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Need to give your Qantas points a significant boost so that you can snag a long-haul award flight? The St. George Amplify Signature Credit Card pumps a very healthy 90,000 points into your account if you can meet a preliminary spending target and renew the card for a further year. There’s no points cap, and you can opt for Amplify Rewards points instead if you wish.
There’s a substantial $279 p.a. annual fee to pay, and the high purchase and cash advance interest rates (19.49% p.a. and 20.24% p.a. respectively) are typical for this kind of card. However, the recurring birthday bonus of 10% of your previous year’s points may encourage you to stay, and the regular points earning potential and complimentary insurance make it ideal for regular travellers.
Up to 90,000 points
Provided you can spend $3,000 in the first three months (an average of just $1,000 per month) your points account will get off to a flying start with 60,000 bonus points. You can choose either Qantas Frequent Flyer points or St. George’s own Amplify Rewards points. Renew your card for a further year by paying the second year annual fee, and you’ll receive a further gift of 30,000 points.
Choose Qantas points and the 90,000 points put you well on the way to a return economy flight to Europe or New York (120,000 points).
Choose Amplify Rewards and redeem your 90,000 points for about $400 worth of retail gift cards (88,800 points) or exchange them for frequent flyer points with three other airlines (excluding Qantas).
Points earning rates
The ongoing points earning rate is 1.5 Amplify points or 0.75 QFF points per dollar for all spending. This is far from being the best earning rate available, even for a Visa card, but the absence of a points cap does go some way towards compensating for the lower rate.
Instead of Qantas points, you can opt for St. George’s own Amplify Rewards program. Convert the Amplify points later to Virgin, Malaysian or Singapore Airlines if you prefer, at the rate 2.0 Amplify points = 1.0 frequent flyer point.
Using your points for flight benefits is much more cost effective than redeeming them for gifts (homewares, technology, DIY &c) and vouchers within the Amplify Rewards program itself. Most $50 retail gift cards, for example cost you 11,100 Amplify points requiring $7,400 of local spending and returning less than 0.5 cents per point.
St. George will make your birthday happier with a bonus of 10% of the points you earned in the previous year. So if your average card spending is $1,500 per month you will earn 13,500 Qantas points (27,000 Amplify points) and receive a birthday bonus of 1,350 Qantas points (2,700 Amplify points.
International travel benefits
Regular international travellers will get the most out of this card, even though the benefits are somewhat tarnished by the 3% international transaction fee.
The card comes with two single-visit lounge passes each year, to Priority Pass lounges if you choose Amplify points, or Qantas lounges (international business lounges only) if you choose QFF points.
To get an idea of the value of the Qantas lounge passes, it’s worth remembering that it currently costs $399 merely to join Qantas Club, plus a further $540 for each year’s membership.
There are only three Priority Pass lounges in Australia (in Brisbane, Darwin and Cairns) but more than 1,000 worldwide. If you’re doing enough international business trips to make this card worthwhile you’re probably already an airport lounge member, but at least you’ll be able to extend the comfort to someone flying with you.
Concierge and luxury hotels
Once again, you’ll need to be a frequent traveller or a higher-than-average spender to appreciate the concierge service and the automatic membership of the Visa Luxury Hotel Collection, offering extras such as best available rates, free Internet, complimentary breakfast and late checkout at 900 hotels worldwide.
The full premium card insurance package is built into the Amplify Signature card:
The extensive multi-trip international travel insurance for a family would normally set you back about $750 per year. The total value of these insurance policies is estimated to be about $1,350 per year.
Who will benefit most from the St. George Amplify Signature Credit Card?
International travel insurance, airport lounge passes, luxury hotel and concierge benefits and the absence of a points cap make this an ideal card for big spenders who enjoy regular international travel. They should have no trouble recouping the cost of the relatively high annual fee, even when the bonus points have become a distant memory.
I am happy with this card. There’s a good limit, double points, rewards, easy redemption and good service. It’s easy using NetBank,and easy to manage your card limit (increase/decrease).
So far so good — no long waiting time for approval and it was quickly delivered. Term and conditions are good, late fees lower, and ATM fees are good.
I have always banked with St George and recently updated to the Amplify Credit Card as I previously only had a debit card. I feel happy with my rate and the St George app allows me to track my spending and payments effectively. I received a 0% annual fee for the first year. There are rewards associated with this card but I have not looked too much into them.
It comes with the Advantage Package home loan. It has no fees, low rates, complimentary travel insurance, and you get perks like two Qantas lounge passes annually.
This is a great card if you like to travel. The extra perks are geared towards people that often travel overseas.
Certainly convenient if you’re looking to secure a home loan. Fast, easy and fuss free application process. Statements are not sent regularly, therefore you are unsure where you stand financially with this card. Recommend for certain loans such as home and car, otherwise I would stick with a more renowned bank.
This card has a really great rewards system and some really good benefits. Rewards and benefits are easy to access, and not confusing.
Fees are a little high, but it has a good interest-free period.
Overall I am very happy with this card, and would recommended it to others.
|Cash advances||1.69%||20.24% p.a.|
Valuation based on the assumption of making a $250 claim once every 5 years. There is no retail market for all-encompassing extended warranty insurance covering more than one item, so no premium saving.
Guaranteed pricing / price protection insurance
Valuation based on the assumption of making a $100 claim once every 10 years. Extensive conditions apply. There is no retail market for this type of insurance, so no premium saving.
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
Interstate flight inconvenience insurance
Valuation based on similar domestic travel insurance policies available online that include interstate flight inconvenience.
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online for trips of up to 60 days.
Rental vehicle excess cover (separate from travel insurance)
Valuation based on similar rental vehicle excess insurance policies available online.
Transit accident insurance
Valuation based on similar global transit accident insurance policies available online.
Waived Qantas Frequent Flyer joining fee
Valuation based on $89.50 Qantas Frequent Flyer joining fee spread over 5 years. Note that this benefit does not apply if cardholder chooses Amplify Rewards rather than Qantas Frequent Flyer points.
|Total estimated value||$1,391|
|Net customer value||$1,112|