Bank of Melbourne Amplify Signature
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 credit card that suits you best
| Name | Rewards program | |
|---|---|---|
| | Amplify Signature (Amplify Rewards) | Amplify Rewards |
| | Amplify Signature (Qantas Frequent Flyer) | Qantas Frequent Flyer |
-
Amplify Signature (Amplify Rewards)
Rewards: Amplify Rewards
-
Amplify Signature (Qantas Frequent Flyer)
Rewards: Qantas Frequent Flyer
Bank of Melbourne Amplify Signature
Bank of Melbourne Amplify Signature
Mozo Review Bank of Melbourne Amplify Signature Review
Last updated: 27 September 2018.
What's hot:
100,000 bonus Amplify points when you spend $4000 in the first 90 days
1.5 Amplify points per $1 spent
2 Priority Pass lounge visits per year
What's not:
$279 annual fee
Mozo snapshot:
The Bank of Melbourne Amplify Signature gives you ability to earn a number of great rewards on your credit card spending, including flights, gift cards and cash back rewards, which you can get a jumpstart on by bagging 100,000 bonus Amplify points if you spend $4,000 in the first 90 days. The card also has a bunch of features available, such as travel perks and shopping perks. It does however have a discounted $179 annual fee in the first year ($279 after).
Key features:
The main thing you’ll likely want to look at when it comes to reward-heavy credit cards is, well, the rewards. And the Bank of Melbourne Amplify Signature certainly has some that are worth investigating.
Before delving into the specifics of the rewards, it’s worth noting that there are two different options, depending on how you want to use your points. The Amplify Rewards option lets you earn 1.5 points for every $1 spent. With the Qantas Frequent Flyer option, you’ll earn 0.75 points per $1 spent, and all points go directly to your Qantas Frequent Flyer program account.
Either way you’ll have access to numerous perks that come with the card, such as extended warranty on products purchased, some inbuilt travel insurance and two Priority Pass airport lounge visits per year (Qantas Club Lounge for Qantas Frequent Flyer option cardholders). As far as redeeming rewards go, cash back, gift cards and flights are all up for grabs.
Plus, at the moment, if you spend $4,000 in the first 90 days, as you’ll receive 100,000 bonus Amplify points or 80,000 bonus Qantas points. And that’s not all - every year on your birthday you’ll receive 10% bonus points on all the points you’ve earnt the year prior.
If you want to share this card with a significant other or trusted family member to boost your points earning potential, you can get an extra additional cardholder for no extra cost.
Who it's good for:
The Bank of Melbourne Amplify Signature is great for big spenders or frequent travellers who will get enough value from the rewards and perks on offer to justify the $279 annual fee.
Any catches?
For those doing a lot of international travel with this card in their pocket, be aware that every purchase made overseas incurs the 3% foreign exchange margin.
Rewards program details
Rates and fees information correct as at 17 October 2018.
What your points get you
Fly Sydney to London
239,200 points
Fly Sydney to Melbourne
15,600 points
$100 Giftcard
22,200 points
$100 Cash
18,000 points
Points earning
1.5 points 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 Velocity, Enrich or Krisflyer programs.
10% points bonus on total points earned in previous year on birthday of cardholder.
Two Priority Pass lounge visits per year.
Special offers
Receive 100,000 bonus Amplify Points when you spend $4,000 within the first 90 days
Value of rewards points
Spend $12,121 (Visa)
Spend $14,800 (Visa)
Spend $10,400 (Visa)
Spend $159,467 (Visa)
Uncapped
Never
How do we calculate these points?
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.
Rate and fee details
Rates
-
19.49% p.a.
-
none
-
No current offer
-
none
-
20.24% p.a.
-
55
Fees
-
$279.00
-
$179 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
Samsung Pay
Rewards privileges
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing,
Rental Car Excess Cover
Rewards program details
Rates and fees information correct as at 17 October 2018.
What your points get you
Fly Sydney to London
120,000 points
Fly Sydney to Melbourne
8,000 points
$100 Giftcard
16,160 points
$100 Cash
-
Points earning
0.75 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.
10% points bonus on total points earned in previous year on birthday of cardholder.
Two complimentary annual Qantas Club Lounge Invitations.
Special offers
Receive 80,000 bonus Qantas Points when you spend $4,000 within the first 90 days
Value of rewards points
Spend $21,547 (Visa)
Spend $10,667 (Visa)
Spend $160,000 (Visa)
Uncapped
Never
How do we calculate these points?
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.
Rate and fee details
Rates
-
19.49% p.a.
-
none
-
No current offer
-
none
-
20.24% p.a.
-
55
Fees
-
$279.00
-
$179 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
Samsung Pay
Rewards privileges
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing,
Rental Car Excess Cover
Customer Reviews
How are Bank of Melbourne credit cards rated by the Mozo community?
Latest reviews of Bank of Melbourne Amplify Signature
- Overall9/10
Great product at a competitive price
I like this bank as I always find the customer service staff extremely helpful and...
Read full review
I like this bank as I always find the customer service staff extremely helpful and welcoming. Pros are the great customer service as all the staff are always very helpful and provide good, clear and easy to understand product information No Cons
Price8/10Features9/10Customer service10/10Convenience10/10Trust9/10Less
Lisa | Victoria
reviewed almost 3 years ago
- Overall9/10
awesome
I have a mortgage, personal loan and credit card with BOM. they are absolutely the best I've ever...
Read full review
I have a mortgage, personal loan and credit card with BOM. they are absolutely the best I've ever been with and customer service is excellent.
Price7/10Features9/10Customer service9/10Convenience10/10Trust10/10Less
Nguyet | Victoria
reviewed almost 3 years ago
- Overall9/10
The customer service is great and personalised.
I like it because of the personal service, its way better than the average that is experienced in...
Read full review
I like it because of the personal service, its way better than the average that is experienced in most daily activities.
Price7/10Features8/10Customer service10/10Convenience10/10Trust10/10Less
Howard | Victoria
reviewed over 3 years ago
- Overall9/10
Great bank to combine your banking into one!
Bank of Melbourne is great, I have my whole banking through them now after swapping from NAB....
Read full review
Bank of Melbourne is great, I have my whole banking through them now after swapping from NAB. Credit card, 100% offset account, home loan and transaction account which doubles as another offset. Every time I've dealt with them they've been extremely helpful and all went smoothly on settlement day when we were overseas. I pay the credit card off every month in full so don't pay attention to their interest rates, however their home loan rates are competitive.
Price7/10Features9/10Customer service6/10Convenience10/10Trust10/10Less
Emily | Victoria
reviewed about 4 years ago
- Overall9/10
Great benefits, and good rates
Great card, with excellent rewards that keep getting better.
Read full review
Great card, with excellent rewards that keep getting better.
Price9/10Features10/10Customer service8/10Convenience8/10Trust10/10Less
Andrew | Victoria
reviewed about 4 years ago
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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