More and more credit cards are issued every year but there is still no such thing as guaranteed approval when it comes to card applications.

But there are certain credit cards that will increase your chances of getting a credit card, whether you are new to credit or dealing with a bad credit history. Readmore

Rewards are one of the fastest-growing credit card options, with more and more people looking for benefits from their plastic.

Unlike credit cards that play on essential features, such as low interest options, reward cards add a new layer through points or percentage-based benefits.

There is also a wide range of choice for what can be redeemed, from gift cards and homewares to events, holidays and the ever-popular frequent flyer points.

But the variety of credit card rewards can make it hard to decide on a particular card, so to give you an idea of what kind of card to look for, here is a run down of the best credit card reward options currently in Australia.

Brand-Based Rewards Cards

Reward cards that are partnered with a particular brand, like the Woolworths Everyday Money and Citibank BP give people rewards for shopping loyalty.

The Citibank BP credit card is a good example because it offers 5% cash back for fuel and other purchases made at BP service stations and 0.5% cash back everywhere else.

These credit cards are not as popular as the more established issuer reward programs or frequent flyer cards but they can help you save a lot of money on certain everyday purchases.

Credit Card Issuer Reward Programs

Almost every major credit card issuer in Australia has established a credit card rewards program for rewards card holders.

Some of these programs, like the esteemed American Express Membership Rewards, offer both in-house rewards and point transfers to frequent flyer programs.

This kind of choice gives people the chance to choose exactly what they want from their points, whether it is savings on a flight or a new gadget, making them a good choice for anyone new to credit card rewards.

Frequent Flyer Credit Card Rewards

Frequent flyer credit cards are probably the most popular reward option in Australia, with Qantas, Jet Star and Virgin loyalty programs all connected to a range of cards.

As well as offering points for every $1 spent, some of these cards, like the Virgin High Flyer also offer complimentary flights every year and platinum credit card benefits to add even more value to the card.

The main thing to be aware of with frequent flyer credit cards is that they often have high annual fees, not to mention interest rates, so it is important to look at all the features before deciding whether it will be an asset to you.

Credit card rewards have the potential to save you a lot of money on things that you want, but looking at a range of different options will help you make a mre informed decision. That way you will be more likely to get a good credit card deal and make the most of the rewards as well.

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