Bank of Melbourne are offering up to 100,000 bonus Amplify Points for new cardholders of the Amplify Platinum Visa – Amplify Rewards until 22 May 2019.
The bonus points for this offer is split into two, with the first 50,000 Amplify Points to be credited after spending a minimum of $6,000 for the first year, and the second 50,000 Amplify Points after spending an additional $6,000 for the second year – for a total of $12,000 on eligible spend over a 24 month period or just $500 per month for 2 years.
For those who would prefer Qantas Points, there is also a 50,000 bonus Qantas Points on offer for new cardholders of the Bank of Melbourne Amplify Platinum – Qantas Rewards.
The Bank of Melbourne Amplify Platinum Visa – Amplify Rewards offers an effective points earn rate of 0.5 frequent flyer points per dollar on most of the linked frequent flyer programs to Amplify Rewards, which for an ongoing $99 annual fee card, is respectable. The strength of Amplify Rewards is its ability to be transferred to multiple rewards partners, offering flexibility in how you redeem your points.
The Amplify family includes cards offered by St.George, Bank of Melbourne and BankSA. This guide covers the different earn rates, caps and benefits of the Bank of Melbourne Platinum Visa – Amplify Rewards variant. We also cover the Bank of Melbourne Amplify Signature Visa – Amplify Rewards in a separate guide.
Amplify Platinum cards – Up to 100,000 Amplify Rewards Points
- St.George Amplify Platinum – Amplify Rewards
- BankSA Amplify Platinum – Amplify Rewards
- Bank of Melbourne Amplify Platinum – Amplify Rewards
Amplify Platinum cards – 50,000 Qantas Points
- St.George Amplify Platinum – Qantas Rewards
- BankSA Amplify Platinum – Qantas Rewards
- Bank of Melbourne Amplify Platinum – Qantas Rewards
Digging into the details of the Bank of Melbourne Amplify Platinum Visa – Amplify Rewards
The Bank of Melbourne Amplify Platinum Visa offers 1 Amplify Rewards points (which also equals to 0.5 Velocity Points, KrisFlyer or Enrich Miles when transferred) on spend with no points cap.
Card Details
| Card | Bank of Melbourne Amplify Platinum Visa - Amplify Rewards |
| Loyalty program | Amplify Rewards |
| Points earned from spend | 1 Amplify point per $ spend |
| Points cap | none |
| Insurance | Overseas travel insurance, extended warranty on purchases etc. (PDS) |
| Overseas transaction fee | 3% of the converted amount |
| Annual fee | $99 p.a. |
Effective Frequent Flyer Program Point Earn Rates
| Frequent Flyer Program | Effective earn rate |
|---|---|
| Velocity Points | 0.5 point / $ |
| Singapore Airlines KrisFlyer Miles | 0.5 mile / $ |
| Malaysia Airlines Enrich Miles | 0.5 mile / $ |
Finally, its worth noting the card terms in relation to loyalty points are here.
Amplify Rewards vs Qantas Points
The Bank of Melbourne Amplify Platinum Visa also has a Qantas Rewards variant that earns 0.5 Qantas Points per $1 on spend. Otherwise, earn rate is 1 Amplify Rewards Points per dollar on eligible purchases on the Amplify Rewards variant.
We cover the details of the Amplify Rewards and its frequent flyer transfer partners in a separate guide.
Conclusion
The Bank of Melbourne Amplify Platinum – Amplify Rewards card, along with the other cards in the Amplify Rewards family could be useful for those who are looking for non-Amex cards that earn points on spend and offers flexibility in how you use them, without a particularly expensive annual fee.
Bonus offers can be hit and miss on the Amplify range, but when they are on offer, these cards are worth considering. Those looking for more features like lounge access and other travel perks however might find the Amplify Signature cards more appealing.
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Daniel Sciberras
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