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Bank of Melbourne Vertigo Visa Credit Card

The Bank of Melbourne Vertigo Visa Credit Card is one of the best Low Rate interest credit cards in Australia, with a purchase rate of 13.74% p.a. 

Introductory Offer0% p.a. Balance Transfer for 18 months a 1% BT Fee applies 

Offer Conditions: Apply by 26th September 2018. 0% p.a. for 18 months on balance transfers requested at card application (1% balance transfer fee applies#). Rate then switches to applicable variable cash advance rate.

Complimenting the market leading value of the Bank of Melbourne Vertigo Visa Credit Card are a deep range of benefits:

  • Up to 55 interest free days on purchases - providing you pay off your balance in full every month including any balance transfer amount.
  • Low annual fee - $55 p.a.
  • Additional Card Holder - Add an additional card holder for $0
  • Paywave - For purchases of $100 or less, tap your Visa Card no need to enter a PIN or sign. 
  • Low Minimum Income to be eligible to apply - Just $15,000 p.a.
  • Maximum Credit limit - $40,000
  • Fast decision for online applications - within 60 seconds
Credit Card Details
Provider Bank of Melbourne
Prestige Level Standard
Credit Card Type Visa
Instant Approval Yes in 60 seconds
Standard Rates
Purchase Rate 13.74% p.a.
Cash Advance Rate 19.49% p.a.
Interest Charged From Purchase date
Interest Free Period Up to 55 days
Balance Transfer
Balance Transfer Rate 0%
Balance Transfer Period 18 months
Balance Transfer Fee 1%
Balance Transfer Processing Time 10 - 14 days
Max. Balance Transfer 80% of credit limit
Revert rate 19.49% p.a.
Benefits
Intro Offer 0% p.a. for 18 months on balance transfers requested at card application (1% balance transfer fee applies#). Rate then switches to applicable variable cash advance rate + $0 annual card fee for the first year (saving you $55)
Offer end date 26th September 2018
Rewards Program No
Rewards Points No
Acceptance Criteria
Age to Apply 18
Min. Income $15,000
Residency Australia
Temporary residents No
Min. Credit Limit $500
Joint applicants No
Fees & Terms
Min. Monthly Repayment $10
Annual Fee $55
Over Limit Fee $15
Duplicate Statement fee $7.50
Late Payment Fee $15
Min. Monthly Repayment % 2%
Max. Credit Limit $40,000
Cash advance fee 2% of the value of the transaction with a minimum charge of $2.50
Additional card holder fee $0
Travel & Insurance
Foreign currency conversion fee 3% of transaction value
Overseas atm withdrawal fee $5
Complimentary travel insurance No

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.