Best Credit Card Offer for Cashback or Points

Edge12 on 15/04/2024 - 22:58
Last edited 15/04/2024 - 23:34 by 1 other user

I will likely spend $7-$8K in the next two months.

So, trying to find the best credit card deal which offers at least $500 cashback or some significant QFF or points or even NAB or Westpac Rewards points. Got rejected from ANZ mid last year. So, I won't be interested with ANZ cards. Apart from a few Cashback offers (such as NAB $100 cashback each month for three months, Citibank $600 cashback with $300 annual fee) I have found a few options for rewards points after a quick search.

1. Smart Awards credit card - Earn 25,000 CommBank Awards points or 10,000 Qantas Points each month when you spend $1,500 or more per month for the first three months. Monthly fee of $19 unless you spend $2000 in a statement period. Last year the offer was way better with $70k Qantas points with about $3000 spent or something.

2. Westpac Ultimate Rewards Card - 90,000 Rewards Points in year 1 if you spend $3k+ on eligible purchases† within 90 days of new card approval and an extra 30,000 points after your first eligible purchase in year 2. Annual fee of $49 for the first year. Minimum Credit Limit of $6000. Not sure how much 90K rewards point is worth. Can this be converted into QFF or any gift card ?

3. NAB Reward Platinum Card - 80,000 bonus points when you spend $1,000 in the first 60 days. Annual fee of $45. Minimum credit limit of $6000

Thoughts on the above and any other suggestions are welcome.

• 

  Emphasise on 15/04/2024 - 23:05

  +5

  Have a look at https://www.rwrds.com.au/ for conversion rates with cards

  • 

    spiderbite88 on 16/04/2024 - 13:42

    Would you choose 90k Qantas points or 90k Velocity points? I don't plan to travel anywhere, so I will likely sell them. I think the going rate is 1.2c per point.

    • 

      Emphasise on 16/04/2024 - 13:50

      I don't sell my points, but personally I collect Velocity because they're linked with ANA. I get extra points from flying domestically with Virgin and flying the chopper with 7/11.

      • 

        spiderbite88 on 16/04/2024 - 16:07

        How many points would you collect with 7/11 each month?

        • 

          Emphasise on 16/04/2024 - 16:56

          @spiderbite88: About 60 points a week if I'm filling up. 1L = 2 points. I found out it rounds up so I try to fill up at 30.01L for example

• 

  vetopower on 16/04/2024 - 00:40

  +3

  Create a spreadsheet, do the sums & you'll have your answer.

• 

  meowmeowmeow on 16/04/2024 - 11:02

  +1

  Don't forget the minor banks - Suncorp clear options 120K suncorp points (60K velocity or approx $500 in vouchers) for $99 first year, $3K spend in 90 days

• 

  Drakesy on 16/04/2024 - 11:29

  ANZ Black Rewards
  Suncorp Clear Options
  NAB Rewards Platinum

  Simplez

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  urngdawgs on 16/04/2024 - 22:08

  Westpac's Altitude points are pretty worthless compared to others if you're looking for points - 3:1 conversion ratio even for VFF. Don't know if you'll be getting $500 in cashback with the bonus points you earn. If you want the card to earn QFF points, theres a $75 fee on top of the $49 (80k QFF pts), and you no longer earn Altitude points.

  If you don't mind Velocity points, what about Citibank Premier? $300 AF, 100k VFF for spending $8k in 3 months. It's a hefty requirement but seeing as you're going to be spending that much anyway…

  • 

    Edge12 on 16/04/2024 - 22:24

    $300 AF kills the deal for me.
    60K QFF will be enough at this stage just in case I need to to travel interstate.
    Random question: In general, does using QFF gives you a better deal for air tickets compared to VFF while traveling with Australia ?

    • 

      urngdawgs on 16/04/2024 - 22:32

      Depends on where you're travelling within Australia I guess - I think QFF and VFF are pretty similar, QF might have more routes available? Not sure as I don't travel too much domestically.
      If you're looking for the sub $150 card that earns QFF, you're options are pretty limited to St. George, Westpac or NAB Qantas Rewards Platinum

• 

  Edge12 on 16/04/2024 - 22:15

  +1

  St. George's Amplify Qantas Platinum seems to be another decent offer for credit card.
  60k QFF points for spending $3000 in 90 days.
  $49 annual fee for existing customers plus $75 Qantas rewards program fee.
  Could also get $40 cashback under their Complete Freedom Account offer.

  • 

    Edge12 on 16/04/2024 - 22:26

    Also, last few weeks I am seeing bonus cashback offers with Shopback using St. George's card.
    So, perhaps it's a good option to consider ?