- 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
- 0% p.a. for 6 months on balance transfers requested at new card application. Rate then switches to variable cash advance rate. No balance transfer fee.
- 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
- Eligible with Apple Pay, Google Pay and Samsung Pay
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Bank of Melbourne Credit Cards
Bank of Melbourne Amplify Signature Credit Card
Updated 1 October 2020
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 9 February 2021
Points Earn Rate (per $1 spent)
1.5 points
AmplifyRewards Program
Amplify Rewards
Bonus Points
200,000 pts
Over 2 years when you spend $12k on eligible purchases each year
Pros and cons
- 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. Ask Roland a Question 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 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
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 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
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
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 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
- 0% p.a. for 6 months on balance transfers requested at new card application. Rate then switches to variable cash advance rate. No balance transfer fee.
- 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
- 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
-
Australian permanent resident. Temporary residents are eligible
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.
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