Do frequent flyer cards have annual fees?

Yes. Many range from $0 for entry-level cards to over $1,400 for high-end platinum cards.

Are there caps on how many points I can earn?

Some cards earn uncapped points, while others reduce the earn rate after you pass a set spend threshold each month or year.

Best frequent flyer credit cards

Compare frequent flyer credit cards to earn points on everyday spend with your favourite program or airline, with sign-up bonus points available on many cards.

Sign-up bonus points for new customers
Earn points on everyday eligible purchases
Travel insurance and airport lounge access on many cards

Written by Nilooka DissanayakeReviewed by Vidhu Bajaj and David BoydWith insights from Steve Hui, Hans Mast and Gary Leff

Featured

Qantas Money Platinum

120,000 bonus Qantas Points
12 months at 0% p.a. on balance transfers

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How many points could you earn?

Enter your monthly spend to see estimated annual points for each card below.

Compare 95 frequent flyer credit cards

Credit card comparison table with rates, fees, rewards and apply links.
Card	Name and rating	Rewards program	Earn rate	Sign-up bonus	Annual fee	Est. points / yr
	FeaturedQantas Money Platinum	Qantas Frequent Flyer	1 pt per $1Capped	120,000 pts	$349	156,000 ptsWorth $1,872
	American Express Platinum Business Card 6 reviews	American Express Membership Rewards	2.25 pts per $1Uncapped	350,000 pts	$1,750	431,000 ptsWorth $4,310	60 second approval
	American Express Platinum Card 16 reviews	American Express Membership Rewards	2.25 pts per $1Uncapped	200,000 pts	$1,450	281,000 ptsWorth $2,810	60 second approval
	NAB Rewards Business Signature Card	NAB Rewards	1.25 pts per $1Uncapped	200,000 pts	$175	245,000 ptsWorth $2,450	60 second approval
Bank of QueenslandPlatinum •••• •••• •••• •••• Credit Card CompareVisa	BOQ Platinum Visa Credit Card	Q Rewards	2 pts per $1Uncapped	100,000 pts	$75	172,000 ptsWorth $860
	Westpac Altitude Rewards Black 18 reviews	Westpac Altitude Rewards	1 pt per $1Capped	200,000 pts	$200	236,000 ptsWorth $2,360	60 second approval
	ANZ Rewards Black Credit Card 1 review	ANZ Rewards Program	2 pts per $1Capped	180,000 pts	$320	252,000 ptsWorth $1,260	60 second approval
	St.George Amplify Rewards Signature 4 reviews	Amplify Rewards	1 pt per $1Capped	200,000 pts	$199	236,000 ptsWorth $2,360	60 second approval
	BankSA Amplify Rewards Signature	Amplify Rewards	1 pt per $1Capped	200,000 pts	$199	236,000 ptsWorth $2,360	60 second approval
	Bank of Melbourne Amplify Rewards Signature	Amplify Rewards	1 pt per $1Capped	200,000 pts	$199	236,000 ptsWorth $2,360	60 second approval
	American Express Explorer Credit Card 5 reviews	American Express Membership Rewards	2 pts per $1Uncapped	75,000 pts	$395	147,000 ptsWorth $1,470	60 second approval
	Westpac Altitude Rewards Platinum 19 reviews	Westpac Altitude Rewards	1 pt per $1Capped	100,000 pts	$99	136,000 ptsWorth $1,360	60 second approval
	St.George Amplify Rewards Platinum	Amplify Rewards	1 pt per $1Capped	100,000 pts	$99	136,000 ptsWorth $1,360	60 second approval
	BankSA Amplify Rewards Platinum	Amplify Rewards	1 pt per $1Capped	100,000 pts	$99	136,000 ptsWorth $1,360	60 second approval
	Bank of Melbourne Amplify Rewards Platinum	Amplify Rewards	1 pt per $1Capped	100,000 pts	$99	136,000 ptsWorth $1,360	60 second approval
	Coles Rewards Mastercard 75 reviews	Flybuys	2 Flybuys points per $1Capped	40,000 pts	$99	112,000 ptsWorth $560
	ANZ Rewards Platinum	ANZ Rewards Program	1.5 pts per $1Capped	125,000 pts	$94	167,000 ptsWorth $835	60 second approval
	MyCard Prestige	MyCard Rewards	1 pt per $1Uncapped	250,000 pts	$700	286,000 ptsWorth $1,430
	MyCard Prestige - Velocity Points Offer	MyCard Rewards	1 pt per $1Uncapped	200,000 pts	$700	236,000 ptsWorth $1,180
	NAB Rewards Platinum Card	NAB Rewards	1 pt per $1Capped	100,000 pts	$195	136,000 ptsWorth $1,360	60 second approval
	American Express Business Gold Plus Card 2 reviews	American Express Membership Rewards	1.5 pts per $1Uncapped	200,000 pts	$395	254,000 ptsWorth $2,540	60 second approval
	NAB Rewards Signature Card	NAB Rewards	1.5 pts per $1Capped	110,000 pts	$420	164,000 ptsWorth $1,640	60 second approval
	Qantas Money Titanium	Qantas Frequent Flyer	1.25 pts per $1Capped	150,000 pts	$1,200	195,000 ptsWorth $2,340
	American Express Velocity Business Card	Velocity Frequent Flyer	1 pt per $1Uncapped	150,000 pts	$249	186,000 ptsWorth $1,860	60 second approval
	American Express Qantas Business Rewards Card	Qantas Business Rewards	1.25 pts per $1Uncapped	150,000 pts	$450	195,000 ptsWorth $2,340	60 second approval
	ANZ Business Black	ANZ Rewards Program	1.5 pts per $1Capped	150,000 pts	$300	204,000 ptsWorth $1,020	60 second approval
	Bankwest Qantas World Mastercard 1 review	Qantas Frequent Flyer	1 pt per $1Capped	100,000 pts	$320	136,000 ptsWorth $1,632	60 second approval
Virgin MoneyPlatinum •••• •••• •••• •••• Credit Card CompareVisa	Virgin Money Anytime Rewards Credit Card	Virgin Money Rewards	1 pt per $1Uncapped	60,000 pts	$149	96,000 ptsWorth $960	Application
	MyCard Premier	MyCard Rewards	1 pt per $1Capped	150,000 pts	$300	186,000 ptsWorth $930
Virgin MoneySignature •••• •••• •••• •••• Credit Card CompareVisa	Virgin Australia Velocity High Flyer Credit Card	Velocity Frequent Flyer	1 pt per $1Capped	100,000 pts	$329	136,000 ptsWorth $1,360	Application
	Westpac BusinessChoice Rewards Platinum Credit Card	Qantas Business Rewards	0.5 pts per $1Capped	100,000 pts	$150	118,000 ptsWorth $1,416	60 second approval
	Bankwest Qantas Platinum Mastercard 4 reviews	Qantas Frequent Flyer	0.6 pts per $1Capped	80,000 pts	$199	99,800 ptsWorth $1,198	60 second approval
	NAB Qantas Rewards Signature Card	Qantas Frequent Flyer	1 pt per $1Capped	130,000 pts	$420	166,000 ptsWorth $1,992	60 second approval
	ANZ Frequent Flyer Black	Qantas Frequent Flyer	1 pt per $1Capped	80,000 pts	$370	116,000 ptsWorth $1,392	60 second approval
	Bank of Melbourne Amplify Qantas Platinum 2 reviews	Qantas Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,351	60 second approval
	American Express Velocity Escape Plus Card 1 review	Velocity Frequent Flyer	1 pt per $1Uncapped	30,000 pts	$95	66,000 ptsWorth $660	60 second approval
	ANZ Qantas Business Rewards	Qantas Business Rewards	0.75 pts per $1Capped	150,000 pts	$300	177,000 ptsWorth $2,124	60 second approval
	American Express Essential Rewards Credit Card	American Express Membership Rewards	1 pt per $1Uncapped	30,000 pts	$108	66,000 ptsWorth $660	60 second approval
	BankSA Amplify Qantas Platinum	Qantas Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,351	60 second approval
	Westpac Altitude Qantas Platinum	Qantas Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,351	60 second approval
	St.George Amplify Qantas Platinum	Qantas Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,351	60 second approval
	MyCard Premier - Velocity Points Offer	MyCard Rewards	1 pt per $1Capped	110,000 pts	$300	146,000 ptsWorth $730
	BankSA Amplify Qantas Signature 1 review	Qantas Frequent Flyer	0.5 pts per $1Capped	150,000 pts	$295	168,000 ptsWorth $2,016	60 second approval
	Westpac Altitude Qantas Black	Qantas Frequent Flyer	0.5 pts per $1Capped	150,000 pts	$295	168,000 ptsWorth $2,016	60 second approval
	HSBC Platinum Credit Card	HSBC Rewards Plus	1.5 pts per $1Capped	—	$199	54,000 ptsWorth $540
	CommBank Smart Awards Credit Card	CommBank Awards Program	1.5 pts per $1Capped	40,000 pts	$228	76,000 ptsWorth $456	60 second approval
	St.George Amplify Qantas Signature	Qantas Frequent Flyer	0.5 pts per $1Capped	150,000 pts	$295	168,000 ptsWorth $2,016	60 second approval
	Bank of Melbourne Amplify Qantas Signature	Qantas Frequent Flyer	0.5 pts per $1Capped	150,000 pts	$295	168,000 ptsWorth $2,016	60 second approval
WestpacPlatinum •••• •••• •••• •••• Credit Card CompareMastercard	Westpac Altitude Velocity Platinum	Velocity Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,126	60 second approval
	HSBC Premier World Mastercard	HSBC Rewards Plus	1.5 pts per $1Capped	—	$199	54,000 ptsWorth $540
	NAB Qantas Rewards Premium Card 18 reviews	Qantas Frequent Flyer	0.66 pts per $1Capped	100,000 pts	$295	123,760 ptsWorth $1,485	60 second approval
WestpacBlack •••• •••• •••• •••• Credit Card CompareMastercard	Westpac Altitude Velocity Black	Velocity Frequent Flyer	0.5 pts per $1Capped	150,000 pts	$295	168,000 ptsWorth $1,680	60 second approval
	NAB Qantas Business Signature Card	Qantas Business Rewards	0.66 pts per $1Capped	150,000 pts	$295	173,760 ptsWorth $2,085	60 second approval
	Qantas American Express Ultimate Card 2 reviews	Qantas Frequent Flyer	1.25 pts per $1Uncapped	50,000 pts	$450	95,000 ptsWorth $1,140	60 second approval
Bank of QueenslandStandard •••• •••• •••• •••• Credit Card CompareVisa	BOQ Blue Visa Credit Card	Q Rewards	1 pt per $1Uncapped	50,000 pts	$89	86,000 ptsWorth $430
	MyCard Rewards - Bonus Points Offer 17 reviews	MyCard Rewards	1 pt per $1Uncapped	100,000 pts	$199	136,000 ptsWorth $680
	St.George Amplify Business Credit Card	Amplify Rewards	1 pt per $1Uncapped	—	$0	36,000 ptsWorth $360	60 second approval
	BankSA Amplify Business Credit Card	Amplify Rewards	1 pt per $1Uncapped	—	$0	36,000 ptsWorth $360	60 second approval
	Bank of Melbourne Amplify Business Credit Card	Amplify Rewards	1 pt per $1Uncapped	—	$0	36,000 ptsWorth $360	60 second approval
	Qantas American Express Discovery Card 7 reviews	Qantas Frequent Flyer	0.75 pts per $1Uncapped	—	$0	27,000 ptsWorth $324	60 second approval
	MyCard Rewards - Velocity Points Offer	MyCard Rewards	1 pt per $1Uncapped	90,000 pts	$199	126,000 ptsWorth $630
	American Express Velocity Platinum Card 8 reviews	Velocity Frequent Flyer	1.25 pts per $1Uncapped	50,000 pts	$440	95,000 ptsWorth $950	60 second approval
	CommBank Ultimate Awards Credit Card	CommBank Awards Program	1 pt per $1Capped	60,000 pts	$420	96,000 ptsWorth $576	60 second approval
	ANZ Frequent Flyer Platinum 34 reviews	Qantas Frequent Flyer	0.75 pts per $1Capped	40,000 pts	$240	67,000 ptsWorth $804	60 second approval
	Qantas American Express Premium Card 3 reviews	Qantas Frequent Flyer	1 pt per $1Uncapped	20,000 pts	$249	56,000 ptsWorth $672	60 second approval
Unity BankPlatinum •••• •••• •••• •••• Credit Card CompareVisa	Unity Bank Platinum Visa Credit Card	Qantas Frequent Flyer	1 pt per $1Capped	30,000 pts	$299	66,000 ptsWorth $792
	G&C Mutual Bank Platinum Visa Credit Card	Qantas Frequent Flyer	1 pt per $1Capped	30,000 pts	$299	66,000 ptsWorth $792
	Bendigo Bank Qantas Business Credit Card	Qantas Business Rewards	0.6 pts per $1Capped	25,000 pts	$89	46,600 ptsWorth $559
	CommBank Business Awards Credit Card 4 reviews	CommBank Awards Program	1 pt per $1Capped	—	$100	36,000 ptsWorth $216	60 second approval
	CommBank Awards Credit Card 127 reviews	CommBank Awards Program	1 pt per $1Capped	—	$96	30,000 ptsWorth $180	60 second approval
	Qantas Money Everyday	Qantas Frequent Flyer	0.75 pts per $1Capped	8,000 pts	$99	35,000 ptsWorth $420
	Westpac Altitude Business Gold Credit Card	Westpac Altitude Rewards	1 pt per $1Capped	—	$0	36,000 ptsWorth $360	60 second approval
	HSBC Platinum Qantas Credit Card 4 reviews	Qantas Frequent Flyer	1.5 pts per $1Capped	—	$399	54,000 ptsWorth $648
	Qudos Bank Visa Platinum Credit Card	Qantas Frequent Flyer	1 pt per $1Capped	—	$189	33,000 ptsWorth $396
	American Express Platinum Edge Credit Card 18 reviews	American Express Membership Rewards	1 pt per $1Uncapped	—	$0	36,000 ptsWorth $360	60 second approval
	BankVic Qantas Visa Credit Card	Qantas Frequent Flyer	0.5 pts per $1Uncapped	—	$0	18,000 ptsWorth $216
	Westpac Altitude Business Platinum Credit Card	Westpac Altitude Rewards	1 pt per $1Uncapped	—	$200	36,000 ptsWorth $360	60 second approval
	MyCard Prestige Qantas	Qantas Frequent Flyer	0.5 pts per $1Uncapped	125,000 pts	$749	143,000 ptsWorth $1,716
	Coles No Annual Fee Mastercard 77 reviews	Flybuys	1 Flybuys point per $2Capped	—	$0	18,000 ptsWorth $90
	BOQ Specialist Platinum Credit Card	Qantas Frequent Flyer	0.4 pts per $1Capped	—	$0	14,400 ptsWorth $173
	Bank Australia Platinum Rewards Visa Credit Card 2 reviews	Qantas Frequent Flyer	0.75 pts per $1Capped	—	$189	27,000 ptsWorth $324
	MyCard Rewards - Purchase and Balance Transfer Offer	MyCard Rewards	1 pt per $1Uncapped	—	$199	36,000 ptsWorth $180
	Coles Low Rate Mastercard 18 reviews	Flybuys	1 Flybuys point per $2Capped	—	$58	18,000 ptsWorth $90
	BOQ Specialist Signature Credit Card	Qantas Frequent Flyer	1 pt per $1Capped	20,000 pts	$400	56,000 ptsWorth $672
Virgin MoneyPlatinum •••• •••• •••• •••• Credit Card CompareVisa	Virgin Australia Velocity Flyer Credit Card	Velocity Frequent Flyer	0.66 pts per $1Capped	—	$149	20,880 ptsWorth $209	Application
RevolutStandard •••• •••• •••• •••• Credit Card CompareVisa	Revolut Ultra Credit Card	RevPoints	1.3 RevPoints per $1Uncapped	—	$1,200	46,800 ptsWorth $468
	Bendigo Bank Qantas Platinum Credit Card	Qantas Frequent Flyer	0.6 pts per $1Capped	—	$149	21,600 ptsWorth $259
	CommBank Business Platinum Awards Credit Card 13 reviews	CommBank Awards Program	1 pt per $1Capped	—	$300	36,000 ptsWorth $216	60 second approval
RevolutStandard •••• •••• •••• •••• Credit Card CompareVisa	Revolut Metal Credit Card	RevPoints	1 RevPoint per $1Uncapped	—	$348	36,000 ptsWorth $360
HSBCStandard •••• •••• •••• •••• Credit Card CompareMastercard	HSBC Premier World Mastercard Qantas	Qantas Frequent Flyer	1 pt per $1Capped	—	$0	36,000 ptsWorth $432
	HSBC Star Alliance Credit Card	Star Alliance	1 pt per $1Capped	—	$499	36,000 ptsWorth $432
	MyCard Premier Qantas	MyCard Rewards	0.5 pts per $1Uncapped	100,000 pts	$350	118,000 ptsWorth $590
RevolutStandard •••• •••• •••• •••• Credit Card CompareVisa	Revolut Credit Card	RevPoints	1 RevPoint per $16Uncapped	—	$0	2,250 ptsWorth $23
RevolutStandard •••• •••• •••• •••• Credit Card CompareVisa	Revolut Premium Credit Card	RevPoints	3 RevPoints per $8Uncapped	—	$144	13,500 ptsWorth $135
RevolutStandard •••• •••• •••• •••• Credit Card CompareVisa	Revolut Plus Credit Card	RevPoints	1.2 RevPoints per $16Uncapped	—	$72	2,700 ptsWorth $27

What people say online

Leans positive

Our ongoing analysis of online discussion about this card type.

Australians evaluate frequent flyer credit cards by weighing sign-up bonuses and points redemption value against annual fees that range widely, considering whether travel perks like lounge access and insurance justify the cost, whilst navigating variable approval experiences across different issuers.

What's happening with frequent flyer credit cards in August

By David BoydUpdated 7 August 2026

Market data
Credit and charge card spending was $40.7 billion in May 2026
Australians spent $40.7 billion on credit and charge cards in May 2026, up 6.6% on a year earlier (seasonally adjusted, Reserve Bank of Australia).
With credit card spending growing faster than inflation, the points you earn on everyday purchases through a frequent flyer card could add up noticeably over the year, though whether that offsets the median $199 annual fee depends on your redemption strategy and how much you spend.

Frequent flyer by the numbers

Cards compared

113,758 pts

Average sign-up bonus

2.25 pts per $1

Top earn rate

$3,500

Highest-value sign-up bonus

American Express Platinum Business Card

$273

Average annual fee

Earning points with the right card

Frequent flyer credit cards let you build points quickly through everyday spending. Pick a card aligned with your preferred program, such as Qantas Frequent Flyer or Velocity, and regular expenses turn into travel rewards.

Many cards use tiered earn rates, paying more points per dollar when you spend directly with the airline or at supermarkets and petrol stations.

Understanding bonus point offers

Sign-up bonuses are a major draw. They usually require you to spend a set amount, such as $3,000 or $5,000, within the first few months.

Check whether you count as a new customer: many banks exclude people who have held one of their cards in the past 12 to 18 months.

Expert insight: the real value of a frequent-flyer card

“The real magic of a frequent-flyer credit card is its ability to turn money you are spending anyway into expensive flights and trips you'd shy away from paying for.”

Steve Hui

Frequent flyer points expert

Expert insight: the breadth of transfer partners

“Their breadth of transfer partners is unmatched, covering all major alliances with multiple choices.”

Hans Mast

Travel and points expert

Travel perks and insurance

Beyond points, these cards often include complimentary domestic and international travel insurance, which saves the cost of a separate policy.

Premium cards may add lounge invitations, travel credits that offset the annual fee, and concierge services. If lounge time matters most, compare airport lounge cards directly.

Expert insight: setting alerts for award space

“I regularly set alerts for business class award space to open on specific flights and dates with Expert Flyer, and invariably space on at least one or two potential flights does open up, even on routings like Sydney to Auckland to New York JFK.”

Gary Leff

Airline industry expert

Frequent flyer credit card FAQs

Depending on the card and current offers, you can earn up to 350,000 bonus frequent flyer points once you meet the spend requirements.

Pros

Sign-up bonuses can be sizeable, often enough to cover a return flight or kick-start a rewards balance once you meet the spend.
Earn points on everyday spend, so the shopping you do anyway builds toward flights, gift cards or cashback instead of earning nothing.
Plenty of cards here charge no annual fee, so they cost nothing to hold as a backup or low-use card.
Many of these cards offer 0% p.a. on balance transfers for up to two years, long enough to clear an existing debt without interest piling up.

Cons

Earn caps apply on a number of cards, throttling points once you pass a monthly or yearly threshold.
Sign-up bonuses require hitting a minimum spend in a set window, so the points only land if you would spend that much anyway.
The premium cards here carry high annual fees, so they only pay off if you use enough of the perks to cover the cost.

How do frequent flyer cards compare?

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Build your own comparison

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Questions and answers

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Related card types

Altitude Rewards credit cards American Express Membership Rewards credit cards Amplify Rewards credit cards Credit cards with airport lounge access Qantas frequent flyer cards Rewards credit cards

Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cardsHow the credit card sentiment tracker worksRewards points calculator
Programs: Qantas Frequent FlyerVelocity Frequent Flyer