BankSA Vertigo Platinum – Rates and Fees

Information verified correct on December 5th, 2016
BankSA Vertigo Platinum Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

An introductory balance transfer offer of 0% p.a. for 18 months and a purchase offer of 1% for 12 months makes 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 4 January 2017 can take advantage of a low interest rate on purchases for 12 months and 0% p.a. for 18 months on balance transfers. This allows customers to transfer over debt from another credit card and then pay it off before they accrue any extra interest charges.

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 18 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (12.74% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)1% p.a. for 12 months (reverts to 12.74% p.a.)
Offer end date4 January 2017
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%
Card TypeVisa
Late Payment Fee$9
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
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
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%
Late Payment Fee$9
Over Limit Fee$9
Cash Advance Fee2% of each cash advance amount and all transfers
Overseas Cash Advance Fee2% of each cash advance amount and all transfers
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 comes with a low balance transfer of 0% p.a. for 18 months, requested at card application.
  • An introductory offer of 1% for 12 months on purchases also applies.
  • 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.

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.

With a minimum credit limit of $6,000, the card features 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 BankSA Vertigo Platinum

  • 0% p.a. on balance transfers. New customers can get out of debt quicker with a 0% p.a. for 18 months. Once the introductory period is over, the revert rate will be 12.74% p.a.
  • 1% on purchases. Apply before 4 January 2017 and take advantage of the introductory interest rate of 1% for 12 months on purchases.
  • 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.

BankSA Vertigo Platinum features

  • Annual fee. The BankSA Vertigo Platinum credit card attracts an annual fee of $99.
  • Interest rates. The Vertigo Platinum offers a 1% p.a. for 12 months (reverts to 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.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

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

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

6 Responses to BankSA Vertigo Platinum – Rates and Fees

  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?

    • Staff
      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 ?

    • Staff
      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?

    • Staff
      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

Credit Cards Comparison

Rates last updated December 5th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* 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.

Ask a question
feedback