Credit Card Bonus Offers & Deals Available For July 2020

If you’re currently in the market for a credit card, check out a selection of the current special sign-up deals on our database this month.

What is a credit card bonus offer?

Credit card bonus offers are when the lender offers you a bonus amount of rewards points, cash back, or another reward, when you apply for and are approved for a certain credit card with that lender.

While many of these deals may seem compelling, bear in mind that the costs of owning and using a credit card can quickly cancel out the benefits of some of these offers. Read our article on reward program hints and tips before you jump in to catch a deal. You should always check whether the bonus offer is worth it for your rewards style and whether the credit card actually suits your spending habits.

Listed in the tables throughout this article are some of the special credit card offers found on Canstar’s database. Please note that not all deals are shown – for a more complete selection, visit Canstars credit card comparison tables and view the ‘Sign up Bonus’ column.

Please note that as of 21 April 2020, the Velocity frequent flyer program has paused reward redemptions. However, Virgin has announced that members can redeem their points for certain domestic flights for travel from 1 September 2020. During the pause, customers with an eligible credit card may still be able to earn Velocity points, but will be unable to redeem their points for certain flights, goods and services. Please check with your credit card provider directly for details before making any decision relating to your card or points. 

Rewards credit cards bonus offers

The following table displays a snapshot of rewards credit card products on Canstar’s database. The display is sorted by provider name (alphabetically), and shows credit cards that offer signup bonuses to consumers. Results based on a spend of $5,000 per month. Before committing to any particular product, check upfront with your provider and check the product information document to confirm whether it meets your needs.

Table only displays five products. Click here to see more. Be sure to read the full terms and conditions of each deal before signing up.

Premium credit card bonus offers

The following table displays a snapshot of premium credit card products on Canstar’s database. The display is sorted by provider name (alphabetically), and shows credit cards that offer signup bonuses to consumers. Results based on a monthly spend of $5,000. Before committing to any particular product, check upfront with your provider and check the product information document to confirm whether it meets your needs.

Table only displays five products. Click here to see more. Be sure to read the full terms and conditions of each deal before signing up.

Frequent Flyer credit card bonus offers

The following table displays a snapshot of frequent flyer credit card products on Canstar’s database. The display is sorted by provider name (alphabetically) for credit cards that offer signup bonuses to consumers. Results based on a monthly spend of $3,000.

Table only displays six products. Click here to see more. Be sure to read the full terms and conditions of each deal before signing up.

Are credit card bonus offers worth it?

Credit card bonus offers are only worth it if they satisfy the usual criteria for choosing a rewards program:

Be sure to read the full terms and conditions of each offer before you commit. Also, keep in mind that deals change all the time. Check out these and other credit card options here. Canstar also released our Star Ratings Research for credit cards in April this year, and we encourage you to have a look at the credit card products rated 5-Stars. It’s important to remember that a credit card without a signup bonus could still offer better value for you.

To compare all types of credit cards, use the Canstar website to see what’s available.

Originally written by William Jolly

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