Bank of Melbourne offers a diverse range of credit card products.

Their selection includes a low-rate card, a no annual fee card, and four rewards cards offering various amounts of Qantas or Amplify points per dollar spent.

Credit Card Type

Available via Bank of Melbourne?

Rewards credit card

✅

Low interest credit card

✅

Low fee credit card

✅

No interest credit card

❌

Balance transfer

✅ 

International travel insurance

✅ 

What are Bank of Melbourne Amplify rewards points?

Bank of Melbourne's Amplify Rewards program is a points system designed for its credit card customers, particularly those using the Amplify Platinum and Amplify Signature cards. 

The program allows cardholders to earn points on eligible purchases, which can then be redeemed for a variety of rewards. One of the key features of the Amplify Rewards is its flexibility in point redemption. 

Cardholders can exchange points for the likes of gift cards, products, or travel bookings made through the rewards platform. Amplify Points can also be converted into frequent flyer points with partnering airlines, including Velocity and Singapore Airlines’ Krisflyer.

Bank of Melbourne credit card reviews

Bank of Melbourne credit cards typically demand 3% of the value of the transaction on cash advances and $15 missed payment fees. 

Most of the bank’s cards allow balance transfers.

Here's a thorough breakdown of all the credit card offerings available from Bank of Melbourne at the time of writing:

Vertigo Card

  • Competitive interest rate on purchases

  • Annual Fee: $55

  • International transaction fee: 3%

  • Interest free period: Up to 55 days on purchases

  • Minimum credit limit: $500 

  • Minimum repayments: The greater of 2% of the outstanding balance or $10

The Vertigo card's focus is on straightforward, no-frills usage.

While it doesn't boast an extensive range of features, it does offer essential functionalities like secure online shopping.

Bank of Melbourne’s Vertigo card could be suitable for those who prioritise low ongoing costs, thanks to its competitive interest rate and lower annual fee.

Amplify Platinum Card

  • Higher interest rate than that of the Vertigo card

  • Annual Fee: $124

  • International transaction fee: 3% 

  • Interest free period: Up to 55 days on purchases

  • Minimum credit limit: $6,000 

  • Minimum repayments: The greater of 2% of the outstanding balance or $10

The Amplify Platinum Card is designed for users who are looking for a blend of convenience, rewards, and digital compatibility in their credit card experience. 

It provides users one Amplify point per $1 they spend on eligible purchases with the card. 

Amplify Qantas Platinum Card

  • Higher interest rate than that of the Vertigo card

  • Annual Fee: $124

  • Annual Qantas Rewards program fee: $75

  • International transaction fee: 3% 

  • Interest free period: Up to 55 days on purchases

  • Minimum credit limit: $6,000 

  • Minimum repayments: The greater of 2% of the outstanding balance or $10

The Amplify Qantas Platinum Card offers similar benefits to the Amplify Platinum Card, except rather than providing Amplify points it offers Qantas points.

Users can receive half a Qantas point for each $1 they spend on eligible purchases with the card. 

Amplify Signature Card

  • Higher interest rate than that of the Vertigo card

  • Annual Fee: $295

  • International transaction fee: 3% 

  • Interest free period: Up to 55 days on purchases

  • Minimum credit limit: $15,000 

  • Minimum repayments: The greater of 2% of the outstanding balance or $10

The Amplify Signature Card is a premium offering in the bank's credit card lineup, aimed at those seeking maximum benefits and rewards from their spending. 

Cardholders also benefit from complimentary international travel insurance and luxury travel and lifestyle benefits such as concierge services and exclusive offers and experiences.

It provides users 1.5 Amplify points per $1 spent on eligible purchases with the card. 

Amplify Qantas Signature Card

  • Higher interest rate than that of the Vertigo card

  • Annual Fee: $295

  • Annual Qantas Rewards program fee: $75

  • International transaction fee: 3% 

  • Interest free period: Up to 55 days on purchases

  • Minimum credit limit: $15,000 

  • Minimum repayments: The greater of 2% of the outstanding balance or $10

The Amplify Qantas Signature Card offers similar benefits to the Amplify Signature Card, except rather than providing Amplify points, it offers Qantas points.

Users can receive three quarters of a Qantas point for each $1 they spend on eligible purchases with the card. 

No Annual Fee Card

  • Highest interest rate of any of Bank of Melbourne’s credit card products

  • Annual Fee: $0

  • International transaction fee: 3% 

  • Interest free period: Up to 55 days on purchases

  • Minimum credit limit: $500 

  • Minimum repayments: The greater of 2% of the outstanding balance or $10

The No Annual Fee Card is tailored for those seeking a straightforward credit card experience without the extra cost of yearly fees. 

The card offers basic functionalities expected of a standard credit card, without the added perks and rewards found in more premium options.