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Bank of Melbourne Amplify Business Credit Card
1 review

Bank of Melbourne Amplify Business Credit Card

Apply by 27 November 2019

points over 12 months Calculate your savings icon

Earn rate per $1

1 point Amplify Rewards

Bonus points

N/A

Annual fee

$0 first year
then $89

Pros

$250 cashback to your account when you spend $3,000 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.

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
Annual points cap uncapped
Bonus points spend criteria N/A
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
Transit accident insurance No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental Vehicle Excess In Australia Insurance No

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.

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 can also get $250 cashback to your account when you spend $3,000 on eligible purchases within 90 days from card approval, plus 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 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 and could get the $250 cashback if you meet the spend requirement. 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 $250 cashback up for grabs and $0 annual fee in the first year.

(showing the latest 10 Q&As)

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.

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
  • $250 cashback to your account when you spend $3,000 on eligible purchases within 90 days from card approval
  • $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
  • 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 13 September 2019

Apply by 27 November 2019

Points Earn Rate (per $1 spent)

1

point

Amplify

Rewards Program

Amplify Rewards

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

Pros and cons

  • $250 cashback to your account when you spend $3,000 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

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. 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 can also get $250 cashback to your account when you spend $3,000 on eligible purchases within 90 days from card approval, plus 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 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 and could get the $250 cashback if you meet the spend requirement. 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 $250 cashback 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 N/A

Annual points cap uncapped

Bonus points spend criteria N/A

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

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.

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
  • $250 cashback to your account when you spend $3,000 on eligible purchases within 90 days from card approval
  • $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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