getting up there and probably a bit expensive for a low-rate, low-frills card. Cash advances will attract a massive 25.99% p.a. and are best avoided. This is also the rate that will apply to balance transfers once the 0% intro rate expires. Pros - Long interest-free balance transfer
- Low rate on purchases
- Zero foreign exchange fees
- Complimentary Travel Insurance
Cons - No rewards
- High revert rate after balance transfer offer
- Expensive for cash advances
- Balance transfer fee applies
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Points per $1 Everyday spend Up to 55 interest free days Annual fee is $125 or $0 if you spend $35k in the year. That’s a bit more than the average Aussie spends so keep that in mind. The interest rate is 17.99% p.a. on purchases (bang on average for a credit card, more or less) and higher for cash advances. Travel insurance is included and there’s 0% interest on balance transfers for 12 months. You'll earn three ‘Heritage Credits’ for every $1,500 you spend each month. 64 credits gets you a $100 Bunnings gift card so you will need to spend $32k to get a drill. Pros - Long interest-free balance transfer
- Complimentary Travel Insurance
- 55 days interest free
Cons - High revert rate after balance transfer offer
- High foreign exchange fees
- High interest rate on purchases
Additional information |
Points per $1 Everyday spend Intro annual fee Then $149 p.a. Up to 44 interest free days Step up to Platinum and double your points earn versus the base-level rewards card from BOQ. You will need a higher limit (from $6k), with a higher annual fee too ($75 in year one then $149). You’ll also get 100,000 points as a sign on bonus, subject to eligibility criteria. They throw a lot at a platinum card and it’s probably worth it given the modest enough annual fee. BOQ don't reveal too much about what your points are worth before you sign up (which is not unusual in fairness) so keep an eye on that. Transfers to Flybuys are an option if that's your jam. Pros - High rewards point earn rate
- Get bonus points when you sign up
- Complimentary Travel Insurance
- Long interest-free balance transfer
Cons - High revert rate after balance transfer offer
- Balance transfer fee applies
- High interest rate on purchases
Additional information |
Points per $1 Everyday spend Up to 44 interest free days A step down from the Black cards in terms of perks and cost. There’s a low-ish $6k minimum limit so it’s also more accessible for lower spenders. You still get bonus points and a $50 credit up front (subject to minimum spend) There’s a decent insurance offering too. The interest rate is on the high side, as you would expect for a rewards card, but otherwise this is a solid option. Pros - High rewards point earn rate
- Get bonus points when you sign up
- Complimentary Travel Insurance
- Earn cashback
Cons - High interest rate on purchases
- Fee applies for additional cards
- Expensive for cash advances
Additional information |
Points per $1 Everyday spend Up to 44 interest free days A step down from the Black cards in terms of perks and cost. There’s a low-ish $6k minimum limit so it’s also more accessible for lower spenders. You still get bonus points and a $50 credit up front (subject to minimum spend) There’s a decent insurance offering too. The interest rate is on the high side, as you would expect for a rewards card, but otherwise this is a solid option. Pros - High rewards point earn rate
- Get bonus points when you sign up
- Complimentary Travel Insurance
- Earn cashback
Cons - High interest rate on purchases
- Fee applies for additional cards
- Expensive for cash advances
Additional information |
Points per $1 Everyday spend Up to 55 interest free days The annual fee on this one is low by Platinum card standards ($149), but so is the points earn rate (0.66 per dollar). International travel insurance is a nice sweetener given the annual fee. The logical competitor is the Qantas Amex Discovery card with a $0 annual fee and a slightly higher interest rate (19.99% p.a. for Bendigo and 23.99% p.a. for Amex) and up to 44 days interest-free for Amex vs up to 55 days for Bendigo. Bendigo caps the points earn at $20K per month but that’s well above what most Aussies will spend on a credit card. Pros - Earn Qantas points for spending
- Complimentary Travel Insurance
- Extended warranty
- Purchase protection insurance
Cons - Rewards points are capped
- High interest rate on purchases
- Expensive for cash advances
Additional information |
Points per $1 Everyday spend Up to 45 interest free days You need to be an ING customer with an account before you start with the application. Get 1% cashback up to $360 a year. Travel insurance included. 16.99% p.a. interest is not cheap nor is the $149 a year card fee. No foreign exchange fees but you need to jump through hoops to get that and the criteria could change over time so don’t bank on that saving being baked in. You can't pay the credit card bill via BPAY – only from an ING account. This card is probably best suited to existing ING customers. Pros - Earn cashback
- 45 days interest free
- Complimentary Travel Insurance
- Option to pay in instalments
Cons - Fee applies for additional cards
- Late payment fee applies
- Expensive for cash advances
Additional information |
Points per $1 Everyday spend Up to 44 interest free days All Bankwest Platinum cards waive the foreign exchange fee of 2.95% which if you travel, can save you a few hundred bucks a year. The $160 annual fee gets you travel insurance too, so if you want a step up from the Classic rewards card, this may be a better option. There’s also a higher points earn rate but it’s not terribly clear what you can get for your points based on what Bankwest says on its website. Getting extended warranty insurance at this price point is good value. Pros - High rewards point earn rate
- Zero foreign exchange fees
- Complimentary Travel Insurance
Cons - High interest rate on purchases
- Rewards points are capped
- Expensive for cash advances
Additional information |
Points per $1 Everyday spend Intro annual fee Then $175 p.a. Up to 55 interest free days This comes in cheaper than the same card with the Qantas points option card because, well, Qantas. You will get 100,000 points up-front if you meet the spent requirement, which is worth around $450 in gift cards.This means in year two, the average punter who spends $30,000 a year on their credit card gets gift cards worth about $150 which you paid $124 in annual fees to get, so a net benefit of $26. If you use the card overseas, the extra fees will make the cost to benefit calculation less appealing. Pros - Earn reward points for eligible spend
- Get bonus points when you sign up
- Complimentary Travel Insurance
Cons - High interest rate on purchases
Additional information |
Points per $1 Everyday spend Intro annual fee Then $175 p.a. Up to 55 interest free days This comes in cheaper than the same card with the Qantas points option card because, well, Qantas. You will get 100,000 points up-front if you meet the spent requirement, which is worth around $450 in gift cards.This means in year two, the average punter who spends $30,000 a year on their credit card gets gift cards worth about $150 which you paid $124 in annual fees to get, so a net benefit of $26. If you use the card overseas, the extra fees will make the cost to benefit calculation less appealing. Pros - Earn reward points for eligible spend
- Get bonus points when you sign up
- Complimentary Travel Insurance
Cons - High interest rate on purchases
Additional information |
Points per $1 Everyday spend Intro annual fee Then $175 p.a. Up to 55 interest free days You can get up to 120,000 Amplify points as a bonus (spread across the first two years with the card, with spend conditions applying too). The card fee is $124 each year, so $248 as a minimum to get the full amount of bonus poinst available. Still not bad as these kidsn of offers go. There's some insurance thrown in and and up to 55 days interest-free (25 to pay). Overall it's pretty good, but not necessarily a world-beater. Pros - Earn reward points for eligible spend
- Get bonus points when you sign up
- Complimentary Travel Insurance
Cons - High interest rate on purchases
Additional information |
Points per $1 Everyday spend Intro annual fee Then $175 p.a. Up to 45 interest free days If you don't like Qantas and prefer Virgin, Singapore Airlines or converting points for toasters, this card offers all of those things. There’s a sign-on deal of 120,000 points split over two years so you will pay two annual fees to get the full benefit. You'll also need to meet the min spend of $3k in 90 days. The points earning potential is decent and this card offers most of the bells, whistles and insurances you might expect. All for a $175 annual fee ($49 in year one, or waived for the first year if you’re a Westpac customer). Pros - Earn reward points for eligible spend
- Get bonus points when you sign up
- Complimentary Travel Insurance
- Fraud protection
- Option to pay in instalments
Cons - High interest rate on purchases
- High foreign exchange fees
- Expensive for cash advances
- Rewards membership fee applies
Additional information |
