- Earn 150,000 Bonus Amplify Rewards Points (worth up to $675 in eGift cards) when you spend $12,000 on eligible purchases in the first year.
Discounted first year annual fee of $199; $295 annual fee thereafter.
- Earn 1.5 Amplify points for every $1 spent on eligible purchases, uncapped
- Range of complimentary insurances such as interstate flight inconvenience insurance, extended warranty, up to 4 months purchase security cover, and transit accident insurance
- Complimentary International and Domestic Travel Insurance (including COVID-19 coverage effective 30 June 2022, T&Cs apply)
- 2 Priority Pass lounge visits per year with Amplify Rewards
- Visa Luxury Hotel Collection
- Get an additional cardholder at no extra cost
- Eligible with Apple Pay, Google Pay and Samsung Pay
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Bank of Melbourne Credit Cards
Bank of Melbourne Amplify Signature Credit Card
Updated 1 November 2024
Earn up to 150,000 Bonus Amplify Rewards Points (worth up to $675 in eGift cards) when you apply by 30 April 2025 and spend $12,000 on eligible purchases in the first year. Enjoy complimentary insurances, 2 Priority Pass lounge visits per year, and access to Visa’s Luxury Hotel Collection.
New cards only. T&Cs apply.
Points Earn Rate (per $1 spent)
1.5 points
AmplifyRewards Program
Amplify Rewards
Bonus Points
150,000 pts
Spend $12k on eligible purchases in the first year
Pros and cons
- To be eligible for entire bonus points offer, you have to spend $12k on eligible purchases each year over 2 years
Creditcard.com.au review
Editor Review
Bank of Melbourne Amplify Signature Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Looking for a prestige rewards card with plenty of perks? Touted as Bank of Melbourne’s ‘most rewarding credit card’, the Bank of Melbourne Amplify Signature Credit Card could be right up your alley.
It comes with an enticing introductory offer for new cardholders who apply and get approved by 30 April 2025 - 150,000 Bonus Points, discounted first year annual fee.
Not only does this card offer a pretty decent earn rate over two rewards programs, it also provides plenty of prestige extras and a whopping 150,000 bonus points as an introductory offer when you choose Amplify Rewards. Plus, enjoy a discounted first year annual fee ($96 in savings) If you want to earn Qantas points instead see the Bank of Melbourne Amplify Signature with Qantas. Want to find out more? Let’s dive in.
Point calculations are accurate as of 1 August 2024 but may be subject to change without notice. All routes may have additional taxes and charges. Check on the official Bank of Melbourne page for the updated calculations.
What we love...
First on the agenda is the intro offer. Quite simply, if you apply for the Bank of Melbourne Amplify Signature Credit Card and spend $12,000 in the first year on eligible purchases, you will be credited with 150,000 bonus Amplify points. This can get you up to $675 in eGift cards. To give you an idea, 11,100 Amplify Points can currently get you a $50 e-gift card from a range of merchants such as David Jones, Myer, Harvey Norman and many others.
Aside from bonus points, this introductory offer includes a discounted first year annual fee. New cardholders will be charged $199 card fee instead of the standard $295 - that's $96 in savings! The reduced first year card fee will be debited to your card account by the time you make your first transaction, and the full card fee will be debited annually, thereafter.
What’s not so great...
We really can’t talk about all the good bits without mentioning the bad bits. When it comes to the Bank of Melbourne Amplify Signature Credit Card, it’s worth bearing in mind the card has a significant annual fee, and relatively high rates of interest on purchases and cash advances.
To be eligible for the 150,000 bonus Amplify Points, you will need to spend at least $12,000 on eligible purchases in the first year. This is fine if you were planning on spending that amount anyway – and you pay it off before it attracts interest – but not so good if you are only spending to get the points in return.
Also, just note that you won't be eligible for the bonus points offer if you currently hold or have held an Amplify, Amplify Platinum or Amplify Signature card issued by Bank of Melbourne, St.George or BankSA in the last 12 months.
Why should you choose this card?
Choosing this card should come down to a balance of value. Do you pay out more than you get in return? Or is the outlay worth it in overall value? To help you weigh that up, here are some more of the card’s features that you might find beneficial.
As a cardholder, you will be given two Priority Pass lounge visits per year to any of more than 1300 participating airport lounges worldwide regardless of the class of travel or airline you're flying.
Cardholders also benefit from complimentary retail and travel insurances such as interstate flight inconvenience insurance, up to 6 months overseas travel insurance, extended warranty, up to 4 months purchase security cover, and transit accident insurance; automatic membership to Visa’s Luxury Hotel Collection; exclusive concierge services; up to 55 days interest free on purchases; and one free additional cardholder.
Overall Rating
A prestige rewards card offering a great earn rate over two rewards programs, an array of features and extras, up to 150,000 in bonus points, a discounted first year annual fee.
User reviews
Rates and fees
Interest rates
Purchase rate 20.99% p.a.
Cash advance rate 21.99% p.a.
Interest free period on purchases up to 55 days
Credit limits
Minimum credit limit $15,000
Maximum credit limit $80,000
Fees & repayments
Annual fee $295 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2% or $10, whichever is greater
Annual fee the first year $199
Cash advance fee 3%
Late payment fee $15
Rewards and points
Rewards program
Rewards Program
Amplify Rewards
Bonus points 150,000 points
Annual points cap uncapped
Bonus points spend criteria Spend $12k on eligible purchases in the first year
Earning points with this card
Amplify Rewards points 1.5 points per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 6 months
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Travel insurance underwritten by Allianz Australia Insurance Limited
Visa Luxury Hotel Collection
Eligible with Apple Pay, Google Pay and Samsung Pay
2 Priority Pass lounge visits per year
Overview
Bank of Melbourne Amplify Signature Credit Card
If you are interested in earning Qantas points instead please see the Bank of Melbourne Amplify Signature Credit Card with Qantas Rewards.
Disclaimer: The interest-free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest-free period for purchases, to be entitled to that interest-free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.
Key features
- Earn 150,000 bonus Amplify Rewards Points (worth up to $675 in eGift cards) when you spend $12,000 on eligible purchases in the first year.
- Discounted first-year annual fee of $199; $295 annual fee thereafter.
- Earn 1.5 Amplify points for every $1 spent on eligible purchases, uncapped
- Up to 55 days interest-free on purchases
- Range of complimentary insurances such as interstate flight inconvenience insurance, up to 6 months overseas travel insurance, extended warranty, up to 4 months purchase security cover, and transit accident insurance
- 2 Priority Pass lounge visits per year with Amplify Rewards
- Visa Luxury Hotel Collection
- Exclusive Concierge Services
- Free additional cardholder
- Eligible with Apple Pay, Google Pay and Samsung Pay
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Permanent resident in Australia/NZ OR; Non-resident or migrant that holds an acceptable Visa, with a minimum 1 year before expiry
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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