St.George Vertigo MasterCard – low balance transfer & purchases offer
Pros
- Low interest rate on balance transfers and purchases
- Consistently one of the best value credit cards in Australia
- Reverts to low purchase rate at the end of the balance transfer period
Cons
- No rewards program
Overall
Overall, if you're after a consistent credit card offer that is going to be competitive in the Australian market, the St.George Vertigo MasterCard is worth your consideration when comparing low interest credit cards
Related Products
The St.George Vertigo MasterCard has been awarded a prestigious 5 star rating from Cannex and is also a multi-award winning credit card account.
| Product Name | St.George Vertigo | |
|---|---|---|
| Balance Transfer Rate | 2.99% p.a. for 6 months | |
| Interest Rate on Purchases | 13.24% p.a. | |
| Offer end date | 2 July 2013 | |
| Annual Fee | $0 p.a. annual fee for the first year ($55 p.a. thereafter) | |
| Interest Free Period | up to 55 days | |
| Interest Rate on Cash Advances | 21.49% p.a. | |
| Minimum Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
|
$500 | |
| Max Credit Limit | $40,000 | |
| Minimum Monthly Repayment | 2% | |
| Credit Card Type | MasterCard | |
| Late Payment Fee | $9 | |
| Complimentary Travel Insurance | No | |
| Available to Temporary Residents | No | |
| Joint Application | Yes |
The ideal credit card for Australian’s who love shopping with a low rate on purchases.
- Regularly Awarded Australia’s cheapest Balance Transfer Credit Card by Money Magazine.
- Up to 55 interest free days on purchases*
- $0 p.a. annual fee for the first year ($55 p.a. thereafter) 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
St.George Vertigo MasterCard 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 benefits and its users have been satisfied with the service that the card provides. The basic interest rate is 13.24% and the card has been awarded Australia’s cheapest credit card award by Money magazine.
The annual fee is at $0 p.a. annual fee for the first year ($55 p.a. thereafter).
The interest free period of 55 days is a huge plus from the card – you can make all your repayments on time in the 55 day period, and you’ve only paid $0 p.a. annual fee for the first year ($55 p.a. thereafter).
There is also a system of linked access to other St.George accounts and a discount incentive system with other St.George products.
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 so you can enjoy the benefits.
Take note that a good credit history and rating are required for balance transfer and application approval for the St.George Vertigo.
St.George Vertigo MasterCard Benefits
- If you 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 $0 p.a. annual fee for the first year ($55 p.a. thereafter) annual fee into account as well.
- Bundle your credit card and store card balances and transfer them over to a new Vertigo and repay 2.99% for 6 months on the balance.
Award Winning St.George Vertigo MasterCard
Cannex Award
Canstar Cannex star ratings are designed to help consumers compare financial products based on interest rates charged and features available. Each financial product, including credit cards, is reviewed by financial analysts and then given a rating.
A 5 star rating is the highest award rating offered and is given only to those financial products that offer outstanding value for the type of product offered.
The St.George Vertigo MasterCard was awarded a Cannex 5 star rating for exceptional value in a credit card. This should help customers to understand that this credit card offers low rates and great value, which should help you if you’re comparing more than one credit card offer.
Money Magazine Awards
Money Magazine has a long history of providing credible, independent and easy-to-understand financial advice and guidance for readers. They regularly provide reviews and feature articles designed to help readers save money and source the best possible financial products.
Each year, the expert financial staff at Money Magazine compares thousands of financial products against each other to try and determine the best possible value for each type of banking product.
When a clear winner stands out above the crowd, Money Magazine will award the bank offering this product with a prestigious award. These awards are designed to help customers compare different financial products easily and locate the best possible products for them.
In 2007, the St.George Vertigo MasterCard was given the award for being Australia’s Cheapest Credit Card. In 2009, the St.George Vertigo credit card was once again given a Money Magazine award, this time for Australia’s Cheapest Balance Transfer Credit Card.
For customers looking for great value, but not wanting to go through all the fine print for lots of different credit card products and offerings, using these awards and comparison systems can help to understand exactly what you’re getting.
With so many awards and high ratings applied to this account, it’s easy to see why the St.George Vertigo MasterCard credit card is a clear favourite with customers around Australia.
Using a St.George balance transfer to get out of credit debt is an excellent choice. It allows you to move the balance from your old cards to St.George and spend much less on interest fees. This can save you loads of cash and helps you get out of debt.
A St.George balance transfer is one of the most convenient ways to get out of credit card debt. When you transfer a balance you move the debt from one credit card to a new credit card so that you pay a lower interest rate. Many options are available for balance transfer interest rates and terms. St.George offers several options depending on the amount you need to transfer and the length of time you need to repay that debt. No matter what you choose, you will wind up saving a lot of money on interest as well as having a winning credit card in your wallet.
There are two ways to make a St.George balance transfer. The first, for new applicants is to make your balance transfer request when you apply for the new card. Your transfer period, the amount of time your balance will gain only the introductory low rate, begins as soon as the account is opened. If you are already a St.George customer you can request a balance transfer as long as you meet the minimum requirements for the transaction. This request can be made by mail or online. It takes up to 14 days for your request to be processed.
St.George balance transfer requirements
- Balance transfers may only be made from another non-St.George credit card.
- The transferring card must be issued from Australia.
- A balance transfer must be at least $500 and not more then 95% of you available credit limit.
- Balance transfers will not be granted for accounts that are not in good standing.
- St.George will not close your previous credit cards. If you choose to close them you must arrange it with the issuer.
To make the most of these offers make sure you can pay off all of the transfer before the introductory rate expires and do not use your card for anything else until you have paid the balance transfer in full. This allow you to avoid an allocation of payments scheme, wherein credit card companies put all of your payment to the cheapest debt, leaving your purchases to collect interest until the lower interest balance transfer is repaid.
A St.George balance transfer is one of the few easy ways to get out of credit card debt. Once you cut the high cost of interest out of your budget you can make bigger payments to your debt, saving money and paying it off faster. Start saving money today by applying for a money saving balance transfer with St.George.
The St.George Vertigo balance transfer offer is extremely attractive for anyone paying high rates on credit cards or store cards. Before you submit your application to transfer your balances, it’s important to understand a little about how this account can benefit you.
St.George Balance Transfer FAQs
Q: What is a balance transfer?
A: A balance transfer is the term used for transferring your outstanding credit card or store card balances over to a St.George Vertigo MasterCard.
Q: Why should you transfer your other credit cards to St.George?
A: The St.George Vertigo MasterCard charges a far lower rate than the amount you’re likely to be paying on your existing accounts. When you consider the amount of interest you’re being charged, switching to an account that charges a promotional rate can save you a significant amount of money.
Q: How can transferring balances reduce debt levels?
A: The amount you currently pay on your outstanding credit cards is most likely just covering the interest costs you’re being charged. If you transfer your balances to the St.George Vertigo MasterCard, you’re charged less interest.
Not only can this reduce your monthly payments, but if you continue to repay your monthly bill at the same amount you were once paying on your old cards, you should find your balance dropping very quickly.
Q: What if you can’t pay off the balance by the time the promotional rate expires?
A: Once the promotional rate expires, the St.George Vertigo account reverts to one of the lowest standard rates available. At a low ongoing purchase rate this should still be far lower than the amount you’re paying on your outstanding accounts right now.
Q: How do you transfer your balances?
A: In order to apply for a St.George Vertigo MasterCard and benefit from the low promotional rate, simply submit your application for a new credit card.
Within the application is an option to request a balance transfer as part of the credit card application.
Q: How long does a balance transfer take?
A: In most cases, it should only take 14 days to transfer the balances from your old credit cards or store cards over to your new St.George Vertigo account. You will need to present some identification for yourself at a St.George branch and you’ll need to activate your new MasterCard in order for it to be opened fully.
Q: What if your old credit card shows missed payments and you’re drawn over the limit
A: In order to qualify for a St.George Vertigo balance transfer, you will need to spend a little time getting your old accounts in order. This simply means you should make sure the balance is below your available credit limit and that you’ve caught up any overdue payments.
How to apply
If you think the St. George Platinum card is for you, click ‘apply now’ to be safely redirected to the St. George Credit Card Application Page. You need to provide the following;
- Existing credit card details
- Personal details (drivers license)
- Contact details
- Employment details (weekly income after tax)
- Financial details (details of assets, savings or investments)
If you are a self-employed, you will need to provide recent tax information.
Read the St.George Vertigo terms and conditions.
| Minimum Age | 18 years of age | |
|---|---|---|
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $500 | |
| Max Credit Limit | $40,000 |
| Annual Fee | $0 p.a. annual fee for the first year ($55 p.a. thereafter) | |
|---|---|---|
| Minimum Repayment | 2% | |
| Late Payment Fee | $9 | |
| Over Limit Fee | $9 | |
| Overseas Emergency Replacement | $52.50 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $2 | |
| Foreign Currency Conversion Fee | 3% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 | |
| Number of Additional Cardholders | 1 |
Pros
- A low balance transfer rate of 2.99% p.a. for 6 months to help minimise interest repayments.
- A annual fee of just $0 for the first year ($55 thereafter).
- The interest rate on purchases is one of the lowest in the market.
Cons
- You cannot earn rewards for your spending.
Read the St.George Vertigo terms and conditions.
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162 Responses to St.George Vertigo MasterCard – low balance transfer & purchases offer
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dear customer service
i would like to know what is the interest rate applicable to outstanding balance after the 0% introductory period (ie 6 month)?
a real example:
i have a credit of A$ 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 vertigo credit account?
does the balance transfer affect my other credit account in bank A?
Regards and thanks for the prompt reply.
reza
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.
If I get approved for say a balance transfer of $5000 & I have 9 months where I will be paying only 0.99% but suppose I manage to pay off my credit card in 3 months & then I use the credit card to make purchases, do I still get .99% interest for the remaining 6 months or does the interest jump to the purchase rate of 13.24%??
Hi Victor
Thanks for your comment.
In the event that you did a balance transfer and repaid the balance within 3 months, and had not made any other purchases during this period of time, any new purchases made would be eligible for 55 interest free days from the purchase date, which would then be charged at the purchase rate.
I strongly suggest you discuss with St.George how interest rates work and are calculated for their credit card accounts, and also discuss the matter of allocation of payments, as this does vary from bank to bank. It is also a very good idea to speak to your financial advisor before making any decision to apply for a credit card.
Thanks again for your question.
Cheers
Jeremy
I am not a Permanent Australian Resident but currently on a skills business visa;. Would I be considered for this offer?
Hi Brian
Thanks for your comment
It may be worth considering speaking to a St.George customer service representative in one of their branches or over the phone. I have heard of some cases where they were able to get a credit card on a skills business Visa with Commonwealth Bank or Bankwest – you would need to visit one of their branches and take a copy of your Visa for them to review.
They will be able to discuss your situation with you, before you decide to commit to any credit card application.
Cheers
Jeremy
Hi, when the provider charges the annual fee is this deemed to be a purchase and therefore you have to pay off the full balance not to incur the full interest rate??
Hi Shaun
Thanks for your question – it’s actually a very interesting one!
Yes you would need to pay the annual fee off to avoid purchase interest.
Cheers
Jeremy
what would the monthly minimum repayments be if i was approved for $20,000 & used the lot for a balance transfer?
Hi Maz. Please refer to our credit card repayment calculator for further information on this topic. Thanks for your question.
When making an overseas transaction (in another country)do you charge additional fees on top of the purchase? thanks
Hi Margaret
Thanks for your comment
Foreign currency transaction fees will apply for any overseas transactions – 3% of the amount of each foreign currency transaction.
Cheers
Jeremy
How much are you able to transfer over to this credit card? I have transferred over to a credit card before and they told me I could only do it for 30% of my owed balance which didn’t make any difference because I was still owing on my old card.Also, does the balance transfer start when you receive your credit card or does it start when your balance transfer is accepted?
Hi Farah. St.George say that you can transfer about 90-95% of your approved credit limit on your new card. The balance transfer will start when the request has gone through, which can be at the time of application or just after – the balance transfer amount will show up online. Cheers.
Am I able to balance transfer 2 balances from 2 different banks onto the 1 St.George card and receive the low interest rate?
Hi Adam
Yes it is possible to transfer multiple balances on to the 1 St.George Vertigo MasterCard
Cheers
Jeremy
so I have a bank s.a. visa is this able to be used as a balance transfer with you.
Hi Rory
You are unable to do a balance transfer from a BankSA credit card. You can only do a balance transfer from store cards and credit cards from banks other than BankSA, Bank of Melbourne or St.George
Cheers
Jeremy
What is the maximum I can balance transfer? It says 95% of the available credit limit, what is the available credit limit on this card?
Thank you…
Jodie
Hi Jodie
Thanks for your comment
There is no set limit for the St.George Vertigo MasterCard. Your credit application will determine the credit limit they assign to your account taking in to account your current debts, income, expenses, credit history etc.
Cheers
Jeremy
We have 2 different credit cards at 2 different banks, one where my husband is the primary card holder and the other where I am. Are we able to transfer both balances over to the one card or do we have to apply separately and get a card each?
Hi Neisha
Thanks for your question. You will be able to transfer both cards over to the one credit card. The St.George Vertigo MasterCard offers a joint application online.
Cheers
Jeremy
Hi there, my son is looking to apply for a credit card with a balance transfer option. I have already paid for the new garages he had built at his new home and he now wants to repay me by using a balance transfer if that is a possible option to him. He requires $10000.00 and currently earns in excess of $100 000.00 per annum and used all his spare cash for renovations. Will he be able to take up your offer or not?. His only debt is the house he purchased. He will be applying with you should this option be available to someone in his situation.
Many thanks
Gerry
Hi Geralyn-ann. Thanks for your question, and apologies for the delay in writing this response. I’m interested in clarifying this question not only for your benefit, but for the benefit of our other users who have had similar queries. St.George Bank do not allow the balance transfer from a credit card in one person’s name to a credit card in another person’s name. There are institutions that do allow this, so check this page to find out more. Did you pay for the renovations on your own credit card? If so, then he can transfer the balance to a card in his own name taking advantage of a promotional rate of interest (provided the institution allows it [see link above]), or were the renovations paid for using a different type of credit? To clarify a balance transfer is when you transfer the debt from one credit card to another credit card at a low promotional rate of interest.
Im having difficulty applying online thru my mobile phone. No problems readings all your info. but when commencing the application its just wont open. Could u please send me thru post an application form instead if possible or I can pick it at Bank SA if they got lne. Thank u.
Hi Cora. Thanks for your question. Yes, you can apply in branch if the application is not working via a mobile device. Alternatively BankSA have a mobile and tablet device that may allow you to apply for a credit card if you would like to apply with them direct. Jacob.
Can i do a balance transfer from another banks credit card if i already have a St.George Credit card?
Hi Tanya,
Thanks for the question. The banks and other institutions use the balance transfer feature as a means of getting business from other lenders, this means that they do not offer balance transfers from existing customers’ credit card accounts. Cheers.
Jeremy
Just wondering if you need to have a St.George bank account before you can apply for this card?
Hi Michael,
Yes you can still apply for a St.George Vertigo MasterCard even if you haven’t previously held an account with St.George. The St.George online application process will take you to a point where you will have to verify your income and personal details as a new customer. Hope this has helped. Cheers.
Jeremy
I have two credit card accounts that I would like to merge.
One with $7000 and the other with $5000.
Is that possible and what are the terms?
Hi Peter,
It’s possible to consolidate debt from multiple credit cards to the St.George Vertigo Mastercard provided that the amount you are trying to transfer is under 95% of the maximum credit limit of your new account. Hope this helps. Thanks.
Cheers,
Jeremy
Can i do a balance transfer with personal loans with this card?
thanks
Hi Marty. Thanks for your question. No, Citibank and Virgin are the two institutions we compare that allow you to do this. Thanks and apologies for the delayed response.
If i do a balance transfer, after the 12 month period can i do another transfer to another card to get the low interest?
Hi Robert. Yes this is possible; however, it’s risky. You need to be sure that you’re going to be approved for each new card you decide to balance transfer to, and that your approved credit limit on your new card is more than you wish to transfer. Also be aware that each application you make for a credit card is recorded on your credit history and if you are declined, it will reduce your chances of approval in the future. Thanks for your question.
Am I able to transfer my balance from a current St.George credit card to the Vertigo? Or does it have to be from an outside bank to get the low balance transfer rate?
Hi,
It has to be from an outside bank. Thanks for your question.
Cheers,
Jeremy
Hi, was going to apply for a St.George credit card but it says you have to go into a branch with ID. to finalise it but we don’t have any branches in TAS. What to do.
Thanks
Hi Peter,
Please contact St.George Customer care or you can call 133330 for your enquiries. Thanks.
Cheers,
Jeremy
what do you accept as proof of income?
Hi,
Your income details are basically what you earn, your employers name and address and phone number. They will also ask you what you spend and what you owe and own too. They use this information to determine how much credit should be made available to you. Hope this helps.
Cheers,
Jeremy
If I transfer my outstanding balance to your credit card and I have direct debits from that account which will also be transferred, how will the .99% interest be charged on those debits please?
Hi Phil,
Thanks for the question. If you transfer an outstanding balance from an old account the direct debit agreements will have to be rearranged with the new account. You will be charged the purchase rate of interest for the debit agreements. Hope this helps.
Cheers
Jeremy
I earn $100000 net, pay $1000/mth house loan, have 3 kids at home, no other loans,want to transfer $10000 from other cards. What credit limit can i expect?
Hi Paul. Thanks for your question.I can’t comment on this. Sorry for the delayed response and not being of more use with this request. Jacob.
does the balance transfer amount depends on the credit limit they will apply to my application?
For ex:
I was approve for 15K but my existing debt on my current card is $20K will they approve my full balance transfer request?
Hi Joseph,
Thanks for the question. The amount you are able to transfer between cards depends on your upper credit limit. If you are approved for $15 thousand you will only be able to perform a balance transfer on 95% of that amount. Hope this helps.
Cheers
Jeremy
If I have a bank SA vertigo credit card $10,000 and HSB credit card $5,000 is it possible to do balance transfer with St.George vertigo for both accounts?
I am filling in an application form, on my fourth attempt I gave up. I am NOT insured by RESI mortgage insurance and every time I tried to delete it, I got kicked out of the application process despite having an email address+password.
I am able to transfer an amount I owe on a flexi-loan to one of your .99% interest for 12 month credit cards?
Hi,
Thanks for your question. St.George and the other main banks do not offer balance transfers from a personal loan to a credit card. To find a better rate of interest on your personal loan, head to http://www.personalloanfinder.com.au/ and find a better comparative rate of interest between the different lenders personal loans. Hope this helps.
Cheers
Jeremy
I have very complicated circumstances. I own several properties and my income from rent is over $90000 and my income from wages is about the same. If I fill out online applications I tend to be rejected as I am “outside the box” so to speak. My credit rating is great but there are many credit enquiries as in the past 20 months I have purchased six investment properties and renovated them all. Is it possible to attend a branch with my details and apply that way rather than online?
Hi Maureen,
Thanks for the question. You are able to apply for this credit card either over the phone or in person. Cheers.
Jeremy
Hi, just wanted to know can you apply for this credit card if you are on full centrelink payments?
Hi Jason. Thanks for your question. It depends on the type of Centrelink payment you’re on. Generally speaking if you meet the minimum income requirement, then you will be successful in your application; however, if you’re on something like a Newstart payment, then your application will not be approved as Newstart payments are not permanent.
Hope this helps.
Hi, can I transfer a balance where i have taken a ‘Cash Advance’ with my current credit provider to the Vertigo credit card
Hi Michael. Provided that you meet with the St.George Vertigo terms and conditions all outstanding balances including cash advances, balance transfers and purchases will be brought over to the new card. Thanks for your question.
Is there a limit on the credit card? Could I transfer a $16,500 from another card. My income is approx $70K per annum.
Hi,
The limit on the card will be determined by your personal financial situation. The amount you are able to perform a balance transfer on will depend on your credit limit. You can transfer a minimum of $500 and a maximum of 95% of your agreed credit limit. Thanks.
Cheers
Jeremy
are we as a couple on full aged pension,plus a part uk pension able to apply for a joint card. credit limit $5000, to balance transfer from our ‘Go ‘ mastercard.
Hi Shirley. Thanks for your question. St.George do allow joint primary cardholder credit cards; however, since you’re on a pension, it’s advised that you apply for this card in person. Sorry for the delayed response. Jacob.
Hi,
I have a personal loan of $25K and a 2 credit cards in debt of $2300 and $5000 respectively… I was one of the victims of applying continuously for balance transfers and ended up with a bad rating(I guess) Will I be able to get a balance transfer from St George’s since the ultimate aim is to ease our repayment pressure?
Hi Ben. good question. If you have a number of enquiries on your credit file, it’s advised that you wait before applying for more credit. St.George use similar application criterion to the other lenders, and if you have been rejected at one lender due to too many credit enquiry marks, I doubt that St.George will see the situation any differently. If you would like further information about this please contact the lender directly – face to face will get you the best results. Sorry for the delayed response. Jacob.
Am I able to transfer say $10,000 from my credit card and $16,000 from my husband’s two credit cards to your one card, or do we have to get separate cards.
Hi Happy. You will have to get separate cards as St.George do not allow a balance transfer from a card in someone else’s name. Please check this page for information about cards that do. Sorry for the delay – thanks for the question. Jacob.
Hi for the period of 12 months at 0.99% are multiple balance transfers allowed? So if I transfer $1000 over initially, would it be ok to tranfer $3000 2 months later for example? As long as it falls within the 12 months obviously.
Kind regards
Sophie
Hi Sophie,
Thanks for your question. This is from our guide to transferring multiple credit cards with a balance transfer article found here – http://www.creditcardfinder.com.au/can-you-transfer-multiple-credit-cards-with-a-balance-transfer.html – Generally speaking most providers will allow you to transfer up to 95% of the maximum limit of the card. So as long as you don’t exceed the maximum credit limit, you should be able to put multiple debts in one balance transfer card. This is known as debt consolidation.” Check the article for further information.
Cheers
Jeremy
hi there,
does this card allow balance transfers on personal loans or just credit card debt
Hi,
Thanks for your question. You are not allowed to bring a personal loan to the St.George Vertigo MasterCard. Citibank are one institution that do allow this. A similar card to the St.George Vertigo MasterCard is the Citibank Clear Platinum found here – http://www.creditcardfinder.com.au/citibank-ready-credit-details-and-application.html. Thanks.
Cheers
Jeremy
can you transfer personal loan amounts over and if so does it convert to the standard variable after the 12 months?
Hi,
Thanks for the question. St.George don’t allow you to transfer personal loans to a credit card taking advantage of the low introductory rate of interest; however, Citibank and the cards it provides finance for like Virgin do allow you to do this. Hope this helps.
Cheers,
Jeremy
Do I have to open a savings account as well as a credit account?
Hi,
No you don’t have to open a savings account in addition to a credit account. Thanks for your question.
Cheers,
Jeremy
My wife and I, are both aged pensioners
our joint income is about $30.000. per annum
we owe about$5000.00 on a higher credit card, from a non St George bank. We have enough money left over
at months end to make repayments,
Do you think we would qualify for your master card.
Thank you
Hi Rodger. If you want to apply for a card online, you will have to enter your employer’s contact information. It’s better to speak to a lender’s representative face to face about your application if you’re on a pension. Thanks.
After the 12 month period with .99% interest rate on balance transfers expires, is the balance transfer charged at the normal interest rate or at the cash advanced rate?
Hi,
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.”
Cheers
Jeremy
Hi There
Is it only possible to transfer the balance of credit and store cards, and not a personal loan in addition?
Thanks
Hi Rebecca,
Thanks for the question. Citibank are one institution that allows you to transfer the balance of a personal loan to a Citibank credit card. They are one of only a few institutions to offer this. Cheers.
Jeremy
When the 9 months is over and i have not being able to pay of the amount of the balance transfer what rate does the remaining balance revert to is it the CASH Advance rate or the purchase rate?
Hi David. After the balance transfer period is finished, interest will be charged at the purchase rate of interest. Cheers.
does this come down to 13.24% after 9 months can I also transfer a private bank loan as well as cred cards.
Thanks Jeff
Thanks for your question Jeff. At the end of the balance transfer period, the interest charged on any outstanding balance you have not paid off from the balance transfer promotion will be charged at the purchase rate of interest. St.George do not accept balance transfers from personal loans. Citibank are one institution that do. Hope this has helped.
how much is the minimum monthly repayment percentage
Hi Steve. The minimum monthly repayment for this card is 2.00%. Cheers.
What is the usual starting credit limit for this card? Say for example if I want to balance transfer $20000, is it likely that I can obtain a sufficient starting credit limit to ensure that I can transfer the whole balance over?
Hi Singi. The St.George Vertigo MasterCard has a maximum credit limit of $40,000. Balance transfers will be accepted up to 95% of the approved credit limit. The credit limit will be determined by the information the applicant has provided during the application process. Thanks for your question.
I have just completed an application for this cad but the terms say the low interest transfer will end after 6 months- not 9 months as stated here. Please advise
Hi Michelle. Sorry about the delay in getting back to you. The offer you applied for, and were approved for, is the offer you will receive on your credit card. If this is not the case, please contact you provider with your application reference number. Thanks.
Hi There,
I noticed you stated a 3% Foreign currency transaction fee will apply for any overseas transactions – will there be any other charges other than this?
Also if I had a $3000.00 overdue balance and paid it off fully the next statement, would the interest roughly calculate to $33 at the 13.24% interest rate?
Thanks
Hi Skye. Thanks for your question. The 3% foreign currency conversion applies is charged every time you use your card to make a purchase or withdraw cash outside Australia. Other fees apply depending on how you use your card; for instance, a cash advance fee of 2.5% will apply if you withdraw money from your card and you’re using credit (the banks money), a local ATM operator fee of approx. a couple of dollars and international ATM transactions fees are going to apply too.
For a cards with no foreign currency conversion fee, check our travel money comparison.
You can use our credit card calculator to find out how much interest you will need to pay. Hope this helped.
Some Balance Transfer Credit Cards require the applicant to be earning a minimum annual wage.
Is this the case with the St George Card? If so, what is the min gross annual wage?
Andrew
Hi Andrew. Thanks for your question. There is no minimum income requirement for this card. Cheers.
Just wondering if this card can be used using eftpos overseas.
Thanks
Emma
Hi Emma. This card can be used at an overseas EFTPOS terminal; however, you will incur fees and charges. For information on travel money options, please refer to our guide here. For information on overseas fees and charges pleaser refer to our article on foreign currency transaction fees. Cheers.
when applying for credit card and balance transfer, do I have to present ID in person at a ST George branch as I don’t live near a branch
Hi Linda. Thanks for your question. When applying for a card, you will be able to elect for a balance transfer. You do not need to visit a St.George branch in person. Hope this helps.
Hello,
I was hoping to balance transfer from a Westpac Credit Card to a St George card, would this be accepted?
Thanks.
Hi Alisdair. Thanks for your question. You can’t carry out a balance transfer between these two institutions as St.George are owned by Westpac. They won’t allow you to transfer your credit card debt as when a balance transfer is carried out, one institution is buying your debt from another. They then offer the customer the balance transfer rate of interest as a reward for switching lenders. If bank (i.e. Westpac) owns both institutions, then there’s nothing in it for them when a customer does a balance transfer. For a comparison of the available offers in the market at the moment, check our balance transfer page. Hope this helps.
hi, I have just received my credit report from Veda, its is all clear apart from a few inquiries. I am working part time and also have family payments, I have relocated an would like to obtain a low amount credit card to start getting my credit rating up and to be able to purchase online tickets, etc. I have been in my current job for 3 months, what are my chances of obtaining a credit card. Thank you for your time.
HI Kat. Provided that you meet the application requirements, there shouldn’t be any issues. Generally, a bank like St.George will look for a minimum of three months employment to check to see that you’re in a steady job. If you have been with your current employer for less than three or four months, you may be asked to provide a letter from your boss saying you have finished your trial or probation period at work. Please refer to our article on why credit card applications get declined for further information on this topic. Thanks for your question.
Is there a limit of how many times you can do a balance transfer? For example, after say 12 months, can you do a 2nd balance transfer from another credit card?
Hi James. Thanks for your question. If you get approved for the Vertigo MasterCard and activate the card, there is a nine month window in which you are able to perform as many balance transfers as you like, provided that the amount you wish to transfer is less than your approved credit limit. Say for instance you transfer the balance of one credit card at the start of the nine month introductory period and then you choose to transfer another balance down the track, you can only do this if it’s within the nine month period and your available credit limit is greater than the amount you wish to transfer. Hope this helps.
I need clarification about St George Vertigo interest free days. Some information states ‘up to 55 days interest free’, some ‘interest charged from purchase date’, and then ‘interest free period of 55 days is also the selling point of the card’. Which is correct? Regards, Mel H
Hi Mel. According to the St.George Vertigo MasterCard terms and conditions, ‘If the Offer states that you have interest free days on your card account, we do not charge interest on purchases or on our fees (excluding fees that result from a cash advance) that are listed on a statement if you pay the closing balance by the due date for payment listed on every statement. If you do not pay the closing balance on a statement by the due date for payment, you will not have interest free days on purchases or our fees unless you pay the closing balance by the due date in 2 consecutive statement periods.’
Hope this helps clear things up. Thanks for your question.
What is the fee for cash advances on this card?
Hi Anon. According to the St.George website, there is a cash advance fee of 2% of each cash amount (cash advance amount) withdrawn or advanced on, and all transfers (including, without limitation, transfers by Internet Banking or Phone Banking), from your credit card account with a minimum of $2.50. Cheers.
Thanks Anon.
The cash advance fee for this card is 2.5% which is on top of the 21.49% interest charged for cash advances.
All the best, Adrian.
My husband has 2 credit cards from different banks and I have a credit card also. Is it possible to balance transfer all three cards to one and open a card in both our names? Also what is the limit on a balance Transfer?
Thanks for your comment Belinda. You should be able to do this. One thing to keep in mind is that your balance transfer can only be up to 95% of your credit limit.
All the best
Hello, i am applying for this credit card for the ballance transfer. I need to know if ill be approved for this before i make my purchase with my other credit card then transfer it across.
Do I have to have the balance on my existing credit card before the balance transfer starts?
Hi Dalw. Thanks for your question. If you’re looking to carry out a balance transfer to the St.George Vertigo MasterCard, then the balance transfer will have to be done at the time of application. This means you will have to make the purchase on your old card before you apply for the new one; be careful though, as any credit card debt you have on other cards will be taken in to account on your new card application. Cheers.
If I apply for this card and get approved do I have to accept or can I still decline the credit card offer after it has been approved??
Hello Christine,
Thanks for the question.
This is possible; however, it should be noted that credit card enquiries, whether accepted or not, will still appear on an applicant’s credit file.
I hope this helps,
Marc.
I wish to do a balance transfer to St.George vertigo of $12500 for the interest reduction, but can I use the card prior to paying the transferred money in full. If I do use the card is that money get paid of last and continue to accrued interest
Hi Bronwyn. Thanks for your question. What you’re referring to is the allocation of credit card repayments. The law around the allocation of repayments changed in July 2012, you can find all the information you need on the banking reform here. If you spend on your card while you’re paying off a balance transfer debt with a low rate of interest, the charges that attract a high rate of interest like cash advances and purchases will be paid off first. This means your balance transfer debt will be the last debt to be paid off. Hope this helps.
Is there any reward program linked to this card? If so, what are the costs and what are the fees to use this card overseas?
Hi Katheryn. Thanks for your question. There is no rewards program offered with this card. Foreign currency transaction fees will apply for any overseas transactions – 3% of the amount of each foreign currency transaction, plus additional ATM operator fees when your card is used to withdraw cash – approx. $3.90. For more information on travel money, check our comparison page and for further information on cross currency conversion fees, check our post on the topic. Cheers.
Can i transfer balances from a Bank of melbourne Card and Ignite Westpac Card? The online application, does not seem to allow either of these to be transferred….
Hi Vanessa. Thanks for your question. Balance transfers are not allowed between the Bank of Melbourne and St.George as both institutions are part of the Westpac Group. For a comparison of balance transfer credit cards, please check this page. Cheers.
can I do balance transfer for my daughters credit card
Hi Betty. St.George do not allow you to transfer the balance from a credit card in someone else’s name. In order to take advantage of the low promotional rate of interest, you must be joint primary credit card holders on the new card, or the card must be in your daughter’s name. St.George Bank do however, let you apply for joint primary cardholders.
what is the minimum annual income?
Hi Katina. Thanks for your question. There is no minimum income requirement for this card.
I have an ANZ Visa card Credit limit $7,000 Can I open a Vertigo card and still keep my ANZ card open as I need it for my many auto payments.
Annual Income $23,000 gross
Hi John. If you carry out a balance transfer you do not have to close the old account. You can keep it open. Thanks.
do I have to have a debt on other card to be able to get 0% balance transfer or can I just for example buy plane tickets(7000$) and pay 0% for the first 8 months? thank you for your replay
regards
Hi George. To be eligible for a balance transfer you must be transferring an outstanding balance, it doesn’t matter whether it’s one day old or one month old. If you wish to sign up to a credit card and not pay any interest for a set promotional term, I suggest you look at credit cards that have extended interest free terms on purchases when the card is first activated. Thanks.
Does this card have frequent flyer points
HI Gail. Thanks for your question. This card does not have a rewards or frequent flyer program. Please refer to our frequent flyer comparison page for a list of cards that do. Cheers.
Can I apply for a balance transfer and credit card as a joint application with my wife?
Hi Rodolfo. Thanks for your question. You can do this provided that the card you’re transferring from is in both you and your partner’s names. For more information on this topic, please refer to our article on the subject. Thanks.
does this offer only apply to new customers?
are there any balance transfer offers for existing customers?
Hi Mandy,
thanks for the question!
According to St George, existing customers can still make use of the balance transfer offer, although the balance transfer needs to come from a non-St.George, BankSA and Bank of Melbourne Australian issued credit, charge or store cards.
I hope this helps,
Marc.
can i use my st georges mastercard credit card overseas i europe?
Hi Tarryn. Thanks for your question. You can use this card where ever MasterCard is accepted — millions of locations worldwide and across Europe. Please be aware that overseas credit card use will attract additional fees and charges. Compare travel money options before deciding which form of travel money to use.
How long must I have been a permanent resident in Australia to apply for is card
Hi Margaret. You can apply as soon as you’re considered a permanent resident. Thanks.
can you transfer across a GE Creditline Card??
Hi Alex. Thanks for your question. Yes, you can transfer between the GE Creditline Card and the Vertigo MasterCard. Balances will be accepted from the Vertigo MasterCard from store cards and credit cards. Hope this helps.
What Fees and charges will I incur if I pay this card off early?
can you do a o% balance transfer on a citibank ready credit card ??
Hi Brett. Thanks for your question. Yes, this is possible. Please compare Citibank credit cards here.
After 8 month 0% on balance transfer from my current card what interest rate will apply.
Hi Carlo. Thanks for your question. Please refer to this page for information about your question. Let me know if you still have questions after reading this post.
If im approved for a balance transfer which is greater than the amount owing on my current card will it send my current card into credit?
e.g i am approved for a balance transfer of $8000 but i only owe $5000 on my current card will it put my current card into $3000 credit?
Hello Elliot,
thanks for the comment!
A balance transfer only pays off the existing balance of your old card/s, it doesn’t act as a loan. Most card providers will allow applicants to balance transfer up to a maximum of 95% of their available credit limit, which is why a balance transfer amount might be greater than the amount needed. It requires you to specify the cards and amounts you’re transferring over from so it wouldn’t be possible to balance transfer more than you owe.
I hope this helps,
Marc.
Can you tell me when the 0% balance transfer interest period begins – from the time of the approved application or from the date the balance in transferred.
Hi Jacquie. Thanks for your question. The balance transfer is processed when you activate the card — this is when the promotional period begins. This video has information on the balance transfer process.
is it only balance transferred from one other card or two
Hi Zena. Thanks for your question. St.George will allow you to transfer from multiple credit cards – up to 95% of your approved credit limit. Jacob.
Am I able to consolidate the debt of two credit cards? One from Bankwest and the other from ANZ, and transfer it all onto a St.George Bank Credit Card?
Hi Kristy. Thanks for your question. Yes, you can do this. St.George Bank will allow you to transfer the balance of multiple non-St.George and Westpac Group credit cards, store cards and charge cards. You can transfer up to 95% of your approved credit limit. Say you were approved for a $10,000 limit, you can use $9,500 of this as a balance transfer. So, the total balance of both of your old cards that you wish to transfer from must be less than 95% of your approved credit limit on your new card (that’s if you’re looking to consolidate the entire debt). Also it’s worth mentioning that you don’t have to close your old credit cards after you carry out a balance transfer. Jacob.
Thank you. Do I apply on this website?
Hi Kristy. Yes, you can apply through CreditCardFinder.com.au. You can also apply in person or with St.George directly. Thanks for your question.
Hi, I don’t really understand how balance transfers work. I have Personal loan with another bank. I was thinking of applying for the St.Georges card and pay off my loan because I’m paying lots of interest. But when I read about balance transfer it says I’m supposed to transfer money from another credit card to St.George. Is it possible to pay off my loan using the St.Georges Low Interest Card. Could you please explain me to how the St.Gorges Vertigo MasterCard works?
Hi Ash. Thanks for your question. Balance transfers are generally accepted from credit cards charge cards or store cards; however, Citibank and Virgin are two institutions that will you to transfer the balance of a personal loan to their credit cards. For information on balance transfers people watch this video. For information on what you need to do after a balance transfer, please watch this video. Jacob.
Hi can you get an additional card with this one?
Hi Mick. You can have an additional card at no extra cost. Jacob.