Rewards Credit Cards

Programs offered by rewards credit cards can provide a great opportunity for people who can control their spending and use their credit cards responsibly. In contrast to credit cards designed specifically to help users pay down their existing debt or provide emergency funds, a rewards based credit card targets consumers who have regular spending habits at a level high enough to benefit from earning rewards points. In fact, if you use credit cards as a payment option and pay off the balance each month before any interest is accrued, you can actually turn a profit with a good rewards program. More…

Reward program credit cards benefit your bottom line by allowing you to accrue reward points in several different ways. You can use your card for general purchases anywhere, get bonus points for shopping at certain stores, and earn even more points whenever you pay off the balance on your credit card. The bonus points which can be gained by shopping certain venues are welcome, but keep in mind that these stores often sell high ticket items or specialty brands, so unless you frequent them anyway, this may not be the best way to earn points.

After you have earned a large amount of reward points you can redeem them. Products and services you can redeem with rewards points will vary by program, as will the minimum number of points required for redemption. Often gold and platinum credit cards will provide many benefits without a rewards system, or will provide a much higher rate of points per dollars spent compared to standard reward program credit cards.
Common types of reward programs include:

Petrol Rewards Program

If you have an extensive commute to and from work, or travel by car constantly, this rewards program can benefit you by giving you points every time you use your card to purchase petrol. These points can typically be redeemed for free gas.

Airline Miles or Frequent Flyer Miles Rewards Program

With an airline miles rewards program, you will earn a predetermined number of points for each dollar you spend. Membership in a Frequent Flyer program allows you to redeem these points for airline miles. Many Australians redeem such points for vacations or holidays, freeing up pocket money for other essentials.

Cash Rebates or Cashback Rewards Program

The ‘cashback’ type of credit card rewards program is becoming more and more popular. This type of deal allows you to redeem your points with more flexibility, giving you rebates for your points or applying an equivalent balance to your card to increase your spending limit.

Instead of being forced to select a reward that doesn’t fit your needs or lifestyle, you can use your cashback for something you really want. These types of reward programs can allow you to actually earn with your credit card, as long as you faithfully pay off outstanding balances before interest accrues.

Free Car Rentals Rewards Program

Free car rentals can be a very attractive reward, especially if you travel a lot for work or pleasure. This can also save you from having to use your own vehicle on business trips.

Hotel and Dining Rewards Program

These rewards can get you great discounts at nice hotels and restaurants, saving you from second rate food and lodging when on the road. All you have to do is accumulate enough points to redeem them for a stay in a participating hotel, or a meal at a restaurant partnering with the program.

Points Rewards Program

The simplest and still quite common form of rewards program simply awards you a preset number of points for every dollar you spend, and the points are redeemable once you hit a predetermined number. These points are typically redeemable for items or services you can select from a rewards catalogue.

Carefully considering all of your own needs and financial habits and factoring in the benefits of each type of rewards program will help you select a credit card that works just right for you.

Credit Card Interest Rate (pa) Balance Transfer Cash Advance Rate (pa) Interest Free
(Up to)
Annual Fee

St.George Amplify Rewards Card

  • visa
With the St.George Amplify Rewards Card you get a 18.74% pa Interest Rate.
With the St.George Amplify Rewards Card you get a Balance Transfer Rate of 0.99% pa for 6 months.
With the St.George Amplify Rewards Card you get a 20.74% pa Cash Advance Rate.
With the St.George Amplify Rewards Card you get up to 55 Interest Free days.
The St.George Amplify Rewards Card has a $79 Annual Fee.

Bankwest More Platinum MasterCard

  • mastercard
With the Bankwest More Platinum MasterCard you get a 18.99% pa Interest Rate.
With the Bankwest More Platinum MasterCard you get a Balance Transfer Rate of 4.99% pa for 12 months.
With the Bankwest More Platinum MasterCard you get a 21.99% pa Cash Advance Rate.
With the Bankwest More Platinum MasterCard you get up to 55 Interest Free days.
The Bankwest More Platinum MasterCard has a $190 Annual Fee.

Bankwest More Gold MasterCard

  • mastercard
With the Bankwest More Gold MasterCard you get a 19.24% pa Interest Rate.
With the Bankwest More Gold MasterCard you get a Balance Transfer Rate of 4.99% pa for 12 months.
With the Bankwest More Gold MasterCard you get a 21.99% pa Cash Advance Rate.
With the Bankwest More Gold MasterCard you get up to 55 Interest Free days.
The Bankwest More Gold MasterCard has a $120 Annual Fee.

Bankwest More MasterCard

  • mastercard
With the Bankwest More MasterCard you get a 19.24% pa Interest Rate.
With the Bankwest More MasterCard you get a Balance Transfer Rate of 4.99% pa for 12 months.
With the Bankwest More MasterCard you get a 21.99% pa Cash Advance Rate.
With the Bankwest More MasterCard you get up to 55 Interest Free days.
The Bankwest More MasterCard has a $89 Annual Fee.

ANZ Rewards Credit Card

  • amex
  • visa
With the ANZ Rewards Credit Card you get a 19.74% pa Interest Rate.
With the ANZ Rewards Credit Card you get a 20.99% pa Cash Advance Rate.
With the ANZ Rewards Credit Card you get up to 44 Interest Free days.
The ANZ Rewards Credit Card has a $89 Annual Fee.

ANZ Rewards Platinum Card

  • amex
  • visa
With the ANZ Rewards Platinum Card you get a 19.74% pa Interest Rate.
With the ANZ Rewards Platinum Card you get a 20.99% pa Cash Advance Rate.
With the ANZ Rewards Platinum Card you get up to 55 Interest Free days.
The ANZ Rewards Platinum Card has a $149 Annual Fee.
  • mastercard
With the Woolworths Everyday Rewards Qantas Credit Card you get a 19.99% pa Interest Rate.
With the Woolworths Everyday Rewards Qantas Credit Card you get a 20.99% pa Cash Advance Rate.
With the Woolworths Everyday Rewards Qantas Credit Card you get up to 55 Interest Free days.
The Woolworths Everyday Rewards Qantas Credit Card has an Introductory Annual Fee of $0 for the 1st year then $89 thereafter.

CitiBusiness Gold Card

  • visa
With the CitiBusiness Gold Card you get an Introductory Interest Rate of 0% pa for 4 months then 20.74% pa thereafter.
With the CitiBusiness Gold Card you get a Balance Transfer Rate of 0% pa for 4 months then any outstanding transferred balance will revert to Cash Advance Rate.
With the CitiBusiness Gold Card you get a 21.49% pa Cash Advance Rate.
With the CitiBusiness Gold Card you get up to 55 Interest Free days.
The CitiBusiness Gold Card has a $149 Annual Fee.

BoQ Platinum Card

  • visa
With the BoQ Platinum Card you get a 20.74% pa Interest Rate.
With the BoQ Platinum Card you get a Balance Transfer Rate of 1.90% pa for 6 months then any outstanding transferred balance will revert to Cash Advance Rate.
With the BoQ Platinum Card you get a 21.74% pa Cash Advance Rate.
With the BoQ Platinum Card you get up to 55 Interest Free days.
The BoQ Platinum Card has a $199 Annual Fee.

Citibank Select Credit Card

  • visa
With the Citibank Select Credit Card you get a 20.74% pa Interest Rate.
With the Citibank Select Credit Card you get a Balance Transfer Rate of 6.90% pa for 9 months then any outstanding transferred balance will revert to Cash Advance Rate.
With the Citibank Select Credit Card you get a 21.24% pa Cash Advance Rate.
With the Citibank Select Credit Card you get up to 55 Interest Free days.
The Citibank Select Credit Card has a $700 Annual Fee.

Citibank Rewards Credit Card Classic

  • visa
With the Citibank Rewards Credit Card Classic you get a 20.99% pa Interest Rate.
With the Citibank Rewards Credit Card Classic you get a 21.74% pa Cash Advance Rate.
With the Citibank Rewards Credit Card Classic you get up to 55 Interest Free days.
The Citibank Rewards Credit Card Classic has a $89 Annual Fee.

Citibank Rewards Credit Card Platinum

  • visa
With the Citibank Rewards Credit Card Platinum you get a 20.99% pa Interest Rate.
With the Citibank Rewards Credit Card Platinum you get a Balance Transfer Rate of 0.90% pa for 9 months then any outstanding transferred balance will revert to Cash Advance Rate.
With the Citibank Rewards Credit Card Platinum you get a 21.74% pa Cash Advance Rate.
With the Citibank Rewards Credit Card Platinum you get up to 55 Interest Free days.
The Citibank Rewards Credit Card Platinum has a $199 Annual Fee.

Citibank Rewards Credit Card Signature

  • visa
With the Citibank Rewards Credit Card Signature you get a 20.99% pa Interest Rate.
With the Citibank Rewards Credit Card Signature you get a Balance Transfer Rate of 0.90% pa for 9 months then any outstanding transferred balance will revert to Cash Advance Rate.
With the Citibank Rewards Credit Card Signature you get a 21.74% pa Cash Advance Rate.
With the Citibank Rewards Credit Card Signature you get up to 55 Interest Free days.
The Citibank Rewards Credit Card Signature has a $395 Annual Fee.
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