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

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 Bank Clear Options Platinum Credit Card

• Apple & Samsung Pay
• Balance transfer

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 details

FeaturedAustralian Credit Licence: 229882 Suncorp Bank terms and conditions

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

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.

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