Credit cards with the biggest bulk points on sign up in September

Rewards points are some of the most coveted benefits offered by credit card providers in Australia, and this month, there are ten credit cards offering six-figure bulk points bonuses on sign up.

As more and more Australians pack their bags for overseas trips, following years of pandemic-related restrictions, you could be considering a credit card that may cover the cost of your flights through bonus points on sign up. Bonus points may also be exchanged for additional perks, like rental car hire and hotel upgrades.

According to the RateCity database, the top credit cards offering the greatest points bonus on sign up in September 2022 are:

1. 200,000 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

Credit card bonus points offers - leaderboard for September

For September, ten credit cards are available offering a high number of bonus points on sign up for eligible customers.

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 12/09/22

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

According to the RateCity database (accurate as of 31/08/2022):

• The average purchase rate is 16.24%
• The average annual fee is $135.42

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

For customers considering credit cards with big bulk points on sign up, you’ll likely pay higher interest rates or fees for premium offerings like this, compared to the market average.

Generally speaking, this is because these costs help to pay for the rewards programs. Further, these credit cards often come with higher income thresholds and spending requirements, meaning it is assumed if you are applying for a premium card then you can afford these costs.

If a premium credit card doesn’t suit your budget, consider comparing some of the lower rate and fee credit card options available.3

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