What can you get from the St George Vertigo Credit Card?
Balance Transfer Offer:
Currently offering 2.99% p.a. on balance transfers for the first 6 months, the St George Vertigo credit card is an great choice if you have balances on existing credit cards and store cards that you want to transfer. With this great saving on interest, you will be able to pay off your current credit card debt much quicker.
Low Ongoing Interest Rates:
While many balance transfer credit cards revert to much higher interest rates at the end of the introductory balance transfer period, the St George Vertigo credit card has a low ongoing purchase rate of 13.24% p.a. This means that even after you have paid off your transferred balance, the St George Vertigo MasterCard is still a great choice as a low rate credit card that can be used for everyday purchases.
No Annual Fee the first year:
With no annual fee the first year, $55 thereafter, the St George Vertigo MasterCard is a great value credit card.
55 Day Interest Free Period:
With a 55 day interest free period, St George Vertigo credit card users will pay no interest on purchases for 55 days.
Free Additional Credit Card:
The St George Vertigo MasterCard offers users one additional credit card that can be used by a family member or friend. Both credit cards are linked to one account with one bill, making it easy to keep track of transactions.
Link to Other St George Accounts:
It's easy to link the St George Vertigo credit card to your other St George accounts, making it simple and convenient for banking access and account transfers.
Excellent Customer Service:
With access to 24/7 telephone and online banking, St George Vertigo credit card users have rated St George customer service as friendly, efficient and helpful.
Why would you need a St George Vertigo MasterCard?
- If you have existing credit card or store card debt that you want to consolidate and pay off quickly;
- If you are looking for a great balance transfer deal offered over a long period of time;
- If you want a credit card that has a low ongoing purchase rate;
- If you want a credit card that is highly rated by its users;
- If you want a multi-award winning credit card rated by Canstar Cannex and Money Magazine;
- If you want a credit card that has a no annual fee saving in the first year, $55 thereafter.
What awards has the St George Vertigo MasterCard won?
Not just highly-rated by its customers, the St George Vertigo credit card has been recognised by experts in the industry as an outstanding credit card.
Money Magazine Award:
As a top financial publication, Money Magazine provides respected reviews and advice on financial products and services. Each year, Money Magazine compares a range of products, and awards those that stand out as the best on the market. In 2007, the St George Vertigo MasterCard was awarded Australia's Cheapest Credit Card, and in 2009, again the St George Vertigo MasterCard was awarded Australia's Cheapest Balance Transfer Credit Card.
Financial experts at Canstar Cannex analyse and rate financial products on the market. Using a star system, each product is analysed according to its features and the interest rates charged. The top rating of five stars is only awarded to exceptional financial products, offering the highest value to customers. The St George Vertigo MasterCard was awarded a Cannex 5-Star rating, meaning that it is one of the best credit cards on the market.
What requirements are needed to be approved for a St George Vertigo Credit Card?
- Minimum income requirement of $15,000 p.a.;
- You must be an Australian Resident;
- You must have good credit history;
- See the St George Vertigo MasterCard website for full terms and conditions.
Balance transfer requirements for the St George Vertigo Credit Card:
- You can only transfer balances from other non-St George credit cards;
- There is a minimum transfer balance of $200, up to a maximum of 95% of your approved limit on your new card;
- Balances can only be transferred from credit cards issued within Australia;
- Balance transfers will only be accepted from credit card accounts with a good credit history.
Looking for a different balance transfer card? We have a large range of 0 balance transfer cards as well as interest free balance transfer cards. If you are still unsure about the right card, please read the common questions below or alternatively check out our free e-book on balance transfer
What is a Balance Transfer Credit Card?
A balance transfer credit card like the St George Vertigo MasterCard, offers low interest rates on balances transferred from existing store and credit cards for a certain length of time. With the St George Vertigo MasterCard, you will pay only 2.99% p.a. on balances transferred for the first 6 months.
Why would I need a Balance Transfer Credit Card?
By transferring debt from existing credit cards that charge much higher interest, onto a balance transfer credit card like the St George Vertigo MasterCard, you will pay far less interest on that transferred debt for the first 6 months. This will allow you to pay back the debt much faster.
How do I use a Balance Transfer Credit Card?
If you transfer debt from existing credit cards onto a balance transfer credit card like a St George Vertigo MasterCard, it's best to pay off that debt before using the card for purchases. Take advantage of the low interest rate to pay off the debt as quickly as possible. Any purchases made before this will accumulate interest until the balance transfer debt has been fully paid off.
What happens if I don't pay off the transferred debt on a Balance Transfer Credit Card?
At the end of the introductory period, any unpaid balance will revert to the purchase or cash rate for that credit card. It's important to choose a credit card that reverts to a low ongoing rate like the St George Vertigo MasterCard, so that you can continue to use the credit card for everyday purchases.
How do I do a balance transfer on the St George Vertigo Credit Card?
Within the application for the Vertigo MasterCard, you will complete documentation to transfer balances from existing credit cards and store cards. If you are approved, the balances should be transferred within 14 days of the account being opened.
Do I need to close my existing credit cards after the balance transfer to my new St George Vertigo MasterCard?
You can choose to keep those credit cards open. However, be aware that St George will not automatically close your older credit accounts when transferring the balance onto the new St George Vertigo MasterCard. It's up to you to close any older credit card accounts.