With the dust now having settled following the Reserve Bank of Australia's new caps on credit card interchange fees, many Aussies are hunting for a new credit card to keep their points flowing in – and one of the easiest ways to earn those points from plastic is when signing up to a new product.
This month's top offers from American Express, NAB, St. George and Westpac place over 550,000 Qantas Points on the table for eligible new customers, with as many as 120,000 Qantas Points to be earned from a single application.
Here's what's on the cards this October.
1. American Express Platinum charge cards
At the top of the pile this month is the American Express Platinum Business Card with an offer of 120,000 bonus Qantas Points when you apply by January 31 2018, pay an annual fee of $1,500 and spend at least $5,000 on purchases within the first two months.
That unlocks 120,000 Membership Rewards Ascent Premium points which can be converted into Qantas Points on a 1:1 basis – but if you don't run your own business, the personal American Express Platinum Charge Card isn't far behind with an offer of 80,000 bonus Qantas Points (again, delivered as 80,000 convertible Ascent Premium points).
That personal card attracts a $1,200 annual fee and requires a spend of $1,500 on purchases within the first three months to earn those bonus points, and also delivers up to three Ascent Premium points (three Qantas Points) per dollar spent, while the business card churns out up to two points per dollar spent.
2. American Express Qantas Business Rewards Card
New to the podium, the American Express Qantas Business Rewards Card, delivering a solid 100,000 bonus Qantas Points via the Qantas Business Rewards scheme for businesses that apply by January 31 2018, are approved and spend $3,000 on eligible purchases within the first two months.
Also for the taking are two Qantas Points per dollar spent on eligible Qantas purchases (such as flights and lounge membership), 1.25 Qantas Points per dollar spent on most everyday purchases, an 0.5 Qantas Points per dollar spent on payments to government agencies and utility and insurance providers.
A $450 annual fee apples, although business owners can add up to 99 supplementary cardholders (such as employees) onto the account to maximise the business' points, which are earned in the company's Qantas Business Rewards account and can then be transferred to any personal Qantas Frequent Flyer account on a 1:1 basis.
3. Westpac Altitude Black American Express, Mastercard credit cards
Prefer to have two credit cards on one account to earn more points in more places? Then check out Westpac's Altitude Black American Express + Mastercard combo, with its current sign-up offer of 100,000 bonus Qantas Points and a reduced annual fee of $250 in the first year.
Those bonus points can be yours when you apply by January 31 2018 and spend at least $5,000 on purchases within 90 days of approval – using either the American Express card, the Mastercard or a combination of both.
Choose 'Altitude Qantas' as your rewards option and you'll also unlock 1.25 Qantas Points per dollar spent via the AMEX, uncapped, and 0.625 Qantas Points per dollar spent when using the Mastercard, except on ATO payments which don't attract points using either card.
4. NAB Qantas Rewards Visa Signature credit card
Close behind in fourth place, the NAB Qantas Rewards Visa Signature credit card places with an offer of 90,000 bonus Qantas Points when applying by November 12 2017, paying an annual fee of $395 and spending at least $4,000 on purchases within the first 60 days.
Cardholders can also earn one Qantas Point per dollar up to $5,000 per month, lowered to 0.5 Qantas Points per dollar spent on amounts between $5,001 and $20,000 per month; but then no points on any further purchases, period, until the next monthly statement cycle begins.
The business version of this card – the NAB Qantas Business Visa Signature credit card – instead offers 75,000 bonus Qantas Points when applying by November 10 2017 and spending $4,000 on everyday business purchases within 60 days of opening the account.
5. St. George Amplify Signature Visa credit card
Also with an offer of 90,000 bonus Qantas Points is the $279/year St. George Amplify Signature Visa credit card.
You'll collect those points as a new cardholder when you apply by April 18 2018 and spend $5,000 on purchases within 90 days of card approval.
Cardholders can also earn 0.75 Qantas Points per $1 spent on eligible purchases (via the 'Amplify Qantas' earning option), plus a 10% 'birthday bonus' awarded in the month of their birthday, being 10% of the points earned over the past 12 months (or part thereof), elevating the haul to 0.825 Qantas Points per dollar spent, uncapped.