Uncapped Frequent Flyer Credit Cards with No Points Capping & No Points Expiry

Information verified correct on September 27th, 2016
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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.

While exploring your different options for this type of credit card, it is also important that you compare its other features with other similar offers to find the greatest option for you.
ANZ Frequent Flyer Black

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

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Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
ANZ Frequent Flyer Black
Earn up to 75,000 bonus Qantas Points after you make your first eligible purchase within 3 months of card approval plus earn 1.5 points per $1 spent. Easier payments with Apple Pay.
1.5 0.75 75,000 bonus points $425 p.a. Go to site More info
American Express Velocity Escape Card
Enjoy 7,500 bonus Velocity Points when you meet the minimum spend requirement and earn up to 2 points for every $1 you spend, together with a $0 annual fee.
1 0 7,500 bonus points $0 p.a. Go to site More info
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy 0% p.a. for 12 months on balance transfers and receive a complimentary Virgin Australia domestic economy return flight every year.
1 0 10,000 bonus points $195 p.a. Go to site More info
St.George Amplify Platinum
This card features a balance transfer rate of 12% p.a. for 18 months, 1% p.a. for 12 months on purchases and an annual fee waiver for the first year.
0 1 $0 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info
American Express Velocity Platinum Card
Enjoy up to 50,000 bonus Velocity Points when you meet the minimum required spend and earn up to 3 rewards points per dollar spent. Also receive a complimentary return flight every year.
1 0 50,000 bonus points $349 p.a. Go to site More info
ANZ Rewards Platinum
Receive 50,000 bonus Reward Points after your first eligible purchase is made within 3 months of card approval and earn up 2 Reward Points for every dollar spent on purchases.
2 1 50,000 bonus points $95 p.a. Go to site More info
American Express Qantas Ultimate Card
Enjoy 50,000 bonus Qantas Points when you meet the minimum spend requirement and earn up to 3 Qantas Points for every $1 spent. Also enjoy a complimentary return flight every year.
1 0 50,000 bonus points $450 p.a. Go to site More info
American Express Qantas Discovery Card
Enjoy up to 7,500 bonus Qantas Frequent Flyer Points and 1 point per $1 spent, plus 0% p.a. on balance transfers for 12 months, all for a $0 annual fee.
1 0 7,500 bonus points $0 p.a. Go to site More info
ANZ Rewards Credit Card
Get 25,000 bonus Reward Points after your first eligible purchase is made within 3 months of card approval and earn 1.5 points per dollar spent.
1.5 0.75 25,000 bonus points $80 p.a. Go to site More info
American Express Velocity Business Card
A truly dedicated business rewards credit card which will allow you to earn up to Velocity Rewards points. Download all your card expenses in a format readable by Quicken, MYOB, Microsoft Excel and more, helping you simplify your quarterly BAS reporting.
1 0 $249 p.a. Go to site More info
American Express Qantas Premium Card
Earn as much as 30,000 bonus Qantas Points when you meet the minimum spend requirement. Enjoy frequent flyer benefits including uncapped Qantas Points per $1 spent, complimentary travel insurance and Qantas Club lounge invitations.
1 0 30,000 bonus points $249 p.a. Go to site More info
American Express Gold Business Card
No cap or expiry of points while your account is active.
1 0 10,000 bonus points $169 p.a. Go to site More info
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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?

Pros

  • 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.

Cons

  • 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.
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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.

Start comparing uncapped frequent flyer credit cards (with no points capping or expiry)

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.

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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.

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4 Responses to Uncapped Frequent Flyer Credit Cards with No Points Capping & No Points Expiry

  1. Default Gravatar
    Annie | May 7, 2016

    Which cards do not have a cap on frequent flyer points?

    • Staff
      Ysa | May 9, 2016

      Hi Annie,

      Thanks for your question.

      Please refer to the “Comparison of Frequent Flyers Credit Cards with Uncapped Points and No Expiry” section of this page for a list of credit cards with no capping and points expiry.

      Cheers,
      Ysa

  2. Default Gravatar
    Wizzy | July 27, 2015

    Hi,

    We’ve had a credit card for as long as I can remember, but have only really used it when required. We are now looking for the most rewarding credit card for redemption on flights and are hoping you could assist? We would spend between $5000 and $8000 a month, and would use most of the points each year or ever second year.
    We were looking at the ANZ Black Frequent Flyer, is this best suited? Any assistance would be appreciated!!

    • Staff
      Sally | July 27, 2015

      Hi Wizzy,

      Thanks for your inquiry.

      Please note that finder.com.au is an online comparison service and is not in a position to recommend specific products, providers and services. For a list of frequent flyer credit cards, you can compare from this page.

      Cheers,

      Sally

Credit Cards Comparison

Rates last updated September 27th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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