Bonus points offers, cash back rewards and more credit card perks you can enjoy with your existing bank.
Most credit card promotional offers, such as bonus points on signup or a 0% balance transfer, are only available to new cardholders as a way to encourage applications. However, some issuers do offer promotions to existing customers to reward their loyalty. This guide looks at credit card deals for existing cardholders as well as other ongoing perks that can help you get more value from your credit card.
What perks can I get as an existing cardholder?
- Bonus points offers. Occasionally, card providers will allow you to earn bonus points on specific spending. For example, American Express often awards bonus points when you spend with a partnered retailer during a promotional period and Qantas lets you earn triple bonus points on certain promotional flights or hotel bookings.
- Cashback offers. Some banks offer a promotional cashback offer instead of bonus points. For example, you might be able to receive 2% back on all eligible spending within a specific period.
- Network perks. Card payment networks provide a host of exclusive travel, lifestyle, shopping, dining and entertainment offers to existing cardholders. For example, Visa Entertainment, Mastercard Priceless Cities and American Express Invites all offer cardholders entertainment perks such as presale concert tickets, event discounts and access to private lounges.
While existing cardholders don’t get the most competitive balance transfer or 0% interest rate offers, you can still get a number of benefits from using a familiar card. You can even consider applying for a new card, if you feel like you’re not getting enough benefits. Often, if you were to call your card provider and express your discontent with the product and your desire to get a new card, you might find that they’ll be willing to throw in more perks in a bid to retain your business. Perhaps a special interest rate or annual fee waiver might be sufficiently appeasing to change your mind.Back to top