- No annual fee the first year, $89 p.a. thereafter
- Add up to 3 additional cards at no extra cost
- Choose between Qantas rewards or Amplify Rewards
- Earn uncapped points on business purchases
- Double points earn on international spend
- Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance
- Simplified tax reporting
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BankSA Credit Cards
BankSA Amplify Business Credit Card
Updated 22 February 2023
Enjoy earning uncapped points on eligible business purchases up to 2 points on international spending. Earn points faster with up to 3 additional cards at no extra cost. Take advantage of the $0 annual card fee for the first year ($89 thereafter) and limited complimentary insurance. T&Cs apply.
Points Earn Rate (per $1 spent)
1 point
AmplifyRewards Program
Amplify Rewards
Bonus Points
N/A
Pros and cons
- Qantas rewards earn rate is just 0.50 per $1 spent
- High purchase rate of 19.49% p.a.
Creditcard.com.au review
Editor Review
BankSA Amplify Business Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The BankSA Amplify Business Credit Card
Want to earn rewards on your business spending? A business rewards card could be right up your alley! Offering a selection of very usable features, the BankSA Amplify Business Credit Card is a business rewards card that allows cardholders to earn and redeem points on either the Amplify Rewards program or the Amplify Qantas program. Is it for you? Let’s find out.
What we love...
One of the things we love most about the BankSA Amplify Business Credit Card is its annual fee which is lower compared to some other business rewards cards. Currently, it offers a $0 annual card fee for the first year to newly approved cards.
Now, on to the rewards. As a rewards credit card, one of the most attractive features this card has for some cardholders is its rewards program. Luckily, it has two to choose from, with uncapped points on offer.
The Amplify Rewards program lets you earn 2 points per $1 spent on overseas purchases, 1 point per $1 spent on purchases within Australia, and 0.5 points per $1 spent on government payments.
If you opt for the Amplify Rewards program, you could redeem your points for rewards from a wide range of products including appliances, gift cards, charitable donations, entertainment expenses and more. You could also use your points on both domestic and international flights of major airlines or redeem for airline points or miles through Virgin Australia's Velocity program, Malaysia Airlines' Enrich program and Singapore Airlines' KrisFlyer program. Plus enjoy other travel perks such as holiday packages, accommodation and car hire via Amplify Travel.
If you prefer to fly Qantas, you may want to opt for the Amplify Qantas program, where you could earn 1 point per $1 spent on overseas purchases, 0.5 points per $1 spent on purchases within Australia, and 0.25 points per $1 spent on government payments.
The points you earn could be redeemed for Classic Award flights with Qantas or one of its 35 partner airlines, or on more than 3,000 products, experiences and vouchers from within the Qantas Store. You could also use your points on Qantas and Jetstar Any Seat Award flights or on available upgrades with Qantas flights.
What’s not so great...
While there’s a lot to like about the BankSA Amplify Business Credit Card, there are also some points to pay attention to. For example, this is not a low rate card. With its relatively high rate of interest on purchases, it’s best to avoid interest payments altogether by clearing the balance each month.
In addition, if you decide to earn on the Amplify Qantas program, you may want to compare this card’s earn rate with other Qantas rewards cards on the market. You may find the earn rate on the BankSA Amplify Business Credit Card is lower than you would like.
Why should you choose this card?
Want to know more before making up your mind? Check out these features before making a decision. The card offers two complimentary insurances: transit accident insurance and unauthorised transaction insurance.
As a personal liability credit card, it also provides up to three additional cardholders, as well as simplified tax reporting, with the ability to export expenses directly to MYOB and BAS, or download as an Excel file to make analysis of business transactions simple.
Overall Rating
A convenient business rewards card offering the choice of two rewards programs, useful tools and features, and introductory offers that include $0 annual fee for the first year.
User reviews
Rates and fees
Interest rates
Purchase rate 19.49% p.a.
Cash advance rate 20.24% p.a.
Interest free period on purchases up to 55 days
Credit limits
Minimum credit limit $1,000
Maximum credit limit $80,000
Fees & repayments
Annual fee $89 p.a.
Additional cardholder fee Up to 3 at no extra cost
Foreign transaction fee 3%
Minimum repayment 2% or $10, whichever is greater
Annual fee the first year $0
Cash advance fee 3%
Late payment fee $0
Rewards and points
Rewards program
Rewards Program
Amplify Rewards
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
Earning points with this card
Amplify Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate 2 points per $1 spent
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Unauthorised Transaction Insurance
Overview
BankSA Amplify Business Credit Card
This business card lets you earn uncapped points and double points earn on international spending. $1 spent gets you 1 Amplify point or 0.5 Qantas point. $0 annual card fee for the first year. Annual fee is $89 thereafter. Add up to 3 additional cardholders. Includes Transit Accident Insurance and Unauthorised Transaction Insurance.
Disclaimer: The interest free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.
Key features
- Choose between Qantas rewards or Amplify Rewards
- Earn uncapped points on business purchases
- Double points earn on international spend
- $0 annual fee for the first year, $89 thereafter
- Up to 55 days interest free on purchases
- Add up to 3 additional cards at no extra cost
- Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance
- Simplified tax reporting
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian permanent resident
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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