BankSA Vertigo Credit Card

Offers 0% interest on balance transfers for 30 months and no annual fee in the first year, with a $55 annual fee after that.

The BankSA Vertigo is a low rate credit card, charging a variable 13.99% p.a. interest rate for new purchases. If you want to pay down existing credit card debt, the long balance transfer offer on this card gives you 30 months to do it interest-free. To get this offer, you need to apply by 30 November 2021 and include details of your balance transfer as part of the application.

But at the end of the introductory period, a high 21.49% p.a. interest rate applies to any balance transfer debt you’re still paying off. So if you’re not sure how long it will take to pay down your balance, you can use a repayment calculator to work it out before deciding if this offer is right for you.

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Amy Bradney-George

Last Updated Aug 3, 2021

0% p.a.

Balance transfer rate

for 30 months

13.99% p.a.

Purchase rate

$0 p.a.

Annual fee

for the first year ($55 p.a. thereafter)

55 days

Interest free period

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Details

Product Name	BankSA Vertigo
Balance transfer rate	0% p.a. for 30 months
Balance transfer revert rate	Cash Advance Rate (21.49% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	13.99% p.a.
Annual fee	$0 annual fee for the first year ($55 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.49% p.a.
Min credit limit	$500
Max credit limit	$80,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	Yes - Conditions apply

Pros

0% p.a. for 30 months on balance transfers with no BT fee
$0 annual fee for the first year
Competitive purchase interest rate of 13.99% p.a.
Additional cardholder at no extra cost

Cons

Classic 'no-frills' credit card with no perks or rewards
Balance transfer rate reverts to high 21.49% p.a. cash advance rate at the end of the promotional period

Bonus points	N/A

Annual fee	$0 annual fee for the first year ($55 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2% or $2.50, whichever is greater
Additional cardholder fee	$0
Number of additional cardholders	1

Go to BankSA's site More info

Review by

Amy Bradney-George

[email protected]

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The BankSA Vertigo Credit Card gives you a mix of low-cost and everyday features, including a long-term 0% balance transfer offer. If you want to pay off existing card debt, getting a balance transfer to this card can help you save on interest charges for 30 months, as long as you apply by 30 November 2021. But take note that any balance transfer debt left at the end of the introductory period will attract the variable cash advance interest rate.

If you're looking for a card you can use to save on costs, the BankSA Vertigo Card also offers a $0 annual fee for the first year, plus it comes with a 13.99% interest rate on purchases that's competitive with other low rate credit cards. For the tech-savvy, you can also use this card to make contactless payments with Google Pay, Apple Pay and Samsung Pay.

How to apply

You can apply for the BankSA Vertigo Credit Card online in around 10 minutes. To get started, read through the following eligibility requirements and make sure you have all the details and documents you need to complete the application.

Eligibility criteria

Balance transfer debt. If you want to take advantage of a balance transfer promotion, BankSA allows you to transfer from $200 up to 80% of your approved credit limit from up to 3 non-BankSA, Bank of Melbourne or St.George Australian-issued credit, charge or store cards.
Residency. To apply online, you must be an Australian citizen or permanent resident.

Age. You must be at least 18 years old to apply.
New cardholder. The balance transfer offer is only available when you apply for the BankSA Vertigo credit card as a new cardholder before 30 November 2021.

Required documents

Personal details. This includes your full name, email address, contact number, residential address, relationship status and number of dependents. You also need to provide valid ID, such as your driver's licence number, passport number and Medicare card number.
Employment details. As well as your salary, you need to provide details such as your job title, length of employment and your employer's contact details. If you're self-employed, you may need to provide your accountant's contact details. You may also need to provide supporting documents, such as recent payslips, tax assessment notices or bank statements.
Financial details. This includes any other forms of income, such as government payments or pensions, as well as your savings and other assets. You also need to share details of your existing cards, loans and debts, and estimate your share of regular household expenses such as rent, bills and groceries.
Balance transfer details. The balance transfer offer on this card is only available if you include your request as part of the application. This means you need to provide details of the amount of debt you want to transfer, as well as the account name, number and the provider's BSB.

Go to BankSA's site More info

Card benefits

0% p.a. for 30 months on balance transfers. Apply for the BankSA Vertigo by 30 November 2021 and request a balance transfer at the time of your application to take advantage of this offer. There is no balance transfer fee with this offer. At the end of the introductory period, any remaining balance transfer debt will be charged interest at the variable cash advance rate, currently 21.49% p.a.
$0 annual fee in the first year. Apply and get approved for a BankSA Vertigo Classic card by 30 November 2021 to enjoy a $0 annual fee for the first year. After that, a $55 annual fee applies for each year you have this card.

Interest-free period. You will receive up to 55 days interest-free on new purchases when you pay your full monthly payment balance listed on your statement by the due date. Note that these interest-free days are separate from any longer-term interest rate promotions and the monthly payment balance excludes current balance transfers.
Visa offers. Get access to exclusive travel, entertainment and shopping offers listed on the Visa and Visa Entertainment websites.
Contactless payments. Make tap and go payments straight from your phone or other compatible Android, Apple or Samsung device by adding this card to your Google Pay, Apple Pay or Samsung Pay wallet.

Rates & fees

Annual fee. Outside of any promotions, the BankSA Vertigo card charges an annual fee of $55.
Purchase interest rate. This card offers a variable interest rate of 13.99% on purchases which is 5.95% lower than the average standard variable rate for credit cards in Australia.

Cash advance rate. A variable interest rate of 21.49% p.a. applies if you make a cash advance transaction or you have debt remaining from a balance transfer at the end of the introductory balance transfer period.
Cash advance fee. A fee of 2% or $2.50 (whichever is greater, capped at $150 per transaction), applies when you use this card to withdraw cash or for any other cash advance transactions.
Foreign currency conversion fee. If you use this card overseas or online with a retailer that's based overseas, you will be charged a fee worth 3% of the transaction value.

Go to BankSA's site More info

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33 Comments

Paul
August 21, 2017

Hi, Want to know if my wife and I have the balance transfer on up to 3 cards, one in my name and two in hers? eg joint application.?? No where to add second person in application?? Cheers Paul

Maria
August 22, 2017

Hi, Paul!

Thank you for reaching out to us.

It’s possible under some circumstances and it would be best to check directly with the card issuer to know your chances of approval.

You may find useful information on our page about doing a balance transfer with joint primary cardholders.

I hope this helps.

Cheers!
Maria

Helen
July 24, 2017

Hi there, can a Queenslander apply for the BankSA Vertigo Visa Credit Card with 0% p.a. on balance transfers for 18 months and $0 first year annual fee 0% p.a. on balance transfers for 18 months and $0 first year annual fee?

Thanks
Helen

finder Customer Care

Rench
July 27, 2017

Hi Helen,

Thank you for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.

Yes, you are eligible for applying for BankSA Vertigo Visa based on your location. You may click on the ‘Go to Site’ button’ to submit an online application.

Cheers,
Rench

Jo
July 1, 2017

Upon transfer of cc balance, will Bank of SA close my other cc account from another provider? Thanks.

Jonathan
July 1, 2017

Hi Jo!

You need to contact the other provider if you wish to close it as it does not happen automatically.

Hope this helps.

Cheers,
Jonathan

Tom
June 3, 2017

Is this offer only available to SA and NT residents or is it available to all Australian residents?

Jonathan
June 3, 2017

Hi Tom!

Thanks for your inquiry.

Please be informed that this offer is not limited to NT or SA residents only. Kindly review the eligibility requirements and if you’re fine with them, you can click “Go to Site” green button to proceed with your application.

Hope this clarifies.

Cheers,
Jonathan

Gwenda
November 21, 2016

Can I transfer a balance from Virgin money and St.George to Bank of South Aust.

finder Customer Care

May
November 21, 2016

Hi Gwenda,

Thanks for your question.

Unfortunately, a balance transfer from a St. George credit card to any BankSA credit card is not allowed. However, you can request a BT from your Virgin Money credit card to BankSA Vertigo Visa so long that you meet the eligibility criteria and requirements of the BankSA credit card. Also when conducting a balance transfer, it’s best to remember these two conditions:

1. You can’t transfer a balance to a credit card that is also underwritten by the same institution – for your reference, please read our balance transfer criteria guide to know which banks you can balance transfer to and from.

2. The total amount you can transfer should not exceed the credit limit you’re approved for the new card.

Hope this has helped.

Cheers,
May

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