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 May 2018:
1. Virgin Money Velocity High Flyer – 120,000 Velocity points
Virgin Money’s latest deal is even better than last month’s! There are up to 120,000 bonus Velocity points available with this sign-up offer. That’s enough for 15 one-way flights between Sydney and Melbourne! But 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.
With this card you’ll earn 1 Velocity point per dollar, up to $8,000 per month. You’ll also get a $129 Virgin Australia voucher and two annual Virgin lounge passes per year. This sign-up bonus points offer expires on 30 June 2018.
2. NAB Qantas Rewards Signature – 100,000 Qantas points
This excellent NAB offer is still available until 17 June 2018. The NAB Qantas Rewards Signature card has a $395 annual fee but comes with a whopping 100,000 bonus Qantas points if you spend at least $4,000 on the card within 60 days of opening. That’s enough points for a one-way Business class flight from Sydney to San Francisco (plus taxes and carrier charges). With this card you’ll also earn 1 Qantas point per dollar spent, but only up to 5,000 points per month.
3. St George Amplify Signature – 90,000 Qantas points
This offer has been extended until 26 September 2018. For an annual card fee of $289, you can earn 90,000 Qantas points. The St George Amplify Signature card also comes with two annual Qantas Club passes. To receive the points you’ll need to spend $4,000 within 90 days of approval. Bank of Melbourne and BankSA (which, along with St George Bank, are owned by Westpac) are also offering similar sign-up deals at present. There’s also an offer of 90,000 Amplify points when opting in to Amplify Rewards, but these are only worth 45,000 points when transferred to Virgin Velocity, KrisFlyer or Malaysia Airlines Enrich.
4. Qantas Premier – 80,000 Qantas points
This card is offering a 80,000 Qantas points for an annual fee of $299. 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. To earn the full amount of bonus points, you would need to spend $3,500 on the card each month for the first two months. Offer expires 30 June 2018.
5. Citi Prestige – 150,000 Citi Rewards points
150,000 Citi Rewards points sounds impressive. Unfortunately they’re only equal to 75,000 Velocity points, 60,000 Singapore Airlines KrisFlyer miles or 50,000 Garuda Airlines miles once transferred – but that’s still a valuable amount of points. 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.
With an annual fee of $700, the Citi Prestige is not a cheap credit card. But it does come with 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 around $530. So if you’re thinking of signing up for Priority Pass anyway, this isn’t a bad way to also earn some bonus points at the same time. Citi Rewards points can be transferred to over a dozen airline and hotel loyalty programs, but the earn rates are not spectacular.
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.