Compare credit cards and earn more points
Find the right rewards card in under two minutes. Compare sign-up bonuses, earn rates, annual fees and perks from Australia's top issuers.
Advertising disclosure: Properfolio earns a commission when you click through to an issuer's site. This does not affect our editorial ratings or the order in which products appear. Our comparisons are independent and designed to help you make informed decisions.
10 cards match your filters
Editor's picks
Hand-selected cards for common spending goals.
Most bonus points right now
Currently the largest Qantas Points sign-up bonus in market. Spend $5,000 in the first 3 months to qualify.
Best for everyday spending
Highest standard earn rate of any Qantas card on this list, plus $450 in annual Qantas Travel Credit.
Best low-fee rewards card
Cheapest way into Velocity Frequent Flyer. Annual Reward Seat voucher more than offsets the fee.
Best premium card
Unlimited Centurion and Priority Pass lounge access globally. Justified for frequent travellers.
Best for carrying a balance
Lowest standard purchase rate on this list, plus $0 annual fee in year one.
How many points could you earn?
See annual points at different spend levels and earn rates.
| Earn rate | Annual points | Est. value | SYD-MEL flights | SYD-LAX economy |
|---|---|---|---|---|
| 0.5 pts/$1 | 18,000 | ~$270 | 2 | 0.3 |
| 1 pts/$1 | 36,000 | ~$540 | 4 | 0.7 |
| 1.25 pts/$1 | 45,000 | ~$675 | 5 | 0.8 |
| 1.5 pts/$1 | 54,000 | ~$810 | 6 | 1.0 |
| 2 pts/$1 | 72,000 | ~$1,080 | 9 | 1.3 |
At $3,000/mo with a 1.25 pts/$1 card, you would earn 45,000 points per year
That is worth roughly $675 in Qantas economy flights. Add the sign-up bonus on top for even more value in year one.
Alternatives to a rewards credit card
Credit cards are not the only option. Here is how they compare with other payment methods.
Rewards credit card
Best for organised spenders who clear the balance monthly. Sign-up bonuses and ongoing earn make this the cheapest way to fly.
Cashback debit card
Good for budgeters and credit-averse spenders. Lower upside than a well-used rewards card.
Personal loan
Cheaper than carrying a credit card balance. Better fit for planned, lump-sum borrowing.
Buy now, pay later
Useful for one-off retail purchases. No points, no rewards, and a hit to credit if missed.
How it works
From comparison to your first swipe.
Compare offers
Use the filters above to narrow down by rewards program, annual fee and benefits. Pay attention to year-1 vs ongoing fees -- many cards discount the first year heavily.
Check eligibility
Confirm minimum income, residency and credit history requirements. Most premium points cards require $35,000-$75,000 PAYG income. Some cards exclude existing or recent cardholders from the sign-up bonus.
Submit your application
Provide ID, two recent payslips and 90 days of bank statements (usually pulled automatically). Approval often takes 5-10 business days for banks, faster for digital lenders.
Activate and hit bonus spend
Once approved, your card arrives in 5-10 business days. Activate immediately and start tracking spend -- most bonuses require $3,000-$5,000 in 3 months. Set up direct debits for recurring bills to hit it without overspending.
What to know about rewards credit cards
Rewards credit cards let you earn points on everyday spending that can be redeemed for flights, upgrades, gift cards or statement credits. The key is choosing a card whose earn rate and benefits outweigh its annual fee for your level of spend.
Sign-up bonuses are the fastest way to build a large points balance. Most require $3,000 to $5,000 in spend within the first three months. After that, your ongoing earn rate determines long-term value.
Always pay your statement balance in full each month. Carrying a balance at 20% or more wipes out the value of any points you earn. If you regularly carry a balance, a low-rate card without rewards is the better choice.
Sign-up bonuses
The fastest way to build your balance. Up to 150,000 points for meeting a spend target in the first 3 months. Always check you meet income and residency criteria before applying.
Travel perks
Premium cards include complimentary travel insurance, airport lounge access and foreign transaction fee waivers. Calculate whether these perks save you more than the annual fee.
Points value
Qantas and Velocity points are worth approximately 1.5 to 1.6 cents each when redeemed for economy flights. Amex Membership Rewards transfer to multiple partners at varying ratios.
Glossary
Our editorial team independently reviews every card on this page. Product data is checked weekly against issuer websites. Rankings are based on sign-up bonus, earn rate, fees and features - not commercial relationships. We may earn a commission when you click through to an issuer.