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

  • Apply By 07 January 2019

    American Express Explorer® Credit Card

    Generous perks include a massive 100,000 bonus points when you apply online by 7 January 2019 and meet the spend criteria, a $400 Travel Credit each year, 2 complimentary Amex Lounge passes and more! Note: point redemption rates will change as of 15 April 2019, please visit the Amex website for more information.

    Membership Rewards

    $395

    100,000

    2 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

    • 2 points per dollar on Amex, uncapped

    • Never

    • 100,000

    • 15,600 points

    • 239,200 points

    • 20,000 points

    • • Travel Insurance

      • Extended Warranty

      • Purchase Protection

      • Account alerts by SMS

    Details Close

  • Bankwest More World Mastercard

    115,000 annual bonus points each year (min spend applies) & Enjoy unlimited complimentary airport lounge visits (T&Cs apply)

    Bankwest More Rewards

    $270

    115,000

    2.5 points uncapped

    • -

    • 19.99% p.a.

    • 0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)

    • 21.99% p.a.

    • 44

    • 0%

    • $25.00

    • 2.5 points per dollar on Mastercard, uncapped

    • 36 months

    • 115,000

    • 57,600 points

    • 346,500 points

    • 36,000 points

    • • Concierge

      • Travel Insurance

      • Extended Warranty

      • Purchase Protection

    Details Close

  • Bendigo Bank Platinum Rewards Mastercard

    75,000 bonus Rewards Points when you spent $2,500 in 90 days. Apply by 31 January. Redeem for $200 Bunnings gift card. Up to 55 days interest free, comprehensive travel insurance, purchase protection and extended warranty.

    Bendigo Rewards

    $89

    75,000

    1.5 points uncapped

    • -

    • 19.99% p.a.

    • No current offer

    • 21.99% p.a.

    • 55

    • 3.00%

    • $15.00

    • 1.5 points per dollar on Mastercard, uncapped

    • 36 months

    • 75,000

    • 59,264 points

    • 407,407 points

    • 37,040 points

    • • Concierge

      • Travel Insurance

      • Commission-free Travellers Cheques

      • Extended Warranty

      • Purchase Protection

    Details Close

  • Apply By 31 January 2019

    Virgin Money Virgin Australia Velocity High Flyer Card

    Earn up to 90,000 bonus Velocity Points and 0% p.a. for 15 months on balance transfer

    Velocity Frequent Flyer

    $289

    90,000

    1 point up to $8,000/month, then
    0.5 points uncapped

    • -

    • 20.74% p.a.

    • 0% p.a. for 15 months and then 20.99% p.a.

    • 20.99% p.a.

    • 44

    • 3.30%

    • $10.00

    • 1 point per dollar on Visa, up to $8,000 per month, then
      0.5 points per dollar on Visa, uncapped

    • Never

    • 90,000

    • 7,800 points

    • 119,600 points

    • 19,500 points

    • • Concierge

      • Travel Insurance

      • Extended Warranty

      • Purchase Protection

      • Guaranteed Pricing

    Details Close

  • Apply By 31 March 2019

    ANZ Frequent Flyer Black

    Snap this one up and score 120,000 Bonus Qantas Points and $150 cashback to your new card by spending $7,500 in the first 3 months. Plus, if you love to fly, book and travel on two new Qantas flights by 30 June 2019 to earn 75 Bonus Status Credits. (T&Cs apply)

    Qantas Frequent Flyer

    $425

    120,000

    1 point up to $7,500/month, then
    0.5 points uncapped

    • -

    • 19.99% p.a.

    • No current offer

    • 21.49% p.a.

    • 55

    • 3.00%

    • $20.00

    • 1 point per dollar on Visa, up to $7,500 per month, then
      0.5 points per dollar on Visa, uncapped

    • Never

    • 120,000

    • 8,000 points

    • 120,000 points

    • 16,160 points

    • • Concierge

      • Travel Insurance

      • Extended Warranty

      • Purchase Protection

      • Rental Car Excess Cover

      • Guaranteed Pricing

    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.

Mozo may receive advertising fees from the financial institutions, issuers of financial or credit products and third party advice providers that are shown on this page. These fees are based on a cost per click, cost per acquisition, or a fixed fee.