Sign-up bonus credit cards

Sign-up bonus credit cards provide attractive introductory offers, including bonus points, travel credits, $0 annual fees, promotional interest rates and other perks.

On closer inspection, it is apparent that the interest rate on additional purchases and card fees are higher compared to other credit cards. Some cards waive card fees as a sign-up bonus for a particular period, but then may not provide as many rewards, while others offer 0% interest for a specific period on balance transfers.

If you look at a special offer; consider all the factors, and feel you can utilise the bonus offers while saving money or gaining rewards that you will use, a sign-up bonus can be useful. However, do not apply without weighing up all the pros and cons, as this could leave you paying more at the end of the day.

Our top pick: American Express Platinum Edge Credit Card

Receive 20,000 Bonus Points

2.99 % p.a.

for 6 months on purchases

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100% confidential application

Our top pick: 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.

  • 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.
Promoted

Compare cards with introductory offers and apply securely

Updated October 15th, 2019
Name Product Purchase rate (p.a.) Annual fee Minimum Income
N/A
$1,250 p.a.
$100,000
A charge card with premium travel benefits and up to 80,000 Membership Rewards Bonus Points when you spend on your card within the first 3 months.
2.99% for 6 months (reverts to 19.95% APR)
$149 p.a.
$50,000
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.
19.95% APR
$195 p.a.
$65,000
Receive 300 bonus Airpoints Dollars when you apply by 14 October 2019 and are approved. Spend a minimum of $1,500 in the first 3 months and earn 1 Airpoints Dollar for every $59 you spend on your card.
0% for 6 months (reverts to 19.95% APR)
$0 p.a.
$35,000

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.

Compare up to 4 providers

Factors to consider with a sign-up bonus credit card

Conclusion

A sign-up bonus credit card is a great way to use your purchase 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, so do not be tempted to get in further debt for the sake of a sign-up bonus, unless it serves your purpose.

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