Credit card sign-up bonuses are one of the easiest ways to accumulate frequent flyer points quickly and relatively cheaply. You could earn up to 410,000 bonus points from the top credit card sign-up deals for September 2018!
We’re seeing an interesting phenomenon lately with banks staggering the bonus points over several months. Instead of handing out a large lump-sum of points, banks are increasingly offering smaller amounts of bonus points when a certain spend target is reached each month over a period of consecutive months.
Several of this month’s best offers are staggered in such a way. These offers are still valuable, but you should beware of the commitment required in order to earn the full amount of bonus points. The plus-side is that the number of points on offer are very generous if you do meet the spend targets!
Here is a selection of the top Australian credit card sign-up deals for September 2018:
1. Citi Prestige – 410,000 Citi Rewards points
Citibank is currently offering up to 410,000 Citi Rewards points to new Citi Prestige cardholders! That’s the equivalent of 205,000 Virgin Australia Velocity points, 164,000 Singapore Airlines KrisFlyer miles or 164,000 Cathay Pacific Asia Miles.
To earn the full amount of bonus points, you would need to spend at least $1,000 on the card each month for 20 months. You’ll earn 20,000 Citi Rewards points for each month that this spending target is met. In addition, you’ll earn an extra 10,000 bonus points by applying for a free Diners Club companion card. This offer expires on 31 March 2019.
The Citi Prestige card has a $700 annual fee. That’s not cheap, but this card does come with complimentary Priority Pass membership including unlimited visits for you and a guest. This benefit in itself is almost worth the annual fee.
This offer is being discussed on the Australian Frequent Flyer forum: Up to 400,000 bonus points with Citi Prestige
2. Citi Platinum – 210,000 Citi Rewards points
There is a similar offer currently available with the Citi Platinum card. You can earn 10,000 Citi Rewards points per month for 20 months when spending at least $1,000 on the card each month. You’ll also earn the 10,000 bonus points for getting the Diners Club companion card. The maximum 210,000 Citi points would be worth 84,000 Velocity points or 70,000 KrisFlyer miles. This offer also expires on 31 March 2019.
Clearly, the Citi Prestige offer is much better. The Prestige is also a much better credit card. But the Citi Platinum card has a much lower annual fee of $149 (reduced to $49 in the first year) and the minimum income required to apply for this card is much lower.
3. Virgin Money Velocity High Flyer – 120,000 Velocity points
There are up to 120,000 bonus Virgin Australia Velocity points available with the Virgin Money Velocity High Flyer card. That’s enough for a return Virgin Australia Business Class flight to Hong Kong! There is a catch – you’d need to spend $3,000 on the card per month for the first 3 months of holding the card to receive the full amount of bonus points. 40,000 Velocity points are awarded for each month that this target is reached in the first 3 months. This card has a $289 annual fee and this offer now expires on 31 October 2018.
4. Amex Explorer – 75,000 Amex Membership Rewards Gateway points
The Amex Explorer card now comes with 75,000 bonus Amex Gateway points until 26 September 2018. This card has a $395 annual fee, but comes with a $400 annual travel credit and two complimentary Amex Lounge visits. To earn the bonus points, you would need to spend at least $3,000 on the card within the first 3 months.
Amex Membership Rewards Gateway points can be transferred to 8 airline frequent flyer programs at a 4:3 rate. The 75,000 bonus points would be worth 56,250 points with Virgin Australia, Singapore Airlines, Cathay Pacific, Etihad, Emirates, Thai Airways or Malaysia Airlines. They could also be converted to 562.50 Air New Zealand Airpoints Dollars. The Amex Explorer card is also great for earning points with the above airlines on everyday spend. On most purchases you’ll earn the equivalent of 1.5 uncapped airline miles per dollar spent.
5. St George Amplify Signature – 90,000 Qantas points
This offer from St George is still available until 26 September 2018. For an annual card fee of $279, you can earn 90,000 Qantas points. That’s enough points for return Economy flight from Australia to Dubai with Emirates. To receive the points you’ll need to spend $4,000 within 90 days of approval. You’ll also need to opt-in to earning Qantas points. This offer expires on 26 September 2018.
Most current credit card sign-up deals are discussed on the Australian Frequent Flyer forum: Current Credit Card Promotions
Disclaimer: This article is not financial advice. Be sure to seek professional advice before applying for credit cards, or any kind of credit for that matter.