RateCity.com.au
Advertisement

Get cash back with the top credit card reward cards


RateCity Staff

By RateCity Staff

2 min read

The best things in life are free but don’t be fooled, credit card rewards come at a cost. If you understand the credit card costs that allow you to earn reward points you could save valuable money with cash backs, deals or valuable travel points.

Reward credit cards have good incentives for using your card to make transactions instead of using cash or your debit card. Some rewards programs offer up to three points per dollar spent or bonus points for shopping at certain stores or spending a certain amount of money. Reward credit cards generally include much higher interest rates than basic cards so to get the most out of them you should only use them if you pay off your debt each month. Otherwise the cost of the interest will outweigh the rewards offers. 

Australia’s premier financial data provider CANSTAR has compared 128 rewards programs across 106 credit cards to determine which credit card’s cash back reward programs represent outstanding value for consumers. (Only points-based rewards were included in the star ratings research). The research, which is based on CANSTAR’s report released in September 2013, divides consumers into three spend categories of $12,000, $24,000 and $60,000 spent on credit cards annually.

The top cash back/voucher reward credit cards, based on an annual spend of $12,000

  • American Express – David Jones Membership Rewards
  • Coastline Credit Union – Rewarder
  • Coles – MasterCard Flybuys Rewards
  • Coles – No Fee MasterCard Flybuys Reward
  • Myer – Myer Visa Rewards
  • QLD Police Credit Union – Rewarder

The top cash back/voucher reward credit cards, based on an annual spend of $24,000

  • American Express – David Jones Membership Rewards
  • ANZ – Rewards Platinum Amex
  • Coles – MasterCard Flybuys Rewards
  • Myer – Myer Visa Rewards

The top cash back/voucher reward credit cards, based on an annual spend of $60,000

  • American Express – David Jones Membership Rewards
  • American Express – David Jones Platinum Membership Rewards
  • ANZ – Rewards Platinum Amex
  • Coles – MasterCard Flybuys Rewards
  • Westpac – Altitude Black Rewards-Amex

Whether you spend a little or a lot, you can find a credit card rewards card that will suit your spending habits.

Get started by comparing some of Australia’s best credit card rewards here.

 

Advertisement

Contact a Broker

A broker will compare hundreds of home loans to help find the right deal for you, at no cost.

By submitting this form, I accept Loan Market's terms and conditions, privacy policy and Collection Statement for this service.

Yes, I'd like to get email updates from RateCity

Submit your details now and a local expert will be in touch within a few business hours. They'll compare hundreds of home loans from up to 20 lenders including the big banks to find the loan that's right for you. Book your free appointment today.

Loan Market Pty LTD | Australian Credit License 390222 ABN 89 105 230 019

Compare your product with the big 4 banks, or add more products to compare
Advertisement