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Bank of Melbourne Amplify Platinum

The details shown below are for a card with Amplify Rewards

The details shown below are for a card with Qantas Frequent Flyer

Choose the version of this credit card that suits you best

  • Amplify Platinum (Amplify Rewards)

    Rewards: Amplify Rewards

  • Amplify Platinum (Qantas Frequent Flyer)

    Rewards: Qantas Frequent Flyer

Purchase rate
0% p.a. for 7 months then 19.74% p.a.
Balance transfer rate
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
Annual fees
$99 $0 in the first year
Interest free days on purchases
55
Go to site
Purchase rate
19.74% p.a.
Balance transfer rate
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
Annual fees
$99
Interest free days on purchases
55
Go to site

Mozo editorial review Bank of Melbourne Amplify Platinum

Last updated: 2 October 2020.

binocular icon
What's hot
  • Choose between Qantas Frequent Flyer or Amplify Rewards
  • Cashback and flight rewards
  • Purchase protection and extended warranty available for eligible purchases
What's not
  • 3% foreign exchange margin
Mozo snapshot

Being rewarded for your spending is the dream and with Bank of Melbourne Amplify Platinum credit card providing ample rewards, it can be a reality. You can rake in 1 point per $1 spent with the Amplify Rewards option or 0.5 Qantas Points for every $1 spent. Plus, if you sign up before 9 February 2021, you might just be able to bag yourself 70,000 bonus Qantas Points!


key icon
Key features

If you’re keen to get a little more from your credit card, then you can do just that with the Bank of Melbourne Amplify Platinum credit card. To start with, they offer cashback, retail, gift card and flight reward options; you can claim these via the Amplify rewards program, where every $1 spent is a point earnt.

It should be noted that there are two different versions of this card, the ‘Amplify Platinum Rewards’ option, which might suit spenders after retail rewards or gift cards  and the ‘Qantas Platinum Rewards’ option which allows you to have your points be put straight into your to Qantas Frequent Flyers account instead. 

Under the Amplify Rewards option, you'll earn 1 point per $1 on Visa, uncapped, enjoy a 0% purchase rate for the first 7 months and a $0 annual fee in the first year ($99 after). Or if you've got some debt you'd like to clear, there's a 0% balance transfer for 22 months. 

With the Qantas points option, you earn 0.5 points per dollar, however when you spend with any Qantas Frequent Flyer partners you can earn double. Plus the bonus points offer is a little different. You can earn 70,000 Qantas points when you spend at least $1,500 on eligible purchases each month, within the first three months from approval (offer ends 9 February 2021). 

Either way, you won’t have to worry about your points being capped or expiring. They also have a number of bonuses that come for just holding the card. These include complimentary overseas travel insurance and extra product warranty.

While the rewards are the main thing you’re likely to be looking at, there’s a couple of other aspects to be aware of. The first is the relatively low $99 annual fee ($0 for the first year with the Amplify Rewards option) and the 19.74% interest rate, which could sting if you don’t pay off your whole balance. Another is the free additional card holder, which can be useful if you’re interested in sharing the card with someone to help boost your points earning.

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Who is it good for

The Bank of Melbourne Amplify Platinum credit card is best for someone who is looking for some extra rewards for all their spending, while the Qantas Frequent Flyer option is particularly good for travel lovers looking for an extra way to rack up Qantas Frequent Flyer points.

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Any catches

For those looking to do a lot of international travelling, you should be aware of the 3% foreign exchange margin.

Rewards program details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

212,000 points

Fly Sydney to Melbourne one-way

-

$100 Giftcard

22,200 points

$100 Cash

18,000 points

Points earning

1 point per dollar on Visa, uncapped

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 Enrich or KrisFlyer programs.

Value of rewards points

Spend $18,182 (Visa)

Spend $22,200 (Visa)

Spend $212,000 (Visa)

Uncapped

Never

How do we calculate the rewards?

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.

Close

Rate and fee details

Rates
  • 19.74% p.a.

  • 0% p.a. for 7 months

  • 0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $99.00

  • $0 in the first 1 year

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $2.00

  • $10.50

  • $0.00

Features
  • $10.00

  • 2.0

  • 1

  • none

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Rewards program details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

18,690 points

$100 Cash

-

Points earning

0.5 points per dollar on Visa, uncapped

Rewards scheme

Points are automatically credited to the Qantas Frequent Flyer program.

All rewards are redeemed via Qantas Frequent Flyer.

Special offers

Receive 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months.

Value of rewards points

Spend $37,380 (Visa)

Spend $16,000 (Visa)

Spend $220,800 (Visa)

Uncapped

Never

How do we calculate the rewards?

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.

Close

Rate and fee details

Rates
  • 19.74% p.a.

  • none

  • 0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $99.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $2.00

  • $10.50

  • $0.00

Features
  • $10.00

  • 2.0

  • 1

  • none

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Customer Reviews

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

Overall
7.4/10
Price
6.7/10
Features
6.2/10
Customer service
7.3/10
Convenience
7.4/10
Trust
7.5/10

Latest reviews of Bank of Melbourne Amplify Platinum

  • Overall 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.

    Read full review

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

    Price
    7/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Kath, New South Wales reviewed almost 3 years ago
  • Overall 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.

    Read 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, Victoria reviewed about 5 years ago
  • Overall 10/10
    Great features, earn frequent flyer points.

    Amplify credit card is a fantastic product.

    Read 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, New South Wales reviewed over 5 years ago
  • Overall 0/10
    FTB

    FTB

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Jo, Victoria reviewed over 5 years ago
  • Overall 10/10
    They are fantastic at customer service

    They are fantastic at customer service.

    Read 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, Western Australia reviewed about 6 years ago
Bank of Melbourne

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.

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19.99% p.a.

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$99 $0 in the first year

No current offer

1 point uncapped

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11.99% p.a.

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0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

20.24% p.a.

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19.99% p.a.

$299 $199 in the first year

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0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 13.99% p.a.

$55 $0 in the first year

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11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

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0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

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$58 $0 in the first year

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