Best points credit cards with an annual fee of A$300 or less (October 2026)

Ranked by net value (yearly points minus the annual fee) at A$4,000/mo, Economy · Short-haul. We compared all 21 eligible cards.

  1. 1American ExpressThe American Express Velocity Escape Plus CardEarns Velocity Frequent FlyerPoints a year39,300Annual feeA$95Net value+A$587.25
  2. 2American ExpressThe Qantas American Express Discovery CardEarns Qantas Frequent FlyerPoints a year37,700Annual feeA$0Net value+A$557.96
  3. 3American ExpressThe American Express Essential Rewards Credit CardEarns Velocity Frequent FlyerPoints a year34,600Annual feeA$108Net value+A$492.66
  4. 4American ExpressThe Qantas American Express Premium CardEarns Qantas Frequent FlyerPoints a year49,700Annual feeA$249Net value+A$486.56
  5. 5American ExpressThe American Express Platinum Edge Credit CardEarns Velocity Frequent FlyerPoints a year35,800Annual feeA$195Net value+A$426.49
  6. 6Qantas MoneyQantas Money Everyday Credit Card (Qantas Premier Everyday)Earns Qantas Frequent FlyerPoints a year33,900Annual feeA$99Net value+A$402.72
  7. 7Bendigo BankBendigo Bank Qantas Platinum Credit CardEarns Qantas Frequent FlyerPoints a year28,800Annual feeA$149Net value+A$277.24
  8. 8ANZANZ Rewards PlatinumEarns Velocity Frequent FlyerPoints a year24,000Annual feeA$149Net value+A$267.64
  9. 9St.George (also BankSA, Bank of Melbourne)Amplify Rewards PlatinumEarns Velocity Frequent FlyerPoints a year28,300Annual feeA$250Net value+A$241.29
  10. 10ANZANZ Frequent Flyer PlatinumEarns Qantas Frequent FlyerPoints a year34,300Annual feeA$295Net value+A$212.64
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Based on issuer disclosures as of 2026-10-01. How we calculate

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