Credit Cards with Shopping 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. The American Express Platinum Card Referral Offer

American Express points

$1,450 annual fee

Referral offerHow referrals work

Offer

225,000 American Express points

Amex Offers provide account credits and bonus points from brands such as David Jones, Country Road, Ampol, Lululemon and Luxury Escapes; Shop Small offers reward spending at participating local businesses.

Spend $5,000 in 90 days (~$1,667/mo)

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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2. Westpac Altitude Velocity Black (Existing customers)

Velocity points

$295 annual fee

Existing customers onlyCan I become an existing customer?

Offer

90,000 Velocity points

Personalised cashback offers via Westpac Extras plus bonus cashback when shopping via the Westpac Lounge on ShopBack, plus other discounts and offers

Spend $6,000 in 90 days (~$2,000/mo)

$200 first year annual fee, $295 thereafter

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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3. Westpac Altitude Velocity Black

Velocity points

$295 annual fee

Offer

90,000 Velocity points

Personalised cashback offers via Westpac Extras plus bonus cashback when shopping via the Westpac Lounge on ShopBack, plus other discounts and offers

Spend $6,000 in 90 days (~$2,000/mo)

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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4. Westpac Altitude Velocity Platinum (Reduced first year annual fee for Westpac Customers)

Velocity points

$175 annual fee

Offer

70,000 Velocity points

Personalised cashback offers from Westpac Extras, bonus cashback when shopping via the Westpac Lounge on ShopBack, plus other discounts and offers from a range of in-store and online shops

Spend $4,000 in 90 days (~$1,333/mo)

$99 first year annual fee, $175 thereafter

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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5. Westpac Altitude Velocity Platinum

Velocity points

$175 annual fee

Offer

70,000 Velocity points

Personalised cashback offers from Westpac Extras, bonus cashback when shopping via the Westpac Lounge on ShopBack, plus other discounts and offers from a range of in-store and online shops

Spend $4,000 in 90 days (~$1,333/mo)

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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6. Westpac Altitude Qantas Platinum

Qantas points

$175 annual fee

Offer

70,000 Qantas points

Personalised cashback offers via Westpac Extras, bonus cashback shopping via the Westpac Lounge on ShopBack, plus other in-store and online discounts

Spend $4,000 in 90 days (~$1,333/mo)

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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7. CommBank Ultimate Awards Credit Card (with $4000 per month spend)

Commbank points

$420 annual fee

Offer

50,000 Commbank points

CommBank Yello Cashback Offers: personalised, activatable cashback offers with partnered brands via the CommBank app for eligible Mastercard cardholders; cashback typically received within 14 business days. Mastercard Travel Rewards cashback also available at participating overseas merchants

Spend $9,000 in 90 days (~$3,000/mo)

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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8. NAB Qantas Rewards Signature Card existing customer offer

Qantas points

$449 annual fee

Existing customers onlyCan I become an existing customer?

Offer

50,000 Qantas points

Visa Premium Access: access to deals, discounts and privileges

Spend $5,000 in 90 days (~$1,667/mo)

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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9. NAB Qantas Rewards Signature Card

Qantas points

$449 annual fee

Offer

40,000 Qantas points

Visa Premium Access: access to deals, discounts and privileges

Spend $5,000 in 90 days (~$1,667/mo)

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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10.

10. NAB Qantas Rewards Premium Card

Qantas points

$295 annual fee

Offer

25,000 Qantas points

Visa Premium Access provides deals, discounts and privileges

Spend $4,000 in 90 days (~$1,333/mo)

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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11.

11. Westpac Altitude Rewards Platinum (existing customers)

Westpac points

$175 annual fee

Existing customers onlyCan I become an existing customer?

Offer

75,000 Westpac points

Westpac Rewards / Westpac Extras: exclusive deals, discounts and cashback when shopping with the card, accessible via the Westpac App

Spend $3,000 in 90 days (~$1,000/mo)

$49 first year annual fee, $175 thereafter

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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12.

12. ING Orange One Rewards Platinum

Cashback points

$149 annual fee

Offer

0 Cashback points

ING Pocket Perks: merchant cashback offers loaded onto the card via the ING app; cards are automatically enrolled

Spend $0 in 0 days

Craig's Take

Estimated value after fees $211

Cashback at $3,000/month spend

Read my analysis

13.

13. Bankwest Qantas Platinum Mastercard

Qantas points

$199 annual fee

Offer

20,000 Qantas points

Price Guarantee: reimburses up to $1,000 if you find the same item cheaper elsewhere, where the price difference is more than $75.

Spend $4,000 in 120 days (~$1,000/mo)

Craig's Take

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

Estimated value after fees $159

Qantas flights

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