Bank of Melbourne Amplify Signature Credit Card
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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 02 June 2020 and collect 130,000 bonus Amplify points in the first year when you spend at least $12,000 on eligible purchases.
0% p.a.
Balance transfer rate
for 6 months
200,000
Bonus points
19.74% p.a.
Purchase rate
1.5
Reward points
Per $ spent (Visa/Mastercard)
Details
| Product Name | Bank of Melbourne Amplify Signature |
|---|---|
| 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 | $139 p.a. annual fee for the first year ($279 p.a. thereafter) |
| Interest free period | 55 days |
| Cash advance rate (p.a.) | 21.49% p.a. |
| Min credit limit | $15,000 |
| Max credit limit | $80,000 |
| Card type | Visa |
| Foreign currency conversion fee (Visa/Mastercard) | 3% of transaction value |
| Complimentary travel insurance | Yes |
| Minimum age | 18 years of age |
|---|---|
| Available to temporary residents | Yes - Conditions apply |
| Joint application | Yes - Conditions apply |
Pros
- 130,000 bonus points in the first year and 70,000 bonus points in the second year (200,000 points total) when you spend at least $12,000 per year
- Reduced annual fee of $139 for the first year
- 2 complimentary airport lounge passes per year
- Complimentary overseas travel insurance for up to 6 months
Cons
- Spend requirement is high and staggered over 2 years
- A relatively high standard annual fee of $279 applies after the first year
- Charges a 3% of transaction value foreign transaction fee
| Rewards program | Amplify Rewards |
|---|---|
| Bonus Points | 200,000 bonus points |
| Rewards Points per $ spent (Visa/Mastercard) | 1.5 |
| Annual fee | $139 p.a. annual fee for the first year ($279 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% of transaction value |
| Cash Advance Fee | 2% or $2.50, whichever is greater |
| Additional cardholder fee | $0 |
| Number of Additional Cardholders | 1 |
Expert review
Review by
Amy Bradney-George
amy.bradney-george@finder.comAmy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.
