• Rates
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• Fees
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• Rewards
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• Value
  59%

The Bank of Melbourne Amplify Signature Credit Card - Qantas

Tantalising new cardholders with 80,000 bonus Qantas Points, the Bank of Melbourne Amplify Signature Credit Card is a great points earner, offering plenty of perks on the side. New cardholders can benefit from a discounted annual fee of $179 in the first year, plus extras such as birthday bonus points, Qantas Lounge access and complimentary insurance covers.

What we love...

Before we talk about anything else, we need to look at that bonus points offer in more detail. With the Bank of Melbourne Amplify Signature Credit Card, new cardholders who apply and are approved by 22 May 2019 can take home 80,000 bonus Qantas Points. To qualify, all you need to do is spend $4,000 on eligible purchases within 90 days of card approval.

After making that minimum spend, your bonus points will hit your account within 12 weeks. Then it’s simply a matter of what you’ll do with them. You could fly from Melbourne to New York for 60,000 Qantas Points, to Moscow for 65,000 Qantas Points, or to Stavanger for 70,000 Qantas Points. As they say, the world is your oyster.

Dubbed Bank of Melbourne’s ‘most rewarding credit card’, the Bank of Melbourne Amplify Signature Credit Card offers an uncapped earn rate of 0.75 Qantas Points per $1 on eligible purchases, both at home and overseas. You can also double your points with Qantas Frequent Flyer Program partners, earning once with your card and once with the program partner.

As for those birthday bonus points, you will receive an additional 10% of the points you earned over the preceding 12 months, each year, within four weeks of your birthday. And to help you earn even more points over the year, you can add one additional cardholder to the account at no extra charge.

Last on the list of features we love on the Bank of Melbourne Amplify Signature Credit Card is its discounted annual fee. Instead of paying $279 per year, as a new cardholder you will pay $179 for the first year, to then pay the card’s standard annual fee thereafter.

What’s not so great...

While it may be Bank of Melbourne’s most rewarding credit card, the Bank of Melbourne Amplify Signature Credit Card doesn’t offer the highest Qantas earn rate in town. While the card does offer uncapped points-earning potential, new cardholders should work out the value they will get in rewards and features, to weigh that against the card’s annual fee.

In addition, cardholders should work to avoid high interest charges on their purchases and cash advances. As this card has a relatively high rate of interest – as most rewards cards do – it’s best to avoid cash advances, while clearing your balance at the end of each month if you want to get the most value from what’s on offer.

Why should you choose this card?

With a great selection of features, the Bank of Melbourne Amplify Signature Credit Card would suit cardholders who find value in extras, while earning rewards on day-to-day spending. Making it easy to earn Qantas points on everyday purchases and Qantas spending, the card also provides extras that work well for frequent travellers.

As a cardholder, you can enjoy Qantas Lounge access, with two Qantas Lounge passes each year. You can also benefit from complimentary Qantas Frequent Flyer membership, saving you $99.50, alongside complimentary insurance covers. These provide cover on overseas travel for you, your spouse and your dependent children, on trips up to six months. Additional cover comes in the form of extended warranty insurance and price guarantee cover.

Overall Rating

Offering 80,000 bonus Qantas Points and a discounted annual fee, the Bank of Melbourne Amplify Signature Credit Card allows cardholders to earn Qantas Points day-to-day, while benefiting from extras such as insurance cover, birthday bonus points and Qantas Lounge access.