Compare Bank of Melbourne Credit Cards

Different types of credit cards may have different eligibility criteria. However, in general, to apply for a Bank of Melbourne credit card, you must meet the following criteria:

• at least 18 years old
• an Australian citizen or permanent resident OR
• a non-resident or migrant and hold an acceptable Visa, with a minimum 1 year before expiry
• have a regular, verifiable Australian taxable income
• have a regular, verifiable residential address in Australia
• have a good credit history
• agree to a credit check

Before you apply, it could be a good idea to check your credit score.

For more information on eligibility requirements, visit the provider’s website.

If eligibility requirements are met, you can apply online or call 13 22 66 for assistance with your credit card application with Bank of Melbourne.

Bank of Melbourne recommends having the following documents ready during application:

• Two proof of identity documents (such as Australian drivers licence, Medicare card, passport)
• Current debts in your name (for example home loan, personal loans, other credit or store cards and any instalment purchases such as zip pay)
• Proof of income (such as payslips from the last two months, government authority statement from the last two months confirming your pension or allowance, or rental income)
• If you’re self-employed, proof that you’ve been in business for at least 18 months, business bank statements and last year’s Notice of Assessment
• All your regular monthly expenses (such as utility bills, phone bills, insurances)
• If you’re a tax resident of another country, you’ll need your foreign tax identification number

Once you’ve received your Bank of Melbourne credit card, you can activate it by logging in online on their website or use the Bank of Melbourne Mobile Banking App and click ‘Activate Card’.

Interest on your Bank of Melbourne credit card is charged at the end of each statement period but calculated daily based on the amount outstanding on the card at the end of each day.

Your Bank of Melbourne credit card account balance is divided into categories: Purchase Balance, Cash Advance Balance, Balance Transfer Balance(s), Plan&Pay Balance(s), and Other Balance.

To obtain the daily interest charges, the outstanding balance for each category is multiplied by their applicable Annual Percentage Rate(s) divided by 365. Interest charges due at the end of each statement period are calculated by totalling the combined daily values across each day of the statement period.

Interest-Free Period

If your Bank of Melbourne credit card has an interest-free period available on the Purchase Balance, you won’t incur interest on the Purchase Balance during the period if you meet the set-out conditions. You can maintain your interest-free eligibility during this period by paying the Closing Balance shown on your statement by the due date.

The credit limit on your Bank of Melbourne credit card will depend on the information you provide in your application and the respective Bank of Melbourne card’s own conditions.

You can decrease your credit limit at any time online through your Bank of Melbourne internet banking account or through the Mobile Banking App.

You can request a credit limit increase online if you have an Internet Banking account with Bank of Melbourne, or alternatively, call on 13 22 66 or visit your nearest branch. All credit limit increase requests will be subject to the Bank of Melbourne’s credit criteria.

Bank of Melbourne notes that your credit limit needs to be within the maximum and minimum credit limit of your card type. So you cannot change your limit to be below or above the minimum or maximum credit limit of your card type.

You can close your Bank of Melbourne credit card online or through the Bank of Melbourne Mobile Banking App. Alternatively, you can also call on 13 22 66 or visit your nearest branch.

You will continue to receive statements from Bank of Melbourne if you have any outstanding balance still unpaid and will continue to receive them monthly until fully paid.

Bank of Melbourne also advises that any recurring payments (such as direct debits) set up on the credit card must be cancelled or it will continue to be charged to you.

At the time of writing, you can earn Rewards Points through Bank of Melbourne’s Amplify Rewards Program using their Amplify Rewards credit cards. Alternatively, Bank of Melbourne also offers Qantas Rewards cards that allow you to earn Qantas points through the Qantas Frequent Flyer program.

You can use the comparison table at the top of the page to compare each Bank of Melbourne credit card.

Alternatively, you can compare rewards credit cards on Canstar’s database for more options.

Compare Rewards Credit Cards