Sign Up Bonus Credit Cards | Compare Introductory Offers

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.

Receive up to 120,000 bonus Qantas Points when you spend at least $1,500 each month for the first 6 months.
Reduced annual fee of $199 p.a. in the first year ($299 p.a. thereafter).
0% p.a. for 18 months on balance transfers.
My monthly spend: 
$5,000
 
Features: 
All features
Types: 
All types
rewards program
earn rate
sign up bonus
Points earned
Qantas Premier Platinum Credit Card
Apply by 26 feb 20
Receive up to 120,000 bonus Qantas Points when you spend at least $1,500 each month for the first 6 months.
Reduced annual fee of $199 p.a. in the first year ($299 p.a. thereafter).
0% p.a. for 18 months on balance transfers.
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Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
up to $10,000
then 0.5 pts
per statement period
More info
120,000
points
after spend criteria
American Express Qantas Ultimate Credit Card
Apply by 18 nov 19
2 reviews
Get 120,000 bonus Qantas Points when you apply by 18 November 2019, are approved and spend $4,500 on your new Card within the first 3 months.
Earn 1.25 Qantas Points for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent.
$450 Qantas Travel Credit each year. (Conditions Apply)
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Qantas Frequent Flyer
Qantas Frequent Flyer
1.25 pts
per $1 spent
120,000
points
after spend criteria
NAB Qantas Rewards Signature Card
Earn up to 120,000 Qantas Points. Get 90,000 points when you spend $3,000 in the first 60 days from account approval date and an additional 30,000 points on payment of second year annual fee.
Seven complimentary insurances when you make an eligible purchase.
Reduced Annual Card Fee of $295 in first year (reverts to $395 after first year).
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Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent capped
90,000
points
after spend criteria
Qantas Premier Everyday Credit Card
Apply by 26 feb 20
Receive up to 25,000 bonus Qantas Points when you spend at least $1,000 each month for the first 5 months.
Reduced annual fee of $29 p.a. in the first year ($49 p.a. thereafter).
0% p.a. for 12 months on balance transfers.
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Qantas Frequent Flyer
Qantas Frequent Flyer
0.75 pts
per $1 spent
up to $3,000
then 0.4 pts
per statement period
More info
25,000
points
after spend criteria
Get 50,000 Membership Rewards points when you apply online, are approved and spend $3,000 in the first 3 months.
Receive a $400 Travel Credit each year towards any flights, hotels and car hire when you book online with this card.
T&Cs and eligibility criteria apply. Available to new card members only.
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Membership Rewards Gateway
Membership Rewards Gateway
2 pts
per $1 spent
50,000
points
after spend criteria
Transfers to 25,000
Velocity points
100,000 bonus Qantas Points and $200 back when you spend $4,000 on eligible purchases in the first 3 months.
Earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period.
Get complimentary International Travel Insurance (eligibility criteria apply) provided by Allianz Insurance.
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Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
up to $7,500
then 0.5 pts
Above $7,500
More info
100,000
points
Citi Rewards Platinum Card Points Offer
Apply by 31 jan 20
Earn up to 120,000 bonus points. Get 80,000 bonus points when you spend $3,000 in the first 90 days from account approval date and an additional 40,000 bonus points on payment of second year annual fee.
Reduced annual fee of $49 p.a. in the first year ($149 p.a. thereafter).
Enjoy 0% p.a. for 15 months with 1% fee on balance transfers. Please note, no interest free days apply to retail purchases while you have a balance transfer.
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Citi Rewards
Citi Rewards
1 pt
per $1 spent
up to $10,000
then 0.5 pts
per statement period
More info
80,000
points
after spend criteria
Virgin Australia Velocity High Flyer Credit Card
Apply by 02 dec 19
Earn up to 100,000 bonus Velocity Frequent Flyer Points. (Conditions Apply)
0% p.a. for 15 months on balance transfers.
Exclusive new $129 Virgin Australia Gift Voucher which cardholders get each year.
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Velocity Frequent Flyer
Velocity Frequent Flyer
-
100,000
points
after spend criteria
Receive up to 80,000 Membership Rewards Bonus Points when you apply online, are approved and spend $3,000 in the first 3 months.
Receive a $450 Platinum Travel Credit each year, which can be redeemed for flights, hotels or car hire.
Complimentary access for you and a guest to over 1,200 Airport lounges across 130 countries.
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Membership Rewards Ascent Premium
Membership Rewards Ascent Premium
2.25 pts
per $1 spent
80,000
points
after spend criteria
Transfers to 80,000
Velocity points
ANZ Rewards Platinum Credit Card
50,000 points and $50 back when you spend $2,000 on eligible purchases in the first 3 months.
A range of complimentary insurances for travel and purchases.
Earn ANZ Rewards Points on everyday purchases.
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ANZ Rewards
ANZ Rewards
1.5 pts
per $1 spent
up to $2,000
then 0.5 pts
per statement period
More info
50,000
points
NAB Rewards Platinum Card
60,000 points when you spend $1,000 in 60 days of account opening.
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
60,000
points
after spend criteria
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Q&As about Sign Up Bonus Credit Cards from customers

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.

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.

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.

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.

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.

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.

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.

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.

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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