Finding the best rewards credit card Australia offers can be a smart financial move in 2025. Whether you’re a frequent traveler or someone who just enjoys cashbacks and perks, there’s a rewards card for you. These cards let users earn points on their everyday spending, which can be redeemed for flights, gift cards, merchandise, or even statement credits. But with so many options available, choosing the right one can be overwhelming.
In this guide, we will walk you through the most rewarding options available in Australia, explain how they work, and help you decide which one fits your lifestyle best.
What Are Rewards Credit Cards and How Do They Work?
A rewards credit card gives points or miles every time you spend money. The value of those points depends on the program linked to the card. Some offer travel benefits, while others focus on cashback or merchandise. Every card has its own point system, and not all rewards are equal.
These cards often come with higher interest rates and annual fees. That’s why it’s important to pay your balance in full every month to avoid losing money. The real benefit comes when the rewards outweigh the costs, making your spending work for you.
What Makes a Card the Best?
The best rewards credit card Australia offers depends on your spending habits and goals. Some cards are better for travel, while others offer more flexible rewards or lower fees. High-spending individuals might want a premium card with lounge access and higher earn rates. On the other hand, budget-conscious users may prefer no-fee cards with moderate perks.
You should compare:
- Points earn rate (how many points per dollar spent)
- Bonus points on signup
- Annual fees
- Partner programs like Qantas or Velocity
- Extras like travel insurance or lounge access
If you often travel or make large purchases, your card should reward you with benefits that cover those costs.
Top Options Available in 2025
Let’s explore some of the most popular choices people in Australia are considering right now. These cards vary in terms of rewards, eligibility, and features, but each one offers great value depending on how they are used.
| Card Name | Annual Fee | Welcome Bonus | Earn Rate | Key Benefit |
| AMEX Platinum | $395 | 75,000 points | Up to 2 pts/$1 | Travel credit & lounge access |
| ANZ Rewards Black | $250 | 160,000 ANZ points | 1 pt/$1 | Converts to Velocity or other programs |
| Westpac Altitude Black | $295 | 180,000 points | 1.25 pts/$1 | Access to Altitude Rewards |
| St.George Amplify Signature | $99 (1st year) | 120,000 pts | 1 pt/$1 | Travel insurance & low first-year fee |
| CommBank Ultimate Awards | $420 | Varies | 1 pt/$1 | Access to 10 airline programs |
Each of these cards has its own advantages. For example, AMEX Platinum is perfect for frequent flyers who want premium perks. On the other hand, St.George offers excellent value with its low first-year fee and good bonus offer.
Why American Express Platinum Stands Out?
They are a popular choice for those who want luxury benefits and don’t mind paying a higher fee. Their high earn rate makes them ideal for users who spend a lot every month. You also get a $400 annual travel credit, which offsets the $395 fee.
Plus, they offer unlimited airport lounge access, hotel upgrades, and insurance coverage. It becomes worth it for people who travel regularly and want peace of mind and comfort.
However, not every store accepts AMEX, and their surcharge can be higher. This is something to keep in mind when choosing a rewards card.
ANZ Rewards Black Offers Flexibility
For those who want to redeem points across different airline partners, ANZ Rewards Black is a great option. Their points can be converted to Velocity, which is ideal for Virgin Australia flyers.
Their welcome bonus is one of the highest in the market, and their points are flexible enough to be used for gift cards, tech gadgets, or travel. Although their annual fee is around $250, they often include cashback or additional offers. It’s a good balance between premium features and affordable access.
Westpac Altitude Black Gives High Value
Another strong option in the running for best rewards credit card Australia is Westpac Altitude Black. It offers a high earn rate, large welcome bonus, and the ability to convert points to several airline partners.
They also offer complimentary lounge passes, insurance for travel, and even concierge services. This makes it a popular choice for those who want more than just points. Their annual fee is higher than average, but users say the benefits justify the cost if used wisely.
St.George Amplify Signature- Low Fee, High Rewards
St.George’s card is great for those starting with rewards programs. Their first-year annual fee is waived or significantly reduced, and the bonus points are still impressive.
You also get travel insurance and purchase protection included. This card is ideal for people who want to enjoy rewards without spending too much upfront.
Although it doesn’t offer lounge access or premium perks, it’s still one of the best entry-level choices for many Australians.
CommBank Ultimate Awards
CommBank’s card is ideal for users who prefer flexibility. They can redeem points across 10 different frequent flyer programs. This is perfect if you fly with different airlines often.
Their card includes comprehensive travel insurance, purchase protection, and other digital banking perks. They also offer access to their “Awards” shopping portal for gift cards, electronics, and travel bookings.
This card charges a higher annual fee, but if you redeem often and strategically, it becomes a valuable tool for maximizing rewards.
How to Maximize Your Rewards?
To make the most out of your card, it’s important to use it for your everyday spending. This includes groceries, fuel, bills, and subscriptions. If you pay the balance in full, you earn rewards without paying interest.
You should also keep an eye out for bonus points promotions, especially on travel or dining categories. Some cards even offer higher points during certain months or spending levels.
Also, make sure your rewards don’t expire. Some programs have limits on how long you can keep unused points. Always check your statement and redeem regularly.
Are Rewards Cards Right for Everyone?
Not everyone benefits equally from rewards cards. If you don’t spend much monthly or carry a balance, the interest charges and annual fees can outweigh the rewards.
You should also consider your spending habits. If you rarely travel or don’t shop often, you may not see much value in the perks these cards offer. In such cases, a no-fee card or one with cashback might be more beneficial.
However, for most users who pay off balances and spend regularly, they provide excellent long-term benefits.
Frequently Asked Questions
What is the best rewards credit card Australia offers for travel?
The AMEX Platinum or Westpac Altitude Black are ideal for travel due to their lounge access, insurance, and high transfer value.
Are these cards worth the annual fee?
They are worth it if you spend enough to earn valuable rewards and use perks like travel credit or insurance.
Can I use rewards for things other than flights?
Yes, many programs let you redeem for gift cards, merchandise, hotel stays, or even statement credits.
Do points expire?
That depends on the card issuer. Some programs have expiry dates, so always review the terms and conditions.
Is there a credit score requirement?
Yes, most premium cards require a good to excellent credit score and proof of income.
Conclusion
Choosing the best rewards credit card Australia depends on your personal financial goals, spending habits, and travel preferences. Whether you’re after luxury perks, flexible point transfers, or low fees, there’s a suitable card for you. By understanding the rewards system and using your card responsibly, you can turn your regular spending into valuable benefits.
Remember, they are not a one-size-fits-all solution. What works best for one person may not suit another. Take time to compare and choose the one that truly fits your needs. Once you do, you’ll be on your way to getting more from every dollar you spend.
Also, Read Is a Credit Card Installment or Revolving?
