BankSA Amplify Platinum Credit Card (Amplify)

Card features
balance transfer
purchase rate
annual fee
BankSA Amplify Platinum Credit Card (Amplify)
Apply by 23 jan 19
BankSA Amplify Platinum Credit Card (Amplify)
Up to 50,000 Amplify points. Conditions Apply.
No annual fee for the first year.
No cap on the number of points you can earn.
Add to comparison
19.49% p.a.
1st year
then $99

Pros & cons

What's good?

What's not so good?

Earn up to 50,000 bonus Amplify Points when you spend $2,000 on eligible purchases within 90 days from card approval. Exclusions apply.
No annual fee for the first year.
No cap on the number of points you can earn.
International travel insurance for trips up to 3 months for you and your family. The cover includes medical expenses, unexpected trip cancellation and rental vehicle excess.
24/7 Visa Concierge service to help you make bookings.
Foreign transaction fee of 3% of the Australian dollar value of each foreign transaction.

Our review

Our review of the BankSA Amplify Platinum Credit Card (Amplify)Reviewed by Yvonne Taylor

How would you like to have a credit card that allows you to switch between earning frequent flyer points and standard rewards program points, as often as it suits you to do so? Most rewards credit cards lock you in to either one program or the other, but the BankSA Amplify Platinum Credit Card lets you change your mind without penalty. You could save Qantas Frequent Flyer points until you have enough in the kitty for an overseas airfare, and then swap to Amplify Rewards to earn hotel accommodation points, or exchange points for some swish new suitcases. And whichever program you choose, you have the potential to earn a massive 50,000 points to get you started.

50,000 points on offer

How good would it be to kick off your points account, or boost your existing points, with an extra 50,000 points – QFF or Amplify, your choice. Simply spend $2,000 in 90 days after card approval – that’s just $667 per month – and those valuable bonus points will be yours. 50,000 points is more than enough for a one-way economy flight to Los Angeles (45,000 points), while the same number of Amplify points could be converted to around $225 worth of shopping cards.

Earning Qantas Frequent Flyer points

If you choose to earn Qantas points you’ll do so at the ongoing rate of 0.5 pts per $1 spent earned, for all your card purchases. All points are uncapped, a feature that is becoming something of a rarity, meaning there’s no restriction on the number of points you can earn per month or per year.

Use your card to buy Qantas flights or other Qantas products, quote your frequent flyer membership number, and you’ll earn extra points from Qantas itself.

QFF points earning rate only moderate

The card’s QFF points earning rate is not the best available on the market. However, rewards program earning rates always need to be assessed in conjunction with the annual card fee and any other complimentary benefits. One of those benefits is the QFF program joining fee, currently $89.50, which the bank will pay on your behalf if you are not already a member.

Redeeming Qantas Frequent Flyer points

The most cost effective way to use QFF points is to use them for long-haul flights or business class upgrades. But you can also exchange points for merchandise or retail and hotel accommodation vouchers at the Qantas online store. 8,000 points, for example, will buy you a one-way economy flight between Sydney and Melbourne (before airport taxes) and most $50 retail gift cards cost 8,290 points.

Earning Amplify Rewards points

In the bank’s own points scheme, the Amplify Rewards program, you can earn at the rate of 1 pt per $1 spent = Amplify points.

Redeeming Amplify Rewards points

There is a wide variety of options for Amplify points redemption, including:

  • An online merchandise catalogue featuring appliances and homewares, technology, fashion, toys, sporting goods and more
  • Movie tickets, theme park passes and other entertainment opportunities
  • A range of retail gift cards. That same $$50 retail gift card, which cost 8,290 QFF points ($16,580 of card spending), can be yours for 11,100 Amplify points (a much lower $$11,100 worth of card purchases).
  • Booking domestic or international flights and hotel accommodation through Amplify Travel
  • Converting Amplify points to frequent flyer points with Malaysia Airlines, Singapore Airlines or Virgin Australia, at the rate 2 Amplify points = 1 airline point
  • Turning your points into a cash superannuation deposit in a BT Super for Life account, at the rate of 3,000 points = $15
  • Using 18,000 points to pay the card’s $0 p.a. annual fee
  • The opportunity to convert your points into a cash donation to a worthwhile charity

Complimentary insurance policies

The list of built-in benefits continues with an extensive range of insurance cover:

  • Overseas travel insurance: International travel becomes a worry-free zone when you and your family are covered for medical expenses, trip cancellation and delays, luggage that is lost, stolen or damaged, rental vehicle insurance excess, and more.
  • Transit accident insurance: Receive a cash compensation if you suffer loss of life or limb while travelling on public or commercial transport.
  • Extended warranty insurance: The manufacturer’s Australian warranty on goods purchased is doubled, up to a maximum of one additional year.
  • Purchase protection insurance: 90 days of cover against loss, theft or accidental damage.

These policies are activated when goods or travel fares are purchased with the card. For international travel insurance you need to use the card to pay at least $500 of the travelling group’s prepaid travel, accommodation or tour expenses.

Platinum privileges

Would you like to get the most out of life, even though you are time poor? If so, you could make good use of the card’s Visa Platinum concierge service. Dial the number provided and explain your needs – restaurant booking, theatre tickets, local sightseeing tours, hotel recommendations or reservations – and let your personal concierge take care of it.

It’s worth taking a look at the Visa Premium website to check out the other lifestyle benefits and discounts, such as access to pre-sale event tickets, that come packaged with a Visa Platinum card.

Typical interest rates

Look elsewhere if you regularly run an overdue balance or rely on credit card cash advances. The interest rates – 19.49% p.a. for purchases and 20.24% p.a. for cash advances – are predictable platinum card rates.

And the cost is . . . ?

Rewards points with the ability to switch programs, substantial bonus points, complimentary insurance and platinum privileges, all come at a price. In this case it’s $0 p.a. a year, which is not too bad for a rewards card with other benefits. There is also no charge for a supplementary card.

Are there other cards like this?

Besides the St. George group cards, the only other range of cards that lets you choose between Qantas points and a proprietary rewards program is the Westpac Altitude series. The Westpac Altitude Platinum Card has similar benefits to the BankSA card, including bonus points.

If you don’t mind which kind of points you earn, but want a platinum card with a fee lower than $100, consider the HSBC Platinum Credit Card.

Why choose this card?

The BankSA Amplify Platinum Credit Card will suit you if you like to have lots of choices. The ability to flip between QFF points and the bank’s own rewards program is rare. It means you can tailor your points earning to suit your changing needs. And even if you decide to stick with Amplify Rewards, there are so many ways to redeem points that you are unlikely to feel restricted.

Most other boxes (bonus points, complimentary insurance, lifestyle privileges) are ticked, so provided you are not looking for low ongoing interest rates, this card could be your most suitable option.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Amplify Rewards
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Rates & fees

Ongoing interest rates

Cash advances 1.69% 20.24% p.a.
Purchases 1.62% 19.49% p.a.


Annual fee
$0 p.a.
Annual fee 2nd year
$99 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Cool stuff you can get with your points

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

Rewards program basics

First purchase bonus
50,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Amplify Rewards
Spend required for bonus points
$2,000 in 90 days

Earning points with this card

Frequent flyer points
0.5 pts per $1 spent
Overseas earn rate
0.5 pts per $1 spent
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

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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When you get your credit score and apply for a credit card by March 1, 2019.
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