BankSA Amplify Platinum Credit Card – Qantas

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

The BankSA Amplify Platinum Credit Card - Qantas

Earning points on the Qantas Frequent Flyer program, the BankSA Amplify Platinum Credit Card offers great everyday earning and a nice selection of platinum perks, including complimentary insurance cover. Cardholders can enjoy all that, plus enticing introductory offers - 60,000 bonus Qantas Points (minimum spend applies), 0% p.a. for 24 months on balance transfers, plus a discounted first-year annual fee of $99.

What we love...

Looking first to the card’s introductory offer, the BankSA Amplify Platinum Credit Card is currently offering 60,000 bonus Qantas Points to new cardholders who apply and are approved by 30 April 2024. To be eligible for this nice little bonus, simply spend $3,000 on eligible purchases within 90 days.

Once you meet that minimum spend, your bonus points will be credited to your account within 12 weeks. You are then free to do as you like with them. Perhaps you want to jet away, redeeming 31,500 Qantas Points to fly from Perth to Singapore, one way. Or maybe it’s time for a shopping spree. For 51,840 Qantas Points you could get your hands on a $250 digital gift card for JB Hi-Fi.

Putting bonus points aside, the BankSA Amplify Platinum Credit Card makes everyday earning easy. Allowing you to earn points on the incredibly popular Qantas program, the card keeps it simple with an earn rate of 0.5 Qantas Points per $1 on all eligible purchases capped at $100,000 per year (Bonus Qantas Points are excluded in the cap). You can also earn extra points on Qantas purchases – once with your card and once with the program partner.

With a host of Qantas rewards at your fingertips, you could choose to redeem your points for flights and upgrades with Qantas and its plentiful airline partners, pick up a tipple or two from Qantas Wine, or shop online at the Qantas Store, swapping those hard-earned points for kitchen appliances, sports equipment, tech or gift cards.

One more thing we love about this card is its 0% p.a. for 24 months balance transfer offer (a one-off 1% balance transfer fee applies). It allows new cardholders to transfer existing balances from up to 3 non-BankSA, St.George and Bank of Melbourne Australian-issued credit, charge, or store cards, saving money on interest in the process.

You can transfer up to 80% of your approved available credit limit but be aware that any balance remaining after that intro period would revert to the card’s cash advance rate. To make most of this offer, make sure you pay off your balance in full before the promo period expires.

Last but not least, is the card’s annual fee. For a platinum card, the BankSA Amplify Platinum Credit Card has a fairly low annual fee. While it may not offer some of the more exclusive features offered on certain high-end platinum cards, it does have a reasonable earn rate and some nice extras.

What’s not so great...

While it may have an affordable annual fee, it’s worth pointing out that there are other cards that offer higher Qantas Frequent Flyer points earn rates and bonus points, or the selection of platinum extras. So if these offer value to you, that little bit extra in annual fees may be worthwhile.

In terms of interest, this card has a relatively high purchase rate, so it’s best to avoid interest payments altogether by clearing your balance month-to-month. You may also note that there is a 3% foreign transaction fee, so the value of any points you earn on overseas purchases may be reduced by that cost.

Why should you choose this card?

If you want a card that allows you to earn Qantas Points, but doesn’t cost over the odds in annual fees, the BankSA Amplify Platinum Credit Card may be for you. You can add one additional cardholder to earn points faster, and you can benefit from a number of excellent features.

These include extended warranty insurance, and travel insurance on trips up to three months, covering you, your spouse, and your dependent children. Of course, certain eligibility requirements apply, so be sure to read the PDS before you travel.

Overall Rating

Keeping it simple, the BankSA Amplify Platinum Credit Card offers a decent earn rate on the Qantas program, 60,000 bonus Qantas Points, 0% p.a. For 24 months on balance transfer, plus some great platinum perks, including complimentary insurance covers.