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The important numbers

Ongoing annual card fee $55
Variable purchase rate 13.99% p.a.
Variable cash advance rate 21.49% p.a. 
Minimum credit limit $500

0% p.a. interest on balance transfers for 32 months##

No balance transfer fee. 

The variable cash advance rate will apply after the promotional period. This 0% p.a. offer relates to balance transfers requested at card application. New cards only.

 

$0 annual card fee for the first year (saving you $55)^^

And, 0% p.a. interest on purchases for the first 6 months. After that, the interest rate goes back to the variable purchase rate<<.

 

What you'll get

  • A lower interest rate on purchases than our Rewards cards

  • A lower annual card fee than our Rewards cards

  • Up to 55 days interest-free on purchases¹


     

Considerations

  • A higher annual card fee than our No Annual Fee card

  • No rewards points or complimentary insurances

Before continuing

A final check that this is the right credit option for you. Credit cards are a secure payment method for short-term borrowing needs such as everyday purchases or unplanned expenses, with some cards offering additional features like rewards. However, there are instances where it might be worth considering another form of credit:

  • You have a longer-term or specific borrowing need, like a car or home renovations; Personal loans
  • You want a repayment schedule with fixed repayments and a defined loan end-date; Personal loans
  • You need ongoing access to credit to help with short-term cashflow, but don’t want a credit card; Overdraft
The Detail
Conditions, fees and credit criteria apply. This card is issued as a Visa card. Before making a decision read the Terms and Conditions and consider if the product is right for you. 
 
Switches, upgrades, or Westpac Group staff are ineligible. This promotion may be varied or withdrawn at any time and is not available in conjunction with any other promotion.

##Vertigo Balance Transfer Promotion: The promotional balance transfer rate is available when you apply and are approved for a new Vertigo credit card between 20th October 2021 and 24th February 2022, and request at card application to transfer balance(s) from up to 3 non-Bank of Melbourne, St.George and BankSA Australian issued credit, charge or store cards. The promotional rate will apply to balance(s) transferred (min $200 up to 80% of your approved available credit limit) for the promotional period, unless the amount is paid off earlier. Activating your card triggers the processing of the balance transfer. No balance transfer fees apply to a Vertigo credit card. The applicable variable cash advance rate will apply to any unpaid balance transfer amount remaining at the end of the promotional period. Bank of Melbourne will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the account(s). If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.

^^Vertigo First Year Annual Card Fee Waiver: The first-year annual card fee waiver is available when you apply and are approved for a new Vertigo credit card between 20th October 2021 and 24th February 2022. After the first year, the annual card fee will be debited to your account on the 12-month anniversary of the first transaction on your account and annually thereafter. 

<<Vertigo Purchase Rate Promotion: The introductory rate of 0% p.a. on purchases for 6 months applies from card approval when you apply and are approved for a new Vertigo credit card between 20th October 2021 and 24th February 2022. After 6 months, the introductory purchase rate will switch to the variable purchase rate then applicable to your card account.

1 55 Days Interest Free: Receive up to 55 days interest free on your purchases if your account is paid in full by the due date shown each month (excluding any balance transfers and Plan&Pay instalments), this is called the Monthly Payment Balance on your statement.