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Bank of Melbourne balance transfer credit card frequently asked questions

Want to consolidate your debt with a Bank of Melbourne balance transfer? Have all of your related questions answered here.

If you're struggling with debt on a high-interest credit card, a balance transfer with Bank of Melbourne is one way you could consolidate your debt and pay it off faster. While it can be a useful strategy, there are many terms and conditions you'll need to familiarise yourself with before conducting a balance transfer with Bank of Melbourne (or any other bank, for that matter). To make things easier for you, we've rounded up and answered some of the most common questions our users have around Bank of Melbourne balance transfers.

Bank of Melbourne Vertigo Platinum

0% p.a. for 24 months on balance transfers
with a one-time 1% balance transfer fee

Offer ends 18 April 2018

Eligibility criteria, terms and conditions, fees and charges apply

Bank of Melbourne Credit Card Offer

An introductory balance transfer offer that stacks up well with the market. Transfer of non-St.George and BankSA balances are allowed.

  • $99 p.a. annual fee.
  • 12.74% p.a. on purchases
  • 0.00% p.a. for 24 months with 1% BT fee on balance transfers
  • Cash advance rate of 21.49% p.a.
  • Up to 55 days interest free
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Bank of Melbourne balance transfer frequently asked questions

Comparison of Bank of Melbourne credit cards

Rates last updated December 13th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Bank of Melbourne Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$99 p.a.
Offers a long-term balance transfer, low ongoing purchase rate, complimentary travel insurance and access to a 24/7 personal concierge service.
Bank of Melbourne Vertigo Visa Credit Card
13.24% p.a.
0% p.a. for 18 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Save with a $0 first year annual fee and a 0% p.a. for 18 months balance transfer offer. Plus, up to 55 days interest-free on purchases.
Bank of Melbourne Amplify Platinum
19.49% p.a.
$99 p.a.
Receive 60,000 bonus Amplify or Qantas Points when you spend $3,000 within 90 days and earn up to 1.00 Amplify point per $1 spent.
Bank of Melbourne Amplify Signature
19.49% p.a.
$279 p.a.
Receive 90,000 bonus Amplify or Qantas Points when you spend $5,000 within 90 days and earn up to 1.50 Amplify points per $1 spent.
Bank of Melbourne Amplify Card
19.49% p.a.
0% p.a. for 18 months with 1% balance transfer fee
$79 p.a.
Take advantage of a 0% p.a. for 18 months balance transfer offer, earn 1 Amplify point per $1 spent and get up to 55 days interest-free on purchases.
Bank of Melbourne No Annual Fee Card
20.49% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Take advantage of a 0% p.a. for 12 months balance transfer, get up to 55 days interest-free on purchases and pay no annual fee for the life of the card.
Bank of Melbourne Corporate Mastercard
Experience a complete financial management system available online and the protection of complimentary insurances.
Bank of Melbourne Amplify Business Credit Card
0% p.a. for 12 months (reverts to 19.49% p.a.)
$0 p.a. annual fee for the first year ($89 p.a. thereafter)
Earn an uncapped 1 Amplify Rewards point per $1 spent in Australia and take advantage of 3 complimentary insurance covers.

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3 Responses

  1. Default Gravatar
    DIANEJanuary 13, 2015

    I have heard if you apply for cards etc and it gets declined this can be a black mark against your name. Also what is the interest rate after the 16 months ?

    • Staff
      ElizabethJanuary 13, 2015Staff

      Hi Diane,

      Thanks for your question.

      Each time you apply for a credit card the application will appear on your credit file, however this isn’t necessarily considered a ‘black mark’. It just means that other credit issuers will be able to see what you’ve applied for. After the 16-month period the cash advance rate, currently 21.49% p.a., will apply.

      I hope this has helped.

      Thanks,

      Elizabeth

  2. Default Gravatar
    JacquelineJanuary 8, 2012

    can I apply to transfer balance from my partners credit card to a new card under my name. He is currently studying full time so cannot apply with a permanent job/income. Or can I be guarantor with him applying?

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