If you’re looking to maximize your rewards and get the most out of your spending, finding the best credit card for points in Australia is essential. Credit cards can offer significant benefits, especially if you use them strategically. In this guide, we’ll explore some of the top options for the best credit card for points, ensuring you can make an informed decision.

Understanding Reward Points

Reward points are a valuable incentive offered by credit card companies to encourage spending. These points can be redeemed for a variety of rewards, including travel, shopping vouchers, and cash back. When choosing the best credit card for points, consider the following factors:

1. Points per Dollar Spent: Different cards offer varying points per dollar spent. Look for cards that provide higher points for categories where you spend the most.

2. SignUp Bonuses: Many credit cards offer generous signup bonuses that can significantly boost your points balance.

3. Redemption Options: Ensure the card offers flexible redemption options that suit your lifestyle and preferences.

Top Credit Cards for Points in Australia

Let’s dive into some of the best credit cards for points available in Australia. These cards are selected based on their rewards programs, signup bonuses, and overall value.

best credit card for points

1. American Express Explorer Credit Card

The American Express Explorer Credit Card is renowned for its exceptional rewards program. Here’s why it stands out as the best credit card for points:

Points per Dollar: Earn 2 Membership Rewards points per dollar spent on eligible purchases, excluding government bodies where you earn 1 point per dollar.

SignUp Bonus: Receive 100,000 bonus points when you spend $3,000 in the first three months.
Redemption Options: Points can be transferred to various frequent flyer programs, making it an excellent choice for travelers.

2. ANZ Rewards Black Credit Card

The ANZ Rewards Black Credit Card offers a comprehensive rewards program tailored for high spenders, making it a contender for the best credit card for points. Key features include:

Points per Dollar: Earn 2 Reward Points per $1 spent on eligible purchases up to $5,000 per statement period and 1 point thereafter.

SignUp Bonus: Enjoy 120,000 bonus Reward Points and $150 back to your card when you spend $4,000 on eligible purchases in the first 3 months.

Redemption Options: Points can be redeemed for travel, merchandise, gift cards, and more.

3. NAB Qantas Rewards Signature Card

For Qantas frequent flyers, the NAB Qantas Rewards Signature Card is an excellent option and a strong candidate for the best credit card for points. Highlights include:

Points per Dollar: Earn 1 Qantas Point per dollar spent on eligible purchases up to $5,000 per statement period, then 0.5 points thereafter.

SignUp Bonus: Receive 120,000 bonus Qantas Points when you spend $3,000 within the first 60 days.
Redemption Options: Points can be used for flights, upgrades, and other travelrelated expenses through the Qantas Frequent Flyer program.

4. Westpac Altitude Black Credit Card

The Westpac Altitude Black Credit Card is ideal for those who value flexibility in their rewards, making it one of the best credit cards for points. Key benefits include:

Points per Dollar: Earn up to 5 Altitude Points per dollar spent on flights, and 1.25 points on other eligible purchases.

SignUp Bonus: Earn up to 150,000 bonus Altitude Points when you meet the spending criteria.
Redemption Options: Points can be redeemed for travel, merchandise, and even transferred to frequent flyer programs.

5. Citi Rewards Card

The Citi Rewards Card offers a robust rewards program with extensive redemption options, securing its place among the best credit cards for points. Notable features are:

Points per Dollar: Earn 1 Citi Rewards Point per dollar spent on eligible purchases, with bonus points on international spending.

SignUp Bonus: Receive 90,000 bonus points when you spend $3,000 in the first 90 days.
Redemption Options: Points can be redeemed for travel, merchandise, gift cards, and more.

Tips for Maximizing Your Reward Points

To get the most out of your best credit card for points, follow these tips:

1. Use Your Card for Everyday Purchases: Use your credit card for routine expenses like groceries, fuel, and dining to accumulate points faster.

2. Pay Your Balance in Full: Avoid interest charges by paying your balance in full each month. This ensures the value of your points isn’t offset by high interest rates.

3. Take Advantage of Bonus Categories: Many cards offer higher points for specific spending categories. Be strategic about where and when you use your card.

4. Monitor Special Promotions: Keep an eye out for limited time offers and promotions that can boost your points balance significantly.

5. Redeem Wisely: Choose redemption options that provide the best value for your points. Travel redemptions often offer the highest value.

Final Words

Choosing the best credit card for points in Australia requires careful consideration of your spending habits and lifestyle preferences. The cards listed above offer excellent rewards programs, signup bonuses, and flexible redemption options, making them some of the best choices available. By using your card strategically and maximizing your rewards, you can enjoy significant benefits and make the most out of your spending.

Remember to always read the terms and conditions of any credit card before applying, and ensure it aligns with your financial goals and needs. Happy points earning!