Compare the Best Credit Cards for earning Qantas Points
Compare Qantas point earn rates, sign up bonus point offers, and features of the Best Credit Cards for Qantas points, apply on line with a decision in 60 seconds
Selecting the Best Credit card for earning Qantas Points involves accessing 3 key features of the Qantas Frequent Flyer Credit Cards:
1. The Qantas Point earn rate
The point earn rate is a key determinant of how many Qantas Points you will earn for each dollar you spend using your Qantas Frequent Flyer Credit Card. This earn rate generally has 2 tiers to it, where the standard earn rate is applied to your everyday transactions, whilst a second higher earn rate is applied to transactions made with Qantas and their partners who include Global Hotel Groups, Car Hire Companies, Retailers including Caltex, Apple and Woolworths. Transactions paid for using your Qantas Frequent Flyer Credit Card at these tier 2 partners generally offer Qantas point earn rates close to double those of standard purchases made with non partners.
2. Capping of the Qantas points you can earn with your Qantas Frequent Flyer Credit card
Capping of points is the limiting of the number of Qantas Points you can earn using your Qantas Credit Card across a fixed period, which is generally either a month or a year. Any spend made with your Qantas Credit Card once you have reached the capped points level will not earn Qantas Points, so it is important to consider Qantas Credit Cards which offer Point cap levels which are in synch with your level of monthly spending. Qantas Credit Cards with No Points Cap do exist but are few in number and should certainly be considered if you are seeking to be rewarded for all the purchases you make using your Qantas Credit Card.
3. Sign up Qantas Point Bonuses
The majority of credit card providers who offer Qantas credit cards offer sign up bonuses to entice applicants to select their card, rather than a competitors, these bonuses can range from 5,000 to 70,000 Qantas Points. When accessing these sign up bonus point offers be sure to consider any conditions associated with acquiring the bonus as frequently the bonus points are not released to your Qantas Frequent Flyer Account until you meet some spend levels on your card.
Each month we will feature the best credit cards for Qantas Points that strike the best combination of point earn rates, point cap rates and sign up bonus points. Whichever Qantas credit card you eventually select, we strongly recommend that you access each card both on its Qantas Point earning potential, its competitives in terms of interest rates, annual fees and suitability to your financial circumstances.
A Selection of the Best Qantas Credit Cards
Introductory Offer: 50,000 Qantas Points PLUS Reduced annual fee of $199 (Normaly $395) PLUS 0% p.a. on Balance Transfer for 6 months.
Offer conditions: Apply by 30th April 2017. Earn the 50,000 Qantas Points when you spend $2,000 within 90 days of opening your account. Annual fee reduced from $395 to $199 in the first year. An annual fee of $49 applies to the Citi Qantas Rewards Program
- Up to 55 interest free days on purchases - providing you pay off your balance in full every month including any balance transfer amount.
- 4 additional cardholders included
- Complimentary Insurances - Travel with peace of mind with International Travel Insurance, Interstate Flight Inconvenience Insurance and Transit Accident Insurance.
- Card Security - covered by Fraudshield.
- Visa payWave - provides the convenience of tap and go quick payments on transactions up to $100.
- Concierge - 24/7 service
- Citi Dining Program - Free wine every time you dine at hundreds of participating restaurants when you pay with your Citi Card.
A great standard level credit card with rewards from American Express & Qantas with a low income requirement at $35,000 p.a. $0 annual fee and no points cap.
- $0 p.a. Annual Card fee
- 0% p.a. on balance transfers for the first 6 months - This offer excludes any existing or previous Card Members. A one-off credit plan establishment fee of 1% applies to any balances transferred
- 4 Supplementary cards - Pay no annual card fee for up to 4 Supplementary Cards for family members, all of which earn points to your account.
- No points cap - on the amount of Qantas Points you can earn
- Automatic Points Transfer - Each month any points earned will be automatically transferred to your linked Qantas Frequent Flyer Account
- Low minimum annual income requirement - $35,000 (pre tax)
Selecting the Best Credit Card for Qantas Points
Qantas points are earned by using your Qantas credit card to pay for transactions with every dollar spent on eligible purchases being rewarded with a number of Qantas points. The best credit cards for Qantas points are those which offer the highest Qantas point earn rates relative to your eligible level of spend, though these Qantas point earn rates need to considered in conjunction with any annual credit card fee which the credit card charges.
Comparison of the best credit cards for Qantas Points involves appraising a number of features of the credit cards offering Qantas Points as part of a reward program:
- The point earn rates
- Any tiers of point earn rates, relative to card type (Standard, Gold, Platinum)
- Bonus point opportunities and the Bonus partners who are participating in the program
- Any expiry terms for the points earned
- The existence and level of any Qantas point capping levels of the credit cards.
Three of the current best credit cards for earning Qantas Points are briefly previewed below:
Qantas American Express Discovery Credit Card: With no Annual fee and regular introductory bonus point offers this American Express Card is one of the most popular Qantas Credit Cards. The points earned for each dollar of spend are in the mid range and have no maximum cap. The Qantas point earn rate is 1 Qantas Point per $1 of eligible spend, with this rate doubling where spend is made with Qantas Partners.
Citibank Qantas Rewards Signature Credit Card: Qantas Point earn rate of 1.5 Qantas Points for each $1 spent on eligible purchases, with an additional point added when the spend is made with Qantas Bonus partners. Citibank are amongst the most generous when it comes to Bonus Point Introductory offers with this card frequently offering 70,000 Qantas Bonus points for new applicants.
Westpac Altitude Platinum Credit Card: With this companion credit card the Qantas Points earned per $1 spent on purchases are in the mid range, points are capped at 3,750 Altitude Qantas points per statement cycle. Bonus points do not count towards the points cap, earn rates for each of the linked cards are: AMEX $1 = 1 Qantas point, Visa $1 = 0.5 Qantas point
Earning Qantas points with a Qantas credit card
Qantas credit cards work in the exact same way as any other rewards credit card, in that they earn rewards points for each dollar spent on eligible transactions. The number of Qantas Points earned for each dollar spent is determined by 2 factors:
- The Qantas point earn rate for each $1 spent with your Qantas credit card on everyday eligible purchases
- The Qantas point earn rate offered when you use your Qantas Credit card for transactions with Qantas Partners who offer bonus points or increased point earn rates.
A recent initiative, that was introduced by many of the reward credit card providers, is designed to help card holders take advantage of all reward point earning opportunities is the companion credit card. These companion credit cards see you issued with 2 credit cards on a single account, an American Express Card (for high point earning) and either a Visa or MasterCard to ensure you have worldwide acceptance in your wallet. Both credit cards earn reward points on eligible transactions with the American Express Card tending to earn points at a higher earn rate per dollar spent than the second card.
What are eligible transactions when earning Qantas points with a Qantas credit card?
Qantas Points are earned when cardholders use their Qantas credit cards to pay for eligible transactions, where eligible transactions include your everyday purchases be it at the supermarket, café or DIY store. The simplest way to understand what purchases are eligible to earn Qantas Points is to list the transaction types that are ineligible, as it’s a much shorter list than those that are eligible.
- Cash advances
- Balance transfers
- Interest charges
- Government charges, including ATO payments
- Insurance payments
- Loan payments
- Business transactions
- Gambling transactions
Compare Qantas Frequent Flyer credit cards to earn the most Qantas Points
Any comparison of reward credit cards must balance the costs of the credit card with the point earning potential, the value of any reward points earned and finally, access the credit cards fit with your financial circumstances and ability to manage a credit card effectively to avoid incurring interest charges. Below we consider the credit card features that should be included within any comparison of Qantas reward credit cards:
1. Reward Point earn rate
This is the rate at which Qantas Points will be earned when you use your Qantas Credit Card to make a transaction. The earn rate is based on a points per $1 spent ratio, so for example if you make a transaction of $50 with your Qantas Credit Card on an eligible purchase, and the point earn rate is 1 Qantas point per $1 spent, you would earn 50 Qantas Points.
2. Maximum Points Cap
Some Qantas Credit Cards cap or limit the number of Qantas Points you can earn within a specified time period, which is generally a year or a month. This capping of Qantas Points means that once you have reached the capped level of points for the specified period any further spending with your Qantas Credit Card will not earn Qantas Points. A limited number of Qantas Credit Cards do offer Uncapped Qantas Points though you will need a good crdit score to gain acceptance for these Premium Level cards.
3. Annual credit card fee
The majority of Qantas Credit Cards charge an annual fee ranging from $50 to $500 per year, with the higher fees supporting higher point earn rates and a deeper range of credit card benefits such as travel insurance, extended product warranties and personal 24/7 concierge services. A simple approach to accessing whether the annual fee represents good value is to estimate the number of points you will earn per year from using each card and then calculate the monetary value of these points by accessing what these points could be redeemed for, and what the monetary value of these goods are. If the value of these goods don’t exceed the cost of the annual fee it would suggest the card fee is too high for your level of projected annual spend.
4. Credit Card Interest rates
If you regularly carry a balance on your credit card the Purchase Rate will be an important card feature to consider, as this will determine the interest charges any debt will incur across each statement period.
5. Interest Free Days
Many Qantas Credit Cards do include interest free days that provide a convenient period of no interest prior to having to cover the cost of any credit card transactions.
6. VIP Benefits
VIP benefits tend to be reserved for the premium Qantas Credit Cards, most notably the Black and Platinum Qantas Credit Cards. VIP benefits that are frequently offered with the Premium level Qantas Credit Cards include discounts on Qantas International flights and complimentary access the Qantas Lounges across Australia.
The Best Introductory Bonus Point Credit Card Offers for Qantas Points
75,000 Qantas Points Full Card Details >>
Annual fee $450, no points cap, complimentary Insurances
Reduce your debt with a 0% p.a. Balance Transfer deal - Consolidate your credit card debt onto 0% p.a. balance transfer card with 0% rate for up to 18 months, with low transfer fees and rewrad points available Read more >>
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