Bank of Melbourne

Compare Bank of Melbourne credit cards, including sign-up bonuses, interest, fees, rewards earn rates and benefits. Make an informed decision about applying.

Bank of Melbourne credit cards

Bank of Melbourne Vertigo Visa Credit Card

On website

Apply by 31 July 2024

Bank of Melbourne Vertigo Visa Credit Card

Balance transfer

28 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Annual fee

$55.00 p.a. ongoing

Highlights

  • Receive up to $400 cashback on your supermarket purchase or benefit from 0% interest for 28 months on Balance Transfers with a 1% balance transfer fee. Reverts to a cash advance rate of 21.49% p.a.
  • 13.99% p.a. low variable interest rate on purchases.
  • Low annual fee of $55 p.a.

Pros

  • Get 10% cashback on your supermarket shop or 0% p.a. for 28 months on balance transfers with a 1% balance transfer fee.
  • 13.99% p.a. low variable interest rate on purchases.
  • Low annual fee of $55 p.a.

Cons

  • Balance transfer rate reverts to 21.49% p.a. after 28 months.
  • There are no rewards program for this card.
Bank of Melbourne Amplify Platinum Credit Card (Qantas)

On website

Apply by 31 July 2024

Bank of Melbourne Amplify Platinum Credit Card (Qantas)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$99.00 for 1st year

Highlights

  • Receive up to 70,000 bonus Amplify Points. Acquire 60,000 Qantas Points in the first year upon spending $3k+ on eligible purchases within the initial 90 days from new card approval, and an additional 10,000 points after your first eligible purchase in the second year.
  • Benefit from 0% interest for 24 months on balance transfers with a 1% balance transfer fee, reverting to the cash advance rate of 21.49% p.a.
  • Pay an annual fee of $99 for the first year ($124 thereafter).
  • Earn 0.5 points per $1 spent (uncapped). Plus, get a complimentary Qantas membership fee. Saving you $99.50!


From 1 January 2022, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. Bonus Qantas Bonus Qantas Points not included in the cap.

Pros

  • The 70,000 bonus Qantas Points.
  • 0% p.a. for 24 months on balance transfers.
  • Complimentary travel and purchase insurance.

Cons

  • There is a 1% balance transfer fee.
  • Points earning rate of 0.5 points is lower than others.
Bank of Melbourne Amplify Platinum Credit Card (Amplify)

On website

Apply by 31 July 2024

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

  • The 100,000 bonus Amplify Points.
  • 0% for 24 months on balance transfers.
  • Comes with complimentary insurance (terms, conditions, exclusions, and eligibility criteria apply).
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.

Cons

  • There is a 1% balance transfer fee. Other cards offer 0% balance transfer free.
Bank of Melbourne Amplify Signature Credit Card (Amplify)

On website

Apply by 31 July 2024

Bank of Melbourne Amplify Signature Credit Card (Amplify)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$199.00 for 1st year

Highlights

  • Receive up to 150,000 bonus Amplify Points when you apply by 31 July 2024, get approved, and spend $12,000 on eligible purchases within the first 12 months of card approval. Terms and Conditions apply.
  • 0% p.a. for 24 months on balance transfers with a 1% balance transfer fee on amounts transferred.
  • Includes complimentary overseas travel insurance for up to 6 months

Pros

  • The 150,000 bonus Amplify Rewards Points.
  • Discounted first-year annual fee of $199.
  • Includes complimentary overseas travel insurance for up to 6 months

Cons

  • There is a 1% balance transfer fee.
  • After the initial year, the annual fee reverts to $295 p.a.
Bank of Melbourne Amplify Signature Credit Card (Qantas)

On website

Apply by 31 July 2024

Bank of Melbourne Amplify Signature Credit Card (Qantas)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.49% p.a. ongoing

Annual fee

$295.00 p.a. ongoing

Highlights

  • Earn up to 90,000 bonus Qantas Points when you spend $6,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 24 months on balance transfers with 1% balance transfer fee on amounts transferred.
  • Enjoy 2 complimentary Qantas lounge visits each year.

Pros

  • The 90,000 bonus Qantas Points.
  • 0% p.a. for 24 months on balance transfers.
  • Includes complimentary overseas travel insurance for up to 6 months

Cons

  • There is a 1% balance transfer fee.
  • The ongoing annual fee is high at $295 p.a.

Bank of Melbourne, a key member alongside Westpac credit cards, ranks among Australia's most prominent regional banks. BOM offers a variety of credit cards suitable for everyday expenses alongside a selection tailored for business and corporate needs. Depending on the chosen card, customers can enjoy introductory offers of zero interest alongside benefits such as bonus points and cashback rewards. BOM welcomes anyone to open an account, despite its branch network being exclusively located in Victoria.

Types of Bank of Melbourne credit cards

Bank of Melbourne credit cards come in various types, each designed to cater to different financial needs and preferences. Here are some of the key types of credit cards offered by Bank of Melbourne:

  • Rewards credit cards: Bank of Melbourne offers rewards credit cards that allow cardholders to earn points on their everyday spending. These points can be redeemed for a variety of rewards, including frequent flyer points, merchandise, gift cards, and more.
  • Low rate credit cards: For those looking to save on interest costs, Bank of Melbourne provides low-interest credit card options with competitive rates and may be suitable for individuals who carry a balance on their cards.
  • Balance transfer credit cards: If you have existing credit card debt, Bank of Melbourne offers balance transfer credit cards that allow you to move your balances from other cards to a Bank of Melbourne card with a low or 0% introductory interest rate.
  • Platinum credit cards: Bank of Melbourne's platinum credit cards come with premium benefits such as complimentary insurance, concierge services, and higher points earning potential. These cards are designed for individuals who value luxury and exclusive perks.

Features of Bank of Melbourne Credit Cards

Bank of Melbourne credit cards come with a range of features that make them attractive options for different types of cardholders. Some common features of Bank of Melbourne credit cards include:

  • Rewards programs: Earn points on eligible purchases and redeem them for a variety of rewards.
  • Low annual fees: Some Bank of Melbourne credit cards have competitive annual fees.
  • Interest free period: Enjoy an interest-free period on purchases when you pay the full closing balance by the due date.
  • Balance transfer offers: Transfer balances from other credit cards to a Bank of Melbourne card at a promotional rate.
  • Bonus point offers: Earn bonus points when you meet specific spending requirements within a designated period.
  • Complimentary insurance: Some Bank of Melbourne cards offer complimentary travel insurance or purchases.
  • Contactless payments: Tap and pay with your Bank of Melbourne credit card for quick and convenient transactions.

How to Apply for a Bank of Melbourne credit card

Applying for a Bank of Melbourne credit card is straightforward, online or in-branch. Here are the general steps to apply for a Bank of Melbourne credit card:

  1. Choose a card: The Bank of Melbourne credit card best suits your financial needs and lifestyle.
  2. Check eligibility: Make sure you meet the eligibility criteria for the chosen credit card, such as minimum income requirements and credit history.
  3. Online application: Complete the online application form with your personal and financial details.
  4. Submit documents: Provide any required documentation to support your application, such as proof of income or identification.
  5. Approval process: The Bank of Melbourne will review your application and credit history for approval.
  6. Receive card: If approved, you will receive your Bank of Melbourne credit card in the mail.

Managing your Bank of Melbourne credit card

Once approved for a Bank of Melbourne credit card, it is essential to manage it responsibly to avoid unnecessary fees and maintain a good credit score. Here are some tips for managing your Bank of Melbourne credit card effectively:

  • Pay on time: Always pay at least the minimum amount due by the due date to avoid late payment fees and maintain a good credit history.
  • Monitor your spending: Keep track of your purchases and stay within your credit limit to avoid overspending.
  • Utilise rewards: Make the most of your rewards program by understanding how to earn and redeem points for maximum benefit.
  • Review your statements: Regularly review your credit card statements to check for discrepancies or unauthorised transactions.
  • Contact customer service: If you have any questions or concerns about your Bank of Melbourne credit card, please contact customer service for assistance.