Bank of Melbourne Amplify Platinum

19.49% p.a.

No current offer

$99

19.49% p.a.

No current offer

$99

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.

Privileges

  • Concierge
  • Travel Insurance
  • Extended Warranty
  • Purchase Protection

Special offers

  • Receive 60,000 bonus Amplify Points when you spend $3,000 within the first 90 days

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

  • No current offer

  • none

  • 20.24% p.a.

  • 55

Fees

  • $99.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $7.50

  • $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.

Privileges

  • Concierge
  • Travel Insurance
  • Extended Warranty
  • Purchase Protection

Special offers

  • Receive 60,000 bonus Qantas Points when you spend $3,000 within the first 90 days.

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

  • No current offer

  • none

  • 20.24% p.a.

  • 55

Fees

  • $99.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $7.50

  • $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.

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 Platinum

Bank of Melbourne

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

Overall rating   9 / 10

Competitive offers for Balance Transfer

Great credit card, helped us out with a balance transfer offer. Great to deal with. No problem recommending.

Full review

Great credit card, helped us out with a balance transfer offer. Great to deal with. No problem recommending.

    Price   7 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Kath (NSW), reviewed about 1 month ago

Bank of Melbourne

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

Overall rating   8 / 10

Great card for overseas travel with rewards

Extremely happy with card especially when travelling overseas with insurance included and accumulating reward points. Only downfall is interest rate too high.

Full review

Extremely happy with card especially when travelling overseas with insurance included and accumulating reward points. Only downfall is interest rate too high.

    Price   3 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Belinda (VIC), reviewed about 2 years ago

Bank of Melbourne

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

Overall rating   10 / 10

Great features, earn frequent flyer points.

Amplify credit card is a fantastic product.

Full review

Amplify credit card is a fantastic product.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Sarah (NSW), reviewed over 2 years ago

Bank of Melbourne

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

Overall rating   10 / 10

They are fantastic at customer service

They are fantastic at customer service.

Full review

They are fantastic at customer service.

    Price   10 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Trevor (WA), reviewed about 3 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.

Compare other credit cards