BankSA Vertigo Platinum

Last updated:  

Get existing card debt under control with 0% on balance transfers for 18 months and a reduced first year annual fee with the BankSA Vertigo Platinum.

The Vertigo Platinum is BankSA’s premium low rate credit card, boasting a long-term 0% balance transfer promotion and competitive purchase interest rate.

0% p.a.

Balance transfer rate

for 18 months

12.99% p.a.

Purchase rate

$49 p.a.

Annual fee

for the first year ($99 p.a. thereafter)

55 days

Interest free period


Details

Product NameBankSA Vertigo Platinum
Balance Transfer Rate0% p.a. for 18 months
Balance Transfer Revert RateCash Advance Rate (21.49% p.a.)
Balance Transfer Limit80% of available balance
Purchase Rate12.99% p.a.
Annual Fee$49 for the first year ($99 thereafter)
Interest Free Period55 days
Cash Advance Rate21.49% p.a.
Minimum Credit Limit$6,000
Maximum Credit Limit$80,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationYes

Pros

  • 0% p.a. for the first 18 months on balance transfers, with no balance transfer fee
  • Discounted annual fee of $49 for the first year
  • Complimentary insurance covers including overseas travel and extended warranty for purchases

Cons

  • The variable cash advance rate of 21.49% p.a. applies after the promotional balance transfer period
  • Platinum-tier card that does not offer rewards
Annual Fee$49 for the first year ($99 thereafter)
Minimum Monthly Repayment2% of the closing balance or $10, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
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

Sally McMullen

Review by


Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The BankSA Vertigo Platinum Card currently has one of the longer 0% balance transfer promotions on the market. It could potentially offer you bigger savings and give you more breathing room to pay off your debt with no interest. It also charges no balance transfer fee, which could help you cut costs compared to other cards.

It’s also one of the few balance transfer cards that offers a competitive purchase interest rate. However, you may not want to take advantage of features like the low purchase rate or complimentary insurances if you’re concentrating on paying off your balance transfer debt before the interest-free period ends.

How to apply

You can apply for the BankSA Vertigo Platinum card online in 10 minutes and receive a response instantly. Before you get started, check if you meet the eligibility requirements and have the necessary information to complete the application.

Eligibility criteria

  • Residency. This card is available to permanent Australian residents and citizens.
  • Balance transfer debt. If you want to take advantage of a balance transfer promotion, BankSA allows you to transfer from $200 up to 80% of your approved credit limit from up to 3 non-BankSA, Bank of Melbourne or St.George Australian-issued credit, charge or store cards.

Card benefits

  • Balance transfer offer. New customers can save on interest costs with 0% for the first 18 months on balance transfers, with no balance transfer fee. You must apply by 02 October 2019 and request the balance transfer at the point of application. After the promotional period expires, any balances remaining will be charged at the variable cash advance rate of 21.49% p.a.
  • Discounted first year annual fee. Take advantage of a reduced annual fee of $49 for the first year when you apply and get approved by 02 October 2019. The standard annual fee of $99 p.a. will apply thereafter.

Rates & fees

  • Annual fee. Outside of any promotions, the BankSA Vertigo Platinum charges an annual fee of $99.
  • Interest rates. The Vertigo Platinum charges a 12.99% p.a. variable purchase rate and a 21.49% p.a. variable cash advance rate.

Ask an expert

To ask a question simply log in via your email or Facebook or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

6 Comments

  1. Default Gravatar
    Shiba
    April 21, 2016

    Hi, I just want to perform a balance transfer from commonwealth to bankSA (vertigo platinum). Just wondering, my credit balance from commonwealth is more then the vertigo platinum card limit which i have at BankSA. Can I still be able to do it?

    • AvatarStaff
      Sharon
      April 21, 2016

      Hi Shiba,

      Thanks for your inquiry.

      Transferring a balance from your Commonwealth bank credit card to a BankSA Vertigo Platinum card is eligible. However, please note that you can only transfer a minimum of $200 up to 95% of your approved available credit limit.

      You may also check our comparison of balance transfer credit cards with high credit limits.

      I hope this has helped.

      Sharon

  2. Default Gravatar
    Donzay
    January 20, 2016

    Can my wife apply Vertigo Platinum Credit Card card and perform a balance transfer of my (husband) credit card into her new Vertigo Platinum Credit Card ?

    • AvatarStaff
      Sharon
      January 20, 2016

      Hi Donzay,

      Thank you for your inquiry.

      Yes, balance transfer between any two people’s names is accepted as long as it is not from Westpac Group (BankSA, Bank of Melbourne, St.George). You may refer to this page for more information about transferring balances from your partner’s credit card.

      Cheers,

      Sharon

  3. Default Gravatar
    fran
    October 1, 2014

    how is the complimentary travel insurance on this card activated? do you have to purchase travel on the card?

    • AvatarStaff
      Elizabeth
      October 1, 2014

      Hi Fran,

      Thanks for your question.

      The overseas travel insurance is activated when you, before leaving Australia, have purchased a minimum of $500 worth of prepaid travel costs (such as flights, accommodation, tickets, etc.) on your card and you have return airfare tickets to your destination. The $500 of travel costs applies to each person you want to be covered by the insurance, so if you want you and your partner covered you will need to purchase $1000 worth of prepaid travel expenses on your card.

      Hope this has helped.

      Thanks,

      Elizabeth

Ask a question
Go to site