5 new credit card incentives you need to know about

Ben Tosi

02 Nov 2017

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Providers are upping their game ahead of the Christmas shopping season with the Mozo database seeing a range of inviting changes to existing credit card products over the past few days.

The incentives include new cashback offers, extensions to 0% balance transfer periods, cuts to purchase rates and special bonus point offerings from no less than five credit card providers.

“Credit card providers might be looking to entice customers with these special offers, ahead of the festive season,” said Mozo Director, Kirsty Lamont.

RELATED: Want to earn Qantas Points by booking an Uber? Now you can

“This time of year represents a good chance for Aussies to nab a deal on their new credit card, but which one you choose really does depend on what you plan on using the card for. Make sure you consider not only the freebies on offer, but whether the card is a good choice for you in general,” said Lamont.

Find out who have headlined the most recent changes and what is now on offer:

1. Bonus point offering

If you’re after a quick way to accrue some serious points, ANZ have upped the bonus point offer for holders of its Frequent Flyer Platinum Card. Travel lovers can now earn a whopping 65,000 Qantas Points simply by spending $2,500 on the card within the first three months.

2. Exclusive membership

Spend a lot of money on wine, especially heading into the festive season? Yesterday saw Mozo’s Provider of the Year, American Express add a completely new feature to its Experts Choice winning Qantas Ultimate Card - complimentary Qantas epiQure Premium Membership.

Choose from a range of boutique wines and produce that won’t just taste great but will also earn you bonus Qantas Points.

3. Budget savvy

If you’re after something a little less extravagant, then the newly renamed Bank of us has made some fresh and frugal alterations to its Visa Credit Card. The changes include waiving the $39 annual fee in the first year and a three basis point cut to its purchase rate which now sits at a low 9.99%.

4. Cashback offer

Australia’s biggest banks have also been getting in on the action with Commonwealth Bank making an attractive cashback offer across its Low Rate and Low Rate Gold credit cards. If you want to earn a smooth $300 back on your purchases, you’ll have to apply for the card before the 4th of February 2018 and spend $1,000 within 90 days of the card being activated.

5. Balance transfer offer

If you’ve got existing debt on your current credit card but are looking to make the switch, HSBC recently extended the 0% balance transfer period from 6 to 12 months on its Platinum Qantas Credit Card. This means that you will have a whole year to pay off the debt you’ve moved across from your old card before you start paying the pricey 21.99% cash advance rate.

Nothing here that takes your fancy? Check out Mozo’s dedicated credit card comparison tables to compare a range of products and their features before deciding which piece of plastic is best for you.

Other credit cards on the market - rates updated daily

  • Apply By 30 April 2019

    Qantas Money Qantas Premier Platinum

    0% p.a. for 18 months and then 21.99% p.a.

    19.99% p.a.

    $299 $149 in the first year

    Receive 70,000 bonus Qantas Points when you spend $3,500 within 90 days of card approval, and an additional 30,000 bonus points after the first anniversary of the card. $299 per year. Special Offer- $149 annual fee for the first year, offer ends 30 April 2019.

    • 0% p.a. for 18 months and then 21.99% p.a.

    • $299 $149 in the first year

    • 19.99% p.a.

    • 55

    • 21.99% p.a.

    • 3%, min $3.00

    • Points are automatically credited to the Qantas Frequent Flyer program.

    Read our Mozo Review to learn more about the Qantas Premier Platinum

    Details Close

  • 28 Degrees Platinum Mastercard

    No current offer

    21.99% p.a.

    $0

    With no annual fee, $0 overseas transaction fees, free WiFi at more than 1 million hotspots around the globe and the option to pay with any mobile or wearable device - could this be the perfect travelling companion? Winner Mozo Expert Choice Award 2018 - Platinum Travel Credit Card.^

    • No current offer

    • $0

    • 21.99% p.a.

    • 55

    • 21.99% p.a.

    • 3%, min $4

    Read our Mozo Review to learn more about the Platinum Mastercard

    Details Close

  • Apply By 30 April 2019

    Woolworths Everyday Platinum Credit Card

    0% p.a. for 14 months and then 21.99% p.a.

    19.99% p.a.

    $49 $0 in the first year

    Perfect for practical spenders, pay no annual fee in the first year and save up to $50 on your Woolies shop each month. Plus new cardholders can score a $50 Woolies eGift Card when you spend $150 a month for the first 3 months. Too easy!

    • 0% p.a. for 14 months and then 21.99% p.a.

    • $49 $0 in the first year

    • 19.99% p.a.

    • 55

    • 21.99% p.a.

    • 3%, minimum $5

    • Woolworths Money Shopping Card sent every 4 months if enough points have been accrued.

    Read our Mozo Review to learn more about the Everyday Platinum Credit Card

    Details Close

  • Apply By 31 March 2019

    Citi Platinum (Balance Transfer Offer)

    0% p.a. for 26 months and then 21.74% p.a. (1.50% balance transfer fee)

    20.99% p.a.

    $199 $0 in the first year

    Reward yourself with up to 200,000 bonus points! By spending $1,000 each statement period for 20 months, you can rack up 10,000 bonus points a month. Plus with tonnes of travel redemption options, you'll be booking that family holiday before you know it.

    • 0% p.a. for 26 months and then 21.74% p.a. (1.50% balance transfer fee)

    • $199 $0 in the first year

    • 20.99% p.a.

    • 55

    • 21.74% p.a.

    • 3.5%, min $3.50

    • Transfer points to a range of airline programs or redeem your points for travel, cashback, gift cards, retail rewards and shopping gift cards.

    Read our Mozo Review to learn more about the Platinum

    Details Close

  • Virgin Money Virgin Australia Velocity Flyer Card - Purchase Rate and Balance Transfer Offer

    0% p.a. for 6 months and then 20.99% p.a.

    0% p.a. for 14 months then 20.74% p.a.

    $129 $64 in the first year

    Receive a $129 Virgin Australia gift voucher each year. 0.0% p.a. on purchases for up to 14 months.

    • 0% p.a. for 6 months and then 20.99% p.a.

    • $129 $64 in the first year

    • 0% p.a. for 14 months then 20.74% p.a.

    • 44

    • 20.99% p.a.

    • 2.7%, Min $2.70

    • Points are credited to the Velocity Frequent Flyer program.

    Details Close

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