Card Features
Card Issuer
Bank of MelbourneVertigo MasterCard
Bank of Melbourne's Vertigo MasterCard offers a generous introductory balance transfers for customers of other institutions to transfer an existing balance over. The card features a reasonably low standard purchase rate and up to 55 days interest free on purchases and emergency card replacement facility.
Rates & Fees
| Interest Rate | Balance Transfer | Annual Rate | Interest Free |
|---|---|---|---|
| 13.24%p.a. | 0.99%6 months | $55 | 55 days |
Key Features
- Low standard purchase rate
- Up to 55 days interest free on purchases
Pros & Cons
Pros
- Balance transfer rate of 0.99% p.a. for the first 6 months
- Low purchase rate of 13.24% p.a.
- Reasonable annual fee
Cons
- High cash advance rate
Review
Editors Review
A very generous balance transfer offer from Bank of Melbourne explaining the limited time only. This is a good value card for every day useage with a fairly low annual fee and 55 interest free shopping days if you pay your balance off on time
Similar Cards
| Product Name | Purchases | Balance Transfer | Annual Fee | |
|---|---|---|---|---|
|
|
0%p.a | 0%6 months | $99 |
|
|
1.90%p.a | 3.99%6 months | $45 |
Application Criteria
- You must be at least 18 Years of Age
- You must have a Good Credit History
- You must be Permanent Resident or Australian Citizen
- You must earn a Minimum Income of $15,000
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TweetTerms and Conditions
Please read these documents and keep a copy. You can request a paper copy at a branch.
1. The balance transfer rate is available to you when you apply for a new Bank of Melbourne credit card and request an application to transfer a balance from Australian issued credit or store cards other than Bank of Melbourne, St.George and BankSA, credit cards. Subsequent balance transfers that are requested after the balance transfer period above will be charged at the standard variable purchase rate. Payments made to your credit card account will be applied as set out in the Credit Card Conditions of Use. After the stated special promotion period any outstanding balance transfer amount will attract your card's standard variable purchase rate. You can apply to transfer $200 or more, up to 95% of your new Bank of Melbourne credit card available limit.
2. Interest free period does not apply to cash advances or any purchases while an amount that has been debited as a result of a balance transfer remains unpaid.
MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard Incorporated.