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St.George Vertigo Visa

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
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card features
balance transfer
purchase rate
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St.George Vertigo Visa
APPLY BY 01 may 17
26 reviews
0% p.a. for 12 months on balance transfers.
Cheap ongoing purchase interest rate of 13.24% p.a.
Up to 55 days on purchases.
Add to comparison
12 months
0% p.a.
then 13.24%
6 months
0% p.a.
then 13.24%
$55
ongoing

Pros & cons

What's good?

What's not so good?

0% p.a. for 12 months on balance transfers.
No balance transfer fee.
Up to 55 days on purchases.
0% p.a. intro rate on purchases for 6 months
Cheap ongoing purchase interest rate of 13.24% p.a.
Pay faster using Visa payWave for purchases under $100.
Know if your application is successful or not in 60 seconds.
No rewards programs or points earning.
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.

Review

Our review of the St.George Vertigo Visa

Credit card bargain hunters don’t all have the same wishlist. Some are looking for a low ongoing purchases interest rate, while for others a long-lasting zero-interest balance transfer offer may be more important. Another prospective cardholder may be chasing a low-interest introductory offer on purchases, and for many individuals the one truly important factor is a low annual fee. But are you out of luck if you are looking for all four of these cost-effective features? No, you are not, because the St.George Vertigo Visa combines all of these desirable components in a single card.

Low ongoing purchases interest rate of 13.24% p.a.

Introductory low- or zero-interest-rate offers are all well and good (and this card has two of them) but when the deals are about to expire and crunch time comes, you’ll want a card with a low ongoing purchase interest rate. There are several reasons for this:

  • You may have been tempted to overspend during the introductory purchase interest rate period, and now can’t come up with all of the cash required to clear the balance. A rate of 13.24% p.a. is going to hurt a whole lot less than the 20% p.a. or more charged by some other cards.
  • You may also have taken up an introductory offer on a balance transfer, which also has to be repaid eventually in order to avoid punitive interest. Fortunately, the balance transfer revert rate for this card is the low ongoing 13.24% p.a. purchase rate, not the much less attractive cash advance rate (a high 21.49% in this case) which is applied to unpaid balance transfers by some cards.
  • There may be future occasions when you need a little short-term financial wriggle room, and once again the low purchases interest rate allows you to pay less interest than you would on many other cards.
  • If you forget to pay off your purchases balance, or unintentionally miss the due date by only a few days, you could end up forfeiting your regular monthly interest-free days for two months. This is unpleasant, but not as disagreeable as it would be if you were paying 20% p.a. on purchases.

12 months at 0% p.a. on balance transfers

You can also transfer balances to this card from up to four credit or store cards not issued by St.George Bank or its two associated banks, BankSA and Bank of Melbourne. If you have an existing debt problem, eighteen months will give you time to get your finances sorted out and accumulate enough spare cash to pay off the balance before you have to start paying the revert interest rate.

Since the revert rate—13.24% p.a.—is relatively low for a credit card, if you don’t quite manage to pay off all of the balance in 12 months, you won’t be in a situation quite as bad as you would be if the revert rate was 20%. But don’t be deceived: 13.24% p.a. could still make your debt spiral out of control again, so plan to pay off the balance and avoid the revert rate if you possibly can.

If your financial life is already under control, you can actually earn a little money out of this deal, or reduce your mortgage interest. Transfer a balance of $5,000 and put it on deposit at 3% to earn around $230 in interest. Or put the same amount in a 5% mortgage offset account and save about $390 in mortgage interest. There’s no balance transfer fee to pay, so you are immediately $100 better off than you would be if there was a typical 2% fee attached.

Introductory offer on purchases: 0% p.a. for 6 months

It has to be admitted that 0% p.a. for 6 months on purchases is not exactly a huge carrot, able to make this card truly tempting, but it could just sway your decision in its favour when compared with a card without any kind of introductory purchase offer.

There’s a 2% point margin between the interest rate you will have to pay and the interest you will earn, if you don’t clear your balance each month and put the cash in a 3% p.a. savings account instead. If you spent $1,000 per month for four months, you’d pay about $8.25 in credit card interest and earn about $25 by depositing $1,000 each month in a savings account. A profit of $16.75 is hardly worth the effort, but if your monthly purchase amounts are much larger it could certainly be worthwhile.

If you also take up the balance transfer option, one trap to be aware of is that at the end of four months you will not be able to start relying on the normal monthly interest-free days on your credit card account. Having an unpaid balance transfer means that you will lose your regular interest-free days until it is paid off. Diarise the purchase offer’s expiry date, and then stop using the card for purchases until the transferred balance is cleared.

Low $55 p.a. annual fee

While it’s certainly true that there are a few credit cards with no annual fee at all, you’re unlikely to find a no-fee card which has both balance transfer and purchase introductory offers and a low ongoing purchase interest rate.

That’s the combination you are paying for with this quite low $55 p.a. annual fee. When the introductory offers expire you will be left with a low ongoing interest rate on an extremely functional card with the following important additional features:

  • Up to 55 days on purchases every month, provided you don’t have any kind of unpaid overdue balance
  • One supplementary cardholder at no extra cost
  • Visa payWave for speedy contactless transactions under $100
  • St.George Mobile Banking app—check the balance of your account quickly without having to log in
  • Verified by Visa, a system of one-time passwords delivered by SMS for extra security when shopping online
  • 24/7 fraud monitoring to detect suspicious purchase transactions

Take a look at similar cards

Before you decide, what can you expect from St.George Vertigo Visa’s low-interest-rate rivals? Here are the most competitive ones:

  • ME frank Credit Card: – ongoing on purchases. No introductory offers. $0 p.a. annual fee.
  • Coles Low Rate MasterCard: 12.99% p.a. ongoing on purchases. No introductory offers. Loyalty points. $49 p.a. annual fee.
  • The American Express Essential Credit Card: 14.99% p.a. ongoing on purchases. Balance transfer 12 months at 0% p.a. $50 first purchase bonus. Free shoppers’ insurance. Loyalty points. $0 p.a. annual fee.

All of these cards have their own merits, but may not necessarily be the right card to suit your exact circumstances.

The St.George Vertigo Visa could be the perfect card for…

  • someone who may occasionally fail to pay off their purchase balance on time, and therefore needs a low ongoing purchase interest rate (but for likely longer-term debt, look for an even lower rate).
  • someone who does not intend to use the card for cash advances, and can therefore avoid the high 21.49% p.a. cash advance interest rate.
  • someone with existing balances they are struggling to pay off, on one or more credit cards.
  • someone with their finances in order, who wants to earn a little interest through the introductory offers.
  • someone more interested in a basic, functional credit card than in rewards points or insurance they may never use.
  • someone who only wants to carry one card, and therefore needs to avoid the lower acceptability and possible surcharges that come with an American Express card.

If you can say ‘Yes’ to more than half the above points, the St.George Vertigo Visa may be the most appropriate card for your personal situation.

User reviews

3.3 out of 5.0 based on 26 reviews81% of reviewers would recommend this card.

Rates and fees
Rewards
Customer service
Convenience
Trust
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

Cheap and cheerful

Reviewed and recommended by Kate on 08 Dec 2016

I’ve had this card for a few years now. This is a great card with a low interest rate. The fees are also very reasonable.

The mobile banking app is very user-friendly and easy to navigate.

It’s rare that I actually have to phone customer service. However, when I do the CS team is always great and easily accessed.

Sixteen years of great service and offers

Reviewed and recommended by Carmen on 01 Dec 2016

I have been a customer of St George for 16 years and can attest to great service and great offers. They’ve even contacted me to change my account so I got less fees. I have used this card for many years as well, with no issues, low fees and reliability.

Great rates and flexible options

Reviewed and recommended by Mitchell on 29 Nov 2016

I was in the market for a new Visa card, and St George offered great rates and flexible options. I went into one of their Brisbane stores and the customer service was exceptional. I made a few purchases with my new card and everything was so easy and enjoyable. I love my new St George Vertigo Visa Card.

Reliable and easy to use

Reviewed and recommended by Daniel on 24 Oct 2016

An easy to use credit card, reliable company, and high standards. I enjoy the use of online services and options to use them on many devices. I would and have recommended it to friends and family.

I would like greater rewards and loyalty to be given as part of having multiple cards under St George accounts.

Low fees, very convenient, great service

Reviewed and recommended by Pippa on 21 Oct 2016

While on holiday in Thailand, the unthinkable happened. I fractured my ankle. I was coming down a waterslide at speed and when I turned the final corner I noticed a man sitting at the end of the slide, doing none other than taking a selfie. My foot slammed right into his back. I’m still in a moon boot 6 weeks later and will be for another month. The thing is, we were on an all-inclusive holiday, I brought no cash, so when it came to paying for pain relief and ankle supports, I turned to my credit card. I was confident using it overseas because I’d easily informed St George before I left that I’d be in Thailand, plus it has a low conversion rate. This is just one situation (probably the most memorable) where I would have been lost without my credit card.

Interest-free period

Reviewed and recommended by Glenyss on 20 Sep 2016

I took this on to pay off another credit card for the interest-free period only, and never used the card, just paid it off. I was pleased to have 18 months to pay it off, and without the interest it certainly took a chunk off the balance. Easy as, and online banking makes it so much more accessible to pay off.

Overall it works well

Reviewed and recommended by David on 20 Sep 2016

I got this card a while ago when I went overseas. Overall I have no issues with it. I have found that it is accepted in all places I have tried to use it, here and abroad.

I have it linked to my general account, so there are no issues paying it off.

Service from staff in a branch I use has always been great.

I love this credit card

Reviewed and recommended by Christina on 18 Sep 2016

I love this credit card. I love St George. It does not have a rewards element but is lower on Interest which is a great thing.

St George is my favourite bank in my whole life of banking and they have been super helpful in every aspect of my banking needs. I have all cards attached to online banking and it is so easy to transfer payments straight to my card, with no mucking around!

I would recommend it if you are after a good, all-purpose credit card and if you are not after a reward program.

Helped me maintain family budget

Reviewed and recommended by Aliecia on 16 Sep 2016

By getting this card I was able to maintain our family budget and deal with unexpected costs without the stress of trying to find the funds.

Its low interest rate means that there are no nasty surprises each month when the statement arrives.

With a young child comes lots of expenses, and having the card meant i could make sure my child has never gone with out something he desperately needs.

The best card for savings

Reviewed and recommended by Tammy on 16 Sep 2016

It is the best as it has low interest and it has great rewards. It can save you a lot of interest. I have saved about a thousand dollars on interest with this card so I would recommend it to everyone. Please use this card — the best interest and low transfer fees.

Show 16 more reviews

Basic details

About this card

Card setup
Single
Card tier
Standard
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
1
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$1,000
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.12 months0%95% of credit limit13.24% 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
95% 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 Visa at the promotional balance transfer rate from:

  • Bank of Melbourne
  • Bank SA
  • St.George
  • Westpac

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months0%95% of credit limit 13.24% p.a.
Purchases0% p.a.6 monthsN/AN/A 13.24% p.a.

Ongoing interest rates

MonthlyAnnually
Cash advances 1.79% 21.49% p.a.
Purchases 1.10% 13.24% p.a.

Fees

Annual fee
$55 p.a.
Cash advance fee
2%
Dishonour fee
$9
Duplicate statement fee
$7.50
Foreign exchange fee
3%
Late payment fee
$15
Over limit fee
$15
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$5
Overseas emergency card replacement fee
$52.50
Transaction verification fee
$10.50

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, Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are acceptable.
Austudy, Carer's Allowance, Child Support Payments, Family Tax Benefits and Parenting Payments and Foster Care Allowance are acceptable.
Youth Allowance is not 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.

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