Bank of Melbourne Amplify Signature – Qantas – Rates and Fees

Earn 80,000 bonus Qantas Points and save with a discounted annual fee in the first year with the Amplify Signature card.

When you apply for a new Bank of Melbourne Amplify Signature card by 23 January 2019 and spend at least $4,000 in the first 90 days from card approval, you will be eligible for 80,000 bonus Qantas Points. Plus, you can take advantage of a reduced annual fee of $179 in the first year.

This card also comes with 2 yearly Qantas lounge passes, complimentary insurance covers and concierge service. Find out more here. If you prefer to earn Amplify Points for your spending, you can check out our review of the Bank of Melbourne Amplify Signature card.

Product NameBank of Melbourne Amplify Signature - Qantas
Rewards ProgramQantas Frequent Flyer
Purchase rate (p.a.)19.49% p.a.
Offer end date23 January 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.)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 upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened.
$80,000
Card TypeVisa
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
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationYes
Annual fee$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Minimum Monthly Repayment2% or $10, whichever is greater
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
Cash Advance Fee2%
Overseas Cash Advance Fee2% of the value of the transaction or minimum charge of $2.50
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders1
Rewards ProgramQantas Frequent Flyer
Bonus Points80,000 bonus points
Rewards Points per $ spent (VISA/MC)0.75
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the Bank of Melbourne Amplify Signature - Qantas

  • Bonus points. Enjoy 80,000 bonus Qantas Points when you apply by 23 January 2019, are approved for a BoM Amplify Signature - Qantas card and spend $4,000 on eligible purchases within the first 90 days from approval.
  • Discounted annual fee in the first year. When you apply and are approved before 23 January 2019, you will be eligible for a reduced $179 annual fee in the first year, saving you $100.
  • Qantas Frequent Flyer Program. You will earn 0.75 Qantas Points for each dollar spent in Australia and overseas, uncapped. Plus, double points with Qantas Frequent Flyer Program partners.
  • Airport lounge passes. Cardholders receive 2 complimentary Qantas Lounge passes per year.
  • 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.

Features of the BoM Amplify Signature - Qantas

The above benefits of the Amplify Signature come with the following features:

  • Annual fee. This card charges an a standard annual fee of $279.
  • Interest rate. The variable purchase rate of the Amplify Signature is 19.49% 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. Get an additional cardholder for $0.

How to apply for the BoM Amplify Signature

You can apply for this 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 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, passport, or Medicare card 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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2 Responses

  1. Default Gravatar
    LindaOctober 15, 2018

    Hello,

    If I apply for this card do I have to wait 12 months before using free lounge passes?

    Regards,
    Linda

    • finder Customer Care
      JeniOctober 15, 2018Staff

      Hi Linda,

      Thank you for getting in touch with finder.

      Once you apply for this Bank of Melbourne Amplify Signature card and get approved, you may use the complimentary Qantas lounge pass right away. Please note that cardholders receive 2 complimentary Qantas lounge passes only per year.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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