Bonus point offers that will kickstart your new year

Ben Tosi

16 Jan 2018

Bonus point offers ny final content

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. Advertiser disclosure.

  • American Express Velocity Platinum Card

    Receive 100,000 bonus Velocity Points when you apply online, are approved, and spend $3,000 on your new Card within the first 3 months. 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.

    Velocity Frequent Flyer

    $375

    100,000

    1.25 points uncapped

    • -

    • 20.74% p.a.

    • No current offer

    • 55

    • 3.00%

    • $30.00

    • 1.25 points per dollar on Amex, uncapped

    • Never

    • 100,000

    • 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

  • NAB Rewards Signature Card

    Earn 90,000 Bonus Points then an additional 30,000 when you keep your card open for 1 year (Minimum $3,000 spend in first 60 days). Up to 44 days interest free on purchases (see T&Cs).

    NAB Rewards

    $295

    120,000

    1.25 points uncapped

    • -

    • 19.99% p.a.

    • 0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

    • 21.74% p.a.

    • 44

    • 3.00%

    • $15.00

    • 1.25 points per dollar on Visa, uncapped

    • Never

    • 120,000

    • 15,600 points

    • 239,200 points

    • 19,230 points

    • • Concierge

      • Extended Warranty

      • Purchase Protection

      • International Travel Insurance

      • Transit Accident Insurance

      • Interstate Flight Inconvenience Insurance

      • Rental Vehicle Excess in Australia Insurance

    Read our Mozo Review to learn more about the Rewards Signature Card

    Details Close

  • Apply By 24 February 2022

    Bank of Melbourne Amplify Rewards Platinum

    130,000 bonus Amplify Points (min $3,000 spend within 90 days. 0% p.a. for 24 months on balance transfers requested at card application (1% BT fee). New cards only, Eligibility criteria and T&Cs apply. Offer ends February 24th 2022.

    Rewards

    $99 $49 in the first year

    130,000

    1 point uncapped

    • -

    • 19.49% p.a.

    • 0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

    • 21.49% p.a.

    • 55

    • 3.00%

    • $15.00

    • 1 point per dollar on Visa, uncapped

    • Never

    • 130,000

    • 15,600 points

    • 212,000 points

    • 22,200 points

    • • Travel Insurance

      • Extended Warranty

      • Purchase Protection

    Read our Mozo Review to learn more about the Amplify Rewards Platinum

    Details Close

  • Apply By 24 February 2022

    BankSA Amplify Rewards Platinum

    130,000 bonus Amplify Points (min $3,000 spend within 90 days. 0% p.a. for 24 months on balance transfers requested at card application (1% BT fee). New cards only, Eligibility criteria and T&Cs apply. Offer ends February 24th 2022.

    Rewards

    $99 $49 in the first year

    130,000

    1 point uncapped

    • -

    • 19.49% p.a.

    • 0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

    • 21.49% p.a.

    • 55

    • 3.00%

    • $15.00

    • 1 point per dollar on Visa, uncapped

    • Never

    • 130,000

    • 15,600 points

    • 212,000 points

    • 22,200 points

    • • Travel Insurance

      • Extended Warranty

      • Purchase Protection

    Read our Mozo Review to learn more about the Amplify Rewards Platinum

    Details Close

  • American Express Qantas Ultimate Card

    Receive 100,000 bonus Qantas Points when you apply online, are approved, and spend $3,000 on your new Card within the first 3 months. Offer available to new Card Members only. Receive $450 annual Qantas Travel Credit. Plus, receive up to 40,000 extra Qantas points with Shop Small (T&Cs apply).

    Qantas Frequent Flyer

    $450

    100,000

    1.25 points uncapped

    • -

    • 20.74% p.a.

    • No current offer

    • 44

    • 3.00%

    • $30.00

    • 1.25 points per dollar on Amex, uncapped

    • Never

    • 100,000

    • 8,000 points

    • 110,400 points

    • 19,010 points

    • • Travel Insurance

      • Purchase Protection

      • Account alerts by SMS

    Read our Mozo Review to learn more about the Qantas Ultimate Card

    Details Close

^See information about the Mozo Experts Choice Credit cards Awards

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.