Credit cards with a sign up bonus

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.

By   |   Verified by David Boyd   |   Updated 10th August 2020

Comparing credit cards with a sign up bonus

Qantas Premier Platinum Credit Card

On Qantas Money's website

Apply by 30 September 2020

Qantas Premier Platinum Credit Card

Rewards program

Qantas Frequent Flyer

Points per $1 spent

1 point

Sign up bonus

80,000 points

Annual fee

$199.00 for 1st year

Highlights

  • Receive up to 80,000 bonus Qantas Points. That's 20,000 points each month for four months when spending $1,500 or more on eligible purchases.
  • Get additional 75 bonus Status Credits when you make your first eligible purchase by 30 November 2020.
  • $199 p.a. annual fee for the first year, then $299 p.a..
Bendigo Bank Platinum Rewards Mastercard

On Bendigo Bank's website

Bendigo Bank Platinum Rewards Mastercard

Rewards program

Bendigo Bank Rewards

Points per $1 spent

1.5 points

Sign up bonus

N/A

Annual fee

$89.00 p.a. ongoing

Highlights

  • 0% p.a. on balance transfers for 6 months. Purchase rate applies thereafter.
  • Earn 1.5 Bendigo rewards points for every $1 spent.
  • Up to 180 days of international travel insurance.
American Express Explorer Credit Card

On American Express' website

American Express Explorer Credit Card

Rewards program

Membership Rewards Gateway

Points per $1 spent

2 points

Sign up bonus

50,000 points

Annual fee

$395.00 p.a. ongoing

Highlights

  • Get 50,000 Membership Rewards points when you apply online, are approved and spend $3,000 in the first 3 months. New Card Members only.
  • 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.
American Express Qantas Ultimate Credit Card

On American Express' website

Apply by 03 September 2020

American Express Qantas Ultimate Credit Card

Rewards program

Qantas Frequent Flyer

Points per $1 spent

1.25 points

Sign up bonus

80,000 points

Annual fee

$450.00 p.a. ongoing

Highlights

  • Get 80,000 bonus Qantas Points and get $100 back when you spend $150 or more at Qantas Wine when you apply by 3 September 2020, are approved and spend $3,000 on your new Card within the first 3 months. 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.
  • $450 Qantas Travel Credit each year (conditions apply).
Bank of Melbourne Amplify Signature Credit Card (Amplify)

On Bank of Melbourne's website

Apply by 30 September 2020

Bank of Melbourne Amplify Signature Credit Card (Amplify)

Rewards program

Amplify Rewards

Points per $1 spent

1.5 points

Sign up bonus

200,000 points

Annual fee

$139.00 for 1st year

Highlights

  • Earn up to 200,000 Bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year.
  • Reduced annual fee of $139 in the first year, currently saving you $140.
  • 0% p.a. for 6 months on balance transfers. Reverts to cash advance rate.
American Express David Jones Platinum Credit Card

On American Express' website

American Express David Jones Platinum Credit Card

Rewards program

Membership Rewards, Qantas Frequent Flyer

Points per $1 spent

1 point

Sign up bonus

30,000 points

Annual fee

$295.00 p.a. ongoing

Highlights

  • Receive 30,000 Membership Rewards Points or 15,000 Qantas Points when you are approved and spend $750 at locations excluding David Jones on your new card within the first three months. Available to new American Express David Jones Platinum Credit Card Members only.
  • Earn 4 Reward Points per $1 spent at David Jones, 3 Reward Points per $1 spent at major supermarkets and petrol stations and 1 Reward Point per $1 spent elsewhere.
  • Flexibility to choose Qantas Frequent Flyer or Membership Rewards as your rewards program.
American Express David Jones Credit Card

On American Express' website

American Express David Jones Credit Card

Rewards program

Membership Rewards, Qantas Frequent Flyer

Points per $1 spent

1 point

Sign up bonus

15,000 points

Annual fee

$99.00 p.a. ongoing

Highlights

  • Receive 15,000 Membership Rewards Points or 7,500 Qantas Points when you are approved and spend $750 at locations excluding David Jones on your new card within the first three months. Available to new David Jones American Express Card Members only.
  • Earn up to 3 Reward Points per $1 spent at major supermarkets and petrol stations, 2 Reward Points per $1 spent at David Jones, and 1 Reward Point per $1 spent elsewhere.
  • Flexibility to choose Qantas Frequent Flyer or Membership Rewards as your rewards program.
American Express Platinum Card

On American Express' website

American Express Platinum Card

Rewards program

Membership Rewards Ascent Premium

Points per $1 spent

2.25 points

Sign up bonus

80,000 points

Annual fee

$1,450.00 p.a. ongoing

Highlights

  • Get 80,000 Membership Rewards points when you apply, are approved, and meet the minimum spend criteria of $3,000 in the first 3 months. Available to new Card Members only.
  • 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.
Westpac Altitude Black Credit Card (Altitude)

On Westpac's website

Apply by 11 November 2020

Westpac Altitude Black Credit Card (Altitude)

Rewards program

Altitude Rewards

Points per $1 spent

1.25 points

Sign up bonus

150,000 points

Annual fee

$250.00 for 1st year

Highlights

  • Receive 150,000 Altitude bonus points when you spend $4,000 on eligible purchases within 90 days of card approval. Exclusions apply. Qantas rewards fee applies.
  • Earn up to 6 Altitude points per $1 spent (terms and conditions apply).
  • Complimentary Insurances: Overseas Travel, Extended Warranty, Purchase Security and Transit Accidents (terms and conditions apply)
Bank of Melbourne Amplify Platinum Credit Card (Qantas)

On Bank of Melbourne's website

Apply by 30 September 2020

Bank of Melbourne Amplify Platinum Credit Card (Qantas)

Rewards program

Amplify Qantas

Points per $1 spent

0.5 points

Sign up bonus

60,000 points

Annual fee

$99.00 p.a. ongoing

Highlights

  • Earn 60,000 bonus Qantas points when you spend $2,000 within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 6 months on balance transfers. Reverts to cash advance rate.
  • Earn 0.5 points per $1 spent on eligible purchases (uncapped).
ANZ Rewards Platinum Credit Card

On ANZ's website

ANZ Rewards Platinum Credit Card

Rewards program

ANZ Rewards

Points per $1 spent

1.5 points

Sign up bonus

100,000 points

Annual fee

$95.00 p.a. ongoing

Highlights

  • Receive 100,000 points when you spend $2,500 on eligible purchases in the first 3 months from approval.
  • A range of complimentary insurances for travel and purchases.
  • Earn ANZ Rewards Points on everyday purchases.
BankSA Amplify Platinum Credit Card (Qantas)

On BankSA's website

Apply by 30 September 2020

BankSA Amplify Platinum Credit Card (Qantas)

Rewards program

Amplify Qantas

Points per $1 spent

0.5 points

Sign up bonus

60,000 points

Annual fee

$99.00 for 1st year

Highlights

  • Earn up to 60,000 points bonus Qantas Points when you spend $2,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • Earn 0.5 points per $1 spent on eligible purchases (uncapped).
  • 0% p.a. for 6 months with 0% fee on balance transfers. Rate reverts to cash advance rate.
BankSA Amplify Signature Credit Card (Amplify)

On BankSA's website

Apply by 30 September 2020

BankSA Amplify Signature Credit Card (Amplify)

Rewards program

Amplify Rewards

Points per $1 spent

1.5 points

Sign up bonus

200,000 points

Annual fee

$139.00 for 1st year

Highlights

  • Earn up to 200,000 points bonus Amplify Rewards Points* over 2 years when you spend $12,000 on eligible purchases each year. Exclusions apply.
  • Reduced annual fee of $139 p.a. in the first year, currently saving you $140.
  • Enjoy 0% p.a. for 6 months with 0% fee on Balance Transfers requested at new card application. Rate reverts to cash advance rate.
St.George Amplify Signature Credit Card (Amplify)

On St.George's website

Apply by 30 September 2020

St.George Amplify Signature Credit Card (Amplify)

Rewards program

Amplify Rewards, Amplify Qantas

Points per $1 spent

1.5 points

Sign up bonus

200,000 points

Annual fee

$139.00 for 1st year

Highlights

  • Earn up to 200,000 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 6 months on balance transfers with 0% balance transfer fee on amounts transferred.
  • Reduced annual fee of $139 in the first year, currently saving you $140.
St.George Amplify Platinum Credit Card (Qantas)

On St.George's website

Apply by 30 September 2020

St.George Amplify Platinum Credit Card (Qantas)

Rewards program

Amplify Qantas

Points per $1 spent

1 point

Sign up bonus

60,000 points

Annual fee

$99.00 p.a. ongoing

Highlights

  • Earn up to 60,000 bonus Qantas Points when you spend $2,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 6 months on balance transfers. Reverts to cash advance rate.
  • Earn 0.5 points per $1 spent (uncapped). Plus, get a complimentary Qantas membership fee. Saving you $99.50!
St.George Amplify Platinum Credit Card (Qantas)

On St.George's website

Apply by 30 September 2020

St.George Amplify Platinum Credit Card (Qantas)

Rewards program

Amplify Qantas

Points per $1 spent

1 point

Sign up bonus

60,000 points

Annual fee

$99.00 p.a. ongoing

Highlights

  • Earn up to 60,000 bonus Qantas Points when you spend $2,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 6 months on balance transfers. Reverts to cash advance rate.
  • Earn 0.5 points per $1 spent (uncapped). Plus, get a complimentary Qantas membership fee. Saving you $99.50!
Westpac Altitude Platinum Credit Card (Qantas)

On Westpac's website

Apply by 11 November 2020

Westpac Altitude Platinum Credit Card (Qantas)

Rewards program

Qantas Frequent Flyer

Points per $1 spent

0.5 points

Sign up bonus

60,000 points

Annual fee

$99.00 for 1st year

Highlights

  • Receive 60,000 Qantas bonus points when you spend $3,000 on eligible purchases within 90 days of card approval. Terms and conditions apply.
  • Transfer your balance at 0% p.a. for 18 months (1 % balance transfer fee applies). Reverts to purchase rate.
  • $99 p.a. annual fee for the first year ($200 p.a. annual fee thereafter).

Learn about credit card sign up bonuses

Find out how credit card sign up bonuses work and what you need to do to get yours.

  • FAQs
  • Guides

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.

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 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.

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.

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.

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.

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 andEmirates 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.

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 — 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.

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