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. annual fee
  • 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 June 27th, 2017
Name Product Product Description Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Bonus Points
ANZ Frequent Flyer Black
Receive 75,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.
19.99% p.a.
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
75,000 bonus points
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
19.99% p.a.
$199 p.a.
60,000 bonus points
American Express Velocity Platinum Card
Receive a complimentary Virgin Australia return Economy domestic flight each anniversary year and complimentary travel insurance.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$375 p.a.
100,000 bonus points
American Express Explorer® Credit Card
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$395 p.a.
50,000 bonus points
ANZ Frequent Flyer Platinum
Receive 50,000 bonus Qantas Points when you spend $2,500 on eligible purchases for the first three months. Plus, earn additional points per $1 spent on purchases and enjoy a waived annual fee for the first year.
19.99% p.a.
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
50,000 bonus points
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
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.
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
Citi Qantas Signature Credit Card
Earn from 0.5 Qantas Points per $1 spent on selected purchases and get a 2 airport lounge visits per year.
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
Qantas American Express Premium Card - Exclusive Offer
Enjoy two complimentary Qantas Club lounge invitations per year, plus the protection of complimentary travel and purchase insurance.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$249 p.a.
50,000 bonus points
Citi Rewards Signature Credit Card
Earn from 1 Point per $1 spent on selected purchases and receive a complimentary Priority Pass membership with two airport lounge visits per year.
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
Qantas American Express Ultimate Card
Receive a complimentary Qantas domestic return flight and 2 American Express Airport Lounge entries each calendar year.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$450 p.a.
55,000 bonus points
ANZ Frequent Flyer
Get 25,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
19.99% p.a.
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
25,000 bonus points
Emirates Citi World Mastercard
Earn up to 1.5 Skywards Miles for every $1 spent and indulge in carefully curated local and global experiences.
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
American Express Platinum Card
Receive an annual $300 Platinum Travel Credit, membership to an elite tier of partner programs and access to more than 1,000 VIP lounges.
$1,200 p.a.
80,000 bonus points
American Express Platinum Business Card
Provides easy tracking and management of business expenses. Also earn 100,000 bonus points when you meet the minimum spend requirement.
$1,500 p.a.
100,000 bonus points
David Jones American Express
Receive benefits through David Jones including complimentary standard delivery, gift wrapping and invites to exclusive fashion events.
20.74% p.a.
$99 p.a.
30,000 bonus points
Citi Prestige Card
Earn from 1 Point per $1 spent on selected purchases and enjoy unlimited airport lounge access with a complimentary Priority Pass.
0% p.a. for 6 months
20.99% p.a.
$700 p.a.
70,000 bonus points
NAB Rewards Platinum Card
Collect 50,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
0% p.a. for 6 months
19.99% p.a.
$195 p.a.
50,000 bonus points
Bank of Melbourne Amplify Platinum
Earn up to 2 Amplify Rewards Points per $1 spent and receive complimentary travel insurance.
19.49% p.a.
$99 p.a.
40,000 bonus points
American Express Gold Business Card
Apply online to receive 10,000 Membership Rewards Bonus Points. Keep track of your business expenses with a dedicated business credit card.
$169 p.a.
10,000 bonus points
Bank of Melbourne Amplify Signature
Earn up to 3 Amplify Rewards Points per $1 spent and receive an additional card at no extra cost.
19.49% p.a.
$279 p.a.
60,000 bonus points
NAB Rewards Classic Card
Earn 0.75 NAB Rewards Points per $1 spent and receive complimentary purchase protection insurance.
0% p.a. for 6 months
19.99% p.a.
$95 p.a.
25,000 bonus points
St.George Amplify Signature
Earn up to 3 Amplify Rewards Points per $1 spent and receive two complimentary airport lounge passes per year.
19.49% p.a.
$279 p.a.
60,000 bonus points
St.George Amplify Platinum
Earn up to 2 Amplify Rewards Points per $1 spent and receive complimentary overseas travel insurance.
19.49% p.a.
$99 p.a.
40,000 bonus points
BankSA Amplify Signature
Earn up to 3 Amplify Rewards Points per $1 spent, receive complimentary travel insurance and access to the Visa Luxury Hotel Collection.
0% p.a. for 12 months
19.49% p.a.
$279 p.a.
ANZ Rewards Black Credit Card
Receive 75,000 bonus points when you spend $2,500 on eligible purchases within first 3 months and complimentary travel insurance.
18.79% p.a.
$0 p.a. annual fee for the first year ($375 p.a. thereafter)
75,000 bonus points
ANZ Rewards Platinum
Receive 50,000 bonus Reward Points when you spend $2,500 within the first 3 months from card approval.
18.79% p.a.
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
50,000 bonus points
ANZ Rewards Credit Card
Receive 25,000 bonus Reward Points when you spend $2,500 on eligible purchases in the first 3 months from approval.
18.79% p.a.
$0 p.a. annual fee for the first year ($80 p.a. thereafter)
25,000 bonus points
ANZ Rewards Travel Adventures card
Receive 40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first three months.
20.24% p.a.
$225 p.a.
40,000 bonus points

Compare up to 4 providers

Cards to consider with cashback offer

Rates last updated June 27th, 2017
Name Product Product Description Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Essential®  Credit Card
Receive a $50 credit when you apply online, are approved and spend $750 within the first 3 months of card membership.
14.99% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Citi Rewards Classic Credit Card
Receive up to 5% cash back on all retail purchases, up to $1,000 in your first 90 days from card approval (capped at $50).
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)
Citi Simplicity Card
Receive 10% cashback on eligible purchases (capped at $50 per month for 4 months from card approval).
19.99% p.a.
0% p.a. for 6 months
$0 p.a.

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

American Express Velocity Platinum Card
American Express Velocity Platinum Card

Interest rate

20.74

Annual fee

375
ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

87
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99

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2 Responses to Sign-Up Bonus Credit Cards

  1. Default Gravatar
    Melissa | November 19, 2016

    How and where can I apply?

    • Staff
      Jason | November 19, 2016

      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 June 27th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent in the first 3 months, plus 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
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 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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