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Bank of Melbourne Vertigo Platinum
Bank of Melbourne Vertigo Platinum

Bank of Melbourne Credit Cards

Bank of Melbourne Vertigo Platinum

Updated 25 October 2019

If you want a platinum card with a low purchase rate, consider this Bank of Melbourne Vertigo Platinum card. It has all the great features of the classic Vertigo card, but with added platinum benefits. Enjoy having your own personal assistant with the Visa Platinum Concierge service, providing you with its round the clock service. Added convenience of Visa Paywave, up to 55 days interest free on purchases, up to 3 free additional cardholders and Overseas travel insurance for up to 6 months.

T&Cs apply. Offer ends 12 February 2020

Purchase Rate (p.a)

0% p.a.

for 15 months. Reverts to 12.99% p.a.

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$49 first year. Then $99 p.a.

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. on purchases for 15 months
  • Lowest BOM purchase rate of 12.99% p.a.
  • Pay $49 annual fee first year. Low platinum card annual fee of $99 thereafter
  • Up to 55 days interest free on purchases
  • Complimentary Overseas travel insurance for up to 6 months
  • Purchase insurance, extended warranty insurance and price guarantee cover
  • Visa Platinum Concierge
  • Add up to 3 additional cardholders at no extra cost

  • No balance transfer offer

Creditcard.com.au review

Editor Review

Bank of Melbourne Vertigo Platinum

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Bank of Melbourne Vertigo Platinum Credit Card

Sometimes, having a few platinum perks on your credit card can help make life that little bit easier.

Whether you’re taking advantage of complimentary travel insurance or the assistance of a platinum concierge service, those appealing extras can make having a platinum card seem worth the extra money it costs to have it in your wallet.

While the Bank of Melbourne Vertigo Platinum Credit Card may not be jam-packed with prestige features, it does offer a very nice platinum package – with the added bonus of having a low purchase rate and an amazing 0% p.a. on purchases for 15 months.

Intrigued? Read on to find out all the need-to-know on this card, so you can work out whether this platinum package is right for you.

What we love...

The Bank of Melbourne Vertigo Platinum Credit Card has 0% p.a. on purchases for 15 months, the card could let you save on paying interest on bigger purchases, with loads of time to pay down your balance.

Designed to provide all the great features of the classic Vertigo card – with some very attractive platinum benefits on top – the Bank of Melbourne Vertigo Platinum Credit Card can also help you keep costs down.

While platinum cards aren’t generally known to be money-savers, this card has an affordable annual fee, as well as Bank of Melbourne’s lowest variable purchase rate.

In terms of platinum features, the card has two main offerings to sway your decision. First up, as a cardholder, you will have access to the Visa Platinum Concierge service, available 24/7.

Secondly, you could benefit from a host of complimentary insurances, which include overseas travel insurance, purchase insurance, extended warranty insurance and price guarantee cover.

What’s not so great...

Currently this card has no introductory balance transfer offer.

Why should you choose this card?

If you want a credit card with convenient platinum features that you don’t want to pay through the nose for, this may indeed be the card for you.

Aside from the introductory offer and the features already mentioned, some other extras you could benefit from include its low minimum credit limit, up to 55 days interest free on purchases, and up to three free additional cardholders.

Overall Rating

A low rate platinum card with an enticing set of features and a wonderful 0% p.a. purchase offer.

User reviews

Bank of Melbourne Vertigo Platinum ( based on 5 Creditcard.com.au user reviews )

78% rating based on 5 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 12.99% p.a.

Introductory purchase rate 0% p.a. for 15 months

Cash advance rate 21.49% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt $6,000

Maximum credit limit $80,000

Fees & repayments

Annual fee $99 p.a.

Additional card holder fee Up to 3 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2%

Annual fee the first year $49

Cash advance fee 2%

Late payment fee $15

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 6 months

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Overview

Bank of Melbourne Vertigo Platinum

Key features

  • 0% p.a. on purchases for 15 months
  • Lowest BOM purchase rate of 12.99% p.a.
  • Overseas travel insurance - up to 6 months. Available if you are a permanent resident and pay for at least $500 of your prepaid travel costs to your Vertigo Platinum card. Covers unlimited hospital and medical expenses incurred overseas. Up to $30,000 for lost or damaged personal property. Up to $3,750 for alternative transport to a special event.
  • Pay $49 annual fee in the first year ($99 thereafter)
  • Visa Platinum Concierge - Can help you with booking concert tickets. Research and book a holiday. Plan a special occasion and much more.
  • Up to 55 days interest-free on purchases
  • Add up to 3 additional cardholders at no extra cost

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

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

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 Questions

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

66 questions (showing the latest 10 Q&As)

michelle

michelle

10 September 2019
hi, I am interested in the balance transfer, do you only take on 80% of my credit card transfer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 September 2019
    Hi Michelle, its a bit confusing. When the bank is talking about 80%. This is off your new cards credit limit. Nothing to do with your old card. So if you get approved for a 10k limit with the Bank of Melbourne Vertigo Platinum. Then you can transfer up to 8k to the card. You could still transfer 100% of your debt. As long as it is up to or below 80% of your new assigned credit limit.
Sonia

Sonia

18 June 2019
Can i balance a transfer over into a card in my name from a CC with my husband as primary card holder?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 June 2019
    Hi Sonia, a balance transfer must be between the same legal person. Therefore you cannot balance transfer your debt over to your husbands balance transfer. A longer option could be for your husband to get a low rate personal loan (non-Citi). Use this to pay out your credit card debt. Effectively taking over your credit card debt. Then he could look to balance transfer that loan debt. Citi are the only issuer in Australia that will accept non-Citi loan debt. This then could be an option - https://www.creditcard.com.au/citibank-rewards-platinum-credit-card/
Denise

Denise

24 February 2019
I currently have a 10k visa can I transfer 9k into a 15k credit card with you at the 0%BT fee ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 February 2019
    Hi Denise, that is possible as long as your current credit card debt is not with St George group (BOM, BankSA, St George). Though there is a BT of 2% with this card that gets added onto the balance transfer amount. You still have 26 months to pay off the debt at 0%. Have a look at the HSBC Platinum. It has 0% for 22 months with no balance transfer fee.
brent

brent

28 August 2018
best travel credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 August 2018
    Hi Brent, my favourite is the ANZ Rewards Travel Adventure credit card. Sign up bonus points available. Free return flight e.g. Sydney to Perth each year. No foreign conversions fees. No cash advance fees when using an overseas ATM. Earns points on your spend. Overseas travel insurance plus 2 lounge passes. A travellers best friend. No annual fee, the 28 Degrees can work no special features but no foreign fees.
Jamal

Jamal

20 June 2018
Hi, can you please tell what does that mean. 0% p.a. for 24 months on balance transfers requested at card application. Variable cash advance rate applies after the promotional period.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 June 2018
    Hi Jamal, you can move any of your current credit card debt to this offer. You can transfer debt from up to 3 non-St George group issued credit or store cards. This is only available at the time of application. During the application process you will put in the details on the cards you wish to transfer. Any successful amount you transfer will attract 0% interest for the first 24 months. Any unpaid amount of the balance transfer at the end of this intro period. Will revert to the cash advance rate which is over 20%. With a balance transfer you should plan to pay the debt off during the intro period to avoid interest.
Murray

Murray

4 June 2018
does the travel insurance cover national travel
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 June 2018
    Hi Murray, this insurance is only for overseas travel. This card does not come with domestic travel insurance.

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