In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Bank of Melbourne Amplify Business Credit Card

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Bank of Melbourne Amplify Business Credit Card
Terms and conditions apply
Purchase rate
19.49% p.a.
Reward point per $ spent
1
Annual fee for the first year ($89 p.a. thereafter)
$0 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers a choice of Amplify Points or Qantas Points on your spending and a $0 first-year annual fee, which goes to $89 after that.

The Bank of Melbourne Amplify Business Credit Card offers both rewards and expense management features, including expense reports for MYOB, BAS and Excel. The $0 first-year annual fee also saves you $89 on the annual fee that applies from the second year on – which is still relatively low for a business credit card. There is also no additional cardholder fee, but you can only request up to 3 additional cardholders. As other business credit cards offer more cards for employees, make sure you consider who will need access to the account when you're comparing your options.

Pros

  • $0 first-year annual fee
  • Choice of earning Amplify Points or Qantas Points on all eligible spending
  • Complimentary unauthorised transaction insurance

Cons

  • Up to 3 additional cardholders could be limiting for some businesses
  • No complimentary travel insurance

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Bank of Melbourne Amplify Business Credit Card gives you access to complimentary unauthorised transaction insurance for the account and transit accident insurance for eligible travel. It also offers up to 55 days interest-free on purchases when you pay the total amount listed on your statement by the due date. Otherwise, a 19.49% p.a. variable interest rate applies to purchases. Keep this in mind if you plan to pay off business spending over a few months, as some business credit cards offer lower rates.

Details

Product details

Product Name Bank of Melbourne Amplify Business Credit Card
Purchase rate p.a. 19.49%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 20.24%
Min credit limit $1,000
Max credit limit $20,000
Card type Visa

Eligibility

Available to temporary residents No
Joint application No

Rewards

Rewards program Amplify Rewards / Qantas Frequent Flyer
Bonus points N/A
Rewards points per $ spent 1

Fees

Annual fee $0 first year ($89 after)
Late payment fee $0
Foreign currency conversion fee 3%
Cash advance fee 3%
Overseas cash advance fee 3% of each cash advance amount
Additional cardholder fee $0
Number of additional cardholders 3

How to apply

You can apply for the Bank of Melbourne Amplify Business Credit Card online in around 10-20 minutes. To get started, check if you meet the eligibility criteria and have the documents and details needed to complete the application.

Eligibility criteria

  • Business spending. You must agree to use this card wholly or predominantly for business expenditure.
  • Residency status. You must be an Australian resident or citizen to apply for this card. You'll also need to provide a valid Australian residential address.

Card benefits

  • $0 first-year annual fee. The Bank of Melbourne Amplify Business Credit Card offers a first-year annual fee waiver, which saves you $89 on the annual fee that applies from the second year.
  • Rewards program. This card offers uncapped points per $1 on eligible spending, with different earn rates based on the rewards program and type of spending. With Amplify Rewards, you'll earn 1 point per $1 on eligible spending in Australia, 2 points per $1 on eligible overseas spending and 0.5 points per $1 on government payments. With Amplify Qantas, you'll earn 0.5 Qantas Points per $1 on eligible spending in Australia, 1 Qantas Point per $1 on eligible overseas spending and 0.25 Qantas Points per $1 on government payments.

Rates & fees

  • Annual fee. Outside of any promotions, the Bank of Melbourne Amplify Business Credit Card has a $89 annual fee. This is at the low end of the scale for business cards, which typically have annual fees ranging from $40 to $1,750.
  • Additional cardholders. You can add up to 3 additional card for employees. Unlike some business cards, there is no additional cardholder fee.

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