Biggest bonus points offers: top credit card points offers in April

With spend on travel back on the cards – literally- for Australians again as spend on airlines on credit cards increased 70% in February, you may be curious which credit cards are offering the biggest sign up bonus points this month.

And it’s not just travel that bonus points can be redeemed for, with white goods, the latest technology and entertainment experiences some of the many perks associated with credit card rewards programs.

RateCity research has found the credit cards offering the most bonus points on sign up in April to help you compare your options, as well as view the biggest bulk points on sign up offers.

These offers may benefit different credit card customers with their own individual financial needs. Remember to compare not just the points on offer, but the interest rates and fees charged as well.

For April, these are the top three credit cards offering the greatest points bonus on sign up, according to the RateCity database:

1. 200,000 points – St. George/Bank of Melbourne/BankSA
2. 200,000 points – Citi Prestige
3. 150,000 points – Qantas Money Premier Titanium

Biggest bonus points offers: credit card leaderboard for April

RateCity’s database shows that the following credit cards are offering the highest number of bonus points on sign up for April.

This table is based on sign up points numbers only, regardless of the type of rewards offered. The program may refer to an affiliated frequent flyer rewards program or the card issuer’s internal rewards program.

Source: RateCity.com.au. Data accurate as of 05/04/22

Where could your rewards points take you?

Looking for a credit card that can take you to Europe with bonus points on sign up? RateCity research shows there are currently five credit cards offering over 110,000 Qantas frequent flyer bonus points on sign up, which is typically how many that are needed to purchase a return flight through points.

The latest RateCity research also shows that there are 22 credit cards offering enough bonus points to take eligible applicants from Sydney to Melbourne return, and 19 that may take you as far as a Sydney to Perth return trip.

Other destinations are within reach from bonus credit card points, without the higher fees and interest rates, as well as the steep minimum spending limits, often associated with the credit cards that offer the greatest amount of bonus points. You may be able to purchase a return flight to Honolulu, Bali, or Singapore with your bonus points on sign up.

From the RateCity database

According to the RateCity database (accurate as of 31/03/2022):

• The average purchase rate is 16.16%
• The average annual fee is $113.58

It’s important to keep in mind that purchase rates and annual fees are generally higher than average for rewards credit cards offering large sign up bonus points. The card issuers may also have higher minimum spending limits as they are often designed as premium credit cards for customers with higher incomes.

These costs typically help to pay for credit card rewards programs and are to be expected when shopping for higher tier credit cards. But if paying for higher annual fees and purchase rates doesn’t suit your budget, there are lower rate and fee options available. Use the above figures during your comparison as a benchmark to help you identify how options fit on a scale of high to low fees and rates.

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