The BankSA Amplify Signature credit card comes with a high annual fee, a moderately high interest rate and a moderate minimum credit limit. It also has a moderately low late payment fee and a moderate interest-free period. The cash advance rate is also high. The card is linked to two rewards programs: Amplify Rewards and Amplify Qantas.
For additional cardholders aged at least 16, there is no extra cost for an additional card, provided the account isn't a joint account. However, additional card transactions are the responsibility of the primary account holder.
Card holders will be automatically linked to a BankSA account if they do not already have one.
Phone and internet banking are available, as well as contactless payment for amounts of less than $100. The card is protected by a 24/7 fraud monitoring service.
- Two rewards programs
- Price guarantee cover
- Range of travel insurances
- High annual fee
- Moderately high interest rate
- High cash advance rate
Who is it good for?
This card is aimed at frequent travellers, although any rewards are balanced by a high annual fee and high interest on purchases.
Travellers will like the range of complimentary travel insurances, including overseas travel insurance, extended warranty insurance and price guarantee. The travel insurance covers overseas medical expenses, trip cancellation and car rental excess. If you take your trip with the card, there are also hotel benefits such as VIP guest status, automatic room upgrades and best rate guarantee, available as part of the Visa Luxury Hotel Collection.
Another attractive feature is that, unlike many providers, the overseas travel policy also covers supplementary cardholders and their family, even when they are not travelling with the primary cardholder.
For the not-so-frequent traveller, points earned can be redeemed for gift cards or retail vouchers, homewares or technology.
What RateCity says
The BankSA Amplify Signature card might suit those who like to earn rewards when using a credit card.
Cardholders earn 1.5 points for every $1 spent, with both Australian and overseas merchants, with no cap applying. A birthday bonus also applies – every time your birthday rolls around, you get a free gift of 10 per cent of all the points you’ve earned in the past year.
The card does offer a range of complimentary insurances, and two priority pass lounge visits per year on the Amplify Rewards program or two Qantas lounge passes.
However, all those goodies come at a cost. You will definitely have to pay the high annual fee – and, depending on how you use the credit card, you might also have to pay a moderately high interest rate and high cash advance rate.
It’s worth shopping around, because you will probably be able to find better value.
To apply for the BankSA Amplify Signature card, you must be at least 18 years old and a either a resident or citizen of Australia, although temporary residents are also eligible if they hold a subclass 457 visa. There’s no minimum income requirement, though you do need to have a good credit rating. The application process is straightforward and can be done online or in person at a branch of the bank.
BankSA is the largest financial institution in South Australia, providing finance products to customers, including credit cards, personal and home loans. Customers can stay in 24/7 contact with customer service representatives through the bank’s phone hotline and online services. Customers can also manage their finances through the bank’s internet banking portal and mobile app. Opening in 1848 as the Savings Bank of South Australia, it is now a division of Westpac Banking.