Credit cards offering the biggest rewards points bonuses on sign up: March 2023

Attention points chasers! Wondering which credit cards are offering the biggest bulk rewards points bonuses on sign up this month? RateCity has you covered with our list of credit cards with the biggest bonus rewards points this March. 

This month, there are 12 credit card options for bulk bonus points on sign up, ranging from 100,000 points to 300,000 points. 

According to the RateCity database, the cards offering the greatest points bonus on sign up in March 2023 are:

• 300,000 points – Citi Prestige
• 150,000 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

When it comes to credit cards, rewards programs and their perks are one of the main draws for Australians to sign up for them in the first place. Rewards points may be exchanged through these programs for generous benefits like flight tickets, hotel upgrades, as well as white goods, electronics, new appliances and much more. 

Accruing rewards points can take years of spending, which is where sign up bonuses come in. These upfront offers can be a competitive way that some cardholders can boost their reward point balances to afford big-ticket perks. 

Credit card bonus points offers: March leaderboard

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 09/03/2023

What to keep in mind about reward points bonuses

Please note that different card issuers have different rewards programs and the value of each issuer’s points will differ. 

For example, 50,000 points with one credit card rewards program may hold less purchasing power than 50,000 points with another credit card rewards program. Before you sign up for the credit card with the largest points bonus, consider researching what these points could actually be exchanged for.  

Also, card issuers partner with a range of affiliated retailers through their rewards programs - not all of which may suit your lifestyle. It’s crucial you ensure the issuer you prefer is linked to goods and services you will actually use. For example, if you only ever fly Qantas but choose a Virgin frequent flyer affiliated credit card because of the bulk points offered on sign up, this may not suit your needs. 

Most importantly, keep in mind that there is more to a credit card than the rewards points offered on sign up. Take time to do your own research around which rewards program best suits your goals and financial situation. Rewards credit cards generally come with higher annual fees to help cover the cost of these perks. Be sure to check the issuer’s T&Cs to ensure you’re familiar with how it values its points.

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