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Sign-up bonus credit cards

Sign-up bonus credit cards provide attractive introductory offers, including bonus points, travel credits, promotional interest rates and other perks.

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To make a credit card more attractive to consumers, providers often offer a ‘sign-up bonus’ as a reward for applying. This incentive could be something like a promotional interest rate, cashback or bonus points if you spend a certain amount on the card in 90 days.

If you need a credit card and think the sign-up bonus will save you money or you’ll use the rewards, it’s best to weigh up all the pros and cons first. If you can’t meet the spending requirement, it could leave you paying more at the end of the day. Here are some factors to consider with a sign-up bonus credit card.

What interest rates are being offered?

Interest rates are always a central focal point, as a lower rate can save you considerable money in the long run. Therefore, you need to be sure you understand the interest rate on offer, and whether the card only charges low interest at specific times.

Where cards concentrate on frequent purchase rewards as the primary special offer, be sure the purchase rate is sustainable or make sure you pay your card in full every month, so you don’t pay interest. Looking at the long-term impact of acquiring a new credit card is safer than concentrating on the immediate short-term rewards.

Is a sign-up bonus credit card right for me?

This question depends on an individual’s specific circumstance. For example, if you have a high-interest credit card with over $10,000 owing, and you plan to repay it in less than a year, then switching to a 0% transfer balance card for 12 months is an excellent idea.

Or, if you spend significant amounts on your credit card every month and always pay the balance in full, then regular purchase specials give you additional perks for something you do anyway.

But if you already have a great card that has low interest and low fees, then moving to another card just because of a sign-up bonus doesn’t make sense.

How and where can I apply for my sign-up bonus credit card?

The simplest way to obtain a sign-up bonus credit card is to look at the existing options available in the below comparison table. After comparing the credit cards and identifying the best credit card for you, click on the “Apply” button and complete the form. If you would like to know a little more about the card, then click on “More info” link.

Once approved, how long does it take before I receive the sign-up bonus credit card?

After approval, the specific bank will post your new credit card, and you should receive it within a week. For security reasons, the credit card is not activated until it safely arrives at your home. As soon as it is activated, you can immediately use your credit card and earn reward points.

American Express Platinum Edge Credit Card

American Express Platinum Edge Credit Card

19.95 % APR

Purchase interest rate

Eligibility criteria, terms and conditions, fees and charges apply

American Express Platinum Edge Credit Card

The American Express Platinum Edge Credit Card offers a low interest rate on purchases. Earn 20,000 Membership Rewards bonus points when you apply online and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.

  • Annual fee: $149 p.a.
  • Purchase rate (p.a): 2.99% APR for 6 months (reverts to 19.95% APR) on purchases
  • Cash advance rate: 21.95% APR
  • Up to 55 days interest free
  • Minimum Income Requirement of $50,000 p.a.
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Promoted

Compare cards with introductory offers and apply securely

Data indicated here is updated regularly
Name Product Purchase Rate Interest Free Period Annual Fee
American Express Airpoints Card
0% for 6 months (reverts to 19.95% APR)
Up to 55 days on purchases
$0 p.a.
Be rewarded with 50 bonus Airpoints Dollars. Simply apply, be approved, and spend $750 on your new Card in the first 3 months of membership. This offer is available to new Card Members only.
American Express Airpoints Platinum Card
19.95% APR
Up to 55 days on purchases
$195 p.a.
Be rewarded with 400 bonus Airpoints Dollars when you apply online by 30 March 2021, are approved, and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members only. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
American Express Platinum Edge Credit Card
2.99% for 6 months (reverts to 19.95% APR)
Up to 55 days on purchases
$149 p.a.
Enjoy a low rate on purchases and earn 20,000 Membership Rewards Bonus Points if you apply, are approved and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.
American Express Platinum Card
N/A
Up to 44 days on purchases
$1,250 p.a.
A charge card with premium travel benefits. Plus up to 80,000 Membership Rewards Bonus Points when you spend $1,500 on your card within the first 3 months, available to new Card Members only.
Farmers Mastercard
25.95% APR
Up to 55 days on purchases
$50 p.a.
ANZ CashBack Visa Credit Card
19.95% APR
Up to 55 days on purchases
$60 p.a.
Limited time offer: $0 annual card fee for the first year for new ANZ CashBack Visa cards. T&Cs apply
Westpac hotpoints Mastercard
20.95% APR
Up to 55 days on purchases
$44 p.a.
Westpac Airpoints Platinum Mastercard
20.95% APR
Up to 44 days on purchases
$150 p.a.
Flight Centre Mastercard
22.95% APR
Up to 44 days on purchases
$50 p.a.
Westpac Airpoints World Mastercard
16.95% APR
Up to 44 days on purchases
$390 p.a.
ANZ CashBack Visa Platinum Credit Card
19.95% APR
Up to 55 days on purchases
$80 p.a.
Limited time offer: $0 annual card fee for the first year for new ANZ CashBack Visa Platinum cards. T&Cs apply.
Westpac BusinessPlus Mastercard
20.95% APR
Up to 55 days on purchases
$100 p.a.
Westpac hotpoints World Mastercard
16.95% APR
Up to 44 days on purchases
$390 p.a.
ANZ Airpoints Visa Platinum Credit Card
19.95% APR
Up to 44 days on purchases
$150 p.a.
Limited time offer: $0 annual card fee for the first year for new ANZ Airpoints Visa Platinum cards. T&Cs apply
Westpac Airpoints Business Mastercard
20.95% APR
Up to 44 days on purchases
$145 p.a.
Westpac hotpoints Platinum Mastercard
20.95% APR
Up to 55 days on purchases
$119 p.a.
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Conclusion

A sign-up bonus credit card is a great way to use purchasing power to your benefit, as it can earn you great rewards or save you from high-interest payments. Credit card companies always make money, so no matter how good a deal looks, be sure you understand the fine print, fees and conditions.

It should always be your goal to eliminate or reduce credit card debt first, so don’t be tempted to get into further debt simply for the sake of a sign-up bonus, unless it serves your purpose.

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