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Bank of Melbourne Amplify Signature Credit Card
Bank of Melbourne Amplify Signature Credit Card

Bank of Melbourne Credit Cards

Bank of Melbourne Amplify Signature Credit Card

Updated 25 October 2019

Earn up to 200,000 Bonus Amplify Rewards Points over 2 years when you spend $12k on eligible purchases each year plus pay a reduced annual fee in the first year of $139, annual fee is $279 usually. Two Priority Pass lounge visits per year, membership to the Visa Luxury Hotel Collection, and birthday bonus points, where, on your birthday, you’ll receive 10% of the points earned in the past 12 months, added to your account.

T&Cs apply. Offer ends 12 February 2020

Points Earn Rate (per $1 spent)

1.5 points

Amplify

Rewards Program

Amplify Rewards

Bonus Points

200,000 pts

Over 2 years when you spend $12k on eligible purchases each year

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Earn up to 200,000 Bonus Amplify Rewards Points over 2 years (130,000 points year 1 + 70,000 points year 2) when you spend $12k on eligible purchases each year
  • 2 Priority Pass lounge visits per year with Amplify Rewards
  • Earn 1.5 Amplify points for every $1 spent on eligible purchases, uncapped.
  • Reduced annual card fee in the first year of $139 ($279 usually)
  • Get an additional cardholder at no extra cost
  • Range of complimentary insurances such as Overseas travel for up to 6 months, Extended warranty and Price guarantee cover
  • Up to 55 days interest free on purchases
  • Birthday bonus: Within 4 weeks of your birthday, receive an additional 10% of the points earned in the last 12 months
  • Visa Luxury Hotel Collection

  • To be eligible for entire bonus points offer, you have to spend $12k on eligible purchases each year over 2 years

Creditcard.com.au review

Editor Review

Bank of Melbourne Amplify Signature Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Bank of Melbourne Amplify Signature Credit Card with up to 200,000 Bonus Points

Looking for a prestige rewards card with plenty of perks? Touted as Bank of Melbourne’s ‘most rewarding credit card’, the Bank of Melbourne Amplify Signature Credit Card could be right up your alley.

Not only does it offer a pretty decent earn rate over two rewards programs, it also provides plenty of prestige extras and a whopping 200,000 bonus points as an introductory offer when you choose Amplify Rewards. If you want to earn Qantas points instead see the Bank of Melbourne Amplify Signature with Qantas. Want to find out more? Let’s dive in.

What we love...

First on the agenda is that intro offer. Quite simply, if you apply for the Bank of Melbourne Amplify Signature Credit Card and spend $12,000 each year over 2 years on eligible purchases, you will be credited with 200,000 bonus points and you pay a reduced annual fee the first year. The annual fee is $279 ongoing.

No matter which way you swing it, 200,000 points on any rewards program is a nice amount to play with. What you spend those points on though, will depend on the rewards program you choose to assign your card to.

Unlike many other rewards card, the Bank of Melbourne Amplify Signature Credit Card provides a choice between two rewards programs. As a cardholder, you can either earn and redeem points on the Amplify Rewards program or the Amplify Qantas program.

On the Amplify program, you can earn up to 1.5 Amplify points per $1 spent, uncapped, to 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 and travel.

On the Qantas program, you can earn 0.75 Qantas points per $1 spent, uncapped, 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 really can’t talk about all the good bits without mentioning the bad bits. When it comes to the Bank of Melbourne Amplify Signature Credit Card, it’s worth bearing in mind the card has a significant annual fee, and relatively high rates of interest on purchases and cash advances.

To be eligible for the bonus points, over 2 years you will need to spend at least $12,000 on eligible purchases each year. This is fine if you were planning on spending that amount anyway – and you pay it off before it attracts interest – but not so good if you are only spending to get the points in return. Receive 130,000 bonus Amplify Points in year 1 plus a further 70,000 in year 2 when you spend at least $12,000 on eligible purchases each year.

Why should you choose this card?

Choosing this card should come down to a balance of value. Do you pay out more than you get in return? Or is the outlay worth it in overall value? To help you weigh that up, here are some more of the card’s features that you might find beneficial.

As a cardholder, you will be given two Priority Pass lounge visits per year on the Amplify program, or two Qantas Lounge passes on the Qantas program. You will also receive birthday bonus points, where on your birthday, you will be gifted an additional 10% of the points you earned in the past year.

Cardholders also benefit from automatic membership to Visa’s Luxury Hotel Collection, complimentary travel insurance, extended warranty insurance and price guarantee, and one free additional cardholder.

Overall Rating

A prestige rewards card offering a great earn rate over two rewards programs, an array of features and extras, and up to 200,000 in bonus points plus reduced annual fee the first year.

User reviews

Bank of Melbourne Amplify Signature Credit Card ( based on 1 Creditcard.com.au user review )

70% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 19.74% p.a.

Cash advance rate 21.49% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 6 months

Balance transfer revert rate 21.49% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee.

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 $15,000

Maximum credit limit $80,000

Fees & repayments

Annual fee $279 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2%

Annual fee the first year $139

Cash advance fee 2%

Late payment fee $15

Rewards and points

Rewards program

Rewards Program Amplify Rewards Amplify Rewards

Bonus points 200,000 points

Annual points cap uncapped

Bonus points spend criteria Over 2 years when you spend $12k on eligible purchases each year

Earning points with this card

Amplify Rewards points 1.5 points 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

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Extras

2 Priority Pass lounge visits per year

Celebrate birthdays with a 10% points bonus

Visa Luxury Hotel Collection

Overview

Bank of Melbourne Amplify Signature Credit Card

If you are interested in earning Qantas points instead please see the Bank of Melbourne Amplify Signature Credit Card with Qantas Rewards.

Key features

  • Earn up to 200,000 Bonus Amplify Rewards Points over 2 years (130,000 points year 1 + 70,000 points year 2) when you spend $12k on eligible purchases each year
  • 2 Priority Pass lounge visits per year with Amplify Rewards
  • Earn 1.5 Amplify points for every $1 spent on eligible purchases, uncapped.
  • Reduced annual card fee in the first year of $139 ($279 usually)
  • Get an additional cardholder at no extra cost
  • Range of complimentary insurances such as Overseas travel for up to 6 months, Extended warranty and Price guarantee cover
  • Up to 55 days interest free on purchases
  • Birthday bonus: Within 4 weeks of your birthday, receive an additional 10% of the points earned in the last 12 months
  • Visa Luxury Hotel Collection

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

  • You have your personal details ready to complete the online application

Roland B Bleyer

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

Something you need to know about this card? Ask a our credit card expert a question.

4 questions (showing the latest 10 Q&As)

Jane

Jane

15 July 2019
What do you regard as "eligible purchases" Does this mean bills of every type as well as purchases. Thank you.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 July 2019
    Hi Jane, most purchases are eligible. Some examples that are not include bank fees, balance transfer and cash advances. Some bpays may not be eligible if they merchant considers the payment a cash advance. You would need to check with the company you are paying how they treat credit card payments.
Noel Marshall

Noel Marshall

24 February 2019
Is Credit card still aligned with priority pass and if so are the two complimentary passes applicable each colander year, from the renewal date or from the last date lounge was used?
Brett

Brett

2 April 2018
What is the rate of transfer to velocity? A search of the web suggests it's 2:1, but the article mentions 1.5::1 for QF points and most times the QF and Velocity transfer rate is the same Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 April 2018
    Hi Brett, you do receive 1 Velocity Point for every 2 Amplify Points. You can Set up Velocity Auto-Redemption via amplify.bankofmelbourne.com.au/autovff. You can opt into the Amplify Signature Qantas and earn 0.75 Qantas points per dollar spent.
Mark Attard

Mark Attard

2 January 2017
I want to transfer balance from bo vertigo card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 January 2017
    Hi Mark, you will need to choose a balance transfer offer outside of the St George Group. A balance transfer needs to be between different banks. So if you are looking to transfer Vertigo debt an option could be the Virgin No Annual Fee or NAB Premium with 0% for 24 months (plus 3% BT fee).

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