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.

 

[Daver6]

Similar devaluation for the St George QF Platinum

 

[TheCollecter]

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.

That's $295 bank fee + $155 rewards fee, total $450 per year.

I earned 80k points in past 12 months... lower that earn rate and it's not looking good all of a sudden... but it was great while it lasted

 

[JustSlash]

That's $295 bank fee + $155 rewards fee, total $450 per year.

I earned 80k points in past 12 months... lower that earn rate and it's not looking good all of a sudden... but it was great while it lasted

Yeah… I totally forgot about the annual fee since I got the card as part of my mortgage package, so I was only paying the $75 previously.

But now with the fee increasing to $155 and the lower earn rates, I’m not sure if it’s still worth it. That said, the grass isn’t necessarily greener on the other side either.

 

[TheCollecter]

Yeah… I totally forgot about the annual fee since I got the card as part of my mortgage package, so I was only paying the $75 previously.

But now with the fee increasing to $155 and the lower earn rates, I’m not sure if it’s still worth it. That said, the grass isn’t necessarily greener on the other side either.

My credit card was also free with a home loan some time back, but since then I've always managed to justify the fees vs. the points/lounge passes/free travel insurance. The greener grass may now come from a low cost no-rewards card... I'll have to do some digging