| Credit Card | Balance Transfer Term | Transfer Fee | Annual Fee |
|---|---|---|---|
| Virgin No Annual Fee | 0% for 12 months | 0% | $0 |
| Coles No Annual Fee | 0% for 12 months | 0% | $0 |
| Citi Simplicity | 0% for 6 months | 0% | $0 |
If you only need a short-term balance transfer deal and want to avoid fees at all costs, then choosing a 0% balance transfer offer with with no fees is defintielvey favourable to saving you money upfront.
A no balance transfer fee offer saves you paying an upfront one to two percent that it typically charged on regular offers and when combined with no annual fee, it's a great headstart!
Tip: If you're sure you can pay off your card balance by the end of the 0% interest promotional period provided, then one of these cards can be a good option. But if you may need a longer term to pay down your credit card balance, then check out other zero-balance transfer deals that come with a fee but also a longer term, for example up to 36 months.
Virgin No Annual Fee (BT Offer)
Key Features
The Virgin No Annual Fee (BT Offer) is another card with reduced costs. It boasts a no-cost transfer fee on a 12-month balance transfer at 0% interest. Transfers can be made from credit cards, store cards, personal loans or lines of credit.
After the 12 months, any remaining transfer balance will be subjected to a 20.99% interest per annum rate until it's paid off.
Interest-free days are not available on new spending while you have a balance transfer, during this time purchases are charged at 18.99% p.a.
The minimum credit limit is $2,000, making it accessible to more applicants.
Extra Benefits
For mobile payments, you can use this card on the Samsung Pay app.
Eligbility
Your minimum income must at least be $25,000.
Coles No Annual Fee
Why We Like It:
The Coles No Annual Fee credit card currently has a great balance transfer offer that also allows you to transfer from credit cards, store cards or even personal loans.
Within 90 days from approval, you can transfer over your balance at 0% interest for 12 months with no fee. (These deals are available to new customers only). The remaining balance after the interest-free period ends reverts to the rate of 19.99% p.a.
But be mindful that this card does not allow its 55 days interest-free while having a balance transfer. This means that new purchases on the card will be immediately charged 19.99% p.a. interest until paid off completely.
For new spending, you can earn 1 Flybuy point for every $2 spent on purchases eligible for Flybuy points. Every time you reach 2,000 Flybuy points you will automatically redeem $10 off your Coles supermarket shopping at the checkout.
Its minimum credit limit amount allowed is $2,000.
Extra Benefits:
Since it integrates with the Flybuy program, you can earn points on this card and, in turn, get the chance to redeem accumulated points for things like gifts, tickets, flights, and more.
A plus with this card is that if a purchased item should, unfortunately, break or get stolen within 90 days of you buying it, the included purchase protection should kick in, enabling you to replace the item.
You also can access its 24/7 concierge services for travel, entertainment, and lifestyle planning and booking assistance.
Income Eligibility:
There is no minimum income requirement.
Citi Simplicity
Why We Like It:
The Citi Simplicity is a no annual fee credit card with a no balance transfer fee for a 0% for 6 months offer (BT offer available to new card customers only).
Any balance remaining after the balance transfer term will revert to a rate of 22.24% p.a. Again like the other cards above, this card also lets you transfer balances over from credit cards, charge cards, personal loans, or lines of credit.
During the balance transfer period of 12 months there are no interest-free days. The interest rate on purchases is 21.49% p.a
This card's minimum credit limit is $2,000 and its maximum is $100,000.
Extra Benefits:
This card can also be suited for shoppers who need a little extra security as they shop online or in-store. As it includes purchase protection, extended warranty insurance, and guaranteed pricing.
You can also use this card for its complimentary Priceless Cities membership and pick up tickets to shows, hotel discounts, and other benefits. Plus, 10% discounts (up to $250) off Hotels within Australia and Overseas with its Luxury Escapes.
Income Eligibility:
No minimum income requirement.
Check out other similar articles: Best No Annual Fee Credit Cards.
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Citi Simplicity
Why We Like It:
The Citi Simplicity is a no annual fee credit card with a no balance transfer fee for a 0% for 6 months offer (BT offer available to new card customers only).
Any balance remaining after the balance transfer term will revert to a rate of 22.24% p.a. Again like the other cards above, this card also lets you transfer balances over from credit cards, charge cards, personal loans, or lines of credit.
During the balance transfer period of 12 months there are no interest-free days. The interest rate on purchases is 21.49% p.a
This card's minimum credit limit is $2,000 and its maximum is $100,000.
Extra Benefits:
This card can also be suited for shoppers who need a little extra security as they shop online or in-store. As it includes purchase protection, extended warranty insurance, and guaranteed pricing.
You can also use this card for its complimentary Priceless Cities membership and pick up tickets to shows, hotel discounts, and other benefits. Plus, 10% discounts (up to $250) off Hotels within Australia and Overseas with its Luxury Escapes.
Income Eligibility:
No minimum income requirement.