BankSA Vertigo Platinum – Rates and Fees

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An introductory balance transfer offer of 0% p.a. for 24 months and a competitive annual fee make the BankSA Vertigo Platinum a credit card worth considering.

The Vertigo Platinum is BankSA’s high-end rewards credit card offering. It offers a range of attractive features to potential customers, but perhaps its most alluring feature is a competitive introductory balance transfer offer. Customers who apply for a BankSA Vertigo Platinum until 18 April 2018 are eligible for a 0% p.a. for 24 months on balance transfers offer with a one-time 1% balance transfer fee.

For customers who like the sound of the balance transfer offer but would like a card with fewer rewards, the BankSA Vertigo Visa is also worth considering.

Product NameBankSA Vertigo Platinum
Balance transfer rate (p.a.)0% p.a. for 24 months with 1% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.49% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)12.74% p.a.
Offer end date18 April 2018
Annual fee$99 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.
$6,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$80,000
Minimum Monthly Repayment2% or $10, whichever is greater
Card TypeVisa
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
Complimentary Travel InsuranceYes
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.
$6,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$80,000
Annual Fee$99 p.a.
Minimum Repayment2% or $10, whichever is greater
Late Payment Fee$15
Over Limit Fee$0
Cash Advance Fee2% of each cash advance amount and all transfers with a minimum of $2.50
Overseas Cash Advance Fee2% of each cash advance amount and all transfers with 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 Cardholders3
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • This card features a balance transfer offer of 0% p.a. for 24 months, requested at card application.
  • Enjoy up to 55 interest-free days on purchases.

Cons

  • A variable cash advance rate of 21.49% p.a. applies after the balance transfer period.
  • There is a one-time 1% balance transfer fee.

BankSA Vertigo Platinum Credit Card review

This rewards credit card offers a range of benefits to customers. These include a wide range of complimentary insurance policies (listed below), 24/7 Visa Platinum Concierge Service, and the ability to add an additional cardholder at no extra cost. Customers can enjoy 55 days interest-free if their balance is paid by the due date, while contactless technology means purchases of less than $100 can be completed quickly and easily.

This card specifies a minimum credit limit of $6,000 and charges an annual fee of $99. The BankSA Vertigo Platinum also features a 12.74% p.a. variable purchase rate and a 21.49% p.a. variable cash advance rate.

Benefits of using a BankSA Vertigo Platinum

  • Balance transfer offer. New customers who apply by 18 April 2018 can pay down their debt with lower interest with a 0% p.a. for 24 months balance transfer offer. You will be charged a one-time 1% balance transfer fee. After the promotional period, any balances remaining will be charged at the variable cash advance rate.
  • 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.

Features of the BankSA Vertigo Platinum

  • Annual fee. The BankSA Vertigo Platinum credit card attracts an annual fee of $99.
  • Interest rates. The Vertigo Platinum comes with a 12.74% p.a. variable purchase rate and a 21.49% 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.
  • Minimum limit. The minimum credit limit on the Vertigo Platinum is $6,000.
  • 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.
  • Contactless technology. If you’re making a purchase of less than $100, the BankSA Vertigo Platinum has Visa Paywave technology to help you get your shopping done fast.
  • Additional cardholder. You can add an additional cardholder to your Vertigo Platinum account for free.

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 application process. You’ll need to be an Australian resident, over the age of 18 and have a good credit rating in order for your application to be successful.

Eligibility criteria

You should meet the following to be able to apply for a BankSA Vertigo Platinum Credit Card:

  • 18 years of age or older
  • You should be an Australian permanent resident

Required documents

You’ll also 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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6 Responses

  1. Default Gravatar
    ShibaApril 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?

    • Staff
      SharonApril 21, 2016Staff

      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
    DonzayJanuary 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 ?

    • Staff
      SharonJanuary 20, 2016Staff

      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
    franOctober 1, 2014

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

    • Staff
      ElizabethOctober 1, 2014Staff

      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

Credit Cards Comparison

Rates last updated December 12th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
Exclusive to finder.com.au, enjoy a no BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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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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