St.George offers rainbow credit cards to celebrate Mardi Gras

Sally McMullen 26 February 2019 NEWS

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Show your support for the LGBTQI community every time you pay with the limited edition St.George Vertigo and Vertigo Platinum credit cards.

In time for the 40th anniversary of the Sydney Gay and Lesbian Mardi Gras Festival, St.George gave some of its cards a fabulous techni-coloured facelift in February 2017.

However, St.George customers can still showcase their pride every time they spend when they apply for a rainbow St.George Vertigo or Vertigo Platinum credit card by 22 May 2019.

Although both cards don the colours of the rainbow, there are a few differences that you should know about the products before you sign up.

St.George Vertigo cardstg-vertigo-rainbow250

This St.George Vertigo card is a no frills product that’s suited to cardholders who want to pay on plastic but keep their card costs low.

It has a competitive purchase interest rate of 13.74% p.a., which can help minimise your interest costs if you’re planning on carry a balance from month to month. If you do pay your balance in full, you can also take advantage of up to 55 interest-free days on purchases. It also charges a $55 annual fee, which is still a relatively competitive offer.

If you’re working to pay down an existing debt, you can take advantage of a promotional balance transfer offer of 0% p.a. for the first 16 months. This reverts to the variable cash advance rate of 19.49% p.a. once the promotional period is up, so make sure to pay your balance in full before this happens.

You can also request an additional cardholder, which could come in handy if you want to manage your finances under one account.

St.George Vertigo Platinum cardstg-vertigo-plat-rainbow250

If you like the sound of the Vertigo card but would prefer a card with a few more perks, the St.George Vertigo Platinum card could be a better fit.

This card also offers 0% p.a. on balance transfers for the first 26 months (with a one-time 2% balance transfer fee), giving you more time to clear your debt without paying any interest. This also reverts to the variable cash advance rate of 19.49% p.a. after the introductory period.

The St.George Vertigo Platinum card boasts a $0 annual fee in the first year, which reverts to $99 p.a. after that. It also has a competitive variable purchase rate of 12.74% p.a.

Unlike the Vertigo card, the Platinum version comes with a bunch of complimentary insurances including travel insurance, flight inconvenience cover, purchase insurance, extended warranty and price guarantee cover. This card also comes with 24/7 access to a personal concierge, who you can call for help with anything from booking your next holiday or restaurant reservation to organising a gift for a loved one.

Although it’s tempting to be lured in by the promise of a colourful card, make sure you compare the rates, fees and extra features of both cards with others on the market before you apply.

St.George Vertigo Classic Rainbow
St.George Vertigo Classic Rainbow
St.George Rainbow Vertigo Platinum
St.George Rainbow Vertigo Platinum
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Purchase Rate (p.a.)13.74% p.a.
12.74% p.a.
Balance transfer rate (p.a.)0% p.a. for 16 months0% p.a. for 26 months with 2% balance transfer fee
Offer end date22 May 201922 May 2019
Cash advance rate (p.a.)19.49% p.a.19.49% p.a.
Interest Free Days on Purchases55 days55 days
Fees & Charges  
Annual Fee$55 p.a.$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Balance Transfer Fee2%
Minimum Repayment2% or $10 whichever is greater2% or $10, whichever is greater
Late Payment Fee$15$15
Overseas Emergency Replacement$52.50$52.50
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 value3% of transaction value
Gambling Transactions AllowedYesYes
Gambling Transactions Interest RateCash Advance RateCash Advance Rate
Additional Cardholder Fee$0$0
Number of Additional Cardholders13
Application Requirements  
Minimum Age18 years of age18 years of age
Available to Temporary ResidentsNoNo
Credit Rating RequirementGoodGood
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.
$500$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$80,000
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St.George also commissioned a report into the financial well being of the LGBTQI community in November 2017, revealing that nearly 7 in 10 are worried about their financial future.

“As a family bank that’s committed to the diverse needs of all Australians, we’re really proud to celebrate what’s important to our customers and support equality in all its forms with the release of our new rainbow Vertigo card," said Ross Miller, general manager of St.George. "The card is one of the many ways we’re supporting inclusiveness and is available for all customers in St.George branches around the country, just in time for Sydney Mardi Gras.”

This isn’t the first time an Australian bank has shown its support for the LGBTQI community either. ANZ is well known for its colourful (and often mustachioed) GAYTMs and it also launched its #HOLDTIGHT campaign in 2017. The bank released limited edition wristbands that used infrared technology to detect proximity between wearers, lighting up when their hands came together.

And although this the first rainbow credit card down under, Virgin Money launched a similar product in the UK in December 2017. Its Rainbow Credit Card gave its customers the opportunity to show its support for the the LGBTQI community and raise money for Stonewall, the LGBT rights charity. It made a donation of £1 to Stonewall for every transaction made using the rainbow card in the first three months following account activation, up to a total of £100,000.

Although it’s awesome to see a financial institution like St.George showing its support for the LGTBQI community with its rainbow cards, hopefully we’ll see the bank launch a more philanthropic version of the product to celebrate Mardi Gras in the coming years.

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