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 100,000 Bonus Amplify Rewards Points 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 100,000 Bonus Amplify Rewards Points offer. If you sign up for a Bank of Melbourne Amplify Platinum Card and spend $6,000 on eligible purchases each year for two years you can get 100,000 bonus points. That's 70,000 bonus Amplify Points in year 1 plus a further 30,000 in year 2. The bonus points will be credited to your points balance within 12 weeks after the eligible spend criteria is met. Existing St.George, Bank of Melbourne and BankSA customers who currently hold an Amplify, Amplify Platinum or Amplify Signature credit card, or who have held one in the last 12 months and Westpac Group staff are not eligible for this offer. 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 $3,000 spend on eligible purchases within the first 90 days.

Why should you choose this card?

As long as you need to make those purchases, this card – and its 100,000 Bonus Amplify Rewards Points 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 100,000 Bonus Amplify Rewards Points offer.