Credit card cashback offers: where to find yourself a deal
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 right now?
At the moment, 14 credit cards on the Mozo database offer cashback on spending, including three of the Australia's four major banks.
Want to get to know some cashback offers a little better? Check them out below!
Credit Card Cashback Offers August 2021
Kogan Money Black Card
- Up to $400 Kogan.com credit (terms and conditions apply)
- Free Kogan First Membership (worth $99 per year)
- Up to 2 Kogan rewards points per $1 spent on eligible purchases
Kogan Money's Black Card not only offers two opportunities to get cashback for your spending, there are also a bunch of other perks. For customers that apply by 31 August 2021, they will have the chance to earn $50 Kogan.com credit to spend on eligible purchases within the first 30 days from approval, then an extra $350 when they spend $1,500 on eligible purchases within the first 90 days from approval (T&Cs apply). Not only that, cardholders receive a free Kogan First Membership, the ability to earn up to 2 Kogan points per $1 spent, no annual fee and up to 55 interest-free days on eligible purchases. Don't forget though, there is a 20.99% p.a. purchase rate attached to this card.
St. George Vertigo - Cashback Offer
- $300 cashback when you spend $4,000 in the first four months from approval (apply by 30 November 2021)
- Low 13.99% p.a. purchase rate
- Up to 55 interest free days on eligible purchases
The St. George Vertigo Platinum has a juicy cashback offer up for grabs for customers. If you apply by 30 November 2021 and spend $4,000 on eligible purchases in the first 4 months from approval, you'll get $300 cashback. On top of that, there is a low purchase rate attached to this card of 12.99% p.a., as well as a low $55 annual fee. There is also up to 55 interest free days on eligible purchases!
Bank of Melbourne Vertigo - Cashback Offer
- $300 cashback when you spend $4,000 in 4 months from approval (apply by 30 November 2021)
- Low 13.99% p.a. interest rate
- Up to 55 interest free days on eligible purchases
Need a credit card with a cashback offer that also has a low purchase rate and annual fee? It's worth considering Bank of Melbourne's Vertigo Platinum. This card comes with $300 cashback for customers that spend $4,000 in the first four months from approval - as long as they apply by 30 November 2021 (so get in while you can!). Bank of Melbourne also offer a low purchase rate of 13.99% p.a. and a low $55 annual fee. Cardholders also get up to 55 interest free days on eligible purchases.
BankSA Vertigo - Cashback Offer
- $300 cashback when you spend $4,000 in the first four months from approval (apply by 30 November 2021)
- Low 13.99% p.a. purchase rate
- Up to 55 interest free days on eligible purchases
BankSA's Vertigo Platinum card comes with a $300 cashback offer - as long as you apply by 30 November 2021. Plus, you also have to spend $4,000 in the first four months from approval to be eligible for this deal. But that's not the only thing this card has going for it. There is also a low 13.99% p.a. purchase rate, low $55 annual fee and up to 55 days interest free on eligible purchases.
American Express Cashback Credit Card
- Up to 6% cashback on eligible transactions in the first three months (conditions apply)
- An additional 1.5% cashback with Amex's Shop Small Campaign (conditions apply)
- Bonus perks and complimentary insurances
If cashback is what you're after when it comes to choosing your new credit card, the American Express cashback credit card might be the right choice for you. In the first three months of holding the card, customers can receive up to 6% cashback on eligible purchases. Plus, there is also the chance to grab an additional 1.5% cashback on transactions made with retailers participating in the American Express Shop Small Campaign. Remember, there is a 20.74% purchase rate attached to this card and a $10 monthly fee.
American Express Low Rate Credit Card
- $100 cashback for new members (terms and conditions apply)
- Low 8.99% p.a. purchase rate
- No annual fee
Looking for a great cashback offer on a credit card with a low purchase rates AND no annual fee? The American Express Credit Card offers just that. For customers that apply for this card by 27 October 2021, they may receive $100 cashback when they spend $1,000 on their card by 31 December 2021 (T&Cs apply). This card also comes with a low 8.99% p.a. purchase rates and a $0 annual fee. Plus, there are up to 55 interest-free days on eligible purchases.
Which other credit cards have cashback offers?
Currently on the Mozo database there are a handful of other cards that come with cashback offers, including cards provided by two more of the big four banks.
Here’s a rundown on what’s out there:
| Credit Card | Cashback Offer |
| ANZ First | $30 cashback when you activate your card within the first 3 months from approval |
| ANZ Frequent Flyer Black | $200 cashback if you spend $3,000 on eligible purchases in the first 3 months. |
| Citi Clear Credit Card | $250 cashback if you spend $3,000 in the first 90 days from approval. Offer is for new applications made by 31 August 2021. |
| CommBank Low Fee Credit Card | $150 cashback when you apply by 30 September 2021 and spend $1,000 on eligible purchases using your new card by 30 December 2021. |
| CommBank Low Fee Gold Credit Card | $200 cashback when you apply by 30 September 2021 and spend $1,000 on eligible purchases using your new card by 30 December 2021. |
| Bank of Sydney Platinum Credit Card | $8 cashback for every $1,000 spent (with no cap) |
| Coles No Annual Fee Mastercard | $100 Coles store credit when you spend $1,500 on eligible purchases in the first 60 days from approval (apply by 30 September 2021). |
| Coles Rewards Mastercard | $200 Coles store credit when you spend $1,500 on eligible purchases in the first 60 days from approval (apply by 30 September 2021). |
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 or find out the best credit cards.
^See information about the Mozo Experts Choice Credit Card Awards
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