BankSA Amplify Credit Card | Review, Compare & Apply

BankSA Amplify Credit Card

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
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Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
BankSA Amplify Credit Card
Apply by 02 oct 19
3 reviews
BankSA Amplify Credit Card
0% p.a. for 14 months on purchases.
Earn 1 Amplify point per $1 spent.
Up to 55 days on purchases.
Add to comparison
-
14 months
0% p.a.
then 19.74%
$79
ongoing

Pros & cons

What's good?

What's not so good?

0% p.a. for 14 months on purchases.
Earn 1 Amplify point per $1 spent.
Flexibility to choose between Amplify Rewards or Amplify Qantas.
Free Qantas Frequent Flyer joining fee of $99.50 for newcomers (for a limited time offer only).
Up to 55 days on purchases.
Foreign transaction fee of 3% of the Australian dollar value of each foreign transaction.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the BankSA Amplify Credit CardReviewed by Yvonne Taylor

You can have a rewards program. You can even choose your rewards program. You can enjoy an extremely long 0% interest period on purchases. You can take advantage of up to 55 days interest free every month when the purchases offer expires. You can get your shopping done quickly and effortlessly with Visa payWave. You can have a supplementary card without paying extra. But best of all, you can have this neat little package of everything you want and nothing superfluous, for only $79 per year. It’s called the BankSA Amplify Credit Card.

Not just rewards, but choice of rewards

Very few rewards credit cards let you choose the kind of points you want to earn, and it’s especially rare with a relatively low-fee card like this one. Not sure whether you want to earn Qantas Frequent Flyer points or participate in the bank’s own program, Amplify Rewards? No problem. You can start with one and then switch to the other, and change your mind as often as you like. (Just be aware that points already earned in one program can’t be converted to the other.)

Free Qantas Frequent Flyer Membership

If you’re not already a Qantas Frequent Flyer, the $99.50 joining fee could be the deterrent that’s holding you back. But BankSA will pay your joining fee, so you even if you do change your mind you won’t have lost anything.

Earning points

The points earning system is quite straightforward. Depending on which rewards program you choose, for every dollar spent using the card you will receive:

  • 1.0 Amplify point or
  • 0.5 Qantas Frequent Flyer points

It’s not a stellar rate, and there are no first purchase bonus points and no extra points for overseas spending, because this is a stripped-back card with a moderate fee. It’s more likely to appeal to someone who regards rewards points as an incidental benefit rather than a major incentive.

Spending points

The points will stack up, however, without any extra effort on your part. Just use your card for your everyday spending and see the number grow.

If you choose Amplify rewards you can redeem the points for:

  • Merchandise in the Amplify Rewards online catalogue
  • Paying your $79 annual card fee (14,400 points)
  • Bookings through Amplify Travel: domestic and international flights, hotels worldwide, car hire and activities
  • Frequent flyer points with Virgin Australia, Singapore Airlines and Malaysia Airlines, at the rate 2 Amplify points = 1 frequent flyer point (and you can choose to have your Amplify points automatically converted into Virgin Velocity points)
  • Gift cards to spend at major Australian retailers, e.g. 11,100 points for a $50 card
  • Movie tickets, e.g. 11,350 points for a Hoyts family ticket (2 adults + 2 children)

If you chose Qantas Frequent Flyer points you can redeem them for:

  • Qantas and Jetstar flights and upgrades
  • Flights and upgrades with one of the Qantas group partner airlines, including American Airlines, Emirates, British Airways, Cathay Pacific, Japan Airlines and many more
  • Car hire with Avis and Budget, Uber services or Qantas valet parking passes
  • Booking at 100,000 hotels throughout the world
  • Merchandise in the Qantas online store
  • Retail gift cards, e.g. 7,940 points for a $50 card
  • Movie tickets, e.g. 4,764 points for a $30 Hoyts digital gift card

If you compare the Amplify and Qantas points required for gift cards and movie tickets – and remember that earning a Qantas point takes twice as much card spending as earning an Amplify point – it’s clear that you would only choose the Qantas frequent flyer rewards option if you intended to use the points for flights and upgrades. If you want merchandise, gift vouchers and the other options, it’s best to stick with the Amplify program and earn the same rewards by spending much less.

Long 0% interest on purchases option

If you are planning a major purchase in the near future, here’s an easy way to get 14 months free finance. Make your purchase as soon as your card is approved, and you won’t have to pay any interest on it, or any further purchases that you make, until the end of 14 months.

To make the most of this offer, don’t be tempted to buy things you won’t be able to pay for when the offer period expires. At this point you would start to pay the card’s ongoing purchases interest rate of 19.74% p.a. on any uncleared balances, and the interest savings you had made would quickly disappear.

Cash advances will always attract interest at 21.49% p.a., from the withdrawal date until fully repaid.

Up to 55 days interest free each month

When the 0% on purchases offer ends, you can still enjoy up to 55 interest-free days each month on your purchase transactions.

Not all credit cards come with as many as 55 interest-free days each month. Many other cards offer only 44 days interest free. That extra 11 days per month can make quite a difference. It gives your cash an additional 132 days a year to stay in the bank, earning interest or reducing your mortgage cost.

For a regular $2,000 monthly purchase balance, those extra days during which your cash could remain in a 4 percent p.a. mortgage offset account would reduce your interest cost by an additional $29 per year when compared with a 44-day card. It may not sound like much, but it could become more significant if interest rates go up, and the best part is you don’t need to do anything to earn this extra $29. Just sit back and let it happen.

Visa payWave and other practical features

It’s reassuring to know that this card will keep you up-to-date with current payment technology. It comes with Visa payWave, for speedy, contactless transactions under $100.

The bank has an Emergency Card Replacement Service, which means that if your card is lost or stolen it can usually be replaced within two business days. You will, however, pay $52.50 for a card to be replaced outside Australia, plus $45 if you need it delivered urgently. The message: hang on to your card.

But perhaps the most practical feature is that it is fuss-free. There are no complicated insurance policies to assess so that you can decide if they’re worthwhile, nor any other complimentary benefits beyond the 0 percent on purchases offer and the moderate rewards points. The result is a relatively modest $79 annual fee, with no charge for supplementary cards.

Not the only card with these attributes

Where there’s a market, there’s competition. So there’s no shortage of other low-fee, stripped-back cards that still allow you to collect rewards effortlessly.

In fact, you don’t need to pay a fee at all if you don’t want to. The American Express Essential Credit Card has no annual fee and lets you earn Amex Membership Rewards points (no Qantas points though).

The Coles No Annual Fee Mastercard delivers flybuys points, which can be used to pay for groceries at the checkout.

Seriously consider applying for this card if . . .

. . . you like the idea of earning rewards points (especially if you’d like to flip between Qantas and Amplify) but right now you need a long period at 0 percent interest on purchases. Unlike a balance transfer offer, a purchases offer like this means that you can have an unpaid balance and still use your card to earn rewards immediately without paying interest.

The card will pay for itself as soon as you’ve spent $14,400 in any one year (to earn the 14,400 points you could use to pay the annual fee) and after that it’s nothing but profit all the way.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.7 out of 5.0 based on 3 reviews100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Good service, local branches

Reviewed and recommended by Tania on 25 Sep 2016

BankSA is a great bank to have an account with and it has excellent customer service. It’s great to be a customer of BankSA as they have branches near where I live.

The fee is not expensive. I have this card because I’m good with money. I like BankSA.

Get out of trouble card

Reviewed and recommended by John Mihalopoulos on 11 Oct 2013

I have only used the card for get out of trouble situations – like large amount of bills coming in at one time and therefore what you have put away will not cover that debt. Then the following month we will pay that debt back. Nothing bad to say about the card, its how you use it and how responsible you are when it comes time to paying that debt back. I wish the interest would be a whole lot less, that would make it a very attractive card. As far as customer service goes – I couldn’t deal with a much better group or bank, very happy.

Budget friendly fees and easy application

Reviewed and recommended by Suzukisue on 12 Sep 2013

The Amplify card was a breeze to apply for and the no annual fee (Advantage package bonus) made it budget friendly! BankSA have continued to provide excellent customer service and gave us a sensible limit on this credit card so that things don’t get 'out of hand’. I would highly recommend this card.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
Visa
Card use
Personal
Credit rating
Any
Gambling transactions allowed
No
Joint application
Yes
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Amplify Qantas or Amplify Rewards
Temporary residents
N/A

Cardholders

Additional cardholders
1
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$500
Maximum credit limit
$25,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $10 or 2%

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfersN/AN/AN/AN/A N/A
Purchases0% p.a.14 monthsN/AN/A 19.74% p.a.

Ongoing interest rates

MonthlyAnnually
Cash advances 1.79% 21.49% p.a.
Purchases 1.65% 19.74% p.a.

Fees

Annual fee
$79 p.a.
Cash advance fee
2%
Dishonour fee
$9
Duplicate statement fee
$2
Foreign exchange fee
3%
Late payment fee
$15
Over limit fee
N/A
Overseas ATM balance fee
$2.50
Overseas ATM withdrawal fee
$2.50
Overseas emergency card replacement fee
$52.50
Transaction verification fee
$10.5

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

Reward points expiry
Never as long as you keep your account active
Rewards program
Amplify Qantas or Amplify Rewards
Sign up bonus
N/A
Spend required for bonus points
N/A

Earning points with this card

Frequent flyer points
0.5 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Unlimited
Points cap per year
Unlimited
Points earned on ATO payments
N/A
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
No

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular weekly income
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are allowed
Age Pension, Disability Pension and Widower's Pension are acceptable.
Family Tax Benefits and Parenting Payments is acceptable.
Austudy, Carer's Allowance, Child Support Payments and Foster Care Allowance are not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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