Bank of Melbourne Vertigo Card – Cashback Offer

This low rate card offers $300 cashback and a $0 annual fee for the first year, with a $55 annual fee after that.

The Bank of Melbourne Vertigo is a no-frills credit card with a competitive interest rate of 13.99% p.a. for purchases and interest-free days if you pay your balance off in full by the due date on each statement.

No reviews yet. Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameBank of Melbourne Vertigo Card - Cashback Offer
Balance transfer rate6.99% p.a. for 12 months
Balance transfer revert rateCash Advance Rate (21.49% p.a.)
Balance transfer limit80% of available limit
Purchase rate13.99% p.a.
Annual fee$0 annual fee for the first year ($55 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate21.49% p.a.
Min credit limit$500
Max credit limit$80,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationYes - Conditions apply


  • $300 cashback
  • $0 annual fee for the first year ($55 p.a. thereafter)
  • Free additional cardholder


  • No rewards program
  • No additional perks like insurance covers or travel benefits
Bonus pointsN/A
Annual fee$0 annual fee for the first year ($55 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee2% or $2.50, whichever is greater
Overseas cash advance fee2% or $2.50, whichever is greater
Additional cardholder fee$0
Number of additional cardholders1

How to apply

You can apply for the Bank of Melbourne Vertigo credit card online in around 10 minutes. Get started by checking that you meet the eligibility criteria and have all the documents and details you need to complete the application.

Eligibility criteria

  • New cardholder. The cashback offer is only available when you apply for the Bank of Melbourne Vertigo credit card as a new cardholder before 30 November 2021.
  • Residency. To apply online, you must be an Australian citizen or permanent resident.

Card benefits

  • $300 cashback. You'll get a $300 cashback when you spend $4,000 or more on eligible purchases within the first 120 days from card approval. Eligible spending covers most everyday spending. Transactions that won't count towards the spend requirement include account fees and charges, cash advance transactions, gambling transactions, balance transfers and purchases from or payment to a government or government related agency. The $300 cashback will be credited to your account within 60 days of meeting the spend requirement.
  • $0 first-year annual fee. If you apply and get approved for a Bank of Melbourne Vertigo Classic card by 30 November 2021, you'll get a $0 annual fee for the first year. After the first year, a $55 annual fee applies.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a $55 annual fee.
  • Credit limit. This card has a minimum credit limit of $500.

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Bank of Melbourne Vertigo credit card gives you a mix of low-cost features without the bells and whistles offered by some other cards. For starters, you’ll save with a $0 annual fee when you first get it. A $55 annual fee kicks in after the first year, which is still competitive with other credit cards in this category.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site