Do my rewards points expire when my credit card does?

Credit-cards-in-wallet

If you’ve built up a decent amount of credit card rewards points, you’ll want to make sure you get to use them. Each credit card offers a different rewards system - with some cards allowing you to automatically earn Qantas Points, while other companies have their own points systems where you can earn points and later convert them into rewards - such as frequent flyer points.

But if your credit card expires, what does that mean for your hard-earned points?

Your credit card’s expiry date tells you when your physical card is about to expire, not your credit account, so as long as your rewards credit card account is open and active with your banking institution, your rewards points should be safe.

Can I lose my rewards points?

With some rewards programs, points do have expiry dates, so even if your card hasn't expired, you should check the policies of your credit provider to be sure that your points are safe long-term.

Some credit card companies also have caps on how many reward points you can earn within a certain time period. Make sure you double-check your card’s policy if you’re concerned that your dollars could be spent unrewarded.

Also, if you do decide to close your credit card account completely, or it gets closed due to inactivity, your points may still live on. Rewards points are sometimes available for a short amount of time after your account is deactivated, so check first before assuming that they are gone for good.

If you are interested in getting a new credit card that earns you rewards points, there are some options for you to check out below.

Rewards Credit Cards - last updated 2 July 2022

Search promoted rewards credit cards below or do a full Mozo database search . Advertiser disclosure
  • Qantas Ultimate Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $450
    100,000
    1.25 points uncapped

    Earn up to 100,000 bonus Qantas Points (75,000 bonus Qantas Points when you apply online by 23 August 2022, are approved, and spend $3,000 on your new Card within the first 3 months, plus an additional 25,000 Qantas Points in your second year upon fee renewal). T&Cs apply. New Card Members only.

    Details
  • Apply By 31 Dec 2022
    Altitude Platinum
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $200 $99 in the first year
    70,000
    0.5 points up to $100,000/year

    Earn up to 75,000 bonus Qantas Points ($4k min. spend in the first 90 days on eligible purchases). 0% p.a. for 24 months on balance transfers requested at card application. 1% BT fee applies. $49 First Year Annual fee and Rewards fee. New cards only. T&C's and exclusions apply.

    Details
  • Platinum Edge Credit Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Membership Rewards
    $195
    30,000
    1 point uncapped

    Receive a $200 credit on your Card when you spend $200 or more at Amazon.com.au within the first 3 months plus get 30,000 Bonus Membership Rewards Points when you apply online by 27 July 2022, are approved and spend $3,000 within the first 3 months. T&Cs apply. New Card Members only.

    Details
  • Qantas Premium Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $249
    30,000
    1 point uncapped

    Receive 30,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. T&Cs apply. New Amex Card Members only. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2021^.

    Details

^See information about the Mozo Experts Choice Credit Card Awards

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