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150,000 Spend $12k on eligible purchases in the first year
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 21 February 2024

Earn up to 150,000 Bonus Amplify Rewards Points (worth up to $675 in eGift cards) when you apply by 30 April 2024 and spend $12,000 on eligible purchases in the first year. Save with 0% p.a. interest on balance transfers for 24 months with 1% BT fee plus discounted first year annual fee. Enjoy complimentary insurances, 2 Priority Pass lounge visits per year, access to Visa’s Luxury Hotel Collection, and birthday bonus points.

Points Earn Rate (per $1 spent)

1.5 points

Amplify

Rewards Program

Amplify Rewards

Bonus Points

150,000 pts

Spend $12k on eligible purchases in the first year

Pros and cons

  • Earn 150,000 Bonus Amplify Rewards Points (worth up to $675 in eGift cards) when you spend $12,000 on eligible purchases in the first year.
  • Discounted first year annual fee of $199; $295 annual fee thereafter.

  • Enjoy 0% p.a. interest on balance transfers for 24 months when requested at card application, 1% BT fee applies and reverts to cash advance rate. Offer ends 30 April 2024.
  • Earn 1.5 Amplify points for every $1 spent on eligible purchases, uncapped
  • Range of complimentary insurances such as interstate flight inconvenience insurance, extended warranty, up to 4 months purchase security cover, and transit accident insurance
  • Complimentary International and Domestic Travel Insurance (including COVID-19 coverage effective 30 June 2022, T&Cs apply)
  • 2 Priority Pass lounge visits per year with Amplify Rewards
  • 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
  • Get an additional cardholder at no extra cost
  • Eligible with Apple Pay, Google Pay and Samsung Pay

  • 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

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

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.

It comes with an enticing introductory offer for new cardholders who apply and get approved by 30 April 2024 - 150,000 Bonus Points, discounted first year annual fee plus, 0% p.a. interest on balance transfers for 24 months.

Not only does this card offer a pretty decent earn rate over two rewards programs, it also provides plenty of prestige extras and a whopping 150,000 bonus points as an introductory offer when you choose Amplify Rewards. Plus, enjoy a discounted first year annual fee ($96 in savings) and 0% p.a. interest on balance transfers for 24 months when requested at card application. 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.

Point calculations are accurate as of 21 February 2024 but may be subject to change without notice. All routes may have additional taxes and charges. Check on the official Bank of Melbourne page for the updated calculations.

What we love...

First on the agenda is the intro offer. Quite simply, if you apply for the Bank of Melbourne Amplify Signature Credit Card and spend $12,000 in the first year on eligible purchases, you will be credited with 150,000 bonus Amplify points. This can get you up to $675 in eGift cards. To give you an idea, 11,100 Amplify Points can currently get you a $50 e-gift card from a range of merchants such as David Jones, Myer, JB Hi-Fi, Bunnings and many others.

Aside from bonus points, this introductory offer includes a discounted first year annual fee. New cardholders will be charged $199 card fee instead of the standard $295 - that's $96 in savings! The reduced first year card fee will be debited to your card account by the time you make your first transaction, and the full card fee will be debited annually, thereafter.

Last but not least, the 0% interest rate on balance transfers for 24 months (with a one-time 1% balance transfer fee) intro offer. It is important to note that this promotional balance transfer rate will only be available until 30 April 2024, when requested at card application. up You can transfer balances from up to 3 non-Bank of Melbourne, St.George and BankSA credit, charge or store cards. After the promo period, any unpaid balance you have will revert to the cash advance rate.

This card showers bonus points to its members even on birthdays as you can earn an additional 10% of the points earned in the last 12 months within 4 weeks of your birthday. More points to earn on the Amplify program as you can get up to 1.5 Amplify points per $1 spent on eligible purchases, uncapped.

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 150,000 bonus Amplify Points, you will need to spend at least $12,000 on eligible purchases in the first 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.

Also, just note that you won't be eligible for the bonus points offer if you currently hold or have held an Amplify, Amplify Platinum or Amplify Signature card issued by Bank of Melbourne, St.George or BankSA in the last 12 months.

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 to any of more than 1300 participating airport lounges worldwide regardless of the class of travel or airline you're flying.

Cardholders also benefit from complimentary retail and travel insurances such as interstate flight inconvenience insurance, up to 6 months overseas travel insurance, extended warranty, up to 4 months purchase security cover, and transit accident insurance; automatic membership to Visa’s Luxury Hotel Collection; exclusive concierge services; up to 55 days interest free on purchases; 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, up to 150,000 in bonus points, a discounted first year annual fee and, 0% p.a. interest on balance transfers for 24 months.

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 19.49% 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

Brands you can't balance transfer from Bank of Melbourne, BankSA, St.George

Credit limits

Minimum credit limit $15,000

Maximum credit limit $80,000

Fees & repayments

Annual fee $295 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 $199

Cash advance fee 3%

Late payment fee $15

Rewards and points

Rewards program

Rewards Program Amplify Rewards Amplify Rewards

Bonus points 150,000 points

Annual points cap uncapped

Bonus points spend criteria Spend $12k on eligible purchases in the first 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 - up to 6 months

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 Yes

Extras

2 Priority Pass lounge visits per year

Celebrate birthdays with a 10% points bonus

Visa Luxury Hotel Collection

Eligible with Apple Pay, Google Pay and Samsung Pay

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.

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

  • Earn 150,000 bonus Amplify Rewards Points (worth up to $675 in eGift cards) when you spend $12,000 on eligible purchases in the first year.
  • Discounted first-year annual fee of $199; $295 annual fee thereafter.
  • Enjoy 0% p.a. interest on balance transfers for 24 months when requested at card application; a one-off 1% BT fee applies and reverts to the cash advance rate. Offer ends 30 April 2024.
  • Earn 1.5 Amplify points for every $1 spent on eligible purchases, uncapped
  • Birthday bonus: Within 4 weeks of your birthday, receive an additional 10% of the points earned in the last 12 months
  • Up to 55 days interest-free on purchases
  • Range of complimentary insurances such as interstate flight inconvenience insurance, up to 6 months overseas travel insurance, extended warranty, up to 4 months purchase security cover, and transit accident insurance
  • 2 Priority Pass lounge visits per year with Amplify Rewards
  • Visa Luxury Hotel Collection
  • Exclusive Concierge Services
  • Free additional cardholder
  • 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

  • Permanent resident in Australia/NZ OR; Non-resident or migrant that holds an acceptable Visa, with a minimum 1 year before expiry

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

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

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

11 questions (showing the latest 10 Q&As)

Kate

Kate

27 March 2023
I have a current amplify signature card. How do I activate the international travel insurance for an upcoming trip? Will it cover the two card holders and our 4 year old daughter?
    Pauline - CreditCard.com.au

    Pauline

    28 March 2023
    Hi Kate, you (the primary cardholder), your spouse and daughter will be eligible for the complimentary International Travel Insurance if you meet all the criteria outlined on their Policy Information Booklet. This does include spending at least $500 on prepaid travel costs and charging these costs on your card account. Meeting all the eligibility criteria will activate your insurance and you, your spouse and dependants will be automatically covered. For specific information about the insurance cover, you may reach out to Allianz Global Assistance (BOM’s underwriter) at 1800 091 710. Enjoy your family trip!
Lijo Dominic

Lijo Dominic

22 November 2022
I am using Amplify Signature card, wanted to see if i am available for internation travel insurance coming with the card
    Pauline - CreditCard.com.au

    Pauline

    23 November 2022
    Hi Lijo, you’ve actually reached Creditcard.com.au. You can check their complimentary travel insurance PDF or call Bank of Melbourne directly at 13 22 66 for information about the eligibility requirements, terms, conditions and exclusions.
Adam

Adam

18 October 2022
Hi, Do you know which airlines are available as points partners for amplify points conversion? Thanks
    Pauline - CreditCard.com.au

    Pauline

    19 October 2022
    Hi again Adam, Amplify Rewards program’s frequent flyer partners include Malaysia Airlines, Singapore Airlines and Virgin Australia. You can read through our Amplify Rewards Guide to find out all about the program.
Khen

Khen

21 December 2021
Thank you for the reply of “ the Amplify Rewards membership is already inclusive of the card benefits you have. As to check for your Amplify points, you can do this via the Bank of Melbourne’s app or website.” but i have selected the option of qantas reward point when applying the card. I also received a membership form to fill in by mail, and posted it a month ago. My wuenstion is, do i need to pay extra for having qantas point reward?
Khen

Khen

18 December 2021
i am holding this Bank of Melbourne Amplify Signature Credit Card, but what to do next? how to check my qantas amplify point balance? do i need to separately join/pay for the so call amplify signature membership? but i already paying $279 per year with St george bank. what should i do now? please help!
    Pauline - CreditCard.com.au

    Pauline

    20 December 2021
    HI Khen, if it’s a new card, you need to activate it and set your PIN so you can start using your card. Also, the Amplify Rewards membership is already inclusive of the card benefits you have. As to check for your Amplify points, you can do this via the Bank of Melbourne’s app or website. If you wish to switch to earning Qantas points, Amplify allows cardholders to switch between programs whenever they want. Hope this has helped.
William Li

William Li

29 October 2021
Hi Pauline, i have applied and been approved of this credit card a few months ago, i was told at that time that once i spend over $12,000, i will have 100,000 bonus points in the first year; then second year if i spend the same amount or more, then will be another 100,000 points. however now i spent already over 15,000 still nothing??
    Pauline - CreditCard.com.au

    Pauline

    1 November 2021
    Hi William, thanks for your question. We checked the bank's site for you and found this in the Terms and Conditions - “You'll receive 100,000 bonus Amplify Points when you spend a minimum amount of $12,000 on eligible purchases on the credit card within the first 12 months from card approval.” If you’d like to contact Bank of Melbourne to chat with them directly about your bonus points situation, you can reach them on 13 22 66.
Stevie

Stevie

17 July 2020
When are the bonus points paid? If I spend $12,000.00 on eligible purchases in the first 6 months do I have to wait until the end of the first year, or do I receive the 130,000 bonus points within a few weeks? If so, could I earn/claim the 130,000 bonus points for the first year and cancel the card before year 2 (not paying card fee for that 2nd year and forfeiting the 70,000 bonus points for the 2nd year)?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 July 2020
    Hi Stevie, The 130,000 bonus points will be credited to your points balance within 12 weeks after the eligible spend criteria is met.
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 offer (plus 3% BT fee).

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