BankSA Vertigo Platinum
- 0% p.a. for 26 months
on balance transfers
2% balance transfer fee
$0 first year annual fee
Offer ends 22 May 2019
Eligibility criteria, terms and conditions, fees and charges apply
Get your debt under control with 0% on balance transfers for 26 months and a $0 first year annual fee with the BankSA Vertigo Platinum card.
The Vertigo Platinum is BankSA’s premium low rate credit card, boasting a long-term 0% balance transfer promotion and competitive purchase interest rate.
This card charges $0 annual fee in the first year, is linked with a platinum concierge service and offers complimentary travel insurance.
| Product Name | BankSA Vertigo Platinum |
|---|---|
| Balance transfer rate | 0% p.a. for 26 months with 2% balance transfer fee |
| Balance transfer revert rate The interest rate that will apply to any remaining balance after the balance transfer term ends. | Cash Advance Rate (21.49% p.a.) |
| Balance Transfer Limit | 80% of available credit limit |
| Purchase rate (p.a.) | 12.99% p.a. |
| Offer end date | 22 May 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.) | 21.49% p.a. |
| Min credit limit This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure. | $6,000 |
| Max credit limit This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application. | $80,000 |
| Card Type | Visa |
| Foreign Currency Conversion Fee (VISA) Charged when you make a transaction that is converted by Visa 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) Charged when you make a transaction that is converted by Visa 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 22 May 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 21.49% 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 22 May 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 of 21.49% p.a. You can transfer up to 80% of your approved credit limit from non-BankSA, Bank of Melbourne or St.George credit cards. To take advantage of this offer, you'll need to request the balance transfer at the time of application.
- $0 first year annual fee. Take advantage of a waived annual fee for the first year when you apply and get approved by 22 May 2019. A standard annual fee of $99 will apply thereafter.
- 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.
- 24/7 Visa Platinum Concierge. You can take advantage of your personal platinum concierge for travel, entertainment and lifestyle services around the world.
Features of the BankSA Vertigo Platinum
- 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.
- Up to 55 days interest-free. If you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases. 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.
- Additional cardholder. You can add up to 3 additional cardholders to your Vertigo Platinum account for free.
How to apply for the BankSA Vertigo Platinum
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
- Age. You must be at least 18 years of age.
- Residency. This card is available to permanent Australian residents.
- Credit history. You must also have a good credit history and credit score.
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 you're conducting a balance transfer, you'll need to include how much you want to transfer as well as the details of the account(s) you're transferring from.
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