Vertigo Platinum card image

Bank of Melbourne Vertigo Platinum

Advertiser disclosure
Purchase rate
12.99% p.a.
Balance transfer rate
6.99% p.a. for 12 months and then 21.49% p.a.
Annual fees
$99
Interest free days on purchases
55
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Mozo editorial review Bank of Melbourne Vertigo Platinum

Last updated: 29 March 2021.

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What's hot
  • 2020 Mozo Experts Choice Award winner
  • Low 12.99% purchase rate
  • $300 cashback (spending conditions apply)
What's not
  • $15 late payment fee
Mozo snapshot

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. 

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Key features

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.

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Who is it good for

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.

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Any catches

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.

Details

Rates and fees information correct as at 13 May 2021 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 12.99% p.a.

  • none

  • 6.99% p.a. for 12 months and then 21.49% p.a.

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $99.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $0.00

  • $10.50

  • $0.00

Features
  • $10.00

  • 2.0

  • 3

  • none

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

Receive $300 cashback when you spend $900 on eligible purchases within 90 days. For new applications made by 30 June 2021.

Customer Reviews

How are Bank of Melbourne credit cards rated by the Mozo community?

Overall
7.4/10
Price
6.7/10
Features
6.2/10
Customer service
7.3/10
Convenience
7.4/10
Trust
7.5/10

Latest reviews of Bank of Melbourne Vertigo Platinum

Thumbnail icon for Bank of Melbourne

About Bank of Melbourne

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.

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