Thumbnail icon for Bank of Melbourne

Bank of Melbourne Vertigo

Purchase rate
13.99% p.a.
Balance transfer rate
0% p.a. for 18 months and then 21.49% p.a.
Annual fees
$55
Interest free days on purchases
55

Mozo editorial review Bank of Melbourne Vertigo

Last updated: 4 October 2019.

binocular icon
What's hot
  • 0% p.a balance transfer rate for 18 months
  • $55 annual fee
  • Low 13.99% purchase rate
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 18 months, the Vertigo card could be a great option for anyone wanting to reduce their debt, plus with a low 13.99% purchase rate and a $55 annual fee.

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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 if you still have debt left on the card after that 16 month period, the balance will revert to the purchase rate of 13.99%.

The card also has an ongoing purchase rate of just 13.99% (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.

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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 29 May 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.

  • none

  • 0% p.a. for 18 months and then 21.49% p.a.

  • yes

  • 21.49% 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

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

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

Overall customer rating
7.5/10
Price
6.8/10
Features
6.4/10
Customer service
7.5/10
Convenience
7.6/10
Trust
7.6/10

Latest reviews of Bank of Melbourne Vertigo

  • 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 4 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 4 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 about 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
  • 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 supportive.

    Read 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, 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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