Balance Transfer6.99% p.a. for 12 months on balance transfers
- Last updated on 05 Aug 2020
for 15 months then 12.99%
Balance Transfer Rate
for 12 months then 21.49%
Max Free Days
- Balance Transfers Available
- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Purchase protection insurance
- Price guarantee
- Extended warranty
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
for 15 months then 12.99%
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
for 12 months then 21.49%
of the approved credit limit
Balance Transfer Fee
Foreign Exchange Fee
3% on Visa
Estimated ATM Cost
for AU $300 withdrawal
Regular, verifiable income
- FREE DOMESTIC TRAVEL INSURANCE
- FREE INTERNATIONAL TRAVEL INSURANCE Cover lasts for 180 days per year
- FREE SUPPLEMENTARY CARDS
- PURCHASE PROTECTION INSURANCE 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 $500.
- EXTENDED WARRANTY
- Balance Transfer 6.99% p.a. for 12 months on balance transfersTo be requested at new card application. Rate then switches to variable cash advance rate.
Compare and review credit cards with similar features
St. George Bank was initially founded in 1937 as a housing-based financial institution. In May 2008, the bank signed a Merger Implementation Agreement with Westpac. Over the years, St. George established itself as one of Australia’s most reputable building societies, and gained its full banking licence in 1992.
The bank provides wealth management, retail, institutional, and business-making solutions and products throughout all states and territories of Australia.
St. George customers can reach customer support by contacting them via:
- Customer service (phone, email, branch)
- Mobile app
- Online banking
- Mobile banking staff
The St. George Bank Vertigo Platinum credit card has a moderate annual fee, moderately low interest rates and a moderately low late or missed payment fee. Card holders are permitted to add up to three additional card holders (age 16 or over) at no extra cost. The card does not have an associated rewards program.
The St. George Bank Vertigo Platinum credit card has an introductory balance transfer offer for new card holders. New customers will enjoy 0 per cent interest on balance transfers for 26 months. After the offer has expired, the card’s moderately low interest rates will apply.
Although the St. George Bank Vertigo Platinum card does not have an associated rewards scheme, the card does offer complimentary overseas travel insurance for trips up to six months, as well as purchase insurance that protects against theft, loss or damage to select purchases.
- Three free additional cardholders
- Free travel and purchase insurance
- 0% balance transfer offer
- Charges an annual fee
- No rewards scheme
- No frequent flyer points
Who is it good for?
The St. George Bank Vertigo Platinum credit card is best for customers seeking to transfer existing debt to a new card. The Vertigo Platinum card offers a full 26 months with 0 per cent interest on balance transfers, making this an attractive opportunity for those who are working to pay off debt.
This card is not well suited to potential customers who like to be rewarded for their credit card use. The St. George Bank Vertigo Platinum card does not offer a rewards program, so card holders cannot earn points or frequent flyer miles on their purchases. Those who wish to earn rewards for their spending should consider a credit card with a rewards program that suits their needs.
This card is also not particularly suitable for overseas use. The card charges a foreign transaction fee for purchases made abroad and for purchases made within Australia from international vendors.
What RateCity says
The St. George Bank Vertigo Platinum card offers a beneficial balance transfer deal, making this card a sensible choice for customers with existing debt. The card grants customers a full 26 months at 0 per cent interest on all balance transfers, which may help some take control of their debt.
However, this card offers no unexpected benefits to customers who do not need to take advantage of the balance transfer offer. The card is not especially suited to card holders who wish to minimise costs, nor does it serve those who want to earn rewards through an associated scheme.
Potential customers who want to earn frequent flyer benefits or rewards points for their purchases may be better off with a card that earns points or miles. Budget card holders who want to eliminate unnecessary fees should consider a card with no annual fee.
Customers can apply for the St. George Bank Vertigo Platinum card online, over the phone or in a St. George bank branch. Applying online takes only 10 minutes and customers will receive an instant response. To apply, you must be at least 18 years old and an Australian permanent resident. You’ll need to submit proof of identity, such as your Australian driver’s licence, as well as income, employment and financial commitment details.
About St. George Bank
St. George Bank is one of Australia’s leading brands for retail and business banking. Founded in 1937, St. George bank is headquartered in Sydney. St. George provides banking solutions for both individuals and businesses, with their offering encompassing bank accounts, credit cards, home loans and personal loans. The bank also delivers international travel services such as travel money cards, foreign cash and travel insurance. In 2008, St. George Bank became a part of the Westpac Group.
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
If you have a bad credit score, you might encounter two main problems. First, the lower your credit score, the more likely you are to be rejected when you apply for a loan or any other credit product. Second, if your application is accepted, the less likely you are to qualify for the lowest interest rates.
The reason Equifax, Experian and Illion use different scores is because they are independent companies with their own different methodologies. As a result, a score of, say, 700 would mean different things at different credit reporting bureaus.
However, the one thing they have in common is that they divide their scores into five tiers. So if you receive a tier-two credit score from one bureau, you will probably receive a tier-two score from the others, as well.
Yes, as credit card providers look at your annual income amount as well as your occupation. Minimum income requirements tend to be between $30,000 – $40,000 for standard and rewards credit cards, however low income credit cards can have minimum income requirements as low as $15,000 per year.
There are two reasons you should check your credit rating: so you have a better understanding of your financial position, and so you can take action (if necessary) to improve your credit rating.
Lenders use credit ratings or credit scores to assess loan applications. The higher your score, the more likely you are to get approved, and the more likely you are to be charged lower interest rates and lower fees. Conversely, the lower your credit score, the less likely you are to get approved, and the more likely you are to be charged higher interest rates and higher fees.
Credit cards are a quick and convenient way to pay for items in store, online or over the phone. You can use a credit card as a cashless way to pay for goods or services, both locally and overseas. You can also use a credit card to make a cash advance, which gives you the flexibility to withdraw cash from your credit card account. Because a credit card uses the bank’s funds instead of your own, you will be charged interest on the money you spend – unless you pay off the entire debt within the interest-free period. If you pay the minimum monthly repayment, you will be charged interest. There are many different credit card options on the market, all offering different interest rates and reward options.
A balance transfer credit card lets you transfer your debt balance from one credit card to another. A balance transfer credit card generally has a 0 per cent interest rate for a set period of time. When you roll your debt balance over to a new credit card, you’ll be able to take advantage of the interest-free period to pay your credit card debt off faster without accruing additional interest charges. If your application is approved, the provider will pay out your old credit card and transfer your debt balance over to the new card.
For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.
Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.
Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.
Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.
There is no one-size-fits-all best rewards credit card. It's best you research what type of rewards program you'd like, as well as the fees, interest rate and conditions associated with those types of cards before making a choice.
Rewards credit cards can also come with high annual fees that may end up nullifying the rewards, so think how often you use the card to decide whether the benefits outweigh the extra cost for you. A card with a lower annual fee might require a lot of spending to get any useful rewards, while another card with a higher annual fee might need fewer purchases to get a reward.
Losing your credit card is a serious situation, and could land you in financial trouble. Here is a simple guide detailing what to do when you lose your credit card.
Lock you card – Contact your provider and inform them about your lost credit card. From here lock, block or cancel your card.
Keep track of transactions – Look out for unauthorised credit card transactions. Most banks protect against fraudulent transactions.
Address recurring charges – If your card is linked to recurring charges (gym membership, rent, utilities), contact those businesses.
Check credit rate – To ensure you’re not the victim of identity theft, check your credit rating a month or two after you lose your credit card.
If you’re wondering about how to make a credit card online application, here are some steps to follow:
- Test the market. Many credit card options are available online. Compare providers by fees, interest and perks to ensure you’re getting the best deal.
- Complete the application. Once you’ve selected a card, head to the provider’s website and complete the online credit card application form. Forms vary by providers.
- Provide details. Most cards require you to meet age, residency, income and credit status condition, and you need to provide details like a bank account statement to prove this.
- Review details. Ensure the information you’ve entered is correct.