Australia Best Credit Cards For Accumulating Air Miles 2019 Part II

In the previous Australia Best Credit Cards 2019 Part I, I have identified the Entry Level credit cards which are good for my just graduated son for the purpose of accumulating Singapore Airlines KrisFlyer Miles and they are as follows:

  • American Express Essential – FREE FOR LIFE without any conditions.
  • American Express Platinum Edge – AMA Version
  • American Express Explorer Credit Card
  • Westpac Altitude Platinum Bundle with AMEX
  • St. George (or Bank of Melbourne) Amplify Visa Platinum
  • St. George (or Bank of Melbourne) Amplify Visa Signature

In the previous Chapter I have also mentioned why I advise my son to accumulate KrisFlyer Miles over Qantas.

In this Part II, I shall perform comparisons to determine which credit card combination would earn my son the most KrisFlyer Miles based on different categories of spending. I will also need to assume where my son’s money will go to, e.g. Supermarket, Petrol, Taxes, Shopping and Restaurants.

First and foremost, here is a table summarizing how much one needs to spend in order to earn 1 KrisFlyer Mile:

Australia Best Credit Cards for Petrol Government 2019.jpg

Based on the above, I shall perform several simulations assuming that my son’s annual expenses are as follows:

  • Supermarket & Petrol – $6K
  • Taxes – $20K
  • Spending with AMEX – $10K
  • Spending with Visa – $20K

Option 1 – AMEX Essential combined with St George (Bank of Melbourne) Amplify Visa Platinum

Option 1 – AMEX Essential and St George Amplify Platinum. Total Annual Fee $99 KrisFlyer Miles Earned with AMEX Essential KrisFlyer Miles Earned with St George  Amplify Visa Platinum
Spending on Groceries and Petrol $6K 3750
Taxes $20K 10000
Spending at places that accepts AMEX $10K 6250
Spending where AMEX not welcome $20K 10000
Sub-Total KrisFlyer Miles 20000 10000
TOTAL KrisFlyer Miles AMEX Essential with St George Visa Amplify Platinum 30000

 

Option 2 – AMEX Platinum Edge combined with St George (Bank of Melbourne) Amplify Visa Platinum

Option 2 – AMEX Essential and St George Amplify Platinum. Total Annual Fee $248 Kris Flyer Miles Earned with AMEX Platinum Edge AMA KrisFlyer Miles Earned with St George Amplify Visa Platinum
Spending on Groceries and Petrol $6K 8955.22
Taxes $20K 10000
Spending at places that accepts AMEX $10K 5000
Spending where AMEX not welcome $20K 10000
Sub-Total KrisFlyer Miles 23955 10000
TOTAL KrisFlyer Miles AMEX Platinum Edge with St George Visa Amplify Platinum 33955

 

Option 3 – AMEX Essential combined with St George (Bank of Melbourne)Amplify Visa Signature

Option 3 – AMEX Essential and St George Amplify Visa Signature. Total Annual Fee $279 KrisFlyer Miles Earned with AMEX Essential KrisFlyer Miles Earned with St George Amplify Visa Signature
Spending on Groceries and Petrol $6K 3750
Taxes $20K 10000
Spending at places that accepts AMEX $10K 6250
Spending where AMEX not welcome $20K 15037.59
Sub-Total KrisFlyer Miles 20000 15037.59
TOTAL KrisFlyer Miles AMEX Essential with St George Amplify Visa Signature 35038

 

Option 4 – AMEX Explorer combined with St George (Bank of Melbourne) Amplify Visa Signature

Option 4 – AMEX Explorer and St George Amplify Visa Signature. Total Annual Fee $674 KrisFlyer Earned with AMEX Explorer KrisFlyer Earned with St George Amplify Visa Signature
Spending on Groceries and Petrol $6K 6000
Taxes $20K 10000
Spending at places that accepts AMEX $10K 10000
Spending where AMEX not welcome $20K 15037.59
Sub-Total KrisFlyer Miles 26000 15037.59
TOTAL KrisFlyer Miles AMEX Essential with St George Amplify Visa Signature 41038

 

CONCLUSION

As you can see, basically  there is no hardly any difference between Option 1 and 2 based on the assumed expenses.

Comparing Option 4 and Option 1, my son will only earn an additional 11,000 KrisFlyer Miles BUT he will need to pay $575 in additional annual fee. This high annual fee will turn most people off but I am not like most people, I think outside the box, haha.

I will recommend to my son to sign up for both the AMEX Explorer and St George Amplify Visa Signature. This is because, both these said cards do have Sign Up Bonuses where he can earn 100,000 KrisFlyer Miles. Therefore, by paying for the damn combined annual fees of $674 for both these said cards, he can get to fly Suite Class one way from Singapore to London worth $5K!!!

Moreover, I expect my son’s expenses to sky rocket soon as he intends to buy a house and we all know it cost a damn lot to furnish a home in Australia where everything is freaking expensive. Worst come to worst, my son can always Supp a card to his younger siblings to pay for their uni tuition fees and I reimburse him.

In addition to the Bonus Points for both the AMEX Explorer and St George Amplify Visa Signature, both these cards have really good benefits and here they are once again:

Best American Express Credit Card in Australia 2019

St George Amplify Visa Signature Review

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