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Biggest credit card reward points bonuses on sign up: September 2023

Alex Ritchie avatar
Alex Ritchie
- 4 min read
Biggest credit card reward points bonuses on sign up: September 2023

If you’re on the hunt for a credit card with generous bulk bonus rewards points on approval, you’re in luck. There are a range of credit card providers offering six-figure reward point bonuses on sign up this month. 

This month, there are nine credit card issuers offering competitive six-figure bulk bonus rewards points ranging from 100,000 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

Points chasing, or points hacking, is a popular credit card strategy that helps cardholders to quickly accrue rewards points. This is most commonly used to accrue bulk frequent flyer points to help cardholders cover the cost of domestic and international travel. 

If this is how you use credit cards, knowing which issuers are offering the biggest rewards points bonuses may help you nab a competitive deal this month. 

Credit card bonus points offers: September

Provider

Card

Program

Points

Citi

Prestige

Citi Reward Points

275,000

ANZ

Rewards Black

ANZ Rewards

180,000

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

Westpac

Altitude Black

Altitude Points

140,000

NAB

Rewards Signature

NAB Rewards Points

140,000

Suncorp

Clear Options Platinum Credit Card

Suncorp Credit Cards Rewards Program

120,000

CBA

Ultimate Awards

CommBank Award Points

100,000

Source: RateCity.com.au. Data 13/09/2023. 

What to keep in mind about reward points bonuses

Reward points are typically redeemed through the provider's rewards program, and can be exchanged for perks like electronics and appliances, to flights, accommodation and much more. 

Earning enough rewards points to nab these perks can be a time consuming and costly process. This is why sign-up reward points bonuses can be so competitive for credit card customers. 

However, there are still risk factors you need to consider before signing up for your next credit card.

Points purchase power

Each credit card provider has its own reward program, and the value of the points will differ for each program. Put simply, 50,000 points with one credit card rewards program may not hold the same purchasing power as 50,000 points with another credit card rewards program. This is because the value of a point may not be equal to that of another provider’s rewards program.

It’s worthwhile researching the cost of these perks before you sign up. Hop online and look at different credit card provider’s rewards programs to see how far your points could go. A good rule of thumb is to compare standard items like toasters or kettles. 

Affiliated retailers

Not every store or brand that a credit card issuer is affiliated with will suit your spending habits or lifestyle. It’s important to ensure that the card provider you choose offers goods and services that you will actually use. Otherwise the time, money and effort required to be eligible for these cards may not be worthwhile. 

For example, if you usually fly with Qantas but choose a Virgin Velocity frequent flyer credit card because it has a large sign-up points offer, the benefits may not outweigh the costs over time. 

Compare rates and fees

There is more to a credit card than just the rewards program and points offered on sign up. 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 spending habits will always offer greater value.

Compare credit cards

Product database updated 22 Jun, 2024

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

Promoted credit cards

ANZ Banking Group Limited credit cardANZ Banking Group Limited

ANZ Low Rate (Credit Back Offer)

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

Purchase rate p.a.

13.74%

Annual fee

$58

More detailsclick for more details

Australian Credit Licence 234527
Fees & charges apply

ANZ Banking Group Limited credit cardANZ Banking Group Limited

ANZ Rewards Black

  • Bonus Points
  • Apple, Google & Samsung Pay
  • Balance transfer

Purchase rate p.a.

20.99%

Annual fee

$375

More detailsclick for more details

Australian Credit Licence 234527
Fees & charges apply

ANZ Banking Group Limited credit cardANZ Banking Group Limited

ANZ Rewards Platinum (Points offer)

  • Bonus Points
  • Apple, Google & Samsung Pay
  • Balance transfer

Purchase rate p.a.

20.99%

Annual fee

$149

More detailsclick for more details

Australian Credit Licence 234527
Fees & charges apply

ANZ Banking Group Limited credit cardANZ Banking Group Limited

ANZ Low Rate (Balance Transfer Offer)

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

Purchase rate p.a.

13.74%

Annual fee

$0

for 12 months then $58 thereafter

More detailsclick for more details

Australian Credit Licence 234527
Fees & charges apply

product data updated on

Product data updated on 22 Jun 2024