St.George Bank

Amplify Signature (Amplify Rewards)

Purchase Rate

Purchase Rate

19.74%

Balance Transfer Rate

Balance Transfer Rate

0%

for 6 months then 21.49%

Annual Fee

Annual Fee

$139

for 12 months then $279

Max Free Days

Max Free Days

55

Late Payment Fee

$15

Purchase Rate

Purchase Rate

19.74%

Balance Transfer Rate

Balance Transfer Rate

0%

for 6 months then 21.49%

Annual Fee

Annual Fee

$139

for 12 months then $279

Max Free Days

Max Free Days

55

Late Payment Fee

$15

Purchase Rate

Purchase Rate

19.74%

Balance Transfer Rate

Balance Transfer Rate

0%

for 6 months then 21.49%

Annual Fee

Annual Fee

$139

for 12 months then $279

Max Free Days

Max Free Days

55

Late Payment Fee

$15

Pros and Cons

Pros and Cons

  • Rewards Available through Amplify Rewards
  • Bonus 200,000 points subject to eligibility conditions
  • Reduced $139 annual fee p.a in the first 12 months and $279 p.a thereafter.
  • Free domestic travel insurance
  • Free international travel insurance
  • Free supplementary cards
  • Price guarantee
  • Extended warranty
  • Concierge
  • Airport lounge
  • Late payment fee

St.George Bank Features and Fees

St.George Bank Features and Fees

Details

Card Level

Premium

Card Type

Visa

Interest Free Days

Interest Free Days

55

Minimum monthly repayment

2% or $10

Minimum credit limit

$15k

Maximum credit limit

$80k

Free supplementary cards

Number free supplementary

1

Instant Approval

Fees

Annual Fee

Annual Fee

$139

for 12 months then $279

Annual Fee Spend Waiver

Supplementary card annual fee

$0

Late Payment Fee

$15

Over limit fee

$0

Duplicate statement fee

$2

Electronic Wallet Service

Important Rates

Rates

Purchase Rate

Purchase Rate

19.74%

Cash advance rate

21.49%

Cash advance fee

2% or $2.5

Balance Transfer

Balance Transfer Rate

Balance Transfer Rate

0%

for 6 months then 21.49%

Transfer Limit

80%

of the approved credit limit

Balance Transfer Fee

$0

Overseas spending

Foreign Exchange Fee

3% on Visa

Overseas charges

Overseas charges

$5

Estimated ATM Cost

$14

for AU $300 withdrawal

Rewards

Program name

Amplify Rewards

Rewards Available

Gift Card

Eligibility

Minimum age

18

Minimum income

$0

Eligibility conditions

Regular, verifiable income

Residency

Australia Citizen, Permanent Resident

Earn Rates

RateCard TypeEarnsCondition
1.5 points for $1 spentVisauncappedeligible transactions

Perks

  • FREE DOMESTIC TRAVEL INSURANCE
  • FREE INTERNATIONAL TRAVEL INSURANCE Cover lasts for 180 days per year
  • FREE SUPPLEMENTARY CARDS
  • PRICE GUARANTEE
  • EXTENDED WARRANTY
  • CONCIERGE
  • AIRPORT LOUNGE
Specials
  • Bonus PointsBalance TransferOther Discounted First Year Fee, Balance Transfer and Bonus Point Special for new applications.
    Discounted First Year Fee: $139 first year - $279 thereafter. Balance Transfer promotion: 0% for 6 months on balance transfers requested at new card application. Rate then switches to variable cash advance rate (21.49%). To transfer balance(s) from up to 3 non-Bank of Melbourne, St.George Bank and BankSA Australian issued credit, charge or store cards. The rate will apply to balance(s) transferred (min $200 up to 80% of your available credit) for the promotional period unless the amount is paid off earlier. Up to 200,000 bonus Amplify Points over 2 years. You'll receive 130,000 bonus Amplify Points when you spend a minimum amount of $12,000 on eligible purchases on the credit card within the first 12 months from card approval. You'll receive an additional 70,000 bonus Amplify Points in the second year of your credit account being open, if you spend a minimum of $12,000 on eligible purchases within the subsequent year. To be eligible to receive the next benefits, you must apply and be approved for a new Amplify Signature (Amplify Rewards) credit card between 7th July 2020 and 30th September 2020. T&Cs apply.

Other Benefits

Birthday bonus, earn 10% of points earned in last 12 months

Pros and Cons

  • Rewards Available through Amplify Rewards
  • Bonus 200,000 points subject to eligibility conditions
  • Reduced $139 annual fee p.a in the first 12 months and $279 p.a thereafter.
  • Free domestic travel insurance
  • Free international travel insurance
  • Free supplementary cards
  • Price guarantee
  • Extended warranty
  • Concierge
  • Airport lounge
  • Late payment fee

St.George Bank Features and Fees

Details

Card Level

Premium

Card Type

Visa

Interest Free Days

Interest Free Days

55

Minimum monthly repayment

2% or $10

Minimum credit limit

$15k

Maximum credit limit

$80k

Free supplementary cards

Number free supplementary

1

Instant Approval

Fees

Annual Fee

Annual Fee

$139

for 12 months then $279

Annual Fee Spend Waiver

Supplementary card annual fee

$0

Late Payment Fee

$15

Over limit fee

$0

Duplicate statement fee

$2

Electronic Wallet Service

Important Rates

Rates

Purchase Rate

Purchase Rate

19.74%

Cash advance rate

21.49%

Cash advance fee

2% or $2.5

Balance Transfer

Balance Transfer Rate

Balance Transfer Rate

0%

for 6 months then 21.49%

Transfer Limit

80%

of the approved credit limit

Balance Transfer Fee

$0

Overseas spending

Foreign Exchange Fee

3% on Visa

Overseas charges

Overseas charges

$5

Estimated ATM Cost

$14

for AU $300 withdrawal

Rewards

Program name

Amplify Rewards

Rewards Available

Gift Card

Eligibility

Minimum age

18

Minimum income

$0

Eligibility conditions

Regular, verifiable income

Residency

Australia Citizen, Permanent Resident

Earn Rates

RateCard TypeEarnsCondition
1.5 points for $1 spentVisauncappedeligible transactions

Perks

  • FREE DOMESTIC TRAVEL INSURANCE
  • FREE INTERNATIONAL TRAVEL INSURANCE Cover lasts for 180 days per year
  • FREE SUPPLEMENTARY CARDS
  • PRICE GUARANTEE
  • EXTENDED WARRANTY
  • CONCIERGE
  • AIRPORT LOUNGE
Specials
  • Bonus PointsBalance TransferOther Discounted First Year Fee, Balance Transfer and Bonus Point Special for new applications.
    Discounted First Year Fee: $139 first year - $279 thereafter. Balance Transfer promotion: 0% for 6 months on balance transfers requested at new card application. Rate then switches to variable cash advance rate (21.49%). To transfer balance(s) from up to 3 non-Bank of Melbourne, St.George Bank and BankSA Australian issued credit, charge or store cards. The rate will apply to balance(s) transferred (min $200 up to 80% of your available credit) for the promotional period unless the amount is paid off earlier. Up to 200,000 bonus Amplify Points over 2 years. You'll receive 130,000 bonus Amplify Points when you spend a minimum amount of $12,000 on eligible purchases on the credit card within the first 12 months from card approval. You'll receive an additional 70,000 bonus Amplify Points in the second year of your credit account being open, if you spend a minimum of $12,000 on eligible purchases within the subsequent year. To be eligible to receive the next benefits, you must apply and be approved for a new Amplify Signature (Amplify Rewards) credit card between 7th July 2020 and 30th September 2020. T&Cs apply.

Other Benefits

Birthday bonus, earn 10% of points earned in last 12 months

FAQs

What's the best credit card for rewards?

There is no one-size-fits-all best rewards credit card. It's best you research what type of rewards program you'd like, as well as the fees, interest rate and conditions associated with those types of cards before making a choice. 

Rewards credit cards can also come with high annual fees that may end up nullifying the rewards, so think how often you use the card to decide whether the benefits outweigh the extra cost for you. A card with a lower annual fee might require a lot of spending to get any useful rewards, while another card with a higher annual fee might need fewer purchases to get a reward. 

Should I get a credit card?

Once you've compared credit card interest rates and deals and found the right card for you, the actual process of getting a credit card is quite straightforward. You can apply for a credit card online, over the phone or in person at a bank branch. 

Can a pensioner get a credit card?

It is possible to get a credit card as a pensioner. There are some factors to keep in mind, including:

  • Annual income. Look for credit cards with minimum annual income requirements you can meet. 
  • Annual fees. If high fees are a concern for you, opt for a card with a low or $0 annual fee. 
  • Interest rate. Make sure you won’t have any nasty surprises on your credit card bill. Compare cards with a low interest rates to minimise risk.

What can I do about my Commonwealth Bank expired credit card?

You’ll typically receive your replacement Commonwealth Bank credit card before your current one expires. 

Once you receive the replacement card, you may need to update the new card with all the direct debits that you had set up on your expired Commonwealth Bank credit card. These could include insurance payments, electricity or gas bills, and monthly entertainment subscriptions.

To see a list of all your regular payments in NetBank, follow these steps:

  1. Log on to NetBank
  2. Click on ‘settings’
  3. Go to ‘product requests’, and select ‘credit card regular payments’. 

If you don’t use NetBank, you can see the list of your regular payments on your most recent credit card statement. Keep in mind, this list may not be complete and you should also check your past statements or your transaction history. 

If you haven’t received your replacement card before your current card expires, call 13 22 21 and the bank will send a new card to you. 

It is important that you safely discard your expired credit card. This often means cutting it up with scissors and throwing it out. 

How do you apply for a credit card?

You can apply for a credit card online, over the phone or in person at the bank. Once you’ve compared the current credit card offers, the application process is quick and easy. Before you get your application started, you’ll need to gather your personal information like proof of ID, payslips and bank statements, proof of employment and details of your income, assets and liabilities. To be eligible for a credit card, you’ll need to be an Australian citizen over 18 and earn a minimum of $15,000 each year. Once you’ve applied for a credit card, you should get a response fairly instantly. If your credit card application has been approved, you should receive a welcome pack with your new credit card within 10-15 days.

How to increase my Commonwealth credit card limit?

Commonwealth Bank credit cards are extremely popular in Australia for everyday purchases and big ticket items alikers. A number of the card’s functions can be customised, depending on your needs and desires. If you wish to increase your Commonwealth credit card limit using the CommBank, you can usually do so on the app or via NetBank.

In the CommBank app, tap on the ‘Cards’ icon and choose your credit card. Then, click on ‘Credit Limit’ and select the ‘Increasing your limit’ option. If you don’t have the CommBank app, you can also increase your Commonwealth Bank credit card limit through NetBank. Simply log on and go to Settings, then click on ‘Product Requests’ and then choose ‘Credit Card Limit Changes’. 

Once the bank has received your application, they will review your account and payment history. Based on this assessment, your application will either be approved or denied. If approved, your new limit will be applied to your card instantly. 

While increasing your credit card limit may be an easy process, it’s important to remember that you should only request limits that you can manage. A high limit increases the risk of having a larger debt, even with cards that provide low-interest rate options. So, it’s important to think carefully and seek advice from people you trust before increasing your Commonwealth Bank credit card limit.

How can I increase my credit card limit on my American Express card?

If you want to increase the credit limit on your American Express (AMEX) credit card, you will need to apply through the AMEX Online Services, or by calling the number on the back of your card. You may need to share personal information that the bank can use to assess whether the requested limit is suitable for you and your current financial status. Once your application is approved, your new limit will be ready for use within an hour.

How do I apply for a BOQ credit card limit increase?

If you’re an existing BOQ customer, you can request a BOQ credit card limit increase over a phone call. However, you should remember that owning and using a credit card is a matter of financial responsibility, so it might be worth thinking this decision through. 

When requesting a credit card limit increase, you’ll need to be just as responsible in terms of how much you earn and can set aside to repay the outstanding card balance. A credit card company may approve a credit limit increase only if you can show that you have either the income or the disposable income, which is the amount you have left after all expenses have been paid out.

For this purpose, you may need to submit your latest income documents and bank statements for an increase. You may want to estimate how much you usually have left after deducting your expenses, and then use this amount to try and convince the credit card company. Also, you may prefer to pay off the card balance in full each month and thus avoid paying interest on the card, helping you back up any claims of financial responsibility, as well. 

Remember that you may not be able to apply for a credit card limit increase beyond any limitations on the type of card you own. For instance, if you own a card whose ceiling is $10,000, and your current limit is $5,000, you won't likely be able to apply for a $10,000 credit card limit increase.

What should you do when you lose your credit card?

Losing your credit card is a serious situation, and could land you in financial trouble. Here is a simple guide detailing what to do when you lose your credit card.

Lock you card – Contact your provider and inform them about your lost credit card. From here lock, block or cancel your card.

Keep track of transactions – Look out for unauthorised credit card transactions. Most banks protect against fraudulent transactions.

Address recurring charges – If your card is linked to recurring charges (gym membership, rent, utilities), contact those businesses.

Check credit rate – To ensure you’re not the victim of identity theft, check your credit rating a month or two after you lose your credit card.

How do you use credit cards?

A credit card can be an easy way to make purchases online, in person or over the phone. When used properly, a credit card can even help you manage your cash flow. But before applying for a credit card, it’s good to know how they work. A credit card is essentially a personal line of credit which lets you buy things and pay for them later. As a card holder, you’ll be given a credit limit and (potentially) charged interest on the money the bank lends you. At the end of each billing period, the bank will send you a statement which shows your outstanding balance and the minimum amount you need to pay back. If you don’t pay back the full balance amount, the bank will begin charging you interest.

How to get a credit card for the first time

A credit card can be a useful financial tool, provided you understand the risks and can meet repayment obligations.

If you’re a credit card first-timer, review your options. Think about what kind of credit card would suit your lifestyle, and compare providers by fees, perks and repayments.

Once you’ve selected a card, it’s time to apply. Credit card applications can generally be completed in store, online or over the phone.

When you apply for a credit card for the first time, you must meet age, residency and income requirements. As proof, you must also provide documentation such as bank account statements.

How can I increase my St.George credit card limit?

You can apply to increase the limit of your St.George credit card online through Internet Banking. Log in and go to ‘Manage my accounts’. Within that, look for ‘Card Services’ and select ‘Increase Credit Card Limit’. Alternatively, you can also call on 133 800 and say ‘Increase Card Limit’ when prompted. You’ll also be required to share some information at the time of making the application.

To apply for a credit limit increase on your St. George credit card, your account should have been open for at least six months before the application and you should not have made a credit limit increase request in the last six months. Also remember, that you are only eligible for a credit limit increase if you’re the primary cardholder.

Final approval of your request depends on satisfactorily meeting the credit assessment criteria.

How to pay a credit card

There are a few ways to pay a credit card bill. These include:

  • BPAY - allows you to safely make credit card payments online.
  • Direct debits - set up an automatic payment from your bank account to pay your credit card bill each month. You can choose how much you want to pay of your credit card bill when you set up the auto payments.
  • In a branch.
  • Via your credit card provider's app.

Which credit card has the highest annual percentage rate?

The credit card market changes all the time, so the credit card with the highest annual percentage rate is also liable to change.

Keep in mind that credit card interest rates are expressed as a yearly rate, or annual percentage rate (APR). A low APR is generally good but also consider:

  • There can be different APR's for each feature of the card (e.g. purchases may have an APR of 14 per cent, while cash advances on same card could have an APR of 17 per cent.
  • Credit cards with a variable rate can change throughout the year, affecting your APR, so check the full details.
  • If you pay your balance in full every month, having the lowest APR is not as important as the other fees associated with the card. However, if you carry a balance from month to month, then you want the lowest APR possible.

How do you cancel a credit card?

It’s important to cancel your old cards to avoid any additional fees. Unless you’re doing a balance transfer, you’ll need to pay the outstanding balance before you cancel your credit card. If you’ve opted for a card with reward points, make sure you redeem or transfer the points before you close your account. To avoid any bounced payments and save yourself an admin headache, redirect all your direct debits to a new card or account. Once you’ve done all the preparation, call your bank or credit card provider to get the cancellation underway. Once you receive a confirmation letter, destroy your card and make sure the numbers aren’t legible.

How to increase ME Bank credit card limit?

If you want your  ME bank credit card limit increased, you’ll have to fill the “credit card limit increase request form” and send it to the bank via post, email, or fax. The requirements for increasing the credit limit include:

  • You should have the card for at least six months;
  • Your income has increased; and
  • Your debt liabilities have decreased.

Does ING increase credit card limits?

You may want to increase your credit card limit for many reasons, such as having access to more spending money. However, if you are using the Orange One credit card issued by ING, you may not be able to do so. 

ING customers can choose a credit limit of their preference when applying for the Orange One credit card. Depending on your financial situation, this limit can be anywhere between $1,000 and $30,000. If you qualify for a Rewards Platinum card, the minimum credit card limit will likely be $6,000. 

Ideally, you should set your credit card limit knowing how much you can afford to repay each month and keep your expenses lower than this level. With most credit cards, you should have the option of requesting a credit card limit increase at a later time, although you will need to qualify for any increase. With an ING credit card, limit increases are out of the question (at the time this was published), which means you may want to apply for a higher credit card limit from the beginning. Remember that you have the option of decreasing your ING credit card limit at a later time.

How is credit card interest charged?

Your credit card will be charged interest when you don’t pay off the balance on your credit card. Your card provider or bank charges you the individual interest rate that is associated with your card, which is usually between 10 and 20 per cent. 

The interest will be added onto your bill each month or billing period if you don’t pay off the balance, unless you are in an interest-free period.

You will be charged interest on anything that hasn’t been paid for inside the interest-free period. Usually you will receive a notice on your bill or statement saying you will be charged interest so you have some form of notice before you’re charged.

How easy is it to get a credit card?

For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.

Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.

Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.

Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.

What should you do if your credit card is compromised?

Credit card fraud is a serious problem. If your credit card is compromised and you’re wondering what to do, here are a few precautionary steps to take.

Contact you credit provider – Get in touch will your credit card provider. If you feel your card has been compromised, you should be able to lock or block it.

Monitor your accounts – Keep an eye on your credit card accounts. Any unauthorised transactions could be a sign your credit card has been compromised.

Check your credit rating – It’s also important to check your credit rating, to ensure you’re not a victim of identity theft or some other financial mischief.