BankSA

BankSA offers great access to branches located throughout SA, but their competitive offers are available no matter where you live in Australia.

BankSA credit cards

Compare
BankSA Amplify Platinum Credit Card (Amplify)

Highlights

  • Earn up to 100,000 bonus Amplify Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% for 24 months on balance transfers with a 1% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $49 p.a. annual fee for the first year ($124 p.a. annual fee thereafter)

Pros

  • The 100,000 bonus Amplify Points.
  • 0% for 24 months on balance transfers.
  • Comes with complimentary insurance (terms, conditions, exclusions, and eligibility criteria apply).
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.

Cons

  • There is a 1% balance transfer fee. Other cards offer 0% balance transfer free.
BankSA Amplify Platinum Credit Card (Qantas)

Highlights

  • Earn up to 60,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 24 months on balance transfers with 1% balance transfer fee. Reverts to cash advance rate.
  • Earn 0.5 points per $1 spent (uncapped). Plus, get a complimentary Qantas membership fee. Saving you $99.50!


From 1 January 2022, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. Bonus Qantas Bonus Qantas Points not included in the cap.


Pros

  • The 60,000 bonus Qantas Points.
  • Discounted annual fee on the first year.
  • Complimentary travel and purchase insurances.

Cons

  • There is a 1% balance transfer fee.
  • Points earning rate of 0.5 points is lower than others.
BankSA Amplify Signature Credit Card (Amplify)

Highlights

  • Earn up to 150,000 Bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year. Plus, receive a birthday points bonus of 10% of the points earned in the last 12 months.
  • 0% p.a. for 24 months on balance transfers with a 1% balance transfer fee on amounts transferred.
  • $99 p.a. annual fee for the first year ($295 p.a. annual fee thereafter)

Pros

  • The 150,000 bonus Amplify Rewards Points.
  • 0% p.a. for 24 months on balance transfers.
  • Additional savings with the $99 first-year annual fee.
  • Includes complimentary overseas travel insurance for up to 6 months

Cons

  • There is a 1% balance transfer fee.
  • The annual fee reverts to $279 p.a. after the initial year.
BankSA Amplify Signature Credit Card (Qantas)

Highlights

  • Earn up to 90,000 bonus Qantas Points when you spend $6,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 24 months on balance transfers with 1% balance transfer fee on amounts transferred.
  • Includes complimentary overseas travel insurance for up to 6 months


From 1 January 2022, earn 0.75 Qantas Points per $1 up to a maximum of $250,000 spent on eligible purchases annually. Bonus Qantas Points not included in the cap.


Pros

  • The 90,000 bonus Qantas Points.
  • Discounted annual fee on the first year.
  • Includes complimentary overseas travel insurance for up to 6 months

Cons

  • There is a 1% balance transfer fee.
  • After the initial year, the annual fee will revert to $295.
BankSA Vertigo Credit Card
Apply by 30 April 2024

BankSA Vertigo Credit Card

Highlights

  • Earn up to $400 cashback on your supermarket shop or enjoy 0% for 32 months on Balance Transfers with a 1% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • 13.99% p.a. low variable interest rate on purchases.
  • Up to 55 days interest-free on purchases.

Pros

  • Get 10% cashback on your supermarket shop or 0% p.a. for 32 months on balance transfers with a 1% balance transfer fee.
  • 13.99% p.a. low variable interest rate on purchases.
  • Up to 55 days interest-free on purchases.

Cons

  • Balance transfer rate reverts to 21.49% p.a. after 32 months.
  • There are no rewards program for this card.

BankSA home loans

BankSA Basic Home Loan (Owner, Principal and Interest)

BankSA Basic Home Loan (Owner, Principal and Interest)

Interest rate (p.a.)

3.97%

Comp rate^ (p.a.)

4.02%

Max LVR

90.00%

Application fee

$600.00

Monthly repayment

$2,140.59

Total repayment

$770,612.40

Highlights

  • Get a home loan with a lower variable interest rate.
  • Pay $0 establishment fee if you borrow more than $150,000 when making Principal & Interest repayments.
  • Make extra repayments at no extra cost to pay off your loan sooner and save on interest.
BankSA Basic Home Loan (Investor, Principal and Interest)

BankSA Basic Home Loan (Investor, Principal and Interest)

Interest rate (p.a.)

4.54%

Comp rate^ (p.a.)

4.59%

Max LVR

90.00%

Application fee

$600.00

Monthly repayment

$2,290.79

Total repayment

$824,684.40

Highlights

  • Get a home loan with a lower variable interest rate.
  • Pay $0 establishment fee if you borrow more than $150,000 when making Principal & Interest repayments.
  • Make extra repayments at no extra cost to pay off your loan sooner and save on interest.
BankSA Basic Home Loan (Investor, Interest only)

BankSA Basic Home Loan (Investor, Interest only)

Interest rate (p.a.)

4.83%

Comp rate^ (p.a.)

4.88%

Max LVR

90.00%

Application fee

$600.00

Monthly repayment

$2,369.16

Total repayment

$852,897.60

Highlights

  • Get a home loan with a lower variable interest rate.
  • Pay $0 establishment fee if you borrow more than $150,000 when making Principal & Interest repayments.
  • Make extra repayments at no extra cost to pay off your loan sooner and save on interest.

Q&As

Why should I choose BankSA?

BankSA have been operating in South Australia since opening its first branch in 1848. Its first depositor was an illiterate Afghan shepherd, who signed his account papers with an X. From such modest beginnings, BankSA has grown to be the largest financial institution in the state, today as well as its main provider of housing, personal finance and rural banking services. There are 120 BankSA branches across the state and more branches located in the Northern Territory. BankSA tries to be a good local – it is a sponsor of several state events and, through the BankSA & Staff Charitable Fund, makes donations to approximately 100 South Australian and Northern Territory-based charities each year. BankSA are part of the Westpac Group.

How long have BankSA been about?

BankSA got its start in 1848 as two separate banks: the State Bank of South Australia and the Savings Bank of South Australia. The two banks would later merge as the Bank of South Australia, better known by its commercial name BankSA.

After mismanagement and bad banking in the 1980s, BankSA collapsed, was bailed out by the State Government, and merged with St.George Bank in 1992. It was decided to maintain the BankSA brand for operations in South Australia, with many of BankSA’s products and services being identical to St.George’s, including its credit cards. In 2008, both were absorbed by the Westpac Group.

What banking services do BankSA offer?

BankSA offers a range or personal banking products for individual customers including accounts for everyday transactions and savings, home loans, credit cards, personal loans, insurance and investments, including online share trading. It tailors its services to specific types of customer, such as students, first-time homebuyers, savers and people wanting to consolidate their debts. In addition, it offers business banking services for all sorts of operations, from small businesses and entrepreneurs, commercial and agribusiness, to corporate and international services. BankSA Business Solutions include transaction and savings accounts, business credit cards, lending and finance, payment solutions and insurance.