BankSA Vertigo Platinum Credit Card

Question 1

KEITH

6 November 2019

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

Question 2

Roland

Answer

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/

Question 3

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..?

Question 4

Roland

Answer

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.

Question 5

Shana cox

14 May 2019

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

Question 6

Roland

Answer

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

Question 7

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

Question 8

Roland

Answer

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.

Question 9

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

Question 10

Roland

Answer

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.

Question 11

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

Question 12

Roland

Answer

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.

Question 13

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)?

Question 14

Roland

Answer

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.

Question 15

Alex

25 July 2017

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

Question 16

Roland

Answer

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.

Question 17

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

Question 18

Roland

Answer

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.

Question 19

rosalind palisi

19 May 2017

would this card have a qantas ff program

Question 20

Roland

Answer

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

Question 21

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?

Question 22

Roland

Answer

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.

Question 23

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?

Question 24

Roland

Answer

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.

Question 25

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

Question 26

Roland

Answer

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.

Question 27

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

Question 28

Roland

Answer

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

Question 29

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 ?

Question 30

Roland

Answer

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.

Question 31

Jo

25 April 2015

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

Question 32

Roland

Answer

Hi Jo - Paywave is at the purchase rate.

Question 33

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

Question 34

Roland

Answer

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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