St.George Vertigo Platinum Credit Card Exclusive Offer

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
  • Only
Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
St.George Vertigo Platinum Credit Card Exclusive Offer
Apply by 28 feb 18
0% p.a. for 24 months on balance transfers with no balance transfer fee. Reverts to cash advance rate.
Low ongoing variable purchase interest rate of 12.74% p.a.
Complimentary insurance for overseas travel for 6 months.
Add to comparison
24 months
0% p.a.
then 21.49%
12.74% p.a.
ongoing
$99
ongoing

Pros & cons

What's good?

What's not so good?

0% p.a. for 24 months on balance transfers with no balance transfer fee. Reverts to cash advance rate.
Low ongoing variable purchase interest rate of 12.74% p.a.
Complimentary insurance for overseas travel for 6 months.
Price Protection insurance and Purchase Protection insurance.
Extended warranty on purchases.
Visa Platinum Concierge Service.
The cash advance rate of 21.49% p.a. is much higher than the low rate on purchases which could hurt if you used the card for cash advances.

Our review

Our review of the St.George Vertigo Platinum Credit Card Exclusive OfferReviewed by Yvonne Taylor

St. George are staying ahead of the competition with the St. George Vertigo Platinum Credit Card Exclusive Offer. How? By not only matching the longest 0% p.a. balance transfer period currently available – 24 months – but by also going one step further in removing the upfront balance transfer fee found on so many competing cards.

24 months at 0% p.a. with no upfront transfer fee is hard to beat

Long zero-interest balance transfer options are usually impaired by an upfront fee of as much as 2% of the transferred amount. This transfer fee reduces the effect of the interest savings, and it also means you have to come up with more cash when you may already be stretched. So St. George’s offer to skip the transfer fee could prove very attractive to balance transfer seekers.

Transfer, for example, $5,000 from your existing 20% p.a. card and save more than $1,900 during the two years the offer lasts. Even if you’re paying only 14% p.a. on your current card, you’ll still save $1,270.

Two balance transfer pitfalls to remember

If you do transfer a balance for this long period, try to avoid feeling too comfortable about it. Balance transfers are best regarded as just a temporary solution. Use the two years’ grace to plan how to repay your debt, because any unpaid debt remaining when the interest-free period is over will attract interest at the cash advance rate of 21.49% p.a..

Also be aware of the forfeiture of interest-free days. Any purchases you make while you have an unpaid balance transfer will not qualify for the 'Up to 55 days on purchases’ normally allowed each month. The best solution is to avoid using your card for purchases until you’ve paid off the transferred balance in full.

Low ongoing purchase interest rate

You won’t find another platinum card (outside the St. George group) with a purchase interest rate as low as this card’s 12.74% p.a. St. George clearly believes that customers needing a low interest rate, for those months when they can’t quite make full repayment, still deserve platinum privileges like complimentary insurance.

So if your income, like your expenses, can vary from month to month, this low interest rate will help you smooth out the bumps in your financial highway and still let you save money on travel insurance.

Extensive suite of insurance policies

Here’s the insurance cover you get, every year:

  • Overseas travel insurance: Emergency medical expenses, luggage and documents cover, unavoidable trip cancellation expenses, transport accident cover and rental vehicle excess. This comprehensive family policy would cost more than $750 a year if you had to buy it. Activate the cover by paying for at least $500 of each trip’s expenses using your card.
  • Domestic flight inconvenience, luggage and rental car excess cover also apply to domestic interstate trips.
  • Shopper’s insurance cover: Card purchases are covered by extended warranty insurance (doubling the manufacturer’s warranty with up to 12 months’ additional cover), price guarantee (price difference refunded if you find it cheaper elsewhere within 21 days) and a longer-than-usual four months’ cover against theft, loss or accidental damage.

Platinum concierge service

A Visa Premium Concierge Service is attached to the card, and offers travel bookings, show tickets, restaurant reservations and other lifestyle services. Consider using the concierge in your hometown as well as when travelling.

How to have your balance transfer and your complimentary insurance

This can be a balance transfer card, a traveller’s card and a low-interest card.

Take up the balance transfer and save a heap of interest, or reduce mortgage interest by putting your balance repayment cash in your mortgage offset account. (Balance transfer card, tick.)

Meanwhile, use another card, or cash, for your purchases, until the balance transfer is paid off. But remember to bring out your St. George card for any items you want to be covered by insurance, especially overseas travel. You can avoid interest charges by transferring cash to your card on the same day to cover these purchases. (Traveller’s card, tick.)

When the introductory offers have expired (and don’t forget that fee-free first year) this will be a card you’ll still want to keep for its ongoing low purchase interest rate. (Low-interest card, tick.)

Provided you don’t care about rewards points, it’s a card that ticks all the boxes.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit rating
Any
Gambling transactions allowed
No
Joint application
Yes
Minimum age
18 years old
Minimum income
$15,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
None
Temporary residents
Yes

Cardholders

Additional cardholders
3
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
$40,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.24 monthsN/A80% of credit limit21.49% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the St.George Vertigo Platinum Credit Card Exclusive Offer at the promotional balance transfer rate from:

  • St.George

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.24 monthsN/A80% of credit limit 21.49% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.79% 21.49% p.a.
Purchases 1.06% 12.74% p.a.

Fees

Annual fee
$99 p.a.
Annual fee 2nd year
N/A
Cash advance fee
2%
Dishonour fee
$9
Duplicate statement fee
$7.50
Foreign exchange fee
3%
Late payment fee
$15
Over limit fee
$0
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$5
Overseas emergency card replacement fee
$52.50
Transaction verification fee
$0

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $15,000 per year
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are allowed
Temporary residents are eligible
Age Pension, Overseas Pension and Widower's Pension are acceptable.
Family Tax Benefits and Parenting Payments is acceptable.
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

Similar cards

More cards like this one

This card is listed in these comparisons

as seen in
Compare these cards: