Credit Card Rewards
You want the best credit card, but what's wrong with getting a little extra on the side? The more you think about it, you're going to have to spend some money anyway so you might as well be rewarded for it. Enter the bonus-point filled world of credit card rewards.
You're not going to get the lowest rate on these cards, but you should still expect interest-free days on purchases, and as long as you're paying off your card in time, you can achieve great benefits from this form of credit card. Before you go on, take a moment to consider the type of discount most appropriate to you. Credit card providers sometimes offer specific awards programs, such as airline rewards credit cards or fuel credit cards, which we have covered in the respective sections.
However, if you want the best value card that returns the most points for a variety of uses, then this Best Credit Card pick is for you.
The Best Credit Card Rewards Program
The Commonwealth Awards Credit Card offers great bang for buck when it comes to redeeming credit card rewards. While the current interest rate isn't quite the lowest in its field, it is still very competitive and remains lower than other comparable cards. Besides, if you're using this card a lot to rack up rewards, you're probably paying most purchases off in the 55 days interest-free period anyway.
The annual fee is low, but the reason the Commonwealth Awards Credit Card is the Best Credit Card pick is because it allows the best opportunities to earn the most rewards and then redeem them on a wide variety of products.
A Closer Look At The Points Offered
On face value, you get the 'one point for one dollar' that the top cards offer, but with Commonwealth Awards, you can earn two, three or four points by shopping with a solid list of bonus partners. Plus, you also earn two to one or better when using the Travel Plus scheme, which also offers its own incentives.
If you're not happy with an awards list that would overload Santa's sleigh on Christmas eve, you can also trade points for Virgin Velocity or Qantas Frequent Flyer points or even use them as cash-back onto your card. If you're keen to help yourself to some awards early, you can choose to pay a portion of the price in awards points and cover the rest with cash.
Generally, the points needed to redeem awards are better or at least comparable to what other credit card providers are offering. We're not saying every single redemption offered is at the lowest points available (if you really want that electric shaver or designer handbag, then we're not going to stand in your way from finding the lowest value), but overall, the 'value for points' offered is at the forefront of the market.
Check for bonus points offers just for joining (sometimes offered for joining online), and also consider how many points you expect to earn per year. Commonwealth has a current cap at 50,000 for the Awards card, but you can earn more with the Commonwealth Gold and Platinum credit cards, which also offer great value and exposure to the rewards scheme.
Credit Card Rewards
You want the best credit card, but what's wrong with getting a little extra on the side? The more you think about it, you're going to have to spend some money anyway so you might as well be rewarded for it. Enter the bonus-point filled world of credit card rewards.
You're not going to get the lowest rate on these cards, but you should still expect interest-free days on purchases, and as long as you're paying off your card in time, you can achieve great benefits from this form of credit card. Before you go on, take a moment to consider the type of discount most appropriate to you. Credit card providers sometimes offer specific awards programs, such as airline rewards credit cards or fuel credit cards, which we have covered in the respective sections.
However, if you want the best value card that returns the most points for a variety of uses, then this Best Credit Card pick is for you.
The Best Credit Card Rewards Program
The Commonwealth Awards Credit Card offers great bang for buck when it comes to redeeming credit card rewards. While the current interest rate isn't quite the lowest in its field, it is still very competitive and remains lower than other comparable cards. Besides, if you're using this card a lot to rack up rewards, you're probably paying most purchases off in the 55 days interest-free period anyway.
The annual fee is low, but the reason the Commonwealth Awards Credit Card is the Best Credit Card pick is because it allows the best opportunities to earn the most rewards and then redeem them on a wide variety of products.
A Closer Look At The Points Offered
On face value, you get the 'one point for one dollar' that the top cards offer, but with Commonwealth Awards, you can earn two, three or four points by shopping with a solid list of bonus partners. Plus, you also earn two to one or better when using the Travel Plus scheme, which also offers its own incentives.
If you're not happy with an awards list that would overload Santa's sleigh on Christmas eve, you can also trade points for Virgin Velocity or Qantas Frequent Flyer points or even use them as cash-back onto your card. If you're keen to help yourself to some awards early, you can choose to pay a portion of the price in awards points and cover the rest with cash.
Generally, the points needed to redeem awards are better or at least comparable to what other credit card providers are offering. We're not saying every single redemption offered is at the lowest points available (if you really want that electric shaver or designer handbag, then we're not going to stand in your way from finding the lowest value), but overall, the 'value for points' offered is at the forefront of the market.
Check for bonus points offers just for joining (sometimes offered for joining online), and also consider how many points you expect to earn per year. Commonwealth has a current cap at 50,000 for the Awards card, but you can earn more with the Commonwealth Gold and Platinum credit cards, which also offer great value and exposure to the rewards scheme.
