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 31 May 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.
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.