New customer credit card offers

New customer credit card offers are special promotions and incentives offered by banks to attract new customers. These offers may include waived annual fees, lower interest rates, interest-free balance transfers or sign up bonuses, but it's important to understand the terms and conditions before signing up.

By   |   Verified by David Boyd   |   Updated 4 Feb 2023

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Comparing new customer credit card offers

Westpac Altitude Black Credit Card (Altitude)

On website

Balance transfer

N/A

Purchase rate

19.99% p.a. ongoing

Annual fee

$150.00 for 1st year

Highlights

  • Receive 140,000 Altitude bonus points when you spend $6,000 on eligible purchases within 120 days of card approval. Exclusions apply
  • $150 p.a. annual fee for the first year ($250 p.a. annual fee thereafter).
  • Earn 6 Altitude points per $1 on Qantas, Jetstar, Singapore Airlines, and Emirates flights bought in Australia,, eligibility criteria apply.

Pros

  • 140,000 bonus Altitude Points when you spend $6,000 in 120 days.
  • Additional savings with the $150 first-year annual fee ($250 p.a. thereafter).
  • Earn 1.25 points per $1 spent on eligible purchases
  • Get 2 complimentary lounge passes each year with Priority Pass.

Cons

  • The high annual fee of $250 p.a. after the initial year.
American Express Qantas Ultimate Credit Card

On website

New offerApply by 4 April 2023

American Express Qantas Ultimate Credit Card

Balance transfer

N/A

Purchase rate

21.99% p.a. ongoing

Annual fee

$450.00 p.a. ongoing

Highlights

  • Receive up to 100,000 bonus Qantas Points.  That’s 75,000 bonus Qantas Points when you apply, get approved by 4 April 2023, and spend $3,000 on eligible purchases on your new Card within the first 3 months. Plus, an additional 25,000 bonus Qantas Points in your second year upon fee renewal. T&Cs apply. New Card Members only.
  • 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.
  • Get 2 complimentary Qantas Club lounge invitations each year.

Pros

  • Earn up to 100,000 bonus Qantas Points when you meet the criteria.
  • Excellent earn rates on everyday spending. Earns points on payments to the ATO.
  • Access to The Centurion® Lounge. after your first card spend on the card for Qantas products and services each anniversary year.
  • 2 complimentary Qantas Club lounge invitations each year.
  • $450 Qantas Travel Credit each year (conditions apply).
  • Add cards for up to four family and friends at no cost.

Cons

  • The annual fee of $450.
  • There is no concierge service, even though it's a high end card.
  • Balance transfers are not possible.
  • Transactions in a foreign currency attract a fee.
St.George Amplify Platinum Credit Card (Amplify)

On website

New offerApply by 30 June 2023

St.George Amplify Platinum Credit Card (Amplify)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$49.00 for 1st year

Highlights

  • Earn up to 90,000 bonus Amplify Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% for 24 months on balance transfers with a 1% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $49 p.a. annual fee for the first year ($99 p.a. annual fee thereafter)

Pros

  • The 90,000 bonus Amplify Points.
  • 0% for 24 months on balance transfers.
  • Comes with complimentary insurance (terms, conditions, exclusions, and eligibility criteria apply).
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.

Cons

  • There is a 1% balance transfer fee. Other cards offer 0% balance transfer free.
Westpac Altitude Platinum Credit Card (Qantas)

On website

Balance transfer

N/A

Purchase rate

19.99% p.a. ongoing

Annual fee

$99.00 for 1st year

Highlights

  • Receive 70,000 bonus Qantas Points when you spend $4,000 on eligible purchases within 90 days of card approval. Terms and conditions apply.
  • $99 p.a. annual fee for the first year then $150 p.a. annual fee thereafter (Plus a $50 Qantas Rewards opt-in annual fee).
  • Earn 0.5 Qantas points per $1 spent on eligible purchases


From 1 January 2022, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. Bonus Qantas Points not included in the cap.


Pros

  • 70,000 bonus Qantas Points when you spend $4,000 in 90 days.
  • Additional savings with the $99 first-year annual fee ($150 p.a. thereafter).
  • Comes with complimentary insurance covers which include overseas medical and purchase security.

Cons

  • Only up to 45 days interest-free on purchases.
American Express Explorer Credit Card

On website

New offerApply by 28 February 2023

American Express Explorer Credit Card

Balance transfer

N/A

Purchase rate

21.99% p.a. ongoing

Annual fee

$395.00 p.a. ongoing

Highlights

  • Receive 70,000 Bonus Membership Rewards Points when you apply by 28 February 2023, are approved, and spend $4,000 on your new Card within the first 3 months. T&Cs apply. New Amex Card Members only.
  • Receive a $400 Travel Credit each year towards any flights, hotels, and car hire when you book online with this card.
  • Includes complimentary domestic & international travel insurance.

Pros

  • The 70,000 bonus Membership Rewards Points when approved and reach spend requirement within the first 3 months.
  • Receive a $400 travel credit every year.
  • Earn 2 Membership Rewards points per $1 spent on purchases except for government bodies in Australia where you will earn 1 point per $1 spent (uncapped).
  • Get two complimentary entries per year to The Centurion® Lounge.

Cons

  • The $395 p.a. annual fee.
St.George Amplify Signature Credit Card (Amplify)

On website

Apply by 30 June 2023

St.George Amplify Signature Credit Card (Amplify)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$199.00 for 1st year

Highlights

  • Earn up to 150,000 Bonus Amplify Rewards Points when you spend $12,000 on eligible purchases within the first 12 months from card approval.
  • $199 card fee for the first year ($279 p.a thereafter).
  • 0% p.a. for 24 months on balance transfers with a 1% balance transfer fee on amounts transferred.
  • Includes complimentary overseas travel insurance for up to 6 months

Pros

  • The 150,000 bonus Amplify Rewards Points.
  • Save $80 with the $199 card fee for the first year.
  • Enjoy 2 complimentary Priority Pass lounge visits each year when you enroll in Priority Pass.
  • Comes with concierge services.

Cons

  • After the initial year, the annual fee is $279 p.a.
  • There is a 1% balance transfer fee.
St.George Amplify Platinum Credit Card (Qantas)

On website

Offer extendedApply by 30 June 2023

St.George Amplify Platinum Credit Card (Qantas)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$99.00 p.a. ongoing

Highlights

  • Earn up to 60,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 24 months on balance transfers with 1% balance transfer fee. Reverts to cash advance rate.
  • Earn 0.5 points per $1 spent (uncapped). Plus, get a complimentary Qantas membership fee. Saving you $99.50!

From 1 January 2022, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. Bonus Qantas Bonus Qantas Points not included in the cap.


Pros

  • The 60,000 bonus Qantas Points.
  • 0% p.a. for 24 months on balance transfers.
  • Complimentary travel and purchase insurances.

Cons

  • There is a 1% balance transfer fee.
  • Points earning rate of 0.5 points is lower than others.
American Express Platinum Card

On website

Balance transfer

N/A

Purchase rate

N/A

Annual fee

$1,450.00 p.a. ongoing

Highlights

  • Receive 200,000 Bonus Membership Rewards Points when you apply online, are approved, and spend $5,000 on your new Card within the first 3 months. T&Cs apply. New Amex Card Members only.
  • Receive a $450 Platinum Travel Credit each year, which can be redeemed for flights, hotels, or car hire.
  • Enjoy up to $400 per calendar year when you dine from a curated collection of over 1,400 hand-selected restaurants both locally and abroad. Terms and Conditions apply.

Pros

  • Receive 200,000 Bonus Membership Rewards Points when you meet the criteria.
  • Receive a $450 Platinum Travel Credit each year.
  • Enjoy up to $400 Global Dining Credit per calendar year.
  • Access to more than 1,400 lounges globally, including The Centurion® Lounge.

Cons

  • The annual fee of $1,450.
Bank of Melbourne Amplify Platinum Credit Card (Qantas)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$49.00 for 1st year

Highlights

  • Earn up to 60,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 24 months on balance transfers with a 1% balance transfer fee. Reverts to cash advance rate.
  • $49 p.a. annual fee for the first year ($99 p.a. annual fee thereafter)
  • Earn 0.5 points per $1 spent (uncapped). Plus, get a complimentary Qantas membership fee. Saving you $99.50!


From 1 January 2022, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. Bonus Qantas Bonus Qantas Points not included in the cap.


Pros

  • The 60,000 bonus Qantas Points.
  • 0% p.a. for 24 months on balance transfers.
  • Complimentary travel and purchase insurance.

Cons

  • There is a 1% balance transfer fee.
  • Points earning rate of 0.5 points is lower than others.
BankSA Amplify Platinum Credit Card (Qantas)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$99.00 p.a. ongoing

Highlights

  • Earn up to 60,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 24 months on balance transfers with 1% balance transfer fee. Reverts to cash advance rate.
  • Earn 0.5 points per $1 spent (uncapped). Plus, get a complimentary Qantas membership fee. Saving you $99.50!


From 1 January 2022, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. Bonus Qantas Bonus Qantas Points not included in the cap.


Pros

  • The 60,000 bonus Qantas Points.
  • 0% p.a. for 24 months on balance transfers.
  • Complimentary travel and purchase insurances.

Cons

  • There is a 1% balance transfer fee.
  • Points earning rate of 0.5 points is lower than others.
BankSA Amplify Signature Credit Card (Amplify)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$139.00 for 1st year

Highlights

  • Earn up to 150,000 Bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year. Plus, receive a birthday points bonus of 10% of the points earned in the last 12 months.
  • 0% p.a. for 24 months on balance transfers with 1% balance transfer fee on amounts transferred.
  • $139 p.a. annual fee for the first year ($279 p.a. annual fee thereafter)

Pros

  • The 150,000 bonus Amplify Rewards Points.
  • 0% p.a. for 24 months on balance transfers.
  • Additional savings with the $139 first-year annual fee.
  • Includes complimentary overseas travel insurance for up to 6 months

Cons

  • There is a 1% balance transfer fee.
  • The annual fee reverts to $279 p.a. after the initial year.
Qantas Premier Platinum Credit Card

Apply by 29 March 2023

Qantas Premier Platinum Credit Card

Balance transfer

18 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$249.00 for 1st year

Highlights

  • Earn up to 80,000 bonus Qantas Points. Receive 60,000 bonus Qantas Points when you spend $3,000 or more on eligible purchases within 3 months from card approval. Plus an additional 20,000 bonus points if you have not earned Qantas Points with a credit card in the last 12 months. Terms and Conditions apply.
  • Enjoy 0% on Balance Transfer for 18 months with a 1% Balance Transfer fee. Reverts to Cash Advance rate, thereafter. No interest-free days apply on retail purchases while you have a balance transfer.
  • Save with the reduced annual fee of $249 p.a. for the first year. An ongoing annual fee of $299 p.a. applies in the 2nd year.

Pros

  • Earn up to 80,000 bonus Qantas Points when you meet the criteria.
  • 0% p.a. for 18 months on balance transfers.
  • Additional savings with the $249 first-year annual fee ($299 p.a. thereafter).
  • Comes with complimentary travel insurance.

Cons

  • There is a 1% balance transfer fee.
Bank of Melbourne Amplify Platinum Credit Card (Amplify)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$49.00 for 1st year

Highlights

  • Earn up to 90,000 bonus Amplify Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% for 24 months on balance transfers with 1% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $49 p.a. annual fee for the first year ($99 p.a. annual fee thereafter)

Pros

  • The 90,000 bonus Amplify Points.
  • 0% for 24 months on balance transfers.
  • Comes with complimentary insurance (terms, conditions, exclusions, and eligibility criteria apply).
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.

Cons

  • There is a 1% balance transfer fee. Other cards offer 0% balance transfer free.
BankSA Amplify Platinum Credit Card (Amplify)

New offerApply by 30 June 2023

BankSA Amplify Platinum Credit Card (Amplify)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$49.00 for 1st year

Highlights

  • Earn up to 90,000 bonus Amplify Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% for 24 months on balance transfers with a 1% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $49 p.a. annual fee for the first year ($99 p.a. annual fee thereafter)

Pros

  • The 90,000 bonus Amplify Points.
  • 0% for 24 months on balance transfers.
  • Comes with complimentary insurance (terms, conditions, exclusions, and eligibility criteria apply).
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.

Cons

  • There is a 1% balance transfer fee. Other cards offer 0% balance transfer free.

New customer credit card offers are special promotions and incentives offered by banks and financial institutions to attract new customers. These offers may include waived annual fees, lower interest rates, higher rewards or an interest-free balance transfer.

Understanding these offers, their terms and conditions, and how to choose the right card for you is important before signing up for a credit card.

New customers vs existing customer credit card offers

New customer credit card offers may include waived annual fees, lower interest rates, higher rewards or interest-free balance transfers. Most banks do not make these introductory offers available to their existing customers.

Common terms, conditions and limitations to be aware of

When considering a new customer credit card offer, it's important to know the terms, conditions, and limitations. These may include time limits on the offer, such as a promotional interest rate or waived annual fee, minimum spending criteria or balance transfer limits, credit score or income requirements, and restrictions on the type of account or card.

Pros and cons

Pros

  • Waived annual fees. New customer credit card offers may include waived annual fees, saving you money in the long run.
  • Lower interest rates on purchases. Some new customer credit card offers may include lower interest rates, making managing your finances easier.
  • Move to debt to a lower interest rate. When used properly, a balance transfer introductory offer can cut your monthly expenses significantly and help you get out of debt.
  • Higher rewards. It's common for banks to attract new customers with hefty sign up bonuses.
  • Cashback. Some new customer credit card offers may include higher rewards or cashback, providing additional benefits for using the card.

Cons

  • Limited time. Many new customer credit card offers have a limited time frame, after which the offer may expire.
  • Minimum spending requirements. A spending target may be specified, often within a limited period of time.
  • Balance transfer limits. Most banks only allow a certain percentage of the available credit to be used for a balance transfer.
  • Minimum requirements for credit score or income. Some new customer credit card offers may have credit score or income requirements that you must meet to qualify for the offer.

FAQs

Why do banks limit some credit card offers to new customers only?

Banks offer these promotions and incentives to attract new customers and increase their customer base.

What banks offer credit cards for new customers only?

Many banks and financial institutions in Australia offer credit cards for new customers. You can check the website of the bank or financial institution or speak with a representative to see if they offer credit card promotions for new customers.

What happens if an existing customer applies for a credit card for new customers?

Existing customers may not qualify for new customer credit card offers and may be subject to different terms and conditions. It's best to speak with a bank or financial institution representative to see if you qualify for the offer or if other options are available.