BankSA Vertigo Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

The BankSA Vertigo Credit Card

If thriftiness is your thing, the BankSA Vertigo Credit Card may just be the credit card you’ve been searching for. Even if thriftiness is not your thing, but you think it should be, this card could set you on the path to a frugality you enjoy so much you never want to leave it behind.

Or perhaps not, who knows?

All we know is this card has some serious money-saving capability, allowing you to save on everyday purchases with a low ongoing purchase rate, on existing credit card debt with a fantastic 36-month 6.99% p.a. balance transfer offer.

Sounds like it might ring your bell? Let’s dig a little deeper.

What we love...

Before we go on to talk about anything else, we really need to look more closely at that amazing balance transfer offer. With the BankSA Vertigo Credit Card, you can transfer balances from your existing credit cards to pay 6.99% p.a. interest for 36 months with no balance transfer fee.

Potentially saving you a significant amount of money in interest, the card lets you pay off more of your actual debt, which should allow you to get it down to zero that much faster.

In terms of its other money-saving capabilities, the BankSA Vertigo Credit Card is charging an annual fee of $55 which is fairly reasonable, especially when compared to certain other cards on the market.

On top of that, the card has a low minimum credit limit and a low ongoing purchase rate, which is important if you don’t always clear your balance month to month.

What’s not so great...

To ensure you make the most of this card, you need to know the essentials. If you choose to take advantage of the 6.99% balance transfer offer, you may not be able to transfer a balance from a St.George, Bank of Melbourne, or Westpac credit card.

You may only be able to transfer a balance up to 80% of your approved credit limit. Also, take note that any unpaid balance transfer reverts to the cash advance rate at the end of the introductory period.

Why should you choose this card?

If you’re looking for a money-saving credit card that allows you to pay off existing credit card debt while still saving money on other stuff like purchases and annual fees, the BankSA Vertigo Credit Card may indeed be the card for you.

Any other features to consider? As a cardholder, you can benefit from up to 55 days interest free on purchases, one free additional cardholder, the convenience of Visa PayWave, and the security of 24/7 fraud monitoring.

Overall Rating

A low rate credit card with handy features and a great 6.99% balance transfer deal offered for 36 months. New cards only.