Bank of Melbourne Vertigo

13.74% p.a.

0% p.a. for 18 months and then 19.49% p.a. (1.00% balance transfer fee)

$55

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Bank of Melbourne Vertigo Review

Rates and fees information correct as at 22 April 2018.

Review published: 25 January 2012

What's hot:

  • 0% p.a balance transfer rate for 18 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 18 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 18 months which could be a helpful feature for anyone wanting to pay off any existing debt. Just bear in mind that there is a 2% balance transfer fee, and if you still have debt left on the card after that 18 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.

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

Product Type Overall Rating Price Features Service Convenience Trust
7.8

Based on 69
Bank of Melbourne credit cards reviews

6.5 6.6 7.6 7.7 7.6

Read Bank of Melbourne credit card reviews by the Mozo community

Latest reviews of Bank of Melbourne Vertigo

Bank of Melbourne

Bank of Melbourne Vertigo credit card review

Overall rating   10 / 10

Great bank

Great and friendly staff at Cranbourne branch.

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 (VIC), reviewed almost 3 years ago

Bank of Melbourne

Bank of Melbourne Vertigo credit card review

Overall rating   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 supportive.

Full review

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

Less

Maka (VIC), reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Vertigo credit card review

Overall rating   8 / 10

Excellent customer service

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.

Full review

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

Less

Debbie (VIC), reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Vertigo credit card review

Overall rating   8 / 10

Phone Internet banking saves time

Likes - convenience -All products with the one bank makes it easier to to manage Dislikes - fees - interest rate on home loan is not the most competitive

Full review

Likes - convenience -All products with the one bank makes it easier to to manage Dislikes - fees - interest rate on home loan is not the most competitive

    Price   6 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Rebecca (VIC), reviewed almost 4 years ago

Bank of Melbourne

Bank of Melbourne Vertigo credit card review

Overall rating   8 / 10

Great people

In the few times that I have needed information, I have had consultants that were very helpful, non-condescending if I was a bit slow in understanding the explanations, and overall friendly. Their attitude was not like some call centres of "here...

Full review

In the few times that I have needed information, I have had consultants that were very helpful, non-condescending if I was a bit slow in understanding the explanations, and overall friendly. Their attitude was not like some call centres of "here we go again". I am happy to stay with this company.

    Price   8 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Marie (VIC), reviewed about 4 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • 13.74% p.a.

  • none

  • 0% p.a. for 18 months and then 19.49% p.a. (1.00% balance transfer fee)

  • yes

  • 19.49% p.a.

  • 55

Fees

  • $55.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $7.50

  • $10.50

  • $0.00

Other financial bits

  • $10.00

  • 2.0

Features

  • 1

  • none

  • none

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.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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