- 0% p.a. for 22 months on balance transfers requested at card application. 1.5% balance transfer fee applies. Reverts to cash advance rate.
- 0% p.a. on purchases for 7 months. Reverts to variable purchase rate
- Earn 1 Amplify point per $1 spent on eligible purchases with Australian and overseas merchants
- Redeem your points on frequent flyer programs such as Malaysia Airlines’ Enrich and Singapore Airlines’ KrisFlyer programs, gift cards, retail vouchers, homewares, travel and more.
- No annual fee first year. $99 annual card fee thereafter
- Overseas Travel Insurance on trips up to 3 months for you, your spouse and/or dependent children
- Get an additional cardholder at no extra cost
- Up to 55 days interest free on purchases
- Eligible with Apple Pay, Google Pay and Samsung Pay.
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Bank of Melbourne Credit Cards
Bank of Melbourne Amplify Platinum Credit Card
Updated 7 December 2020
With the Bank of Melbourne Amplify Platinum Credit Card you can take advantage of a great balance transfer and purchase offer. Redeem your points on frequent flyer programs such as Malaysia Airlines’ Enrich and Singapore Airlines’ KrisFlyer programs, gift cards, retail vouchers, homewares, travel and more.
T&Cs apply. Offer ends 9 February 2021
Purchase Rate (p.a)
0% p.a.
for 7 months. Reverts to 19.74% p.a.
Balance Transfer (p.a)
0% for 22 months
1.5% balance transfer fee applies.
Reverts to 21.49% p.a.
Annual Fee (p.a)
$0 first year. Then $99 p.a.
Pros and cons
- 3% foreign transaction fee
Creditcard.com.au review
Editor Review
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.
Giving 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 and purchase 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 22 months on balance transfers requested at card application. A one off 1.5% balance transfer fee applies. The rate reverts to the cash advance rate after the 22-month promotional period ends. Also get 0% p.a. on purchases for 7 months. Rate reverts to variable purchase rate. 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 purchase rate and cash advance rate.
Why should you choose this card?
If you need to transfer an existing balance and still want 0% on purchases - 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 and purchase offer.
User reviews
Rates and fees
Interest rates
Purchase rate 19.74% p.a.
Introductory purchase rate 0% p.a. for 7 months
Cash advance rate 21.49% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 22 months
Balance transfer revert rate 21.49% p.a.
Balance transfer from personal loan No
Balance transfer fee 1.5% one off
Balance transfer limit 80% of approved credit limit
Banks you can't balance transfer from Bank of Melbourne, BankSA, St.George
Credit limits
Minimum credit limt $6,000
Maximum credit limit $80,000
Fees & repayments
Annual fee $99 p.a.
Additional card holder fee $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
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
Earning points with this card
Amplify Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 3 months
Flight Inconvenience Insurance No
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Extras
Eligible with Apple Pay, Google Pay and Samsung Pay.
Overview
Bank of Melbourne Amplify Platinum Credit Card
If you are interested in earning Qantas points instead please see the Bank of Melbourne Amplify Platinum Credit Card with Qantas Rewards.
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
- 0% p.a. for 22 months on balance transfers requested at card application. 1.5% balance transfer fee applies. Reverts to cash advance rate.
- 0% p.a. on purchases for 7 months. Reverts to variable purchase rate
- Earn 1 Amplify point per $1 spent on eligible purchases with Australian and overseas merchants
- Redeem your points on frequent flyer programs such as Malaysia Airlines’ Enrich and Singapore Airlines’ KrisFlyer programs, gift cards, retail vouchers, homewares, travel and more.
- Overseas Travel Insurance on trips up to 3 months for you, your spouse and/or dependent children
- Pay no annual fee first year. $99 annual card fee
- Get an additional cardholder at no extra cost
- Up to 55 days interest free on purchases
- Eligible with Apple Pay, Google Pay and Samsung Pay.
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
-
Minimum income of $35,000 p.a.
You have your personal details ready to complete the online application
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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