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Finding the Right Rewards Credit Card for You
Compare top credit card rewards this July
Quick Picks
Best overall: ANZ Rewards Black.
Best budget: Citi Rewards Card.
Best for Coles shoppers: Coles Rewards Mastercard.
Best for High Spenders
For those who spend significantly each month, maximizing rewards is key. Here we explore cards with high earning potential and robust benefits.
ANZ Rewards Black Credit Card
The ANZ Rewards Black card offers 2 ANZ Reward Points per A$1 on the first A$5,000 spent per statement period, making it ideal for high spenders aiming to extract maximum value. However, the A$375 annual fee can be a deterrent for those not committed to fully leveraging the benefits. The card's standout feature is its 180,000-point welcome package, provided you meet the A$5,000 spending requirement in three months. This card is well-suited for those looking for flexibility in airline and retail rewards, coupled with premium travel insurance.
While the ANZ Rewards Black card is a powerhouse for big spenders, those seeking a more cost-effective option should consider cards with no upfront fees.
Best for Cost-Conscious Users
These cards offer great rewards without the burden of an annual fee, perfect for those looking to optimize their spending without added costs.
Citi Rewards Card
The Citi Rewards Card is a solid choice for those who want to dip their toes into the rewards game without an initial investment. With the first year's annual fee waived and 2x points at eligible supermarkets, it's a cost-effective entry into Citi's rewards ecosystem. However, after the first year, the A$149 annual fee kicks in, which might not be worth it if you don't maximize the points. This card is best for Australians who have a minimum income of A$35,000 and want to explore rewards cards without upfront costs.
If you're a regular Coles shopper, the next option offers unique advantages tailored to your shopping habits.
Best for Coles Shoppers
For those loyal to Coles, maximizing Flybuys points can translate into significant savings.
Coles Rewards Mastercard
The Coles Rewards Mastercard shines for regular Coles shoppers with its 2x Flybuys points on supermarket purchases. It has no annual fee and offers a 20,000-point welcome bonus, making it appealing for those who frequently shop at Coles. However, the earn rate outside Coles is much lower, at 1 point per $2 spent, limiting its value for non-Coles purchases. This card is ideal for those who want to maximize their Flybuys points without any annual fee.
These options cater to different spending habits and preferences. Whether you're a high spender valuing premium rewards or a budget-conscious shopper loyal to Coles, there's a card here for you. For a deeper dive into how these cards stack up against each other, explore our detailed comparison in Rewards Credit Cards: ANZ vs Citi vs Coles.