On the other hand, if you’re someone who tends to carry a balance on their credit card, a low rate option can really help keep your bills manageable. Offering flexible features and a great interest rate, a Bank of Melbourne low rate credit card can help you blast credit card debt quick!
| Product | Purchase rate | Balance transfer rate | Annual fees | Interest free days on purchases |
|---|---|---|---|---|
|
13.99% p.a. |
0.99% p.a. for 28 months and then 21.99% p.a. |
$55 |
55 |
|
|
13.99% p.a. |
6.99% p.a. for 12 months and then 21.99% p.a. |
$55 |
55 |
If you’re organised and prompt with your credit card payments, then you’re probably making some killer savings on interest - so why ruin it with a high annual fee? Opt for a no fee credit card from Bank of Melbourne and keep your credit card costs low. You deserve it for being so savvy with your payments!
| Product | Purchase rate | Balance transfer rate | Annual fees | Interest free days on purchases |
|---|---|---|---|---|
|
20.99% p.a. |
No current offer |
$0 |
55 |
|
|
13.99% p.a. |
0.99% p.a. for 28 months and then 21.99% p.a. |
$55 |
55 |
|
|
13.99% p.a. |
6.99% p.a. for 12 months and then 21.99% p.a. |
$55 |
55 |
Looking for flexible rewards options? Look no further. With the choice of three rewards cards ranks, you’re sure to find a Bank of Melbourne credit card to suit your shopping needs and budget. Just keep in mind that these cards pack a bigger punch in interest and annual fees, so make sure you’ll get enough use from the Bank of Melbourne Rewards Program to justify it!
| Product | Points per dollar | Purchase rate | Balance transfer rate | Annual fees |
|---|---|---|---|---|
|
1 point per dollar on Visa, uncapped |
20.99% p.a. |
No current offer |
$124 $49 in the first year |
|
|
0.5 points per dollar on Visa, up to $100,000 per year |
20.99% p.a. |
No current offer |
$199 |
|
|
1.5 points per dollar on Visa, uncapped |
20.99% p.a. |
No current offer |
$295 $199 in the first year |
|
|
0.75 points per dollar on Visa, up to $250,000 per year |
20.99% p.a. |
No current offer |
$370 |
If you’re after a little bit of luxury in your spending experience, then Bank of Melbourne is sure to have a prestige credit card option to suit you. From low rate platinum offers to signature rewards cards, there’s a piece of plastic to meet every budget and spending style. Although your annual fee will generally be a little higher than the classic alternatives, these cards will let you ash inon great freebies and perks.
| Product | Points per dollar | Purchase rate | Balance transfer rate | Annual fees |
|---|---|---|---|---|
|
1 point per dollar on Visa, uncapped |
20.99% p.a. |
No current offer |
$124 $49 in the first year |
|
|
0.5 points per dollar on Visa, up to $100,000 per year |
20.99% p.a. |
No current offer |
$199 |
|
|
1.5 points per dollar on Visa, uncapped |
20.99% p.a. |
No current offer |
$295 $199 in the first year |
|
|
0.75 points per dollar on Visa, up to $250,000 per year |
20.99% p.a. |
No current offer |
$370 |
Business or pleasure? No matter how you travel, a Bank of Melbourne Qantas card is the perfect addition to any globetrotting wallet. These are rewards cards that automatically credit your points to the Qantas frequent flyer program, so you can bag those free flights with minimum fuss. And with three tiers to choose from, there’s a card for every budget!
| Product | Points per dollar | Purchase rate | Balance transfer rate | Annual fees |
|---|---|---|---|---|
|
0.5 points per dollar on Visa, up to $100,000 per year |
20.99% p.a. |
No current offer |
$199 |
|
|
0.75 points per dollar on Visa, up to $250,000 per year |
20.99% p.a. |
No current offer |
$370 |
Whichever Bank of Melbourne credit card option you choose, you’ll have 55 days to pay off any purchase before being hit with interest charges.
With the exception of the no fee credit card, you’ll pay an annual fee on any Bank of Melbourne credit card, which can range from quite low to significant, depending on which card you opt for. Others include an foreign currency conversion fee and cash advance fee.
Yes! All Bank of Melbourne credit cards offer a balance transfer option, with a fairly leisurely 0% interest period. You can transfer any amount from $200 up to 95% of your credit limit to help you pay off credit card debt. Just make sure you have a plan in place to pay it off before the interest free period is over, because after that, any remaining balance will be charged interest at the higher cash advance rate.
One little bit of fine print to keep in mind is that you can’t transfer balances from other Bank of Melbourne, St.George or BankSA credit cards.
To find out more about getting rid of debt with a balance transfer deal, check out our guide to balance transfers.
Yep! Your Bank of Melbourne credit card works on the VISA network - which means you can use PayWave to ‘tap’ payment for small purchases.
Wherever VISA is accepted your Bank of Melbourne credit card is too. Just remember to factor the foreign conversion fees into your travel budget!
If you opt for a rewards credit card from Bank of Melbourne, you’ve got a few different options, and which one you choose will affect how many points you earn on your spending, and also what you can cash them in for. Check out our table below to see how many rewards points you’ll earn through the Bankwest Amplify Rewards Program for each dollar you spend.
| Rewards | Rewards | Qantas | Qantas | |
|---|---|---|---|---|
| Aus purchases | Overseas purchases | Aus purchases | Overseas purchases | |
| Amplify Classic | 0.5 | 1 | ||
| Amplify Platinum | 0.5 | 1 | 1 | 2 |
| Amplify Signature | 1.75 | 1.5 | 1.5 | 3 |
One of the great things about Bank of Melbourne rewards points is that they are uncapped and don’t expire, so you’ve got as long as you like to redeem them.
If you opt for an Amplify rewards card you can redeem points for things like gift vouchers, cashback and retail products. If you’ve got a bit of wanderlust, a Qantas card will funnel all your hard earned rewards points directly into the frequent flyers program to help you earn free flights faster.
Worried about credit card fraud? We don’t want to cause you unnecessary stress, but it is definitely something you should be aware of. You can practice good credit card security yourself by keeping your PIN and card details secret, always keeping an eye on your card during transactions and regularly reviewing your statement for unusual purchases.
Bank of Melbourne also takes steps toward protecting you while you use your credit card, including:
The Bank of Melbourne fraud back money guarantee - means that you will be reimbursed for any fraudulent transactions on your card
24/7 fraud monitoring and detection to look out for unusual activity on your credit card and alert you to possible fraud
Secure online shopping through a network of secure systems and Verified by VISA
Mozo users have rated Bank of Melbourne credit cards on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
Bank of melbourne had the most competitive mortgage during 2021...and that's saying something given everyone was buying houses then. Their app is no where near commonwealth's but their customer service is incredible, I have never left feeling like my time was wasted.
Read full reviewBank of melbourne had the most competitive mortgage during 2021...and that's saying something given everyone was buying houses then. Their app is no where near commonwealth's but their customer service is incredible, I have never left feeling like my time was wasted.
Shut to many branches
Read full reviewShut to many branches
The bank of Melbourne have taken money out of my account to pay off my credit card. They did this without my permission and prior to the due date.
Read full reviewThe bank of Melbourne have taken money out of my account to pay off my credit card. They did this without my permission and prior to the due date.
Bad customer service and inattentive staff.
Read full reviewBad customer service and inattentive staff.
Slow, messy/ bad service from call centre/online, branch maybe better however time consuming and not many branches. The information provided is not helping and very confusing, can not trust their security with the unprofessional behaviour. Do not use if you have other choice.
Read full reviewSlow, messy/ bad service from call centre/online, branch maybe better however time consuming and not many branches. The information provided is not helping and very confusing, can not trust their security with the unprofessional behaviour. Do not use if you have other choice.
To apply for a Bank of Melbourne credit card, you’ll have to be an Australian permanent resident and over 18 years of age. You’ll also need either:
Or
Plus
You will also have to provide details about your current employment and financial situation.