Bank of Melbourne Vertigo Credit Card: Low Rates, Cashback & Balance Transfer Options – Black Cash

Bank of Melbourne Vertigo Credit Card: Low Rates, Cashback & Balance Transfer Options

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The Bank of Melbourne Vertigo Credit Card is a compelling option for those seeking a low-interest rate card with attractive introductory offers. Here’s a comprehensive breakdown of its features, rewards, and user experience:

Features and Services:

  • Competitive purchase rate: Enjoy a low ongoing purchase interest rate of 13.99% p.a.
  • Balance transfer offer (limited time): Transfer existing credit card balances for a 0% interest rate for a lengthy 28 months (a 1% balance transfer fee applies).
  • Up to $400 Cashback Offer (limited time): Earn 10% cashback on supermarket and petrol spending at selected locations, up to a total of $400.
  • 55 days interest-free on purchases: Make purchases and avoid interest charges if you pay your statement balance in full by the due date.
  • ShopBack rewards: Earn additional cashback through Bank of Melbourne’s partnership with ShopBack.
  • Free additional cardholder: Share the card’s benefits with a family member at no extra cost.

Reward Policy:

  • Cashback offer: This card currently boasts a limited-time offer of 10% cashback on supermarket and petrol spending at select locations, capped at $400.
  • ShopBack rewards: Partner with ShopBack to earn additional cashback percentages on various purchases.

Reviews:

Reviews for the Bank of Melbourne Vertigo Credit Card highlight its competitive purchase rate, attractive introductory balance transfer offer, and the convenience of 55 days interest-free on purchases. However, some users may find the annual fee of $55 to be a deterrent.

Safety Measures:

The Bank of Melbourne prioritizes cardholder security. They offer features like:

  • 24/7 fraud monitoring: Get alerted to suspicious activity on your account.
  • Verified by Visa: Add an extra layer of security for online transactions.
  • Lost and stolen card reporting: Quickly deactivate your card if it’s lost or stolen.

Mobile and Internet Banking:

Manage your Vertigo Credit Card conveniently through the Bank of Melbourne’s mobile app and internet banking platform. Features include:

  • View your account balance and transaction history.
  • Make payments towards your credit card balance.
  • Set up automatic payments.
  • Access account statements.

Credit Card Application Criteria:

To be eligible for the Bank of Melbourne Vertigo Credit Card, you’ll need to meet the bank’s standard credit card application criteria, which typically include:

  • Being at least 18 years of age.
  • Being an Australian citizen or permanent resident.
  • Having a good credit history.

For the most up-to-date information and to apply online, visit the Bank of Melbourne website:

FAQs:

  • What is the annual fee for the Vertigo Credit Card? The annual fee is currently $55.
  • Is there a minimum income requirement to apply? The Bank of Melbourne doesn’t disclose a specific minimum income requirement, but a good credit history is generally needed for approval.
  • How long does it take to get approved for the Vertigo Credit Card? Processing times can vary, but a decision is typically reached within a few days.

Conclusion:

The Bank of Melbourne Vertigo Credit Card offers a well-rounded package with a competitive purchase rate, a lengthy 0% balance transfer offer (for a limited time), and cashback opportunities. Consider this card if you’re looking for a low-interest option for everyday purchases and want to manage your debt with a favorable introductory balance transfer period.

TAGS:

  • Low interest credit card Australia
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  • Bank of Melbourne credit card
  • Credit card for groceries Australia

Note: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consider your financial situation before applying for any credit card.