Bank of Melbourne Vertigo Platinum Credit Card - Cashback Offer | Finder

Bank of Melbourne Vertigo Platinum – Cashback Offer

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Receive platinum benefits and enjoy $300 cashback 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.

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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Details

Product NameBank of Melbourne Vertigo Platinum - 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 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 applicationYes - Conditions apply

Pros

  • $300 cashback offer
  • Low purchase rate of 12.99% p.a.
  • Complimentary insurance covers including overseas travel and extended warranty for purchases

Cons

  • Does not offer any rewards program for your spending
  • Charges a 3% foreign currency conversion 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
Overseas cash advance fee2% or $2.50, whichever is greater
Additional cardholder fee$0
Number of additional cardholders3

Expert review

Amy Bradney-George

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 features up to 55 days interest-free on purchases and a competitive $99 annual fee. This card also boasts complimentary travel and purchase insurance covers, including overseas medical, extended warranty and a price guarantee.

Its current introductory offer gives you a way to get more value from your spending, with $300 cashback added to your new credit card within 60 days of meeting the eligibility requirements.

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

  • $300 cashback. You'll get $300 back to your new Bank of Melbourne Vertigo Platinum card when you apply by 30 June 2021, are approved and spend $900 on eligible purchases within the first 90 days from card approval. Eligible spending covers most everyday purchases. Transactions that won't count towards this spend requirement include BPAY payments, cash advance transactions, a purchase from or payment to a government or government related agency, balance transfers and account fees and charges. The $300 will be added to your account within 60 days of meeting the offer requirements.
  • 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.

Rates & fees

  • Annual fee. The Bank of Melbourne Vertigo Platinum card charges a standard annual fee of $99 p.a.
  • Purchase rate. This card charges a competitively low variable purchase rate of 12.99% p.a.

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