- 2 Amplify Points per $1 spent on Overseas purchases
- 1 Amplify Point per $1 spent on Australian purchases and 0.5 points on government payments
- 1 Qantas Point per $1 spent on Overseas purchases
- 0.5 Qantas Points per $1 spent on Australian purchases and 0.25 points on government payments
- $0 annual card fee for the first year. $89 annual card fee thereafter
- Get up to 3 additional cardholders at no extra cost
- Up to 55 days interest free on purchases
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ANZ Frequent Flyer Black Credit Card
120,000 Bonus Qantas Points + $200 back*
*T&Cs apply. Two Qantas Club lounge invitations per year. $425 annual fee
Pros and cons
- Ongoing purchase rate of 19.49% p.a.
Creditcard.com.au review
Editor Review
Bank of Melbourne Amplify Business Credit Card
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The Bank of Melbourne Amplify Business Credit Card
Providing the choice of two rewards programs, the Bank of Melbourne Amplify Business Credit Card allows you to earn either Amplify Points or Qantas Points on your business spending. As a special offer, you will pay $0 annual fee for the first year.
What we love...
You have the choice of two rewards programs, so it’s a good idea to weigh up your options to see which one would work best for your spending. With both programs, you can enjoy uncapped points earning.
Opting for Amplify, you can earn frequent flyer points through Malaysia Airlines' Enrich program and Singapore Airlines' KrisFlyer program. You can also redeem points for travel, on flights, accommodation, car hire and holiday packages through Amplify Travel, or for gift cards and merchandise.
You will earn:
- 2 Amplify Points per $1 spent on overseas purchases
- 1 Amplify Point per $1 spent on purchases in Australia
- 0.5 Amplify Points per $1 spent on government payments
Choosing Amplify Qantas, you will have access to one of the most popular frequent flyer programs in Australia, allowing you to redeem points for Classic Award flights on Qantas and 35 partner airlines, for Qantas and Jetstar Any Seat Award flights, for upgrades on eligible Qantas flights when available, and on more than 3,000 products, experiences and vouchers from the online Qantas Store.
You will earn:
- 1 Qantas Point per $1 spent on overseas purchases
- 0.5 Qantas Points per $1 spent on purchases in Australia
- 0.25 Qantas Points per $1 spent on government payments
Providing you with awesome value in the first year, you will pay no annual fee on this card. After the first year, the annual fee is very reasonable for this type of card, plus you can add up to three additional cardholders to the account. Bear in mind, as the primary accountholder of this personal liability card, you are responsible for all cardholders’ spending.
What’s not so great...
The main point to keep in mind with the Bank of Melbourne Amplify Business Credit Card is its purchase rate. Like many rewards cards, it has a fairly high rate of interest. To make the most of everything the card has to offer, it’s best to keep interest costs to a minimum by clearing the balance by the due date each month.
Why should you choose this card?
If you want to earn rewards on your business spending, this could be the card for you. The Bank of Melbourne Amplify Business Credit Card offers excellent flexibility in its choice of two rewards programs.
In terms of extras, there are some handy features to enjoy, including insurance cover with Including Transit Accident Insurance, Business Inconvenience Insurance and Unauthorised Transaction Insurance. You could also benefit from simplified tax reporting, with the option to export expenses directly into MYOB and BAS. Meanwhile, you could manage cash flow more efficiently with up to 55 days interest free on purchases when you pay the closing balance by statement due date each month.
Overall Rating
A flexible rewards card with an excellent intro offer, the Bank of Melbourne Amplify Business Credit Card allows you to earn Amplify or Qantas Points on your business spending, with $0 annual fee in 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 N/A
Maximum credit limit N/A
Fees & repayments
Annual fee $89 p.a.
Additional card holder fee Up to 3 - $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2% or $10, whichever is greater
Annual fee the first year $0
Cash advance fee 2%
Late payment fee $15
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 No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Overview
Bank of Melbourne Amplify Business Credit Card
With the Bank of Melbourne Amplify Business Credit Card you can choose to earn Amplify Points or Qantas Points.
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
- Choice to earn Amplify Rewards points or Qantas Points
- 2 Amplify Points per $1 spent on Overseas purchases
- 1 Amplify Point per $1 spent on Australian purchases and 0.5 points on government payments
- 1 Qantas Point per $1 spent on Overseas purchases
- 0.5 Qantas Points per $1 spent on Australian purchases and 0.25 points on government payments
- $0 annual card fee for the first year. $89 annual card fee thereafter
- Get up to 3 additional cardholders at no extra cost
- Up to 55 days interest free on purchases
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. Temporary residents are eligible
You have your personal details ready to complete the online application
Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
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