Is the BankSA Vertigo Credit Card Right for You? Low Rates, High Rewards

When it comes to managing finances, Australians are always on the lookout for ways to save a few extra bucks. With the BankSA Vertigo Credit Card, Aussies get a mix of low rates, cash-back offers, and solid everyday benefits. But is it worth adding to your wallet? In this review, we’ll break down the ins and outs of the Vertigo Card – from benefits and fees to application tips – so you can decide if it’s the best fit for your financial needs.

Why the BankSA Vertigo Credit Card Stands Out

BankSA’s Vertigo Credit Card is designed to be a budget-friendly option with one of the lowest interest rates in Australia. This card is especially popular among Aussies looking to minimise interest while still enjoying the perks of a credit card.

Benefits & Key Features

• Low Interest Rate on Purchases: The Vertigo Card boasts a competitive annual purchase rate of 13.99%, making it one of the best options for Aussies who carry a balance month-to-month.
• Extended Interest-Free Period: Cardholders can take advantage of up to 55 days interest-free on purchases, provided the balance is paid off in full by the due date.
• Cashback Offers on Groceries and Fuel: Get up to 10% cashback on select spending categories, such as grocery and petrol, capped at $500 cashback per annum. This is a top perk for those who regularly fill up at the pump or stock up on groceries.
• 0% Interest on Balance Transfers: For the first 24 months, enjoy 0% interest on balance transfers if you apply during the application process. A small transfer fee of 1% applies.
• Access to ShopBack Deals: Link your Vertigo Card to the ShopBack app and earn additional cashback when you shop through the platform.

Is This the Right Card for You?

The Vertigo Card is ideal for Australians who:

• Want a low-cost credit card: With its low purchase rate, this card is a favourite among budget-conscious Aussies.
• Carry a balance: If you sometimes don’t pay off your card in full, the lower interest rate could mean less added cost.
• Prefer a straightforward rewards structure: There are no confusing points systems – just simple cashback in popular spending categories.

But if you’re after luxury perks like lounge access or travel insurance, you may find the Vertigo a tad too basic.

What to Consider Before Applying

While the Vertigo Card offers great savings, it’s important to consider the following:

• Annual Fee: The card comes with a $55 annual fee, which is reasonable but still a factor to consider.
• Cash Advance Fees: Cash advances come with a higher interest rate and additional fees, so it’s best to avoid using your credit card for cash.
• Eligibility: To be eligible, applicants must be at least 18 years old, have a good credit history, and meet BankSA’s minimum income requirements.

BankSA Vertigo Credit Card Fees and Rates

Understanding the costs is crucial when choosing a credit card. Here’s a quick breakdown:

• Annual Fee: $55
• Purchase Rate: 13.99% p.a. (variable)
• Cash Advance Rate: Higher than purchase rate – avoid cash advances unless necessary
• Balance Transfer Rate: 0% for the first 24 months (1% fee applies)

Note: Rates are subject to change, so check the BankSA website for the most up-to-date information.

How to Apply for the BankSA Vertigo Credit Card

Applying for the Vertigo Card is easy and can be done online or through the BankSA mobile app.

Step-by-Step Application Guide for New Customers (Website)

• Visit the BankSA Website: Go to the Vertigo Credit Card page.

1. Select Your Offer: You’ll see two primary options:
   • Cashback Offer: Receive up to $500 cashback on eligible supermarket and petrol station purchases. You’ll earn 10% cashback on select spending (up to a total of $500).
   • Balance Transfer Offer: Transfer your existing credit card balance to the Vertigo Card at a 0% interest rate for 24 months, with a 1% transfer fee. (Note: A variable cash advance rate will apply after the 24-month promotional period.)
2. Click “Apply Now”: After choosing your preferred offer, click “Apply Now” to access the application form.
3. Enter Personal Details: Fill in your personal, financial, and employment details. Ensure accuracy to avoid delays.
4. Submit Application: Review all information and submit your application. BankSA will send a confirmation email with details on the next steps.

Step-by-Step Application Guide for Existing BankSA Customers

For Existing BankSA Customers Using the Mobile App:

1. Open the BankSA App: Log in to your account.
2. Navigate to Products: At the bottom of the screen, tap on Products.
3. Select Credit Cards: Tap on Credit Cards and choose the Vertigo Card.
4. Choose Your Offer: Select either the cashback offer or the balance transfer offer, depending on your preference.
5. Tap “Apply Now”: Complete the application by following the on-screen instructions.

For Existing BankSA Customers Using Internet Banking:

• Log in to Internet Banking: Access your BankSA Internet Banking account.

• Go to Products, Tools and Calculators: From the main menu, select Products, Tools and Calculators.
• Select Credit Cards: Choose the Credit Cards section and click on the Vertigo Card.
• Choose Your Offer: Select your preferred offer (cashback or balance transfer).
• Click “Apply Now”: Follow the instructions to complete your application.

BankSA Customer Support and Contact Information

Need help or have questions about the Vertigo Credit Card? Here’s how you can reach out to BankSA:

• Customer Service: 13 13 76 (8 am to 8 pm, Monday to Saturday)
• International Calls: +61 2 9155 7800
• Lost or Stolen Card: 1800 028 208 (24/7 support)
• Mailing Address: BankSA, GPO Box 399, Adelaide SA 5001

Frequently Asked Questions

1. What credit limit does the BankSA Vertigo Credit Card offer?

The minimum credit limit starts at $500. Your exact limit will depend on your income, credit history, and overall financial situation.

2. Does the Vertigo Credit Card offer travel insurance?

No, the Vertigo Credit Card doesn’t come with travel insurance. If you’re after a card with travel perks, BankSA has other options available.

3. Can I use my Vertigo Card overseas?

Yes, you can use it overseas, but be aware of foreign transaction fees. For international purchases, a standard foreign exchange fee applies.

4. Is the Vertigo Card suitable for balance transfers?

Absolutely. With 0% interest on balance transfers for the first 24 months, the Vertigo is a great choice for Aussies looking to pay down existing debt.

5. How do I earn cashback on my Vertigo Card?

Cashback is earned automatically when you make qualifying purchases in eligible categories, such as groceries and fuel.

Final Thoughts on the BankSA Vertigo Credit Card

The BankSA Vertigo Credit Card is an excellent choice for Australians looking to save on interest while earning a bit of cashback on the side. With low rates and straightforward rewards, it’s a solid option for those who want a credit card that focuses on practicality rather than luxury perks. Perfect for the budget-conscious Aussie who values simplicity and cost-effectiveness!