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Credit Cards with Points Transfer Benefits

Ranked by estimated first-year value after fees. Uses each offer's best redemption, assumes the bonus is earned and the balance is paid in full.

$1,450 annual fee
Referral offerHow referrals work
Offer
225,000 American Express points
Transfer Membership Rewards points to 10+ major partners across Airline, Hotel and Retail programs.
Spend $5,000 in 90 days (~$1,667/mo)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $450 cashback offsets the $1450 fee.

Estimated value after fees $1,408

Velocity flights

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$440 annual fee
Offer
70,000 Velocity points
Earn Velocity Points on Card spend (2.25 per $1 within Virgin Australia, 1.25 per $1 on Card purchases except Australian government bodies, 0.5 per $1 at Australian government bodies) with uncapped points earning
Spend $5,000 in 90 days (~$1,667/mo)
Offer Expires in 2 days (2026-10-13)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $385 cashback offsets the $440 fee.

Estimated value after fees $1,241

Velocity flights

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$349 annual fee
Offer
80,000 Velocity points
Earn 1 Velocity Point per $1 spent on Eligible Transactions up to $8,000 each statement period, then 0.5 Velocity Points per $1; points credited to a linked Velocity Frequent Flyer account
Spend $7,000 in 60 days (~$3,500/mo)
Craig
Craig's Take

Tough spend — $117/day for 60 days. Good ongoing earn rate. $129 cashback offsets the $349 fee.

Estimated value after fees $1,229

Velocity flights

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$450 annual fee
Offer
70,000 Qantas points
Qantas Points transferred to your Qantas Frequent Flyer account each month
Spend $5,000 in 90 days (~$1,667/mo)
Offer Expires in a month (2026-11-17)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $450 cashback covers the $450 fee.

Estimated value after fees $1,220

Qantas flights

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$450 annual fee
Referral offerHow referrals work
Offer
70,000 Qantas points
Qantas Points transferred to your Qantas Frequent Flyer account each month
Spend $5,000 in 90 days (~$1,667/mo)
Offer Expires in a month (2026-11-17)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $450 cashback covers the $450 fee.

Estimated value after fees $1,220

Qantas flights

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$295 annual fee
Existing customers onlyCan I become an existing customer?
Offer
90,000 Velocity points
Velocity Points earned are credited directly to the cardholder's Velocity Frequent Flyer account, where they can be redeemed for flights, upgrades and shopping
Spend $6,000 in 90 days (~$2,000/mo)
$200 first year annual fee, $295 thereafter
Craig
Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,216

Velocity flights

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$295 annual fee
Offer
90,000 Velocity points
Velocity Points earned are credited directly to the cardholder's Velocity Frequent Flyer account, where they can be redeemed for flights, upgrades and shopping
Spend $6,000 in 90 days (~$2,000/mo)
Craig
Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,121

Velocity flights

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$175 annual fee
Offer
70,000 Velocity points
Velocity Points are earned and credited directly to your Velocity Frequent Flyer account for redemption on flights, upgrades and shopping; an annual $75 Rewards Program Fee applies
Spend $4,000 in 90 days (~$1,333/mo)
$99 first year annual fee, $175 thereafter
Craig
Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $988

Velocity flights

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$175 annual fee
Offer
70,000 Velocity points
Velocity Points are earned and credited directly to your Velocity Frequent Flyer account for redemption on flights, upgrades and shopping; an annual $75 Rewards Program Fee applies
Spend $4,000 in 90 days (~$1,333/mo)
Craig
Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $912

Velocity flights

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Image of MyCard Premier credit card
MyCard points
$300 annual fee
Offer
120,000 MyCard points
Transfer MyCard Reward Points to loyalty partner programs including Flybuys and Velocity Frequent Flyer
Spend $7,000 in 90 days (~$2,333/mo)
Craig
Craig's Take

Moderate spend — $78/day for 90 days. Good ongoing earn rate. $72 cashback offsets the $300 fee.

Estimated value after fees $881

Velocity flights

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Image of MyCard Premier Velocity credit card
Velocity points
$300 annual fee
Offer
60,000 Velocity points
Transfer MyCard Reward Points to loyalty partner programs including Flybuys and Velocity Frequent Flyer
Spend $7,000 in 90 days (~$2,333/mo)
Craig
Craig's Take

Moderate spend — $78/day for 90 days. Average ongoing earn rate. $72 cashback offsets the $300 fee.

Estimated value after fees $852

Velocity flights

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$175 annual fee
Offer
70,000 Qantas points
Qantas Points earned are credited directly to the cardholder's Qantas Frequent Flyer account on a monthly basis
Spend $4,000 in 90 days (~$1,333/mo)
Craig
Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $841

Qantas flights

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$169 annual fee
Offer
50,000 Velocity points
Earn 0.66 Velocity Points per $1 spent on Eligible Transactions up to $1,500 each statement period, then 0.5 Velocity Points per $1 thereafter; points credited to your linked Velocity Frequent Flyer account
Spend $3,000 in 60 days (~$1,500/mo)
Craig
Craig's Take

Easy $50/day spend to hit the bonus. Average ongoing earn rate. $129 cashback offsets the $169 fee.

Estimated value after fees $836

Velocity flights

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Image of MyCard Rewards Velocity credit card
Velocity points
$249 annual fee
Offer
60,000 Velocity points
Earn MyCard Reward Points (1 point per $1; domestic spend capped at $10,000 per statement period, international spend uncapped) redeemable as Pay with Points, gift cards, or transferred to loyalty partners including Flybuys and Velocity Frequent Flyer
Spend $5,000 in 90 days (~$1,667/mo)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $805

Velocity flights

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$420 annual fee
Offer
50,000 Commbank points
Opt-in (for $90/year) to transfer CommBank Awards points to Qantas Frequent Flyer; points auto-transfer each statement period at 2.5 CommBank Awards points to 1 Qantas Point
Spend $9,000 in 90 days (~$3,000/mo)
Craig
Craig's Take

Moderate spend — $100/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $675

Coles gift cards

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Image of ANZ Rewards Platinum credit card
ANZ points
$149 annual fee
Offer
85,000 ANZ points
ANZ Reward Points transferable to partner programs: Velocity, Asia Miles, KrisFlyer, Airpoints Dollars, Everyday Rewards and World360 Rewards
Spend $3,500 in 90 days (~$1,167/mo)
Craig
Craig's Take

Easy $39/day spend to hit the bonus. Good ongoing earn rate. $50 cashback offsets the $149 fee.

Estimated value after fees $668

Velocity flights

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$449 annual fee
Existing customers onlyCan I become an existing customer?
Offer
50,000 Qantas points
Earn Qantas Points on everyday purchases and redeem for award flights, products and vouchers via Qantas Marketplace; free Qantas Frequent Flyer membership (joining fee waived, $99.50 saving)
Spend $5,000 in 90 days (~$1,667/mo)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Good ongoing earn rate. $200 cashback offsets the $449 fee.

Estimated value after fees $611

Qantas flights

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$195 annual fee
Offer
80,000 NAB points
Transfer NAB Rewards Points to partner programs: Flybuys (3,000=3,000), Velocity Frequent Flyer (3,000=1,500), Accor Live Limitless (3,000=500), Singapore Airlines KrisFlyer (3,000=1,000 miles), Cathay Asia Miles (3,000=1,000, ending 27 April 2026) and Air New Zealand Airpoints (3,000=15 Airpoints Dollars); excludes Qantas Frequent Flyer
Spend $3,000 in 90 days (~$1,000/mo)
Craig
Craig's Take

Easy $33/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $517

Velocity flights

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$195 annual fee
Offer
40,000 Velocity points
NAB Rewards Points automatically redeemed and transferred to Velocity each month at 2 NAB Rewards Points = 1 Velocity Point; requires providing Velocity membership number to enrol in Auto Redemption
Spend $4,000 in 90 days (~$1,333/mo)
Craig
Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $514

Velocity flights

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Image of MyCard Rewards credit card
MyCard points
$249 annual fee
Offer
100,000 MyCard points
Earn MyCard Reward Points (1 point per $1; domestic spend capped at $10,000 per statement period, international spend uncapped) redeemable as Pay with Points, gift cards, or transferred to loyalty partners including Flybuys and Velocity Frequent Flyer
Spend $5,000 in 90 days (~$1,667/mo)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Good ongoing earn rate.

Estimated value after fees $482

Velocity flights

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Image of ANZ Frequent Flyer Black credit card
Qantas points
$425 annual fee
Offer
50,000 Qantas points
Qantas Points earned are automatically credited to the cardholder's Qantas Frequent Flyer account each month; earn 1 Qantas Point per $1 up to $7,500 per statement period and 0.5 per $1 above, plus 1 bonus Qantas Point per $1 on selected Qantas products and services.
Spend $6,000 in 90 days (~$2,000/mo)
Craig
Craig's Take

Moderate spend — $67/day for 90 days. Excellent ongoing earn rate. High $425 fee — make sure you'll use the perks.

Estimated value after fees $471

Qantas flights

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$449 annual fee
Offer
40,000 Qantas points
Earn Qantas Points on everyday purchases and redeem for award flights, products and vouchers via Qantas Marketplace; free Qantas Frequent Flyer membership (joining fee waived, $99.50 saving)
Spend $5,000 in 90 days (~$1,667/mo)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Good ongoing earn rate. $200 cashback offsets the $449 fee.

Estimated value after fees $451

Qantas flights

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Image of MyCard Premier Qantas credit card
Qantas points
$350 annual fee
Offer
40,000 Qantas points
Earn Qantas Points on eligible transactions: 1 point per $1 international/online spend, 0.5 points per $1 other domestic spend; capped at 100,000 points per 12-month period. Must be a Qantas Frequent Flyer member.
Spend $7,000 in 90 days (~$2,333/mo)
Craig
Craig's Take

Moderate spend — $78/day for 90 days. Average ongoing earn rate.

Estimated value after fees $346

Qantas flights

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$295 annual fee
Offer
25,000 Qantas points
Earn Qantas Points on everyday purchases (1 point per $1.50 on first $3,000, then 1 point per $3 to $6,000 per statement); free Qantas Frequent Flyer membership with joining fee waived (saving $99.50); plus 1 bonus point per $1 on eligible Qantas services
Spend $4,000 in 90 days (~$1,333/mo)
Craig
Craig's Take

Easy $44/day spend to hit the bonus. Average ongoing earn rate. $150 cashback offsets the $295 fee.

Estimated value after fees $287

Qantas flights

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$295 annual fee
Offer
100,000 Westpac points
Altitude Points can be redeemed/transferred to partner airline frequent flyer programs (including Qantas and Velocity) and other partners under the Altitude Rewards program; a joining fee may apply
Spend $12,000 in 365 days (~$986/mo)
$200 first year annual fee, $295 thereafter
Craig
Craig's Take

Easy $33/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $285

Krisflyer flights

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$175 annual fee
Existing customers onlyCan I become an existing customer?
Offer
75,000 Westpac points
Earn Altitude Points (2 per $1 international, 1.25 per $1 everyday spend, 1 per $1 all other; 0.5 per $1 after $5,000 in a statement cycle) redeemable as gift cards, products, cashback, or transferable to frequent flyer partner airlines; or earn Qantas/Velocity Points directly (0.75 per $1 international, 0.5 per $1 everyday, 0.35 per $1 all other) for a $75 annual Rewards Program Fee
Spend $3,000 in 90 days (~$1,000/mo)
$49 first year annual fee, $175 thereafter
Craig
Craig's Take

Easy $33/day spend to hit the bonus. Excellent ongoing earn rate.

Estimated value after fees $281

Krisflyer flights

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$149 annual fee
Offer
100,000 BOQ points
Q Rewards Points can be transferred to Velocity Points
Spend $4,500 in 90 days (~$1,500/mo)
$75 first year annual fee, $149 thereafter
Craig
Craig's Take

Easy $50/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $215

Woolworths gift cards

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$295 annual fee
Offer
25,000 Qantas points
Earn 0.75 Qantas Points per $1 up to $3,000 per statement period and 0.5 Qantas Points per $1 over $3,000 on eligible purchases; Qantas Points credited monthly to the Qantas Frequent Flyer account
Spend $3,500 in 120 days (~$875/mo)
Craig
Craig's Take

Easy $29/day spend to hit the bonus. Good ongoing earn rate.

Estimated value after fees $147

Qantas flights

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$195 annual fee
Offer
0 American Express points
Transfer Membership Rewards points to over 10 airline, hotel and retail partners
Spend $0 in 0 days
$0 first year annual fee, $195 thereafter
Craig
Craig's Take

Average ongoing earn rate. $200 cashback covers the $195 fee.

Value estimate unavailable

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