St.George Vertigo Platinum Credit Card - 0% Balance Transfer 24 Months, No Balance Transfer Fee, $99 Annual Fee Waived 1st Year

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Paaruu on 19/12/2017 - 08:10 stgeorge.com.au (879 clicks)
Last edited 02/04/2018 - 20:36 by 3 other users

Hi all,

Came across this brilliant St.George Vertigo Platinum Credit Card Offer via Finder.com.au:

• 0% Balance Transfer 24 Months.

• No Balance Transfer (BT) Fee.

• $99 Annual Fee Waived 1st Year.

• Balance transfer from up to 3 cards issued by banks other than Bank of Melbourne, St.George and BankSA.

• Offer Validity: 14 December 2017 and 28 February 2018 1 February 2018 to 30 April 2018.

• It's a good bargain as going via the bank site directly does not give you annual fee or BT fee waiver.

Happy bargaining! :)

via Finder

Related Stores

St.George Bank

• 

  teacherer on 19/12/2017 - 08:23

  Any perks?
  Coles Mastercard offers 6 months insurance and 2 years price protection, no international fees
  For $89

  • 

    Gandalf the Thrifty on 19/12/2017 - 09:06

    +1

    Looks to be posted for 24mth balance transfer. Bankwest platinum is free and has insurance and no international fees but no rewards.

  • 

    stealshopper on 19/12/2017 - 10:22

    Coles MC have failed to do a balance transfer for me for over a month now. Been stuck between customer service and back office. No amount of calls, escalations have helped. $99 fees paid not worth it. Go elsewhere. Just sharing my experience. Share if you have similar experience?

    • 

      teacherer on 19/12/2017 - 10:32

      That sucks
      I've had probably 600 paid in price protection and merchandise protection since april

    • 

      arctan on 19/12/2017 - 11:06

      +1

      Same experience here. Their call centre in India is hopeless. Endless empty promise and never actioned on my request (a simple request for supplementary card). They never seem to do anything there and I even lodged complain to Liberty Finance (the company manages Coles MC) still hear nothing. This is one of the worst financial service company I had dealt so far.

      • 

        stealshopper on 19/12/2017 - 14:01

        Sorry to hear that and totally agree, as hopeless and shameful as can be

• 

  ryang on 19/12/2017 - 08:32

  Purchase rate (p.a.) 12.74% p.a.

• 

  anna10 on 19/12/2017 - 09:11

  Thanks aaruu. Sadly, no sign on bonus is not worth the credit check. What’s a purchase rate anyway?

  • 

    enzso on 19/12/2017 - 14:25

    Aside from the annual fee it's the next most important number. It's how much interest they'll charge you on any purchases you make if you haven't paid the balance in full by the due date. 12.74 isn't too bad.

    • 

      aaruu on 19/12/2017 - 14:54

      In T&C, it states "The applicable variable cash advance rate will apply to balance(s) transferred but left unpaid at the end of the promotional period" which currently is 21.49% p.a. (ouch!) It's not the purchase rate. Purchase rate on its own is quite good though. 24 months could be a fair enough time to plan to pay a balance transfer off or save enough & transfer to another card in true ozbargain spirit :)

    • 

      anna10 on 21/12/2017 - 11:36

      Thanks enzso. I hadn't paid attention to that as I always pay off in full.

• 

  oleglap on 19/12/2017 - 09:53

  for anyone considering switching, my experience is in this thread:
  https://www.ozbargain.com.au/node/318330#comment-4873853

  • 

    fantacular on 19/12/2017 - 14:50

    +1

    FWIW i applied for a st george balance transfer card earlier in the year, similar deal to this. my experience was pretty painless. i have been a westpac customer in the past so they didn't need ID, and the card was posted to my home address. i had the BT cash advanced to another credit card within two weeks of applying and have used it to buy a used car. worked out really well.

• 

  JuryWheel on 19/12/2017 - 10:07

  24 balance transfer is good, but $99 fee for second year kills it for me…

  • 

    cumova on 19/12/2017 - 10:14

    +2

    what are you using the balance transfer for?

    even if to BT $10k and put it on your mortgage, you will save around $400pa (using 4% rate). Less the $99annual fee you are still in front.

    if you are BT a credit card balance its even better.

    • 

      JuryWheel on 19/12/2017 - 10:22

      Yep, you will still make good money, but i guess losing $99 from your $800 savings over he 2 year period may not be worth it for all. Agreed, anyone that has a credit card balance is nuts if they are eligible for a balance transfer and havent utlised it!

    • 

      aaruu on 19/12/2017 - 14:58

      Agree, I use my card limits very well when it comes to 0% balance transfers. I usually get the retentions team to waive off the BT fee, do free BTs and save interest via transfers into my offset account eventually. As a result of interest savings, I recover ALL fees associated with my accounts, and make a decent saving as well. Win-Win!

      • 

        freewhere on 09/01/2018 - 10:53

        Sorry I couldn't follow, could you dumb it down plz?

      • 

        aaruu on 09/01/2018 - 12:39

        +3

        @rob359: Hey Rob, what I meant was usually banks are reluctant to waive the usual 2% or 3% Balance Transfer (BT) fee attached to a Balance Transfer. What I do in easy points below :)
        1) I call the customer service & request to be transferred to closures/ card retention team, you just need to say you're getting a better deal elsewhere & are considering leaving your bank. They have discretion to waive off the BT fee and even offer special interest rates. E.g. I called ANZ card retentions team, got my 2% BT fee waived and got 0.00% for 24 months BT offer even being an existing customer, without applying for new card.
        2) Then I got that BT transferred into another non-ANZ credit card which had zero balance (i.e. full limit available) putting it into credit. E.g. card limit was $5,000, but I got another $15,000 from ANZ transferred into it, making the balance $20,000 in total, $15,000 of my extra money in it, more than the credit limit.
        3) Then I transfer that extra credit amount into my mortgage offset account (can be done via online banking, atm/ over counter withdrawals). Most banks don't charge any cash advance fee for taking any credit amounts out from credit card. Just do the credit withdrawal a day after deposit to be on safe side as some cards require the credit to be processed which usually happens overnight on a working day. That way I save e.g. 4.00% (home loan interest rate) on this $15,000 off my home loan for 24 months (BT transfer period).
        4) Money saved from home loan kind of pays all my fees for credit card annual fees, loans fees etc. This way I recover any bank fees equivalent I pay and always end up saving more than I pay.

        Hope the above makes sense, Cheers! :)

      • 

        freewhere on 09/01/2018 - 13:04

        +1

        @aaruu: Fk that's brilliant.

      • 

        aaruu on 09/01/2018 - 16:27

        +1

        @rob359: Ha ha, haven't paid any bank fee from past 11 years since the time I realised I can make the banks pay it for me, royal treatment :)

      • 

        tenshi13 on 13/01/2018 - 15:22

        I'm with suncorp and they've advised that I'd still get charged cash advacned even if my cc is in positive credit,
        what banks if any of you've tried, that does not charge cash advance fees when withdrawing from CC?
        If you are willing to share, plz pm :P

      • 

        aaruu on 13/01/2018 - 15:31

        +1

        @tenshi13: I've used these three in the past with no cash advance fee on the positive credit amount on credit card - ANZ, NAB, WESTPAC, GO MASTERCARD (GE). I'd recommend to read the PDS for accurate & current info.

      • 

        belesci on 26/02/2018 - 22:23

        @aaruu:
        So guys i was going to sign up to this. I wont be charged if I transfer the funds to my debit account? Thanksin advance

      • 

        aaruu on 27/02/2018 - 06:37

        @belesci: Initial balance transfer is to a credit card only. Funds to reach to your debit account would need an extra step to put your another credit card in credit. Please refer to my detailed message above on the process I follow. Good luck!!

      • 

        belesci on 27/02/2018 - 07:00

        @aaruu: thanks @aaruu ive got a credit card and will do a balance transfer. My limit is 20k with the old one. Do i just transfer that one across and ready to go or need to do something else before that 😅

      • 

        aaruu on 27/02/2018 - 08:13

        @belesci: My understanding is (in simple money terms):
        1) St. George will put money into your existing credit card putting it into credit i.e. your existing card's $20K limit + St. George's transfer amount e.g. $10K. Your existing card will show total available balance of $30K ($20K existing limit + $10K new transfer) then.
        2) You will transfer only the credit amount ($10K newly transferred by St. George) out from existing $20K limit card into your debit account. Your balance will reduce from $30K, back to your credit limit of $20K.
        3) I would recommend transfer the credit amount a day after it has reached your existing credit card to avoid potential issues if your bank takes a working day (overnight) to process credits. Play safe!

        Hope the above makes sense. That is what I hope you intend to do as that's what I do with my balance transfer playoffs.

        Good Luck!! :)

      • 

        belesci on 27/02/2018 - 13:23

        +1

        @aaruu: thanks alot thats what i was looking for thanks for your time 👍🏻

      • 

        aaruu on 27/02/2018 - 13:32

        @belesci: No probs, happy to help :)

• 

  tenshi13 on 13/01/2018 - 16:05

  +1

  @aaruu thanks for the kind reply, will check it out :D

• 

  [Deactivated] on 16/01/2018 - 14:46

  +1

  listed as extended to jan 31st

  Applied