BankSA Vertigo – Cashback Offer

The BankSA Vertigo offers a competitive $300 cashback and $0 annual fee in the first year, plus basic and low-cost features.

The BankSA Vertigo is a low rate credit card, with a variable 13.99% p.a. interest rate on purchases and a $55 annual fee that’s waived in the first year with this offer.

If you’re a new customer, you’ll also get extra value with $300 cashback on your account when you apply by 30 November 2021 and spend $4,000 on eligible purchases in the first 120 days.

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Amy Bradney-George

Last Updated Jul 15, 2021

6.99% p.a.

Balance transfer rate

for 12 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 - Cashback Offer
Balance transfer rate	6.99% p.a. for 12 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

$300 cashback offer
$0 annual fee for the first year
Competitive purchase interest rate of 13.99% p.a.
Additional cardholder at no extra cost

Cons

No rewards program
Does not offer travel perks or insurance covers

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

If you're looking for a card you can use to save on costs, the BankSA Vertigo card 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.

It also has an introductory offer that can get you $300 back on your account if you are a new cardholder and meet the minimum spend requirements.

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

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 cashback offer is only available when you apply for the BankSA Vertigo credit card as a new cardholder before 30 November 2021.
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.

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, 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

$300 cashback. You'll get $300 back to your new BankSA Vertigo card when you apply by 30 November 2021, are approved and spend $4,000 on eligible purchases within the first 120 days from card approval. Eligible spending covers most everyday purchases. Transactions that won't count towards this spend requirement include BPAY payments, cash advance transactions, government charges, balance transfers and account fees and charges. The $300 will be added as a statement credit on your Vertigo account within 60 days of meeting the offer requirements.
$0 annual fee in the first year. The annual fee is waived for the first year when you apply and get approved for this card by 30 November 2021. After the first year, the $55 annual fee applies.

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.
Balance transfer offer. Save on interest costs when paying off existing debt with 6.99% p.a. balance transfer offer for up to 12 months with no balance transfer fee. 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.
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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BankSA Vertigo – Cashback Offer