Bank of Melbourne - Amplify Rewards Platinum Credit Card
The Amplify Platinum Credit Card (Amplify Rewards) has a Amplify Points that are earned at a rate of 1 point per $1 spent, uncapped.
This card offers 1 additional cardholder for $0 and up to 55 days interest-free on purchases. Cardholders will also have access to complimentary travel insurance and will also receive extended warranty insurance for up to 12 months.
100,000 Amplify Points when over $3,000 is spent on eligible purchases in the first 90 days.
Annual Fee
$49 for the first year reverts to $124 per year thereafter
Cash Advance Rate
21.99% p.a.
Purchase Rate
20.99% p.a.
Rewards Rate One
1 point(s) per AUD$1 On eligible purchases
Details
Card Type
Visa
Minimum Repayment
2% or $10
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$6,000
Maximum Credit Limit
$80,000
Fees
Annual Fee
$49 for the first year
reverts to $124 per year thereafter
Late Payment Fee
$15
per statement
Cash Advance Fee
3%
per transaction
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 1
additional holders
Rates
Purchase Rate
20.99% p.a.
Cash Advance Rate
21.99% p.a.
Balance Transfer
Balance Transfer Limit
80%
per limit of credit limit
Overseas Spending
Foreign Currency Conversion Fee
3%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
Yes
Rewards
Program
Amplify Rewards
Types
Gift card, travel options, Shopping
Bonus
100,000 bonus points
Reward Rates
Rewards Rate One
1 point(s) per AUD$1
On eligible purchases
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
No
Who is the product designed for?
These products are designed for a class of consumers whose likely needs, objectives and financial situation (as set out below) are aligned with the product and the product’s key attributes.
These products are for those who:
- Need a credit card that provides access to a revolving credit facility to make payments and perform other transactions, and want the ability to earn reward points and receive travel related benefits.
Needs, objectives and financial situation
These products are designed for consumers who:
- Need a credit card that provides access to revolving credit to make payments and perform other transactions.
- Want to earn reward points on eligible purchases to redeem them to pay for travel, merchandise, gift cards and other items.
- May want to receive travel benefits including complimentary travel and purchase insurance covers
- May want an interest free period on purchases.
- May want to access Plan& Pay to split credit card repayments into manageable instalments.
- May want to transfer a balance from one or multiple credit or store cards.
- May want access to spending control.
- Are able to meet repayment obligations.
Visit Bank of Melbourne to view Target Market Determination Effective From: 2024-10-04.
