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Amplify Platinum (Amplify Rewards)



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentVisauncappedeligible purchases
  • Free Domestic Travel Insurance
  • Free International Travel Insurance Cover lasts for 90 days per year
  • Free Supplementary Cards
  • Extended Warranty
  • Concierge


The Bank of Melbourne Amplify Platinum (Amplify Rewards) card has a moderately high interest rate on purchases, a moderate annual fee and a moderate interest-free period. There is also a moderately low late repayment fee. Cardholders can earn Qantas or Amplify reward points when they spend with the card, and Amplify points can then also be converted to Velocity Frequent Flyer points when cardholders opt in to the conversion program.

The card is automatically linked to a Bank of Melbourne account if you don’t have one already. An additional cardholder over 16 years of age may be added for free, but all additional card transactions are the responsibility of the primary account holder.

Visa payWave contactless payments are available for transactions under $100 and the card has 24/7 fraud monitoring. Phone and internet banking are also available.

  • Choice of rewards program
  • Complimentary insurances
  • Free additional cardholder
  • Moderately high cash advance rate
  • Moderately high interest rate
  • Charges an annual fee

Who is it good for?

This card may suit frequent travellers who want to clock up the rewards points when they use it to purchase. By offering two rewards schemes, Amplify and Qantas, cardholders can decide which best suits their needs. Also, since the Amplify points can be converted to Velocity Frequent Flyer points when cardholders opt in to the conversion program, there is wide range of options when it comes to spending these points, even you’re not planning to travel in the near future.

The Amplify offers a slightly better spend/earn ratio at 1 point per $1 spent on eligible purchases, both here and overseas. The Qantas scheme is not quite as attractive, earning approximately 0.5 Qantas points per $1 spent on eligible purchases. However, these can be redeemed for flights and upgrades with Qantas and any of its 35 partner airlines, or on a variety of products from the Qantas Store.

What RateCity says

The Bank of Melbourne Amplify Platinum (Amplify Rewards) card offers cardholders the opportunity to earn decent rewards points while they spend. However, it also comes with higher end rates on purchases and cash advances. It’s also worth noting that there are platinum cards out there that offer slightly better spend/earn ratios for points.

That said, the card also offers complimentary travel insurances and extended warranty insurance, plus a free additional cardholder to help push up the points earning rate. Also, having the choice of two rewards schemes means you can plan to earn the points that will be most useful for you, whether they are for travel, upgrades or redeeming them on products or experiences.

If the rewards schemes and other benefits appeal to you, then it’s certainly worth keeping this card in mind when you’re comparing different cards.


To apply for the Bank of Melbourne Amplify Platinum card, you must be at least 18 years old and have a good credit rating. Applicants must be either a permanent resident or citizen of Australia, although the card is also available to temporary residents if they hold a current 457 subclass visa. Joint applications are also available. Applications can be completed quickly online or in person at a branch of the bank.

About Bank of Melbourne

The Bank of Melbourne was established in 1989, when the RESI Building Society was granted a banking license by the government. Initially, the bank focused its operations on retail banking and lending in the residential property market, reflecting its building society roots. It was taken over by Westpac in 1997. With its head office in Melbourne and an emphasis on local investment in Victoria, the bank now has over 100 branches across the state.

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