Bank of Melbourne Amplify Signature
- Earn up to 200,000 bonus Amplify Points
Discounted first year annual fee
Offer ends 22 May 2019
Eligibility criteria, terms and conditions, fees and charges apply
Earn up to 200,000 bonus Amplify Points and get a discounted annual fee in the first year with the BoM Amplify Signature credit card.
Apply for the Bank of Melbourne Amplify Signature by 22 May 2019 and collect 100,000 bonus Amplify points in the first year when you spend at least $12,000 on eligible purchases.
You can earn another 100,000 bonus points in the second year by once again spending $12,000 or more on eligible purchases during the year. As well as bonus points, this introductory offer includes a reduced annual fee of $179 in the first year ($279 p.a. thereafter). Check out the full review to get more details on the Bank of Melbourne Amplify Signature credit card, including earn rates, extras, fees and how to apply.
| Product Name | Bank of Melbourne Amplify Signature |
|---|---|
| Rewards Program | Amplify Rewards |
| Balance transfer rate | 0% 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 Limit | 80% of available credit limit |
| Purchase rate (p.a.) | 19.74% p.a. |
| Offer end date | 22 May 2019 |
| Annual fee | $179 p.a. annual fee for the first year ($279 p.a. thereafter) |
| 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. | $15,000 |
| 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 Type | Visa |
| 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 Insurance | Yes |
| Minimum Age | 18 years of age |
|---|---|
| Available To Temporary Residents | No |
| Joint Application | Yes |
| Annual fee | $179 p.a. annual fee for the first year ($279 p.a. thereafter) |
|---|---|
| Minimum Monthly Repayment | 2% 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 Fee | 2% of each cash advance amount (minimum of $2.50 capped at $150 per transaction) |
| Overseas Cash Advance Fee | 2% of each cash advance amount (minimum of $2.50 capped at $150 per transaction) |
| Gambling Transactions Allowed | Yes |
| Additional Cardholder Fee | $0 |
| Number of Additional Cardholders | 1 |
Pros
- 100,000 bonus Amplify points in the first year plus another 100,000 bonus points in the second year when you spend at least $12,000 on eligible purchases each year.
- Discounted $179 annual fee for the first year.
- 0% p.a. for 6 months on balance transfers.
- Stay protected with a complimentary travel insurance.
Cons
- Both the purchase interest rate and the cash advance rate are relatively high.
| Rewards Program | Amplify Rewards |
|---|---|
| Bonus Points | 200,000 bonus points |
| Rewards Points per $ spent (VISA/MC) | 1.5 |
| Rewards Points per $ (VISA/MC) Cap | Uncapped |
Benefits of the Bank of Melbourne Amplify Signature Credit Card
- 200,000 bonus Amplify points. Apply by 22 May 2019 to collect 100,000 bonus Amplify points in the first year plus another 100,000 bonus points in the second year (total of 200,000 points) when you spend at least $12,000 on eligible purchases each year. To give you an idea, 200,000 Amplify Points can be transferred to 100,000 Velocity Points. Points will be credited to the account within 12 weeks of the spend being met and earning bonus points in the second year is independent of earning the first year bonus points.
- Discounted annual fee in the first year. When you apply for this card and are approved before 22 May 2019, you will receive a $179 discounted first year annual fee, saving you $100.
- Amplify Rewards Program. With the Amplify Signature, you earn 1.5 points for every dollar spent on eligible purchases in Australia and overseas, uncapped.
- Airport lounge passes. Cardholders will receive 2 Priority Pass lounge visits per year when you enrol online.
- 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.
- Balance transfer offer. New customers who apply by 22 May 2019 can take advantage of a 0% p.a. interest rate for the first 6 months on balance transfers. After the promotional period, any balance remaining will be charged at the variable cash advance rate. Note that you cannot transfer balances from existing BankSA, Bank of Melbourne, or St.George credit cards.
Features of the BoM Amplify Signature
The above benefits of the Amplify Signature come with the following fees and features:
- Annual fee. Outside of any promotions, this card charges a standard annual fee of $279.
- Interest rate. The variable purchase rate of the Amplify Signature is 19.74% p.a.
- Cash advance rate. The variable cash advance rate is 21.49% p.a.
- Interest-free period. When you pay your statement balance in full, you can take advantage of up to 55 days interest-free on purchases.
- Foreign transaction fee. If you use this card overseas or online with international merchants, you will be charged a 3% foreign currency conversion fee.
- Additional cardholder. Add an additional cardholder for $0.
How to apply for the BoM Amplify Signature card
If you've compared your options and want to apply for the Bank of Melbourne Amplify Signature, you can fill out an online application form in around 10 minutes. Get started by making sure you meet the following eligibility requirements and have all the documents and details you'll need to complete the application.
Eligibility criteria
- Residency. You must be an Australian citizen or permanent resident.
- New cardholder. To take advantage of the bonus point offer on this card, you must not currently hold an Amplify Platinum or Amplify Signature credit card from Bank of Melbourne, St.George or BankSA. You also must not have held any of these accounts within the past 12 months.
- Age. You must be at least 18 years old to apply.
Required documents
- Personal details. This includes your full name, date of birth, email address, phone number, residential address, marital status and number of dependents. You also need to provide valid ID, such as your driver's licence, passport or Medicare card.
- Employment details. You need to provide details of your current employment status including your job title, length of employment, employer's contact details and your salary. You may also need to provide recent payslips, bank statements or payment summaries to verify your income.
- Financial details. This covers any other forms of income – such as pensions or government payments – as well as savings and other assets. You also need to share details of your existing debts, loans and credit cards, as well as estimates of your regular household expenses such as rent, mortgage payments, bills and groceries.
- Balance transfer details. If you want to take advantage of the balance transfer offer on this card, you need to provide details of the debt you want to move to the new account. This includes the total transfer amount, the account name, number and BSB.
WHERE DO YOU GO TO ON THE SITE TO APPLY?
Hello Gary,
Thank you for your comment.
To apply for the Bank of Melbourne Amplify Signature – Online Offer through finder, please click the Go to Site (green) button above.
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
Hi There,
Just wondering if anyone knows whether it is ok to do the Qantas bonus points offers across St George, Bank of Melbourne? I read the fine print and it’s not excluded specifically, but only now refers to “Amplify” program so not sure if this is across their entire group.
Thanks!
How long does it take the card to arrive?
Hi CJ,
Thanks for leaving a question on finder.
The card will arrive in 5-10 working days. If it takes longer than expected, please call them up to find out what is causing the delay.
Cheers,
Joel
Hi Sarah,
Thanks for getting in touch with finder.
Since you are enquiring about earning Qantas bonus points if not an Amplify Signature Credit Card user, you can also refer to this link https://www.finder.com.au/credit-cards/bank-of-melbourne-credit-cards. As you can read from the said page, cards which are not Amplify are not earning Qantas bonus points. You can see them when you look at the table to compare the credit cards and check under Rewards Program tab.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Jeni
Hi jeni,
Thanks for your reply. My question was more linked to whether you can have both the st George amplify qantas card and also the bank of Melbourne amplify Qantas card and they be considered separate and therefore you could get both 90,000 sign up bonuses if you had both cards.
Thanks
Hi Sarah,
Yes. You could get 90,000 points each on both new cards.
Please see links for your reference BOM https://www.finder.com.au/bank-of-melbourne-amplify-signature-credit-card and St. George https://www.finder.com.au/st-george-amplify-signature-qantas
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Jeni