Bank of Melbourne Amplify Signature Credit Card – Rates and Fees

Information verified correct on December 5th, 2016
Bank of Melbourne Amplify Signature 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 30,000 bonus points and enjoy 0% p.a. for 18 months on balance transfers, 1% p.a. for 12 months on purchases plus competitive rewards with the BoM Amplify Signature Credit Card.

BoM Amplify Signature comes with a range of benefits for the cardholder, offering 1% p.a. for 12 months on purchases, a balance transfer promotion of 0% p.a. for 18 months and an annual fee waiver in the first year if you apply by 4 January 2017. You'll also receive 30,000 bonus Qantas or Amplify Points when you spend $2,500 within 90 days from card approval.

The credit card also comes with complimentary offers such as airport lounge passes for two every year, a personal concierge service, premium insurance covers and much more.

Product NameBank of Melbourne Amplify Signature
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.)
Balance Transfer Limit95% of available 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 ($279 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.
$15,000
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.
$75,000
Minimum Monthly Repayment2%
Minimum Income$75,000
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 InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$75,000
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.
$15,000
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.
$75,000
Annual Fee$0 p.a. annual fee for the first year ($279 p.a. thereafter)
Minimum Repayment2%
Late Payment Fee$9
Over Limit Fee$9
Cash Advance Fee2% of each cash advance amount and all transfers
Overseas Cash Advance Fee2% of each cash advance amount and all transfers
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-up30,000
Rewards Points per $ (VISA/MC)1.5
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Bank of Melbourne Amplify Signature Credit Card review

The Amplify Signature Credit Card by the BoM gives new applicants a chance to enjoy bonus points and a long term balance transfer rate of 0% p.a. for 18 months.

The credit card also offers competitive variable interest rates with a low interest offer of 1% p.a. for 12 months on purchases and a cash advance rate of 20.24% p.a.

Check out the full list of features and applicable fees to determine if the credit card is a valuable option for your needs.

Benefits of the Bank of Melbourne Amplify Signature Credit Card

  • Bonus points. Enjoy 30,000 bonus Amplify or Qantas Points if you apply for a BoM Amplify Signature Credit Card by 4 January 2017, are approved and spend $2,500 on eligible purchases within the first 90 days from card approval.
  • Balance transfer offer. Apply before 4 January 2017 and take advantage of the balance transfer offer of 0% p.a. for 18 months. After the introductory promotion has ended, the interest rate will revert to the standard purchase rate of 19.49% p.a.
  • Purchase rate offer. This card comes with 1% p.a. for 12 months on purchases. The promotional rate reverts to 19.49% p.a. after the offer has ended. Offer ends on 4 January 2017.
  • Amplify Rewards Program. With the Amplify Signature Card, you earn 1.500 points for every dollar spent on eligible purchases in Australia. You can also earn double reward points with 3 points offered for every dollar spent on eligible purchases overseas.
  • Amplify Qantas Rewards Program. If you choose Amplify Qantas Rewards, your reward points are transferred to your Qantas Frequent Flyer account which means that you need to be a member of the program. Points are earned as follows: 0.75 points for each dollar spent in Australia and 1.5 for each dollar spent overseas.
  • Switch between Amplify Qantas and Amplify Rewards. This credit card allows you to switch between both reward programs at any time. All you have to do is de-link the credit card from one program and link it to the other.
  • Annual fee. Get your annual fee waived in the first year ($279 every year afterwards) if you apply by 4 January 2017.
  • Overseas travel insurance. This travel insurance is eligible for persons up to the age of 80 years. It covers the cardholder, spouse and dependent children. The insurance policy is provided when the cardholder pays for return tickets and prepaid travel costs worth $500 using the credit card. Also available is a transit accident insurance policy.
  • Purchase security insurance. Purchase security insurance covers personal goods that have been purchased using the Signature Amplify card anywhere in the world. This insurance policy covers against accidental damage, loss and theft.
  • Extended warranty insurance. Extended warranty insurance is simply an extension of the Australian warranty and this is applied when the goods purchased have a warranty of fewer than 5 years.
  • Price guarantee cover. The cardholder is entitled to get the best rate and they can claim a refund on the price difference if an item they purchased is sold at a cheaper rate within a radius of 25km. This cover is valid for 21 days.

BoM Amplify Signature Credit Card features

The Amplify Signature Credit Card has various beneficial features available for cardholders, some of these include:

  • Complimentary airport lounge passes. Cardholders receive two Priority Pass Card member airport lounge passes every year.
  • Reward programs. Cardholders can choose between two reward programs and these are: Amplify Rewards and Amplify Qantas.
  • Complimentary insurances. There are four different insurance policies that you can access with this credit card. These are: overseas travel insurance, purchase security cover, extended warranty cover and transit accident insurance cover.
  • Uncapped reward points. There are no maximum limits on the amount of rewards points you can earn.
  • Fees. There are various fees that are charged and these include: card replacement fee, cash advance fee, foreign transaction fee and others.
  • Additional cardholder. Get an additional cardholder for $0.

How to apply for the BoM Amplify Signature Credit Card

You can apply for the BoM credit card online in just 15 minutes. If you already hold an account with the bank, your online banking credentials will pre-populate the application form.

Eligibility criteria

You can find the application criteria in the table below. To apply for the credit card, you will need to be:

  • An Australian resident
  • 18 years and above

Required documents

The following information is required to proceed with your application:

  • Your driver's license number (if available)
  • Income details (after tax)
  • Details of your savings, investments or assets
  • Liabilities
  • Tax information

You can save your application and complete it within a period of 30 days. If you wish to update your personal details as an existing account holder, you need to get in touch with the bank's customer care to make changes. Complete the online application to apply for this card.

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Credit Cards Comparison

Rates last updated December 5th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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