We generally spend about $3000-$5000 a month on our credit card and then subsequently pay the whole lot off before the end of that statement period. We do this to avoid the transaction fees on our standard account.

To date, we have always used a really low interest (10%), no annual fees card to run these transactions on. However, I have constantly been looking at other people's use of Qantas Frequent Flyer linked credit cards. They seem to have a $100 annual fee and quite high interest rate associated with them (20%).

I'm figuring, considering that we always pay off before the end of the statement period then we would never get charged interest anyway, so the only difference would be the annual fee, for which we would run up points.

Any suggestions on which cards are good for points?

Oh, and which schemes are the best, is QFF the best value for money?

this might help mate http://www.creditcardfinder.com.au/?...oogle_cccp_ppc

thanks, yes very helpful. It's just I struggle to understand when "rewards points" are and aren't QFF points

We have a Citibank Platinum Visa that has no annual fees (although has $19 QFF fee) and gives 1 QFF for S1 spent - with no limit. I'm not sure if it is still available. We put everything on this card - and I mean everything and have had loads of free flights out of it. QFF might not be the best points to collect but as we live in Australia, is probably the most relevant.

Citibank offering 50,000 points for sign up right now... So after 2 months spending at your rate you'd have enough to get to the UK!

Its an expensive card, but if you spend $5k a month you WILL get your vaule in QFF points and it includes a rudimentary travel insurance coverage (good enough for UK travel - probably not so flash for more 'exotic' locales)

Ohhhh, I'll look at that one tonight I think

When we built our house, I got a card with a good points scheme and didn't care about the annual fee, as I knew I would be putting hundreds of thousands of dollars on the card. So I got Westpac Altitude, which has a great rewards system and a socking great big $150 or something annual fee. We got several thousand dollars worth of Bunnings vouchers with the points.

After we'd built the house, I didn't want to pay the annual fee, so I rang up to cancel the card, and they said if I stayed with them, they would let me off the fee for the next few years!

So I'm still putting everything on that card, and still getting the vouchers. Might put some solar panels on it soon

BB

You would be mad to pass up this offer.

http://www.americanexpressplatinum.c...ode=06D487C001

American Express Platinum card. Yes it's $900 for the annual fee, however you get 2 free supplementary card holders and they earn 1.5 points per 1$ spent.

Those points do not expire and can be transferred to any number of frequent flyer programs at any time. Qantas included but I've used mine for Virgin Atlantic flights as well and just dumped them into a newly opened Virgin Frequent flyer and spent them all.

Here's the big thing. 75,000 points for joining. Transfer that to your Qantas account straight away if you want !

You also get seriously good travel insurance for all card holders (you and supplementary) which will put most annual policies to shame. You need not book any travel on your card. It's in force all the time as a normal annual policy is.

You get free Priority Pass which gives you access to airline lounges including all Virgin Blue Lounges in Australia and of course heaps worldwide. You can take guests in with you for a small fee each.

It also includes automatic crash damage waiver for hire cars. Decline all that optional insurance.

Comes with a free Edge Platinum Credit card (normally 395$) which also gives you a free hotel room at selected 5 star hotels and a free return flight per annum. I just used the hotel room on a 1 bedroom suite as the Swissotel in Sydney.

The list goes on and you get back your $900 and then some just in benefits alone but the 75k for merely becoming a member is obscene as an offer.

Oh yes. And no interest, just pay it off monthly. Even if you get it for one year - it's worth it.

Have a look here for some info.

Being the FF points collector I am I signed up for one of these. Or at least I tried...I'm actually stunned by how rubbish Citibank are.

First time with the online app I got right to end of the form, hit submit and got a plain white screen. Left it a few days, thought maybe it submitted. Didn't hear anything so called up to check, they found the story difficult to understand and I was getting nowhere so thought I'd just try the online form again.

This time it worked...and I got a reference number which starts 20110313...strangely (or not) the date I filled in and tried to submit the form the first time.

So I get an automated email asking me to mail in or fax ID documents and recent payslips. It was very poorly constructed, no idea what combinations of docs were acceptable or how many payslips constitute recent. I responded to the email but it bounced.

Couple of days later someone calls me up asking where are the ID docs...they said only send 3 payslips + evidence of bank interest. I asked if it was possible to email this, they said they'd send an email which I could reply to.

No email forthcoming so I call up again. This person says I must submit passport, driving license, medicare card, copy of mobile phone bill, 3 payslips + bank statement! WTF!! Make up your effing tiny mind.

Then she changed her mind about the list again.

Over it, I told them to forget it...credit card sign up offers are on the up again and I'll find the bonus points elsewhere. Other than the 50k points I couldn't see anything that great about this card 1 mile / $ isn't that compelling.

I thought this was gold too...their online complaint / compliment form:

Your complaint/compliment: (max 500 words). Note: Please avoid punctuation and special characters when composing your message, i.e, .,?*!"-+. These characters are not recognised and messages that feature these characters will not be saved or processed.

What!????

You have to write 500 words using no punctuation at all...not even a full stop! (I know some people on here can manage it! )

If you do they'll bin your message!?

Bizarroland.

Methinks you were on a spam Citibank website.
Are you sure it wasn't hosted in Nigeria

Maybe it was haggis supper trying to scam his details!

I tried to sign up to Citibank on a similar offer a couple of years back and gave up in the end, I got emails telling me about the documents and like you I coukldn't make sense of them, then they rang me and wanted to speak to HR to confirm my employment - I told them it was government and the best they'd get was a letter but they said that wasn't good enough so I told them to forget it. I still get letters from them every so often 2 years on asking when I'm going to send them my ID - in spite of three phone calls telling them to forget it!!
Useless shower.