- 130,000 bonus Amplify Points when you spend $3,000 within 90 days (worth up to $550 in eGift cards)
- 0% p.a. for 24 months on balance transfers requested at card application. 1% balance transfer fee applies. Reverts to cash advance 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.
- Discounted $49 annual card fee; $99 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 27 October 2021
Enjoy great introductory offers with the Bank of Melbourne Amplify Platinum Credit Card. Earn 130,000 bonus Amplify Points when you spend $3,000 within 90 days. Redeem your points on frequent flyer programs, gift cards, retail vouchers, homewares, travel, and more. Save with 0% p.a. for 24 months on balance transfers requested at card application (1% balance transfer fee applies) and a discounted $49 annual fee in the first year.
T&Cs apply. Offer ends 24 February 2022
Points Earn Rate (per $1 spent)
1 point
AmplifyRewards Program
Amplify Rewards
Bonus Points
130,000 pts
Min. $3,000 spend within 90 days
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.
You get 130,000 bonus Amplify points (worth up to $550 in eGift cards) 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 24 months on balance transfers requested at card application. A one-off 1% balance transfer fee applies and after the promo period, the cash advance rate will kick in.
Paying zero interest for up to 24 months will allow you to save more and clear your existing credit card debt faster. You must see to it though, that you pay off your balance transfer in full before the interest-free period ends to avoid attracting a much higher interest rate.
Next up is the discounted annual fee. New cardholders only have to pay a $49 annual fee, allowing them to save $50 in the first year and still enjoy all the features, platinum perks, and the quick bonus points that the Bank of Melbourne Amplify Platinum Credit Card offers. After the intro period, the standard $99 card fee applies which is quite reasonable for a platinum card.
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.
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.
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. For example, you can redeem a $50 e-gift card from a variety of shops including David Jones, Myer, JB Hi-Fi, Bunnings, and more for 11,100 Amplify Points. Bagging 130,000 bonus Amplify points will surely give you more flexibility in how you use your points.
Point calculations are accurate but may be subject to change without notice.
If you want to earn Qantas points, check out Bank of Melbourne Amplify Platinum Credit Card with Qantas Rewards.
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 are looking for a rewards card that comes with generous bonus points and a long balance transfer intro offer, this card could be perfect for you. For a discounted first year annual fee, you can benefit from a number of other features as well such as 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 that offers a decent earn rate on a choice of two rewards programs, a 0% balance transfer offer plus, a discounted annual fee in the first year.
User reviews
Rates and fees
Interest rates
Purchase rate 19.74% p.a.
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 24 months
Balance transfer revert rate 21.49% p.a.
Balance transfer from personal loan No
Balance transfer fee 1% 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 limit $6,000
Maximum credit limit $80,000
Fees & repayments
Annual fee $99 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2% or $10, whichever is greater
Annual fee the first year $49
Cash advance fee 2% or $2.50, whichever is greater
Late payment fee $15
Rewards and points
Rewards program
Rewards Program
Amplify Rewards
Bonus points 130,000 points
Annual points cap uncapped
Bonus points spend criteria Min. $3,000 spend within 90 days
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
- 130,000 bonus Amplify Points when you spend $3,000 within 90 days (worth up to $550 in eGift cards)
- 0% p.a. for 24 months on balance transfers requested at card application. 1% balance transfer fee applies. Reverts to cash advance 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
- Discounted $49 annual card fee; $99 thereafter
- 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
-
You must be an Australian citizen or have a permanent residency visa
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.
Recently Asked Questions
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