Can you recommend a credit card with a good rewards package?

James Bond · Apr 01, 2009 7:27 am

Hi

We're about to start spending money on the build, and as we will be spending more money that we do normally, we wondered whether it would be worth getting a credit card with a good reward scheme attached, so at the end of the process we could buy ourselves something nice!

Don't care about interest rate as we would pay it off each month.

If anyone has any recommendations it would be much appreciated!

Thanks

JB

guest · Apr 01, 2009 8:11 am

westpack altitute. It comes with Amex and master card, Amex gives you double the points.
You should easily be able to get $500 worth of bunnings vouchers when you finish.

They sometimes have 1st year fees waived or bonus points to start.
The gold card version is better as it gives you extra protection and additional warrenties etc.

claego · Apr 01, 2009 8:13 am

Another vote to Westpac Attitude..
it is good

to_do_list · Apr 01, 2009 8:21 am

ANZ Rewards...it's one of the few cards that let's you redeem points for folding stuff at the same rate as vouchers...and then you're not limited to where you spend the money...or can pop it back in the account. I've never paid a fee on either the card or the rewards system...it's amazing what banks will "waive" if you ask.

House-To-Be · Apr 01, 2009 9:11 am

Another one here for Westpac Altitude. We have the Amex and Mastercard too. We've bought heaps using our reward points, all top quality brands. I use the Amex wherever its accepted and the M/card everywhere else. It doesn't take long to accumulate the points :wink:

freebo · Apr 01, 2009 9:12 am

Citibank Platinum visa - is the card we use it cost a little in yearly fees but our points pay for that plus we get a couple of hundred in vouchers a year as well. I would only use this card if you pay your account off in full each month.....We like the extra warranty you get which we have used a couple of times now..... The thing we most hate is the overseas call center but it has been a good card for us over the last 6 years..

Check out this site http://www.infochoice.com.au/

we use it every 6 months to see whats new...

good luck

mrs_smith · Apr 01, 2009 9:39 am

I was happy with NAB Gold rewards as it had the highest rate of rewards for spending...

BUT

Now we're forced onto the Qantas rewards, and the rate of rewards has complete dropped if that makes sense (you get less rewards for each $) and you have to pay more points to get the same rewards, so it's not that great anymore. I think 3 banks are on the system and it's almost identical spend for points ratio. The rewards are still good though, it's just a disappointment from the old program which was just so excellent. Can you tell I'm still annoyed about it?

Commonwealth from memory was the cheapest in fees (although on our package, we don't pay the fees on our card) but it took forever to get any reward.

The best way to work out wha is best for you is to: Go the the bank's website, see how many points you get per $ spent, (that's what I did), the annual fee, and pick a reward they all have to compare. (Eg. I picked the $50 credit for the card as all banks had that).

Put it in a spreadsheet. Work out the points you would get for your average credit card spend a year (this changes greatly for everyone). Then work out how much money you get back in rewards (eg. how many $50 credits you would get) and then take this difference away from the annual fee. The one with the biggest positive difference is what you should go for. Cards with higher annual fees usually give you more points per $ and it's easier to spend, but if you don't use the card much, you may not cover the annual fee at all.

Sorry if that didn't make sense, it's before 8am over here and I'm still not awake :lol:

stonecutter1309 · Apr 01, 2009 9:43 am

Westpac Altitude here - according to Choice it's only worthwile if you spend $2k min per month.

rosewood · Apr 01, 2009 3:12 pm

The anz is a good rewards program, the commonwealth is not as good .Anz ask for less points for the same thing. eg shopping voucher for say gracebros less points for $100.00 voucher than the commonwealth & it's a few thousand points difference.

Zerosignal · Apr 02, 2009 7:47 pm

Westpac Altitude here, it won Money Magazines credit card of the year -2009.

Actually the range of Altitude cards won 1st (Platinum), 2nd (Classic Card), 3rd (Gold) so either Westpac brought the mag out or the program is good!

If your going to be building I would seriously consider the platinum card it accumulates 3 points per dollar I believe.

http://altituderewards.com.au/public/in ... e_platinum

http://www.westpacinfo.com.au/platinum/

Minx · Apr 03, 2009 8:48 pm

I'm with Westpac Altitude. I also have the platinum however to be eligible for that you have to earn a certain amount.

maison09 · Apr 15, 2009 10:43 am

Wow! I vote to Westpac Altitude. Congratulations!

maison de credit

James Bond · Apr 15, 2009 11:19 am

I am now the proud owner of a Westpac altitude.

Thanks for your recommendations!

JB