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

Credit Card Deals

	Interest Rate p.a.	Balance transfer Rate p.a.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer	20.99% p.a.	0% p.a. for 8 months
HSBC Platinum Qantas Credit Card	19.99% p.a.	0% p.a. for 6 months
American Express Qantas Discovery Card	20.74% p.a.

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.

Key Features 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. 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
• Frequent Flyer points is usually 1 point for each dollar spent

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.

Comparison: Uncapped Frequent Flyer Credit Cards with No Points Capping or Expiry on Points

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			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	American Express David Jones	Earn up to 4 reward points per dollar and choose either membership rewards or Qantas Frequent Flyer as your rewards program.	20.74% p.a.		$99 p.a.
	American Express Qantas Discovery Card	Earn 7,500 bonus frequent flyer points plus a low annual fee.	20.74% p.a.		$0 p.a.
	ANZ Frequent Flyer	Earn 1.00 Frequent Flyer point for every $1 spent on your American Express card, and 0.50 point for every $1 spent on your Visa.	19.39% p.a.		$95 p.a. (which includes a $40 annual account fee and a $55 Rewards Program services fee)	20.99% p.a.
	American Express Velocity Escape Card	Bonus 7,500 bonus Velocity points if you spend $300 in the first 3 months. Plus $0 annual fee.	20.74% p.a.		$0 p.a.
	American Express Velocity Platinum Card	Earn 1.50 Velocity Points per $1 spent with the Virgin Australia group of Airlines.	20.74% p.a.		$349 p.a.
	American Express Velocity Gold Card	Earn 15000 bonus Velocity Rewards points if you spend $500 within the first 3 months.	20.74% p.a.		$99 p.a. annual fee for the first year ($199 p.a. thereafter)
	American Express Velocity Business Card	A truly dedicated business rewards credit card. Download all your card expenses in a format readable by Quicken, MYOB, Microsoft Excel and more, helping you simplify your quarterly BAS reporting.			$249 p.a.
	ANZ Frequent Flyer Platinum American Express/Visa	Earn 1.50 Frequent Flyer points for every $1 spent on your American Express card, and 0.50 point for every $1 spent on your Visa. Uncapped Frequent Flyer earnings. Complimentary International travel & medical insurance.	19.39% p.a.		$295 p.a. (which includes a $240 annual account fee and a $55 Rewards Program services fee)	20.99% p.a.

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:

• Number of Frequent Flyer Points per dollar spent
• Any other reward points
• Annual card fees:
• Main cardholder
• Supplementary cards
• Balance transfer:
• Costs
• Period
• Rate
• 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.

Eligibility Criteria

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.

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Frequent Flyer Rewards Deals

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			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	Virgin Australia Velocity Flyer Card - Balance Transfer Offer	A low balance transfer offer with a low annual fee.	20.99% p.a.	0% p.a. for 8 months	$64 p.a. annual fee for the first year ($129 p.a. thereafter)	20.99% p.a.
	HSBC Platinum Qantas Credit Card	Receive 20000 Bonus Qantas Frequent Flyer points plus a balance transfer offer.	19.99% p.a.	0% p.a. for 6 months	$199 p.a.	21.99% p.a.
	American Express Qantas Discovery Card	A no annual fee frequent flyer credit card from American Express. Earn 1.00 Qantas Frequent Flyer point per $1 spend.	20.74% p.a.		$0 p.a.

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Credit Cards Comparison

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			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	ANZ Low Rate	A low rate on purchases, balance transfer and a low annual fee.	13.14% p.a.	0% p.a. for 9 months	$58 p.a.	21.49% p.a.
	HSBC Credit Card	No annual fee for the life of the credit card. Plus a low balance transfer offer.	17.99% p.a.	0% p.a. for 6 months	$0 p.a.	21.99% p.a.
	Bankwest Zero Platinum MasterCard	Exclusive Offer to Credit Card Finder. No annual fee credit card with platinum benefits.	17.99% p.a.	0% p.a. for 9 months	$0 p.a.	21.99% p.a.
	Commonwealth Bank Low Rate Credit Card	A low interest rate offer on purchases and balance transfers.	0% p.a. for 5 months (reverts to 12.99% p.a.)	5.99% p.a. for 5 months	$78 p.a. ($48 for qualifying customers)	21.24% p.a.
	ANZ Platinum Credit Card	No annual fee for the first year and a balance transfer offer.	19.39% p.a.	0% p.a. for 9 months	$0 p.a. annual fee for the first year ($87 p.a. thereafter)	20.99% p.a.

* 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.