Bank of Melbourne Amplify Platinum 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 Platinum Card

If you’re thinking about applying for a rewards card but you’re not sure which rewards program would benefit you most, the Bank of Melbourne Amplify Platinum Card could be the card for you.

You get 80,000 bonus Amplify points with a minimum spend and gives you the option to earn and redeem points on either the Amplify program or the Qantas program, the Bank of Melbourne Amplify Platinum Card provides a decent earn rate and plenty of platinum perks, alongside a balance transfer offer.

If that sounds like it might be right up your street, read on to find out all the need-to-know on this entirely appealing piece of plastic.

What we love...

Before we get into the nitty gritty on this card, first we need to discuss the introductory offer: 0% p.a. for 15 months on balance transfers requested at card application. A one off 1% balance transfer fee applies. The rate reverts to the cash advance rate after the 15-month promotional period ends. If you want to earn Qantas points, click here to see the Bank of Melbourne Amplify Platinum Credit Card with Qantas Rewards.

Putting aside the introductory offer, let’s talk about those two rewards programs. If you opt to earn on the Amplify program, you could earn 1 point per $1 spent on eligible purchases within Australia and overseas.

Your points can be redeemed on frequent flyer programs such as Malaysia Airlines’ Enrich and Singapore Airlines’ KrisFlyer programs, or on gift cards, retail vouchers, homewares, travel and more.

If you choose the Qantas program, you could earn 0.5 Qantas points per $1 spent on eligible purchases, to be redeemed for flights and upgrades with Qantas and its 35 partner airlines, or on more than 3,000 products, experiences and vouchers from the Qantas Store.

What’s not so great...

We all know credit cards come with small print attached. When you apply for the Bank of Melbourne Amplify Platinum Card, you should know that it comes with a fairly hefty ongoing balance transfer and cash advance rate.

Why should you choose this card?

If you need to transfer an existing balance - its introductory offer – could be perfect for you. For a reasonable annual fee, you can also benefit from a number of other features as well.

These include complimentary travel insurance and extended warranty insurance, up to 55 days interest free on purchases, 24/7 fraud monitoring, and one free additional cardholder to help you earn points faster.

Overall Rating

A platinum rewards card with a reasonable annual fee, which offers a decent earn rate on a choice of two rewards programs, plus a 0% balance transfer offer.