BankSA Amplify Platinum Credit Card (Qantas) | Review & Apply

BankSA Amplify Platinum Credit Card (Qantas)

What do you want this card for?
Save money
Earn points
Offer
Card features
balance transfer
purchase rate
annual fee
Apply
BankSA Amplify Platinum Credit Card (Qantas)
Apply by 02 oct 19
BankSA Amplify Platinum Credit Card (Qantas)
Up to 60,000 points Qantas points (conditions apply).
No cap on the number of points you can earn.
0% p.a. for 6 months with 0% fee on balance transfers.
Add to comparison
6 months
0% p.a.
then 21.49%
with a 0% fee
19.74% p.a.
ongoing
$99
ongoing

Pros & cons

What's good?

What's not so good?

Earn up to 60,000 points bonus Qantas Points when you spend $2,000 on eligible purchases within 90 days from card approval. Exclusions apply.
Flexibility to choose Amplify Qantas or Amplify Rewards as your rewards program.
Free Qantas Frequent Flyer joining fee of $99.50 for newcomers (for a limited time offer only).
No cap on the number of points you can earn.
0% p.a. for 6 months with 0% fee on balance transfers. Rate reverts to cash advance rate.
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.
For information about Amplify points earning rate of this card, please click here.
Better Qantas Frequent Flyer points earning rates can be found on other cards.
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 Platinum Credit Card (Qantas)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 into 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 number of bonus points to get you started.

This review will examine the offer’s features if you choose to earn Qantas points.

60,000 points QFF bonus points on offer

How good would it be to kick off your Qantas Frequent Flyer points account, or boost your existing points, with an extra 60,000 points points? Simply spend $2,000 during the first 90 days after card approval – that is just $667 per month – and those valuable bonus points will be yours. 60,000 points QFF points is more than enough for a one-way economy flight to Los Angeles (45,000 points).

Earning Qantas Frequent Flyer points

If you choose to earn Qantas points youÕll do so at the ongoing rate of $1 spent = 0.5 QFF points earned, for all your card purchases. All points are uncapped, a welcome feature which means 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 will 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 $99.50, 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 a $50 retail gift card can be yours for 7,940 points.

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 the airfares of every family member needing cover.

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 – 19.74 percent p.a. for purchases and 21.49 percent 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 $99 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 Woolworths Everyday Platinum 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.

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.

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.

The basics

About this card

Card setup
Single
Card tier
Platinum
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
Temporary residents
N/A

Cardholders

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

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
$35,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%80% of credit limit21.49% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
N/A
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the BankSA Amplify Platinum Credit Card (Qantas) at the promotional balance transfer rate from:

  • Bank of Melbourne
  • Bank of Melbourne Blog
  • Bank SA
  • St.George

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%80% of credit limit 21.49% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

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

Fees

Annual fee
$99 p.a.
Cash advance fee
2%
Dishonour fee
$9
Duplicate statement fee
$7.50
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
$0

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
60,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Amplify Qantas
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
Unlimited
Points cap per year
Unlimited
Points earned on ATO payments
N/A
Reward points
(refer to "Pro" section)

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
Yes

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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