Credit cards offering up to 300k bonus points on sign up: how to nab a points bonus

• Note: This article was originally published with the title 'Credit cards offering up to $300k bonus points on sign up: how to nab a points bonus'. This included a typo, and has been amended. 

Attention points chasers: looking for the biggest points bonuses on credit cards for November? This month, there’s up to 300,000 bonus credit card points up for grabs for those who know where to look.

Earning rewards points on sign up is one strategy some cardholders use to earn as many points as possible, in exchange for generous perks like flights, hotel upgrades, and more.

In November, 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 November 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 November

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 09/11/22

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

When you’re shopping around for your next reward points credit card, it can be worthwhile understanding where that card sits in comparison to other options.

According to the RateCity database (accurate as of 31/10/2022):

• The average purchase rate is 16.30%
• The average annual fee is $135.15

Consider using these figures throughout your comparison as a benchmark to assess how competitive different card options are.

It’s important to note that for credit cards with big bulk points on sign up, you’ll typically need to pay higher interest rates or fees for these premium offerings. Higher costs help to pay for these rewards programs.

Further, as these cards typically come with higher income thresholds to meet, as well as higher minimum spending requirements, it’s expected that you’ll be able to afford higher costs if you’re applying to a more premium card.

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

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