Credit CardBalance TransferTransfer FeeAnnual Fee
Citi Platinum - Balance Transfer Offer0% for 26 months1.5%$0 in 1st year
HSBC Low Rate0% for 20 months2%$99
St.George Vertigo0% for 18 months0%$55
Westpac Low Rate0% for 16 months0%$59
ANZ Low Rate0% for 15 months0%$58
Virgin Low Rate0% for 14 months0%$49
Woolworths Everyday Platinum0% for 14 months0%$0 in 1st year

Searching for the best balance transfer credit card offers can be very exhausting. To help you, we have compared and listed the best balance transfer credit cards in Australia.

A balance transfer provides the opportunity to transfer a spending balance from one credit card to another under a promotional interest rate. To transfer a balance, most providers charge a one time upfront cost, known as a balance transfer fee that typically ranges between 0% to 3%. 

Or click on the link to compare more balance transfer credit cards listed on our website. 

Citi Platinum (Balance Transfer Offer)

  • Balance Transfer: 0% for 26 months with 1.5% transfer fee.

  • Annual Fee: $0 in 1st year and $199 thereafter.

  • Purchase Rate: 20.99% p.a.

Why We Like It:

The Citi Platinum (Balance Transfer Offer) is a rewards credit card that comes with a good mix of premium benefits. Plus, it also offers one of the longest balance transfer months available in the market.

Its balance transfer offer of 0% p.a. for 26 months does require an upfront 1.5% transfer fee. Any remaining amount of transferred balances will revert to the cash advance rate of 21.74%. As an added bonus, its annual fee in the first year is waived and then $199 thereafter. 

If reward points are of great interest to you, then collect 1 point per $1 spent on domestic and international purchases, with domestic capped at $10,000 per statement period. Furthermore, holding a diners club card can earn you extra points at 2 points per $1 spent on eligible purchases. 

 

Extra Benefits: 

As mentioned, a good mix of complimentary insurances are available on this card. These included international travel insurance, purchase cover insurance and extended warranty.

More premium benefits are available to the cardholder related to dining and entertainment. Treat yourself to a free bottle of wine at partner restaurants, a free membership to Visa front line access and have accessibility to a 24/7 personal concierge.  

 

Income Eligibility: 

The minimum income required is $35,000.

 

HSBC Low Rate

  • Balance Transfer: 0% for 20 months with 2% transfer fee.

  • Annual Fee: $99.

  • Purchase Rate: 12.99% p.a.

Why We Like It:

The HSBC Low Rate credit card has a relatively low interest rate of 12.99% p.a. on purchases and offers 0% pa.a for 20 months with a 2% transfer fee. Any balance transfer remaining after the promotional term ends is then reverted to its cash advance rate of 25.99% p.a. Its annual fee is relatively low at $99. 

 

Extra Benefits: 

Get access to HSBC Instant Saving a complimentary membership to Frequent Values by Entertainment Publications. Giving you access to 4,500 exciting offers at participating stores, restaurants, hotels and family attractions when using your card.

Don't forget when you booking flights with your card you can get complimentary domestic travel insurance. Or get even get 60 months interest free on your credit card when buying furniture, kitchens, computers, TVs, home improvement and more at participating retailers.

 

Income Eligibility: 

The minimum income required is $40,000.

 

St.George Vertigo

  • Balance Transfer: 0% for 18 months with no transfer fee.

  • Annual Fee: $55.

  • Purchase Rate: 13.99% p.a.

Why We Like It:

The St.George Vertigo is a combination of a low interest rate and frequent flyer credit card. Plus, it has a very attractive balance transfer offer of 0% for 18 months with no transfer fee. After the promotional balance transfer ends, any remaining balances will rever to 19.49% p.a. With a purchase rate of 13.99% p.a. and a low annual fee of $55, this is potentially a great option to switch over too. 

Each $1 spent will earn you 0.75 Velocity Points with the except of government bodies in Australia whereby instead will earn you 0.5 Velocity points.

 

Extra Benefits: 

Managing your credit card through the St.George app has never been easier. The cardholder can setup up notifications to remind you when your card payment is due and when large transactions are made. Or easily check your purchases as you go, temporarily lock your card or change your transaction limits. 

 

Income Eligibility: 

There is no set minimum income required.

 

Westpac Low Rate

  • Balance Transfer: 0% for 16 months with no transfer fee.

  • Annual Fee: $59.

  • Purchase Rate: 13.74% p.a.

Why We Like It:

One awesome offer is the Westpac Low Rate with its 0% p.a. for 16 months and no transfer fee. But this offer is only available until 31st March 2020.

Any transferred balances that remain after the 16 months will be subjected to the cash advance rate of 21.49%.

It's great for those who want a small credit limit and for students. The minimum credit limit is $500 and annual fee is $59. Interest free days are up to 55 days.

 

Extra Benefits: 

N/A. 

 

Income Eligibility: 

There is no set minimum income required.

 

ANZ Low Rate

  • Balance Transfer: 0% for 15 months with no transfer fee.

  • Annual Fee: $58.

  • Purchase Rate: 12.49% p.a.

Why We Like It:

ANZ Low Rate credit card has a low interest rate of 12.49% and no transfer fee on balance transfer 0% for 15 months. At the end of the BT term, any outstanding transferred balances will be subjected to a 21.74% p.a rate. With a relatively low annual fee of $58 and only a minimum credit limit of $1,000, this is no doubt a competitive option in the market. 

 

Extra Benefits: 

With this card, you will be granted free membership to Visa Entertainment, giving you access to special offers, ticket pre-sales and movie screenings. 

 

Income Eligibility: 

The minimum income required is $15,000.

 

Virgin Low Rate

  • Balance Transfer: 0% for 14 months with no transfer fee.

  • Annual Fee: $49.

  • Purchase Rate: 11.99% p.a.

Why We Like It:

Virgin Low Rate is another credit card favorite when it comes to interest rates. It has a low purchase annual rate of 11.99% and a balance transfer at 0% for 14 months with no transfer fee. Plus, it has only a low annual fee of $49.

The Virgin Low Rate is one of the few credit cards in the market that has a short term cashback offer. Its cashback offer gets you 10% cash back (capped at $100 total) on spending in the first 3 months. 

 

Extra Benefits: 

If you prefer doing mobile payments, then with an Android smartphone you can use Samsung Pay with this card. 

 

Income Eligibility: 

The minimum income required is $35,000.

 

Woolworths Everyday Platinum

  • Balance Transfer: 0% for 14 months with no transfer fee.

  • Annual Fee: $0 in 1st year. Thereafter $49 p.a.

  • Purchase Rate: 19.99% p.a.

Why We Like It:

Woolworths Everyday Platinum is a rewards credit card with a great balance transfer of 0% for 14 and no transfer fee. The balance transfer rate reverts back to 21.99% after the 14 months ends. As a bonus, if you apply by 31 October 2019, then the $49 annual fee is waived in the first year of having the card. 

In terms of reward points, you can earn 3 points for every $1 spent on all purchases of Woolworths Select and Woolworths brand products. Or collect 2 points for every $1 spent on purchases at Woolworths Supermarkets as well as Dan Murphy’s, Cellarmasters, BWS, BIG W and participating Caltex Woolworths fuel outlets. And finally, earn 1 point for every $1 spent on eligible purchases everywhere else. 

When every 2,000 Woolworths Rewards points have been earned, you automatically get $10 off your next eligible shop.

 

Extra Benefits: 

If you like gift cards, then you'll be happy to hear that the cardholder can score a $50 Woolworths eGift Card when spending exceeds $150 every month for 3 months in store or online at Woolworths. 

Platinum Extras do come with the card but only on credit limits of $6,000 and above. These are purchase security insurances and wallet guard, 24/7 concierge services and access to the Visa luxury hotel collection

 

Income Eligibility: 

The minimum income required is $30,000.

 

You can check out other similar best credit cards lists below:

top interest free credit cards

best low interest rate credit cards

We hope you found our list of best balance transfer credit cards in Australia for 2019 helpful! Feel free to comment below with your thoughts on our blog.

To get more similar related blogs and helpful tips, feel free to drop your email at the bottom of our homepage. Or follow us on Facebook, Instagram or Twitter.