Compare Credit Card Rewards


Useful Information

Table Comparison

Credit Cards Comparison


How to choose a rewards program

How to calculate Rewards Points

What is a credit card reward?

Canstar Outstanding Value credit cardRewards credit cards give you extra benefits that you earn according to how much money you spend on your credit card. The bank converts your spending into rewards points, and when you redeem those points, the bank converts them into rewards for you.

There are four main types of rewards, discussed in detail below: cash back, frequent flyer, merchandise, and instant discounts at point of sale. With more than 15.7 million credit cards in Australian wallets in 2015, we could be earning a big bundle of rewards if we used those cards responsibly (and if we spend enough to make it worthwhile).


How do credit card rewards work?

Depending on the rewards program you choose, every dollar of spending on your card can accrue hose points can be converted into rewards.

Some lenders allow you to set up auto-redemption, so that every time you reach a certain number of points, they are automatically redeemed in the method of your choice.


What are rewards debit cards?

A rewards debit card offers a similar rewards scheme to the rewards credit card – but you’re spending your own money. This has a lower risk level because you are not accruing credit or paying interest on the amount.

Unfortunately, there are barely a handful of rewards debit cards on the market, as they don’t represent a strong reward for banks. But if you’re looking for a low-risk reward, they are definitely worth investigating.

As with any product, rewards debit cards have their advantages and disadvantages:


  • No annual fee. Qantas Cash and the Velocity Global Wallet have no fee and earn rewards at the same rate as most entry level Frequent Flyer rewards credit cards with annual fees from $50 to $100.
  • You are spending your own money, so there’s less risk of getting into credit card debt.


  • Debit cards earn rewards at a low rate, and there are restrictions on the amount of cash back. This means they may not be good value for people who spend a lot on their credit card.

You may have to deposit your salary onto the card to waive the monthly account-keeping fee.


Written by: TJ Ryan

Main types of credit card rewards

There are four main types of credit card rewards:

  1. Cash back
  2. Frequent flyer
  3. Merchandise
  4. Instant discounts

You can use our credit card rewards selector to filter the comparison results to show you just cards with your favourite type of reward. We also outline the type of rewards available for each card we researched in our star ratings report.

1. Cash back rewards:

Getting cash back is a reward that would appeal to just about anyone. These cards reward you with a refund of a certain percentage (usually from 0.5% – 1%) of your spending. If you are comfortable using the credit card for most of your spending to maximise your cash back rewards, this might be a good option.

Compare cash credit card rewards here.

2. Frequent flyer rewards:

Cardholders earn points towards flights, travel insurance, concierge services, and merchandise from the card’s partner airline. You can usually also earn bonus points for buying your flights on your rewards credit card.

Obviously these cards are popular with people who fly frequently for work or leisure, but they’re also useful for people who save up their points for years towards a long-distance or around-the-world trip. These cards are less useful for people who spend only $12,000 or less per year on their card, as they will not accumulate enough points to make the rewards program worthwhile.

Compare frequent flyer credit card rewards here.

3. Merchandise rewards:

Appealing for shopaholics. Merchandise cards offer rewards you can redeem at stores or outlets you love. ‘Merchandise’ covers a wide range of rewards including tickets to sports events or concerts, gift cards, restaurants, holiday accommodation, or fashion items.

Compare merchandise credit card rewards here.

4. Instant discounts:

Unlike the other types of rewards, instant rewards are benefits that you receive automatically at point of sale, such as an exclusive discount and 2-for-1 offers.

What is the current interest rate for credit card rewards?

Rewards cards can potentially charge a much higher interest rate than low-rate, no frills cards  – usually between 19% and 22%. Non-rewards credit cards have an average rate of 16.88% and range from 7.99% upwards. (Rates current as at August 2015.)

So if you don’t spend a lot on your card or you find you can’t pay it off in full each month, a rewards card could just be an incentive to spend more than you can afford! On the other hand, if you do spend a lot and pay it off every month, you could do quite well out of the right rewards card.

According to our recent survey of 2,200 Australian adults, 51% of Aussies said they could have found a better credit card deal at a lower interest rate if they had looked around a little more. We’ve made shopping around for a low interest rate easy, by comparing credit card rewards for you.


Common credit card fees:

There can be many fees that apply to rewards credit cards. Some of the common fees are:

  • Annual fee charged for administration of your line of credit. The annual account-keeping fee for a rewards credit card is quite large, generally between $100 and $450.
  • Additional cardholder fee charged to issue a second person with a card linked to the rewards credit card account. Fee costs can vary greatly.
  • Balance transfer fee charged to transfer the balance of another credit card onto your rewards credit card. Charged as a percentage of the amount you transferred.
  • Cash advance fee charged when you use your credit card to get cash out from an ATM, buy foreign currency, or buy traveller’s cheques. The fee can range from $2.50 to 3% of the cash amount up to $150.
  • International transaction fee charged to process purchases you make while overseas, or purchases made in a currency other than Australian dollars. These fees are a percentage of the purchase price, so the cost adds up quickly.
  • Late fee charged if you do not pay the minimum amount due on your monthly bill. Instead of waiting for your bill to pay it, you can set up a direct debit automatic payment with the bank for the minimum amount every month.
  • Overdraft or over-limit fee charged on pre-July 2012 cards when you spend more than your credit card limit.
  • Non-bank ATM fee charged by your bank when you use an ATM from a different bank to make a balance enquiry or cash withdrawal.
  • Replacement card fee charged if your card is lost or stolen and must be replaced with a new card.

What credit card reward is right for you?

Here at CANSTAR, we’ve done the hard work for you and you can see a comparison of 136 rewards cards on our website to figure out which one could suit your needs. When you’re looking at the different cards available, the “best” rewards program comes down to a few factors:

  • What type of reward you are most likely to use
  • How much you spend per year on your card
  • Whether the card costs are less than the rewards

If you use your credit card frequently and pay off your entire bill each month, a traditional or points-based rewards card might be worth looking at.

Choose a reward you’ll actually use.

It’s not all about frequent flyer points. Different cards offer different rewards in different forms and sizes, and some may be harder for you to redeem than others. If the rewards on offer for a card aren’t going to provide you with a material benefit, look for something else. Many rewards cards are now also universally-friendly, as they offer rewards points that can be redeemed in a wide variety of ways and for different types of rewards.

Choose a card that suits your spending level.

Choose a rewards credit card that matches the amount of money you spend on credit every year. We rate rewards cards according to four different yearly spending categories: $12,000, $24,000, $60,000 and $120,000.

If you’re managing to pay off a large balance on your card every month, then you could be reaping the benefits of a good rewards card. You can figure out your spending profile from your monthly credit card bill – is it for $1,000, $2,000, $5,000, or $10,000 and up?

Rewards cards can give you incentive to spend more on credit, but remember to be disciplined. We don’t want to add to the massive amount of credit card debt in Australia. If you don’t use your credit card much or you don’t actually need one, then signing up for a rewards credit card wouldn’t be worth it for you and could cause unnecessary debt.

Choose a card where the rewards outweigh the cost.

Whether or not a card is good value depends on whether the rewards earned each year cancel out the high costs of owning the card. You might not enjoy it, but reading the fine print in your credit card’s product disclosure statement is vital. You need to know whether there are any extra exemptions or fees that would make your ‘rewards’ useless.

Annual fee: You can work out whether the fee is worth it by calculating the net rewards return from the dollar value of points earned each year, less the annual fee.

For example, let’s say you spend $24,000 in a year and earned 24,000 points. Divide the number of points earned by the number of points needed to earn $1 back. You want a high ‘earn rate’ so you can build points quickly, but those points need to be worth something. If your card gives you 150 points to the dollar, you’ve earned $160 in rewards that year. Then subtract your $100 annual fee, and you’re left with $60 of extra rewards earned that year. However, if you only spent $12,000 that year, that only earned $80 in rewards and didn’t cover the $100 annual fee.

Interest rate: The higher interest rates of between 19% and 22% for rewards cards can be dangerous for non-disciplined spenders. If you’re paying any interest, the card quickly gets far too expensive to be worth it. You want to know you can pay off the balance before any interest gets charged.

Paying the monthly bill: If you can’t pay off your card balance in full every month, the bank won’t let you earn as many (or sometimes any) rewards points.

Look for good bonus offers.

There are a few ways to make the most of the free benefits on a rewards credit card.

Look for bonus offers to boost your points balance. Many cards offer a lump sum of bonus points just for signing up, often with conditions or a shorter expiry time attached.

Also remember to use any helpful extras that come with the card, such as free travel insurance or concierge services. Check that cards with these extra benefits don’t have a higher annual fee.

Certain cards earn more points from certain partner businesses. You might have a higher earn rate when you spend at the supermarket than at service stations or restaurants. Know where your card will be the most valuable to you.

Check for silent points killers.

Points redeeming: Some cards make it more difficult to redeem rewards than others. For example, you might have saved up enough frequent flyer points for a posh business-class flight overseas, but if the airline doesn’t allocate any frequent flyer seats on the flight you want, the points are worthless.

Points capping: Many cards have a cap on the number of points you can earn in a year. Make sure that the limit is not so low that it stops you from getting any value out of the card.

Points expiry: Choose a card where points don’t expire in a hurry. It would be heart-breaking to save up 500,000 points for a holiday and then see them disappear before you book the flight. Thankfully, many cards have rewards points that do not expire.

Credit Card Rewards glossary of terms

Please note that these are a general explanation of the meaning of terms used in relation to credit card rewards. Your bank or financial institution may use different terms, and you should read the terms and conditions of your credit card carefully to understand all rewards, features, fees and charges, and interest rates that may apply to your card.

Annual fee: A fee charged annually for the use of the credit card, to cover the administration costs of the line of credit.

Automatic transfer: A system where a bill is paid by one bank automatically transferring money into an account when the bill comes due. Also known as direct debit.

Auto-redemption: A system you can set up with your provider where every time you reach a certain number of points, they are automatically redeemed in the method of your choice.

Average daily balance: The average daily balance of your card is determined by adding up all balances during the month and dividing the total sum by the number of days in the month. With most lenders, the annual interest rate is then applied to that “daily” amount.

Balance transfer: Transferring the outstanding balance of one credit card to another card, usually one with a better (lower) rate.

Balance transfer fee: A fee charged when you make a balance transfer. It may be a flat fee or a percentage of the amount you transfer.

Bankruptcy: This is when someone’s debt problems become so serious that they are unable to pay their existing debts and bills. They can apply to a court to be declared ‘bankrupt’, and any assets or savings they have can be used to pay off their debts. They can then wait a certain time period to have that bankruptcy removed from their record, or apply for it to be removed earlier.

Big spender: Credit card users who spend a lot on their cards every month and always pay off the full balance. Rewards credit cards are useful for these cardholders because they spend enough to earn a significant amount of rewards points.

Cash advance: Withdrawing cash from a line of credit. Usually incurs a cash advance fee and/or a higher interest rate.

Cash advance fee: A fee charged when you use your credit card to get cash out from an ATM, buy foreign currency, buy traveller’s cheques, or pay a gambling debt. The fee can be a flat dollar amount or a percentage of the amount withdrawn.

Caveat emptor: Latin for “let the buyer beware”. In financial situations, this phrase means that a buyer should be careful to examine a product’s terms and conditions, before signing up for the product.

Credit limit: The maximum amount you can spend using your credit card before having to pay off some of the balance.

Credit report or credit history: A report from a credit agency that contains a history of your payments on current and previous credit cards and loans. Banks and other lenders use your credit report to decide how likely you are to repay a future debt and whether or not to lend money to you. Find out what is included in your credit report here.

Credit rating or credit score: A numerical score that represents your credit-worthiness, based on your credit repayment history. The score is based on whether you pay your bills on time, your current level of debt, the types of credit and loans you have, and the length of your credit history. Your credit rating and credit report are used by banks and lenders when deciding whether or not to lend money to you. Find out how to check your credit score here.

Debit card: Also known as a bank card or a cheque card. Allows you to access the money in your savings or checking account to make purchases, and requires that you enter your PIN number.

Default: When a cardholder fails to make the minimum required payment on their credit card bill, loan, or other line of credit. Defaults are a serious black mark on your credit report and negatively affect your credit rating.

EFT: Electronic Funds Transfer. The electronic transfer of money between accounts by ATMs, home computers, and EFTPOS machines.

EFTPOS: Electronic Funds Transfer at Point Of Sale. Usually refers to a small machine that merchants use to receive payments from a customer’s credit card, debit card or gift card.

Everyday spender: Credit card users who use their credit cards for everyday purchases and pay off their balances each month.

Full balance: The entire amount owing on your card that month, including any purchases made during the month, any amounts unpaid from previous bills, and any interest or fees charged.

Habitual spender: Credit card users who keep a revolving debt on their credit card and don’t manage to pay it off each month.

Interchange fee: A fee charged by your bank for a merchant’s bank to process a payment via your credit card.

Interest rate: The rate at which your outstanding balance increases per month if your bill is not paid in full.

Interest-free days: The number of days you have to pay your bill in full before interest is charged on the outstanding balance. It is the period of time between the date of a purchase and when the payment is due.

Introductory rate: An initial interest rate offered to entice new cardholders to sign up for a credit card. These rates usually begin low but revert to the standard rates after 6 months or so.

Merchant: Someone who sells goods or services to customers for payment.

Minimum interest charge: The minimum amount of interest you would be charged if you are charged any interest. For example, if your total interest charge is $0.75 but the bank’s minimum interest charge is $1.00, you will be charged $1.00.

Minimum payment: The number listed on your bill as the minimum your bank requires you to pay off your credit card balance for that month.

Occasional spender: Credit card users who only spend in splurges or on impulse (holidays, emergencies) and then spend months paying the balance off.

Ombudsman: If you have a dispute with your bank and haven’t been able to resolve it through their internal complaint resolution process, you can contact the Financial Ombudsman Service of Australia. It is a free and independent service that resolves disputes with banks and other financial institution. Anyone can call them on 1300 78 08 08.

Overdraft fee: An overdraft occurs when you make any type of payment when you don’t have that amount of money in your account, whether it is a savings or checking account. The bank will extend credit up to a maximum amount, the overdraft limit. Interest is charged daily on the balance of your overdraft amount.

Over-limit fee: A penalty fee charged to you for exceeding the credit limit on your credit card.

Penalty fees: Fees charged if you violate the terms of your cardholder contract. Over-limit fees are an example of a penalty fee.

Pre-approval: An initial notification that a customer is likely to be approved for a certain credit limit if they apply for that type of credit card. This is based on the bank’s information about their credit history as opposed to their official credit report, so it does not guarantee the customer will actually be approved if they apply.

RBA cash rate: The overnight interest rate that the Reserve Bank of Australia offers financial institutions to settle-up on inter-bank transactions.

Revolving account: An account where repayments are not fixed to a certain number of payments of a certain amount, and the account stays open even if the full balance is not paid off every month. Credit cards are the most common type of revolving account.

Rewards: Benefits that come from using a rewards credit card, in proportion to the amount of money spent. Rewards come in four main types: cash back, frequent flyer miles, merchandise (shopping vouchers), and instant or general rewards.

Switching: Changing from one product to another with the same financial institution, e.g. switching from a rewards credit card to a savings account with a debit card attached.

Universal default: Where one financial institution treats a borrower as if they had defaulted with them because the borrower defaulted with a different institution.

How does CANSTAR rate credit card rewards?

In 2015, we rated 136 credit card rewards offered by 43 lenders, according to the value of rewards they offered to spenders at different levels.

We focus on three main categories of rewards programs:

  1. Cash rewards: These rewards suit customers looking for cash back or shopping vouchers. Programs must offer direct cash back, shopping vouchers, or gift cards to be eligible for a rating under this profile.
  2. General rewards: These rewards suit customers looking for a choice of options when redeeming points. Programs must offer at least one of the following types of rewards to be eligible: cash, shopping vouchers, merchandise, automotive, entertainment, lifestyle, food and beverage, or additional rewards.
  3. Frequent flyer rewards: These rewards suit customers looking for flights or other travel products. Programs must have at least one frequent flyer partner to be eligible.

We analyse the value of rewards offered for four levels of yearly spending by a cardholder:

a)      $12,000

b)      $24,000

c)       $60,000

d)      $120,000

Who offers credit card rewards in Australia?

  1. American Express: American Express was founded in 1850 and now issue the world’s largest number of credit cards. Most of their cards offer rewards in all four categories. Their sign-up bonus varies from $100 cash back to 50,000 points depending on the card, if you spend $1,000 in your first 3 months.
  2. ANZ: ANZ has a long history, founded in 1835 in Sydney as the Bank of Australasia. They offer rewards in all four categories. Their sign-up bonus is 25,000 to 75,000 points depending on the card and how much you spend in your first 3 months.
  3. Bank Australia (formerly bankmecu): Bank Australia is Australia’s first 100% customer-owned bank and has been running since 1957. They focus on frequent flyer rewards.
  4. Bank of Melbourne: The Bank of Melbourne was founded in 1989 and exists solely in the state of Victoria. They are the creators of the Melbourne Made film campaign. They offer rewards in three categories, excluding cash back. Their introductory offer is a 0% interest rate on purchases made in the first 3 months, and a $0 annual fee for the first year if you apply online.
  5. Bank of Sydney: The Bank of Sydney was founded in 2001 and has branches in Sydney, Melbourne and Adelaide. They focus on cash back rewards. They make it easy to see the value of their rewards by expressing them as dollar amounts earned for every $1,000 spent on eligible purchases, with no expiry.
  6. BankSA (Bank of South Australia): BankSA opened their first branch in 1848. In 2015, BankSA established a natural disaster recovery fund to help Adelaide communities affected by recent severe bushfires. They offer rewards in three categories, excluding cash back. Existing BankSA customers enjoy a $0 annual fee for the first year.
  7. Bankwest: Bankwest was founded in 1895 as the Agricultural Bank of Western Australia, and since then they have won multiple awards for their banking services. They offer rewards in all four categories and have a dedicated Qantas Mastercard for frequent flyers. Their sign-up bonus is 8,000 to 28,000 points depending on the card.
  8. bcu: bcu was founded in 1971 by a small group of banana farmers in Nambucca, NSW. They focus on cash back rewards, with Rewarder gift cards used like a debit card in any EFTPOS machine.
  9. Bendigo Bank: Bendigo Bank was formed 150 years ago and has more than 1.5 million customers across Australia. Their ‘Partnership’ rewards credit cards include the RSPCA Rescue Rewards Card and the Community Choice Royal Children’s Hospital Card. They offer rewards in all four categories, and their sign-up bonus is 10,000 points.
  10. Big Sky Building Society: Big Sky, founded in 1971 as the BHP Employee Credit Co-operative, is not to be confused with Big Sky, the 2015 drama thriller movie. They focus on cash back rewards.
  11. BOQ (Bank of Queensland): BOQ was founded in 1874 and remains an independent today. They offer rewards in all four categories, but their Q Rewards program focusses heavily on the items available in their merchandise and travel catalogue. Their sign-up bonus is 30,000 points.
  12. Catalyst Money: Catalyst Money was founded in 1963 as the University of NSW Staff Credit Union. They offer rewards in all four categories. Their introductory offer is a 0% interest rate on purchases for the first 6 months.
  13. Citibank: Citibank was founded in 1985 and the Citi group recently celebrated its 200th anniversary as a bank in 2012. They offer rewards in all four categories, with frequent flyer offers from Qantas and Emirates.
  14. Coastline Credit Union: Coastline was founded in 1966 and remains in NSW. They focus on cash back rewards, with Rewarder gift cards used like a debit card in any EFTPOS machine, at the rate of $1 for every $150 spent. Their introductory offer is a 0% introductory interest rate for the first 6 months.
  15. Coles: Coles began in 1914 as a discount store but branched out into financial services in the 21st century. Coles have received our 5-star rating for outstanding value for cash rewards in 2013, 2014 and 2015. The Coles Rewards Mastercard is a credit card and a flybuys card in one, so you can get $10 off your shop and free delivery from Coles supermarkets if you have 2,000 flybuys points. They offer rewards in all four categories.
  16. Commonwealth Bank: The Commonwealth Bank was founded in 1911 as the government bank for our young nation. They offer rewards in all four categories, but rewards are exclusively through Myer, Flight Centre, and a 1,000-item catalogue.
  17. CUA (Credit Union Australia): CUA was founded in 1946 as a merger between a few small Queensland-based credit unions. They offer rewards in all four categories. Their sign-up bonus is triple points earning in the first 3 months, capped at 20,000 points.
  18. Diners Club: Diners Club was founded in 1950 and created the first credit card in the USA. They offer rewards in all four categories, and you can earn unlimited points with no expiry.
  19. FCCS (Ford Cooperative Credit Society): FCCS was founded in 1974 by employees at Ford Motor Company in Geelong. They offer rewards in all four categories. Their sign-up bonus is triple points earning in the first 3 months, capped at 20,000 points.
  20. First Option Credit Union: First Option was founded in 1965. They focus on cash back rewards. Their introductory offer is a 0% interest rate for the first 6 months and no annual fee for the first year.
  21. GE Money: GE Money has 3.1 million customers in Australia and New Zealand. They offer Mastercard and Myer Visa options, with rewards in three categories, excluding cash back.
  22. HSBC: HSBC has 48 million customers around the world and started operations in Australia in 1965. They offer rewards in all four categories. Their sign-up bonus for the Qantas Platinum card is 40,000 Qantas frequent flyer points.
  23. Hume Bank: Hume Bank was founded in 1955 in Albury and has more than 55,000 customers in NSW and Victoria. They focus on cash back rewards.
  24. Illawarra Credit Union: Illawarra Credit Union was founded in 1972. They also offer the Privilege Plus Club to the over-55s. They offer rewards in all four categories. Their introductory offer is a 0% interest rate on purchases for the first 6 months.
  25. IMB Bank: IMB was founded in 1880 and they have around 180,000 members. They offer rewards in all four categories. Their sign-up bonus is triple points earning in the first 3 months, capped at 20,000 points.
  26. Jetstar: Jetstar was founded in 2004 as a low-airfare airline across Australia, New Zealand, and the Pacific. Their Platinum MasterCard won our 5-star rating for outstanding value rewards in 2015. They focus on frequent flyer rewards and instant rewards. Frequent flyer points can be used with either Jetstar or Qantas. Instant rewards include waiving the standard booking fee for Jetstar flights, and a 10% discount when buying food and drinks on a Jetstar flight.
  27. Macquarie Bank: Macquarie Bank opened in Sydney in 1969 with just three staff members. They offer rewards in all four categories, but each card offers a different mix of rewards options.
  28. Myer: Myer was founded by a penniless Russian immigrant, Sidney Myer, in the 1890s. The MYER Visa Card is different to the MYER One Card, which is simply a loyalty rewards card as opposed to a credit card. MYER focus on instant rewards and shopping vouchers.
  29. MyState: MyState Bank has been Tasmania’s largest bank for almost 50 years. They offer rewards in all four categories.
  30. NAB: NAB was founded in 1981 and is one of the big four banks in Australia, with over 12.7 million customers worldwide. They offer rewards in three categories, excluding cash back, and they have frequent flyer rewards available with Qantas and Velocity. Their sign-up bonus is 10,000 – 40,000 points depending on the card.
  31. Qantas Credit Union: Qantas Credit Union was formed by Qantas employees in 1959 and they support a number of invaluable charities such as Assistance Dogs Australia, the Humpty Dumpty Foundation, and Learning Links. They focus on frequent flyer rewards. Their sign-up bonus is up to 30,000 Qantas points.
  32. QPCU (Qld Police Credit Union): QPCU was founded in 1964. They focus on cash back rewards through their Bluey Rewarder program, which received our 5-star rating for outstanding value in 2014.
  33. QT Mutual Bank: QT Mutual Bank was created in 1965 as the Qld Teachers’ Credit Union, and since then they’ve taught 250,000 teens about the value of never giving up on saving. They offer rewards in all four categories and reward points never expire. Their sign-up bonus is triple points earning in the first 3 months, capped at 20,000 points.
  34. Queenslanders Credit Union: Queenslanders Credit Union was created in 1996 after the mergers of credit unions that began way back in the late 1950s and 1960s. They offer rewards in all four categories. Their sign-up bonus is triple points earning in the first 3 months, capped at 20,000 points.
  35. SERVICE ONE Alliance Bank: Service One Alliance is a part of the Service One Mutual Credit Union group, which was established in 2001 by several credit unions formed during the 1970s. They offer rewards in all four categories.
  36. St. George Bank: St. George is best known as the bank with the dragon logo. It was founded in 1937 and has 2.6 million customers in Australia. Their Amplify Signature card has a ‘birthday bonus’ of an extra 10% of points earned over the past 12 months. They offer rewards in three categories, excluding cash back. Their introductory offer is a 0% interest rate on purchases for the first 3 months, and existing St. George customers also receive a $0 annual fee for the first year.
  37. Suncorp Bank: Suncorp was founded in 1902 and remains Australia’s leading bank in regional areas. They offer rewards in all four categories. Their sign-up bonus is triple points earning in the first 3 months, capped at 30,000 points.
  38. Virgin Money: Virgin Money was established in 1995 in the UK. Being an airline, they focus on frequent flyer rewards. Their sign-up bonus is up to 20,000 points.
  39. Westpac: Westpac was founded in 1817 and became one of Australia’s big four banks. They own a number of other banking brands including St. George, Bank of Melbourne, BankSA, and RAMS. They offer rewards in all four categories.
  40. Woolworths Money: Woolworths is more than just a supermarket – since 2008, they have also offered credit cards and insurance. They offer rewards in all four categories, and naturally their cash back offer comes in the form of Woolworths gift cards. Their introductory offer is a $0 annual fee for the first year.