BankSA Vertigo Platinum – Cashback Offer

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Enjoy a $300 cashback offer, a competitive annual fee and platinum benefits with a new BankSA Vertigo Platinum.

Apply for the BankSA Vertigo Platinum by 30 March 2021 and spend $900 on eligible purchases in the first 90 days and you’ll get $300 cashback on your account.

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 NameBankSA Vertigo Platinum - Cashback Offer
Balance transfer rate6.99% p.a. for 12 months
Balance transfer revert rateCash Advance Rate (21.49% p.a.)
Balance transfer limit80% of available limit
Purchase rate12.99% p.a.
Annual fee$99
Interest-free period55 days
Cash advance rate21.49% p.a.
Min credit limit$6,000
Max credit limit$80,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo

Pros

  • $300 cashback offer
  • Low purchase rate of 12.99% p.a.
  • 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
Annual fee$99
Minimum monthly repayment2% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee2% or $2.50, whichever is greater
Overseas cash advance fee2% or $2.50, whichever is greater
Additional cardholder fee$0
Number of additional cardholders3

Expert review

Amy Bradney-George

Review by


Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The BankSA Vertigo Platinum Card’s introductory offer gives you a way to get more value from your spending, with $300 cashback on your new credit card. Even after you subtract the $99 annual fee from this amount, you’ll end up with $201 value from this offer. This card also 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.

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.

Card benefits

  • $300 cashback. You'll get $300 back to your new BankSA Vertigo Platinum card when you apply by 30 March 2021, are approved and spend $900 on eligible purchases within the first 90 days from card approval. Eligible spending covers most everyday purchases. Transactions that won't count towards this spend requirement include BPAY payments, cash advance transactions, government charges, balance transfers and account fees and charges. The $300 will be added as a statement credit on your Vertigo Platinum account within 60 days of meeting the offer requirements.
  • 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.

Rates & fees

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

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