The St George Vertigo Mastercard Presents
July 6, 2009 by admin
St George Vertigo Master card has been voted as the cheapest balance transfer credit card by Money Magazine for two consecutive years, 2007 and 2008. This is the reason why it is one of the most popular credit cards in Australia also.
Let’s Review St George Vertigo Master Card and weigh the offer:
- Low Interest rate of around 10.99% on purchases made.
- Interest rate of around 19.99% on cash advances. It should be noted that interest free credit is not applicable to cash advances. Hence, if at anytime, you overdraw cash, repay it at the earliest.
- Interest free credit on purchases made up to 55 days.
- Balance transfer at 0% for the first six months. These six months are counted from the date when your St. George Vertigo Master Card was processed, irrespective of the date when actually the balance was transferred.
- Annual fee of $55 per annum
- Minimum credit limit is $500. This is ideal for students and as an add-on card.
- In addition to this, you get an additional card for family or friend
- You can link with card to access your St. George account.
- All the transactions are completely secured. You will not be liable for unauthorized use of the card, unless the unauthorized use is caused by your fault.
Points to remember
You can enjoy a 55 day interest free credit on purchase only if you make full payment within 55 days. This means that if you make purchases worth $1000, and pay within 55 days, you don’t have to pay interest. But if you make part payment of say $500, then, interest will be calculated on the balance $500 from the date of purchase. Also, you will not enjoy interest free credit on purchases, till the amount debited on account of balance transfer remains unpaid. Therefore it is always advisable to make any repayments due on credit card in the same month.
So, if you are looking for a cheap card, with all the benefits, you’ve got a deal with St. George Vertigo Master Card.
