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Bank of Melbourne Amplify Platinum

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Enjoy 0% interest rate offers for both purchases and balance transfers, plus a $0 first-year annual fee with the Bank of Melbourne Amplify Platinum.

When you apply and are approved for the Bank of Melbourne Amplify Platinum by 30 September 2020, you will enjoy 0% p.a. on purchases for 7 months, 0% p.a. on balance transfers for 22 months (with a one-time 1.5% balance transfer fee) and a $0 first-year annual fee ($99 p.a. thereafter). You can also make contactless, mobile payments and earn points as you spend.

0% p.a.

Balance transfer rate

for 22 months with 1.5% balance transfer fee

0% p.a.

Purchase rate

for the first 7 months (reverts to 19.74% p.a.)

1

Reward point

Per $ spent (Visa/Mastercard)

$0 p.a.

Annual fee

for the first year ($99 p.a. thereafter)

Details

Product NameBank of Melbourne Amplify Platinum
Rewards programAmplify Rewards
Balance transfer rate0% p.a. for 22 months with 1.5% balance transfer fee
Balance Transfer Revert RateCash Advance Rate (21.49% p.a.)
Balance Transfer Limit80% of available limit
Purchase rate (p.a.)0% for 7 months, reverts to 19.74% p.a.
Annual fee$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Interest-free period55 days
Cash advance rate (p.a.)21.49% p.a.
Min credit limit$6,000
Max credit limit$80,000
Card typeVisa
Foreign currency conversion fee (Visa/Mastercard)3%
Complimentary travel insuranceYes
Minimum age18 years of age
Available to temporary residentsYes - Conditions apply
Joint applicationYes - Conditions apply

Pros

  • $0 annual fee for the first year
  • 0% p.a. balance transfer for 22 months
  • 0% p.a. for 7 months interest rate on purchases
  • Uncapped rewards points on eligible purchases
  • Complimentary travel insurance and purchase insurance covers

Cons

  • Annual fee reverts to $99 after the first year
  • Charges a one-time 1.5% balance transfer fee
  • Charges a 3% foreign transaction fee
Rewards programAmplify Rewards
Rewards Points per $ spent (Visa/Mastercard)1
Annual fee$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee (Visa/Mastercard)3%
Cash Advance Fee2% or $2.50, whichever is greater
Additional cardholder fee$0
Number of additional cardholders1

Expert review

Sally McMullen

Review by


Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Bank of Melbourne Amplify Platinum is one of the few cards in the market that offers a 0% balance transfer and purchase rate offer, along with a waived annual fee for the first year.

How to apply

You can apply for the Bank of Melbourne Amplify Platinum card online in 10 minutes and receive a response instantly. Just make sure you've met the eligibility criteria and have the necessary information to complete the application.

Eligibility criteria

  • New cardholder. To be eligible for the promotions, you must apply for a new card and cannot hold or have held an Amplify Platinum or Amplify Signature issued by St.George, Bank of Melbourne or BankSA in the previous 12 months.
  • Age. You must be at least 18 years of age to apply.

Card benefits

  • $0 first-year annual fee. Save on account costs in the first year with a $0 annual fee waiver when you apply by 30 September 2020. This reverts to $99 p.a. in subsequent years.
  • Balance transfer offer. If you apply and get approved for this card by 30 September 2020, you can take advantage of a 0% p.a. for 22 months balance transfer offer (with a one-time 1.5% balance transfer fee). After the promotional period, any balances remaining will be charged at the variable cash advance rate. Interest-free days do not apply while you carry a balance transfer debt.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges an annual fee of $99.
  • Purchase rate. This card charges a 19.74% p.a. variable interest rate on purchases.

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