If you’re after a card that provides top-level privileges like purchase and price protection while also offering a low purchase rate, the Bank of Melbourne Vertigo Platinum Credit Card could be right for you. And if you need any more convincing, the Vertigo Platinum card was recognised in the Low Rate Platinum Credit Card category in this year’s Mozo Experts Choice Awards.
Plus, if you want to be rewarded for your spending, there's a nice $300 cashback offer attached to this card, as long as you apply by 30 June 2021 and spend $900 in the first three months from approval.
One of the Vertigo Platinum Credit Card’s major selling points is its low 12.99% purchase rate, along with the 55 interest free days on purchases made with the card (so long as you pay your balance in full by the end of each billing period).
On top of that, there is a $300 cashback offer up for grabs if you spend $900 in the first three months of holding the card (must apply by 30 June 2021).
As far as fees go, you’ll be charged a $99 annual fee and if you’re tardy with your repayments you’ll also be subject to a $15 late payment fee. If you withdraw cash with the card, not only will you immediately start paying interest at the 21.49% cash advance rate but you’ll also incur a 2% or $2.50 cash advance fee. It’s also worth mentioning that you’ll be charged a 3.00% foreign exchange margin when using this card overseas.
Bank of Melbourne also delivers a range of complimentary features with this credit card, including access to Visa’s 24/7 concierge service to help organise your social calendar, book tickets for concerts and gigs, and make restaurant reservations.
You’ll also have the luxury of purchase protection insurance, so the cost to replace your new toys will be covered for up to four months from the purchase date. The availability of price protection also means that if you find a cheaper product elsewhere within three weeks of the transaction, Bank of Melbourne will reimburse you the difference.
And if you've got some lingering debt you'd rather seen gone, the Vertigo Platinum Credit Card also features a 6.99% balance transfer offer for 12 months.
Bank of Melbourne’s Vertigo Platinum Credit Card is a great option if you're looking for a card that combines value with a range of premium benefits.
Just be aware there is a $15 late payment fee so it might be worth automating your credit card repayments, which should be easy enough with online banking.
12.99% p.a.
none
6.99% p.a. for 12 months and then 21.49% p.a.
yes
21.49% p.a.
55
$99.00
none
none
none
$15.00
2%, Min $2.50
3.00%
$0.00
$10.50
$0.00
$10.00
2.0
3
none
Apple Pay, Google Pay, PayID, Samsung Pay
Travel Insurance,
Extended Warranty,
Purchase Protection
Receive $300 cashback when you spend $900 on eligible purchases within 90 days. For new applications made by 30 June 2021.
Worst bank ever. Horrible customer service and long hold times.
Read full reviewWorst bank ever. Horrible customer service and long hold times.
My review is that the online banking is far too hard for older people, we have no idea what to do. Staff try to explain but it is far too complicated a system and is directed for the young ones.
Read full reviewMy review is that the online banking is far too hard for older people, we have no idea what to do. Staff try to explain but it is far too complicated a system and is directed for the young ones.
Credit card can be used anywhere.
Read full reviewCredit card can be used anywhere.
Very competitive rates, especially with balance transfers. Staff are friendly, polite and helpful with great product knowledge. It's the best credit card I've ever had.
Read full reviewVery competitive rates, especially with balance transfers. Staff are friendly, polite and helpful with great product knowledge. It's the best credit card I've ever had.
Ease of application.
Read full reviewEase of application.
Formerly St.George in Victoria, The Bank of Melbourne provides a banking alternative to customers with its large range of products in home, personal and business banking. Based in Victoria the Bank of Melbourne offers its customers bank accounts, credit cards, term deposits, private banking services, home loans and personal loans.
Bank of Melbourne
Amplify Rewards Platinum
19.74% p.a.
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
$99
Bank of Melbourne
Amplify Rewards Signature
19.74% p.a.
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
$279
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Bankwest
Breeze Mastercard
0% p.a. for 15 months then 9.90% p.a.
0% p.a. for 15 months and then 9.90% p.a.
$49 $0 in the first year
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
Citi
Simplicity Credit Card
0% p.a. for 6 months then 21.49% p.a.
0% p.a. for 6 months and then 22.24% p.a.
$0
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
HSBC
Platinum Credit Card
19.99% p.a.
0% p.a. for 36 months and then 21.99% p.a.
$129 $29 in the first year
Rewards Plus
American Express
Cashback Credit Card
Cashback Rewards
$120
No current offer
1 point uncapped
Westpac
Altitude Platinum
Altitude Rewards
$150 $99 in the first year
80,000
1 point uncapped
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
NAB
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
110,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
30,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Bendigo Bank
Low Rate Credit Card
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
11.99% p.a.
$45
Westpac
Low Rate
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59 $0 in the first year
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
Bankwest
Zero Mastercard
0% p.a. for 26 months and then 14.99% p.a. (2.00% balance transfer fee)
14.99% p.a.
$0
St.George
Amplify Rewards Platinum
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
19.74% p.a.
$99
Rewards
Bankwest
Zero Platinum Mastercard
0% p.a. for 26 months and then 14.99% p.a. (2.00% balance transfer fee)
14.99% p.a.
$0
NAB
Low Rate Card
0% p.a. for 26 months and then 21.74% p.a. (2.00% balance transfer fee)
12.99% p.a.
$59 $0 in the first year
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Citi
Simplicity Credit Card
0% p.a. for 6 months then 21.49% p.a.
0% p.a. for 6 months and then 22.24% p.a.
$0
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
Citi
Rewards Credit Card
21.49% p.a.
0% p.a. for 30 months and then 22.24% p.a.
$149 $49 in the first year
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Bankwest
Breeze Mastercard
0% p.a. for 15 months then 9.90% p.a.
0% p.a. for 15 months and then 9.90% p.a.
$49 $0 in the first year
Citi
Simplicity Credit Card
0% p.a. for 6 months then 21.49% p.a.
0% p.a. for 6 months and then 22.24% p.a.
$0
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
Bankwest
Breeze Platinum Mastercard
0% p.a. for 15 months then 9.90% p.a.
0% p.a. for 15 months and then 9.90% p.a.
$69 $0 in the first year
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$0
