Our verdict

Bank of Melbourne’s Amplify Signature offers 150,000 bonus Amplify Points and a $199 annual fee for the first year, which goes to $295 p.a. after that.

The Bank of Melbourne Amplify Signature is a premium rewards credit card that offers both a competitive introductory offer and ongoing features. The major drawcard here is 150,000 bonus Amplify points, which you can only collect if you spend at least $12,000 on eligible purchases in the first 12 months. This is different to credit card bonus point offers that have spend requirements over the first few months – and averages out to $1,000 of eligible spending each month in the first year.

You can redeem Amplify Points for rewards including gift cards, travel and retail items available through the rewards website, with the bonus points offer giving you enough for $675 in eGift cards. Beyond the introductory offer, this card gives you 1.5 points per $1 spent on eligible purchases with no points cap, 2 Priority Pass airport lounge invitations each year and a mix of complimentary purchase insurance and international travel insurance options.

Pros

150,000 bonus Amplify Points
Discounted $199 first-year annual fee
2 complimentary airport lounge passes per year
Complimentary overseas travel insurance for up to 6 months
Shopping cashbacks through ShopBack

Cons

The annual fee reverts to $295 after the offer period

The Bank of Melbourne Amplify Signature offers the bank’s highest credit card points rate, earning 1.5 Amplify Points per $1 spent. Plus, perks including 2 airport lounge passes each year and complimentary insurance.

Right now, it offers 150,000 bonus Amplify Points when you apply by 30 April 2025 and spend at least $12,000 on eligible purchases in the first year. It also offers a reduced annual fee of $199 in the first year ($295 p.a. in future years).

Details

Product details

Product Name	Bank of Melbourne Amplify Signature
Purchase rate p.a.	Purchase rate p.a. 20.99%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$15,000
Max credit limit	$80,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	Amplify Rewards
Bonus points	150,000
Rewards points per $ spent	1.5

Fees

Annual fee	Annual fee $199 first year ($295 after)
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	Foreign currency conversion fee 3%
Cash advance fee	3%
Overseas cash advance fee	3% of each cash advance amount
Additional cardholder fee	$0
Number of additional cardholders	1

How to apply

If you've compared your options and want to apply for the Bank of Melbourne Amplify Signature, you can fill out an online application form in around 10-20 minutes. Get started by making sure you meet the following eligibility requirements and have all the documents and details you'll need to complete the application.

Eligibility criteria

New cardholder. To take advantage of the bonus point offer on this card, you must not currently hold an Amplify Platinum or Amplify Signature Credit Card from Bank of Melbourne, St.George or BankSA. You also must not have held any of these accounts within the past 12 months.
Residency. To apply online, you must be an Australian citizen or permanent resident.

Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, phone number, residential address, marital status and number of dependents. You also need to provide valid ID, such as your driver's licence, passport or Medicare card.
Employment details. You need to provide details of your current employment status including your job title, length of employment, employer's contact details and your salary. You may also need to provide recent payslips, bank statements or payment summaries to verify your income.
Financial details. This covers any other forms of income – such as pensions or government payments – as well as savings and other assets. You also need to share details of your existing debts, loans and credit cards, as well as estimates of your regular household expenses such as rent, mortgage payments, bills and groceries.

Card benefits

150,000 bonus Amplify Points. Apply by 30 April 2025 to collect 150,000 bonus Amplify Points in the first year when you spend at least $12,000 on eligible purchases. Points will be credited to the account within 12 weeks of meeting the spend criteria.
Reduced first-year annual fee. Save with a $199 annual fee for the first year (reverts to $295 p.a. thereafter) when you apply and get approved by 30 April 2025.

Amplify Rewards program. The Amplify Signature earns 1.5 points for every $1 spent on eligible purchases in Australia and overseas, with no points cap. Eligible purchases cover most everyday spending categories, including groceries, petrol, dining and travel. Transactions that are not eligible to earn points include BPAY payments, a purchase from or payment to a government or government related agency, account fees and cash advances.
Shopping cashbacks. Eligible Bank of Melbourne credit card holders can get cashbacks when they shop with their card on the online rewards platform ShopBack.
Airport lounge passes. Receive 2 complimentary Priority Pass lounge visits per year when you enroll online at prioritypass.com/amplifysignature.
Complimentary travel insurance. Get access to complimentary, comprehensive travel insurance when you use this card for at least $500 of your prepaid travel costs – such as flights and accommodation – and when you have a return ticket for your overseas trip. This cover includes medical expenses, unexpected cancellation and rental vehicle excess. It is also available for your eligible spouse and dependent children when they are travelling with you and meet the eligibility requirements.
Complimentary insurance for shopping. The Bank of Melbourne Amplify Signature card offers complimentary purchase security insurance, extended warranty insurance and price guarantee cover when you use it to pay for eligible items.

Rates & fees

Annual fee. Outside of any promotions, this card charges a standard annual fee of $295.
Interest rate. The variable purchase rate of the Amplify Signature card is 20.99% p.a.

Interest-free days. When you pay your monthly payment balance in full, which excludes current balance transfers, listed on your statement by the payment due date, you will receive up to 55 days interest-free on new purchases. Note that interest-free days are separate from any longer-term interest rate promotions.
Cash advance rate. The variable cash advance rate is 21.99% p.a.
Foreign transaction fee. If you use this card overseas or online with businesses that process payments overseas, you will be charged a 3% foreign currency conversion fee.
Additional cardholder. Add an additional cardholder for $0.

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Amy Finder

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scott whiley

September 16, 2024

if I spend 12000 in the say first 6 months am I credited with the bonus points at that stage or must I wait until the end of the first 12 months

Richard Whitten Finder

September 17, 2024

Hi Scott,

From the bank’s website: The bonus Amplify Points will be added to your points balance within 12 weeks of the eligible spend criteria being met.

In other words, once you hit the $12K spending requirement, you only have to wait 12 weeks rather.

Claude Cheniart

May 17, 2024

Do I have complimentary insurance on a rental car

Angus Kidman Finder

September 23, 2024

Hi Claude, the complimentary insurance for this card does cover rental vehicle excess charges on overseas trips (provided you’ve booked at least $500 of travel expenses relating to the trip on the card). However, you may still want to take out insurance on the rental itself to cover accidental damage.

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Allan Frederick

June 12, 2023

You say points are Amplify Rewards. Are these Qantas Frequent Flyer rewards and how and when are they sent to my QFF Points tally as I am a Platinum QFF Member

Amy Bradney-George Finder

June 15, 2023

Hi Allan,

Yes, you can earn Qantas Points with the Bank of Melbourne Amplify Signature Qantas Credit Card. Details of the Qantas Points earned and transferred to your frequent flyer account will be shown on each statement. I hope that helps.

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Gary

December 17, 2018

WHERE DO YOU GO TO ON THE SITE TO APPLY?

Jhezelyn Finder

December 18, 2018

Hello Gary,

Thank you for your comment.

To apply for the Bank of Melbourne Amplify Signature – Online Offer through finder, please click the Go to Site (green) button above.

Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

Regards,

Jhezelyn

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Sarah

March 13, 2018

Hi There,

Just wondering if anyone knows whether it is ok to do the Qantas bonus points offers across St George, Bank of Melbourne? I read the fine print and it’s not excluded specifically, but only now refers to “Amplify” program so not sure if this is across their entire group.

Thanks!

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July 20, 2018

How long does it take the card to arrive?

Jeni Velasco Finder

March 13, 2018

Hi Sarah,

Thanks for getting in touch with finder.

Since you are enquiring about earning Qantas bonus points if not an Amplify Signature Credit Card user, you can also refer to this link https://www.finder.com.au/credit-cards/bank-of-melbourne-credit-cards. As you can read from the said page, cards which are not Amplify are not earning Qantas bonus points. You can see them when you look at the table to compare the credit cards and check under Rewards Program tab.

I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

Have a wonderful day!

Cheers,

Jeni

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