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• Value
  77%

The Bank of Melbourne Amplify Platinum Card with up to 100,000 Bonus Points

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 pretty terrific 100,000 bonus points introductory 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 that bonus points offer. If you sign up for a Bank of Melbourne Amplify Platinum Card and spend $6,000 on eligible purchases each year, over 2 years you will be credited with 100,000 bonus points to spend as you like. If you want to earn Qantas points, click here to see the Bank of Melbourne Amplify Platinum Credit Card with Qantas Rewards.

For example, 100,000 Amplify points currently gets you up to 50,000 Velocity points. Or, if you fancy doing some shopping, you could redeem for $450 in e-Gift cards with Amplify 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 Virgin Australia’s Velocity, 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 purchase rate and cash advance rate.

As for the introductory offer, be sure to check what those points equate to within your rewards program of choice. It’s also worthwhile making sure you actually need to make the required $6,000 spend in eligible purchases each year over 2 years.

Why should you choose this card?

As long as you need to make those purchases, this card – and its bonus points – 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 100,000 bonus introductory points. Offer ends 22 May 2019. New cards only.