Bank of Melbourne Credit Cards

Overview of the Bank of Melbourne Credit Cards

No matter what your current spending habits are like, the Bank of Melbourne has a credit card that is ideally suited to you and your needs. With so many different features, benefits and perks to choose from, it should be easy to find the right card that is suited to you.

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.

• $0 p.a. annual fee for the first year ($55 p.a. thereafter) annual fee
• 13.24% p.a. on purchases
• 2.99% p.a. for 6 months on balance transfers
• Cash Advance Rate of 21.49% p.a.
• 55 days interest free

Read the Bank of Melbourne Vertigo Credit Card terms and conditions.

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			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	Bank of Melbourne Vertigo Credit Card	Enjoy a low rate on your everyday purchases with a low balance transfer deal.	13.24% p.a.	2.99% p.a. for 6 months	$0 p.a. annual fee for the first year ($55 p.a. thereafter)	21.49% p.a.
	Bank of Melbourne – Gold Low Rate Card	Complimentary travel insurance plus a low annual fee.	15.99% p.a.		$0 p.a. annual fee for the first year ($79 p.a. thereafter)	20.24% p.a.
	Bank of Melbourne – No Annual Fee Card	No annual fee credit card from Bank of Melbourne.	20.49% p.a.		$0 p.a.	20.49% p.a.
	Bank of Melbourne – Amplify Visa Card	A low interest rate offer with a low annual fee.	18.74% p.a.	0.99% p.a. for 6 months	$0 p.a. annual fee for the first year ($79 p.a. thereafter)	20.74% p.a.
	Bank of Melbourne – Platinum Visa Card	A platinum credit card with a low interest rate on balance transfers.	15.99% p.a.	3.99% p.a. for 6 months	$0 p.a. annual fee for the first year ($89 p.a. thereafter)	21.49% p.a.

Vertigo Credit Card

The Bank of Melbourne Vertigo Low Rate MasterCard is the ideal card for anyone wanting to pay less money on credit card interest charges. Any customer wishing to work on rapid debt reduction can benefit from applying for this credit card, as will any customer wanting to pay far less interest on any purchases made using the card.

Excellent Balance Transfer Deal

The introductory balance transfer offer allows customers to pay far less in interest costs on any outstanding credit card balances owed to other lenders. At the time of application for a Vertigo Low Rate credit card, select the ‘balance transfer’ option. You then simply roll your balances from your old high interest cards over to your new Vertigo card.

The interest rate you pay on those balances brought over is an ultra-low 2.99% for 6 months, which allows you plenty of time to enjoy reduced charges and work on repaying your credit card debt faster.

Competitive Purchase Interest Rate

For those customers who use their credit card to pay for purchases and who know they may take a little time to repay the amounts they spend, the interest rate charged on purchases is a low 13.24%. This is a very competitive purchase rate for the Australian credit card market.

Other Fees and Charges

Other fees and charges that may apply to your Vertigo Low Rate MasterCard include:

• Cash Advance interest rate: 21.49%
• Cash Advance fee: 2% of the transaction amount
• Annual Fee: $0 p.a. annual fee for the first year ($55 p.a. thereafter)

No Annual Fee Credit Card

The Bank of Melbourne No Annual Fee credit card is perfect for any customer who wants to take advantage of the flexibility of a credit card, without having to worry about paying an annual fee.

This credit card is most likely to be suited to customers who only use their credit card in emergency situations. Covering an unexpected bill or unforeseen expense quickly is made much easier with a credit card. You can cover the costs and then work on repaying the amount you spent in your own time. Once the balance has been repaid, you can leave it aside for the next emergency expense that crops up, and still know there will be no other fees incurred.

Customers who also worry about giving their credit card information out over the Internet may also find this card beneficial. The low credit limits available on this account start as low as $500. This allows you to purchase the things you want online, but still give you the peace of mind that if your personal information is compromised in any way, the limit is so low, you won’t be losing much.

Interest Rates

The interest rate on purchases and cash advances is the same with the No Annual Fee credit card. This is presently 20.49%. Be aware that a cash transaction may incur a further cost of 2% of the amount transacted.

There is no interest free period with this credit card, so it is best left aside for emergency use wherever possible.

Amplify Credit Card

The Bank of Melbourne Amplify credit card offers plenty of ways for customers to reap the rewards of using a credit card. With a choice of two different reward programs to earn rewards through, you’re sure to find the right rewards to suit your particular preferences.

Amplify Rewards

The Amplify Rewards program allows you to earn 1 point for every $1 spent using the card to pay for eligible purchases. The opportunity also exists to earn bonus points when you shop with any of the Amplify Reward Partners.

Rewards can be redeemed for a vast range of items that include:

• Domestic Flights
• International flights
• Accommodation
• Car hire
• Home wares
• Gift cards
• Electrical appliances
• Electronic devices
• Entertainment
• Amusement experiences

Points may also be exchanged for airline miles with the Velocity Program through Virgin Australia or V Australia.

Amplify Qantas Frequent Flyer Rewards

If you’re a member of the Qantas Frequent Flyer program, you can link your Bank of Melbourne Amplify Credit Card to your account and earn 1 point for every $2 spent using your card on purchases.

It’s possible to earn bonus flyer miles by shopping with any of the Qantas partners. This means you earn points from the partner and points for using your credit card to pay for the purchase.

Low Introductory Balance Transfer Offer

The Amplify credit card offers customers an excellent way to reduce the high costs of credit card interest bills. Rather than continue to pay exorbitant interest charges on your existing credit card debt with other lenders, simply select the balance transfer option at the time of your application with Bank of Melbourne.

Once your card is activated, you can then transfer your outstanding balances over from other lenders to your Bank of Melbourne Amplify credit card. The balances you bring over will attract an interest rate of just 0.99% p.a. for 6 months.

This promotional offer allows you reduce your interest charges for up to 6 months, which can be ideal for helping you pay off your credit card debt much faster.

Interest Free Period

The Bank of Melbourne will allow you to benefit from up to 55 days in which no interest will be accrued to your balances from eligible purchases. This means you can pay for bills now and take a few weeks to repay those amounts before interest will be charged to your account.

As long as you can manage to repay the entire balance amount before the due date, you won’t pay interest on your credit card account.

Keep in mind that you will need to have repaid your balance transfer amounts, purchase amounts and any cash advances in full each month to take advantage of the interest free days.

Rates and Fees

If your balance tends to carry over from month to month, your account will attract the following interest charges:

• Purchases: 18.74%
• Cash Advances: 20.74%
• Annual Fee: $0 p.a. annual fee for the first year ($79 p.a. thereafter)

Gold Low Rate Credit Card

The Bank of Melbourne Gold Low Rate credit card offers customers the advantage of owning a prestige credit card, at the same time as paying a low purchase interest rate.

This Gold card can definitely be advantageous for those cardholders who travel frequently. It can also be great for those customers wishing to pay less interest on their outstanding credit card debts.

Range of Complimentary Insurances

One of the perks of owning a Gold card is having access to a range of complimentary insurances attached to your account. These include:

• International travel insurance
• Medical expenses cover for accidents and illnesses that occur while travelling
• Extended warranty up to 12 months
• Purchase protection
• Accident insurance for mishaps while in transit
• Public legal liability cover
• …and more besides

Interest Free Period

The Gold Low Rate Visa card allows you to enjoy paying no interest at all on your purchases if you’re willing to regularly repay the amounts you spend using your card.

You’re able to pay for valid purchases at the beginning of the statement cycle and then spend a couple of weeks repaying those amounts. As long as you’ve cleared your full balance before the due date, you won’t pay any interest on those amounts.

Rates and Fees

If you have any outstanding amounts owing on your credit card, you will attract the following interest charges:

• Purchases: 15.99%
• Cash Advances: 20.24%
• Annual Fee: $0 p.a. annual fee for the first year ($79 p.a. thereafter)

Platinum Visa Credit Card

The Bank of Melbourne Platinum Visa credit card offers customers the opportunity of owning a prestige credit card, along with all the perks, as well as enjoying a very low interest rate.

Customers can enjoy as long as 55 days interest free on valid purchases made using the card. This offer only exists if the balance is repaid in its entirety each month prior to the due date displayed on the statement.

Perks of a Platinum Visa Credit Card

Prestige Platinum cardholders have the advantage of enjoying a wide range of complimentary insurances attached to their account. These can be ideal for anyone who travels regularly, or who intends to travel. Some of the policies available are also ideal for protecting the personal items you purchase using your card.

Some of the complimentary travel-related insurance policies available include:

• International travel insurance for up to 3 months
• Domestic flight inconvenience insurance
• Rental vehicle excess costs
• Personal legal liability insurance
• Transit accident insurance

However, the Bank of Melbourne Platinum Credit Card also offers several ways to protect the items you purchase. These policies include:

• Purchase protection insurance
• Up to 12 months extended warranty cover
• Price protection insurance, to ensure you never pay too much for an item.

Personal Concierge

Platinum card holders have the ability to take advantage of their own personal concierge. No matter what time of the day or night you call, or from where in the world you’re calling, your concierge will be happy to help you with the things you need.

Low Balance Transfer Offer

Any balances transferred over from credit cards held with other banks will attract a low interest rate of 3.99%. This introductory offer will extend for up to 6 months, giving customers the opportunity to save money and the time to repay balances while the rates are still low.

Rates and Fees

The Bank of Melbourne Platinum Visa card offers customers the benefit of a very competitive purchase interest rate.

The following rates may apply:

• Purchase Interest Rate: 15.99%
• Cash Advance Interest Rate: 21.49%
• Annual Fee: $0 p.a. annual fee for the first year ($89 p.a. thereafter)