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Bank of Melbourne Vertigo

Purchase rate
0% p.a. for 7 months then 13.99% p.a.
Balance transfer rate
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
Annual fees
$55 $0 in the first year
Interest free days on purchases
55
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Mozo editorial review Bank of Melbourne Vertigo

Last updated: 15 October 2020.

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What's hot
  • 0% p.a balance transfer rate for 22 months (1.5% BT fee)
  • $55 annual fee (waived in first year)
  • No interest on purchases for 7 months
  • 2020 Mozo Experts Choice Award winner
What's not
  • 21.49% 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 22 months (1.5% fee applies), the Vertigo card could be a great option for anyone wanting to reduce their debt, plus it even comes with an additional interest free period and a first-year waiver on the $55 annual fee.

And if that's not enough, in 2020 this card took home a Mozo Experts Choice Award for best Balance Transfer Credit Card. 

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Key features

The Bank of Melbourne’s Vertigo card has all the top features you would expect of a great low rate credit card. First up, the Vertigo offers a 0% p.a balance transfer rate for 22 months (offer ends 9 February 2021), which could be a helpful feature for anyone wanting to pay off any existing debt. Just bear in mind that there is a 1.5% fee involved, and if you still have debt left on the card after that 22 month period, the balance will revert to the cash advance rate of 21.49%.

The card also has an ongoing purchase rate of just 13.99% (many cards charge 20% or more), although the Bank of Melbourne currently has another offer in place which means customers will pay a 0% interest rate on purchases for 7 months! Plus with a comfortable 55 day 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. Even better, that annual fee is waived in the first year. 

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.

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Who is it good for

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

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Any catches

With a 21.49% 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 26 October 2020 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
  • 13.99% p.a.

  • 0% p.a. for 7 months

  • 0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $55.00

  • $0 in the first 1 year

  • 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

Apple Pay, Google Pay, PayID, Samsung Pay

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

  • Overall 1/10
    Bank of Melbourne Support Review

    I have been with BOM for more than 10 years and it has been great but as soon as I have spotted an unauthorised transaction on the Visa account, I have contacted the fraud support to assist the case and believe or not I had to be out of pocket about $410 for something that I didn't authorise. The support was very aggressive and unprofessional, standing their ground, talking all over me, that I had to ask, can I please say something? after trying to have a polite conversation. I will now cancel my account and go elsewhere not related to this corporation because I suppose that it's the same support team handling the enquiries. I would never think that a bank can be so greedy and rather lose a long-term client than handle their issues the proper way. Also, the mobile app its clustered with glitches and maybe that is a reason that I got scammed as well. I also offered to send screenshots of the mobile app to show that this may have been the way that the account got hacked but they didn't want know and wash their hands with it and left me out of pocket even though they are insured on those type of transaction issues. I am waiting on the new card to pay off my balance and move on and no member of my family will have any more interaction with this bank. Thank god was only $410. Bad policies and practice to handle customer support.

    Read full review

    I have been with BOM for more than 10 years and it has been great but as soon as I have spotted an unauthorised transaction on the Visa account, I have contacted the fraud support to assist the case and believe or not I had to be out of pocket about $410 for something that I didn't authorise. The support was very aggressive and unprofessional, standing their ground, talking all over me, that I had to ask, can I please say something? after trying to have a polite conversation. I will now cancel my account and go elsewhere not related to this corporation because I suppose that it's the same support team handling the enquiries. I would never think that a bank can be so greedy and rather lose a long-term client than handle their issues the proper way. Also, the mobile app its clustered with glitches and maybe that is a reason that I got scammed as well. I also offered to send screenshots of the mobile app to show that this may have been the way that the account got hacked but they didn't want know and wash their hands with it and left me out of pocket even though they are insured on those type of transaction issues. I am waiting on the new card to pay off my balance and move on and no member of my family will have any more interaction with this bank. Thank god was only $410. Bad policies and practice to handle customer support.

    Price
    2/10
    Features
    2/10
    Customer service
    1/10
    Convenience
    2/10
    Trust
    1/10
    Less
    Carmine, Victoria reviewed 4 months ago
  • Overall 4/10
    Customer service needs to be fine tuned.

    The application process is complex and often you get two different outcomes whether it be an application for new or increase.

    Read full review

    The application process is complex and often you get two different outcomes whether it be an application for new or increase.

    Price
    2/10
    Features
    2/10
    Customer service
    0/10
    Convenience
    5/10
    Trust
    5/10
    Less
    Karen, Victoria reviewed 9 months ago
  • Overall 8/10
    Fits my purpose and I cannot complain.

    When I applied for this card they were very helpful and it's easy to check your expenditure and other info online.

    Read full review

    When I applied for this card they were very helpful and it's easy to check your expenditure and other info online.

    Price
    8/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Sharon, Victoria reviewed 9 months ago
  • Overall 10/10
    Great bank

    Great and friendly staff at Cranbourne branch.

    Read full review

    Great and friendly staff at Cranbourne branch.

    Price
    5/10
    Features
    4/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Ruth, Victoria reviewed over 5 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!

    Read full review

    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
    Less
    Mark, Victoria reviewed over 5 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.

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