BankSA Vertigo Visa Credit Card | Review, Compare & Apply

BankSA Vertigo Credit Card

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My annual fee: 
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Card features
balance transfer
purchase rate
annual fee
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BankSA Vertigo Credit Card
Apply by 30 sep 20
6 reviews
BankSA Vertigo Credit Card
0% p.a. for 18 months on balance transfers with no balance transfer fee. Reverts to cash advance rate.
Low ongoing variable purchase interest rate of 13.99% p.a.
$55 p.a. annual fee.
Add to comparison
18 months
0% p.a.
then 21.49%
with a 0% fee
13.99% p.a.

Pros & cons

What's good?

What's not so good?

0% p.a. for 18 months on balance transfers with no balance transfer fee. Reverts to cash advance rate.
$55 p.a. annual fee.
Low ongoing variable purchase interest rate of 13.99% p.a.
Up to 55 days on purchases interest free on purchases.
Know if your application is successful or not in 60 seconds.
Uncleared balance transfers revert to the cash advance rate.
No rewards program.

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.

Our review

Our review of the BankSA Vertigo Credit CardReviewed by Yvonne Taylor

Looking for an uncomplicated credit card with a low ongoing purchase interest rate and an annual fee that won’t break the bank? You could have found it in the BankSA Vertigo Credit Card. It also has a tempting introductory offer in the shape of a long zero-interest balance transfer.

Zero-interest balance transfer for 18 months

If you need to consolidate your debts, now is your chance. Or perhaps you just want to postpone paying for a major purchase made on your existing credit card? Either way, you’ll be a winner with this introductory offer. If you transferred a balance of $5,000 from a 20 percent p.a. card, you would save a massive $1,297 in interest costs during the subsequent 16 months.

And since there is no balance transfer fee to pay, this benefit is not reduced by the upfront 1 percent or 2 percent charge which takes the shine off many competing balance transfer offers.

Avoid the revert interest rate

The revert rate – the interest rate you’ll pay on the unpaid balance if you leave it on the card longer than 16 months – is the high ongoing cash advance interest rate of 21.49 percent p.a. You’ll want to avoid paying it if at all possible. Make a diary note of the offer expiry date, at which point you could try to find a way of refinancing your debt at a lower interest rate if you are unable to pay it back.

Low 13.99 percent p.a. ongoing purchase rate

Once the balance transfer offer has expired, the low ongoing purchase rate of 13.99 percent p.a. is the feature that is going to make you want to retain this card. While you may consider the purchase rate irrelevant because you plan to make prompt and full monthly repayments, it’s impossible to predict what the future may hold in the way of temporary financial problems.

Even if you overlook the payment due date occasionally and end up paying interest on your balance, paying 13.99 percent p.a. is a whole lot better than shelling out 20 percent p.a. or more.

55 days interest-free . . .

Although it’s a low-rate card, BankSA haven’t stinted on the interest-free days – the period between the date of your purchase and the date on which you have to pay for them if you want to avoid interest charges. If you buy something at the beginning of the monthly billing cycle you’ll enjoy 55 days without payment or interest charges. Purchases made at the end of the cycle will be free of interest for only 24 or 25 days.

Some credit cards offer only 44 days interest-free, so enjoying 55 days on a low-rate card is a bonus.

. . . provided there’s no balance transfer

If you choose to carry an unpaid balance transfer on your account, you won’t be able to take advantage of the ongoing 55 days interest-free. Having any unpaid balance on your account temporarily removes the standard monthly interest-free days.

You would be wise to have another card on hand – or cash – to use for purchases during the 16 months that the balance transfer remains on your card.

Low annual fee

The annual fee of $55 is not the lowest you’ll find since some cards have no fee at all, but it’s a fairly typical fee for a low interest rate card. There is no charge for supplementary cards on the account.

Security and convenience

The card comes with 24/7 Falcon® Fraud monitoring to detect any suspicious transactions on your card.

The card is also Visa payWave enabled for fast, convenient contactless transactions under $100. In addition, you can sign up for Verified by Visa, which provides an extra level of security for online shopping in the form of a one-time PIN delivered by SMS.

Optional SMS alerts advising balances, deposits, withdrawals, payment due dates and other transactions allow you to monitor your account activity on the go.

Comparable cards

The card’s standout feature is its low ongoing purchase rate, so you might want to compare it with the ME frank Credit Card and the Coles Low Rate Mastercard before making your final choice. Check out other low interest credit cards on the ‘Low interest’ page in our Features section.

The right card for you?

There’s no doubt that this is a minimalist card. It has no rewards points or complimentary insurance. But if you regard these as an unnecessary annoyance that you don’t want to pay for, the BankSA Vertigo Credit Card’s low interest rate on purchases, low ongoing annual fee and attractive balance transfer offer could prove to be just the right combination for your lifestyle and spending habits.

Disclaimer: 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

3.2 out of 5.0 based on 6 reviews67% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Good everyday card

Reviewed and recommended by Karina on 03 Jul 2016

The BankSA Vertigo credit card is a good everyday card with a low annual fee and I would highly recommend it to everyday users. If you pay your card off each month, then you don’t get charged interest. This means you can purchase something and depend have up to 49 days to pay for it.

Good interest rate

Reviewed and recommended by Angie on 02 Jul 2016

When I compared other interest rates, this card worked out cheaper. However, it carries an annual fee which is annoying when so many credit cards don’t any more. I have been looking for another credit card because of this. I usually pay my balance off each month so it works out, but at the moment I’m being hit with interest which is a money drain!

I save a lot of money with this card

Reviewed and recommended by Nikita on 28 Sep 2015

I have had my BankSA Vertigo low interest card for many years now as it is very beneficial with the very low interest rate. I save lots of money. With this card I have also received balance transfer offers with no interest for a certain period, which I have used and saved thousands! Love my card.

Too expensive, bad service

Reviewed and not recommended by Ebi Riemer on 21 Jul 2015

I found BankSA to be not very user-friendly and restricted usage – whilst overseas the card did not work in all ATMs and the entire credit limit could not be used as expected. Bear in mind that my credit limit was $600, which is too low to be called credit – it should be in the $1000 range. I’m going to change to a different bank soon.


Reviewed and recommended by Christina on 12 Jun 2015

At the beginning the credit card was easy to maintain and pay off, but I have extended many times and am finding it hard to keep on top of! It’s not the card so much, but myself allowing it to get out of control and maxing out my limit too much.

Fair go?

Reviewed and not recommended by help required on 11 Aug 2013

They were good at the start and when I got into trouble they didn’t want to know about it. I wanted to combine my cards and make it easier for me but they refused. They were quick to give out the cards but not to assist. Fair go – help australians.

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.18 months0%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 BankSA Vertigo Credit Card 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.18 months0%80% of credit limit 21.49% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

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


Annual fee
$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
Earn a regular income of more than $15,000 per year
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are allowed
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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