BankSA Vertigo Visa – Details and Application

Information verified correct on December 5th, 2016
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Avoid interest with on balance transfers for 18 months and 1% p.a. for 12 months on purchases 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 NameBankSA Vertigo Visa
Balance transfer rate (p.a.)0% p.a. for 18 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (13.24% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)1% p.a. for 12 months (reverts to 13.24% p.a.)
Offer end date4 January 2017
Annual fee$55 p.a.
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
Minimum Monthly Repayment2% of the closing balance outstanding or $10, whichever is the g
Card TypeVisa
Late Payment Fee$9
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 InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationYes
Minimum Age18 years of age
Available to Temporary ResidentsNo
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
Annual Fee$55 p.a.
Minimum Repayment2% of the closing balance outstanding or $10, whichever is the g
Late Payment Fee$9
Over Limit Fee$9
Cash Advance Fee2% of each cash advance amount, a minimum of $2.50
Overseas Cash Advance Fee2% of each cash advance amount, a minimum of $2.50
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 AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • A balance transfer rate of just 0% p.a. for 18 months is a great tool for cutting back on excessive interest repayments.
  • This also comes with a purchase offer of 1% p.a. for 12 months (reverts to variable purchase rate of 13.24% p.a. which is among the cards with the lowest rates in the market).
  • You can add an 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 is 13.24% p.a. At a considerable $55 annual fee, 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 Using 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 18 months.
  • Purchase rate offer. BankSA Vertigo Visa comes with an introductory interest rate of 1% for 12 months on purchases if you apply by 4 January 2017.
  • 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.

BankSA Vertigo Visa features

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 95% 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.

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25 Responses to BankSA Vertigo Visa – Details and Application

  1. Default Gravatar
    | November 21, 2016

    Can I transfer a balance from Virgin money and St.George to Bank of South Aust.

    • Staff
      May | November 21, 2016

      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

  2. Default Gravatar
    Jay | November 2, 2016

    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?

    • Staff
      Anndy | November 2, 2016

      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

  3. Default Gravatar
    marius | October 11, 2016

    Can I transfer St George account over to Bank SA

    • Staff
      May | October 11, 2016

      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

  4. Default Gravatar
    Tracy | June 12, 2016

    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?

    • Staff
      Ysa | June 15, 2016

      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

  5. Default Gravatar
    Lesly | May 25, 2016

    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?

    • Staff
      May | May 26, 2016

      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

  6. Default Gravatar
    Amy | May 14, 2016

    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)?

    • Staff
      Anndy | May 16, 2016

      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

  7. Default Gravatar
    Helen | September 17, 2014

    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.

    • Staff
      Shirley | September 17, 2014

      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

  8. Default Gravatar
    maxine | June 30, 2014

    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.

    • Staff
      Shirley | July 1, 2014

      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

    • Default Gravatar
      | July 1, 2014

      Thanks Shirley,

      Will send application tomorrow with copy of lease agreements. Bank Statement and any other required documents/forms.

      Maxine

  9. Default Gravatar
    Garry | October 28, 2012

    Hi guy’s mine is any easy one, i just applied for one of your cards. I would like to get the phone to contact someone about this as I did not write it down. thank you

    • Staff
      Jacob | October 29, 2012

      Hi Garry. Thanks for your question. Please refer to this article for further information .

  10. Default Gravatar
    Angela | April 12, 2012

    hi,i am on family benefits,asking for a card that would allow me a 1500.00 balance,which card could i apply ty

    • Staff
      Jeremy | April 27, 2012

      Hi,

      Thanks for your question. Provided you meet with the minimum income requirement and other credit card lending criteria there are a range of cards that you can apply for with that limit. The St.George Vertigo MasterCard and BankSA Vertigo MasterCard are two cards that have a minimum credit limit of $500. Cheers.

      Jeremy

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Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
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Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
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Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
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NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
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Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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