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.
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.