Bank of Melbourne Vertigo Visa | Compare, Review & Apply

Bank of Melbourne Vertigo Visa

Card features
purchase rate
annual fee
min credit limit
Bank of Melbourne Vertigo Visa
Apply by 30 sep 20
10 reviews
Bank of Melbourne Vertigo Visa
0% p.a. for 22 months on balance transfers with 1.5% balance transfer fee. Reverts to cash advance rate.
0% p.a. on purchases for up to 7 months from card approval (reverts to 13.99% thereafter).
$0 p.a. annual fee for the first year ($55 p.a. thereafter).
Add to comparison
7 months
0% p.a.
then 13.99%
1st year
then $55

Pros & cons

What's good?

What's not so good?

0% p.a. for 22 months on balance transfers with 1.5% balance transfer fee. Reverts to cash advance rate.
0% p.a. on purchases for up to 7 months from card approval (reverts to 13.99% thereafter).
$0 p.a. annual fee for the first year ($55 p.a. thereafter).
Up to 55 days on purchases.
Checkout faster using Visa payWave for purchases of $100 or less.
The cash advance rate of 21.49% p.a. is much higher than the low rate on purchases which could hurt if you used the card for cash advances.

The interest free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.
Joint applications are limited to branch and customer care only. Currently, the bank is not accepting balance transfer requests with joint applications.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.0 out of 5.0 based on 10 reviews100% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

This card had a great 0% balance transfer deal

Reviewed and recommended by Vicki on 17 Sep 2016

I took advantage of the Vertigo 0% balance transfer deal earlier this year. So far I haven’t had any dramas and no fuss. The payment reminders are great and Internet banking is easy to use. It has a competitive interest rate and is a great value no frills credit card.

Easy to use with banking app, but no rewards

Reviewed and recommended by Laurinda on 24 Aug 2016

It’s very simple to use, and connects to your everyday account with the Bank of Melbourne internet banking app. I chose this card so I don’t have to log in to another bank to check my statement.

It’s a very good card for the modern user — standard rates, no yearly fee. However, there are no types of rewards or points. I recommend it for younger generations due to its simplicity.

Easy to manage low rate card

Reviewed and recommended by Quenfin on 10 Aug 2016

The Bank of Melbourne Vertigo Card is great for those who are looking to consolidate credit cards and have one simple every day low rate card to manage. The sign-up process was very easy and streamlined. I would have no hesitation in recommending this credit card to others who are in a similar situation.

Run of the mill, nothing special

Reviewed and recommended by Jacki on 26 Jun 2016

This card is your standard credit card. I don’t find any real benefits from having it. I use it out of ease because it is easy to use. The charges are easy to understand, but I think they need to communicate any benefits that accompany it a lot better. The annual charges are not too bad and access to additional funds are fairly easy to acquire.

So far I'm very happy with this product

Reviewed and recommended by David Foon on 17 Jun 2015

Changed to this product because previous card had no interest free period and had a higher interest charge. Still early days, but hopefully this should suit what my requirements are.

I am a little bit annoyed with Bank Of Melbourne because as a long term customer they never advised me that the old card had very little to offer me plus cost me more!

Very pleased with this card

Reviewed and recommended by Samantha on 19 Oct 2014

I needed a card for emergency, for when we were travelling. It is perfect for families – easy to pay and easy to use. Customer service seeems great so far. Even though the online application was thorough, it was easy to navigate. They called the next day to see if we had any questions or problems.

Second to none service

Reviewed and recommended by Steve on 28 Oct 2013

Amazing customer service, understanding personal requirements. If every bank was this understanding we as consumers would be much happier. It feels like this bank is bringing back the old service that we as consumers deserve and crave. I couldn’t recommend Bank Of Melbourne highly enough. Try for yourself and you will see the difference.

Much better than any other bank

Reviewed and recommended by Deenadeena on 07 Sep 2013

The customer service is excellent, they are very helpful when i need it. The card is amazing, I use it every now and then when needed, and the rates are fantastic. It took me a long time to find the right bank and I have finally found it. I will never change banks again.

Very good card

Reviewed and recommended by Anon on 05 Sep 2013

It is a good looking card and very convenient and has affordable and competitive rates and can also be used at a lot of places. With the security of specialised PIN that can only be used once and due to this security it makes life so risk free and recommend.

Convenient for first time credit card holder

Reviewed and recommended by Danielle on 01 Aug 2013

As a student and part-time worker, I find this card to be the most convenient and with the best interest rates offered for a first time credit card holder. The customer service is friendly, prompt and they are always there willing to help resolve your problems. They even have the courtesy to give you a follow up call and/or email.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.22 months1.5%80% of credit limit21.49% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the Bank of Melbourne Vertigo Visa at the promotional balance transfer rate from:

  • Bank of Melbourne
  • Bank SA
  • St.George

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.22 months1.5%80% of credit limit 21.49% p.a.
Purchases0% p.a.7 monthsN/AN/A 13.99% p.a.

Ongoing interest rates

Cash advances 1.79% 21.49% p.a.
Purchases 1.17% 13.99% p.a.


Annual fee
$0 p.a.
Annual fee 2nd year
$55 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are allowed
Temporary residents are eligible
Age Pension, Disability Pension and Widower's Pension are acceptable.
Family Tax Benefits and Parenting Payments is acceptable.
Austudy, Carer's Allowance, Child Support Payments and Foster Care Allowance are not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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