Bank of Melbourne Vertigo

Get an introductory 0% interest rate on balance transfers for 28 months, with no balance transfer fee.

The Bank of Melbourne Vertigo is designed to help keep your credit card costs down, with a competitive 13.99% p.a. interest rate on purchases. It also has a 0% p.a. balance transfer offer for 28 months (with no balance transfer fee) when you apply and get approved by 28 September 2021.

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0% p.a.

Balance transfer rate

for 28 months

13.99% p.a.

Purchase rate

$55 p.a.

Annual fee

55 days

Interest free period

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Product NameBank of Melbourne Vertigo Classic
Balance transfer rate0% p.a. for 28 months
Balance transfer revert rateCash Advance Rate (21.49% p.a.)
Balance transfer limit80% of available limit
Purchase rate13.99% p.a.
Annual fee$55
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


  • 0% p.a. for 28 months on balance transfers with no BT fee
  • Competitive purchase interest rate of 13.99% p.a.
  • Request an additional cardholder at no extra cost


  • Balance transfer rate reverts to 21.49% p.a. at the end of the promotional period
  • No rewards program
  • No additional perks like insurance covers or travel benefits
Bonus pointsN/A
Annual fee$55
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

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 existing debt with a 0% p.a. interest rate on balance transfers for 28 months. This card has a low purchase interest rate and a relatively competitive annual fee which can help you keep your card costs down. The other ongoing features on this card include contactless payments at the checkout and 24/7 fraud monitoring – so it’s most suited to people who want straightforward, low-cost access to credit.

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

  • Eligible balance transfer. If you're planning to take advantage of the balance transfer offer, note that you can transfer debt from Australian credit cards not issued by Bank of Melbourne, St.George or BankSA. You can transfer from $200 up to 80% of your credit limit.
  • Residency. To apply online, you must be an Australian citizen or permanent resident.

Card benefits

  • Balance transfer offer. Apply by 28 September 2021 and get a balance transfer rate of 0% p.a. for 28 months (with no balance transfer fee). This reverts to the variable cash advance rate of 21.49% p.a. at the end of the introductory period. Interest-free days do not apply while you carry a balance transfer debt.
  • Interest-free days. When you pay your monthly payment balance in full, which excludes current balance transfers, listed on your statement by the payment due date, you will receive up to 55 days interest-free on new purchases. Note that interest-free days are separate from any longer-term interest rate promotions.

Rates & fees

  • Annual fee. 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 2% or $2.50 (whichever is greater, capped at $150 per transaction).

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    Default Gravatar
    March 1, 2017

    I’m looking to see if you still have this offer, as I want to do a balance transfer?

    The Bank of Melbourne Vertigo Visa does offer 0% p.a. for 18 months on balance transfers and 0% p.a. for 6 months (reverts to 13.24% p.a.) on purchases. You can enjoy these benefits at the same time or is there a better offer?

    Many Thanks


      Avatarfinder Customer Care
      March 3, 2017

      Hi Dina,

      Thanks for your question.

      I’m afraid that the current and available offer for the Bank of Melbourne Vertigo Visa Credit Card is only 0% p.a. interest on BT for 12 months and 0% p.a. interest on purchases for 6 months. We have also listed other credit cards that offer 0% interest on BT and purchases.

      Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.


    Default Gravatar
    January 31, 2017

    Hi There,

    Does this card allow promotional rates on both balance transfers AND purchases at the same time?

    Ie – I apply for this card, am accepted, but then also want to transfer a balance from another card to this one, will I still receive the promotional rates for both purchases and transfers?

    Or is it only one at a time?

    Many thanks

      Avatarfinder Customer Care
      January 31, 2017

      Hi Ty,

      Thanks for your question.

      The Bank of Melbourne Vertigo Visa does offer 0% p.a. for 18 months on balance transfers and 0% p.a. for 6 months (reverts to 13.24% p.a.) on purchases. You can enjoy these benefits at the same time.

      To receive the balance transfer offer, you must request for it during the application process. Even with outstanding balance transfer, you can still enjoy the purchase rate offer.


    Default Gravatar
    October 31, 2016

    I’m trying to apply for a balance transfer cc on line but it keeps saying my amount to transfer ($4500) is greater than 95% of my credit limit ($30000). My maths seems to give a different answer!
    Please help.

      Avatarfinder Customer Care
      October 31, 2016

      Hi Barbara,

      Thanks for your question.

      Please note that the amount that you can transfer to your Bank of Melbourne Vertigo Visa is up to 95% of your approved and available credit limit. If you have further questions about your balance transfer request, you may have to directly get in touch with Bank of Melbourne on 13 22 66.


    Default Gravatar
    October 17, 2016

    What would my interest rate be on remaining transferred balance at the end of the interest free period?

      Avatarfinder Customer Care
      October 22, 2016

      Hi Pamela,

      Thanks for your question.

      A standard purchase rate of 13.24% p.a. will apply after the promotional period ends.


    Default Gravatar
    June 13, 2016

    Hi! Can you balance transfer personal loan balances on to the credit card?

      Avatarfinder Customer Care
      June 13, 2016

      Hi PC,

      Thanks for your question.

      Unfortunately, you can’t transfer your personal loan to a Bank of Melbourne Vertigo Visa, but Citi and Virgin credit cards allow this.

      I hope this helps.


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