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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 28 November 2019

Apply by 26 February 2020

Points Earn Rate (per $1 spent)

1

point

Amplify

Rewards Program

Amplify Rewards

Bonus Points

70,000 pts

Spend $3,000 within first 90 days

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Earn 70,000 bonus Qantas or Amplify Points 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 70,000 bonus Qantas or Amplify Points 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 70,000 bonus Qantas or Amplify Points 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 70,000 bonus Qantas or Amplify 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 period 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 70,000 points

Annual points cap uncapped

Bonus points spend criteria Spend $3,000 within first 90 days

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
  • Earn 70,000 bonus Qantas or Amplify Points 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.

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