Rewards Cards for High Spenders: Maximize Your Benefits

The ANZ Rewards Black card is a powerhouse for those who spend big and pay off their balance each month. Its 2 points per A$1 on the first A$5,000 per statement and a whopping 180,000-point welcome package make it a top choice for high earners. However, the A$375 annual fee and the high minimum credit limit mean it's not accessible to everyone. If you're looking to transfer points to airline partners, this card is an excellent option—just be sure you're not carrying a balance, as the 20.99% purchase rate is steep.

For Coles shoppers, the Coles Rewards Mastercard is unbeatable with no annual fee and 2x Flybuys points at Coles supermarkets. The 20,000 welcome bonus points are a nice perk, but the card's low earn rate outside Coles and the 21.49% APR mean you'll need to be strategic to maximize its benefits. It's perfect for those who do the bulk of their shopping at Coles and pay off their balance in full.

The Citi Rewards Card offers a solid introduction to the world of rewards cards, especially with its first-year fee waiver. Earning 2x points at eligible supermarkets and offering transferable points to frequent flyer programs, it's a versatile choice. However, the A$149 annual fee after the first year and the A$35,000 minimum income requirement might deter some. Consider this card if you're interested in exploring Citi's rewards ecosystem without an upfront cost.