Why be restricted by artificial limits? Some credit cards will halve or even cut off your points earning potential when you reach a certain points cap each month. This could impact the number of points you could earn over the long term.
Luckily, there are a few card products that still offer what we call an ‘uncapped points earning potential’. This means that even if you’re a big spender one month, you’ll still get a full serve of points later on. Here is our overview of uncapped rewards credit cards.
Why choose an uncapped rewards credit card?
Credit cards with no points caps are perfect for business owners and other big spenders, who might put through more than $10,000 worth of expenses a month. Your points earning potential is only limited by your card credit limit and your monthly spend.
Without any caps on points, you could be on your way to your next reward booked with points, sooner.
Best American Express reward cards with uncapped points earn potential
As a premium card issuer, American Express has some of the most competitive card products on the market. Best of all, your points-earning ability is uncapped. Here are offers from Amex, covering both Qantas, Velocity and Membership Rewards cards.
The offers displayed on this page are selected from a range of products across pointhacks.com.au as at the time of publishing this article. The use of the terms “Best” is derived from a combination of the highest points offered on sign-up and/or on recurring spend, plus having uncapped points earn.
American Express Platinum Card
- Bonus points
- 220,000 bonus Membership Rewards Points¹
- Annual fee
- $1,450 p.a.
- Earn
- Earn 2.25 Membership Rewards points per $1 on all eligible purchases, except for spend with government bodies, for which you will earn 1 point per $1 spent
American Express Platinum Card
- Bonus Points
- 220,000 bonus Membership Rewards Points¹
- Annual Fee
- $1,450 p.a.
- Earn
- Earn 2.25 Membership Rewards points per $1 on all eligible purchases, except for spend with government bodies, for which you will earn 1 point per $1 spent
Enjoy a bespoke offer of 220,000 Bonus Membership Rewards Points when you apply online by 14 April 2026, are approved and spend $5,000 on eligible purchases on your new American Express Platinum Card within the first 3 months.
Qantas American Express Ultimate
Offer ends: 5 May 2026
- Bonus points
- Up to 100,000 bonus Qantas Points¹
- Annual fee
- $450 p.a.
- Earn
- 1.25 Qantas Points earned per $1 on eligible everyday purchases. 2.25 Qantas Points per $1 spent on selected Qantas products and services in Australia. 0.5 Qantas Point per $1 at government bodies in Australia. After a total of 100,000 Qantas Points is earned in a calendar year, the everyday earn rate will change from 1.25 to 1 Qantas Point per $1 spent.
Qantas American Express Ultimate
Offer ends: 5 May 2026
- Bonus Points
- Up to 100,000 bonus Qantas Points¹
- Annual Fee
- $450 p.a.
- Earn
- 1.25 Qantas Points earned per $1 on eligible everyday purchases. 2.25 Qantas Points per $1 spent on selected Qantas products and services in Australia. 0.5 Qantas Point per $1 at government bodies in Australia. After a total of 100,000 Qantas Points is earned in a calendar year, the everyday earn rate will change from 1.25 to 1 Qantas Point per $1 spent.
Earn 70,000 bonus Qantas Points in Year 1 with the Qantas American Express Ultimate Card when you apply online by 5 May 2026, are approved, and spend $5,000 in the first 3 months. Plus, 30,000 bonus Qantas Points in Year 2 after minimum of $1 spend on the Card within 90 days of paying the Year 2 Annual Card Fee.
American Express Explorer Credit Card
Offer ends: 19 May 2026
- Bonus points
- 75,000 Bonus Membership Rewards Points¹
- Annual fee
- $395 p.a.
- Earn
- Earn 2 Membership Rewards points per $1 on all purchases except government bodies where you will earn 1 point per $1 spent⁶
American Express Explorer Credit Card
Offer ends: 19 May 2026
- Bonus Points
- 75,000 Bonus Membership Rewards Points¹
- Annual Fee
- $395 p.a.
- Earn
- Earn 2 Membership Rewards points per $1 on all purchases except government bodies where you will earn 1 point per $1 spent⁶
Earn 75,000 Bonus Membership Rewards Points¹ when you apply by 19 May 2026, are approved and spend $4,000 on eligible purchases on your new American Express Explorer® Credit Card within the first 3 months (T&Cs apply. New American Express Card Members only). Enjoy a $400 Annual Travel Credit², complimentary access to The Centurion® Lounges³ in Sydney and Melbourne, Card, Smartphone and International Travel Insurance⁴, for a $395 p.a. annual fee.
American Express Velocity Platinum
Offer ends: 30 Apr 2026
- Bonus points
- Up to 100,000 bonus Velocity Points¹
- Annual fee
- $440 p.a.
- Earn
- 1.25 Velocity Points earned per $1 on all eligible spend except for government bodies⁵. 2.25 Velocity Points per $1 spent on selected Virgin Australia purchases⁵. 0.5 Velocity Points per $1 on Government spend⁵
American Express Velocity Platinum
Offer ends: 30 Apr 2026
- Bonus Points
- Up to 100,000 bonus Velocity Points¹
- Annual Fee
- $440 p.a.
- Earn
- 1.25 Velocity Points earned per $1 on all eligible spend except for government bodies⁵. 2.25 Velocity Points per $1 spent on selected Virgin Australia purchases⁵. 0.5 Velocity Points per $1 on Government spend⁵
Earn up to 100,000 bonus Velocity Points¹. That’s 70,000 bonus Velocity Points when you apply online by 30 April 2026, are approved, and spend $5,000 on eligible purchases on your new American Express Velocity Platinum Card within the first 3 months. Plus, an additional 30,000 bonus Velocity Points when you spend a min of $1 on your Card within 90 days of paying your second year annual Card fee.
Best Visa/Mastercard reward cards with no points caps
There aren’t many Visa and Mastercard reward credit cards left on the market which still offer an uncapped points earn. Here are the few that still do, as featured on the Point Hacks website.
Westpac Altitude Rewards Black
- Bonus points
- Up to 200,000 bonus Altitude points
- Annual fee
- $200 card fee for the first year, $295 p.a. ongoing
- Earn
- 3 Altitude Points per $1 on international transactions, 2 Altitude Points per $1 on everyday spend, and 1 Altitude Points per $1 on all other eligible spend up to $10,000 per statement period. Then 0.5 Points per $1 thereafter, uncapped
Westpac Altitude Rewards Black
- Bonus Points
- Up to 200,000 bonus Altitude points
- Annual Fee
- $200 card fee for the first year, $295 p.a. ongoing
- Earn
- 3 Altitude Points per $1 on international transactions, 2 Altitude Points per $1 on everyday spend, and 1 Altitude Points per $1 on all other eligible spend up to $10,000 per statement period. Then 0.5 Points per $1 thereafter, uncapped
The Westpac Altitude Rewards Black has up to 200,000 Altitude Points plus a reduced first year annual card fee on offer for new cardholders, the points can be redeemed for up to $950 in e-gift cards or transferred to Velocity Frequent Flyer, KrisFlyer or Cathay miles at a 3:1 ratio. The card offers high points earn rates plus ongoing benefits, including Priority Pass lounge invites.
St.George Amplify Rewards Signature
- Bonus points
- Up to 200,000 Amplify Rewards Points
- Annual fee
- $199 in the first year, $295 p.a. ongoing
- Earn
- 3 Amplify Points per $1 on international spend, 2 Amplify Points per $1 on everyday spend, and 1 Amplify Points per $1 on all other eligible spend up to $10,000 per statement period. Then 0.5 Points per $1 thereafter, uncapped
St.George Amplify Rewards Signature
- Bonus Points
- Up to 200,000 Amplify Rewards Points
- Annual Fee
- $199 in the first year, $295 p.a. ongoing
- Earn
- 3 Amplify Points per $1 on international spend, 2 Amplify Points per $1 on everyday spend, and 1 Amplify Points per $1 on all other eligible spend up to $10,000 per statement period. Then 0.5 Points per $1 thereafter, uncapped
St.George is offering up to 200,000 Amplify Rewards Points (equivalent to 100,000 Velocity Points or up to $900 in eGift cards) plus a reduced first-year annual fee for new cardholders of the Amplify Rewards Signature Card. Includes two complimentary airport lounge passes, complimentary insurances and access to Visa Luxury Hotels program.
HSBC Star Alliance Credit Card
- Bonus points
- Fast Track to Star Alliance Gold Status
- Annual fee
- $0 in the first year, $499 p.a. thereafter
- Earn
- Earn 1 Star Alliance Point per $1 on eligible purchases, up to $3,000 per statement period and 0.5 Star Alliance Points per $1 spent on eligible purchases thereafter, uncapped
HSBC Star Alliance Credit Card
- Bonus Points
- Fast Track to Star Alliance Gold Status
- Annual Fee
- $0 in the first year, $499 p.a. thereafter
- Earn
- Earn 1 Star Alliance Point per $1 on eligible purchases, up to $3,000 per statement period and 0.5 Star Alliance Points per $1 spent on eligible purchases thereafter, uncapped
Fast track your way to Star Alliance Gold Status when you apply for the HSBC Star Alliance Credit Card and spend $4,000 or more on eligible purchases in the first 90 days from account opening. Includes $0 annual fee in the first year ($499 p.a. thereafter) and uncapped Star Alliance points earn on spend. Fee, charges and T&C's apply. Offer may end anytime.
What do I look for when searching for credit cards with no points caps?
- Earn rates: If you’re looking at an uncapped card, then you’ll want the earn rate to be good, right? Be sure to compare how many points you’ll actually get per dollar spent, for each card. Note that Membership Rewards and Amplify programs can transfer to other frequent flyer programs, but not at a 1:1 rate. Read the linked guides for more information.
- Bonus points offer: Supercharge your points balance with a hefty sign-up bonus from the get-go. This is on top of the points you’d usually earn when spending on the card.
- Other card benefits: See if there are any other benefits of a particular card that might suit you, such as included insurances or participation in schemes such as American Express Shop Small.
What do I be mindful of with uncapped rewards credit cards?
- Annual fees: Premium cards with uncapped points earn and high sign-up bonuses usually also have high annual fees. Be sure to take these fees into account.
- Interest rate: Rewards cards generally have high interest rates. If you’re spending heavily and making use of uncapped points earn, be sure to pay your balance off every month, or you’ll be slugged with extra interest charges.
- Spending: If you don’t actually spend enough in a month to hit the points caps on other cards, then you probably don’t need an uncapped credit card which may be more expensive.
Summing up
Uncapped credit cards can offer great value for the savvy high-flyers and big spenders, whether that be part of running of a business or for day-to-day expenses. Every dollar you spend will be equally rewarded.
American Express cards are all uncapped, compared to a handful of Visa and Mastercards. If going for an Amex card, remember to see if it’s accepted at the places where you typically spend the most.
Also, be mindful to do your research to ensure you’re getting a good deal. It’s advisable to consider the annual fee and the effective earn rate for the points in your desired rewards or frequent flyer program.
We will often have exclusive offers with high sign-up points for these uncapped credit cards, so check back occasionally to see if we have any new deals here.
Do you specifically look for cards with no points cap?
Frequently asked questions
The following answers are general advice and do not take into account your personal circumstances. Be sure to consider all aspects of a no-annual-fee credit card before applying.
Cards with no pre-set limit do exist. They are typically known as ‘Charge Cards‘ and are offered by American Express in Australia. Strict eligibility criteria do apply.
Check out our guide to the highest Qantas Points-earning credit cards for the latest information.
A points cap is when the number of points you can earn per month (usually) is restricted to a certain threshold. If you hit a points cap, you may find your spend will earn fewer or no points at all.
