Bank of Melbourne Amplify Signature Qantas Card

This premium frequent flyer card offers 90,000 bonus Qantas Points, lounge passes and complimentary insurance, with a $279 p.a. annual fee.

The Bank of Melbourne Amplify Signature Qantas Card offers a mix of points and other perks that will appeal to frequent flyers. Right now, it offers a bonus 90,000 Qantas Points when you apply by 30 November 2021 and spend at least $6,000 on eligible purchases in the first 90 days from card approval. That's enough for a return business class flight from Melbourne to Cairns (83,000 points).

While bonus points can give you hundreds of dollars value in the first year, you should also think about whether you'll get enough value from points and other perks after the first year to continue justifying this card's $279 p.a. annual fee.

No reviews yet. Write a review

Amy Bradney-George

Last Updated Aug 6, 2021

90,000

Bonus points

19.74% p.a.

Purchase rate

0.75

Reward points

Per $ spent

$279 p.a.

Annual fee

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product Name	Bank of Melbourne Amplify Signature - Qantas
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 15 months with 1% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (21.49% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	19.74% p.a.
Annual fee	$279
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.49% p.a.
Min credit limit	$15,000
Max credit limit	$80,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	Yes - Conditions apply

Pros

90,000 bonus Qantas Points
0% p.a. on balance transfers for 15 months
Two complimentary Qantas Club lounge passes per year
Includes complimentary overseas travel insurance, purchase security insurance and extended warranty insurance

Cons

Charges a 1% balance transfer fee
Both the purchase rate and cash advance rate are relatively high
3% foreign currency conversion fee

Rewards program	Qantas Frequent Flyer
Bonus points	90,000
Rewards points per $ spent	0.75
Rewards points cap	Uncapped

Annual fee	$279
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2% or $2.50, whichever is greater
Additional cardholder fee	$0
Number of additional cardholders	1

Go to Bank of Melbourne's site More info

Review by

Amy Bradney-George

[email protected]

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Amplify Signature Qantas Card is Bank of Melbourne’s top-tier frequent flyer credit card. It offers one of the bank’s highest introductory bonus point offers, with 90,000 Qantas Points giving you enough for a return business class flight from Melbourne to Cairns or Sydney to Perth (both 83,000 points). As another example, you could use the bonus points to get $425 of Woolworths WISH digital gift cards (88,090 points for 1 gift card worth $250, 1 gift card worth $100, 1 gift card worth $50 and 1 gift card worth $25).

This card also earns 0.75 Qantas Points per $1 on eligible spending. While that's not the highest earn rate on the market, it's competitive with other frequent flyer cards that have similar annual fees – and there's no points cap. The other perks on the Bank of Melbourne Amplify Signature Qantas Card include 2 complimentary Qantas lounge visits each year and complimentary travel insurance of eligible domestic and overseas trips. But as well as the annual fee, make sure you factor in the 19.74% p.a. interest rate for purchases if you think you'll carry a balance.

How to apply

You can apply for the Bank of Melbourne Amplify Signature Qantas Card online in 10 minutes and receive a response instantly. Before you start, check if you meet the eligibility criteria and have the necessary documents to complete the application.

Eligibility criteria

New cardholder. This offer is only available to new customers who have not held a Bank of Melbourne, St.George or BankSA Amplify Platinum or Signature Credit Card in the past 12 months.
Residency. To apply online, you must be an Australian citizen or permanent resident.

Eligible balance transfer debt. If you're planning to take advantage of the balance transfer, you can transfer up to 80% of your approved credit limit but cannot transfer balances from existing BankSA, Bank of Melbourne, or St.George credit cards.
Age. You must be at least 18 years old to apply.

Required documents

Personal information. Including your full name, date of birth, contact details, residential address, marital status and number of financial dependents.
Proof of identification. You can verify your identity with an Australia driver's licence, Medicare card, passport, Australian birth certificate or NSW photo card.
Income and employment. Include your annual income with recent payslips or bank statements. You'll also need to confirm your current place of employment and provide your employer's contact details.
Finances. This includes your assets (such as savings and investments) and liabilities (such as existing debts).
Qantas Frequent Flyer number. To ensure your Qantas Points are credited to your account, you need to provide your Qantas Frequent Flyer membership number.
Balance transfer information. If you are transferring a balance from another card(s), you will need to provide the card number(s), issuer(s) and the amount(s) you want to transfer.

Go to Bank of Melbourne's site More info

Card benefits

Bonus Qantas Points. Earn 90,000 bonus Qantas Points when you apply for a BoM Amplify Signature - Qantas card by 30 November 2021, are approved and spend $6,000 on eligible purchases within the first 90 days from approval. Bonus points will be credited to the account within 12 weeks of meeting the spend requirement.
Balance transfer offer. New customers who apply by 30 November 2021 can take advantage of a 0% p.a. interest rate for the first 15 months on balance transfers, with a one-time 1% balance transfer fee. After the promotional period, any balance remaining will be charged at the variable cash advance rate. Note that you will not earn Qantas Points on balance transfers.

Earn Qantas Points. You will earn 0.75 Qantas Points per $1 spent in Australia and overseas, uncapped. Plus, with Qantas Frequent Flyer Program partners, you'll earn points twice: once with your card and once with the partner.
Qantas Lounge passes. You can relax before your flight in style with 2 complimentary Qantas Lounge invitations per year. The perks vary between lounges, but you can usually look forward to Wi-Fi, complimentary food and beverages plus comfortable seating in a relaxed atmosphere. You can register for your passes through the Bank of Melbourne website.
Birthday bonus points. You'll receive an additional 10% of the points earned in the last 12 months within 4 weeks of your birthday. Note that bonus points offers do not factor into the birthday bonus.
Complimentary overseas travel insurance. This travel insurance is eligible for persons up to the age of 80 years. It covers the cardholder, spouse and dependent children. The insurance policy is provided when the cardholder pays for return tickets and prepaid travel costs worth $500 using the credit card. It covers medical expenses, unexpected cancellation and rental vehicle excess.
Interstate flight inconvenience insurance. If you're travelling in Australia, you can get cover for things like loss or damage to personal items you have with you, flight delays of more than 4 hours and luggage delays of more than 12 hours. This cover is available for trips up to 14 days long when you have booked an interstate flight with your credit card.
Purchase security insurance. Purchase security insurance covers personal goods that have been purchased using the Signature Amplify card anywhere in the world. This insurance policy covers against accidental damage, loss and theft.
Extended warranty insurance. You can take advantage of extended warranty insurance of up to 12 months on the manufacturer's Australian warranty is simply an extension of the Australian warranty and this is applied when the goods purchased have a warranty of fewer than 5 years.
Price guarantee cover. If you make a purchase and find the item at a cheaper price within 21 days, you can make a claim to receive a refund on the price difference. The price difference must be greater than $75 and is valid for stores within a 25km radius.

Rates & fees

Annual fee. This card charges a standard annual fee of $279 p.a.
Purchase interest rate. The variable purchase rate of the Amplify Signature is 19.74% p.a.

Cash advances. Cash withdrawals and cash equivalent transactions accrue interest at the 21.49% p.a. variable cash advance interest rate. You'll also be charged a cash advance fee of 2% or $2.50 (whichever is greater, capped at $150/transaction).
Interest-free days. When you pay your monthly payment balance in full, which excludes current balance transfers, listed on your statement by the payment due date, you will receive up to 55 days interest-free on new purchases. Note that interest-free days are separate from any longer-term interest rate promotions.
Foreign transaction fee. If you use this card overseas or online with international merchants, you will be charged a 3% foreign currency conversion fee.
Additional cardholder. You can earn more Qantas Points when you request an additional cardholder for $0. The cardholder must be at least 16 years old and the primary cardholder will be liable for transactions made with this card.

Go to Bank of Melbourne's site More info

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

4 Comments

Adam
January 13, 2019

If one was an Amplify credit cardholder with another bank previously, are they still eligible to apply and receive the points with Bank of Melbourne?

finder Customer Care

Jhez
January 15, 2019

Hello Adam,

Thank you for your comment.

According to the eligibility for the bonus points promotion, existing customers who currently hold an Amplify Platinum or Amplify Signature card issued by St.George, Bank of Melbourne or BankSA, or who have held one in the last 12 months, are not eligible for this offer.

I hope this answered your inquiry. Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

Regards,
Jhezelyn

Linda
October 15, 2018

Hello,

If I apply for this card do I have to wait 12 months before using free lounge passes?

Regards,
Linda

finder Customer Care

Jeni
October 15, 2018

Hi Linda,

Thank you for getting in touch with finder.

Once you apply for this Bank of Melbourne Amplify Signature card and get approved, you may use the complimentary Qantas lounge pass right away. Please note that cardholders receive 2 complimentary Qantas lounge passes only per year.

I hope this helps.

Please feel free to reach out to us if you have any other enquiries.

Thank you and have a wonderful day!

Cheers,
Jeni

Card Types

Cards from

Credit Cards Tips

Balance Transfer Calculator

Bank of Melbourne Amplify Signature Qantas Card