Cheapest Rewards Credit Cards

While many people will qualify for a range of credit card reward offers, not all of them will offer the value for money that they claim.

In many cases it will come down to how the card is used and maintained and people who use their card regularly but often carry a balance may still be better off with a low interest option that allows them to save money more directly.

But if you are thinking of upgrading to a rewards card, it may be good to look at more affordable options, like the cards featured below, that will help you ease into this kind of card use without losing a lot of money in the process.

Citibank Clear Platinum Card

The Citibank Clear Platinum credit card provides a good balance between rewards and low interest rates with up to 55 days interest free and an ongoing 11.99% p.a. on purchases.

While this card does not offer a points program, there is a range of special offers and privileges, including discounts when you shop online, dine, book hotel accommodation and more, as well as complimentary insurance offers.

The annual fee is $49 for the first year before going back to $99, which is still relatively low compared to other rewards cards, so providing all the requirements are met, this card could be the ideal upgrade to rewards.

St George Amplify Credit Card

For people who want a choice between a frequent flyer program and a card-specific rewards program, the St George Amplify credit card offers both.

Cardholder’s earn one reward point for every $1 spent on the card and can choose between St George’s Amplify Rewards or Amplify Qantas Rewards depending on what they want to get out of the program.

The interest rate of 18.74% p.a. for purchases is slightly above average, but the $79 annual fee is much lower than most cards that can link to Qantas’ Frequent Flyer program, so the benefits have a lot of potential to outweigh the costs.

Virgin Flyer Credit Card

As a brand-specific rewards card option, the Virgin Flyer credit card is best suited to people who frequently fly with Virgin and are part of the Velocity rewards program.

This card is excellent value for money, offering one point per $1 spent on the card and up to four free domestic flights a year, as well as a signup bonus. The biggest disadvantage to the Virgin Flyer is it’s high purchase rate of 20.99% p.a., but with up to 44 days interest free it could still be a great option if you prefer to fly with Virgin.

Any rewards card can be worth the interest rates and upfront costs, but it is good to know what kind of affordable options are out there. These cards could set the standard for other reward card comparisons so that you can find the best credit card offer for your lifestyle needs.