Compare Bank of Melbourne Credit Cards
Compare the latest Bank of Melbourne Credit Card offers. 80,000 bonus Qantas Points. 75,000 bonus Velocity Points. Review your existing Bank of Melbourne Credit Card. Get a better deal today.
Updated 10 December 2024
Offers 1 - 10 of 13
Are Bank of Melbourne Amplify or Qantas Frequent Flyer rewards better?
If you take out a Bank of Melbourne loyalty points Credit Card you’ll generally have the option to link it to Qantas Frequent Flyer or Amplify. We look at the pros and cons of each rewards program to help you choose which is right for you.
How do Bank of Melbourne Amplify credit cards work?
The Bank of Melbourne Amplify program is designed to give you flexibility in the way you choose to redeem rewards points. It allows you to accumulate rewards on your everyday purchases and doesn’t cap the number of points you can earn.
You can then spend these points across a range of categories, including Gift cards . You can also convert your Bank of Melbourne Amplify points to frequent flyer points with 2 different partners, including Velocity Frequent Flyer, andSingapore Airlines Krisflyer.
The following provides more information about these redemption options:
- Gift cards. You can convert your Bank of Melbourne Amplify points for gift cards through a number of retail partners. These include David Jones, Myer, Woolworths, Bunnings, JB Hi Fi, Harvey Norman, and Ampol.
- Airline partners. 2 different frequent flyer programs partner with Bank of Melbourne Amplify offering the following rates of exchange:
- Velocity Frequent Flyer.2 Bank of Melbourne Amplify Points = 1 Velocity Point
- Singapore Airlines Krisflyer.3 Bank of Melbourne Amplify Points = 1 Krisflyer Mile
Which cards come with Bank of Melbourne Amplify?
Bank of Melbourne offers 2 different cards that come with Bank of Melbourne Amplify. These include the entry-level Bank of Melbourne Amplify Rewards Platinum card, as well as the Bank of Melbourne Amplify Rewards Signature. For a higher fee, these offer the opportunity to earn more rewards points, and feature other travel-related benefits.
Summary of the benefits of Bank of Melbourne Amplify cards
| Bank of Melbourne Amplify Rewards Platinum | Fee$124 | International transaction fee3% | Purchase rate21.99% p.a. | Interest free daysup to 55 | Rewards points earned Earn Amplify Points 1point per $1 spent | Other benefits Complimentary travel insurance | Minimum credit limit$6,000 | |
|---|---|---|---|---|---|---|---|---|
| Bank of Melbourne Amplify Rewards Signature | Fee$295 | International transaction fee3% | Purchase rate21.99% p.a. | Interest free daysup to 55 | Rewards points earned Earn Amplify Points 1.5points per $1 spent | Other benefits Complimentary travel insurance Priority Pass airport lounge passes | Minimum credit limit$15,000 |
Current offers on Bank of Melbourne Amplify cards
Bank of Melbourne has the following offers for people taking out a new Bank of Melbourne Amplify card.
Bank of Melbourne Amplify Rewards Platinum
100,000bonus points
$49annual fee in first year
Bank of Melbourne Amplify Rewards Signature
150,000bonus points
$199annual fee in first year
How do the Bank of Melbourne Qantas Frequent Flyer credit cards work?
As the name suggests when you spend money on your Bank of Melbourne Qantas Frequent Flyer card, you earn Qantas Frequent Flyer Points directly. Points are uncapped and the amount you’ll receive depends on how much you spend.
Qantas Frequent Flyer program is extensive, giving you the opportunity to use points for domestic and international flights and upgrades. You can also redeem points for:
- hotels
- shopping, including gift cards and direct purchases from the Qantas Store
- purchases through Qantas Wine
- Qantas Travel Insurance, and
- hire cars and fuel through BP
Which cards come with Qantas Frequent Flyer?
Bank of Melbourne offers 2 different cards that link to Qantas Frequent Flyer. These include the entry-level Bank of Melbourne Amplify Qantas Platinum card, as well as the Bank of Melbourne Amplify Qantas Signature. For a higher fee, these offer the opportunity to earn more rewards points, and feature other travel-related benefits.
Summary of Bank of Melbourne Qantas Frequent Flyer Cards
| Bank of Melbourne Amplify Qantas Platinum | Fee$199 | International transaction fee3% | Purchase rate21.99% p.a. | Interest free daysup to 55 | Rewards points earned Earn Qantas Points 0.5points per $1 spent 50,000 annual points cap | Other benefits Complimentary travel insurance | Minimum credit limit$6,000 | |
|---|---|---|---|---|---|---|---|---|
| Bank of Melbourne Amplify Qantas Signature | Fee$370 | International transaction fee3% | Purchase rate21.99% p.a. | Interest free daysup to 55 | Rewards points earned Earn Qantas Points 0.75points per $1 spent 187,500 annual points cap | Other benefits Complimentary travel insurance Qantas Club lounge invitations | Minimum credit limit$15,000 |
Current offers on Bank of Melbourne Qantas Frequent Flyer cards
Bank of Melbourne has the following offers for people taking out a new Bank of Melbourne Qantas Frequent Flyer card.
Bank of Melbourne Amplify Qantas Platinum
50,000bonus points
Bank of Melbourne Amplify Qantas Signature
80,000bonus points
Which should you get: Bank of Melbourne Amplify or Qantas Frequent Flyer?
Ultimately, whether you should choose a Bank of Melbourne Amplify or a Bank of Melbourne Qantas Frequent Flyer credit card depends largely on how you intend to redeem the points.
If you’re happy flying Qantas and shopping through its partners, then earning Qantas Frequent Flyer points directly can be a great option.Alternatively, if you’d prefer to fly another airline, then the Bank of Melbourne Amplify card gives you the opportunity to redeem through 2 different frequent flyer loyalty programs schemes (Qantas isn’t one of them).
If cost is a consideration, it’s also worth noting that the Bank of Melbourne Amplify cards tends to be slightly cheaper than the Bank of Melbourne Qantas Frequent Flyer cards. But if you’re earning more points on an airline you’d choose to fly, this probably won’t matter.
Alternatively, if you don’t feel like you’ll get value out of rewards points, a low-cost no-frills card could save you money.
In short…
Both cards offer great rewards programs and the choice ultimately comes down to personal preference.