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 22 May 2019 and spend at least $4,000 on eligible purchases in the first 90 days from card approval, you will receive 80,000 bonus Qantas Points. Plus, you can take advantage of a reduced annual fee of $179 in the first year and a 0% p.a. interest rate for the first 6 months on balance transfers.

This card also comes with 2 yearly Qantas lounge passes, complimentary insurance covers and concierge service. 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
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 date22 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 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$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)
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% or $2.50 (whichever is greater)
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

Pros

  • Receive 80,000 bonus Qantas Points when you spend $4,000 within 90 days from card approval.
  • Save $100 with a reduced annual fee of $179 in the first year.
  • 0% p.a. interest rate for 6 months on balance transfers.
  • Two complimentary airport lounge passes per year.

Cons

  • Both the purchase rate and cash advance rate are relatively high.
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. Earn 80,000 bonus Qantas Points when you apply by 22 May 2019, are approved for a BoM Amplify Signature - Qantas card and spend $4,000 on eligible purchases within the first 90 days from approval. Bonus points will be credited to the account within 12 weeks of the spend requirement being met.
  • Discounted annual fee in the first year. When you apply and are approved before 22 May 2019, you will get 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.
  • 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 - Qantas

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

  • Annual fee. This card charges an a standard annual fee of $279.
  • Interest rate. The variable purchase rate of the Amplify Signature is 19.74% p.a.
  • Cash advance rate. Cash withdrawals and cash equivalent transactions accrue interest at the 21.49% p.a. cash advance rate (variable).
  • 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 and will receive a response in 60 seconds.

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 or older

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
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4 Responses

  1. Default Gravatar
    AdamJanuary 13, 2019

    If one was an Amplify credit cardholder with another bank previously, are they still eligible to apply and receive the points with Bank of Melbourne?

    • finder Customer Care
      JhezelynJanuary 15, 2019Staff

      Hello Adam,

      Thank you for your comment.

      According to the eligibility for the bonus points promotion, existing customers who currently hold an Amplify Platinum or Amplify Signature card issued by St.George, Bank of Melbourne or BankSA, or who have held one in the last 12 months, are not eligible for this offer.

      I hope this answered your inquiry. 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
    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

Credit Cards Comparison

Rates last updated April 19th, 2019
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0% p.a. for 14 months
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