Business credit card FAQs

The Amplify Business credit card is available to new and existing Bank of Melbourne customers whose businesses are registered in Australia who meet our normal lending criteria. Terms and conditions, fees and charges apply.

The Amplify Business credit card is a personal liability business credit card that rewards you for your business expenses. Its range of features includes:

1.A choice between rewards programs – Amplify Rewards¹ or Amplify Qantas²

2.A range of complimentary insurance covers³ - including Transit Accident Insurance, Business Inconvenience Insurance and Unauthorised Transaction Insurance

3.Up to 55 days interest-free on purchases when you pay the closing balance (including any balance transfer amount) by the statement due date each month.

It’s easy to apply for an Amplify Business credit card. You can apply in any of the following ways:

1.Apply online

2.Call 13 82 66 and speak to a Business Banking Specialist

3.Visit a branch

The application process should take 10 to 15 minutes to complete. Once submitted, you’ll receive an immediate response indicating the application outcome.

Important: Effective 1 October 2017, the insurer of your Amplify Business Credit Card Complimentary Insurance Terms and Conditions will be changing from QBE Insurance (Australia) Limited (“QBE”) to Allianz (Issued by Allianz Global Assistance and underwritten by Allianz Australia Insurance Limited). Read more.

Business Inconvenience Insurance covers³:

• Up to $10,000 a year if the account holder’s business premises are invaded during normal business hours
• Up to $10,500 for recruitment expenses incurred for replacement of a cardholder unable to continue their employment.

Important: Effective 1 October 2017, the insurer of your Amplify Business Credit Card Complimentary Insurance Terms and Conditions will be changing from QBE Insurance (Australia) Limited (“QBE”) to Allianz (Issued by Allianz Global Assistance and underwritten by Allianz Australia Insurance Limited). Read more.

Transit Accident Insurance³ provides automatic protection against serious injury or accidental death when riding as a passenger in a plane, bus, train or ferry while travelling abroad.

When you apply for your Amplify Business credit card, simply select 'Amplify Qantas' as your rewards program option. Include your Qantas Frequent Flyer membership details on your credit card application. You can also let us know later by calling us on 1300 600 266.

If you’re not already a Qantas Frequent Flyer member, we’ll send you an application form once your application has been processed. Once you are a member, your Qantas Points²will be credited to your nominated Qantas Frequent Flyer account each month after the end of the statement cycle.

Yes, you can move from Amplify Qantas to Amplify Rewards or from Amplify Rewards to Amplify Qantas at any time by completing a Program Switch Request.
Where a change of rewards program is processed mid cycle, transactions made before the switch is processed will earn points towards the old program (subject to that program’s terms and conditions). Transactions made on or after the day the switch is processed will earn points in the new program (subject to that program’s terms and conditions).

Only eligible purchases made on the account will earn points in your chosen rewards program. You do not earn points on balance transfers, BPAY^® transactions and cash advances or in other circumstances as set out in the program terms and conditions Any refund or charge back transaction processed on a retail purchase will reverse the points earned for that transaction.

You could be prevented from earning points on purchases or redeeming existing points if your account is not in order.

For Amplify Rewards, a minimum of 3,000 Amplify Points¹ are required before redemption is possible. Other terms and conditions apply. Redeem Amplify Points in one of the following ways:

• Online: amplify.bankofmelbourne.com.au
• Call us: Bank of Melbourne Amplify Card Services – 1300 600 266

To redeem Qantas Points², visit Qantas.com/earningpoints or call 13 11 31 for further information.

For Amplify Rewards, Amplify Points¹ can still be redeemed up to 90 days after your credit card has been closed. After this time points expire and will no longer be available for redemption.

For Amplify Qantas, any eligible purchases that earn Qantas Points² will be credited to the nominated Qantas Frequent Flyer membership account at the end of the last statement cycle. You can redeem Qantas Points while you remain an active member of the Qantas Frequent Flyer program. Please visit qantas.com/earningpoints for terms and conditions.

With a business credit card with personal liability, the business owner is personally responsible for all transactions on the credit card account. It’s ideal for small businesses (including sole traders and partnerships) where the business owner takes personal responsibility for the balance owing on the credit card account.

The BusinessVantage credit card provides financial support for any growing business. Its range of features includes:

1. Up to 55 days interest-free on purchases when you pay the closing balance (including any balance transfer amount) by the statement due date each month

2. Monthly statements

3. Expense reporting

The BusinessVantage Visa Credit Card is ideal for:

1.A credit card solely dedicated to business purchases

2.Covering short term cash flow

3.Separating business and personal expenses

4.Maintaining visibility of business spending with detailed monthly accounts

5.Reducing administration time by avoiding cheque books.

With a business credit card with joint and several liability, the principal is jointly and severally liable for all transactions on the credit card account. It’s ideal for small to medium enterprises and partnerships where the business owners or directors jointly take responsibility for the balance owing on the credit card facility.