Bank of Melbourne Amplify Credit Card | Review & Apply

Bank of Melbourne Amplify Credit Card

My monthly spend: 
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
Bank of Melbourne Amplify Credit Card
Apply by 22 may 19
4 reviews
Bank of Melbourne Amplify Credit Card
0% p.a. for 14 months on purchases.
Flexibility to choose the rewards program that better suits you.
Up to 55 days on purchases.
Add to comparison
Amplify QantasAmplify Rewards
Amplify Qantas or Amplify Rewards
0.5 pts
per $1 spent

Pros & cons

What's good?

What's not so good?

0% p.a. for 14 months on purchases.
Flexibility to choose the rewards program that better suits you.
Free Qantas Frequent Flyer joining fee of $99.50 for newcomers (for a limited time offer only).
Up to 55 days on purchases.
No cap on the number of points you can earn.
Get an extra card for an additional cardholder at no extra cost.
Not the best points earning ratio for each dollar you spend for Qantas.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the Bank of Melbourne Amplify Credit CardReviewed by Yvonne Taylor

Not too many credit cards offer the flexibility to choose between a frequent flyer program and a standard rewards program, and even switch back and forth between the two as the need arises. But the Bank of Melbourne Amplify Credit Card does exactly that. The points earning rate is not the best, but, given the moderate annual fee and some less obvious built-in benefits, this card provides an excellent opportunity to find out whether earning points is a good fit for you.

Long 0 percent p.a. interest period on purchases – another good reason to switch

There’s no zero-interest balance transfer on offer with this card, but there is an introductory offer which may suit you even more – 14 months at 0 percent p.a. on purchases. This means that for the first 14 months of holding the card, you can, if you choose, make only the 2 percent minimum monthly repayments.

However, it’s important to make sure you don’t spend amounts that you won’t be able to repay at the end of 14 months, because any balance left unpaid at the end of that period will start attracting interest at the unpleasant ongoing purchases interest rate of 19.74% p.a..

The best approach would be to put an amount equal to your purchases total for each month into a savings account or mortgage offset account. At the end of 14 months you can withdraw a lump sum to cover your debt, and pocket the interest you have earned or saved.

Flexible points earning

The rewards program on offer with this card is probably the most flexible in the market, and flexibility is important because it allows you to take advantage of special offers as they arise as well as changing direction in your points earning to suit your current needs. You’ll be asked to make an initial choice between Qantas Frequent Flyer Points the bank’s own Amplify Rewards, but after that, you can apply to switch between the two programs whenever you need to, although points you have already earned cannot be transferred from one program to the other.

Less-than-stellar standard points earning rate

You’ll earn 1.0 Amplify points or 0.5 Qantas points per dollar spent on purchases. Compared with other cards it’s far from being a high earning rate, but you won’t need to spend all that much before you’ve recouped the cost of the moderate $79 annual fee.

For example, you’d need to spend $11,100 to earn a $50 eGift shopping card through Amplify Rewards, which is an equivalent return of 0.5 cents per dollar spent. Many other rewards cards have a much higher fee.

Redeeming Amplify Rewards points

Earning points can be tedious, but there’s nothing boring about spending them, especially through Amplify Rewards which offers a wide range of choices. You can choose the store gift cards already mentioned, homewares, fashion and beauty products, sporting goods, technology, toys and travel, including holidays and domestic and international flights with nearly 30 airlines.

You can even choose to transfer your Amplify points to your frequent flyer account with Virgin Australia, Singapore Airlines or Malaysia Airlines, currently at the rate of two Amplify points per airline point. And if you don’t have enough Amplify points to redeem for your chosen product, you can choose a combination of paying with points and cash.

Redeeming Qantas points

Alternatively, choose Qantas points and accrue, for example, 8,000 points (that’s $16,000 of spending) to redeem for an economy return flight between Sydney and Melbourne worth around $145 net of charges and taxes. That’s a return of about 0.9 cents per dollar spent.

You can also exchange Qantas points for flights with Jetstar and 35 partner airlines, Qantas flight upgrades, and gift cards and merchandise from the Qantas online store.

Other card benefits worth having

OK, so there are no insurance policies included with this card, which is not a bad thing if you don’t think you would use them. That’s because the annual fee would be much higher if ‘complimentary’ insurance cover was provided. There are, however, several other advantages which may not seem all that impressive to begin with, but they’re extremely useful and don’t come with every credit card:

  • 55 interest-free days on purchases each month. After the introductory offer on purchases expires, this still delivers an extra 132 days of credit each year when compared with less generous 44-day cards. (Note that the interest-free days will not apply if you do not repay your purchases balance in full after 14 months. You’ll temporarily be charged interest on each purchase from the transaction date, until you have repaid the debt in full.)
  • Supplementary cards for your family members at no extra cost. Some cards charge an extra annual fee for supplementary cards, but this one doesn’t.
  • Visa payWave, which allows you to make contactless purchases under $100 – no more time wasted inserting a card and entering a PIN.
  • Verified by Visa, making online shopping more secure with one-time passwords via SMS.
  • Optional email or SMS alerts to notify you when your repayment is due.
  • Optional Automatic Payment Plan, to pay the minimum amount, full amount or a specific amount each month. It’s convenient, and it means that you avoid late payment fees and unnecessary interest charges.

Avoid losing your card

Keep track of your card’s whereabouts at all times, not just for the security of your account, but because you’ll want to avoid the bank’s rather steep overseas card replacement fee. Lose your card in Australia and replacement is free, but hang onto it overseas, because a replacement there will cost you $52.50. And if you’re in a hurry (inevitable, if you’re overseas) you can add a further $45 for emergency courier costs.

Are there any other flexible rewards cards?

The Bank of Melbourne is in the same group as St. George and BankSA, so both these banks also have an Amplify credit card which lets you choose between a conventional rewards program and QFF points. Otherwise, the nearest equivalent is the Westpac Altitude range of cards, allowing you to take your pick between Qantas points and the bank’s Altitude Rewards points. However, the lowest level Altitude card is the platinum version with complimentary insurance policies and a much higher annual fee.

Who should consider this card?

Perhaps you’ve been using a credit card for a few years. You’re used to your current card, but you can’t help thinking that you’re missing out now that both your income and spending have risen, and you’re not getting anything back. Earning points can become an almost automatic process if you use your credit card at every possible opportunity, and redeeming them is a positive pleasure.

If you want to test the water without paying a huge fee ($79 is not bad for a rewards card) and be able to switch between a frequent flyer scheme and a wider-ranging rewards program, this card could be a good fit for you.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.4 out of 5.0 based on 4 reviews100% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Great rates and good rewards

Reviewed and recommended by Stephen on 04 Dec 2016

This card is well worth it for the bonuses and the rates offered when you have a bank account with them. The rate is quite good compared to other cards out there in the marketplace.

There are good ties into Virgin Velocity, with automatic monthly transfers.

The app is easy to use, as is the website.

Convenience, trust, and rewards

Reviewed and recommended by Philip on 26 Jun 2016

This is a great credit card from a trusted bank that earns us Qantas points at the same time. It has tap-and-go, which we love. I originally got it as part of a home loan package. Since refinancing home loans to another provider, we’ve kept this card. I’ve got a joint credit card with my wife for extra convenience. Friendly and helpful customer service

Remarkable rewards!

Reviewed and recommended by Elizabeth Byrne on 25 Sep 2015

Collecting points means collecting things we actually need and they’re free! An electric juicer for all the freshly squeezed organic oranges for my son in the mornings, iTunes vouchers for my passionate music loving partner, a new toaster when the old one burnt out, Bunnings vouchers for the ever expanding organic garden.

This credit card is mother’s little helper, or should I say spoiler!

Pretty good for a first credit card

Reviewed and recommended by amplifying on 06 Aug 2013

Pretty good for a first credit card. First months of low interest and reasonable annual fee….very flexible and handy. Didn’t like customer service phone calls a lot. I had the card for emergency but it became too accessible and handy, good tho because I chose a low limit. Good online banking too.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Amplify Qantas or Amplify Rewards
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $10 or 2%

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfersN/AN/AN/AN/A N/A
Purchases0% p.a.14 monthsN/AN/A 19.74% p.a.

Ongoing interest rates

Cash advances 1.79% 21.49% p.a.
Purchases 1.65% 19.74% p.a.


Annual fee
$79 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

Reward points expiry
Never as long as you keep your account active
Rewards program
Amplify Qantas or Amplify Rewards
Sign up bonus
Spend required for bonus points

Earning points with this card

Frequent flyer points
0.5 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular any weekly income
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are allowed
Temporary residents are eligible
Age Pension, Disability Pension and Widower's Pension are acceptable.
Family Tax Benefits and Parenting Payments is acceptable.
Austudy, Carer's Allowance, Child Support Payments and Foster Care Allowance are not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

Similar cards

More cards like this one

This card is listed in these comparisons

Featured in
Compare these cards: