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Bank of Melbourne Vertigo Credit Card

25 reviews

Apply by 22 May 2019

Purchase rate

13.74% p.a.

Balance transfer

0% 16 months
0% Complete (success)
reverts to 19.49% p.a. No BT fee

Annual fee

$55 p.a.
55% Complete (success)

Pros

0% p.a. on balance transfers for 16 months

Purchase rate of 13.74% p.a.

Low annual credit card fee of $55

Up to 55 days interest free on purchases

Cons

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

You can balance transfer up to 80% of your approved credit limit

Balance transfers revert to high cash advance rate after the promotional period ends

Bank of Melbourne Vertigo Credit Card

If you want a low rate credit card with a great balance transfer offer, take a look at the Bank of Melbourne Vertigo Classic, currently offering 0% p.a. on balance transfers for 16 months on card application. After the 16 month promotional period ends, the rate switches to the variable cash advance rate. The annual fee is $55 and the card comes with a low 13.74% p.a. on purchases. Offer ends 22 May 2019. New cards only.

As a cardholder, you can also enjoy the convenience of Visa Paywave, up to 55 days interest free on purchases, one free additional cardholder, Visa’s Zero Liability Policy, and the added security for internet purchases and payments.

Key features

  • 0% p.a. on balance transfers for 16 months. Reverts to cash advance rate
  • Purchase rate of 13.74% p.a.
  • $55 annual card fee
  • If you make a purchase under $100 you don't need to enter your pin or sign for your purchase
  • Up to 55 days interest-free on purchases
  • Add up to 1 additional cardholder at no extra cost
  • Rates
    92%
  • Fees
    90%
  • Rewards
    N/A
  • Customer Service
    91%
  • Value
    90%
92% of customers who have rated this card would recommend it
Overall customer rating 91%
25 reviews

87% Geena Singer | 28 January 2013

The Vertigo is a good ongoing credit card Iâ??ve 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

Interest Rates
Purchase rate 13.74% p.a.
Cash advance rate 19.49% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 16 months
Balance transfer fee No fee
Balance transfer revert rate 19.49% p.a.
Balance transfer limit 80% of your approved new credit limit
Balance transfer from personal loan No
Banks you can't balance transfer from Bank of Melbourne ,BankSA ,St.George
Credit limits
Minimum credit limit $500
Maximum credit limit $40,000
Fees & repayments
Annual fee $55 p.a.
Additional cardholder fee $0 p.a.
Cash advance fee 2%
Foreign transaction fee 3%
Minimum repayment 2%
Late payment fee $15
Credit card type Visa
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No

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 purchase rate and low ongoing 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, taking advantage of the card’s offer of 0% p.a. on balance transfers for 16 months. 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 balance transfer offer. If you have existing credit card debt, a 0% balance transfer offer can provide a great way to pay it off faster, while saving you heaps in interest.

With its offer of 0% p.a. on balance transfers for 16 months on card application, the Bank of Melbourne Vertigo Credit Card could give you plenty of time to pay off that debt. Plus, you can enjoy the benefits of a simple, low cost card along the way.

What are some of those benefits exactly? First off, the card has a low ongoing purchase rate. While it’s always best to clear your balance month-to-month – especially when paying off a transferred balance – this card does keep ongoing interest on purchases on the lower end of the scale.

On top of that, the card also offers an affordable ongoing annual fee, which happens to be $55.

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 St.George, BankSA or Westpac 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 16-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.

With a low minimum income requirement of $15,000 p.a., the card may be easier to get approved for than other credit cards. And 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 16-month 0% p.a. balance transfer offer, all in one simple package. Offer ends 22 May 2019. New cards only.

30 questions (showing the latest 10 Q&As)

Jamie brown

Jamie brown

27 February 2019
Am I able to transfer money onto personal loan to close the account ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 February 2019
    Hi Jamie, you cannot transfer personal loans to this balance transfer offer. Only Citi will accept non-Citi personal loans as part or all of the transfer. Have a look at the Citi Rewards Platinum balance transfer offer.
Donna

Donna

7 October 2017
I already have a BOM Vertigo card are there any interest free promotions to transfer moneys from other cards to this one?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 October 2017
    Hi Donna, this offer is available for new cards only. What cards are you looking to transfer and how much debt from each? Then I can suggest some options.
Samantha

Samantha

30 May 2017
What is the percentage of the credit limit that can be transferred?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 May 2017
    Hi Samantha, of the newly assigned credit limit on this card, you can transfer 95%. This doesn't mean that you cannot transfer 100% of your old card balances. If you get approved for a 20k limit, then you can transfer up to $19,000 of your old debt. Best of luck with your application.
Noraini Omar

Noraini Omar

13 May 2017
what is maximum for balance transfer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 May 2017
    Hi Noranini, the maximum balance transfer will depend on what credit limit you are assigned. With BOM you can transfer up to 95% of your approved credit limit. The maximum credit limit you can achieve is $80,000 depending on your personal situation.
Stinoy Thomas

Stinoy Thomas

4 April 2017
what is the credit limit of a vertigo credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 April 2017
    Hi Stinoy, the maximum credit limit for this card is $40,000.
Tayla

Tayla

5 February 2017
Is there a balance transfer fee for this card? Want to transfer about $3500 so I can eliminate the debt.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 February 2017
    Hi Tayla, there is no balance transfer fee with this offer. Best of luck with your application and eliminating the debt during the 0% p.a. period.
senthur rajkumar

senthur rajkumar

18 December 2016
are the cards mailed out or picked up in branch only?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 December 2016
    Hi Senthur, I am not sure on this, you can give customer service a call on 13 22 66.
Raj Kumar

Raj Kumar

4 December 2016
Hi can I balance transfer in my personal loan please let me know thanks Raj
Sally

Sally

25 October 2016
i wish to apply for a balance transfer for my creditcard debt of 1900 could you please help me choose the right card. I am sick of the high interest each month and need to get this paid off asap.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 October 2016
    Hi Sally, at that sort of transfer amount, I would suggest the Virgin No Annual fee card with 0% for 18 month with a 2% BT Fee ($38 on your $1900 transfer). Best of luck with your application.
Daniel

Daniel

8 September 2016
Can I use this card to pay out a citi bank line of credit
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 September 2016
    Hi Daniel, no credit card balance transfer can be used to pay out a Citi line of credit. Your best option is to look at a non-Citi low rate personal loan to pay it off. Then, subject to credit approval, you could look to transfer that new personal loan debt to a Citi balance transfer offer. Citi are the only issuer in Australia that can accept personal loan debt as part or all of the transfer. With BOM you can transfer up to 3 non-St George issued credit or store cards.
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Australian permanent resident. Temporary residents are eligible
  • Minimum income of $15,000 p.a.
  • You have your personal details ready to complete the online application
Bank of Melbourne Vertigo Credit Card
Bank of Melbourne Vertigo Credit Card

Bank of Melbourne Credit Cards

Bank of Melbourne Vertigo Credit Card

14 March 2019

Apply by 22 May 2019

Purchase Rate (p.a)

13.74%

Balance Transfer (p.a)

0% for 16 months No BT fee. reverts to 19.49% p.a.

Annual Fee (p.a)

$55

$0 over 16 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Bank of Melbourne Vertigo Credit Card

If you want a low rate credit card with a great balance transfer offer, take a look at the Bank of Melbourne Vertigo Classic, currently offering 0% p.a. on balance transfers for 16 months on card application. After the 16 month promotional period ends, the rate switches to the variable cash advance rate. The annual fee is $55 and the card comes with a low 13.74% p.a. on purchases. Offer ends 22 May 2019. New cards only.

As a cardholder, you can also enjoy the convenience of Visa Paywave, up to 55 days interest free on purchases, one free additional cardholder, Visa’s Zero Liability Policy, and the added security for internet purchases and payments.

Key features

  • 0% p.a. on balance transfers for 16 months. Reverts to cash advance rate
  • Purchase rate of 13.74% p.a.
  • $55 annual card fee
  • If you make a purchase under $100 you don't need to enter your pin or sign for your purchase
  • Up to 55 days interest-free on purchases
  • Add up to 1 additional cardholder at no extra cost

Customer Reviews

Bank of Melbourne Vertigo Credit Card

91% rating based on 25 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates & Fees

Interest rates

Purchase rate 13.74% p.a.

Cash advance rate 19.49% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 16 months

Balance transfer revert rate 19.49% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee.

Balance transfer limit 80% of approved credit limit

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

Credit limits

Minimum credit limt $500

Maximum credit limit $40,000

Fees & repayments

Annual fee $55 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2%

Cash advance fee 2%

Late payment fee $15

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone Screen Insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Our Review

Editor Review

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 purchase rate and low ongoing 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, taking advantage of the card’s offer of 0% p.a. on balance transfers for 16 months. 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 balance transfer offer. If you have existing credit card debt, a 0% balance transfer offer can provide a great way to pay it off faster, while saving you heaps in interest.

With its offer of 0% p.a. on balance transfers for 16 months on card application, the Bank of Melbourne Vertigo Credit Card could give you plenty of time to pay off that debt. Plus, you can enjoy the benefits of a simple, low cost card along the way.

What are some of those benefits exactly? First off, the card has a low ongoing purchase rate. While it’s always best to clear your balance month-to-month – especially when paying off a transferred balance – this card does keep ongoing interest on purchases on the lower end of the scale.

On top of that, the card also offers an affordable ongoing annual fee, which happens to be $55.

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 St.George, BankSA or Westpac 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 16-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.

With a low minimum income requirement of $15,000 p.a., the card may be easier to get approved for than other credit cards. And 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 16-month 0% p.a. balance transfer offer, all in one simple package. Offer ends 22 May 2019. New cards only.

Pros

  • 0% p.a. on balance transfers for 16 months
  • Purchase rate of 13.74% p.a.
  • Low annual credit card fee of $55
  • Up to 55 days interest free on purchases

Cons

  • You cannot transfer an existing balance from a St George, Bank SA or Bank of Melbourne credit card
  • You can balance transfer up to 80% of your approved credit limit
  • Balance transfers revert to high cash advance rate after the promotional period ends

Minimum criteria to apply for this card

  • Be over 18 years old

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

  • Australian permanent resident. Temporary residents are eligible

  • Minimum income of $15,000 p.a.

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

Customer reviews

87%

Geena Singer

28 January 2013

The Vertigo is a good ongoing credit card Iâ??ve 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%

Editor

28 January 2013

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

Recommends this card
Roland B Bleyer

Roland B Bleyer founded creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Question

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

30 questions (showing the latest 10 Q&As)

Jamie brown

Jamie brown

27 February 2019
Am I able to transfer money onto personal loan to close the account ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 February 2019
    Hi Jamie, you cannot transfer personal loans to this balance transfer offer. Only Citi will accept non-Citi personal loans as part or all of the transfer. Have a look at the Citi Rewards Platinum balance transfer offer.
Donna

Donna

7 October 2017
I already have a BOM Vertigo card are there any interest free promotions to transfer moneys from other cards to this one?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 October 2017
    Hi Donna, this offer is available for new cards only. What cards are you looking to transfer and how much debt from each? Then I can suggest some options.
Samantha

Samantha

30 May 2017
What is the percentage of the credit limit that can be transferred?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 May 2017
    Hi Samantha, of the newly assigned credit limit on this card, you can transfer 95%. This doesn't mean that you cannot transfer 100% of your old card balances. If you get approved for a 20k limit, then you can transfer up to $19,000 of your old debt. Best of luck with your application.
Noraini Omar

Noraini Omar

13 May 2017
what is maximum for balance transfer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 May 2017
    Hi Noranini, the maximum balance transfer will depend on what credit limit you are assigned. With BOM you can transfer up to 95% of your approved credit limit. The maximum credit limit you can achieve is $80,000 depending on your personal situation.
Stinoy Thomas

Stinoy Thomas

4 April 2017
what is the credit limit of a vertigo credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 April 2017
    Hi Stinoy, the maximum credit limit for this card is $40,000.
Tayla

Tayla

5 February 2017
Is there a balance transfer fee for this card? Want to transfer about $3500 so I can eliminate the debt.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 February 2017
    Hi Tayla, there is no balance transfer fee with this offer. Best of luck with your application and eliminating the debt during the 0% p.a. period.
senthur rajkumar

senthur rajkumar

18 December 2016
are the cards mailed out or picked up in branch only?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 December 2016
    Hi Senthur, I am not sure on this, you can give customer service a call on 13 22 66.
Raj Kumar

Raj Kumar

4 December 2016
Hi can I balance transfer in my personal loan please let me know thanks Raj
Sally

Sally

25 October 2016
i wish to apply for a balance transfer for my creditcard debt of 1900 could you please help me choose the right card. I am sick of the high interest each month and need to get this paid off asap.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 October 2016
    Hi Sally, at that sort of transfer amount, I would suggest the Virgin No Annual fee card with 0% for 18 month with a 2% BT Fee ($38 on your $1900 transfer). Best of luck with your application.
Daniel

Daniel

8 September 2016
Can I use this card to pay out a citi bank line of credit
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 September 2016
    Hi Daniel, no credit card balance transfer can be used to pay out a Citi line of credit. Your best option is to look at a non-Citi low rate personal loan to pay it off. Then, subject to credit approval, you could look to transfer that new personal loan debt to a Citi balance transfer offer. Citi are the only issuer in Australia that can accept personal loan debt as part or all of the transfer. With BOM you can transfer up to 3 non-St George issued credit or store cards.

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