Changes Bank of Melbourne Amplify Qantas Signature 30 Sept 2026

[JustSlash]

Received this yesterday and it feels like a pretty significant reduction in the benefits for BOM card holders. Anyone else still using this card?

Changes are here: [link]. Main changes are:

1. Purchase interest rate: 20.99% → 23.99% p.a.
2. Cash advance rate: 21.99% → 23.99% p.a.
3. Amplify Qantas Rewards annual fee: $75 → $155
4. Minimum repayment: 2% or $10 → 2.5% or $25, whichever is greater
5. Interest-free period: Up to 55 days → up to 45 days
6. Payment due date: Moves 10 days earlier
7. Lower Qantas Points earn rates, particularly for everyday spending and dining
8. Additional requirement to receive the 2 complimentary lounge invitations

I know none of this is exactly a surprise, but still… meh.