Looking for the best rewards Credit card with no annual fee

grabngo on 04/08/2017 - 12:06
Last edited 04/08/2017 - 15:29 by 1 other user

I am looking to cancel my CBA Credit card because they have cut the points scheme down by 67%.
shame on u CBA.
I am on the search for a new credit card with the best possible rewards points.
I was looking at BOQ and ANZ.

Thanks

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  havebeerbelywillsumo on 04/08/2017 - 12:52

  Me too, ANZ Rewards just sharply reduced as well……more competition between banks /S

  May help??

  https://www.finder.com.au/full-list-how-every-australian-ban…

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  CLoSeR on 04/08/2017 - 13:41

  AMEX Discovery is the best (perhaps the only) rewards card with no annual fee, you earn 1 QFF per dollar spend.

  I don't consider Coles card to be a rewards card.

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  Holysmoke on 05/08/2017 - 10:27

  Amex Explorer

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    kerfuffle on 05/08/2017 - 10:37

    That has an annual fee of $395?

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      Holysmoke on 05/08/2017 - 10:45

      https://www.ozbargain.com.au/node/316865

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        kerfuffle on 05/08/2017 - 10:52

        That's not really free (it even says $395 in the title). That's just using the points to offset the annual fee. Fee free is more like the Essentials card.

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  demiurge on 05/08/2017 - 11:37

  AMEX Essential is OK if you don't intend to use points for flights. Each $1 spent gives you 0.74 cents of statement credit.

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  OldBugger on 05/08/2017 - 11:44

  Depending on what you want to use with the points on (ie. flights or vouchers) and spending habit, I would probably go one of the cards that waive the first annual fee and give you points on sign up.

  The problem with Amex cards is that although they can accumulate points fast, still many places do not offer amex transactions.

  The ANZ FF Black with 75k Q points on sign up and one of best point earner around is a good choice … for the first year anyway. https://www.anz.com.au/personal/credit-cards/frequent-flyer/…

  I've gone through quite a few cards lately. Sometimes using a combination of amex and non-amex cards (the Coles Rewards combined with the Amex Edge was awesome). But I always go back to Coles Rewards as my go to card. Up there with the best earners but not disadvantaged by high annual fees or amex restrictions. As a bonus, it has the best merchandise/price protection policy.

  This table may help but probably needs updating https://www.ozbargain.com.au/comment/4383266/redir

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  bluesky on 05/08/2017 - 15:07

  I find Amex Essential a good overall free card - its flexibility (points can transfer to 8 airlines, pay off charges), insurances (purchase/refund protection, extended warranty, and especially smartphone screen insurance). And eligibility for the Amex Cashback/Shop Small offers. For more info, my detailed post is here