0% balance transfer fee credit cards can save you paying an upfront fee for a balance transfer offer.
A zero balance tranfser fee is always a great option. But it's even more suitable for you if you're looking for a shorter-term balance transfer offer or simply want to avoid fees at all costs.
Click the link to browse the 0% balance transfer fee credit cards available online in Australia.
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0% balance transfer fee offers with $0 annual fee
For further no fees, you can seek out the 0% balance transfer fee credit cards with no annual fee. Typically, these offers are rare to spot in the market, but we have found a few for you.
Click the link to browse the 0% balance transfer fee credit cards with $0 annual fee available online in Australia.
Check the reverted interest rate
Do your checks when choosing a balance transfer and one of them is checking the reverted interest rate. Any unpaid balance transferred will be subjected to the reverted interest rate after the term expires.
For example, with a 0% for 6 months balance transfer offer, any transferred balance not paid off within the 6 months is then subjected to the reverted interest rate.
Most of the time the reverted interest rate is set at the cash advance rate. But sometimes there are offers in the market that have a low reverted interest. Seek out a low reverted interest rate card if you think you may not pay off your balance transfer by the end of its term.
Balance transfer offer's maximum amount
Usually only up to 80% of the credit limit is eligible for a balance transfer. When looking transfer a specific balance transfer amount, you want to check the credit limit of the credit card you apply for. This way you can have a high enough credit limit to cover the amount you wish to transfer.
For example, if you have an existing credit card balance of $8,000 that you're paying monthly interest on and wish to balance transfer it. Then getting a balance transfer offer that has a 80% balance transfer limit and a credit limit of $10,000 or more is required (fees need to be taken into account).
Keeping the card after the balance transfer offer ends?
If you plan on keeping the credit card after the offer ends, then do compare the extra benefits between the offers in the market. But if you're sure to be closing the credit card after the offer ends, then, comparing the extra features may not be that important.
As always if you have any comments feel free to share them below.