St.George Amplify Platinum Credit Card (Amplify)

• Earn 100,000 Bonus Amplify Points when you spend at least $3,000 on eligible purchases in the first 90 days from new card approval. Terms and Conditions apply.
• Earn 1 point for every $1 spent on eligible domestic and overseas purchases.
• You can use your points for gift cards, travel, transferring to partner airline programs, and other rewards.
• Comes with complimentary insurance, including Interstate Flight Inconvenience, Rental Vehicle Excess, international travel coverage, extended warranty, purchase protection, and overseas transit accident insurance.

Have card, will travel. But you need the right card for the travelling lifestyle.

Travelling, and travelling overseas in particular, is exactly what St.George is encouraging cardholders to do with its St.George Amplify Platinum Credit Card. For a start, there’s a choice of rewards programs – Amplify Rewards or Qantas Frequent Flyer – with the potential to acquire frequent flyer points with four separate airlines. Additionally, there’s complimentary overseas travel insurance and transit accident insurance.

And there are plenty of other benefits to tempt you to make this your card both for travelling and for when you’re spending closer to home.

Amplify Rewards or Qantas Frequent Flyer?

Most rewards credit cards are branded to a single program: you choose a particular card because it offers a specific type of frequent flyer points (Qantas, Velocity, etc.) or the bank's own points (e.g. Amplify Rewards or American Express Membership Rewards). Some cards allow you to switch between frequent flyer points and their proprietary rewards points up to once a year. Very few cards allow you to switch programs as often as you like, but that’s exactly what you can do with this card since you can earn Amplify Points or Qantas Points.

When your situation changes, so can your rewards program. But points can’t be transferred from one program to the other, so you will have to leave them behind in their original points account and redeem them from there. Amplify Points left behind in this way will expire within 90 days, so you’ll need to use them pretty quickly.

Standard earn rate for domestic spending

The rate at which you will earn points for purchases from Australian merchants is:

• 1.0 Amplify Points per $1 spent; or
• 0.5 Qantas Points per $1 spent.

This is not the best points-earning rate on the market, but it’s reasonable given the card’s moderate annual fee and the other built-in benefits. If you want to earn points at a faster rate, you’ll probably need to choose a more expensive card.

Bonus Amplify Points from program partners

Another way to boost the Amplify points earning rate is to spend with Amplify Rewards partners whenever you can. Unfortunately, there aren’t too many of these. They are mainly hotels (Crown, Leisure Inn, Metro, and Park Regis groups) and theme parks (Dreamworld and WhiteWater World). Or you can book flights, accommodation, car hire, and tours through Amplify Travel for more bonus points.

The extra points potential ranges from one third of a point up to three points per dollar. It would be well worth remembering that these bonus partners exist when planning a business trip or family holiday.

Points flexibility

In total, you can have the ability to earn points with four airlines that between them cover most of the planet.

You can earn Qantas points directly by opting for Qantas Frequent Flyer as your rewards program, or you can choose Amplify Rewards points which can be exchanged for frequent flyer points with Velocity Frequent Flyer or Singapore Airlines KrisFlyer at the rate of 2 Amplify Points to 1 airline point.

Qantas Frequent Flyer joining fee waived

Recognising that Qantas Frequent Flyer’s $89.50 joining fee could deter customers from choosing the Qantas rewards program, St.George has arranged for the fee to be waived for new cardholders signing up for Qantas Frequent Flyer for the first time. So you can consider each scheme on its own merits without the disincentive of a fee.

Other ways to use your points

The two programs have a comparable range of other products available for points redemption.

• Hotel accommodation, tours and car hire
• Retail gift cards
• Movie tickets
• Magazine subscriptions
• Merchandise in an online catalogue
• Charity donations
• Points + Pay options if you don’t have quite enough points

So how do you decide which program to choose?

Since the two rewards programs are so similar, how do you choose between them?

If your aim is to use points for domestic flights, or for long haul flights on routes covered by Qantas, you’d be better off choosing Qantas because you’ll need to spend less to earn the required points.

But in most cases, Amplify Rewards will be the best choice for almost any other kind of redemption because they have been priced at a lower point cost than the comparable Qantas redemption.

But remember, your decision is not set in stone. Once you have earned enough points for your desired reward in one scheme, you can switch to the other. And back again.

Complimentary insurance for the traveller and the shopper

There are yet more perks for the traveller, while the stay-at-home shopper is not forgotten, with four complimentary insurance policies:

• International travel insurance. Use the card for at least $500 of your prepaid travel costs, and be covered for emergency medical expenses, luggage that is lost, stolen or damaged, rental vehicle insurance excess and unavoidable cancellation of travel plans.
• Overseas transit accident insurance. If you have a serious accident when travelling as a passenger in a train, bus plane or ferry while you are overseas, this policy provides cash compensation for the loss of a hand, foot or eyesight, or in the event of death. The fare must have been paid with the card.
• Extended warranty insurance. The manufacturer’s Australian warranty on goods purchased with the card is doubled up to a maximum of one additional year.
• Purchase protection insurance. Provides 90-day cover against loss, theft, or accidental damage for all new goods purchased using the card.

Concierge service – another facility to help travellers

This card gives you access to the Visa Platinum concierge service.

A concierge service can be useful even when you aren't travelling for assistance with recommendations and bookings for entertaining and dining. But when you are travelling overseas, it becomes a truly valuable amenity, unlocking local knowledge and providing vital assistance, especially if you don’t speak the language.

3% foreign exchange fee

After all these bonuses for the traveller, it’s unfortunate to see a 3% fee on foreign exchange transactions. Although this is a fairly typical credit card charge, a few cards do come with no surcharge on foreign currency transactions. It would be good news it this travel-oriented card was one of them, but it’s not.

Is the St.George Amplify Platinum worth the annual fee?

The St.George Amplify Platinum Credit Card may suit you if:

• you can see value in both Amplify Rewards and Qantas Frequent Flyer, and want to be able to switch at will between them;
• you travel overseas regularly and can make use of the complimentary travel insurance and the concierge service;
• you don’t want a cap to restrict how many points can be earned in any month when you make a major purchase;
• you can make use of the introductory offer;
• you want to avoid an American Express card because of lower acceptance rates and possible surcharges.