RateCity.com.au
  1. Home
  2. Credit Cards
  3. News
  4. May’s credit cards offering the biggest sign-up rewards points bonuses

May’s credit cards offering the biggest sign-up rewards points bonuses

Alex Ritchie avatar
Alex Ritchie
- 3 min read
article cover image

If you’re on the hunt for a credit card offering generous rewards points on sign up, look no further. Points chasers may want to take advantage of May’s competitive credit cards offering bulk six-figure reward points bonuses on sign up. 

RateCity has compiled a list of credit cards offering the largest points bonuses on sign up for May 2023. 

Suncorp Group Limited
Suncorp Bank Clear Options Platinum Credit Card
  • Apple & Samsung Pay
  • Balance transfer
Bonus Points

Receive 140,000 bonus Suncorp Credit Card Rewards Points when you spend $4,500 on eligible transactions in the first 3 months from approval.

Enjoy a bonus 120k points on sign up and complementary travel insurance with this competitive rewards credit card offer from Suncorp.

Purchase rate p.a.

20.74%

Annual fee

$99

for 12 months then $129 thereafter

More detailsclick for more details

This month, there are 10 credit card options for bulk bonus points on sign up, ranging from 100,000 points to 300,000 points. The cards offering the greatest points bonus on sign up at the time of writing are:

  1. 300,000 points – Citi Prestige
  2. 180,000 points – ANZ Rewards Black
  3. 150,000 points – St. George/Bank of Melbourne/BankSA - Amplify Signature
  4. 150,000 points – Bank of Queensland Platinum Visa
  5. 150,000 points – Qantas Money Premier Titanium

Accumulating rewards points can take years, and may require you to spend thousands of dollars to do so, which is why sign-up bonuses can be so competitive for customers. These bonus points can be redeemed through the provider's rewards program for an array of perks, including plane tickets, hotel upgrades, home appliances, electronics, and more.

Now is the ideal time to explore credit card options that offer substantial rewards and elevate your points game to new heights.

Credit card bonus points offers: May leaderboard

Provider

Card

Program

Points

CBA

Ultimate Awards

CommBank Award Points

100,000

Bankwest

More World Mastercard

More Rewards

115,000

Suncorp

Clear Options Platinum Credit Card

Suncorp Credit Cards Rewards Program

120,000

Westpac

Altitude Black

Altitude Points

140,000

NAB

Rewards Signature

NAB Rewards Points

140,000

St.George Bank/Bank of Melbourne/BankSA

Amplify Signature

Amplify Points

150,000

Bank of Queensland

Platinum Visa

Q Rewards points

150,000

Qantas Money

Premier Titanium

Qantas Frequent Flyer

150,000

ANZ

Rewards Black

ANZ Rewards

180,000

Citi

Prestige

Citi Reward Points

300,000

Source: RateCity.com.au. Data accurate as of 12/05/2023

What to keep in mind about reward points bonuses

It's vital to keep in mind that credit card providers have their own distinct rewards programs, and the value of their points will vary. This means that while one credit card may offer 50,000 points as a bonus, those points might hold less purchasing power compared to another credit card's rewards program

Before you simply sign up for the credit card with the largest points bonus, it's worthwhile researching the true value of these points. Visit the provider's website and assess the points' worth in terms of standard items like toasters or kettles, as well as travel perks 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. Ensure that the card issuer you prefer has established connections with goods and services that you will genuinely use. For instance, if you primarily fly with Qantas but opt for a Virgin frequent flyer affiliated credit card solely due to its enticing sign-up points, the benefits may not outweigh the costs.

Above all, always remember that there is more to a credit card than the sign-up bonus points offered. Be sure to compare crucial factors such as the interest rates, upfront and ongoing fees, and the number of interest-free days. Choosing a card that aligns with your needs and goals will always offer greater value than solely focusing on the sign-up bonus.

Compare credit cards

Product database updated 24 Dec, 2024

This article was reviewed by Personal Finance Editor Peter Terlato before it was published as part of RateCity's Fact Check process.

Promoted credit cards

Latitude Financial Services Aus Holding Pty Ltd credit cardLatitude Financial Services Aus Holding Pty Ltd

Latitude Financial Services Latitude Low Rate Mastercard- Rewards Offer

  • Special
  • Apple, Google & Samsung Pay
  • Balance transfer
  • Low annual fee

Purchase rate p.a.

13.99%

Annual fee

$69

More detailsclick for more details

Australian Credit Licence 392145
Fees & charges apply

Kogan Australia Pty Ltd (Kogan Money) credit cardKogan Australia Pty Ltd (Kogan Money)

Kogan Money Black Card

  • RateCity Exclusive
  • Apple & Google Pay
  • Balance transfer
  • No annual fee

Purchase rate p.a.

0.00%

for up to 10 months, then 21.99%

Annual fee

$0

More detailsclick for more details

Australian Credit Licence 286655
Fees & charges apply

Latitude Financial Services Aus Holding Pty Ltd credit cardLatitude Financial Services Aus Holding Pty Ltd

Latitude Financial Services Latitude Low-rate Card- Balance Transfer Offer

  • Balance Transfer
  • Apple, Google & Samsung Pay
  • Balance transfer
  • Low annual fee

Purchase rate p.a.

13.99%

Annual fee

$69

More detailsclick for more details

Australian Credit Licence 392145
Fees & charges apply

First Option Credit Union Limited credit cardFirst Option Credit Union Limited

First Option Bank Low Rate Visa Credit Card

  • Special
  • Apple, Google & Samsung Pay
  • Balance transfer
  • Low annual fee

Purchase rate p.a.

10.49%

Annual fee

$0

for 12 months then $48 thereafter

Australian Credit Licence 236509
Fees & charges apply

product data updated on

Product data updated on 24 Dec 2024