Bank of Melbourne Amplify Classic

19.49% p.a.

3.00% p.a. for 36 months and then 20.24% p.a.

$79 $0 in the first year

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19.49% p.a.

3.00% p.a. for 36 months and then 20.24% p.a.

$79 $0 in the first year

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Bank of Melbourne Amplify Classic Review

Rates and fees information correct as at 23 June 2018.

Review published: 25 October 2017

What's hot:

  • $0 annual fee in the first year ($79 after)

  • No cap on points

  • 2017 Mozo Experts Choice Award

What's not:

  • 20.24% p.a. cash advance rate

Mozo snapshot:

With no annual fee in the first year and uncapped points earning potential, the Bank of Melbourne’s Amplify Classic credit card is a top low cost option that will put a smile on the face of anyone looking to earn Qantas points through their card. It’s no wonder the card was awarded a 2017 Mozo Experts Choice award.

Key features:

Do you love earning Qantas points for making everyday purchases? Well then, the Amplify Classic credit card from the Bank of Melbourne could be the card for you, with an uncapped earning rate of 0.5 Qantas points for every dollar you spend and no annual fee in the first year (followed by $79 after). You’ll even be able to earn double points when you make purchases with Qantas Frequent Flyer Program partners.

If you’ve already got debt on an existing card you’ll be able to make use of the 3% balance transfer offer for the first 36 months. If you do decide to make the switch, just make sure you pay off that debt before the balance transfer period ends, because the balance transfer rate reverts to the high 20.24% cash advance rate.

The card also features a 55 day interest free period for you to pay off any purchases (so long as you pay your balance in full each month), though it’s a good idea to keep on top of your purchases to avoid the 19.49% purchase rate.

Fancy taking the Amplify Classic credit card with you on your next holiday? As part of the Visa network you’ll be able to use it at millions of outlets worldwide, but just watch out for the 3% foreign exchange margin if you do use it overseas.

Who it's good for:

With it’s low annual fee, the Bank of Melbourne Amplify Classic credit card could be a good choice for anyone looking for a low cost way to earn Qantas points.

Any catches?

If you do plan to take advantage of the balance transfer offer, just make sure you pay off any debt within the 36 month period before the rate reverts back to the high 20.24% p.a. cash advance rate.

How are Bank of Melbourne credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.8

Based on 69
Bank of Melbourne credit cards reviews

6.5 6.6 7.6 7.7 7.6

Read Bank of Melbourne credit card reviews by the Mozo community

Latest reviews of Bank of Melbourne Amplify Classic

Bank of Melbourne

Bank of Melbourne Amplify Classic (Amplify Rewards) credit card review

Overall rating   10 / 10

Great Staff, Great Bank

Bank of Melbourne has never let me down. Its easy, convenient, ATM locations seem to be on the rise, and best of all the staff are all awesome. As a 22 year old it can be daunting to visit a bank where employees are generally much older, but Bank...

Full review

Bank of Melbourne has never let me down. Its easy, convenient, ATM locations seem to be on the rise, and best of all the staff are all awesome. As a 22 year old it can be daunting to visit a bank where employees are generally much older, but Bank of Melbourne has amazing staff.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Sebastian (VIC), reviewed almost 4 years ago

Bank of Melbourne

Bank of Melbourne Amplify Classic (Amplify Rewards) credit card review

Overall rating   8 / 10

Inviting branches and customer focused

Bank of Melbourne have very up to date branches. They are comfortable and relaxing and don't look like a bank! Staff have always been friendly and helpful with their advice, without being too pushy or 'sales-y'. Our credit card is free with our...

Full review

Bank of Melbourne have very up to date branches. They are comfortable and relaxing and don't look like a bank! Staff have always been friendly and helpful with their advice, without being too pushy or 'sales-y'. Our credit card is free with our home loan package and we do all our purchases through it, allowing us to accrue a bunch of frequent flyer points which we'll be using to fly to our wedding :)

    Price   7 / 10

    Features   8 / 10

    Customer service   7 / 10

    Convenience   9 / 10

    Trust   7 / 10

Less

Matt (VIC), reviewed almost 4 years ago

Bank of Melbourne

Bank of Melbourne Amplify Classic (Amplify Rewards) credit card review

Overall rating   9 / 10

Boutique service with a genuine smile

The BOM branches are very personal and inviting with staff who are willing and happy to service your needs (with a smile). The lack of queues and personal attention is appreciated and there's a general feeling that you are the customer & that's...

Full review

The BOM branches are very personal and inviting with staff who are willing and happy to service your needs (with a smile). The lack of queues and personal attention is appreciated and there's a general feeling that you are the customer & that's important.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

David (VIC), reviewed over 4 years ago

Bank of Melbourne

Bank of Melbourne Amplify Classic (Amplify Rewards) credit card review

Overall rating   7 / 10

Great customer service across branches

BOM made it easy to obtain the card with minimal fuss. Staff in different have been very friendly and helpful, even with stupid questions.

Full review

BOM made it easy to obtain the card with minimal fuss. Staff in different have been very friendly and helpful, even with stupid questions.

    Price   6 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   6 / 10

Less

Trevor (VIC), reviewed over 4 years ago

Bank of Melbourne

Bank of Melbourne Amplify Classic (Amplify Rewards) credit card review

Overall rating   8 / 10

No fee first year plus earn frequent flyer points

No fee first year - this is rare for a card that earns frequent flyer points.

Full review

No fee first year - this is rare for a card that earns frequent flyer points.

    Price   10 / 10

    Features   5 / 10

    Customer service   -1 / 10

    Convenience   7 / 10

    Trust   -1 / 10

Less

Alastair (NSW), reviewed over 4 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Transfer points to a range of airline programs or redeem your points for travel, gift cards, retail rewards and shopping gift cards.
  • You can get flights via Velocity, Enrich or Krisflyer programs.

Value of rewards points

  • Need to spend $18,182 (Visa)

  • Need to spend $22,200 (Visa)

  • Need to spend $15,600 (Visa)

  • Need to spend $239,200 (Visa)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Visa, uncapped

  • 18000 points buys a Amplify $99 annual fee

  • 22200 points buys a Myer $100 Gift Card

  • 1 points buys 0.5 Velocity Points; 7800 Velocity Points buys a Virgin Australia Sydney-Melbourne flight

  • 1 points buys 0.5 Velocity Points; 119600 Velocity Points buys a Velocity partner Sydney-London flight

* How did we do it? Find out...

Rates

  • 19.49% p.a.

  • none

  • 3.00% p.a. for 36 months and then 20.24% p.a.

  • yes

  • 20.24% p.a.

  • 55

Fees

  • $79.00

  • $0 in the first 1 year

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $2.00

  • $10.50

  • $0.00

Other financial bits

  • $10.00

  • 2.0

Features

  • 1

  • none

  • none

Rewards scheme

  • Points are automatically credited to the Qantas Frequent Flyer program.
  • All rewards are redeemed via Qantas Frequent Flyer.

Value of rewards points

  • Need to spend $32,320 (Visa)

  • Need to spend $16,000 (Visa)

  • Need to spend $240,000 (Visa)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 0.5 points per dollar on Visa, uncapped

  • 16160 points buys a Myer $100 Gift Card

  • 8000 points buys a Qantas Sydney-Melbourne flight

  • 120000 points buys a Qantas Sydney-London flight

* How did we do it? Find out...

Rates

  • 19.49% p.a.

  • none

  • 3.00% p.a. for 36 months and then 20.24% p.a.

  • yes

  • 20.24% p.a.

  • 55

Fees

  • $79.00

  • $0 in the first 1 year

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $2.00

  • $10.50

  • $0.00

Other financial bits

  • $10.00

  • 2.0

Features

  • 1

  • none

  • none

About Bank of Melbourne

Formerly St.George in Victoria, The Bank of Melbourne provides a banking alternative to customers with its large range of products in home, personal and business banking. Based in Victoria the Bank of Melbourne offers its customers bank accounts, credit cards, term deposits, private banking services, home loans and personal loans.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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