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Balance transfer rate for 12 months with no balance transfer fee: 6.99% p.a.
Purchase rate: 13.99% p.a.
Annual fee: $55 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Offers up to $450 cashback in the first 6 months, with a $55 annual fee.

The BankSA Vertigo is a simple, low rate credit card with a 13.99% p.a. variable interest rate on purchases. Right now, it has an introductory cashback offer that gives you $75 cashback each month when you spend $1,000 on eligible purchases in the first 6 months. This gives you a way to get up to a maximum of $450 back on your new card, but keep in mind that there's no ongoing rewards program.

The BankSA Vertigo Credit Card's other features are relatively simple and its $55 annual fee is also competitive with other low rate credit cards. But as there are some cards with lower rates and fees, it's worth comparing a few before you decide to apply.

Pros

Up to $450 cashback offer
Competitive 13.99% p.a. interest rate for purchases
Shopping cashbacks through ShopBack

Cons

No rewards program
3% international transaction fee

Details

Product details

Product Name	BankSA Vertigo - Cashback Offer
Balance transfer rate p.a.	6.99% for 12 months, then 21.99%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a.13.99%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$500
Max credit limit	$80,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Bonus points	N/A
Rewards points cap	N/A

Fees

Annual fee	$55
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3%
Cash advance fee	3.5% of each cash advance amount
Overseas cash advance fee	3.5% of each cash advance amount
Additional cardholder fee	$0
Number of additional cardholders	1

How to apply

You can apply for the BankSA Vertigo Credit Card online in around 20 minutes. To get started, check that you meet the eligibility requirements and have all the details and documents you need to complete the application.

Eligibility criteria

New cardholder. The cashback offer is available when you apply for the BankSA Vertigo Credit Card as a new cardholder. This means you can't have held a BankSA, St.George or Bank of Melbourne in the last 12 months.
Residency. To apply for this card, you must be an Australian or New Zealand citizen, Australian permanent resident or hold a valid temporary residence visa with at least 1 year before expiry.

Income. You need to confirm that you've earned regular income in Australia the last 3 months and have at least $100 left each month after paying all your expenses.
Credit history. You must be able to confirm that you've paid all your bills and loans on time over the past 12 months.
Age. You must be at least 18 years old to apply.
Existing customers. You must be an existing BankSA customer to be eligible for the $0 first-year annual fee offer.

Required documents

Personal details. This includes your full name, email address, contact number, residential address, relationship status and number of dependents. You also need to provide valid ID, such as your driver's licence number, passport number and Medicare card number.
Employment details. As well as your salary, you need to provide details such as your job title, length of employment and your employer's contact details. If you're self-employed, you may need to provide your accountant's contact details. You may also need to provide supporting documents, such as recent payslips, tax assessment notices or bank statements.
Financial details. This includes any other forms of income, such as government payments or pensions, as well as your savings and other assets. You also need to share details of your existing cards, loans, debts and estimate your share of regular household expenses such as rent, bills and groceries.

Card benefits

Up to $450 cashback. Apply for this BankSA Vertigo Credit Card offer as a new cardholder, and you'll get $75 cashback each month when you spend $1,000 or more on eligible purchases in the first 6 months from card approval (up to a maximum total of $450 back). The $450 cashback will be added to your account as a statement credit within 90 days of meeting the spend requirement.
Low rate for purchases. This card offers a 13.99% p.a. variable interest rate on purchases, which is low compared to the average standard credit card interest rate of 20.99%.

First-year annual fee waiver for existing customers. Existing BankSA customers can save with a $0 annual fee in the first year, which reverts to $55 p.a. thereafter.
Shopping cashbacks. Eligible BankSA credit card holders can get cashbacks when they shop with their card on the online rewards platform ShopBack.
Interest-free period. This card offers up to 55 days interest-free on purchases when you pay the total monthly payment balance listed on your statement by the due date.
Contactless payments. You can add this card to your digital wallet with Apple Pay, Google Pay and Samsung Pay to make payments straight from your mobile phone or device. You can also tap to pay at the checkout with Visa contactless.
Security. The BankSA Vertigo Credit Card offers 24/7 fraud monitoring, a secure online shopping service and a the BankSA Fraud Money Back Guarantee to help protect you against fraudulent transactions.

Rates & fees

Annual fee. The BankSA Vertigo has an annual fee of $55, which is competitive with other similar low rate credt cards.
Cash advance rate. If you use this card to withdraw cash or make any other cash advance transactions, a 21.99% p.a. variable interest rate applies from the time of the transaction.

Cash advance fee. A 3.5% cash advance fee applies when you use this card to withdraw cash or for any other cash advance transactions.
Balance transfers. If you want to move an existing credit card balance onto this card, you'll get an introductory 6.99% interest rate for the first 12 months. At the end of the introductory period, any remaining balance transfer amount will attract the card's 21.99% p.a. variable cash advance rate. Just keep in mind the BankSA Vertigo also has a separate, 0% balance transfer offer that's more suited to repaying debt.
International transaction fee. If you use this card overseas or online with a retailer that's based overseas, you will be charged a fee worth 3% of the transaction.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. BankSA Vertigo Card information PDF
2. BankSA Vertigo Card TMD

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

BankSA Vertigo – Cashback Offer

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

Sources

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