Want to go one better than the already attractive St. George Amplify Signature Credit Card? You can do just that with the St. George Amplify Signature Credit Card Online Exclusive Offer (Amplify). That’s quite a mouthful, but the card itself is easy to get your head around, and even easier to milk for extensive benefits. You’ll be able to take advantage of a huge bonus points windfall, a first-year annual fee waiver, birthday bonuses and a solid ongoing points earning rate.
100,000 bonus points up for grabs
Get your Amplify Rewards points account off to a flying start by spending $4,000 using the card within the first 90 days of holding it. That just $1,333 per month on average, an amount that anyone looking at a Signature level card will probably spend on everyday purchases without giving it a second thought.
Ongoing points earning rate
You’ll earn 1.5 Amplify Rewards points per dollar spent on eligible purchases. (‘Eligible purchases’ excludesitems such as balance transfers and cash advances, interest charges and other card fees.) It’s not the highest points earning rate around but bear in mind that there’s no points cap or threshold. Points thresholds (a limiting monthly spending amount, beyond which the points earning rate drops dramatically) and points caps (a limiting monthly or annual amount, beyond which no points at all can be earned) are a feature of many of this card’s competitors.
Amplify Rewards is St. George’s own rewards program. It has all the usual points redemption options (merchandise, retail gift cards, movie tickets, entertainment experiences, holiday packages) plus conversion to frequent flyer points with three airlines.
More detail about points redemption
Having spent your initial $4,000 in 90 days, you’re going to have 106,000 Amplify Points to play with. Here are some of the things you could exchange them for:
St. George will make your birthday happier with a bonus of 10 percent of the points you earned in the previous year. So if your average card spending is $1,500 per month you will earn 27,000 Amplify points and receive a birthday bonus of 2,700 Amplify points.
First year fee waiver
You can try this card free of charge for a year, with this exclusive online special first year fee waiver. The ongoing fee of $279 kicks in for the second and subsequent years.
International travel benefits
Regular international travellers will get the most out of this card, even though the benefits are somewhat tarnished by the 3 percent international transaction fee.
The card comes with two single-visit Priority Pass lounge passes each year. The Priority Pass lounge network in Australia is growing, and there are now lounges in Sydney, Melbourne, Brisbane, Adelaide, Darwin and Cairns, plus more than 1,200 worldwide.
Once again, you’ll need to be a frequent traveller or a higher-than-average spender to appreciate the automatic membership of the Visa Luxury Hotel Collection, offering extras such as best available rates, free Internet, complimentary breakfast and late checkout at 900 hotels worldwide.
The full premium card insurance package is built into the Amplify Signature card:
The extensive multi-trip international travel insurance for a family would normally set you back about $750 per year. The total value of these insurance policies is estimated to be about $1,350 per year.
Unsurprising interest rates
Premium rewards cards like this one are never going to be about low interest rates. The purchases interest rate of 19.49 percent p.a. is totally avoidable if you take full advantage of the 55 interest-free days on purchases and pay your account balance in full each month. Similarly, avoid taking cash advances and you’ll never pay the steep 20.24 percent p.a. cash advance rate.
A look at the competition
If you’re looking to earn rewards points, this card’s closest competitors include Westpac’s Altitude cards, the NAB Rewards Signature Card and the ANZ Rewards Black Credit Card. You can compare these cards and more on the All Rewards page in our Features section.
Who will benefit most from the St. George Amplify Signature Credit Card?
International travel insurance, airport lounge passes, luxury hotel benefits and the absence of a points cap make this an ideal card for big spenders who enjoy regular international travel. They should have no trouble recouping the cost of the relatively high annual fee (waived in any case in the first year), even when the first purchase bonus points and $300 travel credit have become a distant memory.
|Cash advances||1.69%||20.24% p.a.|