BankSA Amplify Signature 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 Ask Pauline a Question about this card.

The BankSA Amplify Signature Credit Card with up to 200,000 Bonus Amplify Points

For some people, simple is better. All they want is a no-frills credit card at the lowest possible cost. For others though, they are looking for something more from their card. While they may not be looking for prestige, per se, they are looking for prestige features.

Offering a dazzling array of extras, the BankSA Amplify Signature Credit Card could be the ideal option if you happen to want more from your card. Providing the choice between two rewards programs, this card offers a great earn rate, alongside plenty of features and up to 200,000 bonus Amplify points as an introductory offer. If you want to earn Qantas points, see the BankSA Amplify Signature Credit Card – Qantas. Plus, take advantage of the long term 0% p.a. for 24 months on balance transfers requested at new card application.

What we love...

One of the things we love most about the BankSA Amplify Signature Credit Card is its bonus points offer. Allowing you to get a head-start on your points-saving, the card provides you with up to 200,000 Bonus Amplify Rewards Points over 2 years (100k on year 1, 100k on year 2) when you spend $12k on eligible purchases each year.

And everyday points earning potential? If you choose to earn on the Amplify Rewards program, you could earn 1.5 Amplify Points per $1 spent on eligible purchases within Australia and overseas, with no points capping.

The points you earn can be redeemed for gift cards or retail vouchers, homewares or tech, or they could go towards your next travel adventure when used within frequent flyer programs such as Malaysia Airlines’ Enrich and Singapore Airlines’ KrisFlyer.

Alternatively, if you choose to earn on the Qantas Rewards program, you could earn 0.75 Qantas Points per $1 spent, uncapped, with the opportunity to earn double points on purchases with Qantas Frequent Flyer Program partners. Click here to see the offer.

Within the Qantas program, you have a huge choice of redemption options, whether that means using your points within the Qantas Store, or redeeming points for flights and upgrades with Qantas or one of its 35 partner airlines.

Aside from being a big provider of bonus points, BankSA Amplify Signature Credit Card also provides long term offer on balance transfers. Currently, newly approved card applications can benefit from 0% p.a. for 24 months on balance transfers, available upon request. A one-time off 1% balance transfer fee applies. Rate then switches to variable cash advance rate. You are allowed to transfer balances up to 80% of your approved available credit limit (minimum of $200) from up to 3 non-St.George, Bank of Melbourne and BankSA Australian issued credit, charge or store cards.

What’s not so great...

As a rewards card, there are certain factors to be aware of before applying for the BankSA Amplify Signature Credit Card. For one thing, the Qantas earn rate is relatively low compared to other prestige rewards cards on the Qantas program.

You should also be aware of the significant ongoing annual fee, the high rates of interest applied to cash advances and purchases, and the high minimum credit limit.

To be eligible for the bonus points offer over 2 years, you have to spend $12,000 on eligible purchases each year. As long as you need to make those purchases anyway, that’s fine, but there’s no point spending unnecessarily just to claim points that are worth a lot less than your $24,000 spend. If you meet the spend requirement, you'll receive 100,000 bonus Amplify Points in year 1 plus a further 100,000 in year 2.

Why should you choose this card?

Saying that, choosing a prestige card should be all about balance. Avoid unnecessary interest payments, and work out whether the features on offer are worth more than what you’re paying out in annual fees.

Luckily, the BankSA Amplify Signature Credit Card has plenty of features to tip the scales. Aside from the rewards program and bonus points offer, this card offers a range of complimentary insurances, including travel insurance, extended warranty insurance and price guarantee cover.

You can also benefit from two Priority Pass lounge visits per year on the Amplify Rewards program or two Qantas lounge passes, membership to the Visa Luxury Hotel Collection, and birthday bonus points, where, on your birthday, you’ll receive 10% of the points earned in the past 12 months, added to your account.

Overall Rating

A prestige rewards card that earns points on the Amplify or Qantas rewards program, offering fantastic features, up to 200,000 bonus Amplify points, and 0% p.a. interest on balance transfers for 24 months. Promotional offers are available to new cards only.