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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 this credit card that suits you best

  • Amplify Signature (Amplify Rewards)

    Rewards: Amplify Rewards

  • Amplify Signature (Qantas Frequent Flyer)

    Rewards: Qantas Frequent Flyer

Purchase rate
19.74% p.a.
Balance transfer rate
0% p.a. for 6 months and then 21.49% p.a.
Annual fees
$279 $139 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 6 months and then 21.49% p.a.
Annual fees
$279
Interest free days on purchases
55

Mozo editorial review Bank of Melbourne Amplify Signature

Last updated: 1 October 2020.

binocular icon
What's hot
  • Up to 200,000 bonus Amplify points (conditions apply)
  • 1.5 Amplify points per $1 spent
  • 2 Priority Pass lounge visits per year
What's not
  • $279 annual fee ($139 in the first year)
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 130,000 bonus Amplify Points in the first year plus another 70,000 in year 2 when you spend at least $12,000 on eligible purchases each year. The card also has a bunch of features available, such as travel perks and shopping perks. It does however have a discounted $139 annual fee in the first year ($279 after).


key icon
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 $12,000 on eligible purchases in the first year, you’ll receive 130,000 bonus Amplify points. Plus, do the same in the second year and you'll score an extra 70,000 bonus points. Or if you choose the Qantas Frequent Flyer program you'll receive 90,000 bonus Qantas points if you spend at least $6,000 on eligible purchases within the first 90 days from approval (both offers end 9 February 2021). 

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.


snapshot
Who is it 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 ($139 in the first year).

snapshot
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 20 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

1.5 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 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 130,000 bonus Amplify Points in year 1 plus a further 70,000 in year 2 when you spend at least $12,000 on eligible purchases each year.

Value of rewards points

Spend $12,121 (Visa)

Spend $14,800 (Visa)

Spend $141,333 (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 6 months and then 21.49% p.a.

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $279.00

  • $139 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

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing,
Rental Car Excess Cover

Rewards program details

Rates and fees information correct as at 20 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

0.75 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 90,000 bonus Qantas Points when you spend $6,000 within the first 90 days

Value of rewards points

Spend $24,920 (Visa)

Spend $10,667 (Visa)

Spend $147,200 (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 6 months and then 21.49% p.a.

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $279.00

  • 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

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?

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 Signature

  • Overall 8/10
    Great card for fee and awesome sign up incentive

    Great perks for annual fee. Have not had any issues with the card and point bonus upon sign up was really handy too!

    Read full review

    Great perks for annual fee. Have not had any issues with the card and point bonus upon sign up was really handy too!

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Edwin, Victoria reviewed 6 months ago
  • Overall 9/10
    Great product at a competitive price

    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

    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

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Lisa, Victoria reviewed almost 5 years ago
  • Overall 9/10
    awesome

    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.

    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.

    Price
    7/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Nguyet, Victoria reviewed almost 5 years ago
  • Overall 9/10
    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 most daily activities.

    Read full review

    I like it because of the personal service, its way better than the average that is experienced in most daily activities.

    Price
    7/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Howard, Victoria reviewed over 5 years ago
  • Overall 9/10
    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. 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.

    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.

    Price
    7/10
    Features
    9/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Emily, Victoria 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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