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Bank of Melbourne Vertigo Visa Credit Card

Name: Bank of Melbourne Vertigo Visa Credit Card
Brand: Bank of Melbourne
Rating: 3.6 (10 reviews)

3.6

Balance transfer

24 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$55.00 p.a. ongoing

Highlights

Get a 0% interest rate on balance transfers for 24 months with a 2% transfer fee. After that, the rate changes to 21.99% p.a. for cash advances.
Start with a credit limit as low as $500, helping you keep your spending in check.
Add 1 additional cardholder at no extra cost.

Pros and cons

Pros

A 13.99% p.a. variable rate keeps interest costs lower on purchases.
Low annual fee of $55 p.a.
Offers fraud monitoring, secure online shopping, and a Fraud Money Back Guarantee.
Works with Apple Pay, Google Pay, and Samsung Pay.

Cons

Note that the balance transfer rate reverts to 21.99% p.a. after 24 months.
The 2% balance transfer fee is low but it can add up with large transfers
No rewards program which is typical for a basic card.

About this credit card

Basics

Card usage

Apple Pay Enabled

Yes

Card Type

Visa

Gambling Transactions Allowed

Samsung Pay Enabled

Yes

Eligibility

Joint Application Accepted

Minimum Age

18 years

Minimum Credit Rating

Below Average, Fair, Good, Very Good, Excellent

Minimum Income

N/A

Temporary Residents Accepted

Yes

Additional cardholders

Additional Cardholders

Additional Card Fee Ongoing

$0.00

Credit limits

Minimum Credit Limit

$500.00

Maximum Credit Limit

$80,000.00

Repayments

Interest Charged From

Purchase date

Interest Free Period

Up to 55 days on purchases

Minimum Repayment Percentage

Balance transfers

Balance transfer offer

Balance Transfer Rate

Balance Transfer Period

24 months

Balance Transfer Fee Percentage

Balance transfer conditions

Balance Transfer From Personal Loan

Balance Transfer Limit Percentage

80%

Balance Transfer Revert Rate

21.99%

Rates, fees, charges

Cash advances

Cash Advance Rate

21.99% p.a.

Cash Advance Fee

N/A

Cash Advance Fee Percentage

Cash Advance Fee Threshold

N/A

Purchases

Purchase Rate Introductory Offer

N/A

Purchase Rate Introductory Period

N/A

Purchase Rate Ongoing

13.99% p.a.

Account fees

Annual Fee Initial Year

N/A

Annual Fee Ongoing

$55.00

Dishonour Fee

N/A

Duplicate Statement Fee

N/A

Foreign Exchange Fee Percentage

Late Payment Fee

$15.00

Rewards

Rewards program basics

Rewards Program

N/A

Rewards Program Annual Fee Initial Year

N/A

Rewards Points Expiry

N/A

Rewards points per $1 spent

Domestic Rewards Points Earn Rate

N/A

Government Rewards Points Earn Rate

N/A

Overseas Rewards Points Earn Rate

N/A

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance

Cardholder's Extended Warranty Insurance

Cardholder's International Travel Insurance

Cardholder's Interstate Flight Inconvenience

Cardholder's Personal Item Theft Cover

Cardholder's Price Protection Insurance

Cardholder's Purchase Protection Insurance

Cardholder's Refund Protection

Cardholder's Transport Accident Insurance

Travel and lifestyle

Airport Lounge Access Included

Concierge Service Included

Complimentary Flight Voucher Included

Complimentary QFF Membership Included

N/A

History

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

Convenient for first time credit card holder

Reviewed by Danielle

Very good card

Reviewed by Anon

Much better than any other bank

Reviewed by Deenadeena

Second to none service

Reviewed by Steve

Very pleased with this card

Reviewed by Samantha

So far I'm very happy with this product

Reviewed by David Foon

Run of the mill, nothing special

Reviewed by Jacki

Easy to manage low rate card

Reviewed by Quenfin

Easy to use with banking app, but no rewards

Reviewed by Laurinda

This card had a great 0% balance transfer deal

Reviewed by Vicki

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