Credit card sign-up bonuses are one of the easiest ways to accumulate frequent flyer points quickly and relatively cheaply! Just by applying for a credit card and paying the annual fee, you can earn thousands of frequent flyer points towards your next trip.
If you’re thinking about applying for a new credit card, why not take advantage of these great sign-up deals and top up your frequent flyer points? To help you out, here is a selection of the top Australian credit card sign-up deals for February 2018:
1. Qantas Amex Ultimate – 100,000 Qantas points
This card has a $450 annual fee, but pays for itself in the form of a $450 annual Qantas travel credit! You’ll also get two Qantas Club passes & two Sydney Amex lounge visits per year, and earn an uncapped 1.5 Qantas points per dollar spent on the card. To receive the 100,000 bonus Qantas points, you’ll need to apply by 9 April 2018 and spend at least $3,000 on the card within the first 3 months.
2. Amex Explorer – 100,000 Amex Gateway points
This card’s $395 annual fee is offset by a $400 travel credit and two annual visits to the Sydney Amex Lounge. Points earned on this card can be transferred to airlines including Singapore Airlines, Cathay Pacific, Virgin Australia, Etihad and Emirates, and you’ll earn the equivalent of 1.5 points per dollar spent, uncapped! The bonus 100,000 American Express Gateway points is worth 75,000 frequent flyer points. To receive the bonus points you would need to spend $3,000 within the first 3 months. Offer expires 9 April 2018.
3. Qantas Premier – 75,000 Qantas points
75,000 Qantas points for the card’s annual fee of $295 is nothing to sneeze at! The Qantas Premier credit card also comes with two annual Qantas Club passes, although you’ll only earn 1 Qantas point per dollar on the first $10,000 spent on the card each month. The minimum spend to receive the bonus points is $3,000 within the first 3 months. Offer expires 31 March 2018.
4. HSBC Qantas Platinum – 60,000 Qantas points
This card has an annual fee of $199 and currently comes with 60,000 bonus Qantas points. Once again, you would need to spend at least $3,000 on the card within 3 months to receive the bonus sign-up points. It’s a decent sign-up offer, but the card’s point-earning caps are disappointing. It only awards 1 Qantas point per dollar on the first $2,500 spent per month and it’s impossible to earn more than 5,000 Qantas points per month. The bonus points offer expires on 30 June 2018.
5. Virgin Money Velocity Flyer – 60,000 Velocity points
This card has an annual fee of just $129, and it’s currently being halved to just $64.50 for the first year. With this offer, you’ll get 20,000 Virgin Australia Velocity points for spending $1,500 each month for the first 3 months. If you spend $1,500 in each of the first 3 months of holding the card, you’ll get the full 60,000 Velocity points. Not bad for a $64.50 annual fee!
The card even comes with a $129 Virgin Australia voucher – so it pays for itself! But you’ll only earn 0.66 Velocity points per dollar spent, and only on the first $1,500 per month. This offer expires on 28 February 2018.
One final thing… most banks will not award bonus sign-up points to existing customers. But if you currently hold a bank-issued Amex companion card, you’ll still be eligible for this month’s American Express sign-up bonuses.
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.