BankSA Vertigo Platinum
- 0% p.a. for 26 months
on balance transfers
2% balance transfer fee
$0 first year annual fee
Offer ends 23 January 2019
Eligibility criteria, terms and conditions, fees and charges apply
An introductory balance transfer offer of 0% p.a. for up to 26 months and a $0 first year annual fee make the BankSA Vertigo Platinum a credit card worth considering.
The Vertigo Platinum is BankSA’s premium low rate credit card offering. It offers a range of attractive features to potential customers, including the competitive introductory balance transfer and first year annual fee offers. Customers who apply for a BankSA Vertigo Platinum until 23 January 2019 are eligible for a 0% p.a. for 26 months balance transfer offer with a one-time 2% balance transfer fee. Plus, enjoy the savings of paying no annual fee for the first year.
For customers who like the sound of the balance transfer offer but would like a card with fewer features, the BankSA Vertigo Visa is also worth considering.
| Product Name | BankSA Vertigo Platinum |
|---|---|
| Balance transfer rate (p.a.) | 0% p.a. for 26 months with 2% balance transfer fee |
| Balance Transfer Revert Rate The interest rate after the balance transfer ends. | Cash Advance Rate (19.49% p.a.) |
| Balance Transfer Limit | 80% of available credit limit |
| Purchase rate (p.a.) | 12.74% p.a. |
| Offer end date | 23 January 2019 |
| Annual fee | $0 p.a. annual fee for the first year ($99 p.a. thereafter) |
| Interest Free Period The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date. | Up to 55 days on purchases |
| Cash advance rate (p.a.) | 19.49% 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. | $6,000 |
| Max credit limit This credit limit may not be issued to you immediately upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. | $80,000 |
| Card Type | Visa |
| 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 | Yes |
| Minimum Age | 18 years of age |
|---|---|
| Available To Temporary Residents | Yes - Conditions apply |
| Joint Application | Yes |
| Annual fee | $0 p.a. annual fee for the first year ($99 p.a. thereafter) |
|---|---|
| Minimum Monthly Repayment | 2% or $10, whichever is greater |
| 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 |
| Cash Advance Fee | 2% of each cash advance amount (minimum of $2.50 capped at $150 per transaction) |
| Overseas Cash Advance Fee | 2% of each cash advance amount (minimum of $2.50 capped at $150 per transaction) |
| Gambling Transactions Allowed | Yes |
| Additional Cardholder Fee | $0 |
| Number of Additional Cardholders | 3 |
Pros
- Apply by 23 January 2019 and enjoy 0% p.a. for the first 26 months on balance transfers.
- Save with a $0 annual fee for the first year.
- This card comes with complimentary insurance covers including overseas travel and extended warranty for purchases.
Cons
- A variable cash advance rate of 19.49% p.a. applies after the promotional balance transfer period.
- There is a one-time 2% balance transfer fee.
Benefits of using a BankSA Vertigo Platinum
- Balance transfer offer. New customers who apply by 23 January 2019 can pay down their debt with lower interest with a 0% p.a. for 26 months balance transfer offer. You will be charged a one-time 2% balance transfer fee. After the promotional period, any balances remaining will be charged at the variable cash advance rate. Note that you cannot transfer balances from existing BankSA, Bank of Melbourne, or St.George credit cards.
- $0 first year annual fee. Take advantage of a waived annual fee for the first year when you apply and get approved by 23 January 2019. A standard annual fee of $99 p.a. will apply thereafter.
- Purchase cover insurance. Purchase cover insurance is designed to provide 3 months’ protection against the theft, loss or damage of selected new purchases.
- Extended warranty insurance. Use this complimentary policy to extend the manufacturer’s expressed Australian warranty by 12 months.
- Price guarantee cover. If you buy an item but then find it being sold cheaper within 21 days of purchase, this cover will ensure that you are refunded the difference in price.
- Overseas travel insurance. This policy provides up to 6 months of cover for any overseas travel, providing essential protection against a range of common travel risks.
- 24/7 Visa Platinum Concierge. The Concierge Service gives cardholders access to their own personal assistant, offering travel, entertainment and lifestyle services no matter where you are in the world.
- Additional cardholder. You can add an additional cardholder to your Vertigo Platinum account for free.
Features of the BankSA Vertigo Platinum
- Annual fee. Outside of any promotions, the BankSA Vertigo Platinum charges an annual fee of $99 p.a..
- Interest rates. The Vertigo Platinum comes with a 12.74% p.a. variable purchase rate and a 19.49% p.a. variable cash advance rate.
- Up to 55 days interest-free. Cardholders receive 55 days interest-free on purchases from the start of their statement cycle. Interest-free days do not apply while you carry debt from a balance transfer.
- Minimum limit. The minimum credit limit on the Vertigo Platinum is $6,000.
How to apply for the BankSA Vertigo Platinum
Once you’ve done your research and confirmed that the Vertigo Platinum is the right card for you, complete an online application to begin the process.
Eligibility criteria
You should meet the following to be able to apply for a BankSA Vertigo Platinum Credit Card:
- You must be at least 18 years of age
- You must be a permanent Australian resident
- You must also have a good credit history
Required documents
You’ll need to supply some personal information and other documentation as part of your application. This includes:
- Your driver’s licence
- Your employer’s contact details
- Details of your income, assets and liabilities
BankSA’s Vertigo Platinum offers plenty of attractive features to entice customers. However, it’s important that you weigh up the pros and cons of a range of cards before making your final decision on which one is right for you.
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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?
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
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 ?
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
how is the complimentary travel insurance on this card activated? do you have to purchase travel on the card?
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