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.
American Express Platinum Edge Credit Card Offer
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.
Compare cards with introductory offers and apply securely
Factors to consider with a sign-up bonus credit card
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.Back to top