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Bank of Melbourne Vertigo Credit Card

The Bank of Melbourne Vertigo Credit Card offers 0% p.a. for 24 months on balance transfers, or $500 cashback on your supermarket and petrol spend. Ongoing benefits include a low ongoing interest rate.


Updated 16 July 2025


Fact checked and verified. Updated 16 July 2025
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Expert Review

The Bank of Melbourne Vertigo credit card is Bank of Melbourne's low interest rate product. Featuring a competitive Purchase interest rate of 13.99% p.a., which is Bank of Melbourne's lowest, and including up to 55 interest free days, this product is great for minimising interest and managing cash-flow, if you want flexibility with your monthly repayment. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 25% lowest purchase rates. Further, the product has a $55 annual fee. As a result, this card ranks among the lowest 25% annual fee products.

Considering its key features, this card is most suitable to someone who wants the peace of mind that if they do need to pay interest from time to time, the rate will be competitive. Other benefits include no additional cardholder fees.

This Bank of Melbourne Vertigo credit card currently features a choice of two introductory offers.

Offer 1: Balance Transfer.
For a limited time the Bank of Melbourne Vertigo credit card has a special 0% p.a. Balance Transfer offer for 24 months. Of note, there is also a 2% p.a. Balance Transfer fee which should be considered when evaluating the overall benefit of this offer. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.
Offer 2: $500 cashback on your supermarket and petrol spend.
For a limited time the Bank of Melbourne Vertigo credit card has a $500 cashback on your supermarket and petrol spend offer. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.

Product Details
An everyday card with a low annual card fee and purchase rate."
- Bank of Melbourne
Rewards

•

No rewards program

Fees
Account Fees

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$55 annual account fee

Additional Cardholder Fees

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No additional cardholder fee

•

Up to 1 additional cardholder

Transaction Fees

•

3.00% international transaction fee

Other fees may apply.

Rates

•

13.99% p.a. variable purchase rate

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21.99% p.a. variable cash advance rate

•

Up to 55 interest free days on purchases

Offers
Balance Transfer Offer

0% for 24 monthson balance transfers (2.00% BT fee applies), reverts to 21.99% p.a.

Cash Back Offer

$500cashback on your supermarket and petrol spend

Get 10% cashback on spend at selected supermarkets and petrol stations (up to $400 total cashback).
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TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the Bank of Melbourne website.

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