The Bank of Melbourne No Annual Fee Credit Card is ideal for those who have never had a credit card before or want a card for occasional use, as it does not require any minimum spending.
We also love the flexibility it offers with 55 interest-free days on purchases. Although it does not apply to cash advances, it is a great offer to keep your budget in order with more days to pay for purchases.
In summary, it’s well-suited for those who prefer a more basic card, without sacrificing some extra features.
And there’s more good news: cards with moderate credit limits are usually more accessible!
See if you meet the basic requirements to submit your application now.
What you need to apply:
- Be 18 years or older
- Be an Australian or New Zealand citizen (or hold an acceptable Australian visa with a minimum of 1 year remaining before expiry)
- Have a fixed residential address in Australia
- Have a regular and verifiable Australian taxable income for at least 3 months (or 18 months for self-employed individuals)
Supplementary documents and information you must provide:
- Choose at least 2 forms of identity verification from: Australian driver’s license, Medicare card, Australian passport or birth certificate.
- Proof of income such as recent payslips, government statements, proof of rental income.
- For self-employed individuals, recent business bank statements and previous ATO Notice of Assessment
- Visa and residency status for foreigners
- Financial information: If you have financial commitments such as loans, other credit cards and installment purchases, it is important to report them during the application.
- Your regular expenses are also relevant because, in the end, the bank considers your entire financial life for approval.
How to apply for the Bank of Melbourne No Annual Fee Credit Card: Step by Step
- In the “Apply Now” button, indicate whether you already have an account with the bank or if you are a new customer.
- Answer a few questions to check if you have a higher chance of approval: If you have received a stable income in the last 3 months, can you have at least $100 each month after paying all your regular expenses and have maintained good credit use such as loans and paid all bills in the last 12 months, there is a higher chance of approving your application.
- Before continuing, check a summary of the most important features of the credit card and confirm that you wish to proceed with the request.
- In the next phase, fill in your personal information and contact details such as mobile phone and email. This step is also for your security, as you will receive a confirmation code.
- Be clear and honest in all information, the next step will be about financial questions and they are essential for the bank to know your profile and offer a suitable credit limit.
- Review all information and submit the application to await analysis.
What happens after the application?
If everything is in order, you will soon receive confirmation of your approval.
You can track the status through the app, but the bank will also keep you updated by email.
Then, your new card will be sent to your registered address and you must activate it before starting to use it.
You can do this in simple steps through the app or internet banking in the card management section.
Frequently Asked Questions:
What is the credit limit of the Bank of Melbourne card? Initially, it starts at $500 as it is a basic card, ideal for spending control and easy limit management.
Can I change my limit? Yes. It is possible to request a change in the ATM withdrawal limit, for example. In addition, if you have changes in your income, after a period of responsible use of the card, you can contact the bank to request an increase in the credit limit.
Like any other change, this also needs to go through the analysis department’s approval, right?
Can I use this card overseas? Yes. But it is necessary to make a “travel notification”, so the bank will authorize international transactions and can also monitor activities and prevent misuse.
What are the security layers that protect the use of the card? Firstly, it is monitored 24/7 to prevent fraud and misuse.
Additionally, if you think you have lost it, you can temporarily block it through the app until you find it or have time to notify the bank and request a reissue.
How can I get help if I have any questions? You can use the chat at any time through the app or call 13 22 66 or +61 3 8536 7870 if you are outside the country.
You will be redirected to the bank’s website.