BankSA Vertigo Platinum Credit Card

Updated 1 October 2020

Lowest purchase rate of any BankSA card at 12.99% p.a. Using this card you can also benefit from up to 55 days interest free on purchases, Visa Paywave and overseas travel insurance for up to 6 months. You may also apply for 3 additional cardholders at no extra charge.

T&Cs apply. Offer ends 9 February 2021

$99 annual fee
Low purchase rate of 12.99% p.a.
Up to 55 days interest free on purchases
6.99% p.a. for 12 months on balance transfers requested at new card application. Rate then switches to variable cash advance rate.
You can transfer up to 3 non-St George group credit card or store card debt
Complimentary international travel insurance for up to 6 months
Add up to 3 additional cardholders at no extra cost
Eligible with Apple Pay, Google Pay and Samsung Pay

No 0% introductory balance transfer offer

BankSA Vertigo Platinum 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 Platinum Credit Card

Spent some time comparing platinum credit cards? You’ve probably noticed that platinum offerings can vary, with some cards providing much more than others. However, you may also have noticed that some platinum cards charge much more in fees and interest than others too.

The key to making the right choice is obvious. You need to find the card that offers all the platinum perks you want – with the lowest possible outlay. Fortunately for you, we might be able to cut your search time down to zero, with the BankSA Vertigo Platinum Credit Card.

Offering an array of tempting platinum extras, the BankSA Vertigo Platinum Credit Card also helps to keep costs low. Not only does it have a blindingly great low rate of 12.99% p.a. on purchases, it also features a reasonable annual fee of $99.

What we love...

On to the card’s other money-saving features. The annual fee is reasonable, especially when you compare it to certain other platinum cards. However, it’s this card’s purchase rate that’s the real winner here. If you don’t always clear your balance each month, BankSA’s lowest purchase rate could help you save a bob or two.

What’s not so great...

There's not a great balance transfer offer available with this card. Deal breaker? We’ll leave that up to you.

While we recommend reading through all the small print when applying for a credit card, we would like to bring to your attention some of the specifics regarding the balance transfer offer on this card.

First up, any unpaid transferred balance will revert to the cash advance rate, which is significantly higher than the purchase rate. You may find you cannot transfer an existing balance from a St.George, Bank of Melbourne or BankSA credit card, and you may only be able to balance transfer up to 80% of your approved credit limit. You get 6.99% p.a. for 12 months on balance transfers requested at new card application.

Why should you choose this card?

With that covered, we can now talk more about the other features that make this card worthy of your attention. Platinum perks, you say? This card’s got ‘em.

Providing you with a range of complimentary insurances, the BankSA Vertigo Platinum Credit Card gives you some peace of mind with travel insurance for trips up to six months, plus purchase insurance, extended warranty insurance and price guarantee cover.

As a cardholder, you can also benefit from up to 55 days interest free on purchases, and up to three additional cardholders at no extra charge.

Overall Rating

A low rate platinum card with plenty of perks.

BankSA Vertigo Platinum Credit Card ( based on 2 Creditcard.com.au user reviews )

95%

Rates

95%

Fees

N/A

Rewards

95%

Customer Service

95%

Value

95%

100% of users who have rated this card would recommend it

95%

overall user rating (2 reviews )

100% of users who have rated this card would recommend it

Citi Rewards Credit Card

7 reviews

Credit Limit up to 100k

0% balance transfer for 30 months. Transfer up to 3 non-Citi personal loans, store and/or credit cards. Great for debt consolidation. Citi Reward program. Overseas travel insurance.

Transfer Personal Loans, Store and Credit Cards

ANZ Low Rate Credit Card – 0% Balance Transfer

61 reviews

No annual fee first year

0% p.a. first 25 months on balance transfers. 1.5% BT fee. Reverts to 20.24% p.a. Low purchase rate of 12.49% p.a. and low $58 annual card fee. Up to 3 free additional card holders.

Westpac Low Rate Credit Card

304 reviews

$200 cashback with $1k min. spend

Strong 0% balance transfer offer from Westpac. Reverts to cash advance rate. Plus, $200 cashback with $1k min. eligible spend in first 90 days. Free additional cardholder. Low annual fee of $59 makes this a nice package.

Low Rate Package

KEITH

6 November 2019

can i get qantas frequent flyer points with this card or does BANKSA have a antas card earning points

Roland

7 November 2019

Hi Keith, there are no Qantas points earnings available with this particular card. This version of the card does have Qantas points earning plus 60k bonus points. https://www.creditcard.com.au/banksa-amplify-platinum-qantas/

Sarah

11 July 2019

Is there a required minimum income for this card? Elsewhere I've noticed it says $15k/year, but nothing on this page..?

12 July 2019

Hi Sarah, as a guide I would say you need at least 15k income. Though BankSA no longer provide any guidance on the minimum income required to apply. You just need to be over 18 + an Australian permanent resident.

Shana cox

14 May 2019

What if u don't use the card for anything do u still get charged the fee

Hi Shana, you will always have to have the annual fee unless its waived. For this offer, you pay no annual fee in the first year. Then if you continue to the keep the card. You will be charged the annual fee soon after the anniversary of having the card. If you are going to be a light credit card user then it may be worth getting a no annual fee card. Have a look at the ME Frank

Andrea

26 February 2019

Hi I dont have a credit card but would like to get one as i have no balance to transfer would i still be able to apply

27 February 2019

Hi Andrea, yes you can still apply without doing a balance transfer. You can just skip that part of the application as it is not compulsory.

Aleashea

27 December 2018

Hi there I would like to try apply for a credit card but I am on centerlink and sometimes have my daughter and can't afford to purchase items straight away. Credit history iant the best due to previous partner. Would I still be able to apply for a small credit card? Thanks

31 December 2018

Hi Aleashea, you need to have good credit to get approved for a new credit card. Therefore you should review your credit file and see what problems could be their that could affect your application. Approval will depend on a range of factors. Read through our tips for getting approved on a credit card application.

Susan

26 October 2018

I would like to tranfer credit card debt from my daughters name into mine, this has been jointly used for home purchases. Which banks allow this

Hi Susan, no bank allows this. A balance transfer must be between the same legal person. Therefore only your daughter can balance transfer credit card debt in her name. A long way around could be for you to get a low rate personal loan. Pay out the credit card debt. That way the debt moves over to your name. Then you can look to get a balance transfer. I would suggest waiting around 6 months post the personal loan app. Citi are the only credit card issuer in Australia that will accept non-Citi personal loan debt for a balance transfer.

Stephen Bempong

20 August 2017

Must a person be a customer of your bank? What is the total fee payable on 10k for 2years (monthly repayments)?

21 August 2017

Hi Stephen, you don't need to be a customer to apply. If you made the minimum monthly payments for 2 years, then it would be around $200 a month.

Alex

25 July 2017

Does this only wpply to other credit card debts or personal loans through a bank aswell?

Hi Alex, this is only for transferring up to 3 non-St George group credit card or store card debt. If you want to transfer personal loans then you need to look at a Citi Credit Card balance transfer offer. They are the only provider that accept non-Citi personal loan debt as all or part of the transfer.

Megan

24 May 2017

Hi Roland, This is the card I'm pretty sure I will run with for my balance transfer. I'm wonder whats the best service to use to acquire a credit history report? Does having different address over the past 10 years affect my ability to get credit? Cheers Megan

25 May 2017

Hi Megan, non of the banks provide any guide on how they score credit applications and this is always changing. Therefore there is no way of really knowing what they are looking for. The key things though are income v expenses, assets v liabilities and your credit history. You can always get a a copy of your credit report for free. There is no sense paying for this. http://www.mycreditfile.com.au/products-services/my-credit-file. I don't think moving around will have a massive impact. Best of luck with your application.

rosalind palisi

19 May 2017

would this card have a qantas ff program

22 May 2017

Hi Rosalind, this card comes with no rewards points program. It is BankSAs lowest purchase rate card.

kat

24 November 2016

Hello Roland. I have a few things i'd like to consolidate. One of them is the remaining balance of ready credit loan from Citi and a commonwealth credit card balance. I'd prefer the 0% balance transfer for 18mths and the low purchase rate that BankSA is offering. Will they accept the balance transfer for the ready credit lone?

25 November 2016

Hi Kat, you will not be able to transfer the Citi Ready Credit to any balance transfer offer in Australia. It is a line of credit and this would only be accepted by Citi themselves, if the debt was non-Citi. Therefore your only option on the Ready Credit debt would be to look at a lower rate personal loan (non-Citi) to pay it down. Then you could possibility look to transfer that loan to a Citi balance transfer. On the CBA debt, this is accepted by BankSA, subject to credit approval. Hope this makes sense, hit me up with any further questions.

Diane

23 July 2016

Hi Roland, I am looking to transfer my existing balance from one credit card to another, it is $10500.00. I like the look of this credit card & what it has to offer. I am only looking at paying it off & not to use it for purchases. I like the interest rate & the interest free period. Would this be the more suitable card for me?

25 July 2016

Hi Diane, this card is a great offer and has high credit limits that could accept the amount you are wanting to transfer, subject to credit approval. Your card debt you want to transfer needs to be non-St George Group. Best of luck with your application.

Puneet Kapoor

1 July 2016

Hi there, I am looking to buy a car and need a card to transfer $10000. I have few queries.please assist 1) do i need to have the card before i buy the car ? 2) which card do you suggest to get 18 months and a less interest rate after that. Just in case i need couple of more months to pay. 3) A card on which Balance transfer can applied/ used later as well with new purchases. 4) what do we mean by 1% p.a. on purchases for 12 months? only 1% of the purchased amount will be applied on the year. Say spend $1000 so only $10 will paid as interest over the year? Regards PK

4 July 2016

Hi Puneet, 1) Yes - you would need to have the debt in place before your application to be able to make the transfer 2) Only Citi cards accept personal loan debt as part or all of the transfer. BankSA / St George group do not accept personal loan debt. Therefore I would suggest the Citi Rewards Platinum offer. 3) As long as you have available funds you can use it for purchases as well, though it is not recommended to make purchases on a balance transfer card as you receive no interest free days. 4) On this cards case, you have an intro rate on purchases. The interest still gets charged on the interest so it ends up more than 1% for the year, if you make the purchases straight away. Bottom line is its a great rate on purchases and a great balance transfer offer (for credit and store cards) with a very low standard interest / revert rate.

David

28 June 2016

Hi Roland I have just received an unexpected TAX bill from last year for $20,000 can I transfer this debt to this card

29 June 2016

Hi David, I assume you have paid the tax debt on your current card? A transfer needs to be made at the time of application based on your current, in this case, non-St George group credit or store card debt (up to 3 cards). If so, then yes this Vertigo Platinum offer is a great deal and is possible to accept that kind of transfer subject to credit approval

Karyn

25 June 2016

I transferred my balance to a St George Card which I am currently paying off. Will I be able to apply for another one ?

27 June 2016

Hi Karyn, you could apply for another card with say BankSA but you can only transfer non-St George group debt to this offer. Therefore if you have an e.g. NAB card, that you wish to transfer, then subject to credit approval, you could apply for this offer.

Jo

25 April 2015

Hi Roland, when you paywave with your credit card is this charged at your cash advance rate or purchase rate?

Hi Jo - Paywave is at the purchase rate.

John London

19 August 2014

To whom it may concern, I am looking for a credit card where I can transfer the balance of my ANZ credit card and my personal loan, a total of $32000.00. This is to be paid within 14 month timeframe of the 0% transfer balnce rate. Cheers

20 August 2014

Hi John - for that type of balance, it would be best to go for a more premium card that offers a higher limit. Citibank take personal loan and credit card debt therefore their balance transfer sounds like the way to go. https://www.creditcard.com.au/citibank-rewards-platinum-credit-card/ - this product has a 0% for 24 month currently with a 3% handling fee. Though the 3% fee is a one off and you dont pay any interest on it during the 24 month period. Therefore if you balance transferred 32k - the fee would be $960 - so your total BT would $32960 that you would need to pay off within 24 months. Let me know what you think and best of luck with your application. There are other Citibank offers but this one is probably most suitable based on the amount you want to transfer.

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BankSA Vertigo Platinum Credit Card

The BankSA Vertigo Platinum Credit Card

What we love...

What’s not so great...

Why should you choose this card?

Overall Rating

Rates

Fees

Rewards

Customer Service

Value

100% of users who have rated this card would recommend it

100% of users who have rated this card would recommend it

BankSA Vertigo Platinum Credit Card

Key features

Recently Asked Questions

17 questions (showing the latest 10 Q&As)

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kat

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