Bonus number one: 100,000 Amplify Rewards first-purchase points.
Bonus number two: 10 percent of the points earned in the previous 12 months, every time your birthday comes around.
Bonus number three: two Priority Pass lounge visits, absolutely free, every year.
Bonus number four: only with this online exclusive offer, no card fee payable in the first year.
That’s four bonuses up for grabs with the BankSA Amplify Signature Credit Card Online Exclusive Offer (Amplify), extras that make an already attractive card even more appealing.
Let’s take a look at the details.
Earn ongoing points in BankSA’s Amplify Rewards program
Every dollar you spend by using this card for eligible purchases will earn you 1.5 Amplify Rewards points. (‘Eligible purchases’ essentially means all purchase transactions but excluding cash or cash equivalents, such as cash advances, balance transfers, interest charges, card fees and purchases of foreign currency.)
There’s no threshold beyond which the points earning rate declines, and no cap on the number of points you can earn. That’s yet another bonus when compared with the many cards which limit points earning by imposing a cap or threshold.
Bonus One: easily add 100,000 points to your haul
Under normal circumstances, you’d need to spend $66,667 to earn 100,000 points, which could take a couple of years. But you won’t have to wait that long, because if you can spend $4,000 in the first 90 days (an average of $1,333 per month, readily achievable via just everyday expenses for most cardholders) you’ll score 100,000 bonus points. A great start.
Bonus Two: bump up your balance even further with the birthday bonus
BankSA will make your birthday even happier every year by giving you an extra 10 percent of the points you earned in the previous year. Spend, say, $2,000 per month, earning 36,000 points for the year, and receive an additional 3,600 points for doing absolutely nothing. This happens not just in the first year, but every year.
Lots of points redemption options
Exchanging Amplify points for retail gift cards or airline frequent flyer points are among the most popular form of points redemption, but you’re not limited to those two. Most options are covered in this list:
Bonus Three: relax in comfort before you fly with two Priority Pass lounge visits each year
Those 100,000 bonus points would translate into 50,000 Velocity points, almost enough for an economy return flight from Sydney to Singapore (55,600 points). And you could enjoy your trip even more by taking advantage of two single entry passes to Priority Pass lounges each year. The great thing about the 1,200+ lounges in the Priority Pass program is that you can use them no matter which airline you are flying with.
Wide-ranging complimentary insurance cover
The only reason for not including the complimentary insurance cover in the list of card bonuses is that free insurance is now pretty standard with premium cards like this one. But to make the most of it you need to be aware of what is covered, so that you can not only save money on policies you actually need (like overseas travel cover) but also take advantage of cover you may not think you need, but which is very handy in the event that you have to make a claim (such as interstate flight inconvenience cover, rental vehicle insurance excess waiver, transit accident insurance, extended warranty cover, purchase security insurance and best price guarantee cover).
Don’t dismiss the more obscure policies because you think you’ll never need to make a claim. Take time to familiarise yourself with the insurance cover terms and conditions, and then get used to paying with your card for all your travel expenses and major purchases, in order to activate the policies and gain extra peace of mind.
Not-so-great interest rates
The card’s high interest rates – 19.49 percent p.a. for purchases unpaid beyond the up to 55 interest-free days allowed, and 20.24 percent p.a. applied immediately to cash advances – definitely do not fall into the bonus category.
But if you avoid cash advances, and always pay off your purchase balance in full each month (two habits which will allow you to take maximum advantage of a premium rewards card like this) you need never pay a cent in interest.
Bonus Four: no card fee payable in the first year
This online exclusive offer lets you duck out of paying a card fee for the first twelve months. In the second and subsequent years, you’ll pay a fee of $279, pretty standard for a high-end rewards card and much lower than many competing cards.
The first year is all bonus and no pain, but even in later years, you’ll always come out ahead with the combination of rewards points, birthday bonus points, airport lounge passes and complimentary insurance cover. The insurance cover alone is worth an estimated $1,300 per year if you are a regular traveller and also use your card for major purchases.
Check out other cards before you decide
There are other premium rewards cards with comparable benefits that you might want to consider. On our ‘All rewards’ page in our Features section, you’ll find cards like the American Express Explorer Credit Card, the ANZ Frequent Flyer Black Credit Card and the Westpac Altitude Black Credit Card, with all their features explained.
You may decide on this card for its many bonuses, free in the first year
After you’ve checked out the competition, there are lots of reasons why you may still select this card as the one that’s suits you most. It’s packed with bonuses for travellers and bigger spenders, not just in the first year but every year, and – perhaps best of all – it’s free to try out for size in the first year.
|Cash advances||1.69%||20.24% p.a.|