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 this month’s top Australian credit card sign-up deals:
1. NAB Qantas Rewards Signature – 100,000 Qantas points
This card has a $395 annual fee but comes with a whopping 100,000 bonus Qantas points if you spend at least $3,000 on the card within 60 days of opening. That’s enough points for a one-way Business class flight to Los Angeles or a return Business flight to Jakarta or Denpasar! With this card you’ll also earn 1 Qantas point per dollar spent, but only up to 5,000 points per month. This offer expires on 25 February 2018.
2. St George Amplify Signature – 90,000 Qantas or St George Amplify points
This card has an annual fee of $289 and comes with either 90,000 Qantas points or 90,000 Amplify Rewards points, depending on which card you choose. The Qantas points are a better deal because 90,000 Amplify points are only worth 45,000 points when transferred to a frequent flyer program such as Velocity. This credit card also comes with two annual airport lounge passes. To receive the points you’ll need to spend $5,000 within 90 days of approval.
This offer expires on 18 April 2018. Bank of Melbourne and BankSA (which, along with St George Bank, are owned by Westpac) are also offering similar sign-up deals at present.
3. Westpac Altitude Platinum – 60,000 Qantas or Westpac Altitude points
60,000 Qantas points for an annual fee on this card of $150 is about as good as it gets! Once again, we recommend choosing the Qantas version of this card as 60,000 Altitude points are worth considerably less than 60,000 Qantas points. To receive the points you’ll need to spend $3,000 within 90 days of approval. This offer expires on 31 January 2018.
4. Virgin Money Velocity High Flyer – 80,000 Virgin Velocity points
For an annual fee of $289 you’ll receive 80,000 Velocity points – more than enough points for a return Business class trip from the Australian east coast to Perth or New Zealand. You’ll also receive a $129 Virgin Australia voucher every year and two annual Virgin Lounge passes. This offer expires on 31 January 2018.
There’s one catch – to earn the bonus Velocity points, you would need to spend $3,000 per month on the card for the first 5 months. You’ll receive 16,000 points for each month that you meet this spend target. To earn the full 80,000 Velocity points you would need to spend at least $15,000 on the card.
5. Citi Prestige – 150,000 Citi Rewards points
With an annual fee of $700, the Citi Prestige is not a cheap credit card. Citi Rewards points can be transferred to over a dozen airline and hotel loyalty programs, but the earn rates are not spectacular. You’ll earn the equivalent of 0.5 Velocity points or just 0.4 Singapore Airlines KrisFlyer miles per dollar spent.
However, the card does come with some quality perks. One of these is complimentary Priority Pass Prestige membership, giving unlimited access to airport lounges all over the world to you and one guest. This alone is almost worth the cost of the annual fee.
Until 30 June 2018 you can earn 150,000 bonus Citi Rewards points if you spend at least $3,000 within 90 days of opening the card. This is equivalent to 75,000 Virgin Velocity points, or 60,000 KrisFlyer or Cathay Pacific miles. Points can also be transferred to programs like Etihad Guest, Emirates Skywards and Malaysia Airlines Enrich, but you’ll only receive 50,000 points with these airlines.
Most current credit card sign-up deals are discussed on the Australian Frequent Flyer forum: Current Credit Card Promotions
Note: 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.