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Credit cards offering the biggest sign-up rewards point bonuses in July 2024
Signing up for a new credit card may be able to net you a six-figure points bonus, to be redeemed for retail discounts and other exclusive deals. But points hackers must beware that you’ll need to fulfil the card’s terms and conditions to qualify for these bonus points, such as making a minimum spend within the introductory period.
Points hacking allows credit card holders to be rewarded for their spending and access exclusive offers from credit card reward points. Some rewards programs offer travel and holiday bonuses, while others offer access to retail discounts and other exclusive deals.
This month, there are several credit card options offering competitive six-figure bulk bonus rewards points ranging from 150,000 to 275,000 points.
Credit cards offering the highest sign up Rewards Points in July 2024
Card | Company | Purchase Rate % | Points | Conditions |
Citi Prestige Card (Citi Rewards Program) | Citi | 21.49 | 275,000 | Spend $10,000 within first 90 days |
Citi Premier Card | Citi | 21.49 | 200,000 | Spend $7,000 within first 90 days and earn 150,000 bonus points and 50,000 bonus points if keep the card for 1year. |
Rewards Black | ANZ Banking Group Limited | 20.99 | 180,000 | 180,000 ANZ Reward Points and $150 cashback when spend $3,000 within first 90 days |
Rewards Signature Card | National Australia Bank Limited | 20.99 | 18,000 | 130,000 bonus points when spend $3,000 within first 60 days and 50,000 bonus points when keep the card for over 1 year. |
Amplify Signature (Amplify Rewards) | St.George Bank | 20.99 | 150,000 | Spend $12,000 |
Altitude Black (Altitude Rewards) | Westpac Banking Corporation Ltd | 20.99 | 150,000 | 100,000 Rewards Points in year 1 when spend $6k within first 120 days and 50,000 points after first eligible purchase in year 2 |
Source: RateCity.com.au. Data accurate as of 03/07/2024.
What to remember about rewards point bonuses
Points hacking isn’t the credit card strategy for everybody. Rewards credit cards often charge higher interest rates and fees than other alternative options, so it’s important to consider whether you can comfortably afford the repayments required on a rewards credit card on your household budget.
To get a better idea of if a reward credit card could be right for you, you may want to calculate if the value of the bonus reward points and any other points you may earn as part of your regular household spending, and compare this to the cost of any interest and fees you may need to pay.
For example, if you don’t think you’ll be able to repay the minimum spending amount required to receive bonus reward points within the interest-free period, those points could cost more than you’d like to pay. It could be worth also comparing some more basic “no-frills” credit cards and considering if one of these options could also suit your needs.
It's also worth keeping in mind that the points from some rewards points could go farther than others when shopping. Before signing up, it may be worth looking at how the points can be redeemed to get a better idea of the value they could offer you.
When comparing credit cards, you may get the most value from a card that aligns with your household’s needs and financial goals. Compare a range of different options before applying for any rewards credit card deals, and consider seeking professional financial advice.
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Product database updated 08 Sep, 2024
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