Bank of Melbourne credit cards

Anyone can apply for a card from Bank of Melbourne and enjoy the benefits of their highly competitive interest rates and rewards.

By Yvonne Taylor | Verified by David Boyd | Updated 27th October 2020

Comparing Bank of Melbourne credit cards

Compare

On Bank of Melbourne's website

Apply by 2 March 2021

Bank of Melbourne Vertigo Visa

Balance transfer

24 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

Enjoy 0% for 24 months on Balance Transfers with 0% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
$0 p.a annual fee for the first year ($55 p.a. thereafter).
Up to 55 interest free days on purchases.

Pros

Additional savings with $0 annual fee for the first year.
0% p.a. for 24 months on balance transfers with no balance transfer fee
The competitive purchase interest rate of 13.99% p.a.

Cons

Balance transfer rate reverts to 21.49% p.a. after 24 months.
There are no rewards program for this card.

Bank of Melbourne Amplify Platinum Credit Card (Amplify)

Compare

On Bank of Melbourne's website

Apply by 2 March 2021

Bank of Melbourne Amplify Platinum Credit Card (Amplify)

Balance transfer

22 months at 0% p.a.

Purchase rate

7 months at 0% p.a.

Annual fee

$0.00 for 1st year

Highlights

0% p.a. for 22 months on balance transfers with 1.5% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
0% p.a. on purchases for up to 7 months from card approval (reverts to 19.74% p.a. thereafter).
$0 annual fee for the first year ($99 p.a. thereafter).

Pros

0% p.a. balance transfer for 22 months.
0% p.a. for 7 months interest rate on purchases.
Extra savings with $0 annual fee for the first year.
Complimentary travel insurance and purchase insurance covers.

Cons

There is a 1.5% balance transfer fee.

Bank of Melbourne Amplify Signature Credit Card (Amplify)

Compare

On Bank of Melbourne's website

Apply by 2 March 2021

Bank of Melbourne Amplify Signature Credit Card (Amplify)

Balance transfer

6 months at 0% p.a.

Purchase rate

19.74% p.a. ongoing

Annual fee

$139.00 for 1st year

Highlights

Earn up to 200,000 Bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year.
Reduced annual fee of $139 in the first year, currently saving you $140.
0% p.a. for 6 months on balance transfers. Reverts to cash advance rate of 21.49% p.a.

Bank of Melbourne Amplify Platinum Credit Card (Qantas)

Compare

On Bank of Melbourne's website

Apply by 2 March 2021

Bank of Melbourne Amplify Platinum Credit Card (Qantas)

Balance transfer

15 months at 0% p.a.

Purchase rate

19.74% p.a. ongoing

Annual fee

$99.00 p.a. ongoing

Highlights

Earn 70,000 bonus Qantas Points when you spend $1,500 within 90 days from card approval. Exclusions apply.
0% p.a. for 15 months on balance transfers with 1% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
Earn 0.5 points per $1 spent on eligible purchases (uncapped).

Pros

The 70,000 bonus Qantas Points when you spend $1,500 per month on eligible purchases within 3 months of card approval.
0% p.a. for 15 months on balance transfers.
Complimentary travel and purchase insurances.

Cons

There is a 1% balance transfer fee.
Points earning rate of 0.5 points is lower than others.

Bank of Melbourne Vertigo Platinum Credit Card (Cashback Offer)

Compare

On Bank of Melbourne's website

Apply by 30 March 2021

Bank of Melbourne Vertigo Platinum Credit Card (Cashback Offer)

Balance transfer

12 months at 6.99% p.a.

Purchase rate

12.99% p.a. ongoing

Annual fee

$99.00 p.a. ongoing

Highlights

Receive $300 cashback when you spend $900 on eligible purchases within 90 days of new card approval. Terms and conditions apply.
Transfer your balances at 6.99% for 12 months with 0% balance transfer fee.
Feel secured with the complimentary insurances.

More about Bank of Melbourne credit cards

Find out about fees and interest rates charged, as well as rewards and eligibility.

FAQs

Am I eligible for a Bank of Melbourne credit card?

To qualify for a Bank of Melbourne credit card you must be 18 years of age or older, a permanent resident of Australia, have a good credit history and earn above a minimum income threshold, which varies between different cards. You do not have to be a Victoria resident.

Do I have to live in Melbourne or Victoria to get a Bank of Melbourne credit card?

Despite the brand name, you do not have to live in Melbourne or Victoria in order to apply.

How do I redeem my points?

If you are on the Amplify Rewards program, you need a minimum of 3,000 points before you can start redeeming them. Once you have enough points, you can log on to the Bank of Melbourne Amplify Rewards website to browse for rewards and redeem points online. You can also call Amplify Card Services and redeem points over the phone.

For Amplify Qantas, points can be redeemed either online at the Qantas Frequent Flyer internet site or over the phone.

How long does it take for my points to be updated or transferred?

For the Amplify Rewards program, points are added to your account the next working day after a transaction is posted on your account. For the Amplify Qantas program, points are applied to your account at the end of each statement cycle. You can check your points balance online through the bank’s internet banking service if you are on the Amplify Rewards program, or through the Qantas Frequent Flyer website if you are on that scheme.

How long will it take to apply and receive my new card?

The online application process usually takes about 10 to 15 minutes to complete, and once submitted you should receive an answer straightaway. If you have supplied all the necessary information and are successfully approved, you should receive your new card via post within 10 working days.

What information do I need when I apply?

You will need your driver’s licence number if you have one; details of your weekly income after tax; details of all of your assets, savings and investments; information on any debts including current credit cards and store accounts, repayment amounts and balance owing. If you are self-employed you will also need to provide recent tax information.

What types of transactions earn Bank of Melbourne Amplify rewards points?

On both Amplify Rewards and Amplify Qantas rewards programs, only eligible purchases made using your credit card earn points. Balance transfers, BPAY transactions and cash advances earn no points. Refunds and charge back transactions reverse the points value of the original transaction. You should always study the program’s terms and conditions to make sure the way in which points are earned suits the way you want to use your credit card.