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Key facts about these credit cards

Correct as at: 3rd March 2021
Bank of Melbourne

This information sheet is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

Description of credit cards
Product name Vertigo card Vertigo Platinum Card Amplify Card Amplify Platinum Card Amplify Signature Card No Annual Fee Card
Minimum credit limit $500 $6,000 $500 $6,000 $15,000 $500
Minimum repayments 2% of the closing balance outstanding or $10, whichever is the greater. If the closing balance is less than $10, it must be paid in full. 2% of the closing balance outstanding or $10, whichever is the greater. If the closing balance is less than $10, it must be paid in full. 2% of the closing balance outstanding or $10, whichever is the greater. If the closing balance is less than $10, it must be paid in full. 2% of the closing balance outstanding or $10, whichever is the greater. If the closing balance is less than $10, it must be paid in full. 2% of the closing balance outstanding or $10, whichever is the greater. If the closing balance is less than $10, it must be paid in full. 2% of the closing balance outstanding or $10, whichever is the greater. If the closing balance is less than $10, it must be paid in full.
Interest on purchases 13.99% 12.99% 19.74% 19.74% 19.74% 20.74%
Interest free period1 Up to 55 days on purchases only. Up to 55 days on purchases only. Up to 55 days on purchases only. Up to 55 days on purchases only. Up to 55 days on purchases only. Up to 55 days on purchases only.
Interest on cash advances 21.49% 21.49% 21.49% 21.49% 21.49% 21.49%
Promotional purchase rate           0% p.a. interest for 12 months on purchases<
Balance transfer interest rates 0% p.a. for 28 months on balance transfers requested at new card application. No balance transfer fee. The variable cash advance rate will apply after the promotional period.# 6.99% p.a. for 12 months on balance transfers requested at new card application. Rate then switches to variable cash advance rate. 6.99% p.a. for 12 months on balance transfers requested at new card application. Rate then switches to variable cash advance rate. 0% p.a. for 15 months on balance transfers requested at new card application. 1% balance transfer fee applies. The variable cash advance rate will apply after the promotional period.#
0% p.a. for 15 months on balance transfers requested at new card application. 1% balance transfer fee applies. The variable cash advance rate will apply after the promotional period.#
6.99% p.a. for 12 months on balance transfers requested at new card application. Rate then switches to variable cash advance rate.
Annual card fee $55 $99  $79 $99 $279 $0
Late payment fee $15 $15 $15 $15 $15 $15

The Detail

Conditions, fees and credit criteria apply.

This card is issued as a Visa card.

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.

#Balance Transfer Promotion: The promotional balance transfer rate is available when you apply and are approved for a new Vertigo, Amplify Platinum or Amplify Signature credit card between 3rd March 2021 and 28th September 2021, 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. A balance transfer fee of 1% of the transferred balance(s) will apply to balance(s) transferred to a Amplify Platinum or Amplify Signature credit card. The balance transfer fee will be charged to the card account on the same day the balance(s) are debited to the account. 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.

<Purchase Rate Promotion: The introductory rate of 0% p.a. on purchases for 12 months applies from card approval when you apply and are approved for a new No Annual Fee credit card between 3rd March 2021 and 28th September 2021. After 12 months, the introductory purchase rate will switch to the variable purchase rate then applicable to your card account. 

1. Receive up to 55 days interest free on your purchases if your Monthly Payment Balance is paid in full by the due date shown each month. This amount is calculated as the main account balance minus the balance transfer amount plus any Plan&Pay instalments for this month. If you do not have any Plan&Pay instalments or a balance transfer, the Monthly Payment Balance will be the same as the Closing Balance.

For more information on choosing and using credit cards visit the ASIC consumer website at www.moneysmart.gov.au

The terms on which these credit cards are offered can change over time. You can check if any changes have been made by visiting www.bankofmelbourne.com.au/creditcardfees.