What's a Good Credit Card for Cashback / Gift Cards if You're Spending $15,000 Per Month on The Card ?

What's a good credit card if you're spending $15,000 per month on the card?

I don't do flight upgrades, so best to encash the points to their closest cash value by Coles / Woolies gift cards or something similar.

Can the gurus here suggest what's a good card that you use and works well.

I'm currently with CBA Mastercard, probably looking to get some Amex ?

I have reviewed the options and and provided the poll options from the OzBargainWiki

Poll Options

  • 2
    AMEX Qantas Ulitmate
  • 0
    AMEX Velocity Plantinum
  • 0
    ANZ Rewards Platinum
  • 2
    ANZ Rewards Black
  • 0
    Citi Qantas Signature
  • 0
    Citi Emirates
  • 0
    HSBC Platinum Qantas
  • 0
    Macquarie Black Qantas
  • 0
    Qantas Premier
  • 0
    Qantas Premier Platinum
  • 0
    St George Amplify Signature
  • 0
    Westpac Altitude Black
  • 1
    Westpac Alititude Platinum

Comments

  • +7 votes

    😳 $15K per month?

    • +4 votes

      Lots of people use them for business without disclosing it ;)

    •  

      Yes business, minimum 25 - 20 K

  •  

    There are point limits (per monthly expenditure) on most(?) of these cards.

    The next best step would be check the limits for each card (and ideally update the ozbargain wiki, but if you're happy to post the limits here, I'm sure we can update it).

  • +1 vote

    Probs Amex. Spend enough and get invited to the Centurion club.

    •  

      Which amex do you recommend, a bank related one or standalone ?

      •  

        Don't think there has been any bank-issued Amexs for a number of years

  • -1 vote

    Kogan black card… Admittedly you have to spend the rewards points on Kogan, which could be seen as a negative, but there is no annual fee, unlimited points earning capacity and it's 1 point per dollar with no cap or ratio changes. $1 spend = 1 point = 1 cent reward. 1% return if you can find something of value to spend on Kogan.

    • +1 vote

      1% return on amex cashback cards, not sure what the normal ones are, and you don't have to have anything to do with Kogan.

    • +2 votes

      Thanks for the comment, but Kogan is horrible for customer service and support, I try to avoid them as much as possible.

  • +1 vote

    Am currently using St G amplify visa (QFF), was great when they allowed tax office payments (Monthly PAYG and BAS is a lot). Now I'm thinking of switching to NAB qantas business, at 1QFF for $1.50 spend, pretty sure uncapped per month.

    Amex are also hounding me as they're trying to give me a free business amex, but I think their amex rewards doesn't transfer to qantas.

    You do know cashing out rewards points to gift cards is the worst possible use of points? Also using points to "upgrade" flying is a pretty awful use of points too. read up at champagne mile, points hacks etc. If you're going to get gift cards, then it doesn't matter which rewards card you pick as they're all equally bad for gift cards.

    • +1 vote

      You do know cashing out rewards points to gift cards is the worst possible use of points?

      Yes agreed, but Business class is also a huge waste of money imho, when I'm good with economy class travel.

      Other than gift cards there's not much left to spend the points on.

      • +1 vote

        Whaaa how is business class waste?!

        I loved traveling to Europe and arrive slept and alert for my meetings, as I slept flat the whole way

      • +2 votes

        Yes agreed, but Business class is also a huge waste of money imho, when I'm good with economy class travel.

        I won't try to change your mind, but I'll explain my calculations. Was meant to do a trip March 2020 which obviously didn't go ahead. Had 280,000 spare Asiamiles points I was trying to burn off.

        280,000 Asiamiles points is worth about $1400 in gift cards.

        I used 180,000 points (worth $900 in gift cards) to book two people on Qatar's Q-suite Milan-Melbourne. If I'd paid for these flights, about $9000 for two people. If I paid for this with after tax money at 45% marginal rate (as this was a personal flight) I'd have had to earn $16,000 to pay for these flights.

        For the world's best business class experience in Q-suites, there's no way I'd trade it for $900 worth of gift cards. Even if you paid economy for those flights, it's still be around $900. Long term goal is to hoard enough points now to travel RTW in J every year once I retire - which will probably be delayed a few years now due to covid! :( :( :(

    •  

      Now amplify with yakpay for ATO

  •  

    The card I was going to recommend no longer is taking applications, sad. Hope they're not getting rid of it (Latitude Infinity Rewards)

    I found Latitude requires less points than others like ANZ etc to get gift cards but I'm not familiar with their other cards if they represent the same value.

  •  

    ANZ black reward best deal of the year. Quick and fast with rewards point as well.