Credit CardCashback Bonus OfferAnnual Fee
Westpac Low Rate$400$0*
Citi Rewards (Cashback Offer)$400$99*
Commbank Low Fee Gold$150$0*
Citi Clear$250$49*
Commbank Low Fee$100$0*
ANZ Frequent Flyer Black$250 & 130k 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 5 Bonus Offer Credit Cards  

Best Rewards Credit Cards  

Best Frequent Flyer Credit Cards

Westpac Low Rate

  • Cash Back Offer: $400 cashback when you spend $4,000 on the card. 

  • Purchase Rate: 13.74% p.a.

  • Annual Fee: $0 in 1st year, then $59 p.a. after. 

Why We Like It:

The Westpac Low Rate, is a basic card but packs a punch when it comes to cashback offers. Get $400 cashback when you spend $4,000 in the first 4 months, plus pay no annual fee in the first year. 

In the second year and after, the annual fee is $59 per annum, which is affordable for many, and it comes with 55 interest-free days per period. 

It has a decent low rate of 13.74% p.a., thus being a suitable card for those who can't pay off their full balance each month. 

Plus, if you’ve struggled to meet credit card eligibility requirements in the past, consider this option, considering it starts from a low credit limit of only $500. 

 

Extra Benefits: 

The card can be used on payment apps Apple Pay, Fitpay, Google Pay, and Samsung Pay. 

 

Income Eligibility: 

No set minimum income required.

 

Citi Rewards (Cashback Offer)

  • Cash Back Offer: $400 cashback when you spend $4,000 on the card using Apple Pay. 

  • Purchase Rate: 13.74% p.a.

  • Annual Fee: $99 in 1st year, then $149 p.a. after. 

Why We Like It:

The Citi Rewards (Cashback Offer) is a top pick with a high cashback offer and a good mix of premium benefits.

Get $400 cash back when you spend $4,000 on eligible purchases using Apple Pay within 90 days of approval.  

As an added bonus, currently, its annual fee is $99 in the first year and then $149 p.a. thereafter.

You’ll also earn rewards points. Earn 1 point per $1 spent on new purchases both in Australia and overseas. Domestic earnings are capped at $10,000 per statement period. If you have a Diners Club card, earn 2 points per $1 spent on eligible purchases.

 

Extra Benefits: 

The Citi Rewards offer is supplemented with handy complimentary insurances. International travel insurance, purchase cover insurance, and extended warranty is thrown in.

Boost your dining and entertainment experiences with Citi’s extra perks of free membership to Visa front line access, access to a 24/7 personal concierge, and a free bottle of wine at partner restaurants.

 

Income Eligibility: 

Minimum income required is $35,000.

 

Commbank Low Fee Gold

  • Cash Back Offer: $150 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 $150 cashback offer with its no annual fee in the first year promotion. To get the cashback offer you must apply before 28 February 2022 and spend at least $1,000 on purchases within 90 days of card activation. 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.

  • 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: $100 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 $100 cashback offer currently available (when you spend at least $1,000 on purchases within 90 days of card activation – 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.

 

ANZ Frequent Flyer Black

  • Cash Back Offer: $250 cashback & 130,000 Qantas points.

  • 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 100,000 Qantas Points plus $250 cash back when you spend $3,000 on eligible purchases in the first 3 months after card approval. Then a bonus 30,000 Qantas points after keeping the card for 12 months. 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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