St.George Vertigo MasterCard Credit Card Review
The St.George Vertigo MasterCard is the “Winner of Money Magazine’s Best Balance Transfer Credit Card 2009“.
The ideal credit card for Australian’s who love shopping with a low rate on purchases.
- A low rate on purchases of 10.99% p.a
- 0% p.a. balance transfer rate for up to 6 months
- Awarded Australia’s cheapest credit card Money Magazine 2008.
- Up to 55 interest free days on purchases*
- Low $55 annual fee
- An additional card for a friend or family member, with all transactions on one statement
- Linked access to your other St.George accounts, for the ease of one card banking
- Instant discounts with St.George Instant Benefits
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Credit Card Review
The recent release of the St George Vertigo Low rate Credit Card offers a solid development in the credit card market. The card has a number of strengths and its users have been pressed to find any major faults in the product. The basic interest rate is generous at 10.99% p.a. and the card has been awarded Australia’s cheapest credit card award by Money magazine.
The annual fee, at $55 is also fair. The interest free period of 55 days is also the selling point of the card - make all your repayments on time in the 55 day period, and you’ve only paid $55 for the whole year.
There is also a system of linked access to other St George accounts and a discount incentive system with other St George products.
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Customers reviewing the card have always stated that the card is very functional and have been impressed by its major selling features.
In addition to this, the customer service which accompanies the card also often gets a wrap. The card activation, internet and phone service are all quick convenient and user-friendly.
St.George are really standing out with this offer in the Australian credit card market. You can too.
Take note that a good credit history and rating are required for balance transfer and application approval for the St George Vertigo.
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St.George Vertigo Mastercard Benefits
- Find it difficult to pay off your high interest credit cards in full each month. This lower interest will save you money in the long term. Make sure to take the $55 annual fee into account as well.
- Even if you find it easy to pay off your balance quickly, you still benefit via paying no interest and earning linked St.George Instant Benefits and various discounts.
- Bundle your credit card, store card and loan balances and transfer them over to a new Vertigo and repay 0% p.a. for 6 months on the balance.
Terms and Conditions
*Interest rates quoted current as at 20/06/2009 and subject to change. 55 days interest free on purchases only on accounts paid in full by the due date. Interest free period does not apply to cash advances (cash advances are 19.99% p.a on Vertigo MasterCard), or any purchases while an amount that has been debited as a result of a balance transfer remains unpaid. All applications for credit are subject to the Bank’s prevailing credit criteria. Fees, charges, terms and conditions apply and full details are available upon request.
** If your application for credit is approved, the special balance transfer rate period commences on the date the account is opened. The special Balance Transfer interest rate period ends 6 months later, regardless of when any balance transfer request is processed by us. On the date the special balance transfer rate period ends the interest rate on the outstanding transferred balances reverts to the standard variable rate applying to purchases. Any interest free period for purchases does not apply while an amount that has been debited as a result of a balance transfer remains unpaid. Balance Transfers will not be accepted from personal loan, overdraft, business or St.George Group or international credit card accounts. St.George Bank Limited ABN 92 055 513 070 AFS License No. 240997.
***Awarded Australia’s Cheapest Balance Transfer Credit Card by Money Magazine 2009
St.George Bank Limited ABN 92 055 513 070 AFS License No. 240997.
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Related posts:
- St George Vertigo: Purchase Rate Dropped to 10.99%
- St.George Starts Low 12.24% Stays Low Credit Card - Review and Application
- Bank of South Australia Vertigo Mastercard - Details and Application
ANZ: 4.99% p.a. on purchases for 12 months.
Offer ends 4th July.
Click here for the official ANZ Low Rate offer
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Save More - Top 3 High Interest Savings Accounts*
| Savings Account | Interest Rate | |
|---|---|---|
 ANZ Online Savings Account |
4.25% |   |
 Raboplus Savings Account |
4.00% | |
 St George Direct Saver |
3.20% | |
September 30th, 2008 at 4:46 pm
dear customer service
i would like to know what is the interest rate applicable to outstanding balance after the 0% introductory period (ie 6 month)?
a real example:
i have a credit of A$ 30,500 with bank A. i apply for balance transfer of A$ 23,000 (from that bank to your bank), and currently i am paying bank A, a minimum payable repayment, do i have some credit for purchase on the vergio credit account?
does the balance transfer affect my other credit account in bank A?
Regards and thanks for the prompt reply.
reza
September 30th, 2008 at 5:12 pm
Dear Reza,
Thanks for your question. In terms of the interest rate after the balance transfer ends this would be the standard variable rate on purchases.
Quote from St.George site: “On the date the special balance transfer rate period ends the interest rate on the outstanding transferred balances reverts to the standard variable rate applying to purchases.”
In terms of what credit limit you would get with your new card I am not sure. You would need to speak with St.George about this.
You will actually transfer the balance from Bank A to your new card therefore your other card will have a zero balance.
March 4th, 2009 at 11:17 pm
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