One of the biggest regional banks in Australia is the Bank of Melbourne (BOM), which is a part of the Westpac Group. BOM offers several business and corporate credit cards in addition to credit cards for regular purchases.
Based on the credit card you use, My Offers Hub will provide you access to mobile wallets, payment plans, and exclusive shopping offers. Also, anyone can open a BOM account (although it only has branches in Victoria).
History
Australian financial institution The Bank of Melbourne was founded in 1989 and was acquired by Westpac Banking Corporation (Westpac) in 1997. It is situated in Melbourne. The Bank of Melbourne branches were rebranded as Westpac branches by Westpac in 2004. After deliberately rebranding its acquisition of Bank of St. George in Melbourne and perhaps in response to its first closure of the name, Westpac revived the brand in 2011.
Bank of Melbourne Credit Cards
Bank of Melbourne Vertigo Credit Card
- Balance transfer at 0%.
- 32 months of 0% interest on balance transfers with a 1% BT fee.
- Low rate of repeat purchases.
- Purchases are interest-free for up to 55 days, and an additional cardholder is free.
Bank of Melbourne BusinessVantage Credit Card
- Low-rate business card.
- Additional cardholders may total up to 99 with their own card restrictions.
- Free protection from unauthorized transactions.
Bank of Melbourne No Annual Fee Credit Card
- No annual charge, 0% on purchases.
- For the first 12 months, interest on purchases is charged at 0% p.a.
- Pay no yearly charge.
- Add up to three more cardholders without paying extra.
Bank of Melbourne Vertigo Credit Card – Cashback Offer
- Cashback of up to $400.
- Get 10% cash back on your purchases at some top supermarkets, up to $400.
- 13.99% annual purchasing rate is a low rate.
- Applying eligibility requirements and T&Cs.
Reward Cards
Bank of Melbourne Amplify Platinum Credit Card
- 90,000 bonus Enhance points.
- Spend $3,000 on eligible items within the first 90 days to receive up to $400 in eGift cards.
- 24 months of 0% interest on balance transfers; 1% balance transfer charge.
- Reduced annual card cost for the first year.
Bank of Melbourne Amplify Signature Credit Card
- Bonus Amplification points of 150,000.
- When you spend $12k on eligible goods in the first year, you can receive up to $675 in eGift cards.
- For balance transfers requested at new card application with a 1% BT fee, enjoy 0% p.a. for 24 months.
- Features of a premium reward card with first-year annual fee savings.
Bank of Melbourne Amplify Signature Credit Card – Qantas
- Bonus Qantas points worth 90,000.
- when you use a new card for purchases totaling $6,000 within 90 days of its approval.
- Get 0% interest per year for 24 months on balance transfers requested when applying for a new card, plus a 1% BT fee.
- For each dollar spent, earn 0.75 Qantas points.
- Features of premium reward cards.
Bank of Melbourne Amplify Business Credit Card
- Get Qantas or Amplify Rewards points, plus the first year’s charge is free.
- Unrestricted points on commercial purchases.
- For every $1 purchased, earn two Amplify Points or one Qantas Point.
- Free additional 3 cardholders.
Bank of Melbourne Amplify Platinum Credit Card – Qantas
- Bonus Qantas points of 60,000.
- within the first 90 days after you spend $3,000 on eligible products. (1% BT fee applies) 0% p.a. for 24 months on balance transfers.
- With every $1 spent on eligible purchases, earn 0.5 Qantas Points.
Advantages of acquiring a credit card from Bank of Melbourne.
With a Bank of Melbourne credit card, you may anticipate a variety of benefits and services, including:
My Offers Hub.
Via the My Offers Portal, a personal Bank of Melbourne card gives you access to savings and promotions from companies like Myer, Priceline, and THE ICONIC.
You only need to log in to your mobile or online bank account and visit the “My offers and benefits” area to see the most recent offerings. By adjusting your marketing preferences through Internet banking, you can furthermore choose to receive offers via email.
Birthday Bonus Points for Bank of Melbourne Amplify Signature customers.
The Bank of Melbourne Amplify Signature Credit Card has a birthday bonus feature that awards you an extra 10% of the points you’ve accrued for $1 spent over the preceding 12 months. Remember that any additional bonus points you may have earned during that time are not taken into account for this benefit.
Payment schedules.
You may set up 0% interest installment plans with the Bank of Melbourne to pay off brand-new purchases or a portion of your amount over the course of 3, 6, or 12 months. Plan&Pay allows you to create an installment plan for any credit card purchase over $200 you made within the past 30 days or to settle the amount on an eligible card.
A plan may also be canceled at any time. These installment plans have no interest, but there is a one-time fee of 1% for a three-month plan, 2% for a six-month plan, and 4% for a twelve-month plan.
Security.
To help keep your account secure, Bank of Melbourne credit cards provide 24/7 fraud monitoring and support services. Call the Bank of Melbourne’s 24/7 customer service line in Australia at 1800 772 266 if you have any suspicions about any transactions or need to report a lost, stolen, or damaged card, or call from abroad at +61 3 8536 7870.
Also, if fraudulent purchases are made on your credit card, you won’t be responsible for paying for them according to the Bank of Melbourne Fraud Money Back Guarantee. Also, you can use mobile or Internet banking to temporarily lock your card for a period of up to 15 days.
Eligibility requirements.
There are a few requirements you must fulfill in order to be eligible to apply for a Bank of Melbourne credit card. Although each card’s requirements are a little different, they all consist of:
Australian nationality. You must be a citizen or permanent resident of Australia. If you’re a permanent resident and want a credit card, additional terms might be necessary.
Age. At least 18 years of age is required.
How long is the application process?
If you already have an account with the bank, applying for a Bank of Melbourne credit card online takes about 10 minutes; if you’re a new customer, it takes about 20 minutes. The application can be saved and finished at any time within 30 days of when you started it if you need additional time while filling it out.
You can apply by dialing 13 22 66 or going in person to a Bank of Melbourne location.
Information and paperwork required for application.
- Identifying details. This information includes your entire name, birthdate, home address, email address, and phone number. A legitimate piece of identification, such as a driver’s license, Medicare card, passport, or Australian birth certificate, must also be presented.
- Occupational information. Describe your present employment situation in full, including your role, compensation, and the name and contact information for your employer.
- More financial data. All additional sources of income as well as assets like savings and investments are included in this. You must also list any debts or credit card balances you may have, as well as continuing costs like rent, bills, and groceries.
Conclusion
In conclusion, the Bank of Melbourne offers a variety of credit cards that cater to different needs and lifestyles. With competitive fees, interest rates, and rewards, they provide great value for their customers. The bank’s history and reputation further add to its credibility as a trusted financial institution.
FAQ
Q1. How many days will I have interest-free use of a Bank of Melbourne credit card?
Regardless of the credit card option you select from Bank of Melbourne, you have 55 days to pay off any purchases before incurring interest fees.
Q2. Can I use my Bank of Melbourne credit card for contactless transactions?
Yep! Your Bank of Melbourne credit card is compatible with the PayWave ‘tap’ payment system because it is part of the VISA network.
Q3. What costs could I expect to pay?
All Bank of Melbourne credit cards, with the exception of the no fee card, have an annual fee that can be anything from minimal to substantial, depending on the card you choose. Additional fees include those for cash advances and currency exchange.