Credit card cashback offers: where to find yourself a deal

By Polly Fleeting ·
young-group-of-friends-using-credit-card-cashback-offer

When you think of credit cards rewards you may think of things like flights, upgrades and airport lounge access. But let’s be real, who knows how long it’ll be before unrestricted travel is back in action.  

In the meantime, if you are looking for a better deal on your credit card, you may want to turn your attention to cashback offers. Yes, that’s right, receiving money back in your pocket based on your spend! 

So, what’s on offer now? 


Today, credit card giant American Express launched a cashback offer on its Qantas Ultimate Card

For new customers that apply and are approved by 3 September 2020, they could receive $100 cashback when they spend $150 or more on Qantas Wine

This is on top of 80,000 bonus Qantas Points when you spend $3,000 within the first three months of being approved for the card. 

Want to get to know this card a little better? Check it out below!

American Express Cashback Offer

American Express Qantas Ultimate Credit Card
Promoted
  • $100 cashback when you spend $150 or more on Qantas Wine
  • 80,000 bonus Qantas points (spending conditions apply)
  • 44 interest free days on purchases

After a credit card that will reward you for your spending? Say hello to the American Express Qantas Ultimate credit card. With this card, you can receive 80,000 bonus Qantas Points when you spend $3,000 within the first three months of being approved. But that’s not all: with this card you receive a complimentary Qantas Wine Premium membership, and you can also pocket $100 cashback when you spend $150 or more on Qantas Wine. While this card comes with a whole bunch of perks, just bear in mind there is a $450 annual fee you’ll need to budget for.

Which other credit cards have cashback offers? 

Currently on the Mozo database there are 12 credit cards that come with cashback offers, including cards provided by three of the big four banks. 

Here’s a rundown on what’s out there:

Credit CardCashback Offer
ANZ Frequent Flyer Black 100,000 bonus Qantas Points and $150 back if you spend $3,000 on eligible purchases in the first 3 months.
CommBank Low Rate Credit Card$200 cashback when you apply by 28 October 2020 and spend $1,000 on eligible purchases using your new card by 31 January 2021.
CommBank Low Rate Gold Credit Card $200 cashback when you apply by 28 October 2020 and spend $1,000 on eligible purchases using your new card by 31 January 2021.
Westpac Low Rate Credit Card$200 cashback when you spend at least $1,000 on eligible purchases within 90 days of card approval for new applications made by 2 December 2020.
Bank of Queensland Blue Visa Credit Card $120 cashback when you apply by 30 April 2020 and spend $500 per month on retail purchases for the first 3 months.
Virgin Money Low Rate Credit Card 10% cashback on purchases in the first 3 months from card approval, capped at $100 total.
ING Orange One Platinum Credit Card10,000 points buys $100 cashback.
Bank of Sydney Classic Credit Card 25,000 points buys $100 credit.
Bank of Sydney Platinum Credit Card 12,500 points buys $100 credit.
BankVic Visa Gold25,000 points buys $100 credit.
bcu Rewards Credit Card 15,152 points buys $100 credit.



IMPORTANT NOTE: When making the switch to a new credit card consider your spending capacity. Don’t spend more in order to meet the criteria for a cashback offer - only apply for the card if you would spend the required amount usually. 

Want to compare more rewards credit cards? Jump over to our rewards credit cards comparison table for more options!

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Polly Fleeting
Polly Fleeting
Money writer

Polly Fleeting is a personal finance writer here at Mozo, specialising in loans and credit cards. Her work is aimed at helping people find ways to make smart product choices, reduce debt and get more for their hard-earned dollars. Polly has a degree in Journalism from the University of Technology, Sydney.