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Bank of Melbourne Vertigo Credit Card- Cashback Offer
Bank of Melbourne Vertigo Credit Card- Cashback Offer

Bank of Melbourne Credit Cards

Bank of Melbourne Vertigo Credit Card- Cashback Offer

Updated 19 July 2021

Get $300 cashback to your account when you open a new Vertigo credit card by 30 November 2021 and spend $4,000 or more on eligible purchases within 120 days from card approval. Save $55 with $0 annual card fee in the first year, low ongoing purchase rate of 13.99% p.a. plus, up to 55 days interest free on purchases.

T&Cs apply. Offer ends 30 November 2021

Purchase Rate (p.a)

13.99%

Balance Transfer (p.a)

6.99% for 12 months No balance transfer fee.
Reverts to 21.49% p.a.

Annual Fee (p.a)

$0 first year. Then $55 p.a.

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • $300 cashback when you spend $4,000 or more on eligible purchases within 120 days from card approval
  • $0 annual card fee in the first year; $55 thereafter
  • Lowest BOM purchase rate of 13.99% p.a.
  • Up to 55 days interest free on purchases
  • Additional cardholder at no extra cost
  • Eligible with Apple Pay, Google Pay and Samsung Pay

  • Balance transfers reverts to a high cash advance rate of 21.49% p.a.

Creditcard.com.au review

Editor Review

Bank of Melbourne Vertigo Credit Card- Cashback Offer

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Bank of Melbourne Vertigo Credit Card

While the Bank of Melbourne Vertigo Credit Card may not be jam-packed with prestige features, it does offer an enticing $300 cashback with the added bonus of having a low purchase rate and no annual card fee in the first year.

Intrigued? Read on to find out all the need-to-know on this card, so you can work out whether this everyday low rate card is right for you.

What we love...

This card comes with a pretty awesome $300 cashback when you spend $4,000 or more on eligible purchases within 120 days from card approval. Only one cashback will be paid per customer. The $300 cashback will be paid as a statement credit to your Vertigo credit card account within 60 days of meeting the minimum spend criteria. Existing St George, Bank of Melbourne or Bank SA customers who currently hold a Vertigo credit card, or who have held one in the last 12 months, are not eligible for this offer.

Aside from the cashback offer though, there is plenty more to love about this card.

Designed to provide all the great features of the classic Vertigo card, the Bank of Melbourne Vertigo Credit Card can also help you keep costs down. This card offers a $0 annual card fee in the first year, saving you $55 as well as Bank of Melbourne’s lowest variable purchase rate.

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. On balance transfers requested at card application, you get 6.99% p.a. for 12 months. The rate then switches to variable cash advance rate. 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.

If you think the 12-month balance transfer introductory period is not enough to help you pay off your existing credit card balances, you can opt to take advantage of Bank of Melbourne Vertigo Credit Card's longer 30-month 0% p.a. balance transfer offer.

It's worth noting that you may not be able to transfer an existing balance from a St.George, BankSA, or Westpac credit card, and keep in mind that any balance left unpaid after the intro period ends will revert to the higher cash advance rate.

Why should you choose this card?

If you want a credit card with a convenient cashback and $0 annual card fee offer but one that you won’t 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 a free additional cardholder.

Overall Rating

A low rate everyday card with an enticing set of features and $300 cashback plus $0 annual card fee offer in the first year.

User reviews

Bank of Melbourne Vertigo Credit Card- Cashback Offer ( based on 5 Creditcard.com.au user reviews )

79% rating based on 5 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 13.99% p.a.

Cash advance rate 21.49% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 6.99% p.a. for 12 months

Balance transfer revert rate 21.49% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

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 limit $500

Maximum credit limit N/A

Fees & repayments

Annual fee $55 p.a.

Additional cardholder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2% or $10, whichever is greater

Annual fee the first year $0

Cash advance fee 2% or $2.50, whichever is greater

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

$300 cashback when you meet minimum spend

Eligible with Apple Pay, Google Pay and Samsung Pay

Overview

Bank of Melbourne Vertigo Credit Card- Cashback Offer

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

  • $300 cashback when you spend $4,000 or more on eligible purchases within 120 days from card approval. New cards only, Eligibility criteria and T&Cs apply.
  • $0 annual card fee in the first year; $55 thereafter.
  • Lowest BOM purchase rate of 13.99% p.a.
  • Up to 55 days interest-free on purchases
  • Additional cardholder at no extra cost
  • 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. Temporary residents are eligible

  • You have your personal details ready to complete the online application

Roland B Bleyer

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.

69 questions (showing the latest 10 Q&As)

MARIE LAI CHEW WONG

MARIE LAI CHEW WONG

1 May 2021
WHAT CAN I USE THE $300 CASH BACK ON SEEING THIS IS NOT A REWARD CARD ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 May 2021
    Hi there and thanks for your question. You can use the $300 at your discretion. The $300 cashback will be paid to you as a statement credit account within 60 days of hitting the minimum spend criteria. Hope this has helped.
B Soetanto

B Soetanto

13 March 2021
Hi Guys, Previously I got St George Amplify Platinum which was closed around 3 months ago. If I get an approval of Vertigo Platinum, can I get the $300 cashback ? Seem to me, the fine print of the condition is saying not available for ex customer of Vertigo Credit Card only? I am not sure. Thanks to clarify. Cheers,
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 March 2021
    Hi B, you are correct the Vertigo Platinum cashback offer is available for new Vertigo customers only. Existing customers who currently hold a Vertigo Platinum card, or who have held one in the last 12 months, are not eligible for this offer. So holding / having held an Amplify card should not disqualify you from the offer. If you want to double check, it doesn't hurt to give them a call before applying. I hope that helps.
Vin

Vin

12 February 2020
Would like to know if there are any balance transfer cards that would allow me to transfer 80% of my credit card limit to my bank account
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 February 2020
    Hi Vin, no you cannot balance transfer out to cash so to speak. You need to be transferring debt. If you have debt that can be paid via bpay. Then its likely that this Virgin Flyer offer could work. They do have a cheque to self ability on the balance transfer.
michelle

michelle

10 September 2019
hi, I am interested in the balance transfer, do you only take on 80% of my credit card transfer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 September 2019
    Hi Michelle, its a bit confusing. When the bank is talking about 80%. This is off your new cards credit limit. Nothing to do with your old card. So if you get approved for a 10k limit with the Bank of Melbourne Vertigo Platinum. Then you can transfer up to 8k to the card. You could still transfer 100% of your debt. As long as it is up to or below 80% of your new assigned credit limit.
Sonia

Sonia

18 June 2019
Can i balance a transfer over into a card in my name from a CC with my husband as primary card holder?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 June 2019
    Hi Sonia, a balance transfer must be between the same legal person. Therefore you cannot balance transfer your debt over to your husbands balance transfer. A longer option could be for your husband to get a low rate personal loan (non-Citi). Use this to pay out your credit card debt. Effectively taking over your credit card debt. Then he could look to balance transfer that loan debt. Citi are the only issuer in Australia that will accept non-Citi loan debt. This then could be an option - https://www.creditcard.com.au/citibank-rewards-platinum-credit-card/
Denise

Denise

24 February 2019
I currently have a 10k visa can I transfer 9k into a 15k credit card with you at the 0%BT fee ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 February 2019
    Hi Denise, that is possible as long as your current credit card debt is not with St George group (BOM, BankSA, St George). Though there is a BT of 2% with this card that gets added onto the balance transfer amount. You still have 26 months to pay off the debt at 0%. Have a look at the HSBC Platinum. It has 0% for 22 months with no balance transfer fee.
brent

brent

28 August 2018
best travel credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 August 2018
    Hi Brent, my favourite is the ANZ Rewards Travel Adventure credit card. Sign up bonus points available. Free return flight e.g. Sydney to Perth each year. No foreign conversions fees. No cash advance fees when using an overseas ATM. Earns points on your spend. Overseas travel insurance plus 2 lounge passes. A travellers best friend. No annual fee, the 28 Degrees can work no special features but no foreign fees.
Jamal

Jamal

20 June 2018
Hi, can you please tell what does that mean. 0% p.a. for 24 months on balance transfers requested at card application. Variable cash advance rate applies after the promotional period.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 June 2018
    Hi Jamal, you can move any of your current credit card debt to this offer. You can transfer debt from up to 3 non-St George group issued credit or store cards. This is only available at the time of application. During the application process you will put in the details on the cards you wish to transfer. Any successful amount you transfer will attract 0% interest for the first 24 months. Any unpaid amount of the balance transfer at the end of this intro period. Will revert to the cash advance rate which is over 20%. With a balance transfer you should plan to pay the debt off during the intro period to avoid interest.
Murray

Murray

4 June 2018
does the travel insurance cover national travel
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 June 2018
    Hi Murray, this insurance is only for overseas travel. This card does not come with domestic travel insurance.

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