Bank of Melbourne Vertigo

13.74% p.a.

0% p.a. for 16 months and then 19.49% p.a.

$55

n/a

Bank of Melbourne Vertigo

13.74% p.a.

0% p.a. for 16 months and then 19.49% p.a.

$55

n/a

Mozo Review   Bank of Melbourne Vertigo Review

Last updated: 1 August 2018.

What's hot:
  • 0% p.a balance transfer rate for 16 months

  • $55 annual fee

  • Low 13.74% purchase rate

What's not:
  • 19.49% p.a cash advance rate

Mozo snapshot:

If you are looking for a low interest credit card that comes with flexible features then look no further than the Bank of Melbourne Vertigo card. With a 0% balance transfer offer for the first 16 months, the Vertigo card could be a great option for anyone wanting to reduce their debt, plus with a low 13.74% purchase rate and a $55 annual fee.

Key features:

Bank of Melbourne’s Vertigo card has all the top features you would expect in a great low rate credit card. First up, the Vertigo offers a 0% p.a balance transfer rate for 16 months which could be a helpful feature for anyone wanting to pay off any existing debt. Just bear in mind that if you still have debt left on the card after that 16 month period, the balance will revert to the purchase rate of 13.74%.

The card also has an ongoing purchase rate of just 13.74% (many cards charge 20% or more), and with a comfortable 55 interest free period you’ll have plenty of time to make your repayments.

Even if you do make a late payment you won't be penalised too much with the $15 late payment fee, and your wallet will definitely be happy knowing that the annual fee is just $55.

The Bank of Melbourne Vertigo card is a Visa so you'll be able to use it anywhere Visa is accepted around the globe. The card also has PayPass functionality for payments under $100.

Who it's good for:

Anyone looking to annihilate their credit card debt and wants a straight up credit card for managing payments.

Any catches?

With a 19.49% p.a cash advance rate, cardholders will want to do their best to avoid withdrawing money using the card.

Details

Rates and fees information correct as at 24 September 2018.

Rates
  • 13.74% p.a.

  • none

  • 0% p.a. for 16 months and then 19.49% p.a.

  • yes

  • 19.49% p.a.

  • 55

Fees
  • $55.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $2.00

  • $10.50

  • $0.00

Features
  • $10.00

  • 2.0

  • 1

  • none

Payment options

Samsung Pay

Customer Reviews

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

Overall customer rating
7.6/10
Price
6.8/10
Features
6.4/10
Customer service
7.6/10
Convenience
7.7/10
Trust
7.6/10

Latest reviews of Bank of Melbourne Vertigo

  • Overall
    10/10
    Great bank

    Great and friendly staff at Cranbourne branch.

    Great and friendly staff at Cranbourne branch.

    Price
    5/10
    Features
    4/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10

    Ruth | Victoria

    reviewed over 3 years ago

  • Overall
    3/10
    convenient but pricey

    convenient during the no interest fee period, but pricey thereafter, so keep an eye on the calendar!

    convenient during the no interest fee period, but pricey thereafter, so keep an eye on the calendar!

    Price
    2/10
    Features
    2/10
    Customer service
    7/10
    Convenience
    4/10
    Trust
    3/10

    Mark | Victoria

    reviewed over 3 years ago

  • Overall
    9/10
    Good support and they are really helpful

    I love this bank because it is so easy to use and I can really trust them and they are really...

    I love this bank because it is so easy to use and I can really trust them and they are really supportive.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    6/10
    Trust
    10/10

    Maka | Victoria

    reviewed almost 4 years ago

  • Overall
    10/10
    Great service and low rate

    Great service and low rate

    Great service and low rate

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Nathan | New South Wales

    reviewed about 4 years ago

  • Overall
    8/10
    Excellent customer service

    Excellent customer service. I had problems ordering my card, so the next time it was ordered, one...

    Excellent customer service. I had problems ordering my card, so the next time it was ordered, one of their employees called me a week after it was ordered, to make sure I had received it ok. Never had that kind of service from another bank.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    7/10

    Debbie | Victoria

    reviewed about 4 years ago

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.

See Bank of Melbourne credit cards