Best Credit Cards for Earning Qantas Points

More than a million Australians have a credit card that earns Qantas Frequent Flyer points. In fact, according to Qantas, 1 in 3 credit card transactions in Australia are made using a credit card that earns Qantas points! But not all Qantas point-earning credit cards are created equal…

Pros & cons of a Qantas points-earning credit card

When choosing a point-earning credit card, you can opt for a co-branded credit card that earns points directly with one airline (such as Qantas, Virgin Australia or Emirates). Or, you can choose to earn credit card reward points – a flexible points currency that you can transfer to an airline of your choice later on.

In Australia, almost all of the credit cards that offer the ability to earn Qantas points are co-branded cards. The only exceptions are the Amex Platinum and invitation-only Amex Centurion charge cards, which allow you to convert your Amex Membership Rewards Premium Ascent points to Qantas Frequent Flyer.

This does mean that earning Qantas points from your credit card spend requires a commitment to the Qantas Frequent Flyer program. Qantas points are valuable, but there are some downsides to this:

  1. Sticking to one program exclusively can limit your options when it comes to redeeming the points.
  2. With so many other Australians earning Qantas points, it may be difficult to find award availability when redeeming your Qantas points for reward flights.
  3. Qantas Frequent Flyer has high carrier charges, which need to be paid in addition to the points and taxes, on Classic Flight Reward tickets.

Which are the best credit cards for earning Qantas points?

We’ve put together a list of the top Qantas point-earning credit cards in Australia as of February 2021. These Qantas point credit cards are ranked in order of best earning rates, followed by the least restrictive earning caps and, finally, lowest annual fees. The earn rates quoted are based on everyday expenditure.

Unfortunately, many credit cards on the Australian market cap the number of points that can be earned each month at the full rate. Once this threshold is reached, some cards will award points for any remaining spend during that month at a reduced rate. There are even some cards with a fixed maximum number of points that may be earned each month. If you’re a high spender, it’s worth looking for a card that doesn’t have any earning cap!

Three of the credit cards featured below – Bankwest Qantas World, Macquarie Black & Macquarie Platinum – also have no international transaction fees on credit card purchases.

List of the best credit cards for earning Qantas points in 2021

Card Annual Fee Qantas points earned per $1 Cap on full earn rate
Frequent Flyer Diners Club (in World MasterCard combo) $310 1.25
Qantas Amex Ultimate $450 1.25
Qantas Premier Titanium $1,200 1.25 $12,500/month
Amex Platinum $1,450 1.125
Frequent Flyer Diners Club $150 1
Qantas Amex Premium $249 1
HSBC Premier (with Qantas Rewards) $99 1 $10,000/month
Qantas Premier Platinum $299 1 $10,000/month
ANZ Frequent Flyer Black $425 1 $7,500/month
Bankwest Qantas World $270 1 $5,000/month
NAB Qantas Rewards Signature $395 1 $5,000/month
Macquarie Black $149 1 $4,000/month
Qudos Bank Visa Platinum $249 1 $2,500/month
Macquarie Platinum $99 1 $1,000/month

 

Would you like to learn more about credit cards?

Frequent Flyer Solutions has an entire training course on Credit Cards. This course will teach you about maximising credit card points and help you to choose the credit card that’s right for you! View course →

 

Disclaimer: This article is not intended as financial advice. Consider your personal circumstances before applying for any type of credit.

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Matt Graham
The editor of Australian Frequent Flyer, Matt's passion for travel has taken him to over 60 countries… with the help of frequent flyer points, of course!
Matt's favourite destinations (so far) are Germany, Brazil, New Zealand & Kazakhstan. His interests include economics, aviation & foreign languages, and he has a soft spot for good food and red wine.

You can contact Matt at [email protected]

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