Bank of Melbourne Amplify Platinum – Bonus Points
Collect up to 100,000 bonus Amplify Points and enjoy complimentary travel insurance with the Bank of Melbourne Amplify Platinum.
When you apply and are approved for the Bank of Melbourne Amplify Platinum by 02 June 2020 and spend $6,000 on eligible purchases each year, you will receive 70,000 bonus Amplify Points in the first year, plus another 30,000 points in the second year. This card also offers a reduced first-year annual fee of $49 ($99 p.a. thereafter).
0% p.a.
Balance transfer rate
for 6 months
100,000
Bonus points
19.74% p.a.
Purchase rate
1
Reward point
Per $ spent (Visa/Mastercard)
Details
| Product Name | Bank of Melbourne Amplify Platinum - Bonus Points |
|---|---|
| Rewards program | Amplify Rewards |
| Balance transfer rate | 0% p.a. for 6 months |
| Balance Transfer Revert Rate | Cash Advance Rate (21.49% p.a.) |
| Balance Transfer Limit | 80% of available balance |
| Purchase rate (p.a.) | 19.74% p.a. |
| Annual fee | $49 p.a. annual fee for the first year ($99 p.a. thereafter) |
| Interest free period | 55 days |
| Cash advance rate (p.a.) | 21.49% p.a. |
| Min credit limit | $6,000 |
| Max credit limit | $80,000 |
| Card type | Visa |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Complimentary travel insurance | Yes |
| Minimum age | 18 years of age |
|---|---|
| Available to temporary residents | Yes - Conditions apply |
| Joint application | Yes - Conditions apply |
Pros
- 70,000 bonus points in the first year and 30,000 bonus points in the second year (100,000 points total) when you spend at least $6,000 per year
- Uncapped rewards points on eligible purchases
- 0% p.a. balance transfer for 6 months with no balance transfer fee
- Complimentary travel insurance and purchase insurance covers
Cons
- Staggered spend requirement for total bonus points
- Charges a 3% foreign transaction fee
| Rewards program | Amplify Rewards |
|---|---|
| Bonus Points | 100,000 bonus points |
| Rewards Points per $ spent (Visa/Mastercard) | 1 |
| Annual fee | $49 p.a. annual fee for the first year ($99 p.a. thereafter) |
|---|---|
| Minimum monthly repayment | 2% of the closing balance or $10, whichever is greater |
| Late payment fee | $15 |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Cash Advance Fee | 2% or $2.50, whichever is greater |
| Additional cardholder fee | $0 |
| Number of Additional Cardholders | 1 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally 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.
