Let your rewards points take you to more places by using a frequent flyer credit card that does not cap your points earning capability or let them expire
If you want the full benefit of a frequent flyer credit card, you could consider one that allows you to earn unlimited points without ever expiring. Some will limit how much you can spend to earn points, while others may cap the number of points you are able to earn. Ideally, a frequent flyer credit card will allow you to keep on spending and banking points until you are ready to redeem them.
ANZ Frequent Flyer Black
Earn up to 75,000 bonus Qantas Points within the first three months when you meet the minimum required spend. Also earn 1.5 points per $1 spent, get complimentary airport lounge access, 24/7 concierge, and enjoy a annual fee in the first year.
- $425 p.a. annual fee
- 19.99% p.a. on purchases
- Cash Advance Rate of 21.49% p.a.
- Up to 55 days interest free
- Minimum Income Requirement of $75,000 p.a.
Comparison of Frequent Flyers Credit Cards with Uncapped Points and No Expiry
Rates last updated September 27th, 2016.
- ANZ Rewards Platinum
Receive 50000 bonus Rewards Points
June 15th, 2016
- St.George Amplify Platinum
Balance transfer has been extended to 29 Sep 2016 + new offer of 1% for 12 months on purchases.
June 24th, 2016
- American Express Qantas Discovery Card
7,500 bonus points and 0% p.a. on balance transfers for 12 months
August 17th, 2016
What are the benefits of using a frequent flyer card with uncapped points and no expiry?
Australians who travel often know the high cost it can incur. Being a part of a frequent flyer program and earning points can go a long way in cutting those costs if you know what to look for:
Maximise your earning potential
If you typically spend large amounts using credit during the year, you will miss out on that spending earning you points if you reach the limit before the year is finished.
Save up for larger rewards
With no expiry on points earned, you have the opportunity to save up for larger rewards or even get discounts on more than one ticket for your travels.
Gold card perks
If you qualify for a gold frequent flyer card with no points capping or expiry you will typically also get a better point to dollar ratio, an interest-free purchase period and a competitive interest rate.
What are the pros and cons of using an uncapped frequent flyer card with no points expiry?
- Save your points. With this type of frequent flyer card there is no pressure to travel every year. Instead, you can save your points and use them towards multiple travel rewards on one trip.
- Maximum earning potential. No capping means that every dollar you spend while using the card is going towards building your rewards account.
- Multiple rewards. When you are able to save your points you can cash them in later for multiple flights and other rewards rather than just on one ticket.
- Bonus points. Some cards will offer you bonus points, either in a large lump sum when meeting certain criteria, or as double or triple points when shopping with affiliated retailers. With no points capping you can take full advantage of these bonus points.
- Spending for the sake of earning points. If you’re catering your spending to redeem a particular reward, you may find yourself using your credit card unnecessarily just to earn points.
- Points earning and redeeming limitations. Be wary of frequent flyer cards that do not cap points, but also do not allow you to redeem more than a certain amount at a time.
- Airline restrictions. When looking into a frequent flyer program that does not cap your points, ensure that the airlines that you can redeem them with are compatible with where you normally travel.
- Point earning. To get the maximum benefit from a no points capping and no expiry credit card, you will want to find one that allows you to earn points with shopping as well as travelling.
What other features should I consider when comparing frequent flyer cards with uncapped points and no points expiry?
A rewards credit card, even one with no points capping or expiry, is only as valuable as its other features. Look into these closely before deciding which card is right for you:
- What is the annual fee? Annual fees are typically higher with a rewards credit card that does not cap point earning.
- Is there a balance transfer offer? The ability to save money by consolidating debt will help you enjoy those rewards points even more.
- Cash advance rates. Not only will a cash advance using your credit card incur higher rates, you may also be charged fees for the service.
- Interest rates on purchases. Rewards credit cards are typically at the high end of the competitive interest rate scale.
- Complimentary insurance. Not having to pay for traveller’s insurance can save you a lot of money when booking a trip.
- Points per dollar ratio. The number of points you earn for spending will make a big difference in how many you are able to accumulate over the course of a year.
What is the eligibility criteria?
Like with any credit card, you will have to be able to meet the issuer’s eligibility requirements to be considered for any type of rewards card. You will also have to provide documentation when you apply to help prove that those requirements are being met:
- Age. For most, the minimum age requirement is 18 years old.
- Residency. Only a select few cards are available for those holding a visa to reside in Australia, with the majority you will need to be a permanent Australian resident.
- Identifying documents. An Australian driver’s licence, passport or other identifying documents are needed in order for an application to be approved.
- Income documents. With some cards there is a minimum income requirement. You can use payslips or tax documents to show how much you are earning monthly.
The uncapped frequent flyer credit card with no points expiry allows for you to maximise your participation in these types of programs. Just ensure that you are also taking into account the other features and benefits that make a credit card beneficial.Back to top
Frequently asked questions
How do I begin to compare credit cards that offer no points capping?
Start by comparing the cards on the table found on this page. After you have chosen a few that seem beneficial explore them in more detail by clicking on the relevant link.
If I only redeem a portion of my points will the rest stay in my account?
Yes, no expiry means that they are there until you find something useful to apply them towards.
If I have enough points can I use them towards more than one airline ticket?
Yes, you should be able to purchase as many tickets as your points balance allows.
What will complimentary traveller’s insurance cover and for how much?
This will depend on the specific credit card, but you should find that information when further comparing cards by reading the specific details.