- 0% p.a. for 22 months on balance transfers requested at card application. 1.5% balance transfer fee applies. Reverts to cash advance rate.
- 0% p.a. on purchases for 7 months. Low ongoing purchase rate of 13.99% p.a.
- Pay no annual fee first year. $55 annual card fee thereafter
- Up to 55 days interest free on purchases
- 24/7 Falcon fraud monitoring
- Eligible with Apple Pay, Google Pay and Samsung Pay
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BankSA Credit Cards
BankSA Vertigo Credit Card
Updated 5 August 2020
Giving you not just a great ongoing low rate on purchases, the BankSA Vertigo Card comes with a 0% balance transfer and 0% on purchases offer. Using this card you can also benefit of quick payments with Visa Paywave as well as Apple Pay, Google Pay and Samsung Pay. Get one free additional cardholder.
T&Cs apply. Offer ends 30 September 2020
Purchase Rate (p.a)
0% p.a.
for 7 months. Reverts to 13.99% p.a.
Balance Transfer (p.a)
0% for 22 months
1.5% balance transfer fee applies.
Reverts to 21.49% p.a.
Annual Fee (p.a)
$0 first year. Then $55 p.a.
Pros and cons
- You cannot transfer an existing balance from a St George, Bank SA or Bank of Melbourne credit card
Creditcard.com.au review
Editor Review
BankSA Vertigo Credit Card
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland 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 22-month 0% p.a. balance transfer offer, and year-to-year with a low annual fee.
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 0% p.a. interest for 22 months with a one off 1.5% 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 offering a low $55 annual fee. Pay no annual fee the first year. This card's annual fee is fairly reasonable, especially when compared to certain other cards on the market.
On top of that, the card has a low ongoing purchase rate, which is important if you don’t always clear your balance month to month. It also features a low minimum credit limit, and a low minimum income requirement, making it easier for low income earners to get approved.
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 0% 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 Falcon fraud monitoring.
Overall Rating
A low rate credit card with handy features and a great 0% balance transfer deal offered over 22 months. 0% on purchases for 7 months. No annual fee first year - save $55. Offer ends 30 September 2020. New cards only.
User reviews
Rates and fees
Interest rates
Purchase rate 13.99% p.a.
Introductory purchase rate 0% p.a. for 7 months
Cash advance rate 21.49% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 22 months
Balance transfer revert rate 21.49% p.a.
Balance transfer from personal loan N/A
Balance transfer fee 1.5% one off
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 $80,000
Fees & repayments
Annual fee $55 p.a.
Additional card holder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2%
Annual fee the first year $0
Cash advance fee 2%
Late payment fee $15
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Eligible with Apple Pay, Google Pay and Samsung Pay
Overview
BankSA Vertigo Credit Card
Disclaimer: The interest free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.
Key features
- 0% p.a. for 22 months on balance transfers requested at card application. 1.5% balance transfer fee applies. Reverts to cash advance rate.
- 0% p.a. on purchases for 7 months. Low ongoing purchase rate of 13.99% p.a.
- Receive up to 55 days interest free on purchases
- Pay no annual fee first year. $55 annual card fee thereafter
- 24/7 Falcon fraud monitoring
- Eligible with Apple Pay, Google Pay and Samsung Pay
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
-
Minimum income of $15,000 p.a.
You have your personal details ready to complete the online application
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.
Ask a question34 questions (showing the latest 10 Q&As)
Hi, I have just been approved $4000 for balance transfer offer with Bank of Melbourne to cover my $7400 CC debt with Westpac but will need another $3000 can I also apply for a balance transfer with BankSA or St. George to cover my remaining Westpac debt? or would I have to look for another bank?
Hi Tom, you could apply with them. Though as they just assigned you a 4k limit. They might then decline your next application. The good news is, at least you have a got a good chunk into 0% interest. Focus on paying off whatever is the highest first. You can try to apply for another balance transfer for the remaining 3-4k. Though if you are declined then do not apply again for at least 6 months. I suggest the ANZ Low Rate - request a 4k limit. Though you still could have a go with BankSA or St.George. Though I think more risky for approval.
Hi there. I'm just wondering what happens when you want to transfer an existing balance to a new credit card? Is it all done at the application process or once approved for an amount does the individual transfer the amount themselves? I've just never done a balance transfer before so I'm unsure how exactly it works. Thanks.
Hi Chanara, once approved for your new balance transfer card. The new bank will make a payment on your behalf soon after card activation. Its an automated process that you are not involved in at that stage.
Hi. Can you balance transfer a personal loan on a Vertigo Credit card?
Hi Shan, you cannot transfer loans to Vertigo balance transfer offers. Citi are the only issuer that will accept loans (non-Citi). There are a range of brands that have their cards issued through Citi. This Virgin offer ends today but can take loans and has no balance transfer fee and low annual fee.
I have an exsisting Verito card. Can i transfer from other non sabank card i.e. gem visa for the 0% 16 month transfer deal.
Hi Barbara, this balance transfer offer is available only at the time of application. As a current customer you do not have access to do another 16 month balance transfer. You can though look to apply for a balance transfer with another bank to take your GEM visa debt. Have a look at the ANZ low rate.
Am I eligible if I am on a working holiday visa?
Hi Georgia, I don't think you can get approved on a working holiday visa. You would need more of a long stay Visa. With St George Group (inc Bank SA), you have to have a valid visa with at least two years before the expiration date.
Is there a fee to transfer a balanced across?
Hi Sarah, no balance transfer fee on this offer.
do you give creit cards to pensioners on oold age pension
Hi Wayne, it is possible to get approved with BankSA on a pension. They will access your application on a range of factors such as income (Age Pension can be part of this) v expenses, assets v liability and credit history. Best of luck with your application.
if i would like to pay to a balance transfer to pay off a credit card and i owe 5000 how much would i need my BankSA credit card to be?
Hi Samantha, with BankSA you can transfer up to 95% of your approved limit. Therefore if you apply and are approved for a $5,500 this would be more than enough to transfer the full amount. Best of luck with your application.
Will I be charged if I pay the BT off earlier than the 18 months?
Hi Maddie, you can pay off the balance transfer at any time without penalty.
Any monthly fees
Hi Sue, there are no monthly fees, though there is an annual fee in the 2nd year on wards of $55.
Is there a balance transfer rate fee? If so what is it?
Hi Courtney, there is no balance transfer fee with this offer. Best of luck with your application.
Do you charge balance transfer fee?
Hi Yuki, there is no balance transfer fee with this offer.
Im returning to Australia after being away for years. Im an Australian by birth and of course a Passport holder. Anything I should be aware of ?
Hi Daniel, your approval will depend on your previous AU credit history and a range of other factors such as income v expenses. Also banks will push for AU addresses. In the end, welcome back to Australia. Once you are settled in then let me know what type of card you are looking for and I can offer some suggestions. A balance transfer is only good for transferring Australian credit card debt so this is likely to not be relevant to you.
Im a New Zealand citizen,been In Oz for over 9 years,work full time,just inquiring to see if I am eligible to apply for a balance transfer ?
Hi Paul, it sounds like you would be. You can transfer up to 3 non-St George group issued cards to this offer.
Claude
28 January 2013Good choice as a balance transfer card gives me time to pay down my debt. It has a low purchase rate, much lower than most cards making it good for everyday shopping. Cheap annual fee.
Recommends this card