Bank of Melbourne Amplify Platinum Credit Card – Rates and Fees

Pocket 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 2 October 2019 and spend $6,000 each year for the first two years, you will receive 50,000 bonus Amplify Points per year.

You’ll earn points as you spend plus take advantage of a personal concierge service and save with complimentary travel insurance. If you’re repaying an existing debt, the Bank of Melbourne Amplify Platinum offers a 0% p.a. interest rate on balance transfers for the first 6 months.

Product NameBank of Melbourne Amplify Platinum
Rewards ProgramAmplify Rewards
Balance transfer rate0% p.a. for 6 months
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term ends.
Cash Advance Rate (21.49% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.) 19.74% p.a.
Offer end date2 October 2019
Annual fee$99 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)21.49% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$6,000
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$80,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationYes
Annual fee$99 p.a.
Minimum Monthly Repayment2% or $10, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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
Cash Advance Fee2% of each cash advance amount (minimum of $2.50 capped at $150 per transaction)
Overseas Cash Advance Fee2% of each cash advance amount (minimum of $2.50 capped at $150 per transaction)
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders1

Pros

  • 50,000 bonus Amplify Points when you apply and get approved by 2 October 2019 and spend $6,000 on eligible purchases within 12 months from card approval. An additional 50,000 points when you spend $6,000 within the subsequent year
  • 0% p.a. balance transfer offer for the first 6 months
  • Earn uncapped rewards points on eligible purchases.
  • This card comes with complimentary travel insurances.

Cons

  • A relatively high variable cash advance rate of 21.49% p.a. applies after the promotional balance transfer period.
Rewards ProgramAmplify Rewards
Bonus Points100,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the Bank of Melbourne Amplify Platinum

  • Up to 100,000 bonus points offer. Apply for a Bank of Melbourne Amplify Platinum by 2 October 2019 and spend $6,000 on eligible purchases within the first 12 months from card approval to receive 50,000 bonus Amplify Points. Spend another $6,000 in the subsequent year to receive an additional 50,000 bonus Amplify Points (total 100,000 points).
  • Rewards points. Enjoy uncapped points potential and earn 1 Amplify Point per $1 spent on eligible transactions.
  • Balance transfer offer. New customers who apply by 2 October 2019 repay their debt and save with 0% p.a. interest on balance transfers for the first 6 months. After the promotional period, any balances remaining will be charged at the variable cash advance rate. You can transfer up to 80% of your approved credit limit from up to 3 non-Bank of Melbourne, BankSA or St.George credit cards. You won't earn points on balance transfers.
  • Complimentary travel insurance. Save and travel with peace of mind thanks to complimentary international travel insurance for trips up to 3 months for you, your spouse and any dependent children travelling with you. You'll be covered for emergency and medical services, travel delay, lost luggage and more. You must use your card to pay for at least $500 of your prepaid travel costs to activate the insurance. Eligibility requirements, exclusions and other conditions apply.
  • Extended warranty. When you use your Amplify Platinum card to purchase an item that has a manufacturer's warranty, you will get an extended warranty that will come into effect when the manufacturer's warranty ends.
  • 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.
  • Personal concierge service. Your concierge service can help you with everything from booking restaurant reservations and concert tickets to making travel plans and more.

Features of the Bank of Melbourne Amplify Platinum

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

  • Annual fee. This card charges an annual fee of $99.
  • Purchase rate. This card charges a 19.74% p.a. interest rate on purchases (variable).
  • Available cash advances. You can choose to withdraw cash from your account at a 21.49% p.a. variable cash advance rate if you need cash on hand.
  • 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 $80,000.
  • Up to 55 days of interest-free purchases. When you pay off your credit card's balance by the statement due date, you'll be eligible to receive up to 55 days interest-free on purchases.

How to apply for the Bank of Melbourne Amplify Platinum

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

  • Age. You must be at least 18 years of age to apply.
  • Residency. This card is available to permanent Australian residents or citizens.
  • Good credit score. Have good credit history with no defaults or bad debt.

Required documents

  • Personal information. Including your full name, date of birth, residential address and contact information.
  • Proof of identification. To verify your identity you'll need a valid Australian driver's license, passport, Medicare card or birth certificate.
  • Income. You'll need to provide payslips or similar financial documents on hand to confirm your income. This will include supplemental income information like rent from rental properties.
  • Employment. You'll need to confirm your current place of employment and provide your employer's contact details. If you're self-employed, you may need to provide your tax information and your accountant's contact details.
  • Finances. This includes savings and assets as well as debts and liabilities.
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13 Responses

  1. Default Gravatar
    PkDecember 17, 2018

    How do I apply for this card? I don’t see any link to it. Can someone please redirect to that link?

    • Avatarfinder Customer Care
      JhezDecember 19, 2018Staff

      Hello Pk,

      Thank you for your comment.

      To apply for the Bank of Melbourne Amplify Platinum, please click the Go to Site (green) button above. It will redirect you to the issuer’s website.

      Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  2. Default Gravatar
    ShakJuly 16, 2018

    If I have a card with 50 k limit,can I purchase a vehicle worth 40k using credit card and earn all the points?
    I am certain to pay it off within 3 months for discussion sake.

    • Avatarfinder Customer Care
      NikkiJuly 17, 2018Staff

      Hi Shak,

      Thanks for getting in touch.

      Yes, it is possible to purchase a car using a credit card with sufficient balance. However, to earn the 50k bonus points will depend on how your car purchase is processed. One thing you can do is ask the car store what credit cards they accept and how they process credit card transactions. Please note that for BOM Amplify Platinum, eligible purchases do not include BPAY or BPAY equivalent transactions, fees, cash, cash equivalent transactions, refunds and balance transfers debited from the card account. To get more information, you can call the bank or read the terms and conditions of the card.

      Hope this helps!

      Nikki

  3. Avatarfinder Customer Care
    NikkiJune 27, 2018Staff

    Hi Ranko,

    Thanks for getting in touch!

    Here’s a breakdown of your questions.

    #1 How much is the balance transfer interest rate?

    – This card is not a Balance Transfer Credit Card

    #2 How many Qantas points do I get? Is there any conditions that preclude me from getting these points?

    – Amplify Qantas. Earn 1 Qantas Points per $1 spent on eligible transactions, uncapped.
    – LIMITED OFFER: Apply for a Bank of Melbourne Amplify Platinum Credit Card by 26 September 2018 and spend $2,000 on eligible purchases within 90 days of card approval to receive 50,000 bonus Qantas points.

    #3 I currently have a St George visa & Anz, How much would I have to spend to get these points?

    – This would be dependent on the specific card you have with these providers. You may also check this on their respective websites.

    Hope the answers above was helpful.

    Regards,
    Nikki

  4. Default Gravatar
    ToniSeptember 4, 2017

    What does travel insurance cover me for if I apply for a BOM platinum card

    • Avatarfinder Customer Care
      JoanneSeptember 4, 2017Staff

      Thank you for contacting finder.
      If you’re a current Bank of Melbourne Gold or Platinum cardholder, you, your spouse and any dependent children you may have are entitled to international travel insurance as long as all persons are 80 years of age or younger.
      For a more detailed information kindly click on this link
      Best Regards,
      Joanne

  5. Default Gravatar
    dJune 2, 2017

    What’s the deal on Qantas FF points? 1 point for every $ spent? Does this include bills paid? The site is vague.

    • Avatarfinder Customer Care
      RenchJune 2, 2017Staff

      Hi D Wills,

      Thanks for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer a general advice.

      For Bank of Melbourne Amplify Platinum Credit Card, you can choose between two rewards programs:

      1. Amplify Rewards – 1 Amplify Point (per $1 spent on eligible transactions)
      *For overseas transactions – 2 points per $1 spent
      2. Amplify Qantas – 0.5 Qantas Point (per $1 spent on eligible transactions)
      *For overseas transactions – 1 Qantas Point per $1 spent

      You can view the list of eligible transactions by visiting Qantas official site.

      For your question, if it includes bill payments, it will depend on the card that you are using. Please visit this page to see further info.

      Hope this information helped.

      Cheers,
      Rench

  6. Default Gravatar
    CharlesMay 20, 2017

    Are BPAY payments considered as eligible purchases?

    • Avatarfinder Customer Care
      JasonMay 20, 2017Staff

      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

  7. Default Gravatar
    RobinApril 1, 2015

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

    • Avatarfinder Customer Care
      JonathanApril 1, 2015Staff

      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

Credit Cards Comparison

Rates last updated May 24th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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