Earn 300k bonus points on sign up with October’s top credit cards

Attention points chasers: this month, there are up to 300,000 bonus credit card points on offer 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 October, 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 October 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

Credit card bonus points offers - leaderboard for October

For October, 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 11/10/22

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 11/10/2022):

• 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.

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