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Bank of Melbourne Amplify Business Credit Card

1 review

Apply by 28 August 2019

points over 12 months Calculate your savings icon

Earn rate per $1

1 point
16.77% Complete (success)
Amplify Rewards

Bonus points

60,000 points
60,000% Complete (success)

Annual fee

$0 first year
0% Complete (success)
then $89

Pros

Earn 60,000 bonus Qantas or Amplify Points when you spend $4,000 on eligible purchases within 90 days from card approval

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

Cons

Ongoing purchase rate of 19.49% p.a.

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. Earn 60,000 bonus Qantas or Amplify Points when you spend $4,000 on eligible purchases on your new Amplify Business card within 90 days from card approval.

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
100% of customers who have rated this card would recommend it
  • Rates
    33%
  • Fees
    53%
  • Rewards
    60%
  • Customer Service
    78%
  • Value
    52%
Overall user rating 55%
1 reviews
Interest Rates
Purchase rate 19.49% p.a.
Cash advance rate 20.24% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Credit limits
Minimum credit limit N/A
Maximum credit limit N/A
Fees & repayments
Annual fee $89 p.a.
Annual fee first year $0
Additional cardholder fee Up to 3 - $0 p.a.
Cash advance fee 2%
Foreign transaction fee 3%
Minimum repayment 2%
Late payment fee $15
Credit card type Visa
Rewards program
Rewards program Amplify Rewards Amplify Rewards
Bonus points 60,000 Amplify points
Annual points cap uncapped
Bonus points spend criteria Spend $4,000 within 90 days
Earning points with this card
Amplify points 1 point per $1 spent
Overseas earn rate 2 points per $1 spent
Points cap per month N/A
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No

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 bonus offer, you can also earn 60,000 bonus Qantas or Amplify Points when you spend $4,000 within 90 days, plus you will pay $0 annual fee for the first year.

What we love...

Bonus points provide a fantastic boost to your points earning, adding extra value to your new card. With the Bank of Melbourne Amplify Business Credit Card, you will earn 60,000 bonus Qantas or Amplify Points when you spend $4,000 on eligible purchases within 90 days from card approval as long as you apply and are approved before 28 August 2019.

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 Virgin Australia's Velocity program, 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, making those bonus points even sweeter. 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, and as long as you plan on spending at least $4,000 on the card in the first three months, those bonus points could offer a lovely little boost. You could use them for an upgrade on your next business trip, or head off on holiday to enjoy some me-time away from work.

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 60,000 bonus points up for grabs and $0 annual fee in the first year.

(showing the latest 10 Q&As)

  • Be over 18 years old
  • Good credit and 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
Bank of Melbourne Amplify Business Credit Card
Bank of Melbourne Amplify Business Credit Card

Bank of Melbourne Credit Cards

Bank of Melbourne Amplify Business Credit Card

Updated 18 June 2019

Apply by 28 August 2019

Points Earn Rate (per $1 spent)

1

point

Amplify

Rewards Program

Amplify Rewards

Bonus Points

60,000 pts

Spend $4,000 within 90 days

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Earn 60,000 bonus Qantas or Amplify Points when you spend $4,000 on eligible purchases within 90 days from card approval
  • 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

  • Ongoing purchase rate of 19.49% p.a.

Creditcard.com.au review

Editor Review

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 bonus offer, you can also earn 60,000 bonus Qantas or Amplify Points when you spend $4,000 within 90 days, plus you will pay $0 annual fee for the first year.

What we love...

Bonus points provide a fantastic boost to your points earning, adding extra value to your new card. With the Bank of Melbourne Amplify Business Credit Card, you will earn 60,000 bonus Qantas or Amplify Points when you spend $4,000 on eligible purchases within 90 days from card approval as long as you apply and are approved before 28 August 2019.

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 Virgin Australia's Velocity program, 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, making those bonus points even sweeter. 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, and as long as you plan on spending at least $4,000 on the card in the first three months, those bonus points could offer a lovely little boost. You could use them for an upgrade on your next business trip, or head off on holiday to enjoy some me-time away from work.

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 60,000 bonus points up for grabs and $0 annual fee in the first year.

User reviews

Bank of Melbourne Amplify Business Credit Card ( based on 1 Creditcard.com.au user review )

55% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 19.49% p.a.

Cash advance rate 20.24% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt 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%

Annual fee the first year $0

Cash advance fee 2%

Late payment fee $15

Rewards and points

Rewards program

Rewards Program Amplify Rewards Amplify Rewards

Bonus points 60,000 Amplify points

Annual points cap uncapped

Bonus points spend criteria Spend $4,000 within 90 days

Earning points with this card

Amplify pointsAmplify points 1 point per $1 spent

Points cap per month N/A

Overseas earn rateOverseas earn rate 2 points per $1 spent

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover 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. Earn 60,000 bonus Qantas or Amplify Points when you spend $4,000 on eligible purchases on your new Amplify Business card within 90 days from card approval.

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

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.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

(showing the latest 10 Q&As)

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