Frequent Flyer Credit Cards
Most Popular Frequent *
ANZ Frequent Flyer Platinum Card
General Details
Interest Rate
19.74% pa
Balance Transfer Rate
Balance Transfer Period
Cash Advance Rate
20.99% pa
Interest Free Days
55
Annual Fee
$295
Collecting Frequent Flyer Points on Your Credit Card
If your spending habits are under control and you feel that redeeming credit card rewards points for flights would be beneficial to your lifestyle, a Frequent Flyer rewards card may be just right for you. To start earning rewards points on every purchase, you’ll need to first acquire a card that carries this benefit:
- Select a Frequent Flyer credit card which matches both your budget and your spending needs. Annual fees and interest rates on a Frequent Flyer card still must be taken into consideration – the rewards aren’t worth much if you are saddled with an astronomical interest rate and hefty yearly fees. Seek out and apply for a specialised Frequent Flyer card which you are eligible for that also makes sense when compared tro your spending habits and financial situation.
- Don’t forget to become a member, Having a Frequent Flyer card doesn’t automatically enroll you as a member in the Frequent Flyer program . You have to opt in to have your credit card provider start converting your rewards points to Frequent Flyer points so they can be credited to your account with Qantas. Try to find a card which offers free membership to the program – some programs will try to sneak a membership fee in when you apply for the linked credit card.
- Not all points are equal. Compare points per dollar across rewards programs; many Frequent Flyer credit cards vary, paying between 1 and 2.5 points for each $1 spent. Each program may also carry different requirements as to how many points you must accumulate before you can redeem them for flights.
- Your currently monthly credit card spend will also be a factor in whether or not a Frequent Flyer program will actually benefit you. According to the consumer group Choice, Australians who spend $2,00 a month or more are the best candidates for a Frequent Flyer credit card, and anyone who spends less than $1,000 monthly will not really benefit from such programs due to the costs incurred for fees and interest rates you will need to spend at least $1,000 a month on your card. An average Australian uses their credit card for around $1,200 in purchases a month, so if you fall in that average, this is a good benchmark for deciding if a Frequent Flyer credit card is right for you.
