A straightforward credit card provides a 0.99% interest rate on balance transfers for 28 months, without any balance transfer fees and an annual fee of $55.
To reduce interest expenses and accelerate the repayment of existing credit card debt, the St.George Vertigo Card offers an appealing 0.99% p.a. interest rate for the initial 28 months on balance transfers, without any balance transfer fees and a relatively low annual fee of $55. This makes it an excellent choice for Australian consumers aiming for financial relief.
Additionally, if you're considering using the St.George Vertigo Credit Card for everyday purchases, it provides a 13.99% p.a. interest rate when carrying a balance month-to-month, which is significantly below the average standard credit card rate by 6.58%, as reported by the RBA. However, to maximize the benefits of the 0.99% introductory rate on balance transfers, it's advisable to refrain from new purchases on the card until the balance is paid off. Failing to clear the balance within the introductory period will result in a 21.99% p.a. interest rate on any remaining balance transfer debt post the 28 months.
Pros | Cons |
|---|---|
Balance transfer rate of 0.99% p.a. for the first 28 months, with no balance transfer fee | Balance transfer rate reverts to 21.99% p.a. at the end of the introductory period |
A low ongoing annual fee | No rewards program, travel perks and insurance covers |
Shopping cashbacks through ShopBack | |
Competitive purchase interest rate of 13.99% p.a. | |
Additional cardholder at no extra cost |
The St.George Vertigo is an ideal low-rate credit card for Australians seeking basic features without the frills. Currently, it features an attractive 0.99% balance transfer rate for 28 months, available to those who apply by 30 November 2024, allowing ample time to clear existing balances.
For cardholders looking to make new purchases, the St.George Vertigo card offers a competitive 13.99% p.a. interest rate on new purchases along with up to 55 days of interest-free credit. Notably, unlike many other cards in the market, this card still provides interest-free days on new purchases even when you're managing a balance transfer, making it a practical choice for cost-savvy Australians.
Details of St. George Vertigo Card
Product Details
Product Name | St.George Vertigo Card |
Balance transfer rate p.a. | 0.99% for 28 months, then 21.99% |
Balance transfer limit | 80% of available limit |
Purchase rate p.a. | Purchase rate p.a. 13.99% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 21.99% |
Min credit limit | $500 |
Max credit limit | $80,000 |
Card type | Visa |
Eligibility
Available to temporary residents | Yes |
Joint application | No |
Rewards
Bonus points | N/A |
Fee
Annual fee | Annual fee $55 |
Minimum monthly repayment | 2% of the closing balance or $10, whichever is greater |
Late payment fee | $15 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Cash advance fee | 3% |
Overseas cash advance fee | 3% of each cash advance amount |
Additional cardholder fee | $0 |
How to Apply
You can swiftly apply for the St.George Vertigo Card in just 10 minutes and receive an immediate response. Before proceeding, ensure you meet the necessary criteria and have all required details ready for your application:
Eligibility Criteria
New Cardholder: The balance transfer promotion is exclusive to new applicants of the St.George Vertigo Card before the 30th of November, 2024.
Eligible Balance Transfer: For those considering the balance transfer option, note that the debt must originate from credit cards not issued by St.George, Bank of Melbourne, or BankSA. You are permitted to transfer amounts ranging from $200 up to 80% of your credit limit.
Residency: Applicants must be Australian citizens or permanent residents to apply online.
Age: You must be at least 18 years old.
Required Documents
Personal Details: Include your full name, contact details, and identification such as your Australian driver's licence, Medicare card, passport, Australian birth certificate, or NSW photo card.
Employment Information: Provide your job title, duration of employment, and your employer’s name and contact details.
Financial Information: Declare your annual income, and provide details about your savings, investments, and other assets.
Balance Transfer Details: If applying for a balance transfer, you will need to provide specifics about the accounts from which you are transferring the debt and the amount being transferred.
This straightforward application process is designed to accommodate Australians searching for an effective credit card solution that manages existing debt efficiently while offering new purchasing power.
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