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100,000 when you spend $3,000 within the first 90 days
BankSA Amplify Platinum Credit Card
BankSA Amplify Platinum Credit Card

BankSA Credit Cards

BankSA Amplify Platinum Credit Card

Updated 12 June 2024

Receive 100,000 bonus Amplify Points when you apply by 31 July 2024 and spend $3,000 within 90 days from card approval plus, a discounted $49 annual fee in the first year, $124 thereafter. Enjoy a long balance transfer offer - 0% p.a. for 24 months with a one-off 1% balance transfer fee. Earn Amplify Points on eligible purchases, and enjoy a range of complimentary insurances.

Points Earn Rate (per $1 spent)

1 point

Amplify

Rewards Program

Amplify Rewards

Bonus Points

100,000 pts

when you spend $3,000 within the first 90 days

Pros and cons

  • Earn 100,000 bonus Amplify Points when you apply and are approved for a new card, and spend at least $3,000 on eligible purchases within 90 days from card approval (worth up to $450 in eGift cards)
  • 0% p.a. for 24 months on balance transfers requested at card application. 1% balance transfer fee applies. Reverts to cash advance rate. Available to new cards only
  • Reduced $49 annual fee in the first year, $124 thereafter (saving you $75). Available to new cards only
  • Earn 1 Amplify Point per $1 spent on eligible transactions. Points are uncapped and never expire
  • Complimentary International and Domestic Travel Insurance (including COVID-19 coverage effective 30 June 2022, T&Cs apply)
  • Extended warranty and purchase protection for up to 4 months
  • Up to 55 days interest free on purchases
  • Eligible with Apple Pay, Google Pay and Samsung Pay.

  • High variable interest rate on cash advances
  • 3% Foreign transaction fee

Creditcard.com.au review

Editor Review

BankSA Amplify Platinum Credit Card

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

The BankSA Amplify Platinum Credit Card

⚠ Important changes to BankSA's credit card rates: From 4 July 2024, BankSA's credit card rates will increase. A summary of the upcoming pricing changes can be found here.

With very attractive bonus points and balance transfer introductory offers coupled with a discounted annual fee in the first year and some appealing platinum extras, the BankSA Amplify Platinum Credit Card could be the rewards card for you.

Point calculations are accurate as of 01 May 2024 but may be subject to change without notice. All routes may have additional taxes and charges. Check on the official BankSA for the updated calculations.

What we love...

New cardholders who are looking to boost their points balance can take advantage of the 100,000 bonus Amplify Points offer (worth up to $450 in eGift cards). To be eligible, you must apply and be approved for a new Amplify Rewards Platinum credit card on or before 31 July 2024 and spend the minimum amount of $3,000 on eligible purchases within 90 days from card approval (single purchase or multiple transactions).

With the Amplify program, you could earn 1 point per $1 spent on eligible purchases within Australia and overseas and it allows you to redeem your points in a variety of ways. What’s even better is that the points you earn never expire, allowing you to build your balance over time.

You could redeem your points for travel on a variety of airlines, using them as frequent flyer miles on programs that include Malaysia Airlines’ Enrich and Singapore Airlines’ KrisFlyer. You could redeem your points for gift cards or retail vouchers, homewares, or tech. You could even use it for a greater cause and donate to one of their listed charities. How you choose to make use of your points is entirely up to you.

If you want to earn Qantas points instead of Amplify see the BankSA Amplify Platinum Credit Card – Qantas.

To make this bonus offer work for you, make sure that you can afford the minimum spend amount. Most importantly, see to it that you clear your balance in full each month before it starts accruing interest.

Next up, you can transfer your existing debt and pay 0% interest for 24 months which can be requested at card application. A one-off 1% balance transfer fee applies and after the introductory period, it reverts to the cash advance rate. This offer lasts until 31 July 2024.

Speaking of savings, this card also offers a discounted $49 annual fee in the first year - that’s an additional $75 in savings. After 12 months, the annual fee will revert to $124 which is a reasonable amount considering all the great benefits this card offers.

What’s not so great...

Cardholders should take note of the rates of interest applied to purchases and cash advances on this card, as they are relatively high. Avoid interest payments by clearing the balance month-to-month and saying no to the cash advance feature.

Note as well that you won't be eligible for the bonus points offer if you currently hold or have held an Amplify, Amplify Platinum or Amplify Signature card issued by BankSA, Bank of Melbourne, or St.George in the last 12 months.

Also, you can only transfer balance(s) from up to 3 non-BankSA, St.George and Bank of Melbourne Australian issued credit, charge or store cards.

Why should you choose this card?

There are several reasons you may want to choose this card. First- its enticing introductory offers which include the bonus points and 0% p.a. on balance transfers.

Second- its overall annual fee affordability. This card has a reasonable annual fee for a platinum rewards credit card as compared to other cards on the market. For a $124 ongoing annual fee (after the $49 first year annual fee), cardholders have the chance to earn rewards on everyday spending and enjoy a number of other extras too, such as travel insurance on trips up to three months, extended warranty insurance, and one additional cardholder at no extra cost.

Overall Rating

A platinum rewards card with a host of features, a choice of rewards programs, and great introductory offers – all for a reduced $49 first year annual fee.

User reviews

BankSA Amplify Platinum Credit Card ( based on 2 Creditcard.com.au user reviews )

85% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 19.49% p.a.

Cash advance rate 21.49% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 24 months

Balance transfer revert rate 21.49% p.a.

Balance transfer from personal loan No

Balance transfer fee 1% one off

Balance transfer limit 80% of approved credit limit

Brands you can't balance transfer from Bank of Melbourne, BankSA, St.George

Credit limits

Minimum credit limit $6,000

Maximum credit limit $80,000

Fees & repayments

Annual fee $124 p.a.

Additional cardholder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2% or $10, whichever is greater

Annual fee the first year $49

Cash advance fee 3%

Late payment fee $15

Rewards and points

Rewards program

Rewards Program Amplify Rewards Amplify Rewards

Bonus points 100,000 points

Annual points cap uncapped

Bonus points spend criteria when you spend $3,000 within the first 90 days

Earning points with this card

Amplify Rewards points 1 point per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 3 months

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Eligible with Apple Pay, Google Pay and Samsung Pay.

Overview

BankSA Amplify Platinum Credit Card

Disclaimer: The interest free period is the maximum number of days during which interest is not charged on new balance transfers. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.

Key features

  • Earn 100,000 bonus Amplify Points when you apply and are approved for a new card, and spend at least $3,000 on eligible purchases within 90 days from card approval (worth up to $450 in eGift cards)
  • 0% p.a. for 24 months on balance transfers requested at card application. 1% balance transfer fee applies. Reverts to cash advance rate. Available to new cards only
  • Reduced $49 annual fee in the first year, $124 thereafter (saving you $75). Available to new cards only
  • Earn 1 Amplify Point per $1 spent on eligible transactions. Points are uncapped and never expire
  • Complimentary international and domestic travel insurance covers, extended warranty, and purchase protection for up to 4 months
  • Up to 55 days interest free on purchases.
  • Eligible with Apple Pay, Google Pay and Samsung Pay.

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • You have permanent residency in Australia/NZ OR; You’re a non-resident or migrant and hold an acceptable Visa, with a min 1 year before expiry

  • You have your personal details ready to complete the online application

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

Something you need to know about this card? Ask our credit card expert a question.

6 questions (showing the latest 10 Q&As)

Peter

Peter

11 October 2022
I have a secured full time employment, and a decent credit rating. My salary is around after tax is approx $55 k. Am l qualified for applying the amplify credit card. Currently l hold Amex as the only credit card. Thank you Peter khan
    Pauline - CreditCard.com.au

    Pauline

    12 October 2022
    Hi Peter, there’s many things that providers look at behind the scenes when you apply, beyond the published eligibility criteria. One of these is the limits of any other credit cards you might have. So if you have a $5,000 credit limit on the Amex, but aren’t using all of it, a new provider won’t see this. They’ll just know you have a $5k limit. This will then factor into your affordability for a new card too.If you’re confident you met all the criteria, you can go to BankSA’s official website, read the fine print and apply for the card.
Anna alessi

Anna alessi

28 June 2022
What is the current situation with travel insurance? I have an amplify platinum card. Thankyou
    Pauline - CreditCard.com.au

    Pauline

    29 June 2022
    Hi Anna, I checked this for you and see that complimentary insurances are included with BankSA Amplify Platinum card - international travel insurance, extended warranty, overseas transit accident insurance to name a few. Pandemics, like COVID, are listed as an exclusion. You can check BankSA’s official complimentary insurance PDF for further information on the coverage.
Emma

Emma

10 March 2022
The bank has transferred my Amplify Visa to a Platinum Amplify Visa, but my points are not displayed? How do I acces my points?
    Pauline - CreditCard.com.au

    Pauline

    11 March 2022
    Hi Emma, for any account-related questions, please call BankSA directly 13 13 76. We’re not BankSA and can’t help with your inquiry.
sta

sta

29 November 2020
Interested in what is exactly good credit and not applied for multiple credit cards recently? Does this mean in the last 12 months or 24 months?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 November 2020
    Hi Sta, good credit is not having any black marks on your credit rating. Also relates to paying bills on time, not been overdrawn on your bank account as examples. Typically I suggest you only apply for 1 credit card every 6 months. So if you have not applied for longer than this.
Elaine

Elaine

3 October 2018
Are you able to provide a list of businesses I would have to choose from if I opt to redeem my points for gift cards or retail vouchers, homewares or tech?
Leanda Merritt

Leanda Merritt

29 May 2018
Is there a cap on Amplify points earns per month ?? What is the conversion of Amplify points to velocity points ? thank you Leanda

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