- 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.
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BankSA Credit Cards
BankSA Amplify Platinum Credit Card
Updated 24 March 2024
Receive 100,000 bonus Amplify Points when you apply by 30 April 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
AmplifyRewards Program
Amplify Rewards
Bonus Points
100,000 pts
when you spend $3,000 within the first 90 days
Pros and cons
- 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. Ask Pauline a Question about this card.
The BankSA Amplify Platinum Credit Card
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 21 February 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 30 April 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 30 April 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
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
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 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
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