You’ll be able to see a bit extra about every bank card beneath, or click on “Go to website” to go to the supplier’s web page and apply.

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Let’s take a better take a look at the most effective rewards bank cards for January 2024.

Our decide for 🏆

Bonus Factors

Qantas Premier On a regular basis

Earn as much as 8,000 Qantas Factors, get 12 months 0% on steadiness switch and a low annual price of $49.

Why we selected the Qantas Premier On a regular basis

🧡 This card earns 2 bonus factors on eligible purchases, as much as 8,000 Qantas Factors, for a really low annual price.

🧡 You’ll be able to earn factors whereas paying off debt with a 0% steadiness switch for one 12 months

🧡 Comes with a surprisingly good array of journey insurances and international automobile rent extra waiver.

Execs and cons

• As much as 8,000 Bonus Qantas Factors
• Earns 1 Qantas Level per $1 internationally + 0.75 Factors domestically
• Worldwide journey insurance coverage + flight inconvenience insurance coverage
• World Automotive Rent Extra Waiver insurance coverage
• Uncapped Qantas Factors

⨻ Factors are uncapped however will drop to 0.4 when you’ve spent greater than $3,000 in an announcement interval.

▼ Phrases and circumstances apply. Click on for particulars.

 

Earn 2 Bonus Qantas Factors on eligible purchases within the first 4 months, as much as 8k in whole. Provide ends 10 April 2024.

Our decide for 🏆

Low Price Rewards

Coles No Annual Charge Mastercard

A fundamental however sensible Flybuys-earner with no annual price, ever.

Why we selected the Coles No Annual Charge Mastercard

🧡 The 20,000 Flybuys factors are price $100 and also you’ll hold incomes factors while you spend in partnering shops (and scan your Flybuys for further factors)

🧡 There is no such thing as a annual price in any respect, making this card a simple option to earn factors that flip into freebies.

🧡 The 6-month 0% p.a. supply on purchases, coupled with the financial savings on annual charges and the bonus factors, might fast-track your financial savings and monetary targets.

Execs and cons

• 30,000 bonus Flybuy factors
• Earn 1 Flybuy per $2 on eligible purchases
• 6-month 0% p.a. buy supply
• Add as much as 4 further cardholders
• 55 days interest-free

⨻ You received’t get any interest-free days when you have a steadiness switch. As soon as your steadiness switch interval is over you’ll pay 19.99% p.a. on the remaining quantity.

▼ Phrases and circumstances apply. Click on for particulars.

 

To get the 30,000 bonus Flybuys factors (price $150 Flybuys {dollars}) you’ll want to spend $3000 on eligible purchases inside 90 days from approval.

Our decide for 🏆

Rewards Extras

Qantas Amex Final

This can be a globetrotters good friend with extras that make journey cheaper and extra enjoyable.

Why we selected the Qantas American Categorical Final

🧡 It comes with $450 Journey Credit score per 12 months plus 4 lounge invites

🧡 Enjoyable extras like complimentary Qantas Wine membership and free transport

🧡 100,000 bonus factors and an enormous 1.25 Qantas Factors per $1 make this one of many high Qantas-points incomes playing cards.

Execs and cons

• 100,000 Bonus Qantas Factors
• $450 Qantas Journey Credit score yearly
• Earn 1.25 Qantas Factors per $1, uncapped
• Earn 0.5 factors on authorities spending
• 2 Qantas Lounge visits + 2 invites to The Centurian Lounge
• Abroad and home journey insurance coverage

⨻ The Qantas Membership lounge invites are solely accessible after spending immediately with Qantas. And, the rate of interest on purchases may be very excessive at 23.99% p.a.

▼ Phrases and circumstances apply. Click on for particulars.

 

Earn 75,000 bonus Qantas Factors while you spend $3,000 inside the first 3 months (new Qantas Amex Final cardholders solely)

Our decide for 🏆

Greatest All-Rounder

Amex Velocity Platinum

A top-class rewards card with large Velocity Factors, journey extras and standing credit up for grabs. A very good card for frequent travellers.

Why we selected the Amex Velocity Platinum

🧡 As much as 100,000 factors is among the greatest Velocity Factors bonuses we’ve seen. It might cowl numerous return flights world wide.

🧡 Comes with platinum journey perks together with free home flights and lounge passes.

🧡 You’ll obtain 100 Velocity Frequent Flyer Standing Credit, which is a uncommon further.

Execs and cons

• 100,000 Bonus Velocity Factors*
• Complimentary worldwide journey insurance coverage
• 2 lounge visits to The Centurion Lounge
• 100 Velocity Frequent Flyer Standing Credit
• 1 free return home Virgin Australia flight per 12 months
• Earn Velocity Factors on on a regular basis spending and authorities funds

⨻ This can be a higher-tier card with an annual price to match, at $375 per 12 months. It additionally has a excessive rate of interest on purchases, so that you’ll need to be paying it off every month to get probably the most worth.

▼ Phrases and circumstances apply. Click on for particulars.

 

To earn the bonus factors you will need to spend $3,000 on eligible purchases within the first 3 months. 100 Velocity Standing Credit are earned while you spend a minimum of $50,000 in your card on eligible purchases within the first 12 months.

Our decide for 🏆

Rewards + Cashback

St.George Vertigo Cashback

Earn money by incomes as much as $400 again and paying a tiny annual price.

Why we selected the St.George Vertigo – Cashback Provide

🧡 This card presents one of many greatest cashback offers by supplying you with 10% again on purchases (as much as $400 whole).

🧡 The rate of interest on purchases may be very low at 13.99% p.a.

🧡 The annual price is a small $55 per 12 months.

Execs and cons

• As much as $400 cashback in your account
• Low annual price of $55
• Low rate of interest of 13.99%
• 55 days interest-free
• One free further cardholder
• $500 minimal credit score restrict

⨻ This card is a no-frills card that doesn’t have ongoing perks or a steadiness switch supply.

▼ Phrases and circumstances apply. Click on for particulars.

 

Get 10% cashback (as much as $400 whole cashback) when you efficiently apply by 30 April 2024 and pay utilizing your new card inside 180 days from card approval at chosen supermarkets together with Coles, Woolworths, IGA, Harris Farm, and Aldi, and chosen petrol shops.

How do you employ a rewards bank card?

Bank cards with reward factors earn them in two methods:

• Bonus factors. Bonus factors are awarded while you meet sure standards. Usually, you’ll have to spend a certain quantity in your new card inside the first 2 or 3 months of being permitted.
• Factors per greenback. You’ll earn factors while you use your card to purchase on a regular basis objects. You may earn wherever between 0.5 and a couple of factors per $1, relying on the rewards program.

If you’re evaluating bank cards, take into consideration what you need to use the factors for. You may need to get free flights or seat upgrades, redeem factors for merchandise and even subscriptions, or get cash off your grocery purchasing.

Then, take a look at the annual price. You’ll have to calculate if the factors you’ll earn will outweigh the price of the annual price. It’s a balancing act. Rewards playing cards are available a variety of annual charges which makes it simpler to seek out one which fits you. Simply know that the upper the annual price, the better the perks and factors potential.

To make the choice a bit simpler, right here’s easy methods to weigh up the price of the cardboard in opposition to the factors worth.

Estimating factors worth

1. Work out how a lot you’re more likely to spend on the cardboard annually. You are able to do that by utilizing a present bank card assertion, or estimating the bills you’ll pay on the cardboard every month.
2. Calculate the worth by wanting on the reward program’s web site to see what you’ll be able to redeem your factors for.
3. Work out the worth of the objects or companies you can redeem your factors for. That will provide you with an thought of a financial worth of the factors.
4. Examine the greenback worth to the cardboard’s annual price.

Searching for different options

You will get different options on a rewards card moreover incomes factors. Most are aimed toward travelling, however you’ll find different extras that embody reductions, cashback and unique occasion invites.

What purchases received’t earn factors?

Typically, most rewards applications received’t offer you factors for money advances, steadiness transfers, BPAY funds and paying card charges. Some playing cards will provide you with factors for presidency funds and others received’t. Test our assessment and the PDS to see when you can earn on authorities funds.