Bank of Melbourne's credit card range can suit many different needs, with low rate and low fee cards that could help you save, rewards cards that earn points for your spending and platinum cards with perks such as complimentary insurance. Depending on when you apply, you could also enjoy an introductory 0% interest rate on balance transfers or purchases, or bonus points to boost your reward balance.
As well as offering credit cards for everyday spending, Bank of Melbourne provides business and corporate credit card options to help you manage your work finances. Use this guide to compare Bank of Melbourne credit cards and learn how you can apply for a Bank of Melbourne credit card from anywhere in Australia.
Bank of Melbourne Credit Card Offer
Bank of Melbourne Vertigo Classic
0% p.a. for 18 months on balance transfers
Offer ends 12 February 2020
Eligibility criteria, terms and conditions, fees and charges apply
Bank of Melbourne Credit Card Offer
Save with a long-term balance transfer offer, low annual fee and competitive purchase rate with this no-frills credit card from BoM.
0% p.a. for 18 months on balance transfers, with no BT fee
Purchase interest rate of 13.99% p.a. | Cash advance rate of 21.49% p.a.
Bank of Melbourne offers credit cards that cater to different lifestyles, budgets and spending habits. If you're interested in saving on credit card costs, you could consider the range of Bank of Melbourne low rate and no annual fee credit cards. Have deeper pockets or want more credit card benefits? Then maybe the Bank of Melbourne Amplify Rewards or Amplify Qantas cards will suit your needs. Plus, if you run a business, you could enjoy the convenience of a credit card for you and your employees with either the Bank of Melbourne Business Amplify or Bank of Melbourne Corporate Card.
Low rate credit cards
Bank of Melbourne offers both a standard and a platinum version of its low rate Vertigo Visa credit card. While both options offer a low variable interest rate for purchases, the Vertigo Platinum also comes with complimentary insurance covers, which can save you money and give you peace of mind.
No annual fee credit cards
The Bank of Melbourne No Annual Fee Credit Card is designed to give you the flexibility of a credit card without having to worry about paying a yearly fee for it. While no annual fee credit cards have a higher purchase rate than a low rate credit card, you still get interest-free days on purchases if you pay your monthly payment balance as listed on your statement by the due date.
Rewards credit cards
With a Bank of Melbourne Amplify credit card, you'll earn Amplify Points per $1 spent. Your points can then be redeemed for a range of rewards including travel bookings, gift cards or frequent flyer points with Velocity, Singapore Airlines KrisFlyer or Malaysia Airlines Enrich. If you'd prefer to earn Qantas Frequent Flyer points with a Bank of Melbourne credit card, you could opt-in to the Qantas Amplify program instead. Compare rewards credit cards by their annual fee, the earn rate and value-adding extras such as insurance so you can find one that works for you.
The benefits of banking with Bank of Melbourne
Here are some of the features and services you can look forward to with a Bank of Melbourne credit card:
Westpac Group ATM access
You can use your Bank of Melbourne credit card for free at one of the hundreds of Bank of Melbourne ATMs throughout Victoria. Along with St.George and BankSA, Bank of Melbourne operates under the Westpac Group. If you’re away from home, you can still use St.George and BankSA ATMs free of charge as well — you don’t have to stay in Victoria to benefit from banking with the Bank of Melbourne.
Mobile payment and banking options
Register your Bank of Melbourne credit card for online banking so you can repay your account, make payments to accounts in Australia and overseas and view statements anywhere, anytime. This also means you can make contactless payments using an eligible device when you link your Bank of Melbourne credit card to Apple Pay, Samsung Pay or Google Pay.
The Birthday Bonus is a feature of the Bank of Melbourne Amplify Signature Visa Card and gives you an additional 10% of the points you’ve earned per $1 spent within the previous 12 months. Note that this bonus does not factor in any other bonus points you may have earned in that time.
Rewards program options – Amplify Rewards or Amplify Qantas
Spend and be rewarded with Amplify Points or opt to earn Qantas Points instead when you get a Bank of Melbourne Amplify credit card. If you get an Amplify Platinum or Signature card, you can also enjoy complimentary travel insurance, higher point earn rates and other premium perks.
Visa purchase power
Visa is one of the most widely recognised credit card logos in the world, making it easy to purchase in person, online, over the phone and overseas.
How to compare Bank of Melbourne credit cards
Before applying for a Bank of Melbourne credit card, you’ll need to ask yourself the following questions:
What are the interest rates? It is not unusual for the interest rate on a cash advance to be slightly higher than the purchase rate, but it should be competitive to what other banks are offering.
How much is the cash advance fee? With the Bank of Melbourne, and all banks in the Westpac group, you are not charged a fee when using an ATM in their network. Fees can incur if you use a different bank’s ATM or if you make withdrawals overseas using your Visa credit card.
What is the rewards program like? Make sure that the rewards program compliments your existing spending patterns. If you don’t fly with Qantas or shop with any of Bank of Melbourne’s partners, then you’ll find it difficult to earn enough rewards to offset the costs of the card.
What is the annual fee? If the value of the rewards you earn doesn’t counteract the annual fee, then you’re not using the card to its full potential.
How to apply for a Bank of Melbourne credit card
You can apply for a Bank of Melbourne credit card online in around 10 minutes and should get a response within moments of submitting your completed application. Before you get started, make sure you meet the eligibility requirements and have all the relevant documents and details on hand.
Are you over 18 years old? You must be at least 18 years of age.
What is your Australian residency status? You must be an Australian permanent resident or citizen. Further conditions may apply if you want to get a credit card as a permanent resident.
Documents and details
Personal information. This includes your full name, date of birth, residential address, email address and contact number. You'll also need to provide a valid form of ID, such as your driver's licence, Medicare card, passport or Australian birth certificate.
Employment information. You'll need to provide details of your current employment circumstances, such as your role, salary and your employer's name and contact details.
Other financial information. This includes any other form of income you receive, as well as assets such as savings or investments. You'll also need to provide details of any debts or existing credit card accounts, as well as ongoing expenses such as rent, bills and groceries.
Balance transfer details. If you want to take advantage of a balance transfer offer on a Bank of Melbourne credit card, you will need to provide details of the existing debt, including the account number, the financial institution and the amount you want to transfer.
Bank of Melbourne offers you a choice of credit cards to suit many different goals. You can compare the features and costs of these cards with for a range of other options to help you find one that works for you.
Frequently asked questions
If you want to know more about Bank of Melbourne credit cards, check out these answers to frequently asked questions. If you still can’t find what you’re looking for, get in touch with us using the form at the bottom of the page.
Once you complete and submit your application for a Bank of Melbourne credit card, you should get an email back from the bank within minutes. The Bank of Melbourne will let you know about the status of your application, which can be approved, declined, or conditionally approved. Conditional approval means you need to provide more information to the bank (like payslips for example) before you can be fully approved.
The email from the bank will also have your application reference number. You can use this number to check on the status of your credit card application.
If you have been approved for a credit card, you should receive your credit card within two weeks. You can elect to pick it up from a branch or you can have it sent to your home address. Once you get your card, activate it by calling the Bank of Melbourne (if you collect the card from a branch they will activate it for you when you pick it up).
If you have not heard from the bank following the submission of your application, call a customer service representative on 13 22 66, Monday to Saturday between 8AM and 8PM.
Every credit card has a minimum monthly repayment. In other words, this is the minimum amount you have to pay off your credit card each statement period (if you’re carrying a debt).
You can find the minimum repayment information for each Bank of Melbourne credit card on our review pages.
The minimum monthly repayment must be made by the date shown on your Bank of Melbourne credit card statement, otherwise a late fee will be charged.
If you would like to transfer your credit card debt to a Bank of Melbourne credit card, you can do so when you apply online. You can also transfer a balance to an existing Bank of Melbourne credit card by completing a balance transfer request form. This form is available from the Bank of Melbourne website or Bank of Melbourne internet banking facility.
The following balance transfer limits apply.
You can transfer as little as $200.
You can transfer up to 80% on your new Bank of Melbourne credit card.
Balance transfers will not be accepted from other Bank of Melbourne, St.George or BankSA credit cards. You can transfer from any other credit, store and charge card issued in Australia.
The balance transfer period starts when the credit card is activated. Allow up to 14 days for the balance transfer to be processed once you activate your Bank of Melbourne credit card.
You can apply for a supplementary card when you first apply for the Bank of Melbourne credit card. You can also add an additional card to your account after you’ve applied by downloading, completing and sending in an Additional Cardholder Application Form. This is found on the Bank of Melbourne website. Each additional cardholder must be over the age of 16 and must be an Australian resident.
Have a look at our Bank of Melbourne credit card review pages for information about how many additional cardholders you can add to your Bank of Melbourne credit card account.
To prevent liability for fraudulent use of your credit card, you need to get in touch with the Bank of Melbourne as soon as you know that your card has been lost or stolen. The bank will block your credit card right away and make sure that a replacement is sent out to you.
The Bank of Melbourne can be contacted 24 hours a day, 7 days a week.
If you’re calling from within Australia: 1800 772 266
If you’re calling from overseas: +61 3 8536 7870
If you’re overseas and you’re stuck without cash, you can contact Visa or Mastercard to organise an emergency cash advance. The funds in your account can be made available for you to collect from a local merchant while you wait for a replacement card to be sent out to you.
Bank of Melbourne monitors your account 24/7 using a fraud detection service. If an unusual transaction appears on your account, like a purchase in a foreign country, Bank of Melbourne will attempt to contact you to confirm that it’s you carrying out the transaction and not someone else. If they can’t reach you to verify the transaction, your account will be blocked to prevent further use. In the event that it was actually you who carried out the transaction, a call to Bank of Melbourne is all it takes to get your credit card operating normally again.
You’re also protected by the Visa Zero Liability Policy. If you’re the victim of credit card fraud when you use your card to shop online or to make purchases over the counter, Visa and the Bank of Melbourne will fully reimburse you the defrauded amount as long as you have not contributed to the loss and you contact Visa and the Bank of Melbourne immediately.
Bank of Melbourne will assign you a credit limit when you first apply for a credit card. This credit limit is how much the bank is willing to lend to you and is based on how much you can afford to repay.
Each credit card from the Bank of Melbourne has a maximum and a minimum credit limit.
You can apply for a credit limit increase once you’ve had your Bank of Melbourne credit card for six months, and you mustn’t have requested a credit limit increase in the last six months.
You can request a credit limit increase online through your Bank of Melbourne internet banking facility or by sending in a Credit Limit Increase Application Form. You can also request a credit limit increase over the phone by calling Bank of Melbourne on 13 22 66.
If you want a lower credit limit than what you’ve been granted, speak to a Bank of Melbourne representative on 13 22 66 and ask for a credit limit decrease. You can do this at any time.
Bank of Melbourne Amplify Rewards credit cards also allow you get rewarded with Qantas Points if you’re a member of the Qantas frequent flyer program. This can be a great way to keep your Qantas Points balance growing. You can elect to opt-in to the Qantas Program when you apply for the credit card, or you can opt-in once you’ve got your card by completing a Program Switch Request form. This is found on the Bank of Melbourne website.
If you switch from the Amplify Rewards Program to the Qantas Program, you have 90 days to use Amplify Points before they expire.
Any points you have accrued with the Amplify Program cannot be transferred to your Qantas membership.
If you would like to cancel your Bank of Melbourne credit card and close your account, you can do so at any time by calling a Bank of Melbourne customer service representative on 13 22 66 between 8am and 8pm Monday to Saturday. Just make sure you’ve paid the card’s balance in full before you decide to close the account.
Bank of Melbourne operates under the Westpac umbrella along with St.George and BankSA. It is based in Victoria, where there are hundreds of Bank of Melbourne branches, banking centres and ATMs. As a result of their parent company Westpac, you will find that they share many of the same credit products as the big bank and its sister financial institutions. This includes offers like rewards credit cards with Amplify points and balance transfer deals. You don’t have to be a Victorian resident to apply for a Bank of Melbourne credit card though as their products are available for all eligible applicants in Australia. This includes a special promotional offer of zero interest when you open a new charge account and transfer your balances. The amount of time you have to pay that balance off will depend on the type of card you choose.
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