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

Bulk rewards points on sign up are one of the key benefits that credit cardholders look for when searching for their ideal credit card. 

If you’re a points chaser on the hunt for a major points bonus, RateCity has you covered with our list of credit cards offering the largest points bonuses on sign up. 

This month, there are 10 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 April 2023 are:

1. 300,000 points – Citi Prestige
2. 150,000 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

Accruing rewards points can take years of spending, which is why sign up points can be such a draw for some customers. Rewards points may be exchanged through the provider’s rewards program for perks like plane tickets, hotel upgrades, as well as white goods, electronics, new appliances and much more. 

Credit card bonus points offers: April 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 20/04/2023

What to keep in mind about reward points bonuses

It’s crucial that you keep in mind that different providers have different rewards programs and the value of each provider’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. Hop online to the provider’s website and take stock of the points cost for basic items, such as a new toaster or kettle, as well as travel perks like a flight upgrade.      

Card issuers partner with a range of affiliated retailers through their rewards programs, and it’s important to remember not all of which will match your spending needs or your lifestyle. Ensure the card issuer you prefer has linked its rewards program with 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 be worthwhile. 

Rewards credit cards also 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.

Most importantly, always remember there is more to a credit card than the rewards points offered on sign up. Take stock of factors, such as the interest rate on purchases and cash advances, as well as any fees charged or the number of interest-free days offered. Choosing a card that suits your needs and goals will always be more valuable than a sign-up bonus. 

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