Bank of Melbourne Amplify Credit Card – Rates and Fees

Information verified correct on December 11th, 2016

Earn points with your choice of Amplify Rewards or Amplify Qantas Points and save on interest costs with a 0% p.a. balance transfer offer and a 1% p.a. introductory offer on purchases.

Get 0% p.a. for 18 months on balance transfers plus 1% for 12 months on purchases from card approval when you apply by 4 January 2017. With a competitive cash advance rate, annual fee waiver in the first year, plus the choice between two lucrative rewards programs, the Amplify credit card is a competitive offering from the Bank of Melbourne. As a card that’s giving you access to the rewards of a premium credit card without the price tag, take a look at the possibilities offered by the Bank of Melbourne Amplify.

Product NameBank of Melbourne Amplify Classic - Amplify Rewards
Rewards ProgramAmplify Rewards
Balance transfer rate (p.a.)0% p.a. for 18 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (19.49% p.a.)
Maximum Balance Transfer Amount95% of the approved credit limit
Purchase rate (p.a.)1% p.a. for 12 months (reverts to 19.49% p.a.)
Offer end date4 January 2017
Annual fee$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)20.24% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Minimum Monthly Repayment2% or $10
Minimum Income$25,000
Card TypeVisa
Late Payment Fee$9
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$25,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Annual Fee$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Minimum Repayment2% or $10
Late Payment Fee$9
Over Limit Fee$9
Cash Advance Fee2% of the value of the transaction or minimum charge of $2.50
Overseas Cash Advance Fee2%
Overseas Emergency Replacement$52.50
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • There is a balance transfer offer of 0% p.a. for 18 months.1% p.a. for 12 months on purchases.
  • You can enjoy up to 55 days interest free days on purchases.
  • Flexibility to choose from 2 great reward programs, Amplify Rewards or Amplify Qantas and have membership fee waived for the first year.
  • Pay no annual fee in the first year.

Cons

  • Until you have paid off any amount owning under a balance transfer in full up to 55 days interest free will not apply.
  • Annual fee of $79 applies.
Rewards ProgramAmplify Rewards
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Bank of Melbourne Amplify Credit Card review

The Bank of Melbourne Amplify credit card is the lower-cost card in the Amplify range. Cardholders can enjoy an annual fee waiver in the first year, a balance transfer offer of 0% p.a. for 18 months, and a choice between the Amplify Rewards and Amplify Qantas program. The minimum available credit limit is $1,000.

Benefits of Bank of Melbourne Amplify Credit Card

  • Amplify Rewards. You will earn 1 Amplify Point per $1 spent if you link your card to the Amplify Rewards program.
  • Amplify Qantas. With Amplify Qantas program, you will earn 1 Qantas Point for every $2 spent on your card.
  • Redeeming points. You can redeem Amplify Rewards through travel rewards, including domestic and international flights on major airlines, accommodation, holiday packages and more through Amplify Travel. Other options include redeeming airline points or miles through Virgin’s Velocity program, Singapore Airlines’ Krisflyer or Malaysia Airlines’ Enrich program. The Amplify Qantas program, on the other hand,  lets you redeem points for flight upgrades, award seats, plus a range of other travel-related rewards. You can also redeem Qantas Points with one of their 35 partner airlines plus redeem award seats on Jetstar flights.
  •  on balance transfers for 18 months. To be eligible for the balance transfer offer with the Bank of Melbourne Amplify Credit Card, you need to apply and get approved for the account by 4 January 2017.
    Transfer balances from existing credit cards and don’t worry about paying interest on the transferred balance for the next 18 months. At the end of the balance transfer introductory period, a standard purchase rate will be charged on any unpaid amount from the balance transfer period.
  • 1% p.a. on purchases for 12 months. Apply by 4 January 2017 and you won’t pay any interest on purchases you make with the card for 12 months. The standard purchase rate will apply to any outstanding balance after the promotional period.
  • Annual fee. This card offers an annual fee of $0 for the first year, $79 p.a. thereafter.

Features of the Bank of Melbourne Amplify Credit Card

  • Competitive interest rate. You’ll be charged a rate of 19.49% p.a. on purchases and 20.24% p.a. for cash advances.
  • Balance transfer offer. When you request a balance transfer at the time of your application, you can enjoy 0% p.a. for 18 months on the balance you bring over.
  • Additional cardholder. You can add an additional cardholder to your account for $0.
  • Interest-free days. When you pay your closing balance in full by the statement due date you will receive up to 55 days interest-free on purchases.
  • Contactless payments. As this is a Visa card, you can make contactless payments for transactions that are under $100.

How to apply for the Bank of Melbourne Amplify Credit Card

To apply for the Bank of Melbourne Amplify credit card, you must complete an online application. But first, check if you meet the following eligibility requirements.

Eligibility criteria

  • Be at least 18 years of age
  • Be a permanent Australian resident
  • Have a good credit rating
  • Be looking for a credit limit that is between $1,000 and $25,000

Required documents

Your online application should take between 10 to 15 minutes to complete, after which you’ll receive a response as to whether you’ve been approved. If you’re an existing Bank of Melbourne customer you can apply through internet banking. If you’re not an existing customer, you’ll need the following details to complete your application:

  • Your driver’s licence number
  • Your weekly after-tax income
  • Financial details including your assets, savings and investments
  • Details of your debts and liabilities including repayment amounts and balances owing.
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6 Responses to Bank of Melbourne Amplify Credit Card – Rates and Fees

  1. Default Gravatar
    indigo | September 15, 2015

    Hi, please clarify –

    if we apply today and its take 10 days to approve, after the 23rd, does this mean we miss out on the Balance transfer.

    Both comments relating to this are contradictory. See below. Under Promo info it simply state that we have to apply, not also approved to be eligible for the balance transfer @ 0% for 16 months,

    Apply before the 23 September 2015 – To be eligible for the balance transfer offer with the Bank of Melbourne Amplify Credit Card, you need to apply and get approved for the account before the 23 September 2015.

    Promotional purchase rate

    0% p.a. on purchases for 3 months – Apply by 23 September 2015 and you won’t pay any interest on purchases you make with the card for 3 months. The standard purchase rate will apply to any outstanding balance after the 90-day period.

    • Staff
      Jonathan | September 16, 2015

      Hi Indigo, thanks for your inquiry.

      We can confirm that you may still be able to avail the promotional balance transfer rate, provided that you have requested an application to transfer balances from existing credit cards and if your application is submitted before 23 September 2015. The introductory purchase rate of 0% for 3 months is also available if you apply before 23 September 2015.

      I hope this has helped.

      Cheers,

      Jonathan

  2. Default Gravatar
    Kerry | May 7, 2013

    In your terms and conditions, 3.2 says: Subject to the exclusions set out in clause 4.4, under Amplify Rewards, Amplify points are earned whenever goods or services are purchased using a Card or
    the Card Account. So – if i apply for this card and add an additional cardholder, do the purchases made by the additional card qualify to earn Amplify Rewards points on the primary cardholders account (if I choose that option) and is there a fee payable (annual or otherwise)in order for those additional card purchases to qualify. Thanks

    • Staff
      Jacob | May 7, 2013

      Hi Kerry. Thanks for your question. You’re correct with what you say about the additional cardholder earning points for the primary card account. The way it works is once you have an additional cardholder added to an account, the supplementary card will earn points on the primary account when an eligible purchase is made with the card. There is no fee for adding an additional cardholder to this account (you can have one additional cardholder) and there is no fee for allowing this card to earn points to the primary account. Let me know if this has answered your question and whether you need more information. Jacob.

  3. Default Gravatar
    Christine | February 12, 2013

    Hi, I was just wondering can I apply for this card if I’ve
    never owned a credit card before? Thanks

    • Staff
      Jacob | February 12, 2013

      Hi Christine. Thanks for your question. Provided that you meet the minimum income requirements for this card, there should be no issues if you’ve never owned a credit card before.

Credit Cards Comparison

Rates last updated December 11th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
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NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
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