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.
The points earning system is quite straightforward. Depending on which rewards program you choose, for every dollar spent using the card you will receive:
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.
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:
If you chose Qantas Frequent Flyer points you can redeem them for:
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.
BankSa is a great bank with excellent customer service. I have never had an issue, except for the occasional payment honour fee when I am over my limit. My cards have always accomplished their roles as cards — 10/10. I can make fast instant online payments to my PayPal and other bank accounts.
I would definitely recommend this bank over the other below-average ones.
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.
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.
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.
|Interest rate||Period||Fee||Limit||Revert rate|
|Purchases||0% p.a.||14 months||N/A||N/A||19.74% p.a.|
|Cash advances||1.79%||21.49% p.a.|