The biggest credit card bonus points deals this December – up to 300k points on offer

Australia’s love affair with plastic isn’t going anywhere soon, and for points chasers, you may be curious to know which credit cards are offering the biggest points bonuses on sign up this month.

Rewards points can be exchanged for generous perks, such as flight upgrades, hotel upgrades and much more. Earning bonus points on sign up is a popular strategy some Australians utilise to boost their available points.

In December, there are ten credit cards offering six-figure bulk points bonuses on sign up. According to the RateCity database, the top credit cards offering the greatest points bonus on sign up in December 2022 are:

1. 300,000 points – Citi Prestige
2. 150,000 points – St. George/Bank of Melbourne/BankSA Amplify Signature
3. 150,000 points – Qantas Money Premier Titanium
4. 150,000 points – Bank of Queensland Platinum Visa
5. 150,000 points – ANZ Rewards Black

Credit card bonus points offers - leaderboard for December

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 15/12/22

It’s worth noting that different credit card issuers have their own rewards program. These programs are partnered with different affiliated stores, with the value of each issuer’s points also differing. For example, 50,000 points with one credit card rewards program may hold less purchasing power than 50,000 points with another credit card rewards program.

It's crucial that you do your own research around which rewards program best suits your goals and financial situation, and that you check the issuer’s T&Cs to ensure you’re familiar with how it values its points.

Also keep in mind that there is more to a credit card than the points on offer, and these offers may benefit customers differently, as each has their own individual financial needs and situation. Consider comparing more than the bonus points on offer, such as the interest rates, fees and number of interest-free days, as well.

Comparing credit cards: from the RateCity database

If you’re shopping around for your next reward points credit card, you may be curious to know how that card sits in comparison to other options.

According to the RateCity database (accurate as of 30/11/2022):

• The average purchase rate is 16.15%
• The average annual fee is $136.76

You can use these figures as a benchmark for your comparison to help you determine how competitive different card options may be. 

Generally speaking, credit cards with big bulk points on sign up may come with higher rates and fees to help pay for the rewards programs. Further, these cards often come with higher income thresholds to meet and greater minimum spending requirements. It is expected that new customers should be able to afford these higher costs as they tend to be premium cards. 

If a premium credit card doesn’t suit your budget, consider comparing some of the lower rate and fee options available.

Compare credit cards