BankSA Amplify Platinum Credit Card

Last updated: Jul 7, 2020

Enjoy 0% introductory interest rate offers on balance transfers and purchases with a new BankSA Amplify Platinum.

Apply for the BankSA Amplify Platinum by 09 February 2021 and you’ll get 0% p.a. on purchases for 7 months and 0% p.a. on balance transfers for 22 months. With this offer, you must request the balance transfer at the time of your application, and there is a 1.5% balance transfer fee. You’ll also get a waived annual fee in the first year.

When you use this card for purchases, you’ll earn 1 point per $1 spent on your eligible purchases, which you can redeem for travel, frequent flyer points, gift cards and other items available through the Amplify Rewards program.

0% p.a.

Balance transfer rate

for 22 months with 1.5% balance transfer fee

0% p.a.

Purchase rate

for the first 7 months (reverts to 19.74% p.a.)

Reward point

Per $ spent

$0 p.a.

Annual fee

for the first year ($99 p.a. thereafter)

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Details

Product Name	BankSA Amplify Platinum
Rewards program	Amplify Rewards
Balance transfer rate	0% p.a. for 22 months with 1.5% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (21.49% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	0% p.a. for 7 months, reverts to 19.74% p.a.
Annual fee	$0 annual fee for the first year ($99 p.a. thereafter)
Interest-free period	55 days
Cash advance rate	21.49% p.a.
Min credit limit	$6,000
Max credit limit	$80,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

0% p.a. for up to 22 months on balance transfers
0% p.a. for 7 months on purchases
$0 first year annual fee
Uncapped rewards points on eligible purchases
Complimentary travel and purchase insurance covers

Cons

Charges a one-time 1.5% balance transfer fee
Charges a 3% foreign transaction fee

Rewards program	Amplify Rewards
Rewards points per $ spent	1

Annual fee	$0 annual fee for the first year ($99 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Additional cardholder fee	$0
Number of additional cardholders	1

Go to BankSA's site More info

Expert review

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

This is the mid-tier card in the BankSA Amplify Rewards range. If you want to pay off existing debt, the balance transfer offer gives you a 0% p.a. interest rate for the first 22 months. You also save with a waived first-year annual fee.

If shopping is on the cards, you’ll save with 0% p.a. on new purchases in the first 7 months. You'll also earn 1 Amplify Rewards point per eligible $1 spent and can redeem your points for products from the online rewards store, gift cards, travel or for partnered frequent flyer points. If you’d prefer to earn Qantas Points for your spending, read our review of the BankSA Amplify Platinum - Qantas.

How to apply

You can apply for the BankSA Amplify Platinum online in around 10 minutes. Get started by making sure you meet the following eligibility requirements and have all the documents and details you'll need handy.

Eligibility criteria

Residency. To apply online, you must be an Australian citizen or permanent resident.
Eligible balance transfer debt. If you elect to transfer a balance, you can transfer from $200 up to 80% of your available credit limit from up to three Australian credit, store or charge card accounts not issued by St.George, Bank of Melbourne or BankSA.

Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, email address, contact number, residential address, date of birth, marital status and number of dependents. You also need to provide valid ID, such as your driver's licence or passport.
Employment details. This covers your employment status, job title, salary and employer's contact details. You may also be asked for documents that verify these details, such as recent payslips or bank statements.
Financial details. As well as your salary, you should include details of any government payments, pensions, other forms of income and assets such as savings. You also need to share details of your existing debts, cards and other loans, as well as estimates of your regular household expenses.
Balance transfer details. If you want to take advantage of the balance transfer offer on this card, you need to include details of the debt, such as the account name, number, provider's BSB and the total amount of debt you want transferred.

Go to BankSA's site More info

Card benefits

Balance transfer offer. Get a 0% p.a. interest rate for 22 months on balance transfers when you apply for a new card by 09 February 2021. A one-time 1.5% balance transfer fee applies. The rate then reverts to the variable cash advance rate of 21.49% p.a. after the promotional period.
0% p.a. for 7 months on purchases. Enjoy a 0% p.a. on purchases for the first 7 months when you apply and get approved for this card by 09 February 2021.

$0 first year annual fee. Save with a $0 first-year annual fee when you apply by 09 February 2021. This reverts to $99 p.a. in subsequent years.
Uncapped reward points. This card earns 1 point per $1 spent on all eligible purchases both in Australia and overseas, with no points cap. Eligible purchases cover most everyday transactions, including groceries, petrol, dining and travel bookings. Transactions that are not eligible to earn points include cash advances, government charges and BPAY payments.
Complimentary travel insurance. This card offers up to 3 months overseas travel insurance for you, your eligible spouse and dependent children when you use it to pay for at least $500 of your travel costs and have a return travel ticket before you go overseas.
Amplify Rewards program. You can redeem your accumulated points for a wide range of products, including travel packages, gift cards, vouchers and retail items. You can also transfer Amplify Points to Velocity Frequent Flyer, Malaysia Airlines Enrich or Singapore Airlines KrisFlyer.
Mobile payment technology. You can make contactless payments with your Android, Apple or Samsung device if you add this card to your Google Pay, Apple Pay or Samsung Pay wallet.

Rates & fees

Annual fee. Outside of any promotions, the BankSA Amplify Platinum charges an annual fee of $99.
Purchase rate. This card charges a variable interest rate of 19.74% p.a. on purchases.

Interest-free days. When you pay your monthly payment balance in full, which excludes current balance transfers, listed on your statement by the payment due date, you will receive up to 55 days interest-free on new purchases. Note that interest-free days are separate from any longer-term interest rate promotions.
Cash advances. If you use this card to withdraw cash or for another cash advance transaction, you'll pay a fee of 2% of each cash advance amount (minimum of $2.50 capped at $150 per transaction). A variable interest rate of 21.49% p.a. applies to cash advances from the day they are made.
Foreign transaction fee. This card charges a fee of 3% for transactions made overseas or online with a merchant that is based overseas.
Additional cardholder. You can add 1 additional cardholder to your account without an additional fee.

Go to BankSA's site More info

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BankSA Amplify Platinum Credit Card