Bank of Melbourne offers competitive credit card features with up to 18 months on balance transfers, 0% on purchases, no annual fees and platinum cardholder benefits.
Operating under the Westpac umbrella along with St.George and BankSA, the Bank of Melbourne is the local bank for all Victorians. There are hundreds of Bank of Melbourne branches, banking centres and ATMs in every corner of the state. As a result of their parent company Westpac, you will find that they share many of the same credit products as the big bank and its sister financial institutions. This includes offers like rewards credit cards with Amplify points and balance transfer deals.
You don’t have to be a Victorian resident to apply for a Bank of Melbourne credit card though as their products are available for all eligible applicants in Australia. This includes a special promotional offer of zero interest when you open a new charge account and transfer your balances. The amount of time you have to pay that balance off will depend on the type of card you choose.
Bank of Melbourne Credit Card Offer
Bank of Melbourne offers a low rate balance transfer offer. Plus a low ongoing purchase rate and a low annual fee.
- $55 p.a. annual fee
- 1% p.a. for 12 months (reverts to 13.24% p.a.) on purchases
- 0% p.a. for 18 months on balance transfers
- Cash Advance Rate of 21.49% p.a.
- Up to 55 days interest free
Comparison of Bank of Melbourne Credit Cards
Rates last updated October 21st, 2016.
- Bank of Melbourne Amplify Signature
30,000 bonus points, 1% purchase + 0% balance transfer offers valid until 4 January 2017.
September 30th, 2016
- Bank of Melbourne Vertigo Platinum
Balance transfer offer changed from 20 to 18 months, extended until 4 January 2017.
September 30th, 2016
- Bank of Melbourne Vertigo Visa Credit Card
Intro APR of 1% for 12 months and BT offer of 0% for 18 months extended until 4 January 2017.
September 30th, 2016
Types of credit cards from Bank of Melbourne
Bank of Melbourne offer credit cards to suit most needs and purposes. Bank of Melbourne low rate and no annual fee credit cards can deliver savings, but if your pockets are a little deeper, Bank of Melbourne also have rewards credit cards that can be linked to the Amplify Rewards or Qantas Frequent Flyer programs.
Low rate credit cards
Bank of Melbourne offer two versions of their low rate Vertigo Visa credit card. The annual fee is the main difference here. The Vertigo Platinum also offers insurance, which can save you money and give you peace of mind. Low rate cards are handy if you want to pay down a balance transfer and also make the odd purchase. There are no interest-free days if you carry a balance transfer — interest is charged right away. Low rate credit cards have the lowest purchase rates of interest out of any card type on the market.
No annual fee credit cards
The Bank of Melbourne No Annual Fee Credit Card is an option for any customer who wants to take advantage of the flexibility of a credit card without having to worry about paying an annual fee. No annual fee credit cards have a higher purchase rate than a low rate credit card, but you still get interest-free days if you pay your statement in full each month. Keep an eye out for purchase rate promotions on a no annual fee credit card, this gives you access to both product types — no annual fee and low or interest free purchases, even if it is only for a limited period.
Rewards credit cards
Apply for a Bank of Melbourne Amplify Credit Card and be rewarded with Amplify Points when you spend, or opt-in to the Qantas Frequent Flyer Program instead. You earn twice the number of Amplify Points compared to Qantas Points when you spend. Compare rewards credit cards by their annual fee, the earn rate and value-adding extras such as insurance.
The benefits of banking with Bank of Melbourne
Bank of Melbourne credit cards and services come with additional features that can make banking easier. Benefits include:
Westpac Group ATM access
You can use your Bank of Melbourne credit card for free at one of the hundreds of Bank of Melbourne ATMs throughout Victoria. Along with St.George and BankSA, Bank of Melbourne operates under the Westpac Group. If you’re away from home, you can still use St.George and BankSA ATMs free of charge as well — you don’t have to stay in Victoria to benefit from banking with the Bank of Melbourne.
Manage your account online
Register your Bank of Melbourne credit card for online banking so you can repay your account, make payments to accounts in Australia and overseas and view statements anywhere, anytime. As nice and friendly as the team at Bank of Melbourne are, there’s no need to go to a branch to handle most banking services. Internet banking lets you do everything from your smartphone, tablet or desktop device.
The Birthday Bonus is a fun feature of the Bank of Melbourne Amplify Signature Visa Card. Get 10% of the total number of the points you’ve earned in the year as a bonus when it’s your birthday. This is Bank of Melbourne’s way of saying ‘Happy Birthday!’
Spend and be rewarded with Amplify points or opt for the Qantas Frequent Flyer Program instead. Upgrade to platinum and receive complimentary insurance covers and double points on international purchases, or get the highest earn rate uncapped with the Amplify Signature Card. This card also comes with a birthday bonus and two free airport lounge passes each year.
If you’re approved for any Bank of Melbourne credit card before the 23rd September 2015, you can enjoy 0.0% p.a. interest on your purchases for three months, and 0.0% p.a. on any balance transfers made at the time of application.
Visa purchase power
Visa is one of the most widely recognised credit card logos in the world, making it easy to purchase in person, online, over the phone and overseas.
How to compare Bank of Melbourne credit cards
Before applying for a Bank of Melbourne credit card, you’ll need to ask yourself the following questions:
- What are the interest rates? It is not unusual for the interest rate on a cash advance to be slightly higher than the purchase rate, but it should be competitive to what other banks are offering.
- How much is the cash advance fee? With the Bank of Melbourne, and all banks in the Westpac group, you are not charged a fee when using an ATM in their network. Fees can incur if you use a different bank’s ATM or if you make withdrawals overseas using your Visa credit card.
- What is the rewards program like? Make sure that the rewards program compliments your existing spending patterns. If you don’t fly with Qantas or shop with any of Bank of Melbourne’s partners, then you’ll find it difficult to earn enough rewards to offset the costs of the card.
- What is the annual fee? If the value of the rewards you earn doesn’t counteract the annual fee, then you’re not using the card to its full potential.
How to apply for a Bank of Melbourne credit card
The online application should only take ten to fifteen minutes to complete and you will have a response from the Bank of Melbourne within a couple of minutes.You will need to provide information about the following to complete an online application for a Bank of Melbourne credit card.
- Personal information. You need to verify your identity if you want to apply for a Bank of Melbourne credit card. This can be done using your driver’s licence number. Your current address, contact details and date of birth also need to be entered to complete the application.
- Financial information. Bank of Melbourne need to know about your income and your expenses. This includes information about your ongoing expenses like food, budget and rent, and any money you receive from income-generating assets, like shares or an investment property.
- Other accounts. If you want to take advantage of a balance transfer offer from the Bank of Melbourne so you can save money on interest repayments. You will need to provide the account number, the amount you want to transfer and the name of the institution of the card you want to transfer from.
The Bank of Melbourne gives you flexibility in your credit card choices, both in the types offered and where you can use them. When making your comparisons, consider the benefit of combining one of Australia’s largest banking networks with that of a Visa credit card. To ensure you find the right fit for you, you’ll need to compare a few options before making a decision.
Frequently asked questions
Have a look at the frequently asked questions if you have a query about Bank of Melbourne credit cards, there’s a good chance you’ll find your answer. If you still can’t find what you’re looking for, ask us a question using the form at the bottom of the page.
What happens after I submit my Bank of Melbourne credit card application?
Once you complete and submit your application for a Bank of Melbourne credit card, you should get an email back from the bank within minutes. The Bank of Melbourne will let you know about the status of your application, which can be approved, declined, or conditionally approved. Conditional approval means you need to provide more information to the bank (like payslips for example) before you can be fully approved.
The email from the bank will also have your application reference number. You can use this number to check on the status of your credit card application.
If you have been approved for a credit card, you should receive your credit card within two weeks. You can elect to pick it up from a branch or you can have it sent to your home address. Once you get your card, activate it by calling the Bank of Melbourne (if you collect the card from a branch they will activate it for you when you pick it up).
If you have not heard from the bank following the submission of your application, call a customer service representative on 13 22 66, Monday to Saturday between 8AM and 8PM.
What’s the minimum repayment on my Bank of Melbourne credit card?
Every credit card has a minimum monthly repayment. In other words, this is the minimum amount you have to pay off your credit card each statement period (if you’re carrying a debt).
You can find the minimum repayment information for each Bank of Melbourne credit card on our review pages.
The minimum monthly repayment must be made by the date shown on your Bank of Melbourne credit card statement, otherwise a late fee will be charged.
How can I transfer my credit card debt to a Bank of Melbourne credit card?
If you would like to transfer your credit card debt to a Bank of Melbourne credit card, you can do so when you apply online. You can also transfer a balance to an existing Bank of Melbourne credit card by completing a balance transfer request form. This form is available from the Bank of Melbourne website or Bank of Melbourne internet banking facility.
The following balance transfer limits apply.
You can transfer as little as $200.
You can transfer up to on your new Bank of Melbourne credit card.
Balance transfers will not be accepted from other Bank of Melbourne, St.George or BankSA credit cards. You can transfer from any other credit, store and charge card issued in Australia.
The balance transfer period starts when the credit card is activated. Allow up to 14 days for the balance transfer to be processed once you activate your Bank of Melbourne credit card.
How do I get a second card for a family member?
You can apply for a supplementary card when you first apply for the Bank of Melbourne credit card. You can also add an additional card to your account after you’ve applied by downloading, completing and sending in an Additional Cardholder Application Form. This is found on the Bank of Melbourne website. Each additional cardholder must be over the age of 16 and must be an Australian resident.
Have a look at our Bank of Melbourne credit card review pages for information about how many additional cardholders you can add to your Bank of Melbourne credit card account.
What do I do if my Bank of Melbourne credit card is lost or stolen?
To prevent liability for fraudulent use of your credit card, you need to get in touch with the Bank of Melbourne as soon as you know that your card has been lost or stolen. The bank will block your credit card right away and make sure that a replacement is sent out to you.
The Bank of Melbourne can be contacted 24 hours a day, 7 days a week.
If you’re calling from within Australia: 1800 028 208
If you’re calling from overseas: +61 2 9553 5883
If you’re overseas and you’re stuck without cash, you can contact Visa or MasterCard to organise an emergency cash advance. The funds in your account can be made available for you to collect from a local merchant while you wait for a replacement card to be sent out to you.
How is my Bank of Melbourne credit card protected from fraud?
Bank of Melbourne monitor your account around-the-clock using the Falcon Fraud management and fraud detection service. If an unusual transaction appears on your account, like a purchase in a foreign country, Bank of Melbourne will attempt to contact you to confirm that it’s you carrying out the transaction and not someone else. If they can’t reach you to verify the transaction, your account will be blocked to prevent further use. In the event that it was actually you who carried out the transaction, a call to Bank of Melbourne is all it takes to get your credit card operating normally again.
You’re also protected by the Visa Zero Liability Policy. If you’re the victim of credit card fraud when you use your card to shop online or to make purchases over the counter, Visa and the Bank of Melbourne will fully reimburse you the defrauded amount as long as you have not contributed to the loss and you contact Visa and the Bank of Melbourne immediately.
How can I raise my credit limit on my Bank of Melbourne credit card?
Bank of Melbourne will assign you a credit limit when you first apply for a credit card. This credit limit is how much the bank is willing to lend to you and is based on how much you can afford to repay.
Each credit card from the Bank of Melbourne has a maximum and a minimum credit limit.
You can apply for a credit limit increase once you’ve had your Bank of Melbourne credit card for six months, and you mustn’t have requested a credit limit increase in the last six months.
You can request a credit limit increase online through your Bank of Melbourne internet banking facility or by sending in a Credit Limit Increase Application Form. You can also request a credit limit increase over the phone by calling Bank of Melbourne on 13 22 66.
If you want a lower credit limit than what you’ve been granted, speak to a Bank of Melbourne representative on 13 22 66 and ask for a credit limit decrease. You can do this at any time.
How do I earn Qantas Points with my Amplify Rewards Credit Card?
Bank of Melbourne Amplify Rewards credit cards also allow you get rewarded with Qantas Points if you’re a member of the Qantas frequent flyer program. This can be a great way to keep your Qantas Points balance growing. You can elect to opt-in to the Qantas Program when you apply for the credit card, or you can opt-in once you’ve got your card by completing a Program Switch Request form. This is found on the Bank of Melbourne website.
If you switch from the Amplify Rewards Program to the Qantas Program, you have 90 days to use Amplify Points before they expire.
Any points you have accrued with the Amplify Program cannot be transferred to your Qantas membership.
How do I cancel my Bank of Melbourne credit card?
If you would like to cancel your Bank of Melbourne credit card and close your account, you can do so at any time by calling a Bank of Melbourne customer service representative on 13 22 66 between 8am and 8pm Monday to Saturday. Just make sure you’ve paid the card’s balance in full before you decide to close the account.