BankSA Amplify Signature Credit Card (Qantas)

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BankSA Amplify Signature Credit Card (Qantas)
Apply by 23 jan 19
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BankSA Amplify Signature Credit Card (Qantas)
Up to 80,000 Qantas points. Conditions Apply.
Earn 1.5 Amplify Points per $1 spent in Australia.
Reduced annual fee of $179 in the first year, currently saving you $100.
Add to comparison
-
19.49% p.a.
ongoing
$179
1st year
then $279

Pros & cons

What's good?

What's not so good?

Earn up to 80,000 bonus Qantas points when you spend $4,000 within 90 days from card approval. Exclusions apply.
Reduced annual fee of $179 in the first year, currently saving you $100.
Receive a birthday points bonus of 10% of the points earned in the last 12 months.
Flexibility to choose the rewards programs that better suits you. Amplify points can be redeemed through Virgin Australia’s Velocity, Malaysia Airlines’ Enrich and Singapore Airlines’ KrisFlyer.
If you’re a newcomer to Qantas the $89.50 enrolment fee is FREE!
Enjoy two complimentary airport lounge passes per year upon enrolment.
International travel insurance for trips up to 6 months for you and your family including medical expenses, unexpected trip cancellation and rental vehicle excess.
Better Qantas Frequent Flyer points earning rates can found on other cards.
Foreign transaction fee of 3% of the Australian dollar value of each foreign transaction.

Our review

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

Some credit cards defy the old adage ‘You get what you pay for’. The BankSA Amplify Signature Credit Card (Qantas) is one of those. You won’t get just what you pay for since you will recoup nearly six times the value of the annual fee every year in the form of included benefits.

The annual fee from the second year onwards is is $279, but in the first year it’s reduced to only $179, a very low fee for a Qantas points card loaded with extras. The complimentary benefits could be worth over $1,500 a year if you use all of them. Here’s how it works:

  • Overseas travel insurance

Most annual multi-trip international travel policies only provide cover for expeditions of limited length. The least expensive policies will terminate cover once you have been away from home for 30 days. But BankSA’s QBE policy for this premium card will protect the cardholder, spouse and children for multiple trips of up to six months’ duration every year, covering medical expenses, your luggage, cancellation and delays, rental vehicle insurance excess, and much more.
  • Supplementary cardholder cover

Some credit card overseas travel insurance only provides cover for the primary cardholder and their immediate family and does not include specific cover for any supplementary cardholders. This means that a spouse holding a supplementary card is not protected by the policy unless accompanying the primary cardholder. But the BankSA overseas travel policy also covers supplementary cardholders and their family, even when travelling without the primary cardholder.
  • Interstate flight inconvenience insurance

Interstate holidays of up to 14 days are also made worry-free by this useful policy, covering unavoidable trip cancellation, flight delays and lost, delayed or damaged luggage.
  • Transit accident insurance

Regular users of public or commercial transport (including planes and ferries) will be reassured by this policy offering sizeable cash compensation for loss of limbs, eyesight, or even life, if it’s as a result of a transit accident.
  • Extended warranty insurance

Get more life out of your appliances and technology when the manufacturer’s Australian warranty is doubled in length, up to a maximum of 12 additional months.
  • Purchase protection cover

For four months after the purchase date, your new personal items will be covered against loss, theft or accidental damage. (Many cards have this type of insurance, but in most cases it’s limited to three months.)
  • Guaranteed pricing / Price protection

If you see an item you purchased in a store recently (up to 21 days previously) advertised at a lower price in a local printed catalogue, BankSA will refund the price difference if it is more than $75 (up to a maximum of $300).
  • Rental vehicle insurance excess in Australia

This one is fairly rare, because most cards only cover rental vehicle insurance excess as an inclusion in overseas travel insurance, meaning that cover is not provided in Australia. But BankSA specifically includes rental contacts in Australia as well, so that you’re covered for interstate travel or even when hiring locally because your own vehicle is off the road.
  • Qantas Frequent Flyer joining fee

There’s a choice of rewards programs, but if you choose Qantas Frequent Flyer the bank will pay your $89.50 joining fee if you’re not already a member.
  • Airport lounge passes

Regular travellers will know the value of relaxing in an airport lounge before or between flights, especially when a long haul is involved. Every year, BankSA will give you two single-entry lounge passes valid for Qantas Club and most Qantas-operated International Business lounges.

The insurance benefits are activated by using the card to purchase the items, travel or services to be covered ($500 of pre-paid trip expenses in the case of the overseas travel policy).

Working out the value

These ten benefits add up to a whole lot of dollar value every year, to offset against the $279 annual fee ($179 in the first year). The calculation looks like this:

  • Overseas travel insurance – above average cover: $592
  • Supplementary cardholder overseas travel cover: $164
  • Interstate flight inconvenience policy: $290
  • Transit accident insurance: $175
  • Extended warranty – say, $250 claim per 5 years: $50
  • Purchase protection – say, $200 claim per 5 years: $40
  • Price guarantee – say, $100 claim per 10 years: $10
  • QFF joining fee – $89.50 spread over 5 years: $18
  • 2 Qantas lounge passes every year worth, say, $75 each: $150
  • Australian car hire excess – based on 14 days per 5 years: $29
*TOTAL: $1,518

80,000 bonus QFF points

The first year is particularly rewarding because it begins with bonus points. Spend $4,000 using your new card in the first 90 days, and receive 80,000 extra points. 80,000 QFF points is almost enough for a return economy flight from Sydney to Los Angeles (90,000 points).

Points earning rates

Points accrue at 0.75 QFF points per dollar spent, a higher rate than all other BankSA Qantas cards. Although the rate is not as good as some competing cards, it is quite respectable. Points are uncapped, which is a plus. (There are few things more irritating than making a major purchase in a particular month, only to discover that a large part of your expenditure isn’t earning points.)

Birthday bonus points

Every year you’ll get a present from BankSA when your birthday comes around: a credit to your points account equivalent to 10 percent of your points earning in the previous 12 months. For example, if during the year you spent $24,000 (an average of $2,000 per month), you would earn 18,000 QFF points, and your bonus would be 1,800 QFF points.

Redeeming your points

Qantas points are best used for long haul flights, business class flights or flight upgrades. Avoid the merchandise catalogue unless you are desperate to burn points, because it doesn’t offer good value for money spent.

Other credit cards loaded with benefits

The extensive built-in benefits are the standout feature of this card. But of course there are others with similar attributes.

The American Express Platinum Edge Credit card, for example, has rewards points and slightly less insurance cover but also includes other travel benefits. Amex cards are not accepted everywhere, however, or sometimes incur a transaction surcharge.

The ANZ Frequent Flyer Black Credit Card has insurance cover almost identical to the BankSA card and more generous airport lounge access, but Qantas is the only rewards program available, whereas the BankSA card is also available in an Amplify Rewards points version.

The benefit-laden Citi Prestige Card stands head and shoulders above its competitors. The accompanying huge annual fee may seem a mere snip if you can meet the Citi card’s annual income requirement of $150,000.

Check out these and other Qantas points cards on the Qantas page in our Features section.

Is the price worth it for you?

Even though it costs only $179 in the first year, the ongoing annual fee of $279 makes it a pricey card, although it’s far from being the most expensive of prestige cards. But the value of the complimentary benefits is well above that of some other cards which charge more.

If you are a regular overseas and interstate traveller who channels all possible expenditure through a credit card, you should be able to make good use of most of the ten inbuilt benefits while accumulating a hoard of rewards points. It could be the best value $179 you’ll spend this year.

User reviews

4.8 out of 5.0 based on 1 review100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Good bonus points, disappointing ongoing earn rate

Reviewed and recommended by Michael on 27 Nov 2016

I’ve had this card for about 12 months now. It earns Qantas points, which is why i got it. I also got a big points bonus to kick things off. The only downside is it only earns at 0.75 points per dollar. Otherwise it is a standard Visa card.

BankSA service is always exceptional.

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
Black
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
$15,000
Maximum credit limit
$75,000

Repayments

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

Rates & fees

Ongoing interest rates

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

Fees

Annual fee
$179 p.a.
Annual fee 2nd year
$279 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
$5
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
80,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Amplify Qantas or Amplify Rewards
Spend required for bonus points
$4,000 in 90 days

Earning points with this card

Frequent flyer points
0.75 pts per $1 spent
Overseas earn rate
0.75 pts per $1 spent (QFF)
Points cap per month
Unlimited
Points cap per year
Unlimited
Points earned on ATO payments
N/A
Reward points
1.5 pts per $1 spent

Additional benefits

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