Bank of Melbourne - Amplify Rewards Signature Credit Card
The Amplify Signature credit card has an annual fee of $295. Amplify Reward Points are earned, uncapped, at a rate of 1.5 points per dollar spent. There is a 0% balance transfer rate for the initial 24 months, which will revert to 21.49% p.a. thereafter.
This card offers 2 complimentary Priority lounge pass visits annually and membership to Visa's Luxury Hotel collection. Furthermore, add 1 additional cardholder for $0 and receive complimentary insurance for overseas travel.
150,000 Amplify Points when you spend $12,000 on eligible purchases.
Annual Fee
$199 for the first year reverts to $295 per year thereafter
Balance Transfer
0% for 24 months reverts to 21.49% p.a.
1% BT fee applies.
1% BT fee applies.
Purchase Rate
19.49% p.a.
Rewards Rate One
1.5 point(s) per AUD$1 On Eligible purchases
Details
Card Type
Visa
Minimum Repayment
2% or $10
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$15,000
Maximum Credit Limit
$80,000
Fees
Annual Fee
$199 for the first year
reverts to $295 per year thereafter
Late Payment Fee
$15
per statement
Cash Advance Fee
3%
per transaction
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 1
additional holders
Rates
Purchase Rate
19.49% p.a.
Cash Advance Rate
21.49% p.a.
Balance Transfer
Balance Transfer
0% for 24 months
reverts to 21.49% p.a.
1% BT fee applies.
1% BT fee applies.
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
1%
per transaction
Overseas Spending
Foreign Currency Conversion Fee
3%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
Yes
Rewards
Program
Amplify Rewards
Types
Gift card, Travel options, Shopping
Bonus
150,000 bonus points
Reward Rates
Rewards Rate One
1.5 point(s) per AUD$1
On Eligible purchases
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
Yes
Who is the product designed for?
These products are designed for a class of consumers whose likely needs, objectives and financial situation (as set out below) are aligned with the product and the product’s key attributes.
These products are for those who
- Need a credit card that provides access to a revolving credit facility to make payments and perform other transactions, and want the ability to earn reward points and receive travel related benefits.
Needs, objectives and financial situation
These products are designed for consumers who.
- Need a credit card that provides access to revolving credit to make payments and perform other transactions.
- Want to earn reward points on eligible purchases to redeem them to pay for travel, merchandise, gift cards and other items.
- May want to receive travel benefits including complimentary travel and purchase insurance covers
- May want an interest free period on purchases.
- May want to access Plan &Pay to split credit card repayments into manageable instalments.
- May want to transfer a balance from one or multiple credit or store cards.
- May want access to spending controls.
- Are able to meet repayment obligations.
Visit Bank of Melbourne to view Target Market Determination Effective From: 2023-06-01.
