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Bank of Melbourne Vertigo Platinum

5 reviews

Apply by 2 October 2019

Bank of Melbourne Vertigo Platinum

Purchase rate

12.99% p.a.

Balance transfer

0% 18 months
0% Complete (success)
reverts to 21.49% p.a. No BT fee

Annual fee

$49 first year
49% Complete (success)
then $99

Pros

0% p.a. on balance transfer for 18 months

Lowest BOM purchase rate of 12.99% p.a.

Pay $49 annual fee first year. Low platinum card annual fee of $99 thereafter

55 days interest free on purchases

Complimentary insurances like Overseas travel insurance for up to 6 months

Cons

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

Bank of Melbourne Vertigo Platinum

If you want a platinum card with a low ongoing 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. This card offers 0% for 18 months on balance transfers, no BT fee applies and it reverts to the variable cash advance rate. Pay $49 annual fee for the first year. $99 annual fee thereafter. Enjoy having your own personal assistant with the Visa Platinum Concierge service, providing you with its round the clock service. As a cardholder, you can also enjoy the convenience of Visa Paywave, up to 55 days interest free on purchases, up to 3 free additional cardholders, Visa’s Zero Liability Policy, and the added security for internet purchases and payments. Offer ends 2 October 2019.

Key features

  • 0% p.a. on balance transfer for 18 months. No BT fee applies. Reverts to cash advance rate.
  • 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
80% of customers who have rated this card would recommend it
  • Rates
    79%
  • Fees
    73%
  • Rewards
    N/A
  • Customer Service
    85%
  • Value
    78%
Overall user rating 78%
5 reviews
Interest Rates
Purchase rate 12.99% p.a.
Cash advance rate 21.49% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 18 months
Balance transfer fee No fee
Balance transfer revert rate 21.49% 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 $6,000
Maximum credit limit $80,000
Fees & repayments
Annual fee $99 p.a.
Annual fee first year $49
Additional cardholder fee Up to 3 at no extra cost
Cash advance fee 2%
Foreign transaction fee 3%
Minimum repayment 2%
Late payment fee $15
Credit card type Visa
Complimentary insurance
Overseas travel insurance yes - up to 6 months
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance Yes
Rental vehicle excess cover Yes

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 balance transfers for 18 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...

When it comes to balance transfer offers, it’s generally a good idea to choose one offering the lowest possible interest rate over the longest period of time.

Happily, the Bank of Melbourne Vertigo Platinum Credit Card has both of these bases covered. With 0% p.a. on balance transfers for 18 months, the card could let you could save on interest, with loads of time to pay down your debt.

Aside from the balance transfer offer though, there is plenty more to love about this card.

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...

As with most things in life, with the good, you must also take the bad. Factors to take note of with this card mostly involve the balance transfer offer. If you choose to transfer a balance onto the card, be aware that you may only be able to transfer up to 80% of your approved credit limit.

You may not be able to transfer an existing balance from a St.George, BankSA or Westpac credit card and know that any balance left unpaid after the intro period ends will revert to the cash advance rate.

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. balance transfer offer. Offer ends 2 October 2019.

65 questions (showing the latest 10 Q&As)

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.
  • Be over 18 years old
  • Good credit and 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
Bank of Melbourne Vertigo Platinum
Bank of Melbourne Vertigo Platinum

Bank of Melbourne Vertigo Platinum

Updated 1 July 2019

Apply by 2 October 2019

Purchase Rate (p.a)

12.99%

Balance Transfer (p.a)

0% for 18 months No BT fee. reverts to 21.49% p.a.

Annual Fee (p.a)

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

$0 over 18 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. on balance transfer for 18 months
  • Lowest BOM purchase rate of 12.99% p.a.
  • Pay $49 annual fee first year. Low platinum card annual fee of $99 thereafter
  • 55 days interest free on purchases
  • Complimentary insurances like Overseas travel insurance for up to 6 months

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

Creditcard.com.au review

Editor Review

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 balance transfers for 18 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...

When it comes to balance transfer offers, it’s generally a good idea to choose one offering the lowest possible interest rate over the longest period of time.

Happily, the Bank of Melbourne Vertigo Platinum Credit Card has both of these bases covered. With 0% p.a. on balance transfers for 18 months, the card could let you could save on interest, with loads of time to pay down your debt.

Aside from the balance transfer offer though, there is plenty more to love about this card.

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...

As with most things in life, with the good, you must also take the bad. Factors to take note of with this card mostly involve the balance transfer offer. If you choose to transfer a balance onto the card, be aware that you may only be able to transfer up to 80% of your approved credit limit.

You may not be able to transfer an existing balance from a St.George, BankSA or Westpac credit card and know that any balance left unpaid after the intro period ends will revert to the cash advance rate.

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. balance transfer offer. Offer ends 2 October 2019.

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.

Cash advance rate 21.49% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 18 months

Balance transfer revert rate 21.49% 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 $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

Overseas travel insurance yes - up to 6 months

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance Yes

Extended warranty insurance Yes

Rental vehicle excess cover Yes

Overview

Bank of Melbourne Vertigo Platinum

If you want a platinum card with a low ongoing 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. This card offers 0% for 18 months on balance transfers, no BT fee applies and it reverts to the variable cash advance rate. Pay $49 annual fee for the first year. $99 annual fee thereafter. Enjoy having your own personal assistant with the Visa Platinum Concierge service, providing you with its round the clock service. As a cardholder, you can also enjoy the convenience of Visa Paywave, up to 55 days interest free on purchases, up to 3 free additional cardholders, Visa’s Zero Liability Policy, and the added security for internet purchases and payments. Offer ends 2 October 2019.

Key features

  • 0% p.a. on balance transfer for 18 months. No BT fee applies. Reverts to cash advance rate.
  • 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.

65 questions (showing the latest 10 Q&As)

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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