Biggest bonus points offers - Top credit card points offers in February

Attention points chasers – here’s the lowdown on where to find the biggest credit card bonus points on sign up for February.

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

That being said, these are the top three credit cards offering the greatest points bonus on sign up for February:

• 200,000 points - St George / Bank of Melbourne / BankSA Amplify Signature
• 200,000 points – Citi Prestige
• 180,000 points – Westpac Altitude Black

Biggest bonus points leaderboard for February

According to the RateCity database, these are the credit cards offering the greatest number of bonus points on sign up, regardless of the type of rewards offered. The program may refer to an internal rewards program, or an affiliated frequent flyer rewards program.

Credit card bonus points leaderboard

Source: RateCity.com.au. Data accurate as of 04/02/22

What is the best credit card rewards program?

Choosing a credit card that best suits you involves comparing several factors, one of which includes the rewards program the issuer is affiliated with.

If you’re not sure which credit card rewards program to choose, it may be worth considering your current spending habits. Assess where are you spending the most money as this may help show which rewards program offers you the best value.

Are you a fan of buying white goods and nabbing clothing discounts? An internal rewards program may be a better suit. Are you looking to travel overseas soon? A large points bonus on sign-up could help pay for your ticket. Are you an avid frequent flyer with Qantas, for example? Earning Qantas points on your everyday spending may be a worthwhile option.

For more detailed information on the rewards program offered by your ideal card issuer, please read the product disclosure statement on their website.

From the RateCity database

According to the RateCity database (accurate as of 31 January):

• The average purchase rate is 16.17%
• The average annual fee is $133.58
• The number of credit cards without annual fees is 35, 19.66% of the credit card market.

It’s important to keep in mind that annual fees typically help to pay for credit card rewards programs and are par for the course.

But if paying for annual fees and purchase rates doesn’t suit your budget, you can keep the above figures in mind during your comparison. This way you know where your options fit on a scale of high to low fees and rates in the market.

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