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On website
Bank of Melbourne Amplify Platinum Credit Card (Amplify)
Balance transfer
24 months at 0% p.a.
Purchase rate
19.49% p.a. ongoing
Annual fee
$49.00 for 1st year
Highlights
- Earn up to 100,000 bonus Amplify Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
- 0% for 24 months on balance transfers with a 1% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
- $49 p.a. annual fee for the first year ($124 p.a. annual fee thereafter)
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Below Average, Fair, Good, Very Good, Excellent
Minimum Income
N/A
Temporary Residents Accepted
Yes
Additional cardholders
Additional Cardholders
1
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$6,000.00
Maximum Credit Limit
$80,000.00
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%
Balance transfers
Balance transfer offer
Balance Transfer Rate
0%
Balance Transfer Period
24 months
Balance Transfer Fee Percentage
1%
Balance transfer conditions
Balance Transfer From Personal Loan
No
Balance Transfer Limit Percentage
80%
Balance Transfer Revert Rate
21.49%
Rates, fees, charges
Cash advances
Cash Advance Rate
21.49% p.a.
Cash Advance Fee
N/A
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
19.49% p.a.
Account fees
Annual Fee Initial Year
$49.00
Annual Fee Ongoing
$124.00
Dishonour Fee
N/A
Duplicate Statement Fee
N/A
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$15.00
Rewards
Rewards program basics
Rewards Program
Amplify Rewards
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
None
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
1
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
1
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
Yes
Cardholder's International Travel Insurance
Yes
Cardholder's Interstate Flight Inconvenience
Yes
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
Yes
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No
Our review
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The basics
- Additional cardholders. The Amplify Platinum Credit Card allows one additional cardholder for free. You will be responsible for managing the account and repayments.
- Digital wallets. Amplify is compatible with Apple Pay, Google Pay, and Samsung Pay digital wallets.
- Gambling transactions. Bank of Melbourne has blocked gambling transactions from being made with the Amplify Platinum Credit Card.
Rewards and benefits
- Complimentary travel insurance. The Bank of Melbourne Amplify Platinum Credit Card comes with complimentary international travel insurance. To be eligible for cover, the card must have been used to pay for the cost of a journey prior to leaving Australia. Eligibility criteria apply.
- Concierge services. The Bank of Melbourne Amplify Platinum Credit Card does not offer a concierge service.
- Rewards points. The Bank of Melbourne Amplify Platinum Credit Card offers the Amplify Rewards program which allows cardholders to earn 1 point per $1 spent in the rewards program on eligible purchases, both domestically and overseas. Points do not expire as long as your account is open and in good standing.
- Sign-up bonus. Bank of Melbourne offers a signup bonus of 100,000 Amplify points when you spend $3,000 on eligible purchases within the first 90 days.
Rates and fees
- Annual fee. Get a discounted first-year annual fee of $49 which reverts to an ongoing annual fee of $124.
- Balance transfers. This credit card offers a 0% introductory balance transfer rate for 24 months. There is a 1% balance transfer fee and a maximum balance transfer limit of 80%. After the promotional period ends, the revert interest rate of 21.49% applies.
- Cash advances. If you make a cash advance, you will be charged interest at the rate of 21.49% p.a., which will begin to accrue immediately. There is a one-off fee for each cash advance made with this card.
- Foreign exchange fee. Transactions made in a foreign currency will incur a 3% fee.
- Interest-free period. Amplify Platinum Cardholders enjoy up to 55 days interest-free on all purchases except cash advances if your previous balance has been paid in full or the minimum required payment has been made.
- Purchases. The Bank of Melbourne Amplify Platinum Credit Card does not have any introductory offer on purchases. Purchases will be charged interest at the rate of 19.49% p.a.
Reviewed by Credit Card Compare Staff
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