BankSA Vertigo Platinum Credit Card | Review & Apply

BankSA Vertigo Platinum Credit Card

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
BankSA Vertigo Platinum Credit Card
Apply by 12 feb 20
BankSA Vertigo Platinum Credit Card
Enjoy 0% p.a. for 15 months on purchases.
Up to 55 days on purchases.
Reduced annual fee of $49 p.a. for the first year then ($99 p.a. thereafter).
Add to comparison
-
15 months
0% p.a.
then 12.99%
$49
1st year
then $99

Pros & cons

What's good?

What's not so good?

Enjoy 0% p.a. for 15 months on purchases.
Up to 55 days on purchases.
Reduced annual fee of $49 p.a. for the first year then ($99 p.a. thereafter).
Overseas travel insurance and extended warranty on purchases.
Know if your application is successful in 60 seconds.
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.

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 Platinum Credit CardReviewed by Yvonne Taylor

Visa Platinum opens up a whole new world of privilege when it’s attached to the already desirable BankSA Vertigo card. Add an even lower purchase interest rate and a suite of complimentary insurances to the mix, and the result is the entirely covetable BankSA Vertigo Platinum Credit Card.

Great combination of low interest rate and complimentary benefits

Who says you can’t have it all? With most cards you must choose between low rates and freebies, but this one is different. The ongoing purchase rate is a low 12.99% p.a. but you get to enjoy 0% p.a. for the first 15 months of your card – that’s going to make a big difference if you sometimes struggle to even out your expenditure during the year and need a little temporary financial wriggle room. And in spite of the bargain basement implication of the interest rate, you still get complimentary insurance cover and premium extras.

A range of insurance cover that won’t cost you a cent extra

Once you’ve paid the card’s annual fee, there is no further charge for a long list of insurance policies, activated by expenditure you would have been making in any case:

  • Annual, multi-trip international travel insurance. Covers trips up to six months long for the primary cardholder plus any supplementary cardholders, their spouses and children. This means that a spouse holding a supplementary card can travel alone and still be covered. Activate by using the card for at least $500 of pre-booked travel, accommodation and tour costs.
  • Interstate flight inconvenience insurance. Pay the airfares for all travelling family members with the card, for holidays up to 14 days, and be insured against unavoidable trip cancellation, flight delays, and luggage loss, theft or damage.
  • Transit accident insurance. Provides compensation in the event of death or loss of limb or eyesight as a result of an accident sustained on public or commercial transport, anywhere in the world. Pay trip fares with the card to activate the policy.
  • Rental vehicle excess in Australia. Most cards link this cover with overseas travel insurance, meaning that you can only claim for overseas rental excess. But BankSA provides cover in Australia as well, for domestic trips or even when you’re still resident at home.
  • Extended warranty. Doubles the manufacturer’s Australian warranty, up to a maximum of 12 additional months.
  • Purchase protection. For items purchased with the card, provides four months of cover against loss, theft or accidental damage (exceeding the 90 days granted by most other cards with this policy).
  • Guaranteed pricing. When you see an item you purchased with the card go on sale for a much lower price, you can get a refund equal to the price difference. Cover lasts for 21 days after the original purchase from a retail store (not online), requires proof in the form of a printed local catalogue, and the minimum claim is $75.

Visa Platinum premium extras

Visa Platinum (also known as Visa Premium) brings you more than just the Platinum Concierge Service mentioned on the card’s web page. It also gives you access to tickets for sought-after events before they go on general sale. Hotels will offer you discounts and upgrades. Holiday tour companies in Asis and upmarket fashion stores in Europe will apparently mark down their prices, just because you have a Visa Platinum card.

And if these benefits sound appealing, then so will the concierge service, which promises help with all your superior lifestyle expectations, from obtaining tickets to a Sydney show all the way to help with hiring a private yacht in Fiji.

Introductory offers not neglected

While the insurance and other extras are designed to appeal to customers who plan to use the card as a purchase card from the outset, the card offers 0% p.a. for 15 months on your purchases with the card. This is a good offer for those planning to do purchases with huge amount and pay it in a period of time without incurring interest.

Moderate annual fee for a platinum card

Useful complimentary benefits are rarely free, and you’ll pay $49 p.a. for the first year and $99 p.a. in every anniversary of your card. That’s not a bad price, especially when you consider the low interest rate waiting in the background in case you need it.

Even the most organised people sometimes forget to pay their credit card account on time, condemning themselves to two months without interest-free days. In this situation the annual fee would be quickly recouped by paying interest at a much lower rate than normal.

There is no annual fee applied to up to three supplementary cards.

Best of both worlds, but no rewards points

Most banks appear to assume that a desire for low interest rates and a preference for prestige benefits are mutually exclusive, putting their potential customers into one category (financial battlers who frequently need prolonged credit) or the other (well-heeled regular travellers). So the BankSA Vertigo Platinum Credit Card is unusual in offering a specialised combination of a low purchase interest rate and premium benefits. If the absence of a rewards program doesn’t bother you, and the low interest rate sounds like a good safety net, $99 per year is a bargain price for the extensive complimentary benefits.

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.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit rating
Any
Gambling transactions allowed
No
Joint application
Yes
Minimum age
18 years old
Minimum income
$15,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
3
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
$80,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfersN/AN/AN/AN/A N/A
Purchases0% p.a.15 monthsN/AN/A 12.99% p.a.

Ongoing interest rates

MonthlyAnnually
Cash advances 1.79% 21.49% p.a.
Purchases 1.08% 12.99% p.a.

Fees

Annual fee
$49 p.a.
Annual fee 2nd year
$99 p.a.
Cash advance fee
2%
Dishonour fee
$9
Duplicate statement fee
$2
Foreign exchange fee
3%
Late payment fee
$15
Over limit fee
N/A
Overseas ATM balance fee
$2.50
Overseas ATM withdrawal fee
$2.50
Overseas emergency card replacement fee
$52.5
Transaction verification fee
$0

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.

Protect your identity. Monitor your credit score for free.

Join more than 13,000 Australians and get your score today.
  1. Protect yourself from identity fraud
    Get alerted to large credit score drops.
  2. Know where you stand
    The banks know your score. Shouldn’t you too?
  3. Avoid a nasty surprise
    Before applying, check if your credit is good enough.
  4. Always with you
    Check online or download the app.
You may have seen us in
Compare these cards: