Amplify Platinum (Amplify Qantas)
Bonus PointsEarn 60,000 Bonus Qantas Points and 0% p.a. for 6 months on balance transfers.
- Last updated on 09 Jul 2020
Balance Transfer Rate
for 6 months then 21.49%
Max Free Days
- Balance Transfers Available
- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Extended warranty
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
for 6 months then 21.49%
of the approved credit limit
Balance Transfer Fee
Foreign Exchange Fee
3% on Visa
Estimated ATM Cost
for AU $300 withdrawal
Qantas Frequent Flyer
Gift Card, Domestic Flights, International Flights, Flight Upgrades, Qantas Shop, Qantas Hotels
NO strict minimum income, all circumstantial
|0.5 points for $1 spent||Visa||uncapped||eligible purchases|
- FREE DOMESTIC TRAVEL INSURANCE
- FREE INTERNATIONAL TRAVEL INSURANCE Cover lasts for 90 days per year
- FREE SUPPLEMENTARY CARDS
- EXTENDED WARRANTY
- Bonus PointsBalance Transfer Earn 60,000 Bonus Qantas Points and 0% p.a. for 6 months on balance transfers.Bonus points earned when you apply for a new Amplify Platinum credit card and spend at least $2,000 on eligible purchases made with the card within 90 days of card approval. Balance transfer offer applies when requested at card application. NO balance transfer fee applies.
Can redeem twice the number of Qantas Points, once with Amplify Platinum card and again with program partner
Compare and review credit cards with similar features
The bank offers a number of credit cards alongside personal finance products such as bank accounts, home loans and personal loans.
Although Bank of Melbourne branches are limited to Victoria, customers can also get service at St George Bank and SA Bank branches in other states, and access their ATM networks.
Bank of Melbourne Amplify Platinum (Amplify Qantas) credit card features a moderately high interest rate, a moderate annual fee and a moderate number of interest-free days. It also has a moderate minimum credit limit.
Customers can earn uncapped Qantas Points for eligible purchases as part of the card’s Qantas Amplify rewards program. Points can be redeemed for flight discounts, upgrades and other rewards.
The Bank of Melbourne Amplify Platinum (Amplify Qantas) card also comes with a range of complimentary insurances, such as travel insurance, extended warranty insurance and price guarantee cover on eligible purchases.
There is no introductory balance transfer rate associated with this card, however one additional cardholder is allowed at no extra cost. Cardholders also have access to a 24-hour complimentary concierge service offering assistance with holiday bookings, gift purchases and more.
- Frequent flyer program
- Complimentary insurance
- Free additional cardholder
- High interest rate
- No balance transfer deal
- Overseas transaction fees
Who is it good for?
The Bank of Melbourne Amplify Platinum (Amplify Qantas) credit card is especially suited to current Qantas Frequent Flyer members who use their credit card for regular purchases and travel frequently. For these customers, this card offers the potential to save money by earning uncapped points and redeeming them for useful rewards.
Couples and other people wishing to share a credit card could also benefit from this card’s allowance for a supplementary card at no added cost.
This card isn’t particularly good for those with existing credit card debt, as any transferred balance is subject to the standard cash advance rate from day one.
Similarly, this card has a high interest rate and moderate fees, which means it probably isn’t a suitable option for people wanting to cut down on costs or who aren’t always able to pay off their full balance on a monthly basis.
What RateCity says
The Bank of Melbourne Amplify Platinum (Amplify Qantas) card offers specific benefits to a particular customer base – namely Qantas Frequent Flyer members or people looking to earn frequent flyer points for spending. Joint spenders could also be attracted to the potential for earning points faster by sharing an account.
As is typical for a rewards card, the Bank of Melbourne Amplify Platinum (Amplify Qantas) credit card has a high interest rate. So if this card’s rewards program doesn’t particularly appeal to you, you may be better off choosing one with a more versatile rewards program.
Likewise, this card offers few advantages in terms of money-saving potential as it doesn’t come with a balance transfer deal or a particularly low rate or fees. As such, if you’re searching for a budget card, it may be worth seeing if you can find one that offers better value for money.
To apply for the Bank of Melbourne Amplify Platinum (Amplify Qantas) card, you must be at least 18 years of age and an Australian permanent resident or citizen. When you apply, you will need to provide proof of identification, proof of income and employment (such as bank statements and payslips) and information about any financial commitments you have. Applications can be completed online or in-branch and take around 10 minutes to complete. You should receive a response on the spot.
About Bank of Melbourne
Bank of Melbourne is owned by Westpac, which rebranded all St George Bank branches in Victoria to Bank of Melbourne in 2011. The bank offers personal finance products such as bank accounts, credit cards, home loans and personal loans. Internet banking is available through the Bank of Melbourne website and the mobile banking app. Customer support is also available via phone, in-app or by visiting one of the bank’s branches (or St George Bank branches in states other than Victoria).
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
Yes, as credit card providers look at your annual income amount as well as your occupation. Minimum income requirements tend to be between $30,000 – $40,000 for standard and rewards credit cards, however low income credit cards can have minimum income requirements as low as $15,000 per year.
If you’re wondering about how to make a credit card online application, here are some steps to follow:
- Test the market. Many credit card options are available online. Compare providers by fees, interest and perks to ensure you’re getting the best deal.
- Complete the application. Once you’ve selected a card, head to the provider’s website and complete the online credit card application form. Forms vary by providers.
- Provide details. Most cards require you to meet age, residency, income and credit status condition, and you need to provide details like a bank account statement to prove this.
- Review details. Ensure the information you’ve entered is correct.
In Australia it is impossible to get a credit card without the provider performing a credit check first. This is for your benefit, as it helps to prevent you from falling into avoidable debt.
Different states also have different rules about whether you can pay stamp duty with a credit card. Check the payment options for stamp duty on your local state revenue office website.
Some allow payments only from a savings or chequing account, whereas others allow payment through BPAY using your credit card. Also read the fine print to see if BPAY payments on your credit card are considered cash advances, as this could attract a higher interest rate.
Generally, when we talk about credit card interest, we mean the purchase interest rate, which is the interest charged on purchases you make with your credit card.
If you don’t pay your full balance each month (or even if you pay the minimum amount), you are charged interest on all the outstanding transactions and the remaining balance. However, interest is also charged on cash advances, balance transfers, special rate offers and, in some cases, even the fees charged by the company.
The interest rate can vary, depending on the credit card. Some have an interest-free period, otherwise you start paying interest from the day you make a purchase or from the day your monthly statement is issued. So avoid interest by paying the full amount promptly.
Yes, there are credit cards available with students in mind. These can help young Australians to build their credit report and learn crucial life skills around budgeting and managing personal finances.
It is possible to get a credit card as a pensioner. There are some factors to keep in mind, including:
- Annual income. Look for credit cards with minimum annual income requirements you can meet.
- Annual fees. If high fees are a concern for you, opt for a card with a low or $0 annual fee.
- Interest rate. Make sure you won’t have any nasty surprises on your credit card bill. Compare cards with a low interest rates to minimise risk.
It’s important to cancel your old cards to avoid any additional fees. Unless you’re doing a balance transfer, you’ll need to pay the outstanding balance before you cancel your credit card. If you’ve opted for a card with reward points, make sure you redeem or transfer the points before you close your account. To avoid any bounced payments and save yourself an admin headache, redirect all your direct debits to a new card or account. Once you’ve done all the preparation, call your bank or credit card provider to get the cancellation underway. Once you receive a confirmation letter, destroy your card and make sure the numbers aren’t legible.
Yes, some lenders will provide credit cards to Australians with bad credit scores. It depends on the provider's individual lending criteria and whether you’ve presented your personal finances to show you’re an ‘ideal’ applicant.
Banks and merchants usually will not allow you to access cash without a physical card, because doing so would open up opportunities for fraudulent activities. Even most non-cash credit card transactions (such as shopping online) require you to know the expiry date and CVV on your credit card in addition to the card number.
However, some banks offer cardless cash for transaction accounts. Using a secure app installed on your mobile phone, you can log onto an ATM and withdraw the money you need. This could be a practical and secure solution if you don’t have a card and need cash.