Rating based on 26 reviews

Bank of Melbourne

  • Online management
  • Get approved fast
  • Low-interest up to 12.99%

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Bank of Melbourne homepage
Author Bank of Melbourne. Screenshot of Bank of Melbourne website.
[Accessed May 2, 2023]

Bank of Melbourne – Quality credit cards

They are a bank, but they’re not here just to deliver financial funding.

All of their branches and corporate banking centres are operated by their locals and they offer leading products and services including credit cards, personal loans and banking facilities and accounts.

They are a Victoria local bank and they have 106 branches which are situated all around Victoria, their headquarters as well as their call centre is situated right in the heart of Melbourne.

They support the community

They continue to make substantial investments in the local economy, at the same time they also support and strengthen their local community through rewards like the Bank of Melbourne Neighbourhood Fund. They are the only bank born of this city and they are zealous about the state of Victoria.

They are doers, makers, and creators! No matter what it is that you would like to make, they are here to assist you in making it because they are inspired by the passion, innovation, and ambition of their Makers across their state. Once you’ve found the credit card that’s suited for you it’ll only take 10 min to apply online.

Simple process, easy application

The maker’s campaign continues to tell their story except that this time it will be in their own words.

Their customers are successful Victorians and it’s their story that shows why they are more than just a bank, they are the Bank of Melbourne.

The benefits

  • Low-interest – Their low-interest rate credit card offers competitive variable interest rates on purchases plus the selection of premium extras.
  • Easy to Apply - apply for a loan online or get your credit card through your online banking profile. 
  • Amplify Rewards Points – You are able to earn points on suitable purchases which you could redeem for flights, gift cards, and merchandise or perhaps you would like to upgrade.
  • Qantas Points – Redeem Qantas points earned on purchases and use them for Flights, upgrades or merchandise from any Qantas Store.
  • A Balance Transfer – The Bank of Melbourne allows you to transfer balances from up to three cards, and take advantage of a promotional balance transfer for a set period as they are currently offering such promotions on these cards.
  • No Annual Fee Card - A simple everyday credit card that has special offers with no annual fee applicable for the duration of the card.

Bank of Melbourne – Credit card

  • Loan Type Credit cards
  • Interest Rate 12.99%

Benefits of Bank of Melbourne

  • Balance transfer option
  • No annual fees
  • Get rewards on everyday spending

Bank of Melbourne – They have a wide range of banking services

They offer - zero % per annum for a 24-month on balance transfers.

Special offers of - 1 % balance transfer fees apply, and there is a variable cash advance rate that will apply after the promotional period.

Annual Card fees of $99 and a variable purchase rate of 12.74 % are offered.

Balance Transfers

You are able to save money on interest repayments should you be transferring a different credit card balance to any Bank of Melbourne credit card that offers a lower interest rate.

You could possibly also reduce your credit card outstanding balances quicker by moving your credit card debts from up to three non-Bank of Melbourne, St George or BankSA credit cards to a brand new Bank of Melbourne credit card account that offers a lower interest rate on transfer balances, manage your money easier by consolidating multiple credit card balances into one card. You could keep better track of your credit card account by only having one credit card debt. Less is sometimes better so reduce annual fees by only having one credit card instead of managing multiple credit card repayment due dates.

Charge your Australian store card to your Bank of Melbourne credit card account. Balance transfer generally means that you transfer an outstanding balance from another credit card, you can also charge an Australian store card to your Bank of Melbourne credit card account.

Balances from one Bank of Melbourne credit card to another

You’re not able to do a balance transfer because it’s not the same as transferring funds between two or more accounts or changing accounts. Should you hold more than one Bank of Melbourne credit card you could make repayments between your credit cards by using normal methods of credit card repayments. As this is not the same as a balance transfer. You can also use your credit card to consolidate debt and move balances over to a zero-interest card. 

The time period to transfer your balance

There is a period of 14 days for a balance transfer request to be completed by the Bank of Melbourne.

Should you be a new customer, your balance transfer will only be processed once your identification checks by a Bank of Melbourne branch have been verified, (if you have not previously done so) in order for your card to be activated. Don’t forget to keep your obligations on your other credit card, charge card or store card by making regular payments whilst your transfer is in process.

How much can you transfer?

You are able to transfer any amount from other credit or store card balances as you can. If you have a new Bank of Melbourne credit card you may transfer up to 80 % of the available credit limit.

Remember to check your available credit limit on your Bank of Melbourne card before applying for a balance transfer.

If you need more credit

Increase your credit limit on your Bank of Melbourne credit card should you want to increase your credit limit in order to settle other debts such as a store, charge or credit card. Please take note that approval is subject to their normal credit criteria. They also offer affordable personal loans and alternative forms of credit. 

man holding thumbs up

Bank of Melbourne is a trusted & reliable provider of credit cards

In our review, Bank of Melbourne adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Bank of Melbourne is a registered credit provider in Australia: ACL 233714

Customer Reviews & Testimonials

Not only is this an excellent product, but there is no fuss, low fees, and low interest. Really what more can I want from a credit provider?

Hazel M
— Melbourne —

I received a great deal, great interest rate, and some wonderful benefits.

Maria S
— Gold Coast —

Initially got this credit card for emergencies and I have never been more thankful. Just when I needed it, I was able to pay for emergency medical costs that piled up. I can now pay off my pills ...

Harriette P
— Brisbane —

Bank of Melbourne Contact

Contact Number


  • not available


Physical Address

Postal Address

  • Locked Bag 20037 , Melbourne, 3001, Australia

Opening Hours

  • Monday 09:30 – 17:00
  • Tuesday 09:30 – 17:00
  • Wednesday 09:30 – 17:00
  • Thursday 09:30 – 17:00
  • Friday 09:30 – 17:00
  • Saturday – Closed
  • Sunday – Closed