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Bank of Melbourne Vertigo Credit Card
Bank of Melbourne Vertigo Credit Card

Bank of Melbourne Credit Cards

Bank of Melbourne Vertigo Credit Card

Updated 21 March 2024

A low rate credit card with a great introductory offer - Bank of Melbourne Vertigo Classic currently offers 0% p.a. for 28 months on balance transfers requested at card application, a 1% balance transfer fee applies. Apply by 31 July 2024. Other benefits include low ongoing purchase rate, up to 55 days interest-free on purchases and one free additional cardholder. T&Cs apply.

Purchase Rate (p.a)

13.99%

Balance Transfer (p.a)

0% for 28 months 1% balance transfer fee applies.
Reverts to 21.49% p.a.

Annual Fee (p.a)

$55

$0 over 28 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. for 28 months on balance transfers requested at card application. 1% balance transfer fee applies. The rate then switches to the applicable variable cash advance rate. Available to newly approved card applications by 31 July 2024.
  • Affordable annual fee of $55
  • Low ongoing purchase rate at 13.99% p.a.
  • Up to 55 days interest free on purchases
  • Add up to one additional cardholder at no extra cost
  • 24/7 fraud monitoring
  • Eligible with Apple Pay, Google Pay and Samsung Pay

  • You cannot transfer an existing balance from a St George, Bank SA or Bank of Melbourne credit card

Creditcard.com.au review

Editor Review

Bank of Melbourne Vertigo Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

The Bank of Melbourne Vertigo Credit Card

Credit cards don’t have to be complicated. If you’re not that interested in flashy features or complex rewards programs, you can find cards out there that eschew these offerings.

Only providing access to credit – with a few essential extras thrown in to keep things interesting – these cards can be the ideal option for cardholders who are looking to keep things simple.

One such card is the Bank of Melbourne Vertigo Credit Card- providing a low ongoing purchase rate and annual fee, this little beauty likes to keep it simple while allowing cardholders to save some money.

And, if you apply today, you can save even more money by taking advantage of the card’s introductory offer- 0% p.a. on balance transfers for 28 months with no transfer fee. Pretty sweet deal, we say.

What we love...

One of the most obvious features attracting us to the Bank of Melbourne Vertigo Credit Card is that 0% p.a. for 28 months balance transfer offer. If you have existing credit card debt, this card can provide a great way to pay it off faster, while saving you heaps in interest.

The card also presents a low ongoing interest rate on purchases at 13.99% p.a. so you enjoy the benefits of a simple, low-cost card along the way.

What’s not so great...

Now we’ve talked about the great bits, let’s go over some of the not-so-great bits. First up, if you want to take advantage of the balance transfer offer, you may not be able to transfer an existing balance from a Bank of Melbourne, St.George and BankSA credit card.

In addition, any balances you do transfer may be capped at 80% of your approved credit limit.

It’s also worth bearing in mind that any transferred balance left unpaid at the end of the 28-month introductory period will revert to the card’s higher cash advance rate – not the much lower purchase rate.

Why should you choose this card?

While many new cardholders apply for the Bank of Melbourne Vertigo Credit Card for its excellent balance transfer offer, it is of course a fantastic card to keep in your wallet day-to-day.

While it’s not jam-packed full of fancy features, it does provide a few of the essentials that most credit cardholders now rely on.

These include the convenience of Visa payWave, up to 55 days interest free on purchases, one free additional cardholder, Visa’s Zero Liability Policy, and 24/7 fraud monitoring.

Overall Rating

A low rate card offering essential features and a superb 28-month 0% p.a. balance transfer offer, all in one simple package. Offer ends 31 July 2024. New cards only.

User reviews

Bank of Melbourne Vertigo Credit Card ( based on 30 Creditcard.com.au user reviews )

77% rating based on 30 reviews

Rates
Fees
Rewards
Customer Service
Value
65%

Geena Singer

28 January 2013

The Vertigo is a good ongoing credit card I have found. The balance transfer offer is a good one but you can also keep it if you need a cheaper card also. The annual fee is pretty good and the interest rate on purchases stays low. Great bank to deal with.

Recommends this card
78%

Georgie Maitland

28 January 2013

This card saved my life!! After having wracked up a fair amount of debt on my old cards, my boyfriend told me I needed to sort it out and get a balance transfer card. I loaded all the other cards on the Vertigo and started to pay it off. Going good so far and am keeping to my budget. Cut up the old cards too...

Recommends this card
86%

Michelle

28 January 2013

Great low rate card with a good balance transfer and low annual fee.

Recommends this card

Rates and fees

Interest rates



Purchase rate 13.99% p.a.

Cash advance rate 21.49% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 28 months

Balance transfer revert rate 21.49% p.a.

Balance transfer from personal loan No

Balance transfer fee 1% one off

Balance transfer limit 80% of approved credit limit

Brands you can't balance transfer from Bank of Melbourne, BankSA, St.George

Credit limits

Minimum credit limit $500

Maximum credit limit $80,000

Fees & repayments

Annual fee $55 p.a.

Additional cardholder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2% or $10, whichever is greater

Cash advance fee 3%

Late payment fee $15

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Eligible with Apple Pay, Google Pay and Samsung Pay

Overview

Bank of Melbourne Vertigo Credit Card

Disclaimer: The interest free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.

Key features

  • 0% p.a. for 28 months on balance transfers requested at card application. 1% balance transfer fee applies. The rate then switches to the applicable variable cash advance rate. Available to newly approved card applications by 31 July 2024
  • Low annual fee of $55
  • Low ongoing purchase rate at 13.99% p.a.
  • Visa payWave contactless payments for transactions under $200
  • Up to 55 days interest-free on purchases
  • Add up to 1 additional cardholder at no extra cost
  • Eligible with Apple Pay, Google Pay and Samsung Pay

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • You have permanent residency in Australia/NZ OR; You’re a non-resident or migrant and hold an acceptable Visa, with a min 1 year before expiry

  • You have your personal details ready to complete the online application

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

Something you need to know about this card? Ask our credit card expert a question.

46 questions (showing the latest 10 Q&As)

Pete

Pete

27 May 2024
How do you turn cash into card money
    Pauline - CreditCard.com.au

    Pauline

    31 May 2024
    Hi Pete, you can use your card to purchase daily necessities such as electricity bills, groceries, and other similar expenses. However, upon review, there’s no preload option available with the Bank of Melbourne Vertigo card, but you can transfer in with your online banking system..
Jill

Jill

4 April 2024
Can I transfer from Westpac credit card to BOM with a 0 % for 28 months. I have a balance transfer of $13,000. What would be the next steps to do this?
    Pauline - CreditCard.com.au

    Pauline

    18 April 2024
    Hi Jill, unfortunately Westpac doesn’t allow balance transfers between itself and Bank of Melbourne. You could look at a transfer to a non-Westpac card, but that amount is quite a lot and you’d need to have a high credit limit to facilitate it. You could call and ask a few card providers for their thoughts based on your eligibility, or you could look at moving it to a personal loan with a lower interest rate. I hope that helps!
Preen

Preen

4 April 2024
Are you able to use this card instantly in apple wallet etc ?
    Pauline - CreditCard.com.au

    Pauline

    11 April 2024
    Hi Preen, as soon as you link your BOM Vertigo card to your Apple Pay, Google Pay, or Samsung Pay, you can use it right away.
Anura

Anura

1 February 2024
this is regarding the virtigo credit card which offers 0% interest rate for 32 months balance transfer. Annual fee is 55 p.a. I like to know how I pay annual fee without paying extra interest as there is a balance transfer. that mean, I assume when I pay a amount, it will deduct from the balanced transferred amount, but not amount from other expenses including annual fee. then I have to pay interest for annual fee charged. please let me know if this is correct. how do I pay annual fee without paying interest?
    Pauline - CreditCard.com.au

    Pauline

    1 February 2024
    Hi Anura, just having a read through the Bank of Melbourne FAQ’s and it looks like there’s a few different ways you can make payments to your account. When you are charged your annual fee you can make a direct payment of that amount to ensure that there is no interest accrued on it. You can use internet or phone banking, BPAY, direct debit autopay or visit a branch to make payments on your account.
Progress Mapuranga

Progress Mapuranga

20 April 2023
Hi Pauline Please can you assist me I would like to apply for balance transfer.
    Pauline - CreditCard.com.au

    Pauline

    24 April 2023
    Hi Progress, we don’t have a partnership with Bank of Melbourne right now, so you’ll have to head over to their official web site to apply. To transfer your balance, you can specify that request during the credit card application process. We’ve also curated some of the key rules explained here about balance transfers.
Mark O'Sullivan

Mark O'Sullivan

27 October 2022
how do I apply?
    Pauline - CreditCard.com.au

    Pauline

    28 October 2022
    Hi Mark, as we don’t have an active partnership, you’ll have to go to the Bank of Melbourne’s official website to apply for their Vertigo card.

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