Bank of Melbourne

Choose from Bank of Melbourne's wide array of financial products and enjoy the benefits of their highly competitive interest rates and rewards.

Bank of Melbourne credit cards

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Bank of Melbourne Amplify Platinum Credit Card (Amplify)

Not available for application via this website

Apply by 30 April 2025

Bank of Melbourne Amplify Platinum Credit Card (Amplify)

Highlights

Earn 100,000 Bonus Amplify Points when you spend at least $3,000 on eligible purchases in the first 90 days from new card approval. Terms and Conditions apply.
Earn 1 point for every $1 spent on eligible domestic and overseas purchases.
You can use your points for gift cards, travel, transferring to partner airline programs, and other rewards.
Comes with complimentary insurance, including Interstate Flight Inconvenience, Rental Vehicle Excess, international travel coverage, extended warranty, purchase protection, and overseas transit accident insurance.

Pros

Earn 100,000 Bonus Amplify Points when you meet the criteria.
No limit on the points you can earn, which is great for high-spenders.
The discounted annual fee for the first year.
Get access to Visa’s Luxury Hotel Collection, offering perks like room upgrades and late checkouts.
Add 1 additional cardholder at no extra cost.
Offers fraud monitoring, secure online shopping, and a Fraud Money Back Guarantee.
Works with Apple Pay, Google Pay, and Samsung Pay.

Cons

There is no introductory balance transfer offer, so it’s better suited for everyday spending than consolidating debt.
A 3% fee applies to foreign transactions made with your card.

Bank of Melbourne Amplify Platinum Credit Card (Qantas)

Not available for application via this website

Apply by 30 April 2025

Bank of Melbourne Amplify Platinum Credit Card (Qantas)

Highlights

Earn 50,000 Qantas Points when you spend at least $3,000 on eligible purchases in the first 90 days from new card approval. Terms and Conditions apply.
Earn 0.5 points for every $1 spent on eligible domestic and overseas purchases.
Points are automatically transferred to your Qantas Frequent Flyer account, ready to use for flights, upgrades, shopping, and more.
Comes with complimentary insurance, including Interstate Flight Inconvenience, Rental Vehicle Excess, international travel coverage, extended warranty, purchase protection, and overseas transit accident insurance.

Pros

Earn 50,000 bonus Qantas Points when you meet the criteria.
The discounted annual fee for the first year.
Get access to Visa’s Luxury Hotel Collection, offering perks like room upgrades and late checkouts.
Add 1 additional cardholder at no extra cost.
Offers fraud monitoring, secure online shopping, and a Fraud Money Back Guarantee.
Works with Apple Pay, Google Pay, and Samsung Pay.

Cons

Earnings are capped at $100,000 annually, but bonus Qantas Points are excluded from this limit.
The earning rate of 0.5 points is lower than that of others.
A $75 annual fee applies for the Qantas Rewards Program, worth it if you regularly earn points.

Bank of Melbourne Amplify Signature Credit Card (Amplify)

Not available for application via this website

Apply by 30 April 2025

Bank of Melbourne Amplify Signature Credit Card (Amplify)

Highlights

Earn 150,000 Bonus Amplify Rewards Points (equivalent to up to $675 in eGift cards) by spending $12,000 on eligible purchases in your first year. Terms and Conditions apply.
Earn 1.5 points for every $1 spent on eligible domestic and overseas purchases.
Redeem your points for gift cards, travel, transferring to partner airline programs, and other rewards.
Get 2 free Priority Pass lounge visits each year.
Use the Concierge Service to book experiences online, including exclusive tickets, last-minute reservations, and more.
Comes with complimentary insurance, including Interstate Flight Inconvenience, Rental Vehicle Excess, international travel coverage, extended warranty, purchase protection, and overseas transit accident insurance.

Pros

Earn 150,000 Bonus Amplify Points when you meet the criteria.
No limit on the points you can earn, which is great for high spenders.
The discounted annual fee for the first year.
Access Visa’s Luxury Hotel Collection, offering perks like room upgrades and late checkouts.
Add 1 additional cardholder at no extra cost.
Offers fraud monitoring, secure online shopping, and a Fraud Money Back Guarantee.
Works with Apple Pay, Google Pay, and Samsung Pay.

Cons

After the first year, the annual fee reverts to $295 p.a., so factor this into long-term costs.
There is no introductory balance transfer offer, so it’s better suited for everyday spending than consolidating debt.
A 3% fee applies to foreign transactions made with your card.

Bank of Melbourne Amplify Signature Credit Card (Qantas)

Not available for application via this website

Apply by 30 April 2025

Bank of Melbourne Amplify Signature Credit Card (Qantas)

Highlights

Earn 80,000 bonus Qantas points when you spend at least $6,000 on eligible purchases in the first 90 days from new card approval. Terms and Conditions apply.
Earn 0.75 points for every $1 spent on eligible domestic and overseas purchases.
Earn 2x points on purchases with Qantas Frequent Flyer partners—once with your card and once with the airline partner.
Points are automatically transferred to your Qantas Frequent Flyer account, ready to use for flights, upgrades, shopping, and more.
Get 2 Qantas lounge passes each year, perfect for adding comfort to your travels.

Pros

Earn 80,000 Bonus Qantas Points when you meet the criteria.
Use the Concierge Service to book experiences online, including exclusive tickets, last-minute reservations, and more.
Comes with complimentary insurance, including Interstate Flight Inconvenience, Rental Vehicle Excess, international travel coverage, extended warranty, purchase protection, and overseas transit accident insurance.
Access Visa’s Luxury Hotel Collection, offering perks like room upgrades and late checkouts.
Add 1 additional cardholder at no extra cost.
Offers fraud monitoring, secure online shopping, and a Fraud Money Back Guarantee.
Works with Apple Pay, Google Pay, and Samsung Pay.

Cons

Earnings are capped at $250,000 annually, but bonus Qantas Points are excluded from this limit.
The earning rate of 0.75 points is lower than that of others.
A $75 annual fee applies for the Qantas Rewards Program, which is worth it if you regularly earn points.

Bank of Melbourne Vertigo Visa Credit Card

Not available for application via this website

Apply by 30 April 2025

Bank of Melbourne Vertigo Visa Credit Card

Highlights

Get a 0% interest rate on balance transfers for 24 months with a 1% transfer fee. After that, the rate changes to 21.99% p.a. for cash advances.
Start with a credit limit as low as $500, helping you keep your spending in check.
Add 1 additional cardholder at no extra cost.

Pros

A 13.99% p.a. variable rate keeps interest costs lower on purchases.
Low annual fee of $55 p.a.
Offers fraud monitoring, secure online shopping, and a Fraud Money Back Guarantee.
Works with Apple Pay, Google Pay, and Samsung Pay.

Cons

Note that the balance transfer rate reverts to 21.99% p.a. after 24 months.
The 1% balance transfer fee is low but it can add up with large transfers
No rewards program which is typical for a basic card.

Not available for application via this website

Bank of Melbourne Vertigo Visa Credit Card (up to $500 total cashback)

Highlights

Earn 10% cashback on purchases at participating supermarkets and petrol stations (with a maximum of $500 cashback). Terms and Conditions apply.
Get a 6.99% interest rate on balance transfers for 12 months with no transfer fee. After that, the rate changes to 21.99% p.a. for cash advances.
Start with a credit limit as low as $500, helping you keep your spending in check.

Pros

This card’s cashback offer makes it a great choice for supermarket and petrol spending.
No BT fee.
Add 1 additional cardholder at no extra cost.
A 13.99% p.a. variable rate keeps interest costs lower on purchases.
Low annual fee of $55 p.a.
Offers fraud monitoring, secure online shopping, and a Fraud Money Back Guarantee.
Works with Apple Pay, Google Pay, and Samsung Pay.

Cons

Cashback earnings are capped at $500, so planning your spending is important.
Other cards offer 0% on balance transfers with longer transfer periods.
A 3% overseas transaction fee applies, so it’s worth considering for frequent travelers.

Bank of Melbourne home loans

Not available for application via this website

Bank of Melbourne Standard Variable Rate Home Loan (Owner, Principal and Interest)

Interest rate (p.a.)

4.49%

Comp rate^ (p.a.)

4.66%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$2,277.41

Total repayment

$819,867.60

Highlights

Flexible and unlimited additional repayments to pay off your loan sooner
Ability to pause or reduce your repayments
Full interest offset facility to help you save on interest on your home

Not available for application via this website

Bank of Melbourne Standard Variable Rate Home Loan (Owner, Interest only)

Interest rate (p.a.)

5.08%

Comp rate^ (p.a.)

5.25%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$2,437.75

Total repayment

$877,590.00

Highlights

Flexible and unlimited additional repayments to pay off your loan sooner
Ability to pause or reduce your repayments
Full interest offset facility to help you save on interest on your home

Not available for application via this website

Bank of Melbourne Standard Variable Rate Home Loan (Investor, Principal and Interest)

Interest rate (p.a.)

5.07%

Comp rate^ (p.a.)

5.24%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$2,434.99

Total repayment

$876,596.40

Highlights

Flexible and unlimited additional repayments to pay off your loan sooner
Ability to pause or reduce your repayments
Full interest offset facility to help you save on interest on your home

Not available for application via this website

Bank of Melbourne Standard Variable Rate Home Loan (Investor, Interest only)

Interest rate (p.a.)

5.36%

Comp rate^ (p.a.)

5.53%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$2,515.66

Total repayment

$905,637.60

Highlights

Flexible and unlimited additional repayments to pay off your loan sooner
Ability to pause or reduce your repayments
Full interest offset facility to help you save on interest on your home

Not available for application via this website

Bank of Melbourne Standard Variable Rate Home Loan Advantage Package (Owner, Principal and Interest)

Interest rate (p.a.)

3.19%

Comp rate^ (p.a.)

3.62%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$1,943.64

Total repayment

$699,710.40

Highlights

Flexible and unlimited additional repayments to pay off your loan sooner
Ability to pause or reduce your repayments
Full interest offset facility to help you save on interest on your home

Bank promo

If applying for Standard Variable Home Loan under Advantage Package

Not available for application via this website

Bank of Melbourne Standard Variable Rate Home Loan Advantage Package (Owner, Interest only)

Interest rate (p.a.)

3.78%

Comp rate^ (p.a.)

4.19%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$2,091.69

Total repayment

$753,008.40

Highlights

Flexible and unlimited additional repayments to pay off your loan sooner
Ability to pause or reduce your repayments
Full interest offset facility to help you save on interest on your home

Bank promo

If applying for Standard Variable Home Loan under Advantage Package

Not available for application via this website

Bank of Melbourne Standard Variable Rate Home Loan Advantage Package (Investor, Principal and Interest)

Interest rate (p.a.)

3.77%

Comp rate^ (p.a.)

4.18%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$2,089.13

Total repayment

$752,086.80

Highlights

Flexible and unlimited additional repayments to pay off your loan sooner
Ability to pause or reduce your repayments
Full interest offset facility to help you save on interest on your home

Bank promo

If applying for Standard Variable Home Loan under Advantage Package

Not available for application via this website

Bank of Melbourne Standard Variable Rate Home Loan Advantage Package (Investor, Interest only)

Interest rate (p.a.)

4.06%

Comp rate^ (p.a.)

4.47%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$2,163.96

Total repayment

$779,025.60

Highlights

Flexible and unlimited additional repayments to pay off your loan sooner
Ability to pause or reduce your repayments
Full interest offset facility to help you save on interest on your home

Bank promo

If applying for Standard Variable Home Loan under Advantage Package

Not available for application via this website

Bank of Melbourne Basic Home Loan (Owner, Principal and Interest)

Interest rate (p.a.)

2.74%

Comp rate^ (p.a.)

2.76%

Max LVR

80.00%

Application fee

$500.00

Monthly repayment

$1,834.70

Total repayment

$660,492.00

Highlights

$0 monthly service fee
Make extra repayments at no extra cost
Ability to pause or reduce your repayments

Not available for application via this website

Bank of Melbourne Basic Home Loan (Owner, Interest only)

Interest rate (p.a.)

4.50%

Comp rate^ (p.a.)

4.55%

Max LVR

80.00%

Application fee

$500.00

Monthly repayment

$2,280.08

Total repayment

$820,828.80

Highlights

$0 monthly service fee
Make extra repayments at no extra cost
Ability to pause or reduce your repayments

Not available for application via this website

Bank of Melbourne Basic Home Loan (Investor, Principal and Interest)

Interest rate (p.a.)

3.29%

Comp rate^ (p.a.)

3.31%

Max LVR

80.00%

Application fee

$500.00

Monthly repayment

$1,968.32

Total repayment

$708,595.20

Highlights

$0 monthly service fee
Make extra repayments at no extra cost
Ability to pause or reduce your repayments

Not available for application via this website

Bank of Melbourne Basic Home Loan (Investor, Interest only)

Interest rate (p.a.)

3.59%

Comp rate^ (p.a.)

3.61%

Max LVR

80.00%

Application fee

$500.00

Monthly repayment

$2,043.38

Total repayment

$735,616.80

Highlights

$0 monthly service fee
Make extra repayments at no extra cost
Ability to pause or reduce your repayments

Not available for application via this website

Bank of Melbourne Relocation Home Loan - With End (Owner, Interest only)

Interest rate (p.a.)

5.08%

Comp rate^ (p.a.)

5.25%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$2,437.75

Total repayment

$877,590.00

Highlights

For relocation loans to be used for building a new property, you can live in your existing home while your new home is being built
A range of interest offset facilities available
Options for Standalone Relocation loan or Relocation loan combined with a new loan

Not available for application via this website

Bank of Melbourne Relocation Home Loan - With End (Investor, Interest only)

Interest rate (p.a.)

5.36%

Comp rate^ (p.a.)

5.53%

Max LVR

80.00%

Application fee

$600.00

Monthly repayment

$2,515.66

Total repayment

$905,637.60

Highlights

For relocation loans to be used for building a new property, you can live in your existing home while your new home is being built
A range of interest offset facilities available
Options for Standalone Relocation loan or Relocation loan combined with a new loan

Not available for application via this website

Bank of Melbourne Relocation Home Loan - Without End (Owner, Interest only)

Interest rate (p.a.)

5.08%

Comp rate^ (p.a.)

5.30%

Max LVR

80.00%

Application fee

$150.00

Monthly repayment

$2,437.75

Total repayment

$877,590.00

Highlights

For relocation loans to be used for building a new property, you can live in your existing home while your new home is being built
A range of interest offset facilities available
Options for Standalone Relocation loan or Relocation loan combined with a new loan

Not available for application via this website

Bank of Melbourne Relocation Home Loan - Without End (Investor, Interest only)

Interest rate (p.a.)

5.36%

Comp rate^ (p.a.)

5.58%

Max LVR

80.00%

Application fee

$150.00

Monthly repayment

$2,515.66

Total repayment

$905,637.60

Highlights

For relocation loans to be used for building a new property, you can live in your existing home while your new home is being built
A range of interest offset facilities available
Options for Standalone Relocation loan or Relocation loan combined with a new loan

Learn all about

Q&As

Why should I choose Bank of Melbourne?

The Bank of Melbourne of today prides itself on covering one market, doing it with local resources, and doing it well: "No one understands Victorians better." Its focus has paid off: in 2011, it was recognised for Best Cash Management – Business Bank at the annual Australian Banking & Finance Awards. In the next five years, the bank plans to grow to over 100 branches and 300 ATMs across three regions: Melbourne, Geelong and regional Victoria.

What services do they offer?

The bank provides transaction and savings accounts, home loans and personal loans, insurance, investments and super, along with a range of personal credit cards.

Business customers can make use of the Bank of Melbourne’s tailored business products, including transaction and savings accounts, loans, payment solutions credit cards, super and insurance, overdrafts, line of credit and equipment finance. The bank also provides business advisory services covering issues such as starting and growing businesses, cash flow and staff management.

Corporate services are customised to suit the type of business and industry, with products including bank bill finance, trade finance, equipment finance, car finance, property finance, corporate finance, cash flow finance and risk management solutions.