Bonus point offers that will kickstart your new year

Ben Tosi

16 Jan 2018

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Aussie rewards credit cards may have been given a workout over the silly season, but the new year also affords plastic fanatics the opportunity to earn a sweet deal with some seriously sizeable bonus point offers currently available.

According to the Mozo database and in spite of the declining value of rewards card, bonus point offers have been on the up with the average offering growing from a meagre 16,000 points in 2013 to 36,000 in 2016 and is currently in excess of 57,000.

“There are a bunch of different options available on the market when it comes to rewards credit cards, a lot of which come with an attractive bonus points offer,” said Mozo Director, Kirsty Lamont.

“It is important for Aussies to take into account other aspects of the credit card as well like the annual fee or purchase rate so they’re getting the best possible card for them.”

So if you’re back on the daily grind, dreaming of a new travel destination or some much-needed retail therapy check out a few bonus point offers that will seriously bolster your frequent flyer account in the new year.

Big bonus point offers available in 2018 - rates updated daily

  • Promoted

    Apply By 31 October 2019

    Qantas Money Qantas Premier Platinum

    Receive up to 120,000 points (20,000 points each month for the first 6 months when spending more than $1.5k each month). $50 Wine voucher & 0% p.a. on balance transfers for 18 months.

    Qantas Frequent Flyer

    $299 $199 in the first year

    120,000

    1 point up to $10,000/month, then
    0.5 points uncapped

    • -

    • 19.99% p.a.

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

    • 21.99% p.a.

    • 55

    • 3.00%

    • $30.00

    • 1 point per dollar on Mastercard, up to $10,000 per month, then
      0.5 points per dollar on Mastercard, uncapped

    • Never

    • 120,000

    • 8,000 points

    • 110,400 points

    • 17,120 points

    • • Concierge

      • Travel Insurance

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

    Details Close

  • Promoted

    American Express Velocity Platinum Card

    Receive 50,000 bonus Velocity Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. This introductory offer is available to new Card Members only. Enjoy a complimentary domestic return flight with Virgin Australia to selected cities, each year after your first card spend. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2018.^

    Velocity Frequent Flyer

    $375

    50,000

    1.25 points uncapped

    • -

    • 20.74% p.a.

    • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    • 55

    • 3.00%

    • $30.00

    • 1.25 points per dollar on Amex, uncapped

    • Never

    • 50,000

    • 7,800 points

    • 119,600 points

    • 19,500 points

    • • Travel Insurance

      • Purchase Protection

      • Account alerts by SMS

    Read our Mozo Review to learn more about the Velocity Platinum Card

    Details Close

  • Promoted

    Apply By 31 October 2019

    Qantas Money Qantas Premier Everyday

    Receive Up to 42,000 points (7,000 points each month for the first 6 months when $1k or more each month). With a low annual fee of $29 for the first year.

    Qantas Frequent Flyer

    $49 $29 in the first year

    42,000

    0.75 points up to $3,000/month, then
    0.4 points uncapped

    • -

    • 19.99% p.a.

    • 0% p.a. for 12 months and then 21.99% p.a.

    • 21.99% p.a.

    • 55

    • 3.00%

    • $30.00

    • 0.75 points per dollar on Mastercard, up to $3,000 per month, then
      0.4 points per dollar on Mastercard, uncapped

    • Never

    • 42,000

    • 8,000 points

    • 110,400 points

    • 17,120 points

    • • Concierge

      • Travel Insurance

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

    Details Close

  • Promoted

    Virgin Money Virgin Australia Velocity Flyer Card - Ongoing Annual Fee Offer

    Get in the air with a $129 Virgin Australia Gift Voucher each year, plus a discounted annual fee in the first year of having your new card. As if that wasn't enough, you'll also earn 3 extra Velocity points per $1 spent on top of the standard earn rate for the first 3 months.

    Velocity Frequent Flyer

    $50

    20,000

    0.66 points up to $1,500/month, then
    0.5 points uncapped

    • -

    • 20.74% p.a.

    • 0% p.a. for 18 months and then 20.99% p.a.

    • 20.99% p.a.

    • 44

    • 3.30%

    • $30.00

    • 0.66 points per dollar on Visa, up to $1,500 per month, then
      0.5 points per dollar on Visa, uncapped

    • Never

    • 20,000

    • 7,800 points

    • 119,600 points

    • 19,500 points

    • • Concierge

      • Guaranteed Pricing

    Read our Mozo Review to learn more about the Virgin Australia Velocity Flyer Card - Ongoing Annual Fee Offer

    Details Close

  • Promoted

    American Express Velocity Escape Card

    Earn up to 1.75 Velocity Points. Have limited stress with the Velocity Escape with no annual fees and receive 0% p.a. on balance transfers for the first 12 months. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2018.^ T&C’s apply

    Velocity Frequent Flyer

    $0

    No current offer

    0.75 points uncapped

    • -

    • 20.74% p.a.

    • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    • 55

    • 3.00%

    • $30.00

    • 0.75 points per dollar on Amex, uncapped

    • Never

    • No current offer

    • 7,800 points

    • 119,600 points

    • 19,500 points

    • • Purchase Protection

      • Account alerts by SMS

    Read our Mozo Review to learn more about the Velocity Escape Card

    Details Close

But what should you be aware of before signing up for a rewards card with a neat bonus point offer?

What’s a bonus point offer?

Bonus point offers are the sweetener providers use to make their rewards card a little more attractive than the competition’s.

Basically, you’re rewarded for choosing that particular plastic with a lump of rewards points which mean you’re a whole lot closer to a free flight or to some retail rewards.

How many bonus points can I earn?

The amount of bonus points on offer depends on the particular card but the Mozo database includes offers as large as the Citi Prestige card which comes with a whopping 150,000 bonus points.

What do I have to do to redeem the bonus points?

Again, this one depends on the particular plastic you’re looking into but usually you’ll have to spend a set amount within a set time with the general rule of thumb being that the more bonus points on offer, the higher the spend.

For example, taking the Citi Prestige card - you’ll only score the 150,000 points if you spend $3,000 within the first 90 days.


Other ways to boost your points stash in 2018

  • Spend with your card’s bonus partners: Most rewards cards will offer bonus points per $1 spent at the provider’s partners - so check the earn rates at different outlets so that you can make the most of your plastic.

  • Add joint cardholders: The more money you spend on the card, the bigger your points pile so look into handing out an additional card to a trusted family member or your partner. The good news is you can usually grab an additional card or two without incurring a fee.

  • Say goodbye to cash: Last year card payments overtook cash in the Aussie economy or the first time ever, so get on board and whip your plastic out for even the smaller purchases so that you’re racking up points quicker than ever before.

To compare a wider range of rewards credit cards with lucrative bonus point offers head to Mozo’s comparison tool where you can also get a rough idea of how many points you’ll earn over the calendar year, based on your monthly spend.

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