Point Hacks Credit Card Guide

Up to 90,000 bonus Qantas Points or Amplify Rewards Points on offer with the Amplify Signature & Platinum Visas

St. George and Bank of Melbourne are offering up to 90,000 bonus Qantas or Amplify Rewards points with the Amplify Signature Visa and up to 60,000 bonus Qantas or Amplify points with the Amplify Platinum Visa.

The Amplify family of cards continue to offer decent points earn rates from your day to day spend. This guide covers the different earn rates, caps and benefits of both Amplify Signature and Platinum Visas.

The current offer is unique, and seems to be aimed at ensuring new cardholders keep their cards beyond the first year. Bonus points will be received in two batches, with the first 60,000 points for Amplify Signature credited after spending $3,000 within the first 90 days, and an additional 30,000 points within 6 weeks after the 1st year anniversary of your first eligible transaction and payment of your second year annual card fee.

The same goes for the Amplify Platinum card, with the bonus split into 40,000 and 20,000 point batches. BankSA Amplify cards are currently not offering bonuses, but instead have 0% balance transfer for 12 months on offer.

St George Amplify Signature Visa - 90,000 Qantas points

The Amplify Signature Visa has up to 90,000 bonus Qantas points or Amplify points on offer, plus two complimentary airport lounge passes per year. You can also receive a 10% bonus reward of the points you earned for the previous year on your birthday.

  • 90,000 bonus Qantas or Amplify points
  • 2 x Qantas Club or Priority Pass invitations per cardholder year
  • 0.75 Qantas Points or 1.5 Amplify Points for every $1 spent on eligible purchases in Australia
  • 1.5 Qantas Points or 3 Amplify Points for every $1 spent on eligible purchases overseas until June 30th, reduced to half afterwards
  • Overseas Travel Insurance, Extended Warranty Insurance and Price Guarantee (PDS)
  • Access to Visa Luxury Hotels program
  • $279 annual fee
  • Offer ends: 20th September 2017
  • $3,000 minimum spend required the first 90 days to earn 60,000 bonus points, additional 30,000 bonus bonus points when you pay the second year annual card fee
  • Offer not available to existing St. George card holders, or those who have held a St. George-issued card within the last 12 months

Find out more or apply →

Point Hacks earns a range of commissions per applicant for this card. More about this →

Bank of Melbourne Amplify Signature Visa - 90,000 Qantas points

Bank of Melbourne's Amplify Signature Visa has up to 90,000 bonus Qantas points or Amplify points on offer, plus two complimentary airport lounge passes per year. You can also receive a 10% bonus reward of the points you earned for the previous year on your birthday.

  • $279 annual fee
  • Offer ends: 20th September 2017
  • $3,000 minimum spend required the first 90 days to earn 60,000 bonus points, additional 30,000 bonus bonus points when you pay the second year annual card fee
  • Offer not available to existing St. Bank of Melbourne card holders, or those who have held a Bank of Melbourne-issued card within the last 12 months

Find out more or apply →

Point Hacks earns a range of commissions per applicant for this card.More about this →


Changes to Amplify cards from July 1st

Due to legislative changes relating to the costs incurred by retailers for accepting credit cards (more on this here) some banks have made changes to the features of their credit cards. St. George recently announced their changes, which we have outlined in more detail in an update here. This guide has been updated with these changes.

In summary, bonus points for overseas spend have been removed, while points earn rates on domestic spend remain the same. The 10% annual birthday bonus is also retained.


Digging into the details of the Amplify Signature and Platinum Visa cards

The Amplify Signature Visa offers 0.75 Qantas Points per dollar spent, or 1.5 Amplify Rewards points (which also equal 0.75 Velocity Points, KrisFlyer or Enrich Miles) and double points on overseas spend until July 1st. Neither card has a points cap.

The Amplify Signature card is worth considering for the relatively high flexible points program earn rate outside of American Express – including (for now at least) the ability to earn points for non-business transactions made with the ATO.

The additional benefits of the Amplify Signature card include a 10% points ‘birthday bonus’ on your spend for the previous year, which effectively increases your points earn rate on all your spend if you keep the card active. There are also two single entry lounge passes (Qantas or Priority Pass), insurances and access to Visa Luxury Hotels booking service.

Card Details

CardSt. George, Bank of Melbourne and BankSA Amplify Signature Visa
Loyalty programQantas Frequent Flyer or Amplify Rewards
Points earned from spend0.75 Qantas Points per $ on Australian spend and 1.5 points per $ internationally
1.5 Amplify points per $ in Australia and 3 points per $ internationally (until 1st July, reduced to half afterwards)
Plus 10% points bonus for your birthday
Points capNone
Travel benefits2 x Qantas Club invitations per cardholder year or Amplify Rewards Priority Pass membership
Access to the Visa Luxury Hotels program
Included insurancesAmplify Signature Travel Service, international travel insurance, purchase security insurance, extended warranty cover plus more (PDS)
Overseas transaction fee3% of the converted amount
Annual fee$279

Effective Frequent Flyer Program Point Earn Rates

Frequent Flyer ProgramDomestic SpendOverseas Spend
(Until 1st July)
Overseas Spend
(From 1st July)
Qantas Points*0.75 point / $1.5 points / $0.75 point / $
Velocity Points0.75 point / $1.5 points / $0.75 point / $
Singapore Airlines KrisFlyer Miles0.75 mile / $1.5 miles / $0.75 mile / $
Malaysia Airlines Enrich Miles0.75 mile / $1.5 miles / $0.75 mile / $
* Qantas Points are only earned if selected upon receiving the card

Earning points – Qantas vs the Amplify program

When you first get the card, you’ll need to choose whether you want it to accrue points into Qantas Frequent Flyer directly, on a monthly sweep basis, or into the Amplify Rewards program.

For the Amplify Signature Visa, you’ll earn 0.75 Qantas Points per $ on Australian spend, and only until July 1st, 1.5 points per $ internationally (but incurring a 3% fee). For Amplify rewards, you’ll earn 1.5 Amplify points per $ in Australia, and 3 points per $ internationally – again only until July 1st.

The benefit of Amplify Rewards is that you can accrue points which you can then have some flexibility in how you use them. There’s more on this approach to earning points in this overview of flexible points programs.

It’s worth realising that while you’ll earn twice as many points outright (on spend) by accruing to Amplify than Qantas, they are not equivalent in value, given the rates at which they transfer to partner airline programs – making it an even points earn proposition between choosing Qantas or Amplify.

The transfer rate to Virgin Australia’s Velocity, Singapore Airlines KrisFlyer and Malaysia Airlines Enrich program (Amplify’s three airline transfer partners) is 2 Amplify points : 1 airline point/mile.

All up, the points earn rate is decent for a Visa or MasterCard option – at 0.75 points (Qantas, or Velocity/KrisFlyer/Enrich) per $ spent – or 0.825 points per $ once you factor in the Birthday bonus. There are higher points earning cards out there at similar annual fees but you may be tied to either Qantas Frequent Flyer or Velocity only.

The St. George Amplify Visa is also included in our round up of cards that earn points for Australian Tax Office transactions – read more about that in the linked guide.

How the Birthday Bonus works

The Amplify Signature Visa comes with a unique benefit of a 10% bonus on all points earned from spend over the previous 12 months (excluding any bonus points) on your birthday each year.

It’s a neat way to reward loyalty for keeping the card, and effectively ups the points earn rate 0.825 points per $ from the quoted 0.75, if you keep the card year on year.

According to the terms, the points will hit your account no more than 4 weeks after your birthday.

The Amplify Signature Visa also comes with lounge access

You’re also offered two complimentary single entry lounge passes each year.

If you’ve opted into Amplify Rewards you’ll receive a taste of Priority Pass membership.

However, if you know you’ll use them, the more useful lounge passes come from opting into Amplify Qantas, where you’ll receive two Qantas Club Lounge invitations each year, which are pretty handy – they can be used domestically or internationally.

Other benefits of the Amplify Signature Visa

The Amplify Signature Visa comes with access to the Visa Luxury Hotels program, which offers:

  • Best available rate guarantee
  • Automatic room upgrade upon arrival (when available)
  • 3pm check-out (when available) at over 900 luxury hotels
  • Free in-room Internet
  • Complimentary continental breakfast
  • VIP Guest status
  • US$25 food or beverage voucher.

You can check out the available deals at participating hotels at visaluxuryhotels.com – the program may be of use to you, or it may not, depending on the hotel you’re looking into.

You’ll also get access to the Amplify Signature Travel Service, which is a dedicated phone service with Travel consultants available to cardholders, with access to some specific packages. Worth looking it if you’re likely to use it.

And finally, there’s also a range of included insurances:

  • Complimentary Overseas Travel insurance for up to 6 months
  • Complimentary Purchase Cover for up to 4 months
  • Extended Warranty Cover for up to 12 months
  • Transit Accident insurance
  • Certain medical and hospital expenses overseas – unlimited cover (except emergency dental and bed care patient allowance)
  • Unexpected cancellation of your travel arrangements and associated expenses – unlimited cover (maximum of AUD $10,000 for a family)
  • Up to $500 per person for travel delays.
  • Up to $550 per person for loss or damage to travel documents.
  • Up to $20,000 per person for accidental loss or damage to eligible personal property
  • Up to $5,500 of excess cover for loss or damage of a rental vehicle

As I always say with credit card insurances, only you can decide if they offer value for your circumstances, so make sure you read the PDS for them to decide if they meet your needs. Read the full PDS here.

This guide references some of the benefits of insurance policies provided with this credit card.

You should read the PDS and obtain independent professional advice before obtaining this product.


St George Amplify Platinum Visa - 60,000 Qantas points

The Amplify Signature Visa has up to 60,000 bonus Qantas points or Amplify points on offer plus a range of complimentary insurances with a $99 annual fee.

  • 60,000 bonus Qantas or Amplify points
  • 0.5 Qantas Points or 1 Amplify Points for every $1 spent on eligible purchases in Australia
  • 1 Qantas Points or 2 Amplify Points for every $1 spent on eligible purchases overseas until June 30th, reduced to half afterwards
  • Overseas Travel Insurance, Extended Warranty Insurance and Price Guarantee (PDS)
  • $99 annual fee
  • Offer ends: 20th September 2017
  • $3,000 minimum spend required the first 90 days to earn 40,000 bonus points, additional 20,000 bonus bonus points when you pay the second year annual card fee
  • Offer not available to existing St. George card holders, or those who have held a St. George-issued card within the last 12 months

Find out more or apply →

Point Hacks earns a range of commissions per applicant for this card. More about this →

St George Amplify Platinum Visa - 60,000 Qantas points

The Bank of Melbourne Amplify Signature Visa has up to 60,000 bonus Qantas points or Amplify points on offer plus a range of complimentary insurances with a $99 annual fee.

  • $99 annual fee
  • Offer ends: 20th September 2017
  • $3,000 minimum spend required the first 90 days to earn 40,000 bonus points, additional 20,000 bonus bonus points when you pay the second year annual card fee
  • Offer not available to existing Bank of Melbourne card holders, or those who have held a Bank of Melbourne-issued card within the last 12 months

Find out more or apply →

Point Hacks earns a range of commissions per applicant for this card. More about this →

Card Details

CardSt. George, Bank of Melbourne and BankSA Amplify Platinum Visa
Loyalty programQantas Frequent Flyer or Amplify Rewards
Points earned from spend0.5 Qantas Points per $ on Australian spend and 1 points per $ internationally
1 Amplify points per $ in Australia and 2 points per $ internationally (until 1st July, reduced to half afterwards)
Points capnone
InsuranceOverseas travel insurance, extended warranty on purchases etc. (PDS)
Overseas transaction fee3% of the converted amount
Annual fee$99 p.a.

Effective Frequent Flyer Program Point Earn Rates

Frequent Flyer ProgramDomestic SpendOverseas Spend
(Until 1st July)
Overseas Spend
(From 1st July)
Qantas Points*0.5 point / $1 points / $0.5 point / $
Velocity Points0.5 point / $1 points / $0.5 point / $
Singapore Airlines KrisFlyer Miles0.5 mile / $1 miles / $0.5 mile / $
Malaysia Airlines Enrich Miles0.5 mile / $1 miles / $0.5 mile / $
* Qantas Points are only earned if selected upon receiving the card

The Amplify Platinum Visa offers 0.5 Qantas Points per dollar spent, or 1 Amplify Rewards points (which also equal 0.5 Velocity Points, KrisFlyer or Enrich Miles) and double points on overseas spend with no points caps, until July 1st.

Finally, the card terms in relation to loyalty points are here.

Conclusion

These could be useful cards for those who are looking for non-Amex cards with decent points earn and flexibility in how you use them. Bonus offers on these cards can be hit and miss, but when they are good the card is well worth considering, and the travel / lounge access perks on the Amplify Signature are a handy extra benefit.

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Comments Expand Comments

  1. Ben

    This is not necessarily related to the card, but about Qantas points in general.

    I notice next year from about mid-March onwards, Emirates is no longer flying A380s from Dubai to Perth and vice versa. I’m not sure if this is seasonal or a permanent change, although I would have thought demand picks up heading into the European summer.

    In my opinion this significantly devalues Qantas points….would be interested to hear your thoughts?

    • Keith Author

      It’s definitely a downgrade in Business Class, although First Class on the 777 is still excellent and not too different to that on the A380. In Economy, I would guess the A380 is definitely preferable. It would be significant if you had plans to fly from Perth to Dubai with Emirates using your points, but for others totally inconsequential – it sounds like you are in the former camp though.

      • Ben

        Yes, first class would be fine but in business it is a fair difference. I just went and checked again and the schedules are back to what they were before. Very strange indeed. I’m not sure whether this was a system error or whether an indicator that the schedules are about to change.

        Anyway, something for Perth travellers to keep an eye on travelling to Europe in particular using Qantas points to book Emirates flights.

  2. Hi I currently have the St George Amplify Visa card, can I apply for the BOM card and qualify for the bonus points. You could do it before I believe.

  3. Simon

    Can you get the $0 annual fee in the first year for existing customers for the St George Amplify card by signing up to a free transaction account and then applying for the credit card so there is not fee?

  4. Frank

    Despite the terms saying you get Qantas Club passes if in Amplify Qantas and Priority Pass if in Amplify Rewards, I’ve successfully received both the 2 QC passes and the 2 free PP visits in the same year and I’ve had this card for a while. Try your luck.

  5. Spero

    This is a dark horse credit card. One of the highest earner cards (Outside Citi Prestige/Amex) for points earn for Singapore airlines, especially the double points for overseas spend which Citi removed.

    The 10% birthday bonus is an excellent added extra. If only the credit card fee was lower, but with all the changes going on with Credit Card reware programs you have to take what you can get.

  6. I had St George Amplify Sugnature Black Card for a while. Love it….

    Pros: It is the best affiliated VISA card among the banks in the market.

    Con: It would be even better if St George bank also offers Amex affiliated card by having both Amex and VISA cards in 1 credit card Account.

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