Bank of Melbourne Vertigo Platinum

Receive platinum benefits and enjoy up to 55 interest-free days on purchases with the Bank of Melbourne Vertigo Platinum.

The Bank of Melbourne Vertigo Platinum credit card offers premium extra features, a low ongoing interest rate of 12.99% p.a. on purchases and up to 55 interest-free days.

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6.99% p.a.

Balance transfer rate

for 12 months

12.99% p.a.

Purchase rate

$99 p.a.

Annual fee

55 days

Interest free period

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Product NameBank of Melbourne Vertigo Platinum
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 rate12.99% p.a.
Annual fee$99
Interest-free periodUp to 55 days on purchases
Cash advance rate21.49% p.a.
Min credit limit$6,000
Max credit limit$80,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • Low interest rate of 12.99% p.a. for purchases
  • Complimentary insurance covers including extended warranty for purchases and overseas travel insurance


  • Does not offer a rewards program
  • Charges a 3% foreign transaction fee
Bonus pointsN/A
Annual fee$99
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
Additional cardholder fee$0
Number of additional cardholders3

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 Platinum card currently features up to 55 days interest-free on purchases. This card also boasts complimentary travel and purchase insurance covers, including overseas medical, extended warranty and a price guarantee.

How to apply

You can apply for the Bank of Melbourne Vertigo Platinum credit card online in 10 minutes and receive a response instantly. Before you get started, check if you meet the eligibility criteria and have the necessary information to complete the application:

Eligibility criteria

  • Age. You must be at least 18 years of age.
  • Residency. In order to apply online, you must be a permanent Australian resident or citizen.

Card benefits

  • Overseas travel insurance. This complimentary insurance includes medical expenses, unexpected trip cancellation and rental vehicle excess for trips of up to six months. It offers cover for you, your spouse and dependent children if you meet the eligibility criteria before you leave, including pre-paying travel costs using your credit card.
  • Purchase cover insurance. This insurance provides four months of cover for the theft, loss or damage of selected new purchases made using the card.

Rates & fees

  • Annual fee. This card charges an annual fee of $99 p.a.
  • Purchase rate. Outside of any introductory rates, this card charges a competitively low variable purchase rate of 12.99% p.a.
  • Cash advances. If you use your card to make a cash advance, such as an ATM withdrawal, you'll be charged the 21.49% p.a. variable cash advance rate. You'll also be charged a fee of 2% or $2.50 (whichever is greater, capped at $150 per transaction).

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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.


    Default Gravatar
    March 5, 2018

    I had cancer was made permanently disabled. Was paid out a lump sum through insurance and also had income protection till 65. My question is when it comes to employment I do get an income but I am not working, when applying for a credit card or a loan I am asked if I am employed and I cannot answer it or the person behind the counter decides that I am unemployed so I usually get knocked back? This does not seem right? I was working until cancer and I do get an income??

      Avatarfinder Customer Care
      March 6, 2018

      Hi James,

      Thanks for your inquiry.

      When it comes to credit card applications, it is imperative to check whether your source of income will be considered by the bank or not. Usually, income from an insurance claim is not considered as your “income” or “salary”. So when you’re only receiving income protection, I’m afraid that may not qualify as a source of income. For banks, a source of income would basically come from your stable (active) job/employment.

      Check out some good tips on how credit card issuers review your application and what makes your application go through. Hope this can help.


    Default Gravatar
    September 10, 2017

    We are just about to travel to New Zealand in November/December 2017 and we are looking to hire a car while we are there. If I pay for the hire of the car with my bank of melbourne vertigo visa does that cover for the car insurance and give me a nil excess

      Avatarfinder Customer Care
      September 11, 2017

      Hi Leonie,

      Thank you for your inquiry.

      Regarding insurance cover, you may need to check further information through BOM complimentary insurance terms and conditions.

      I hope this information has helped.


    Default Gravatar
    August 7, 2017

    I know you can’t do balance transfer between the same banks (or If they fall under the same card issuer). I want to transfer my credit card debt from Westpac to this credit card, would that be accepted?

      Avatarfinder Customer Care
      August 7, 2017

      Hi Lisa,

      Thank you for your enquiry,

      Balance transfer requests to Bank of Melbourne Vertigo Platinum will not be accepted from another Bank of Melbourne, St.George, BankSA or Westpac credit card, or if the transfer amount is from a credit card not issued in Australia.

      Please check out our guide on balance transfer criteria to know more about the banks or card issuers that you can balance transfer to.

      You may also check out a comparison of balance transfer credit cards for your balance transfer options.

      I hope this helps.

      Kind regards,

    Default Gravatar
    September 3, 2016

    i am currently working as a casual for 3 months, but i was redundant from my full-time job last oct after working 7and half years. I am been working as casual from that time couple of jobs. whether i can get this card or i have to wait till i become full-time.

      Avatarfinder Customer Care
      September 19, 2016

      Hi Sam, thanks for your inquiry!

      If you meet the minimum income requirement and the application criteria for this card then you will be eligible to apply.



    Default Gravatar
    August 25, 2016


    I an looking to get a new 0% Bank of Melbourne Vertigo Platinum Card for Balance Transfer to clear my Wife’s CBA credit card.

    Do we need to get a card in our joint names for balance transfer or can 1 take a new Bank of Melbourne Vertigo Platinum card in my name and balance transfer to my wife’s CBA credit card


      Avatarfinder Customer Care
      August 28, 2016

      Hi Ross,

      Thank you for your question.

      Getting a new balance transfer credit card under a joint or an individual account actually, depends on who should be responsible for paying the balance of your credit card. When you get the card jointly, you both agree that you and your partner would share the legal responsibility for the account and any balance that you transfer onto it. If you will apply for the credit card alone, that means you will all take the responsibility of paying off the balance.

      Fortunately, there are credit cards in the market that accept a joint application, which you can find on our guide about joint account credit cards. Aside from that, other institutions also accept balance transfers for a partner’s debt. You can learn more by reading our guide about transferring balance with joint cardholders.

      Though please keep in mind, whatever your decision, make sure that you read the criteria and requirements before you apply for the credit card.

      I hope this has helped.


      Default Gravatar
      August 29, 2016

      Hi May,

      Thank you for your reply.

      So as I understand from the link you sent that Bank of Melbourne allows balance transfer between two peoples name.

      So I could effectively take a 0% Bank of Melbourne Card and Balance transfer to my wife’s CBA card.

      Is this correct??

      Avatarfinder Customer Care
      August 29, 2016

      Hi Ross,

      Thank you for your inquiry.

      Yes, you can apply for the Bank of Melbourne Vertigo Platinum and request for a BT from your wife’s CBA card, so long that you meet the requirements/criteria of the card. With this card, you’re allowed to transfer an amount that does not exceed 95% of your approved credit limit.


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