St.George Vertigo Visa

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
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Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
St.George Vertigo Visa
Apply by 18 apr 18
29 reviews
0% p.a. for 18 months on balance transfers. Reverts to cash advance rate. (1% balance transfer fee applies).
Low ongoing variable purchase interest rate of 13.24% p.a.
$0 p.a. annual fee for the first year (save $55).
Add to comparison
18 months
0% p.a.
then 21.49%
with a 1% fee
13.24% p.a.
ongoing
$0
1st year
then $55

Pros & cons

What's good?

What's not so good?

0% p.a. for 18 months on balance transfers. Reverts to cash advance rate. (1% balance transfer fee applies).
$0 p.a. annual fee for the first year (save $55).
Up to 55 days on purchases.
Low ongoing variable 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.
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.
1% balance transfer fee on amounts transferred.

Our review

Our review of the St.George Vertigo VisaReviewed by Yvonne Taylor

Credit card bargain hunters don’t all have the same wishlist. Some are looking for a low ongoing purchase interest rate, while for others a long-lasting zero-interest balance transfer offer may be more important. And for many individuals the one truly important factor is a low (or no) annual fee. But are you out of luck if you are looking for all three 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 purchase interest rate of 13.24% p.a.

Introductory zero interest rate offers are all well and good, but when the deal is about to expire and crunch time comes, you’ll want a card with a low ongoing purchase interest rate. There is more than one reason for this:

  • There may be future occasions when you need a little short-term financial wriggle room, and the low interest rate on purchases 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. or more.

18 months @ 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, 18 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.

There is, unfortunately, a 1% balance transfer fee to pay upfront, and the revert rate interest rate on balances unpaid after 18 months is the much higher cash advance rate of 21.49% p.a.

So plan to pay off the balance within 18 months and avoid the revert rate if you possibly can, to avoid getting into a long-term debt situation.

An opportunity to earn interest for some

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 4% mortgage offset account and save about $309 in mortgage interest. After deducting the $100 balance transfer fee, you would still be better off by $130 in a savings account or $209 in a mortgage offset account.

No interest-free days if you have a balance transfer

If you do take up the balance transfer option, one trap to be aware of is that you will not be able to rely on the normal monthly interest-free days on purchases. Having an unpaid balance transfer means that you will lose your regular interest-free days until it is paid off. Plan to use cash or another card for purchases until the transferred balance is cleared.

No Annual Fee in 1st year

You’re unlikely to find a no or low-fee card which has both a zero-interest balance transfer offer and such a low ongoing purchase interest rate.

That’s the combination you are paying for with this offer of no annual fee in the first year plus a quite low $55 p.a. annual fee ongoing. When the balance transfer offer expires you will be left with a low ongoing interest rate on an extremely functional card with the following important additional features:

  • Up to 55 interest-free 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: secure fingerprint login lets you check the balance of your account quickly, and put a block on your card if you misplace it
  • 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

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 balance transfer offer.
  • 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 acceptance rate 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 29 reviews79% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

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 six 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.

They don't want to do business

Reviewed and not recommended by Mark on 16 Jun 2017

Looked like a great deal to me – filled out the online application, received confirmation that I had been approved subject to providing documentation.

Fair enough. I supplied the requested Tax Notice of Assessment (as supplied direct from the ATO), my last six months’ worth of bank statements (they requested two) and verification of my superannuation income, plus a schedule for extra verification.

I then received a text demanding I call their 1300 number. OK, no problem, I ended up in a call that went around in circles with someone whose first language is clearly not English, and who refused to listen to anything I had to say, merely repeatedly reading out lines about supplying verification of income etc, which I had clearly already done. After wasting my time for 10-15 minutes it became apparent this person was never going to listen to a word I had to say, so I decided to contact via email instead. They never bothered to respond at all.

It’s a blessing in disguise really. I shudder to imagine the level of customer service I would have received if I had actually successfully opened an account with them. There are plenty of poor quality organisations around these days, and they are just another one.

Way better than getting a personal loan

Reviewed and recommended by Michelle on 04 Jul 2016

I applied for this card for a 20 month interest-free balance transfer. I had considered getting a personal loan to consolidate my debt, but after seeing this card and the long interest-free period there didn’t seem to be much point in getting the loan. Love the card and the time period that is given to pay off as well.

Interest and fees that aren't crazy high

Reviewed and recommended by Nadine on 16 Jun 2016

Lower fees and interest than some of the other credit cards, though no rewards offered with this card—it’s best used for day-to-day purchases. This is not a card recommended for overseas travel or if you are after rewards points for usage. I find St.George customer service to be of a good standard and am generally happy with them.

Eating my money

Reviewed and not recommended by Pam on 24 Jun 2016

Always paying more interest. No one could help me with my enquiries. Next time I am looking elsewhere. I thought my own bank could help, but they couldn’t, which was a shame. Look for a credit card that would benefit you. I’m wasting time and money on this 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.

I wish I never had this one

Reviewed and not recommended by Leanne on 28 Jun 2016

I have this card as it was recommended to me as being a low interest card. It is relatively low at 12% p.a., but it isn’t as low as the cards available these days at 9.99% p.a. It doesn’t earn me any frequent flyer points or shopping points and has an annual fee, which other cards don’t have. There isn’t much about this card that I like, except it is a credit card.

Had this card for more than 20 years

Reviewed and not recommended by Ann on 20 Jun 2016

I have had this card for more than 20 years and have been hit with an annual charge of $69 each year. It does not have any rewards on it and has high interest. I am definitely going to go for a card with no annual fee from now on, even if it doesn’t have rewards.

New customer, no issues

Reviewed and recommended by Kris on 20 Sep 2013

We recently signed on with St George and the service that we got when opening the account was very friendly. We joined as they were offering an interest free period, and with a family of 8 that was very appealing to us. It was processed efficiently, we were contact within a timely manner when the card arrived. There were no issues.

Good interest rate, bad customer service

Reviewed and recommended by Richard on 09 Sep 2014

With St.George you have a credit limit which they continually let you go over, often by large amounts, then charge you an over limit fee. When you ring customer service to complain that you want purchases to be declined once you reach your limit, they have no idea what you are talking about. They blame the merchant’s EFTPOS machine and tell you they will tell their manager and, surprise, nothing happens. I will never ring St.George customer service again as I have come across the situation repeatedly and when my card is paid off, I will no longer be a St.George customer. We are given credit limits for a reason as that is what we can afford to pay.

Show 19 more reviews
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.

The basics

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.18 months1%80% 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 Visa at the promotional balance transfer rate from:

  • St.George

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.18 months1%80% 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 1.10% 13.24% p.a.

Fees

Annual fee
$0 p.a.
Annual fee 2nd year
$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
$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, Disability 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.

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