Bank of Melbourne Amplify Business credit card review | Finder

Bank of Melbourne Amplify Business Credit Card

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Save with a $0 first year annual fee with a Bank of Melbourne Amplify Business Credit Card.

Manage your business expenses with additional cards and reward your spending with points with the Bank of Melbourne Amplify Business credit card. You can save with a first-year annual fee waiver. You can also take advantage of complimentary insurances and simplified tax reporting.

19.49% p.a.

Purchase rate


Reward point

Per $ spent

$0 p.a.

Annual fee

for the first year ($89 p.a. thereafter)

55 days

Interest free period

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Product NameBank of Melbourne Amplify Business Credit Card
Rewards programAmplify Rewards / Qantas Frequent Flyer
Purchase rate19.49% p.a.
Annual fee$0 annual fee for the first year ($89 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate20.24% p.a.
Min credit limit$1,000
Max credit limit$20,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • $0 first year annual fee
  • Uncapped rewards points on business purchases
  • Complimentary business inconvenience insurance and unauthorised transaction insurance


  • Complimentary travel insurance is not included.
Rewards programAmplify Rewards / Qantas Frequent Flyer
Bonus pointsN/A
Rewards points per $ spent1
Annual fee$0 annual fee for the first year ($89 p.a. thereafter)
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee2% or $2.50, whichever is greater
Additional cardholder fee$0
Number of additional cardholders3

Expert review

Sally McMullen

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Bank of Melbourne Amplify Business credit card combines the perks of a competitive annual fee and generous rewards. You can earn up to 2 Amplify Points which you can redeem for business travel, rewards for your employees and more. Beyond the $0 first year annual fee, this card also charges a competitive standard annual fee compared to some business cards. However, you can only request up to 3 additional cardholders which is low compared to some other business cards.

How to apply

You can apply for the Bank of Melbourne Amplify Business credit card online in 10 minutes and receive a response instantly. Before you get started, check if you meet the eligibility criteria and have the necessary information to complete the application.

Eligibility criteria

  • Business spending. You must agree to use this card wholly or predominantly for business expenditure.
  • Age. This card is only available to applicants who are at least 18 years of age.

Card benefits

  • First year annual fee waiver. Apply before and save with a $0 annual fee in the first year, saving you $89.
  • Mobile payment technology. Enjoy the convenience of making contactless payments by add this credit card to your Google Pay or Samsung Pay wallet using your qualified Android or Samsung device.

Rates & fees

  • Annual fee. Outside of any promotions, Bank of Melbourne's Amplify Business credit card charges a standard annual fee of $89.
  • Purchase rate. This card has a variable purchase interest rate of 19.49% p.a.

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