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Vertigo Platinum



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



  • Free Domestic Travel Insurance Available when you use your card to pay for return domestic travel
  • Free International Travel Insurance Available when you spend at least A$500 prepaid travel expenses and have a return overseas travel ticket before leaving Australia
  • Free Supplementary Cards
  • Purchase Protection Cover lasts for 120 days per year
  • Price Guarantee If you purchase personal goods in Australia and then find the same product advertised later in a printed catalogue at a cheaper price within 21 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is more than $75 and less than $300.
  • Extended Warranty
  • Concierge


The Bank of Melbourne Vertigo Platinum card combines a competitive interest rate with platinum-level perks.

Alongside a moderately low variable interest rate, this card comes with a range of complementary insurances: for example, travel insurance, extended warranty and purchase insurance for up to four months. A ‘price guarantee’ is offered, which means that if you use your card to purchase an item only to find it being sold elsewhere for cheaper, you can claim the difference from your lender. You can also add up to three additional cardholders on this card at no extra cost, so long as the cardholders are aged at least 16 and the account isn’t a joint account.

Bank of Melbourne also gives its cardholders access to a 24/7 platinum concierge service. Provided by Visa as a third-party supplier, the service is available for personal tasks such as booking tickets, hiring cars or making restaurant reservations.

  • Moderately low interest rate
  • Complementary insurances
  • Free additional cardholders
  • Moderate annual fee
  • Moderately high rate for cash advances
  • No rewards program

Who is it good for?

If you are budget-conscious and want to keep the amount of interest you pay to a minimum, the Bank of Melbourne Vertigo Platinum card may be a good fit. Those who are diligent at paying their credit card bill within a certain time frame will benefit from the interest-free period on offer. On the other hand, if you choose to roll your credit over each month, the moderately low interest rate can help you keep your repayments at a manageable level.

This card may also appeal to those who want access to some platinum benefits – for example, complementary travel insurance, purchase insurance and a 24/7 concierge service – but aren’t interested in joining a frequent flyer or rewards program (or incurring the high annual fee that can sometimes come with one). 

What RateCity says

The Bank of Melbourne Vertigo Platinum card offers a moderately low interest rate, complementary insurance, concierge service and additional cardholders at no extra cost.

Bank of Melbourne is a local bank with branches only in Victoria – a potential downside if you prefer to bank in-person and live in another state. On the other hand, the lender has a comprehensive digital offering. Mobile banking, contactless payments and cardless cash can make everyday banking more convenient, while automatic repayment plans and apps that track your spending can help you stay on top of that credit card balance.

This card has several fees to watch out for, such as a moderate annual fee, late payment fee and card replacement fee, which increases if the situation requires urgent attention. Cash advances also attract a much higher interest rate, which is worth keeping in mind if this is an option you are likely to use.


To be eligible for the Bank of Melbourne Vertigo Platinum card, you must be 18 years old or over (or 16 years and over for additional cardholders) and an Australian citizen or permanent resident. Applications can be done securely online; just make sure you have your ID documents, salary information and records of your expenses handy. For more information on this product’s serviceability criteria, see the Bank of Melbourne website.

About Bank of Melbourne

Bank of Melbourne is a locally based bank with branches spread across Victoria. A subsidiary of the Westpac Group, it offers a range of digital features such as cardless cash, contactless payment, face ID log on, mobile banking and SMS alerts. Phone banking assistance is also available to customers 24/7. Bank of Melbourne makes investments into the local Victorian community through various initiatives, such as the Bank of Melbourne Neighbourhood fund.

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