Sign Up Bonus Credit Cards

Boost your rewards points account by applying for a credit card with a sign up bonus, available from most banks and often linked with Qantas and Velocity.

Get 100,000 bonus Qantas Points when you apply online by 2nd Oct 2017, are approved and spend $1,500 in 3 months.
2 American Express Airport Lounge entries each calendar year.
Earn 1.5 pts per $1 spent on card purchases.
0% p.a. for 12 months for balance transfers.
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Australian credit card companies present a variety of introductory offers as an incentive for new customers, and some of these deals are very attractive. When you sign up for a new credit card, some benefits you may enjoy during the introductory period include low interest, often a 0% rate, no annual fees or free balance transfers. Our free comparison service presents all the best deals from leading banks, so you can find the ideal sign up bonus credit card to suit your needs.

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American Express Qantas Ultimate Credit Card
APPLY BY 02 oct 17
2 reviews
Get 100,000 bonus Qantas Points when you apply online by 2nd Oct 2017, are approved and spend $1,500 in 3 months.
Earn 1.5 pts per $1 spent on card purchases.
0% p.a. for 12 months for balance transfers.
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Qantas Frequent Flyer
Qantas Frequent Flyer
1.5 pts
per $1 spent
100,000
points
after spend criteria
Receive 50,000 points when you apply online, are approved and spend $1,500 on your card within the first 3 months. Conditions apply.
A complimentary domestic return flight every year with travel insurance and entry into Virgin Australia Lounges.
Good points earning rates. Up to 2.5 points per dollar spent on purchases with Virgin Australia. 1.5 pts per $1 spent elsewhere.
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Velocity Frequent Flyer
Velocity Frequent Flyer
1.5 pts
per $1 spent
50,000
points
after spend criteria
ANZ Frequent Flyer Black Credit Card
APPLY BY 30 sep 17
15 reviews
75,000 points when you spend $2,500 in 3 months.
$0 p.a. annual fee for the first year.
75 Bonus Status Credits when you buy and fly return with Qantas by 31st Jan 2018.
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Qantas Frequent Flyer
Qantas Frequent Flyer
0.5 pts
per $1 spent
75,000
points
after spend criteria
American Express Explorer® Credit Card
APPLY BY 02 oct 17
5 reviews
Receive 100,000 points when you apply online, are approved and spend $1,500 on your card within the first 3 months. Conditions apply.
Receive a $400 Travel Credit each year towards any flights, hotels and car hire when you book online with this card.
Enjoy up to two entries per year to the American Express Lounge.
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Membership Rewards Gateway
Membership Rewards Gateway
2 pts
per $1 spent
100,000
points
after spend criteria
Westpac Altitude Black Credit Card
APPLY BY 26 oct 17
42 reviews
80,000 points when you spend $5,000 after a first eligible purchase in the first 90 days.
$200 off the first year annual card fee (bringing the fee to $195).
2 complimentary passes per year to use at over 700 VIP Priority Pass airport lounges worldwide.
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Altitude Rewards
Altitude Rewards
2.5 pts
per $1 spent
80,000
points
after spend criteria
HSBC Platinum Qantas Credit Card
APPLY BY 31 aug 17
4 reviews
Bonus 60,000 points with Qantas (spend criteria applies).
Earn Qantas points at participating retailers.
Useful package of travel insurances for international travel.
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Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
60,000
points
after spend criteria
American Express Business Explorer Credit Card
APPLY BY 02 oct 17
Receive 100,000 points when you apply by 2nd Oct 2017, are approved and spend $3,000 on your card within the first 3 months.
Earn 50,000 business loyalty bonus points when you spend $100,000 every 12 months from the card approval date.
Enjoy up to two entries per year to the American Express Lounge.
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Membership Rewards Gateway
Membership Rewards Gateway
2 pts
per $1 spent
100,000
points
after spend criteria
NAB Rewards Platinum Card
APPLY BY 01 oct 17
Earn up to 110,000 points. (Conditions Apply)
Earn triple points when travelling overseas or overseas purchases made here in Australia.
Earn double points on purchases made in major department and hardware stores.
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NAB Rewards
NAB Rewards
1 pt
per $1 spent
50,000
points
after spend criteria
NAB Rewards Signature Card
APPLY BY 01 oct 17
Earn up to 135,000 points. (Conditions Apply)
Earn triple points when travelling overseas or overseas purchases made here in Australia.
Earn double points on purchases made in major department and hardware stores.
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NAB Rewards
NAB Rewards
1.25 pts
per $1 spent
75,000
points
after spend criteria
NAB Rewards Classic Card
APPLY BY 01 oct 17
25,000 points when you spend $1,500 in 60 days.
Earn triple points when travelling overseas or overseas purchases made here in Australia.
Earn double points on purchases made in major department and hardware stores.
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NAB Rewards
NAB Rewards
0.75 pts
per $1 spent
25,000
points
after spend criteria
American Express Platinum Card
APPLY BY 02 oct 17
18 reviews
100,000 points when you apply online are approved and spend $1,500 in 3 months.
Enjoy world-class concierge service and access to 1000 VIP lounges.
Benefit from up to 3 points per $1 spent, transferable to a choice of 10 leading airline programs.
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Membership Rewards Ascent Premium
Membership Rewards Ascent Premium
1 pt
per $1 spent
100,000
points
after spend criteria
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Receive 100,000 points when you apply online*
Receive a $400 Travel Credit each year towards any flight, hotels and car hire when you book online with this card1.
Earn up to 2 points per $1 spent on eligible purchases with the Membership rewards Gateway program2.
0% p.a. for 12 months on balance transfers and a one-off credit plan establishment fee of 1%.
Travel with piece of mind with the complimentary travel insurances.
Enjoy up to two entries per year to the American Express Lounge.
Smartphone Screen Insurance up to $500 for screen repairs if you accidentally break your Smartphone screen3.

Credit criteria, fees and charges apply. Read the terms and conditions before making a decision.
*Are approved and spend $1,500 on your card within the first 3 months for New Card Members and bank-issued Amex companion cardholders.
1To claim the travel credit you must have paid the annual fee and minimum payment by the due date.
2Subject to the Terms and Conditions of the Membership Rewards Gateway program available at membershiprewards.com.au.
3A 10% excess per claim with a maximum of 2 claims every 12 months. A waiting period may apply.

 

Q&As about Sign Up Bonus Credit Cards from Customers

Q: How do I compare sign up bonus credit cards?

Firstly you should compare the various rates and find a deal that offers you the biggest savings. You must also take into consideration how long the introductory deal lasts, and how it changes when the honeymoon period expires. Sign up bonuses look great in the short term, but you also need to plan ahead to make sure you get the best deal for the long term. Many sign up bonuses involve a single bonus of points added to your account. So when you are comparing this type of bonus, consider how many points are on offer, what they can be redeemed for and how many points you need to redeem for something you actually want, e.g. flights, hotels, electronics, etc.

Q: What are the benefits?

If you need to make a balance transfer to switch your debt from one card to another, a sign up bonus could be the right choice for you. Finding a card with a 0% rate on balance transfers allows you to pay off your debt with less interest, but to get the savings you need to repay the debt within the bonus period and avoid the higher rates when the promotion expires.

If you are someone who regularly travels either domestically or internationally, then a sign up bonus offering frequent flyer points may be exactly what you are looking for. However, before deciding on the card you want to apply for you should carefully consider what airline you fly with most, which airlines fly the routes you travel most and even what airlines fly from your local airport. Here are other details to consider.

  • Comparison points: Interest rates should always be taken into consideration. The lower the interest you have to pay, the more money you are going to save over the long haul. For this reason, you need to fully understand the rates being offered. Additionally, make sure you know what the rate will be after the promotional period expires. Other sign up bonus credit cards focus on a rewards program. For example, you may receive bonus points simply for signing up. Which card will give you the most points?
  • Low rates and rewards points: What will be of interest to you is dependent on your particular situation. For example, if you have a high interest credit card you may be looking for an offer with a low rate balance transfer. Or maybe you are the type who enjoys travelling and there are many sign up bonus cards offering bonus frequent flyer points to choose from. Assuming you pay off your account each month, then a bonus of several thousand points can benefit you more than a low interest rate. You may already have a great credit card with everything you could possibly need. However, there is nothing wrong with switching if there is a sign up bonus that could put you in a better financial position.
  • Finding available promotions: Most banks offer some sort of sign up bonus or promotional offer, just one of the many tools they use to attract new customers.
  • Eligibility requirements: This depends largely on your credit score and history, as well as your age and income. Not all credit cards have the same requirements, so make sure you consider all your options and check that you actually meet, and ideally exceed, their minimum requirements for approval. Upon applying online, you will typically receive an answer within a matter of minutes, although some banks may be slower than others.
Q: Will I get the sign up bonus automatically, or do I have to meet other conditions?

The terms ‘sign up bonus’ and ‘ first purchase bonus’ are often used interchangeably. In fact, there is a difference. A very small number of cards will give you the sign up bonus as soon as your account is approved – no spending required &ndash: and this is a true ‘sign up bonus’. But for most cards, the sign up bonus is in fact a ‘first purchase bonus’; that is, you will be required to fulfil certain spending conditions (e.g. make $1,000 worth of purchases in the first three months of holding the card) before you can receive the bonus.

Q: Can I get the sign up bonus more than once?

Normally, no. The sign up bonus is a one-off incentive for new customers. You will receive the bonus once only, either when your account is approved or when you meet the spending conditions. Most sign up bonus offers exclude existing customers who currently have, or have previously held, another card from the same issuer. This exclusion can often extend to customers of another bank in the same group (e.g. the wide-ranging Westpac/St. George group). However, in some cases you will be able to qualify for the sign up bonus if a reasonable period of time (e.g. 12 or 18 months) has elapsed since you last held one of the issuer’s cards.

Q: If I have a bank-issued AmEx companion card, can I apply for a card issued by AmEx itself and get the sign up bonus?

Yes. AmEx companion card holders are not excluded from AmEx’s own sign up bonus offers. American Express will still allow you to qualify for a sign up bonus if you apply for a directly-issued American Express card, even though you may already have a companion AmEx card issued by another bank.

Q: When the sign up bonus is frequent flyer points, do I need to have a frequent flyer account before applying?

No. Your card issuer will normally ask you to notify them of your frequent flyer number within a given period (e.g. four weeks) after your new card is approved. However, you will need to have the appropriate brand of frequent flyer account, before you can receive any bonus points or points earned on normal spending.

  • Qantas Frequent Flyer: There is a fee payable to join the Qantas Frequent Flyer program, but many card issuers will pay this fee on your behalf if you are not already a member.
  • Virgin Velocity and Emirates Skywards: Both programs are free to join, so it would be a good idea to open a points account at the same time if you are applying for a credit card with a sign up bonus for these programs.
Q: How long does it take for sign up bonus points to hit my account?

Sign up bonus points involving a target spending amount will normally be credited to your points account within two or sometimes three months of the spending criteria being met. For example, if you are required to spend $1,000 in the first three months after card approval, and you don’t reach the spending target until the end of the third month, your bonus points may not arrive until six months after you first get your new card.

Q: Do cash advances and balance transfers count towards eligible spend for the sign up bonus?

No. These two transaction types are considered to be ‘cash equivalents’, and will not be counted as part of your qualifying spending. You must make actual purchases of goods or services in order to meet any spending criteria.

Other types of transactions likely to be excluded include:

  • credit card account fees;
  • credit card account interest;
  • purchases of foreign currency;
  • gambling transactions.

Some cards will also exclude any BPAY payments made using the card, and any premiums paid for the bank’s proprietary brand of credit card insurance.

Q: How do I apply?

Applying for a sign up bonus credit card couldn’t be easier. Simply hit the ‘Application’ button, check if you meet the bank’s eligibility requirements, and complete the easy and secure online application process. Many banks will give you an instant answer, and if approved you should receive your card in the post within a week or so.

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We welcome your questions but we cannot help if you need personal financial advice or if have lost your card or need to resolve a dispute with your bank.
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