Credit cards offering the biggest bulk points offers on sign up in August

If you’re on the hunt for the credit cards with the biggest bulk points on sign up, RateCity has compiled a list of competitive options from leading credit card issuers in Australia.

Rewards points are one of the most coveted benefits offered by credit card issuers. Points chasers looking to earn bulk rewards points may want to compare some of the premium credit cards offering six-figure points on sign up this August.

And with more Australians looking to travel, following the easing of strict pandemic-related border restrictions, rewards points on sign up is one way some travellers could make the cost of flying a little cheaper in 2022. It’s not just sign-up points that may help travellers, with complimentary travel insurances and flight or hotel upgrades, often provided by premium credit cards such as these.

According to the RateCity database, the top credit cards offering the greatest points bonus on sign up in August 2022 are:

1. 200,000 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 August

For August, the following credit cards are offering the highest 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 08/08/22

Keep in mind that these offers may benefit different credit card customers with their own individual, financial needs. You should always consider comparing more than just the bonus points on offer, including card factors like the interest rates, fees, and number of interest free days offered.

Comparing credit cards: from the RateCity database

Keep in mind that there is more to a credit card than the bonus points on offer. According to the RateCity database (accurate as of 30/06/2022):

• The average purchase rate is 16.21%
• The average annual fee is $137.70

Consider using these figures throughout your comparison as a benchmark to assess how competitive different card options are.

It’s worth noting that you’re more likely pay higher interest rates or fees on premium credit cards like these, compared to the market average. Generally speaking, these higher costs help to pay for the rewards programs, and it’s assumed that if you are applying for a premium credit card, you can afford these higher costs.

This is because these credit cards often come with more strict eligibility around income, targeting higher income earners. They may also offer higher monthly minimum spending limits, or higher credit limits, as a result.

If higher than average interest rates and fees doesn’t suit your budget, consider comparing some of the lower rate and fee credit card options available.

Compare credit cards