Credit CardCashback Bonus OfferAnnual Fee
Commbank Low Fee Gold$200$0*
Citi Clear$250$49*
Commbank Low Fee$150$0*
American Express Explorer$300 & 90k Points$395
ANZ Frequent Flyer Black$200 & 120k Points$425

For many people, cash back offer credit cards are one of the most attractive card options on the market. Unfortunately, though, these offers are sometimes hard to find. So we’ve done our research and compiled some of the best bonus cash back credit cards in Australia for 2021 for you to consider. 

Note: Before selecting a card, keep in mind that cash back deals require a minimum spend amount on the card within a specified timeframe. As such, you must always follow the guidelines and meet the criteria to get your cash back percentage monthly.

Check out some other similar articles for credit card solutions:

Top 3 Bonus Offer Credit Cards  

Best Rewards Credit Cards  

Best Frequent Flyer Credit Cards

Commbank Low Fee Gold

  • Cash Back Offer: $200 cashback when you spend $1,000. 

  • Purchase Rate: 19.74% p.a.

  • Annual Fee: $0 in 1st year. After that it's $89 p.a. unless you meet its yearly minimum spend which waives the annual fee. 

Why We Like It:

We like the Commbank Low Fee Gold credit card because of its high $200 cashback offer with its no annual fee in the first year promotion. To get the cashback offer you must apply before 30 June 2021 and spend at least $1,000 on purchases by 30 September 2021. Other conditions do apply such as it's only available to new Low Fee credit cardholders.  

After enjoying the zero annual fees in the first, you can continue this in subsequent years if you spend at least $10,000 in the year prior. If you don’t meet this minimum, the annual fee is $89.

You can also add an additional cardholder at no extra cost. 

The Low Fee Gold has a minimum credit limit of $400. Its standard purchase rate is 19.74% p.a. with up to 55 days’ interest-free. 

 

Extra Benefits:  

The fact that this card boasts $0 foreign transaction fees will have you saving on overseas transaction fees when shopping online or when travelling outside Australia, which is good news for your wallet. 

Plus, the card’s complimentary travel insurance provides cover for both the cardholder and their family via Commbank international travel insurance. It provides both purchase protection and extended warranty insurance, too. These extras will surely have you feeling more secure when shopping. 

You'll also receive access to the Priceless Cities program for special offers to shows and experiences around the globe. 

Mobile payments are available with popular apps Apple Pay, Google Pay, Samsung Pay, and Beem It.  

 

Income Eligibility: 

No set minimum income is required.

 

Citi Clear

  • Cash Back Offer: $250 cashback when you spend $3,000 on eligible purchases within 90 days from approval.

  • Purchase Rate: 14.99% p.a.

  • Annual Fee: $49 in the first year, then $99 p.a. after.

Why We Like It:

The Citi Clear has an attractive bonus cashback offer of $250 when you spend $3,000 on eligible purchases from 90 days of the approval date. This offer is only available to new cards customers only.

The cashback offer is especially appealing together with its current $49 annual fee offer in the first year, then $99 per annum after that. 

The purchase interest rate falls in the low range at 14.99% p.a. and has up to 55 interest-free days. 

 

Extra Benefits:  

The Citi Clear is supplemented with handy complimentary insurances. Purchase cover insurance, best price guarantee, and extended warranty are thrown in.

Boost your dining and entertainment experiences with Citi’s extra perks of free membership to Visa front line access, and a free bottle of wine at partner restaurants. 

 

Income Eligibility: 

Minimum income required is $35,000.

 

Commbank Low Fee

  • Cash Back Offer: $150 cashback when you spend $1,000. 

  • Purchase Rate: 19.74% p.a.

  • Annual Fee: $0 in 1st year. After this, there's a continued no-annual-fee option, or it's $29 p.a., depending on your yearly spending level.

Why We Like It:

We like the Commbank Low Fee credit card because you’ll pay no annual fee in the first year to use it while still enjoying the $150 cashback offer currently available (when you spend at least $1,000 on purchases by 30 September 2021 – conditions apply). However, this offer is only available on new Low Fee credit cards, not those already in service. 

On top of the zero annual fees in the first year, you can enjoy paying nothing in this area in subsequent years if you spend at least $1,000 in the year prior. If you don’t meet this minimum, the annual fee is $29.

Plus, you can add an additional cardholder at no cost. 

The card has a minimum credit limit of $500. Its standard purchase rate is 19.74% p.a. with up to 55 days’ interest-free. 

 

Extra Benefits:  

Sign up for this card, and you’ll also receive access to the Priceless Cities program for special offers to shows and experiences around the globe. 

Lastly, smartphone payments are available with popular apps Apple Pay, Google Pay, Samsung Pay, and Beem It.  

 

Income Eligibility: 

No set minimum income is required.

 

American Express Explorer

  • Cash Back Offer: $300 cashback & 90,000 Rewards points when you spend $3,000 within the first 3 months.

  • Purchase Rate: 20.74% p.a.

  • Annual Fee: $395.

Why We Like It:

Get both cash back and points on your new American Express Explorer when you spend $3,000 or more on the new card within the first 3 months. The offer is only available to new customers who apply online and those who haven’t held an AMEX card within the last 18 months. 

Plus, you'll receive a $400 travel credit each year to use on eligible flights, hotels, cars, and more via American Express Travel, so you can start planning your next trip.

Secondly, enjoy 2 complimentary entries every year into the American Express Lounge at Sydney or Melbourne International airports. The card also provides complimentary domestic and international travel insurance when booking a return trip on the card. Handily, this cover also extends to your partner and dependent children under 22 years of age. 

We also love that with this AMEX card, you receive a hotel credit up to $100 and a room upgrade when you book two consecutive nights’ stay via The Hotel Collection.

The card’s purchase rate is 20.74% p.a. and it gives cardholders up to 55 days’ interest-free when the statement balance is fully paid off each month. The annual fee is significant at $395, but frequent travellers do get a lot of yearly value for their money.

 

Extra Benefits:  

Collect points as you spend on the card with 2 reward points for every $1 spent on purchases and 1 reward point on government body purchases in Australia. Also, its point earnings are uncapped, so you can earn as many as you’d like over the years. 

You can even add up to 4 free additional cardholders on the card to help boost your points. 

Redeem your accumulated points with airlines such as Virgin Australia, Singapore Airlines, and others in the American Express partner program.

Plus, this AMEX product boasts shopping protection perks such as “the buyer’s advantage”, manufacturers' warranty, and purchase and refund protection. Whether you’re shopping within Australia or overseas, the card has you covered. 

As for mobile, once you’re an Explorer cardholder, you’ll receive smartphone screen insurance. You can use the credit card on mobile payment Pay apps for Apple, Samsung, and Google, too.

 

Income Eligibility: 

Minimum income required is $65,000. 

 

ANZ Frequent Flyer Black

  • Cash Back Offer: $200 cashback & 120,000 Qantas points. When you spend $3,000 on eligible purchases in the first 3 months from approval.

  • Purchase Rate: 20.24% p.a.

  • Annual Fee: $425.

Why We Like It:

The ANZ Frequent Flyer Black has a bonus offer that really turns heads!

Sign up for this card at the moment, and you can be rewarded with a whopping 120,000 Qantas Points plus $200 cash back when you spend $3,000 on eligible purchases in the first 3 months after card approval. This special offer is only available to non-cardholders of ANZ Rewards cards or those who've not held one within the last 12 months. The opportunity only applies once per eligible customer, too. 

This ANZ credit card is an ideal choice if, in addition to cash back, you’re also keen to build up travel reward points. Cardholders earn 1 Qantas Point per $1 spent on eligible transactions on everyday purchases, up to $7,500 per statement period. For purchases that come in over that $7,500 limit, you’ll receive 0.5 Qantas Points per $1 transacted.

Customers also earn extra one-to-one points on Qantas products or services for every dollar spent. These points are uncapped, so you’ll likely have enough for a flight within no time. There are some exceptions to this program, so for further details, check out the list of ANZ non-eligible purchases @ 23.Exceptions.

The purchase interest rate on ANZ’s Frequent Flyer Black card is 20.24% p.a. The $425 annual fee is considerably higher than the two cards mentioned above, but many more features come with it, so that’s expected. 

 

Extra Benefits:  

We love that this card rewards users with 2 handy complimentary Qantas Club lounge access passes yearly, not to mention a discounted first-year membership rate to Qantas Club for new members.

As a Frequent Flyer Black cardholder, you’ll also gain free access to programs such as Exclusives ANZ and VISA Entertainment. Through these, you can say yes to exclusive invitations to entertainment and lifestyle events and call a concierge service 24/7 for help with booking or planning outings. 

On top, utilise the card’s included travel insurances. With a Frequent Flyer Black card comes overseas travel and medical insurance, interstate flight convenience insurance, and rental excess cover.

When you shop, do so with confidence knowing eligible purchases are up for extended warranty, a best-price guarantee, and 90-day purchase protection, too.  

 

Income Eligibility: 

Not set minimum income is required, but the minimum credit limit is $15,000.

 

We hope you found our roundup of the best cash back offer credit cards in Australia for 2021 useful! These cards are rare but popular and worth checking out ASAP. 

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