Best Rewards Credit Cards for January 2025

Our pick for 🏆

Best All-Rounder

Credit Card

American Express Ultimate

Improve your travel life with free flights, up to 4 lounge passes each year and free travel insurance.

Why we chose the American Express Ultimate Credit Card

This is a card with a bigger annual fee but a bigger set of travel perks, too. The $450 Travel Credit can help offset the annual fee each year, which is a big win if you’re a regular Qantas flyer.

Pros:

  • 50,000 bonus Qantas Points
  • 1.25 Qantas points per $1 spent on everyday transactions (but after a total of 80,000 Qantas Points is earned in a calendar year, the everyday earn rate will change from 1.25 to 1 Qantas Point per $1 spent)
  • Earn 0.5 points per $1 on government bodies.<
  • Complimentary $450 Qantas Travel Credit each year
  • Domestic and international travel insurance
  • 4 complimentary lounge passes each year

Cons:

  • High interest rate of 23.99%
  • Points are uncapped, but the earn rate does drop to 1 Point per $1 after you’ve earned 100k in a calendar year

▼ Terms and conditions apply.

Earn 50,000 bonus Qantas Points when you apply online by 14 January 2025, are approved, and spend $3,000 on eligible purchases on your new card within the first 3 months. This offer is for new Amex card holders only – if you’ve had an Amex card within the last 18 months you’ll be ineligible for the bonus points.

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