Bank of Melbourne Vertigo – Purchase Offer

Offers 0% interest on purchases for 18 months and no annual fee in the first year, plus other basic credit card features.

The Bank of Melbourne Vertigo is suited to people who want to keep their card costs down and don’t want a lot of fancy features. When you apply by 24 February 2022, you can save with 0% interest on purchases for the first 18 months and a $0 annual fee in the first year (normally $55). At the end of the introductory period, the interest rate for purchases goes to 13.99% p.a., which is competitive with other low rate cards.

0% p.a.

Purchase rate

for the first 18 months (reverts to 13.99% p.a.)

$0 p.a.

Annual fee

for the first year ($55 p.a. thereafter)

55 days

Interest free period

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Product NameBank of Melbourne Vertigo Card - Purchase Offer
Balance transfer limit80% of available limit
Purchase rate0% p.a. for 18 months, reverts to 13.99% 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 applicationNo


  • 0% p.a. interest for 18 months on purchases
  • $0 annual fee for the first year
  • Request an additional cardholder at no extra cost


  • 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 fee3%
Overseas cash advance fee2%
Additional cardholder fee$0
Number of additional cardholders1

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 way to save on your upcoming shopping, with a 0% interest rate on purchases for the first 18 months. This gives you over a year to shop interest-free, but keep in mind that you’ll still need to make repayments during this time (the details will be shown on your monthly account statements). After the introductory period, this the purchase rate reverts to 13.99% p.a. which is 5.95 percentage points lower than the average standard credit card interest rate according to the RBA.

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 0% purchase rate offer is only available when you apply for the Bank of Melbourne Vertigo credit card as a new cardholder before 24 February 2022.
  • Residency. To apply online, you must be an Australian citizen or permanent resident.

Card benefits

  • Purchase rate offer. You’ll get a 0% p.a. interest rate for 18 months on new purchases if you apply for this card by 24 February 2022. A variable rate of 13.99% p.a. is charged once the introductory period ends.
  • $0 first-year annual fee. If you apply and get approved for a Bank of Melbourne Vertigo Classic card by 24 February 2022, 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.
  • Cash advance costs. If you make a cash advance transaction on the Bank of Melbourne Vertigo credit card, you will be charged the variable cash interest rate of 21.49% p.a. This rate will be effective from the date the transaction occurs. Cash advances also attract a fee of 3% of each cash advance amount.

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