Credit Cards with Rewards Program Elite Status

$1,200 annual fee
Offer
150,000 Qantas points
Earn up to 20,000 Qantas Points per year through the Qantas Wellbeing App for everyday activities.
Spend $5,000 in 90 days (~$1,667/mo)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. High $1200 fee — make sure you'll use the perks.

Est. profit $1,200
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$149 annual fee
Offer
50,000 Velocity points
Earn Velocity Frequent Flyer Points on eligible everyday spend: 0.66 points per $1 up to $1,500 each statement period, 0.5 points per $1 thereafter, plus 1 extra point per $1 spent directly with Virgin Australia.
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 $149 fee.

Est. profit $830
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$1,450 annual fee
OfferTargeted
225,000 American Express points
Hotel Elite Status fast-tracking to higher tiers of leading hotel loyalty programs, including Hilton Honors Gold, Marriott Bonvoy Gold and Radisson Rewards Premium; plus ALL Accor Gold status with bonus 30 status nights via the included Accor Plus membership.
Spend $5,000 in 90 days (~$1,667/mo)
Offer Expires in 20 days (2026-08-25)
Craig
Craig's Take

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

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$329 annual fee
Offer
80,000 Velocity points
Earn Velocity Points on eligible spend: 1 point per $1 up to $8,000 per statement period, 0.5 points thereafter, plus 2 extra points per $1 spent directly with Virgin Australia.
Spend $7,000 in 60 days (~$3,500/mo)
Craig
Craig's Take

Tough spend — $117/day for 60 days. Excellent ongoing earn rate. $129 cashback offsets the $329 fee.

Est. profit $1,160
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$295 annual fee
Offer
20,000 Qantas points
Complimentary Qantas Frequent Flyer membership (joining fee waiver, currently worth $99.50) for new members who sign up via the ANZ-provided link
Spend $3,500 in 120 days (~$875/mo)
Craig
Craig's Take

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

Est. profit $25
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$425 annual fee
Offer
40,000 Qantas points
Complimentary Qantas Frequent Flyer membership (joining fee, currently $99.50, waived) for new members who sign up online via the ANZ link.
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.

Est. profit $215
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$195 annual fee
Offer
70,000 Velocity points
Automatic monthly transfer of NAB Rewards Points to Velocity Points at a rate of 2 NAB Rewards Points = 1 Velocity Point for both NAB Rewards Platinum and Signature Cards.
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.

Est. profit $995
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$195 annual fee
Offer
80,000 NAB points
Earn NAB Rewards Points with tiered bonus points offers for new and existing customers, including up to 100,000 bonus points for spending $3,000 in 90 days and keeping the card for over 12 months.
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.

Read my analysis
Craig

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— Craig