Bank of Melbourne
Enjoy up to $500 cashback at supermarkets and fuel stations, plus a low 6.99% p.a. balance transfer for 12 months on the Vertigo credit card.
The Bank of Melbourne Vertigo Credit Card is currently offering up to $500 cashback at selected supermarkets and petrol stations, giving you a tangible benefit for everyday spending. The card also features a compelling 6.99% p.a. balance transfer rate for 12 months, making it an attractive option if you’re looking to manage existing credit card debt more affordably. Credit limits will depend on your individual circumstances and the bank’s assessment.
How to Apply: Step by Step
- Check eligibility criteria including residency and minimum income requirements.
- Gather relevant documentation such as proof of income, ID, and details of any debts.
- Complete the application on the Bank of Melbourne website, providing accurate details.
- Request a balance transfer if you wish to take advantage of the promotional rate.
- Await approval, then follow instructions for activation once your card arrives.
Pros: Key Benefits
The standout cashback offer helps put money directly back into your account after everyday purchases at supermarkets and fuel stations. Also, the low 6.99% balance transfer rate for 12 months offers excellent value for consolidating debts and easing repayment pressure.
Additional tools like fraud protection, card management via app, and access to flexible payment options further strengthen the offer.
Cons: Things to Consider
Cashback is limited to $500 and only applies to certain merchant categories, so some major outlets like Costco may be excluded. Existing customers or those who held a Bank of Melbourne card in the last 24 months are not eligible for this specific promotion.
After the 12-month promotional period, standard rates and fees will apply, so be sure to plan for repayments accordingly.
Our Verdict
The Bank of Melbourne Vertigo Credit Card is a solid choice if new cashback rewards and attractive balance transfer rates appeal to you. Be sure to review eligibility and full terms before applying, but the promoted offer represents an opportunity to save while managing everyday spending and consolidating balances efficiently.
