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Avoid interest with 0% p.a. on balance transfers for 14 months and $0 first year annual fee with the BankSA Vertigo Visa Credit Card.
If you live in South Australia or the Northern Territory and want a competitive credit card that offers peace of mind when it comes to your repayments, the BankSA Vertigo Visa could work for you. It can let you save by offering a low annual fee and a generous purchase rate.
| Product Name | BankSA Vertigo Visa |
|---|---|
| Balance transfer rate (p.a.) | 0% p.a. for 14 months |
| Purchase rate (p.a.) | 13.24% p.a. |
| Offer end date | 20 September 2017 |
| Annual fee | $0 p.a. annual fee for the first year ($55 p.a. thereafter) |
| Interest Free Period The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement. | Up to 55 days on purchases |
| Cash advance rate (p.a.) | 21.49% p.a. |
| Min credit limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $500 |
| Max credit limit This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account. | $40,000 |
| Minimum Monthly Repayment | 2% or $10, whichever is the greater |
| Card Type | Visa |
| Late Payment Fee | $15 |
| Foreign Currency Conversion Fee (VISA) Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution. | 3% of transaction value |
| Complimentary Travel Insurance | No |
| Available To Temporary Residents | No |
| Joint Application | Yes |
| Minimum Age | 18 years of age |
|---|---|
| Available to Temporary Residents | No |
| Credit Rating Requirement Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here. | Good |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $500 |
| Max Credit Limit This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account. | $40,000 |
| Annual Fee | $0 p.a. annual fee for the first year ($55 p.a. thereafter) |
|---|---|
| Minimum Repayment | 2% or $10, whichever is the greater |
| Late Payment Fee | $15 |
| Over Limit Fee | $0 |
| Cash Advance Fee | 2% of the transaction or $2.50, whichever is higher |
| Overseas Cash Advance Fee | 2% of the transaction or $2.50, whichever is higher |
| Overseas Emergency Replacement | $52.50 |
| Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal Fee | $5 |
| Foreign Currency Conversion Fee (VISA) Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution. | 3% of transaction value |
| Gambling Transactions Allowed | No |
| Additional Cardholder Fee | $0 p.a. |
| Number of Additional Cardholders | 1 |
| BPAY | Yes |
| Cheque | Yes |
| Direct Debit | Yes |
| Australia Post | Yes |
| Phone Banking | Yes |
| Internet Banking Transfers | Yes |
| In Branch | Yes |
| Yes |
Pros
- A balance transfer rate of just 0% p.a. for 14 months is a great tool for cutting back on excessive interest repayments.
- Enjoy an annual fee waiver in the first year.
- This card comes with a low ongoing variable purchase rate of 13.24% p.a. which is among the cards with the lowest rates in the market).
- You can have one additional cardholder at no extra cost.
- Secure shopping and fraud monitoring
Cons
- This is a classic 'no-frills' credit card with no additional features, perks or rewards.
- Fees apply for requesting a statement copy.
BankSA Vertigo Visa review
The basic interest rate for this card is 13.24% p.a. At a considerable standard annual fee of $55, the interest-free period of 55 days is also selling point of the card. There is also a system of linked access to other BankSA accounts and a discount incentive system with other BankSA products.
Benefits of BankSA Vertigo Visa
- Balance transfer offer. When you transfer an existing credit card debt from a non-BankSA credit card onto the BankSA Vertigo Visa, you get a rate of 0% p.a. for 14 months. This offer will end on 20 September 2017.
- Annual fee offer. If you apply by 20 September 2017, you can take advantage of $0 annual fee in the first year. This will revert to a standard annual fee of $55 thereafter.
- Up to 55 interest-free days on purchases. Provided you pay off your balance in full every month including any balance transfer amount, you will become eligible to enjoy up to 55 interest-free days on purchases.
- Low interest rate. This card comes with a low variable interest rate of 13.24% p.a. on purchases.
- Interest-free spending periods. You will be given a 55-day grace period to pay back your purchases when you use the Vertigo Visa offered by BankSA, if you have paid back your balance in full. This gives you some time to pay off the balance and still make the purchases you may need right away.
Features of BankSA Vertigo Visa
The BankSA Vertigo Visa could be the ideal credit card for someone who loves shopping with a low rate on purchases.
- Credit card security. BankSA allows you to shop online with confidence - the Vertigo Visa uses the Visa SecureCode System. This gives you peace of mind knowing that any purchases you make on the internet are save and secure. You'll be protected with a zero liability policy. So if you can prove that the transaction was fraudulent, you'll be fully reimbursed. You'll also be protected by 24/7 Falcon® Fraud service that will detect any unusual activity on your account.
- Linked access. The BankSA Vertigo Visa is linked to your other BankSA accounts for the ease of one card banking.
- Annual fee. The BankSA Vertigo Visa attracts an annual fee of $55. This covers the cardholder's card and 1 additional card as well.
- Cash advances. If you need to make a cash withdrawal because something unexpected has come up, you can at 21.49% p.a. However, it may be best to save this feature for when you really need to use it.
How to apply for the BankSA Vertigo Visa
If you think BankSA Vertigo Visa suits you, you can apply for it today by completing the secure online application. To save time, please ensure that you meet the following eligibility requirements.
Eligibility criteria
- 18 years old and above
- Australian permanent resident
Required documents
- Drivers license
- Details of your income and employment
- Financial commitments, debts or assets
What happens next?
- The application takes about ten minutes to complete.
- Make a note of your application reference number.
- You should have a response from BankSA within a few minutes of submitting your application.
- Check your email or information about what’s next.
Frequently asked questions
How much can I transfer to this BankSA credit card?
BankSA let you use up to for a balance transfer.
How much do I have to pay every month?
You need to pay a small percentage of your outstanding balance by the due date. This payment is put towards any interest charges (if applicable) and the principal debt. More information is on your credit card statement.
Upon transfer of cc balance, will Bank of SA close my other cc account from another provider? Thanks.
Hi Jo!
You need to contact the other provider if you wish to close it as it does not happen automatically.
Hope this helps.
Cheers,
Jonathan
Is this offer only available to SA and NT residents or is it available to all Australian residents?
Hi Tom!
Thanks for your inquiry.
Please be informed that this offer is not limited to NT or SA residents only. Kindly review the eligibility requirements and if you’re fine with them, you can click “Go to Site” green button to proceed with your application.
Hope this clarifies.
Cheers,
Jonathan
Can I transfer a balance from Virgin money and St.George to Bank of South Aust.
Hi Gwenda,
Thanks for your question.
Unfortunately, a balance transfer from a St. George credit card to any BankSA credit card is not allowed. However, you can request a BT from your Virgin Money credit card to BankSA Vertigo Visa so long that you meet the eligibility criteria and requirements of the BankSA credit card. Also when conducting a balance transfer, it’s best to remember these two conditions:
1. You can’t transfer a balance to a credit card that is also underwritten by the same institution – for your guide please refer to this page.
2. The total amount you can transfer should not exceed the credit limit you’re approved for the new card.
Hope this has helped.
Cheers,
May
could i get 20,000 to 30,000 limit instantly after i apply through here?
if i am an professional with income of $80,000 to $90,000?
Hi Jay,
Thanks for your question.
Please note that finder.com.au is a financial information service that helps consumers make better decisions. We are not BankSA. As such, we are unable to know for sure if you will be able to get your desired credit limit or not.
Ultimately, your credit card limit with BankSA will depend on their general assessment of your financial condition.
Cheers,
Anndy
Can I transfer St George account over to Bank SA
Hi Marius,
Thank you for your inquiry.
Unfortunately, the balance transfers are not possible between credit, charge and store cards issued by St.George, Bank of Melbourne and BankSA. You may find more information on which banks you can transfer a balance to and from on this page.
Hope this helps.
Cheers,
May
I applied for a credit card 5 business days ago and the email said they would action my documents within 72hours (3 business days) and then I got another email with the same application number on it from a different bank ?? and it said it would action it within 96 hours (4 business days). I haven’t heard anything at all for 5 business days. How do I know if it’s been approved or not?
Hi Tracy,
Thanks for your question.
Should you wish to track the status of your application, it would be best to speak with a BankSA customer service representative for direct assistance.
I’ve emailed you the relevant contact details for your convenience.
I hope this helps.
Cheers,
Ysa
I am expecting to apply for a balance transfer with BankSA. I do not understand what means by “0.99% p.a. for up to 4 months on purchases from card approval” in BankSA terms. So this mean by 0.99% is charged on balance transfer amount?
Hi Lesly, thanks for your question.
With BankSA Vertigo Visa, once your application for this card is approved and you activate it, you will have 4 months (from the time of activation/approval) to enjoy using the card on purchases by incurring a competitive rate of 0.99% p.a. on all your purchases. After 4 months, your card will revert back to charging you 13.24% p.a. on purchases you make.
As for the balance transfer, you will have 18 months to benefit the 0% interest to pay down your balance. After 18 months, any remaining balance on your card will incur 13.24% p.a.
I hope this clarifies your confusion.
Cheers,
May
Hi, My current credit card is almost at the end of it’s interest free period. I want to balance transfer to another Interest free card, but I also want to combine my partners card and pay out the 2 at once. I just wanted to know If i can do a 0% balance transfer using a card in my name and also a card in someone else’s name (my partners)?
Hi Amy,
Thanks for your comment.
Yes, there are banks that allow you and your partner to apply for a joint credit card account and transfer your individual credit card debt to the new card. You can check this page to know which bank allows for such type of balance transfer. Once you have identified the bank, you can then check the comparison table on the same page and choose a suitable credit card for your needs.
I hope this helps.
Cheers,
Anndy
I receive and allocated pension of $1700 per month and work on a temp basis, looking for permanent work.
I have a current credit card, but would like to change to the Vertigo. I am 60 years of age and have CC debt of approx $2300 and own my own home. Would I be eligible for this card.
Hi Helen,
Thanks for your question.
Unfortunately these type of applications are handled on a case by case basis. I’d recommend that you get in touch with BankSA directly to discuss your options and eligibility.
Best of luck!
Shirley
Have a David Jones American Express card with debt of around $16,000 but interest rate 21%. Will reduce the debt by $10,000 in the next month from my Peoples Choice Account balance $45,000 but need the balance for a “rainy day
Looking to have a card with a limit of say $8,000 and transfer the around $6000 American Express balance for interest relief. Would expect to pay it off in 12 months.
Your conditions appeal and also a SA Bank.
I have some shares and Super which i will not draw on.
Thanks.
Hi Maxine,
Thanks for your question.
To be eligible for this card you must be 18 years or older, and also a permanent Australian resident. You’ll also need to provide details of your weekly income, assets and investment, as well as any debts or liabilities. You can also BT 95% of the available credit limit your new BankSA credit card.
You’ll be subject to BankSA’s lending criteria, but approval cannot be guaranteed.
Cheers
Shirley
Thanks Shirley,
Will send application tomorrow with copy of lease agreements. Bank Statement and any other required documents/forms.
Maxine