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Sign-Up Bonus Credit Cards

Sign-up bonus credit cards provide attractive initiation offers featuring bonus points, complimentary flights, $0 annual fees, promotional interest rates and other perks.

On closer inspection, however, it is also apparent that the interest rates on additional purchases and card fees are higher compared to other credit cards. Some cards will waive card fees as a sign-up bonus for a specific period of time, but then may not offer as many rewards, while others offer a 0% interest for a specific period on balance transfers.

If you look at a special offer and consider all the factors, and feel that you can utilise the special bonus offers effectively while saving money or gain rewards that you will use, a sign-up bonus can be great. Do not, however, move without weighing up all the pros and cons as this could leave you paying more at the end of the day.

HSBC Platinum Qantas Credit Card

HSBC Credit Card Offer

Enjoy complimentary Qantas Frequent Flyer membership and receive 60,000 bonus Qantas Points when you meet the minimum spend criteria.

  • $199 p.a.
  • 19.99% p.a. on purchases
  • Cash Advance Rate of 21.99% p.a.
  • Up to 55 days interest free
  • Minimum Income Requirement of $40,000 p.a.

Compare credit cards with bonus points on sign-up

Rates last updated July 29th, 2017
Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Bonus Points Product Description
NAB Premium Card - Exclusive Offer
0% p.a. for 24 months
19.74% p.a.
$90 p.a.
Exclusive to finder.com.au, enjoy a no BT fee, long-term balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Platinum
0% p.a. for 20 months
12.74% p.a.
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
HSBC Platinum Qantas Credit Card
19.99% p.a.
$199 p.a.
60,000 bonus points
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
American Express Velocity Platinum Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$375 p.a.
100,000 bonus points
Receive a complimentary Virgin Australia return Economy domestic flight each anniversary year and complimentary travel insurance.
American Express Explorer® Credit Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$395 p.a.
100,000 bonus points
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 6 months
0% p.a. for 12 months (reverts to 20.74% p.a.)
$129 p.a.
Save with 0% p.a. on purchases for 12 months. Plus, up to 0.66 Velocity Points per $1 spent.
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
1.9% p.a. for 15 months
20.74% p.a.
$144 p.a. annual fee for the first year ($289 p.a. thereafter)
30,000 bonus points
Take off sooner with up to 1 Velocity Point per $1 spent and earn up to 30,000 bonus Velocity Points. Plus, complimentary travel insurance.
Citi Qantas Signature Credit Card
0% p.a. for 6 months
20.99% p.a.
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
50,000 bonus points
Earn from 0.5 Qantas Points per $1 spent on selected purchases and get a 2 airport lounge visits per year.
Qantas American Express Premium Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$249 p.a.
30,000 bonus points
Enjoy two complimentary Qantas Club lounge invitations per year, plus the protection of complimentary travel and purchase insurance.
Citi Rewards Signature Credit Card
0% p.a. for 6 months
20.99% p.a.
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
75,000 bonus points
Earn from 1 Point per $1 spent on selected purchases and receive a complimentary Priority Pass membership with two airport lounge visits per year.
Emirates Citi World Mastercard
0% p.a. for 9 months
20.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
50,000 bonus points
Earn up to 1.5 Skywards Miles for every $1 spent and indulge in carefully curated local and global experiences.
American Express Platinum Card
$1,200 p.a.
100,000 bonus points
Receive an annual $300 Platinum Travel Credit, membership to an elite tier of partner programs and access to more than 1,000 VIP lounges.
American Express Platinum Business Card
$1,500 p.a.
120,000 bonus points
Provides easy tracking and management of business expenses. Also earn 120,000 bonus points when you meet the minimum spend requirement.
David Jones American Express
20.74% p.a.
$99 p.a.
30,000 bonus points
Receive benefits through David Jones including complimentary standard delivery, gift wrapping and invites to exclusive fashion events.
Citi Prestige Card
0% p.a. for 6 months
20.99% p.a.
$700 p.a.
70,000 bonus points
Earn from 1 Point per $1 spent on selected purchases and enjoy unlimited airport lounge access with a complimentary Priority Pass.
NAB Rewards Platinum Card
0% p.a. for 6 months
19.99% p.a.
$195 p.a.
50,000 bonus points
Collect 50,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
Bank of Melbourne Amplify Platinum
19.49% p.a.
$99 p.a.
40,000 bonus points
Earn up to 2 Amplify Rewards Points per $1 spent and receive complimentary travel insurance and purchase protection.
NAB Rewards Signature Card
0% p.a. for 6 months
19.99% p.a.
$295 p.a.
75,000 bonus points
Receive 75,000 Bonus Points when you spend $4,000 on everyday purchases in the first 60 days of account opening.
American Express Gold Business Card
$169 p.a.
10,000 bonus points
Apply online to receive 10,000 Membership Rewards Bonus Points. Keep track of your business expenses with a dedicated business credit card.
Bank of Melbourne Amplify Signature
19.49% p.a.
$279 p.a.
60,000 bonus points
Earn up to 3 Amplify Rewards Points per $1 spent and receive an additional card at no extra cost.
NAB Rewards Classic Card
0% p.a. for 6 months
19.99% p.a.
$95 p.a.
25,000 bonus points
Earn 0.75 NAB Rewards Points per $1 spent and receive complimentary purchase protection insurance.
St.George Amplify Signature
19.49% p.a.
$279 p.a.
60,000 bonus points
Earn up to 3 Amplify Rewards Points per $1 spent and receive two complimentary airport lounge passes per year.
St.George Amplify Platinum
19.49% p.a.
$99 p.a.
40,000 bonus points
Earn up to 2 Amplify Rewards Points per $1 spent and receive complimentary overseas travel insurance.
BankSA Amplify Signature
0% p.a. for 12 months
19.49% p.a.
$279 p.a.
Earn up to 3 Amplify Rewards Points per $1 spent, receive complimentary travel insurance and access to the Visa Luxury Hotel Collection.
ANZ Rewards Black Credit Card
18.79% p.a.
$0 p.a. annual fee for the first year ($375 p.a. thereafter)
75,000 bonus points
Receive 75,000 bonus points when you spend $2,500 on eligible purchases within first 3 months and complimentary travel insurance.
ANZ Rewards Platinum
18.79% p.a.
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
50,000 bonus points
Receive 50,000 bonus Reward Points when you spend $2,500 within the first 3 months from card approval.
ANZ Rewards Credit Card
18.79% p.a.
$0 p.a. annual fee for the first year ($80 p.a. thereafter)
25,000 bonus points
Receive 25,000 bonus Reward Points when you spend $2,500 on eligible purchases in the first 3 months from approval.
ANZ Rewards Travel Adventures card
20.24% p.a.
$225 p.a.
40,000 bonus points
Receive 40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first three months.
Qantas American Express Ultimate Card - Online Offer
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$450 p.a.
100,000 bonus points
Apply by 31 July 2017 to earn 100,000 bonus Qantas Points and get 2 American Express Airport Lounge entries each calendar year.
American Express Business Explorer® Credit Card
16.99% p.a.
$395 p.a.
100,000 bonus points
Earn 100,000 bonus points when you meet the requirement and 2 Membership Rewards points per $1 spent.

Compare up to 4 providers

Cards to consider with cashback offer

Rates last updated July 29th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
American Express Essential®  Credit Card
14.99% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Receive a $50 credit when you apply online, are approved and spend $750 on your new card within the first 3 months of card membership.
Citi Rewards Classic Credit Card
20.99% p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Until 31 July 2017 receive up to 5% cashback on all retail purchases, up to $1,000 in your first 90 days from card approval (capped at $50).
Citi Simplicity Card
19.99% p.a.
0% p.a. for 6 months
$0 p.a.
Earn 10% cashback on eligible purchases (capped at $50 per month) for the first 4 months from card approval.

Compare up to 4 providers

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Factors to consider with a sign-up bonus credit cards

What crucial points should be compared with sign-up bonus credit cards?

Interest rates are always a main focal point as lower rates over the long run could save you considerable money. Therefore, you will need to be sure that you understand the interest rate offered, and if low interest is only charged during specific time periods. Where cards are concentrating on frequent purchase rewards as the main special offer, be sure that the purchase rate is sustainable or that you pay your card in full every month so as not to pay interest. Looking at the long-term impact of acquiring a new credit card is far safer than only going for the immediate short-term rewards.

Is a sign-up bonus credit card right for you?

This question is dependent on every individuals specific circumstances, for example, if you have a high interest credit card with over $10'000 owing currently, and which you plan on paying off in less than a year, then a 0% transfer balance card for 9 months will be great. Or if you spend large amounts every month through your credit card, and pay the credit balance off very month i.e. using your card as a debit card, then frequent purchase specials will give you additional benefits for something you do anyway. Some people may already have a great card that has low interest and low fees, and moving for a sign-up bonus will not make sense.

How and where can I apply for my sign-up bonus credit card?

The simplest way to obtain a Sign-Up Bonus Credit Card is to look at the existing options available in the above comparison table. After comparing the credit cards and identifying the best credit card for you, click on the Apply button and continue to complete the form.

Once approved, how long does it take before I can receive the sign-up bonus credit card?

After approval, the specific bank will post your new Sign-Up Bonus Credit Card and you should receive it within a week. For security purposes, the credit cards are not activated until they are safely received. As soon as it has been activated you will be able to immediately use your credit card and earn reward points.

Conclusion

A Sign-Up Bonus Credit Card is a great way to use your purchasing power to your benefit as it can get you great rewards or save you from high interest instalments. The credit card companies will always make money, so no matter how good a deal looks, be sure you understand all the fine print, fees and conditions. It should always be your goal to eliminate or reduce credit card debt so do not be tempted to get in further debt for the sake of a sign-up bonus unless it serves your purposes.

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Read more on this topic

NAB Premium Card - Exclusive Offer
NAB Premium Card - Exclusive Offer

Interest rate

19.74

Annual fee

90
St.George Vertigo Platinum Credit Card
St.George Vertigo Platinum Credit Card

Interest rate

12.74

Annual fee

99

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2 Responses

  1. Default Gravatar
    MelissaNovember 19, 2016

    How and where can I apply?

    • Staff
      JasonNovember 19, 2016Staff

      Hi Melissa,

      Thank you for your enquiry.

      You may apply online by clicking the green ‘Go to site’ button of your preferred credit card. Just fill out the online form and follow the prompts on the card provider’s page to complete your application.

      Cheers,
      Jason

Credit Cards Comparison

Rates last updated July 29th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
NAB Premium Card - Exclusive Offer
Exclusive to finder.com.au, enjoy a no BT fee, long-term balance transfer offer with platinum privileges, including travel insurance.
19.74% p.a. 0% p.a. for 24 months $90 p.a. Go to site More info
Qantas American Express Ultimate Card - Online Offer
Apply by 31 July 2017 to earn 100,000 bonus Qantas Points and get 2 American Express Airport Lounge entries each calendar year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
St.George Vertigo Platinum
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
12.74% p.a. 0% p.a. for 20 months $99 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Exclusive Offer
Apply by 31 July 2017 to receive a long-term, no fee balance transfer and a $129 Virgin Australia Gift Voucher each year.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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