- Home
- Media Room
- Most card holders are better off without rewards
Most card holders are better off without rewards
Updated on
Less than 5% of card holders spend enough to benefit from credit card rewards program. Average Australian would have to spend over $60,000 per year to get real value from rewards. Cards with rewards charge almost 3% higher interest and three times more in annual fee.
Share this page
Did you find this page helpful?
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.