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Compare Bank of Melbourne Credit Cards

Compare the latest Bank of Melbourne Credit Card offers. 0% for 28 months on Balance Transfers. 90,000 bonus Qantas Points. 75,000 bonus Velocity Points. Review your existing Bank of Melbourne Credit Card. Get a better deal today.


Updated 6 July 2024


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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 Woolworths, Bunnings, David Jones, Ampol, Myer, Westfield, Harvey Norman, and more.
  • 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.2 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.
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.
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

Bonus Points Offer

100,000bonus points

0% for 24 monthson balance transfers (1.00% BT fee applies), reverts to 21.99% p.a.

$49annual fee in first year

Bank of Melbourne Amplify Rewards Signature

Bonus Points Offer

150,000bonus points

0% for 24 monthson balance transfers (1.00% BT fee applies), reverts to 21.99% p.a.

$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.
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.
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

Bonus Points Offer*

up to 70,000bonus points

0% for 24 monthson balance transfers (1.00% BT fee applies), reverts to 21.99% p.a.

Bank of Melbourne Amplify Qantas Signature

Bonus Points Offer

90,000bonus points

0% for 24 monthson balance transfers (1.00% BT fee applies), reverts to 21.99% p.a.

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.


More information
* Select “learn more” for additional information regarding fees, interest rates, rewards and other features.
^ Credit card reward programs can be difficult to compare due to tiered and capped points earn rate structures. To simplify comparison, we estimate the number of points you could earn per $1 spent, assuming $5,000 of spend on eligible purchases each month.
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