BankSA Vertigo Platinum

Last updated: Nov 9, 2020

Enjoy platinum benefits and up to 55 interest-free days with the BankSA Vertigo Platinum.

The Vertigo Platinum is BankSA’s premium low rate credit card, boasting a low 12.99% p.a. purchase interest rate and platinum perks, including complimentary travel and purchase insurance.

6.99% p.a.

Balance transfer rate

for 12 months

12.99% p.a.

Purchase rate

$99 p.a.

Annual fee

55 days

Interest free period

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Details

Product Name	BankSA Vertigo Platinum
Balance transfer rate	6.99% p.a. for 12 months
Balance transfer revert rate	Cash Advance Rate (21.49% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	12.99% p.a.
Annual fee	$99
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.49% p.a.
Min credit limit	$6,000
Max credit limit	$80,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

Low interest rate of 12.99% p.a. for purchases
Complimentary insurance covers including overseas travel and extended warranty for purchases

Cons

Does not offer any rewards program for your spending
Charges a 3% foreign currency conversion fee

Bonus points	N/A

Annual fee	$99
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2% or $2.50, whichever is greater
Additional cardholder fee	$0
Number of additional cardholders	3

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The BankSA Vertigo Platinum Card currently has one of the lower interest rates on the market for a platinum card and offers up to 55 days interest-free on new purchases.

In addition to the money-saving features, you'll also be covered with travel insurance, purchase insurance, extended warranty and price guarantee scheme.

For customers who like the sound of a card with a low purchase rate but would like a card with fewer extra features, you could consider BankSA Vertigo card as well.

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. In order to apply online, you must be a permanent Australian resident or citizen.
Credit history. You must also have a good credit history and credit score.

Age. You must be at least 18 years of age.
Balance transfer. If there is a balance transfer rate available and you plan to transfer a debt, St.George allows you to transfer from $200 up to 80% of your available credit limit from up to three Australian-issued cards not from BankSA, St.George or Bank of Melbourne.

Required documents

Personal details. This includes your full name, date of birth, contact details, residential address, marital status and any financial dependents.
Identification. Such as your Australian drivers licence, Medicare card, passport, Australian birth certificate or NSW photo card.
Income and employment. You'll be asked to confirm your annual income and your current place of employment. You may be asked to provide your employer's contact details as well.
Finances. This includes any assets including investments or savings as well as liabilities such as existing debts or loans.
Balance transfer details. If there is a balance transfer rate available and you plan to transfer a debt(s), you'll be asked to list how much debt you're applying to transfer as well as details regarding the account(s) you're moving it from.

Card benefits

Overseas travel insurance. You can travel with peace of mind thanks to complimentary travel insurance that covers medical expenses, unexpected cancellation and rental vehicle excess. The policy covers you, your spouse and any dependent children travelling with you for up to 6 months of travel so long as you meet the eligibility criteria.
Purchase cover insurance. Purchase cover insurance is designed to provide 4 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 up to 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. The price difference must be greater than $75 and you can claim up to $300 back.
Balance transfer offer. Save on interest costs when paying off existing debt with 6.99% p.a. balance transfer offer for up to 12 months with no balance transfer fee. Any remaining balance after the promotional period ends is subject to the cash advance rate.
Mobile payment technology. You can make easy tap and go payments straight from your compatible Android, Apple or Samsung device by adding this card to your Samsung Pay, Apple Pay or Google Pay wallet.

Rates & fees

Annual fee. The BankSA Vertigo Platinum charges an annual fee of $99 p.a.
Interest rates. This card charges a 12.99% p.a. variable purchase rate and a 21.49% p.a. variable cash advance rate.

Interest-free days. When you pay your monthly payment balance in full, which excludes current balance transfers, listed on your statement by the payment due date, you will receive up to 55 days interest-free on new purchases. Note that interest-free days are separate from any longer-term interest rate promotions.
Minimum limit. The minimum credit limit available on the Vertigo Platinum is $6,000.
Additional cardholder. You can add up to 3 additional cardholders to your Vertigo Platinum account no extra cost.

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8 Comments

Lee
October 18, 2019

What is the maximum credit limit I can have?

Nikki
October 18, 2019

Hi Lee,

Thanks for your comment.

The BankSA Vertigo Platinum minimum credit limit is $6000. Your credit limit will be given based on your qualifications and how you fit their criteria. As a friendly reminder, check the eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

Hope this helps and feel free to reach out to us again for further assistance.

Best,
Nikki

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?

finder Customer Care

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

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 ?

finder Customer Care

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 our guide in moving your debt and transferring balances from your partner’s credit card.

Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

Cheers,
Sharon

fran
October 1, 2014

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

finder Customer Care

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

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BankSA Vertigo Platinum