Bank of Melbourne Amplify Platinum Credit Card – Rates and Fees

Information verified correct on May 24th, 2017
Bank of Melbourne Amplify Platinum Find out more Go to site

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  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
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  • Once approved, you will typically receive your credit card within 1-2 weeks
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Receive up to 60,000 bonus points and enjoy platinum benefits such as complimentary insurance covers.

Receive up to 60,000 bonus Qantas or Amplify Points if you apply by 20 September 2017, your application gets approved and you spend $3,000 on eligible purchases within the first 90 days from card approval. The Bank of Melbourne Amplify Platinum Credit Card also offers competitive interest rates and fees, as well as beneficial additional features.

You can also take advantage of additional features like interest-free days, complimentary insurance covers and platinum services. There is also no additional fee for the rewards program.

Product NameBank of Melbourne Amplify Platinum
Rewards ProgramAmplify Rewards
Purchase rate (p.a.)19.49% p.a.
Offer end date20 September 2017
Annual fee$99 p.a.
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.
$6,000
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.
$80,000
Minimum Monthly Repayment2% or $10, whichever is greater
Minimum Income$35,000
Card TypeVisa
Late Payment Fee$15
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 InsuranceYes
Available To Temporary ResidentsNo
Joint ApplicationYes
Minimum Income$35,000
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.
$6,000
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.
$80,000
Annual Fee$99 p.a.
Minimum Repayment2% or $10, whichever is greater
Late Payment Fee$15
Over Limit Fee$0
Cash Advance Fee2% of each cash advance amount and all transfers or minimum of $2
Overseas Cash Advance Fee2% of each cash advance amount and all transfers or minimum of $2
Overseas Emergency Replacement$52.50
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
Rewards ProgramAmplify Rewards
Bonus Points on Sign-up60,000
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 Platinum Credit Card review

With a rewards scheme and a competitive purchase interest rate of 19.49% p.a. you can use your Amplify Platinum Card on all purchases from everyday items to larger purchases and emergencies. You can also withdraw cash from your account at a rate of 20.24% p.a.

The rewards program allows you to earn points for every dollar you spend with international purchases earning you double points. Those points can be redeemed for gift cards, merchandise, or travel rewards (by linking to the Amplify Qantas program). Your points are uncapped and they don't expire at any point.

You'll also enjoy platinum services like personal concierge service, complimentary insurance covers and interest-free days. As a platinum cardholder, you will also get a minimum credit limit of $6,000, giving you plenty of flexibility when it comes to spending with your Amplify card.

Benefits of the Bank of Melbourne Amplify Platinum Credit Card

    • Bonus points offer. Apply for a Bank of Melbourne Amplify Platinum Credit Card and get approved by 20 September 2017 to be eligible for the 60,000 bonus points offer (40,000 bonus points in the first year when you spend $3,000 on eligible purchases within the first 90 days from card approval, plus 20,000 bonus points in the second year).
  • Choose between two rewards programs Amplify Rewards or Amplify Qantas. Earn 1 Amplify Point or 0.5 Qantas Point per $1 spent on eligible transactions, uncapped. When making overseas purchases, you'll earn 2 points per $1 spent on Amplify Rewards and 1 Qantas Point per $1 spent.
  • Annual fee. Bank of Melbourne Amplify Platinum attracts an annual fee of $99.
  • Travel insurance. A lot can go wrong when you travel. Travel insurance through your Amplify card can help protect you from problems including flight delay and missed connections. This will give you peace of mind when you travel on holiday, whether for personal or business purposes.
  • Extended warranties. When you purchase certain items that come with a manufacturer's warranty with your Amplify Platinum card, you will get an extended warranty that will come into effect when the manufacturer's warranty ends. This is helpful with larger purchases that can be costly to fix or replace.
  • Purchase protection. If a newly-purchased item gets damaged or stolen, purchase protection through your Amplify card can help you get a reimbursement or pay for repairs on the item as long as the claim falls within a certain time frame after the original purchase date.
  • Earn up to 55 days of interest-free purchases. When you pay off your credit card's balance by a designated date, you'll be eligible to receive up to 55 days interest-free on purchases. This means you'll only have to worry about paying off the cost of the items instead of that plus the interest rate.
    You won't only be saving money on the interest but you'll be paying down your credit card debt faster which will help you get to another interest-free period.
  • Earn more rewards points. Since you won't have to pay interest on purchases made, you may choose to make more purchases than normal since you earn rewards points for every dollar you spend on your credit card.

Features of the Bank of Melbourne Amplify Platinum Credit Card

Besides from interest-free days, and complimentary insurance covers you'll also be able to benefit from a number of other features.

  • Competitive purchase rate. This card's 19.49% p.a. interest rate on purchases is considered to be competitive when compared to other rates.
  • Available cash advances. You can choose to withdraw cash from your account with a 20.24% p.a. rate if you need cash on hand.
  • Competitive fees. You'll only have to pay a $99 fee with this card. There are no introductory fees, establishment fees, or rewards scheme fees.
  • Flexible credit limits. Your minimum credit limit is $6,000 leaving you plenty of room to spend money using your credit card. The maximum credit limit is subject to status.
  • Personal concierge service. As a platinum cardholder, you will receive concierge service that can help you make restaurant reservations, order event tickets, and more.
  • Additional cardholders. You can choose to add 1 additional cardholder to your account. This can help you earn rewards points faster since purchases on that card will count to the rewards scheme.
  • Worldwide acceptance. Since the card is backed by Visa, you're free to use your card anywhere in the world that accepts Visa. This includes ATMs.
  • Online banking available. Monitor your account via the internet or by phone. You can also link your account to your Bank of Melbourne bank account.
  • Rewards program. You can link your Amplify platinum card to the Amplify Rewards program or the Amplify Qantas program to earn shopping or travel rewards.
  • Emergency card replacement. If you lose your card or have it stolen, you can get it replaced quickly by contacting your provider immediately. With worldwide service, this can even be done while you're traveling.

How to apply for the Amplify Platinum Credit Card

If you meet the requirements outlined below and wish to apply for the offer, simply complete an online application form. The application process can take about 10 to 20 minutes but you can make it go easier by having the required information on hand before beginning.

Eligibility criteria

    • Be 18 years of age or older
    • Be a permanent Australian resident or citizen
    • Earn a minimum annual income set by the provider
    • Have good credit history with no defaults or bad debt

Required documents

    • To verify your identity you'll need a valid Australian driver's license, passport, Medicare card, and/or birth certificate.
    • You'll need to have payslips or similar financial documents on hand to verify your income. This will include supplemental income information like rent from rental properties.
    • Have a detailed list of your financial assets and liabilities on hand.
    • If you're self-employed you'll need to have your tax information on hand. You may also need your accountant's contact information.

If you're already a Bank of Melbourne customer your application process may be sped up if you apply for this offer through the bank's Internet Banking platform. By doing this some of your personal information will be entered into the application for you.

The Amplify Platinum Credit Card offers a rewards program, competitive rates and fees, as well as additional features that you'll benefit from. Remember to compare available credit card offers to get the deal that is best suited for you.

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4 Responses to Bank of Melbourne Amplify Platinum Credit Card – Rates and Fees

  1. Default Gravatar
    Charles | May 20, 2017

    Are BPAY payments considered as eligible purchases?

    • Staff
      Jason | May 20, 2017

      Hi Charles,

      Thank you for your enquiry.

      BPAY, fees, cash, cash equivalent transactions, refunds and balance transfers debited from the card account are not considered as eligible purchases to earn reward points with Bank of Melbourne Amplify Platinum Credit card.

      Please check out this link for a guide on how you can earn reward points for paying bills with a credit card.

      I hope this helps.

      Kind regards,
      Jason

  2. Default Gravatar
    Robin | April 1, 2015

    Amplify Platinum Credit Card and Amplify Qantas points do you actually receive 30000 Qantas Frequent Flyer Points when successful please ?

    • Staff
      Jonathan | April 1, 2015

      Hi Robin, thanks for getting in touch with us!

      The bonus 30,000 points will be added to your points balance within three months after the first purchase is debited to your account.

      Cheers,

      Jonathan

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