Bank of Melbourne Amplify Rewards Platinum

Name: Bank of Melbourne Amplify Rewards Platinum
Brand: Bank of Melbourne

Data last updated 20 July 2026

20.99%

Purchase rate

$99

Annual fee

100,000

Bonus points

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Bank of Melbourne Amplify Rewards Platinum card

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CardIQ

54Fair

Fair

Overall score, out of 100 · How this works

55 days interest-free46
Frequent flyer55
Rewards52
Sign-up bonus66
Travel48
Velocity Points55

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Pros & cons

What's good

100,000 bonus points to start, worth around $1,000 at our 1c-per-point valuation.
Complimentary international travel insurance, transit accident insurance, purchase protection and extended warranty.
Earns 1.25 points per $1 on bonus categories and 2 points per $1 on overseas spend.
Points transfer to Everyday Rewards, Singapore Airlines KrisFlyer and Velocity Frequent Flyer.
No fee to add an additional cardholder.

Worth noting

The annual fee increases from $99 to $175 in the second year.
The 20.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
Earns 1 point per $1 on everyday spend, around the dataset average.
The 1-point rate on other purchases applies only to the first $5,000 spent each statement period, then drops to 0.5 points per $1.

Card details

The basics

Additional cardholder fee: $0 p.a.
Card tier: Platinum
Card type: Visa
Card use: Personal
Credit limit: $6,000 – $80,000
Credit rating: Good
Rewards program: Amplify Rewards

Eligibility

Instant approval: Yes (response in ~60 seconds)
Joint application: No
Minimum age: 18 years old
Minimum income: Not specified
Residency: Australian citizen or permanent resident
Temporary residents: Eligible

Rates & fees

Ongoing interest rates

Cash advances: 21.99% p.a.
Purchases: 20.99% p.a.

Fees

Additional cardholder fee: $0
Annual fee: $99 p.a.
Annual fee (year 2+): $175 p.a.
Cash advance fee: 3.5% of the amount
Foreign transaction fee: 3%
Late payment fee: $20

Repayments

Interest-free period: Up to 55 days on purchases
Minimum repayment: 2% of the closing balance or $10, whichever is greater

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend: None
Bonus categories: 1.25 pts per $1 in bonus categories
Other purchases: 1 pt per $1 on other purchases, up to $5,000 per statement period
Overseas spend: 2 pts per $1 on overseas spend
ATO/government: None
Reduced rate above monthly cap: 0.5 pts per $1 above $5,000 per statement period
Points cap: Uncapped
Points expiry: Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required: —
Sign-up bonus: 100,000 points

Transfer partners

Everyday Rewards: 3 pts → 2 pts (≈ 0.67 pts per $1)
Singapore Airlines KrisFlyer: 3 pts → 1 pt (≈ 0.33 pts per $1)
Velocity Frequent Flyer: 2 pts → 1 pt (≈ 0.5 pts per $1)

Where these points could take you

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation: Prepay part of the trip on the card
Activation spend: $500
Age limit: 80 years
Cover limit: Unlimited
Excess: $300
Maximum trip length: 90 days
Not covered: Pre-existing conditions, unless the insurer agrees in writing
Underwriter: Allianz Australia Insurance Limited

Rental vehicle excess

Activation: Book with the card and take the hire company's waiver
Cover limit: $5,500
Excess: $300
Voids cover: Unsealed roads, drink driving, a driver not on the agreement
What it pays: The hire company's excess, not the vehicle

Purchase protection

Activation: Pay for the item with the card
Annual limit: $135,000
Cover period: 120 days
Excess: $300
Not covered: Cash, consumables and animals
Per-item limit: $10,000
Voids cover: Leaving the item unattended in a public place
What it pays: Theft, loss and accidental damage

Extended warranty

Activation: Pay with the card for an item under manufacturer's warranty
Annual limit: $20,000
Excess: $300
Not covered: Anything the manufacturer's warranty already excluded
Per-item limit: $20,000
What it pays: Mechanical failure once that warranty ends

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

FeatureThis cardWhere it ranks

Interest-free days55 daysTop 10% (6th of 192 cards)

Overseas fee3.00%Better than most (53rd of 200 cards)

Rewards value$360 a yearBetter than most (26th of 95 cards)

Sign-up bonus$1,000Better than most (23rd of 59 cards)

Purchase rate20.99%Not as good as most cards (125th of 196 cards)

Annual fee$175 a yearNot as good as most cards (138th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cards
Government: Product reference data (Consumer Data Right)
Issuer: Bank of Melbourne