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Your credit card could earn double rewards points this long weekend
Whether you’re stretching out your long weekend for a big American road trip, or jetting off to Bali with the family, you’ll want your credit card to work harder for you.
RateCity research has revealed that if you’re planning on turning your long weekend into an excuse for an overseas holiday, there are some credit cards that offer you a double dose of rewards points.
There are currently 15 credit card products available where the earn rate for international purchases is higher than domestic purchases.
While ordinarily shopping may earn you, say, 1 rewards point per dollar spent with your standard credit card rewards program, there are some credit card products that offer up to three times as more when you’re using your card overseas – including from the big four banks.
Credit cards with higher international earn rates than domestic rates
Company | Product | International spend | Everyday generic spend (domestic) |
Citi | Prestige (Citi Rewards Program) | 3 | 1 |
Citi | Prestige (Qantas Rewards Program) | 1.5 | 0.5 |
Citi | Emirates World Mastercard | 1.25 | 1 |
HSBC | Premier World Mastercard (Rewards Plus) | 1.5 | 1 |
NAB | Rewards Platinum Card | 3 | 1 |
American Express | Platinum Edge Credit Card | 2* | 1 |
HSBC | Platinum Credit Card | 2 | 1 |
NAB | Rewards Signature Card | 3.75 | 1.25 |
Qantas Money | Qantas Premier Titanium | 2 | 1.25 |
Qantas Money | Qantas Premier Everyday | 1 | 0.75 |
Qantas Money | Qantas Premier Platinum | 1.5 | 1 |
Westpac | Altitude Platinum Bundle (Altitude Rewards) | 3 | 2 |
Westpac | Altitude Platinum Bundle (Qantas Rewards) | 1.5 | 1 |
Westpac | Altitude Black Bundle (Altitude Rewards) | 5 | 3 |
Westpac | Altitude Black Bundle (Qantas Rewards) | 2 | 1.25 |
*AMEX New Membership Rewards point earn rate from 15 April 2019
Source: RateCity.com.au, rates accurate as at 5/03/19.
Some of these rewards credit cards also offer additional perks for overseas travellers, including international travel insurance, access to airport lounges, complimentary nights at partnering hotels or luxury airport transfers.
However, it’s crucial that you research and compare rates and fees associated with these credit cards, including annual fees and the number of interest free days.
Credit cards with rewards programs often cost more in fees and interest, so it may be wise to choose a rewards card only if you can pay off your balance in full each month. Also, consider whether these benefits will outweigh the cost of the membership itself.
What could you spend your rewards points on?
Higher value: Flight upgrades – these typically give you the highest dollar value for your points.
Medium value: Flights – particularly international flights as they tend to provide greater dollar value for points than domestic.
Lesser value: Gift vouchers & products — these tend to give the lowest dollar value for points redeemed.
Disclaimer
This article is over two years old, last updated on April 12, 2019. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent credit cards articles.
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Product database updated 18 Apr, 2024
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