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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 balance transfer frequently asked questions

Comparison of Bank of Melbourne credit cards

Rates last updated August 21st, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Bank of Melbourne Vertigo Visa Credit Card
13.74% p.a.
0% p.a. for 16 months
$55 p.a.
Enjoy 0% p.a. interest for up to 16 months on balance transfers with no BT fee. Plus, a competitively low annual fee.
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 Amplify Platinum
19.49% p.a.
$99 p.a.
Earn 50,000 bonus Amplify or Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas Points or 1 Amplify Point per $1 spent.
Bank of Melbourne Amplify Card
19.49% p.a.
3% p.a. for 36 months
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Take advantage of a 3% p.a. for 36 months balance transfer offer, Amplify or Qantas points per $1 spent and enjoy a $0 annual fee for the first year.
Bank of Melbourne Amplify Signature
19.49% p.a.
$279 p.a.
Get 90,000 bonus Amplify or Qantas Points when you spend $4,000 within 90 days and earn up to 1.5 Amplify or 0.75 Qantas Points per $1 spent.
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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Citi Clear Platinum - Exclusive Offer

Interest rate

14.99

Annual fee

49*

*$99 p.a. after first year

Westpac Low Rate Card

Interest rate

13.49

Annual fee

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*$59 p.a. after first year

Westpac Altitude Platinum Card - Qantas

Interest rate

20.24

Annual fee

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*$200 p.a. after first year

ANZ Low Rate

Interest rate

12.49

Annual fee

58

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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 ?

    • finder Customer Care
      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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