Frequent Flyer Credit Cards with No Points Capping (Unlimited Points Earning) & No Points Expiry
Frequent Flyer (FF) Credit Cards with No Points Capping & No Points Expiry truly rewards you for every dollar spent on the card, unlike other FF cards available today. Very often reward points are capped, and therefore cardholders are not fully rewarded for their loyalty in using their credit card. With unlimited points which can be accumulated and do not expire if the card is kept active and current, it increases the value of the card even if flying is not done as regularly. Cardholders, for example, can therefore spend and accumulate points, and redeem it on long haul flights which they only plan to undertake in 2 years time.
Uncapped Frequent Flyer Credit Card Offer
The Qantas American Express Discovery Card is a credit card that allows you to earn Qantas Points with a $0 Annual Fee with no points capping.
- $0 p.a. annual fee
- 20.74% p.a. on purchases
- 0.99% p.a. for 6 months with 1% balance transfer fee on balance transfers
- 44 days interest free
- Minimum Income Requirement of $35,000 p.a.
Features and benefits of the Credit Card
Although no points capping and no expiry points are a unique offering to this card, the FF feature isn’t. In fact, various credit cards with FF rewards are on offer to the consumer from different banks, each with their own bonuses and introductory offers. Each has their own eligibility criteria with personal income and credit rankings usually the primary consideration factor. Gold and Platinum cards are generally a standard offering from most banks, and offer cardholders premium rewards.
Gold Frequent Flyer Cards:
Typically, a Gold Frequent Flyer Credit Card with No Points Capping & No Points Expiry will have the following to offer:
- Competitive purchase interest rate is- currently around 20%p.a
- Interest free purchasing period is usually around 45 days
- Qantas Points is usually 1 point for each dollar spent
Look out for extra bonuses:
Besides this, banks could offer the following to make their credit cards appear more lucrative:
- Sign up bonuses or introductory offers
- Complimentary insurance and warranties
- Balance transfer options
- Other reward programs attached to the card
Individuals should, however, always consider the long term cost of the credit card, and not only be persuaded by lucrative introductory offers as they are only limited.
Key Considerations When Choosing a Credit Card
Most credit cards with a frequent flyer reward program linked to it have a similar offering to the potential cardholder. Typically, the following should be considered when opting for a Frequent Flyer Credit Card with No Points Capping & No Points Expiry:
- Annual card fees:
- Main cardholder
- Supplementary cards
- Balance transfer:
- Number of Qantas Points per dollar spent
- Any other reward points
- Interest rates charged on purchases
- Cash advance rates
It is important to compare various cards on offer and to look beyond lucrative introductory offerings. Cardholders, for example, may be charged allot more in interest after the introductory period has expired, or bonuses offered may be subject to certain terms and conditions such as a specific amount of spending within in a certain period of time.
In order to be considered for a Frequent Flyer Credit Cards with No Points Capping & No Points, individuals will be required to meet certain qualification criteria. These usually include:
- Individuals must be aged18 years and older, and permanently reside in Australia
- Earning a minimum annual income of usually around $35,000+
- Having a good credit record
Credit limits awarded to individuals are primarily decided by credit ratings and income levels, and could therefore differ from individual to individual.
A Final Word
Frequent Flyer Credit Cards with No Points Capping & No Points Expiry are becoming one of the main consideration factors as cardholders are fully rewarded for their loyalty. As long as the credit card is responsibly managed, cardholders can accumulate points over a number of years and redeem the points on long haul flights, for example, in order to save on ticket costs.