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   |   Verified by David Boyd   |   Updated 1st September 2022

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Comparing Bank of Melbourne credit cards

Bank of Melbourne Vertigo Visa

Apply by 28 February 2023

Bank of Melbourne Vertigo Visa

Balance transfer

32 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Annual fee

$55.00 p.a. ongoing

Highlights

  • Enjoy 0% for 32 months on Balance Transfers with a 0% balance transfer fee. Reverts to 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

  • 0% p.a. for 32 months on balance transfers with no 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 32 months.
  • There are no rewards program for this card.
Bank of Melbourne Amplify Platinum Credit Card (Qantas)

Offer extendedApply by 31 December 2022

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 p.a. ongoing

Highlights

  • Earn up to 60,000 bonus Qantas Points when you spend $3,000 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. Reverts to cash advance rate.
  • 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 60,000 bonus Qantas Points.
  • 0% p.a. for 24 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 Amplify Platinum Credit Card (Amplify)

Offer extendedApply by 30 November 2022

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

$29.00 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 1% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $29 p.a. annual fee for the first year ($99 p.a. annual fee thereafter)

Pros

  • The 100,000 bonus Amplify Points.
  • 0% for 24 months on balance transfers.
  • Additional savings with the $29 first year annual fee ($99 p.a. thereafter).

Cons

  • There is a 1% balance transfer fee. Other cards offer 0% balance transfer free.

More about Bank of Melbourne credit cards

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

  • FAQs

Are instalment plans available for a Bank of Melbourne credit card?

Yes. The Bank of Melbourne does offer instalment plans for their credit cards. Terms and conditions apply as to what transactions can be moved onto an instalment plan.

Can Bank of Melbourne credit cards be used with a digital wallet?

You can add a Bank of Melbourne credit card to Apple Pay, Google Pay, or Samsung Pay digital wallets.

Does the Bank of Melbourne have credit cards with rewards points?

Yes. The Bank of Melbourne offers credit cards that earn points with its rewards program, Amplify Rewards.

Does the Bank of Melbourne offer any credit cards with cashback rewards?

No. The Bank of Melbourne does not offer a cashback credit card. Occasionally they run a promotional offer with a cash lump sum, which is paid after spending a certain amount.

Does the Bank of Melbourne offer credit cards for businesses?

Yes, a business can apply for a credit card with the Bank of Melbourne.

Does the Bank of Melbourne offer credit cards with an introductory balance transfer offer?

Yes. The Bank of Melbourne has some competitive balance transfer options available. They generally combine zero interest for a long period of time.

Does the Bank of Melbourne offer frequent flyer credit cards?

Yes. Frequent flyer credit cards are available from the Bank of Melbourne that can earn points into Qantas Frequent Flyer.

How can a credit card from the Bank of Melbourne be managed?

Bank of Melbourne credit card customers can manage their accounts via their app, telephone, or in one of their local branches.

How long does it take for the Bank of Melbourne to process an application?

The Bank of Melbourne will give you an instant decision within 60 seconds of your application being submitted. It takes around 2 days for an application to be fully processed. Your card will arrive several days after.

Is it possible to have more than one Bank of Melbourne credit card?

Yes. It is possible to have more than one Bank of Melbourne credit card open at the same time.

Is there a low interest rate credit card available from the Bank of Melbourne?

You can get a credit card with a low interest rate from the Bank of Melbourne. However, there are usually credit cards with a lower interest rate available (or one with no interest at all).

What can Bank of Melbourne Amplify Rewards rewards points be used for?

Amplify points can be redeemed for gift cards, merchandise, and travel.

What documents are required when applying for a Bank of Melbourne credit card?

An Australian driver's licence number is needed when applying for a Bank of Melbourne credit card. They also need details of your income, expenses, and debts, as well as proof of income.

What is the most popular Bank of Melbourne credit card?

Based on our data, The Vertigo Credit Card has been the most popular credit card from the Bank of Melbourne for some time.

What partners can points be transferred to from the Bank of Melbourne Amplify Rewards program?

Amplify Rewards points can be transferred to Air New Zealand Airpoints, Cathay Pacific Asia Miles, Qatar Airways Privilege Club, Singapore Airlines KrisFlyer, and Velocity Frequent Flyer.

What rewards programs can be linked with the Bank of Melbourne?

It is possible to earn points directly into Qantas Frequent Flyer with the right Bank of Melbourne card.

Who can apply for a credit card from the Bank of Melbourne?

The Bank of Melbourne requires applicants to be at least 18 years old and earning $25,000 or more (varies depending on the card). Citizens and permanent residents can apply, so long as there is no bad credit history.