Are you looking to increase your spending power and earn rewards easily? The Bank of Melbourne Amplify Platinum Credit Card is a great option for those who want to maximize rewards without dealing with high fees. With an offer of 100,000 bonus Amplify Points after meeting the spending requirement, this card lets you earn 1 Amplify Point for every dollar spent on eligible purchases.
In this article, we will go over the benefits, fees, and how to apply for the Bank of Melbourne Amplify Platinum Card.
Why Choose the Bank of Melbourne Amplify Platinum Credit Card?
This card offers features that appeal to both frequent shoppers and travelers. Here are some key reasons to consider it:
Generous Bonus Points
New cardholders can earn 100,000 bonus Amplify Points by spending $3,000 on eligible purchases within the first 90 days. You can redeem these points for up to $450 in eGift cards, providing excellent value.
Competitive Points Earning Rate
You earn 1 Amplify Point per $1 spent on eligible purchases. There’s no cap on points, allowing you to collect points quickly and redeem them for travel, shopping, or other rewards.
Complimentary Insurances
This card comes with free travel insurance, purchase protection, and extended warranty insurance, giving you peace of mind while traveling or shopping.
Flexible Redemption Options
Your Amplify Points never expire, so you can redeem them whenever it’s convenient. You can use points for gift cards, travel rewards, or even transfer them to frequent flyer programs like Velocity and KrisFlyer.
Mobile Wallet Compatibility
The Bank of Melbourne Amplify Platinum Card works with Apple Pay, Google Pay, and Samsung Pay, making transactions quick and easy.
Pros and Cons of the Bank of Melbourne Amplify Platinum Credit Card
| Pros | Cons |
|---|---|
| 100,000 bonus Amplify Points on eligible spend | $124 annual fee |
| Earn 1 Amplify Point per $1 spent | 3% overseas transaction fee |
| Complimentary travel and purchase insurance | Points capped at $250,000 annually |
| Flexible redemption options | |
| Mobile wallet compatibility |
Fees and Interest Rates of Bank of Melbourne Amplify Platinum Credit Card
Here is a breakdown of the fees and interest rates for the Bank of Melbourne Amplify Platinum Card:
| Fee | Amount |
|---|---|
| Annual fee | $124 p.a. |
| Balance transfer fee | 2% of the transferred amount |
| Overseas transaction fee | 3% of the converted amount |
| Cash advance fee | 3% of the cash advance or $3.75 (whichever is higher) |
| Late payment fee | $15 |
| Over-limit fee | $15 |
| Purchase interest rate | 20.99% p.a. |
| Cash advance interest rate | 21.99% p.a. |
How to Apply for the Bank of Melbourne Amplify Platinum Credit Card?
To apply, simply call Bank of Melbourne customer service at 13 22 66. A representative will help guide you through the application process and answer any questions you may have.
Eligibility Criteria
To apply for the Bank of Melbourne Amplify Platinum Card, you need to meet the following requirements:
- Be at least 18 years old.
- Have a good credit history.
- Meet the bank’s income and credit assessment criteria.
- Provide valid proof of identity and address.
Conclusion
The Bank of Melbourne Amplify Platinum Credit Card is a great option for those who want to earn rewards while enjoying valuable perks. With its bonus points offer, competitive earn rate, and complimentary insurance, this card enhances your spending experience. If you meet the eligibility criteria and are comfortable with the fees, this card could be the right fit for you.