Credit cards offering the biggest sign-up rewards points bonuses in July

On the hunt for the biggest credit card reward points bonuses this month? Points chasers may  want to consider some of July’s competitive credit cards offering bulk six-figure reward points bonuses. 

It’s no secret that earning rewards points can be a costly and time consuming process. This is why sign-up bonuses are so competitive. This July, you have a range of competitive options with sign-up bonuses that start from 100,000 points and go all the way up to 275,000 points. 

These credit cards currently offer the highest sign-up points bonuses:

• 275,000 points – Citi Prestige
• 180,000 points – ANZ Rewards Black
• 150,000 points – St. George/Bank of Melbourne/BankSA Amplify Signature
• 150,000 points – Bank of Queensland Platinum Visa
• 150,000 points – Qantas Money Premier Titanium

Credit card rewards points are typically redeemed through the provider's rewards program in exchange for generous perks. This includes anything from plane tickets and luxury accommodation, to new appliances, electronics, and much more.

Let’s explore credit card options that offer generous rewards on sign up. 

Credit card bonus points offers: July

Source: RateCity.com.au. Data accurate as of 13/07/2023.

What to keep in mind about reward points bonuses

Each credit card provider will have its own unique rewards programs, with the value of its points varying significantly. This means, while one credit card may offer a bonus of 50,000 points, those points might hold less purchasing power compared to another credit card's rewards program.

This is why it’s worthwhile researching the true value of a credit card’s rewards points before you sign up. Visit the issuer’s website and evaluate how far your points could go in terms of standard items like toasters or kettles, as well as the travel perks they offer, such as flight upgrades.

Credit card issuers collaborate with various affiliated retailers through their rewards programs. However, not all of these partners may align with your spending habits or lifestyle. For example, if you primarily fly with Qantas but choose a Virgin Velocity frequent flyer credit card for its sign-up points offer, the benefits may not outweigh the costs. Ensure the issuer you prefer is affiliated with goods and services that you will actually use.

Remember, there's more to a credit card than just the rewards program. It's crucial to compare essential factors such as interest rates, upfront and ongoing fees, and the number of interest-free days provided. Choosing a card that aligns with your needs and goals will always offer greater value.

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