Balance transfer credit cards

Catch yourself a break paying interest on credit card debt by switching to a balance transfer credit card and instead get 0% p.a. interest for months.

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Credit Card

  • Balance Transfer Offer
  • Balance Transfer Fee
  • Annual Fee
  • Purchase Rate (p.a.)
  • Minimum Income
HSBC Platinum
HSBC Platinum
  • Balance Transfer Offer 0% for 36 months
  • Balance Transfer Fee 0%
  • Annual Fee $129
  • Purchase Rate (p.a.) 19.99%
  • Minimum Income $40,000
  • Purchase Protection
  • Domestic & International Travel Insurance
  • Cashback
    Frequent Flyer Points
    2 airport lounge passes every year to over 1,100 lounges worldwide and membership with LoungeKey
    Apple Pay, Google Pay
    Frequent Values & Visa Premium Benefits
Purchase Interest Rate: 19.99% p.a.
Cash Advance Rate: 21.99% p.a.
Minimum Repayment: $20 or 3% of the closing balance, whichever is greater
Annual Fee: $129
Minimum Credit Limit: $6,000
Late Payment Fee: $30
Interest Free Days: 55 days
Additional Cardholders: No fee for additional cardholders
Purchase Protection: Yes
Travel Insurance: Domestic & International Travel Insurance
Mobile Pay: Apple Pay, Google Pay
Airport Lounge: 2 airport lounge passes every year to over 1,100 lounges worldwide and membership with LoungeKey
Entertainment: Frequent Values & Visa Premium Benefits
Balance Transfer Rate: 0% p.a. for 36 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 21.99% p.a.
ANZ Low Rate
ANZ Low Rate
  • Balance Transfer Offer 0% for 30 months
  • Balance Transfer Fee 0%
  • Annual Fee $58
  • Purchase Rate (p.a.) 12.49%
  • Minimum Income $0
  • Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
    VISA Entertainment
Purchase Interest Rate: 12.49% p.a.
Cash Advance Rate: 20.24% p.a.
Minimum Repayment: $25 or 2.5% of the closing balance, whichever is greater
Annual Fee: $58
Minimum Credit Limit: $1,000
Late Payment Fee: $20
Interest Free Days: 55 days
Additional Cardholders: Up to 3 additional cardholders at no extra cost
Mobile Pay: Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Entertainment: VISA Entertainment
Balance Transfer Rate: 0% p.a. for 30 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 20.24% p.a.
Citi Rewards (Balance Transfer Offer)
Citi Rewards (Balance Transfer Offer)
  • Balance Transfer Offer 0% for 30 months
  • Balance Transfer Fee 0%
  • Annual Fee $149
  • Purchase Rate (p.a.) 21.49%
  • Minimum Income $35,000
  • Purchase Protection
  • International Travel Insurance
  • Cashback
    Frequent Flyer Points
    Concierge Service
    Free Wine Every Time You Dine With The Citibank Dining Program
    Apple Pay, Samsung Pay, Citi Pay
    Priceless Cities & Citi World Privileges
Purchase Interest Rate: 21.49% p.a.
Cash Advance Rate: 22.24% p.a.
Additional Cardholders: Up to 4 additional cardholders for a $90 annual fee per card
Annual Fee: $149
Minimum Credit Limit: $6,000
Minimum Repayment: $30 or 2.5% of the closing balance, whichever is greater
Interest Free Days: 55 days
Maximum Credit Limit: $100,000
Late Payment Fee: $30
Purchase Protection: Yes
Entertainment: Priceless Cities & Citi World Privileges
Mobile Pay: Apple Pay, Samsung Pay, Citi Pay
Concierge Service: Yes
Dining: Free Wine Every Time You Dine With The Citibank Dining Program
Travel Insurance: International Travel Insurance
Balance Transfer Rate: 0% p.a. for 30 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 22.24% p.a.

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Showing 10 out of 48 results

Credit Card

  • Balance Transfer Offer
  • Balance Transfer Fee
  • Annual Fee
  • Purchase Rate (p.a.)
  • Minimum Income
HSBC Platinum
HSBC Platinum
  • Balance Transfer Offer 0% for 36 months
  • Balance Transfer Fee 0%
  • Annual Fee $129
  • Purchase Rate (p.a.) 19.99%
  • Minimum Income $40,000
  • Purchase Protection
  • Domestic & International Travel Insurance
  • Cashback
    Frequent Flyer Points
    2 airport lounge passes every year to over 1,100 lounges worldwide and membership with LoungeKey
    Apple Pay, Google Pay
    Frequent Values & Visa Premium Benefits
Purchase Interest Rate: 19.99% p.a.
Cash Advance Rate: 21.99% p.a.
Minimum Repayment: $20 or 3% of the closing balance, whichever is greater
Annual Fee: $129
Minimum Credit Limit: $6,000
Late Payment Fee: $30
Interest Free Days: 55 days
Additional Cardholders: No fee for additional cardholders
Purchase Protection: Yes
Travel Insurance: Domestic & International Travel Insurance
Mobile Pay: Apple Pay, Google Pay
Airport Lounge: 2 airport lounge passes every year to over 1,100 lounges worldwide and membership with LoungeKey
Entertainment: Frequent Values & Visa Premium Benefits
Balance Transfer Rate: 0% p.a. for 36 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 21.99% p.a.
ANZ Low Rate
ANZ Low Rate
  • Balance Transfer Offer 0% for 30 months
  • Balance Transfer Fee 0%
  • Annual Fee $58
  • Purchase Rate (p.a.) 12.49%
  • Minimum Income $0
  • Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
    VISA Entertainment
Purchase Interest Rate: 12.49% p.a.
Cash Advance Rate: 20.24% p.a.
Minimum Repayment: $25 or 2.5% of the closing balance, whichever is greater
Annual Fee: $58
Minimum Credit Limit: $1,000
Late Payment Fee: $20
Interest Free Days: 55 days
Additional Cardholders: Up to 3 additional cardholders at no extra cost
Mobile Pay: Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Entertainment: VISA Entertainment
Balance Transfer Rate: 0% p.a. for 30 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 20.24% p.a.
Citi Rewards (Balance Transfer Offer)
Citi Rewards (Balance Transfer Offer)
  • Balance Transfer Offer 0% for 30 months
  • Balance Transfer Fee 0%
  • Annual Fee $149
  • Purchase Rate (p.a.) 21.49%
  • Minimum Income $35,000
  • Purchase Protection
  • International Travel Insurance
  • Cashback
    Frequent Flyer Points
    Concierge Service
    Free Wine Every Time You Dine With The Citibank Dining Program
    Apple Pay, Samsung Pay, Citi Pay
    Priceless Cities & Citi World Privileges
Purchase Interest Rate: 21.49% p.a.
Cash Advance Rate: 22.24% p.a.
Additional Cardholders: Up to 4 additional cardholders for a $90 annual fee per card
Annual Fee: $149
Minimum Credit Limit: $6,000
Minimum Repayment: $30 or 2.5% of the closing balance, whichever is greater
Interest Free Days: 55 days
Maximum Credit Limit: $100,000
Late Payment Fee: $30
Purchase Protection: Yes
Entertainment: Priceless Cities & Citi World Privileges
Mobile Pay: Apple Pay, Samsung Pay, Citi Pay
Concierge Service: Yes
Dining: Free Wine Every Time You Dine With The Citibank Dining Program
Travel Insurance: International Travel Insurance
Balance Transfer Rate: 0% p.a. for 30 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 22.24% p.a.
St.George Vertigo
St.George Vertigo
  • Balance Transfer Offer 0% for 28 months
  • Balance Transfer Fee 0%
  • Annual Fee $55
  • Purchase Rate (p.a.) 13.99%
  • Minimum Income $0
  • Apple Pay, Samsung Pay, Google Pay
Purchase Interest Rate: 13.99% p.a.
Cash Advance Rate: 21.49% p.a.
Minimum Repayment: $10 or 2% of the closing balance, whichever is greater
Annual Fee: $55
Minimum Credit Limit: $500
Late Payment Fee: $15
Interest Free Days: 55 days
Additional Cardholders: 1 additional cardholder at no extra cost
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Balance Transfer Rate: 0% p.a. for 28 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 21.49% p.a.
Westpac Low Rate
Westpac Low Rate
  • Balance Transfer Offer 0% for 28 months
  • Balance Transfer Fee 1%
  • Annual Fee $59
  • Purchase Rate (p.a.) 13.74%
  • Minimum Income $30,000
  • Apple Pay, Fitpay, Google Pay, Samsung Pay
Purchase Interest Rate: 13.74% p.a.
Cash Advance Rate: 21.49% p.a.
Minimum Repayment: $10 or 2% of the closing balance, whichever is greater
Annual Fee: $59
Minimum Credit Limit: $500
Late Payment Fee: $15
Interest Free Days: 55 days
Additional Cardholders: 1 additional cardholder at no extra cost
Mobile Pay: Apple Pay, Fitpay, Google Pay, Samsung Pay
Balance Transfer Rate: 0% p.a. for 28 months
Balance Transfer Fee: 1%
Reverted Interest Rate: 21.49% p.a.
Bankwest Zero Classic
Bankwest Zero Classic
  • Balance Transfer Offer 0% for 26 months
  • Balance Transfer Fee 2%
  • Annual Fee $0
  • Purchase Rate (p.a.) 14.99%
  • Minimum Income $0
Purchase Interest Rate: 14.99% p.a.
Cash Advance Rate: 21.99% p.a.
Minimum Repayment: $20 or 2% of the closing balance, whichever is greater
Annual Fee: $0
Minimum Credit Limit: $1,000
Late Payment Fee: $25
Interest Free Days: 55 days
Additional Cardholders: Up to 3 additional cardholders at no extra cost
Balance Transfer Rate: 0% p.a. for 26 months
Balance Transfer Fee: 2%
Reverted Interest Rate: 14.99% p.a.
Bankwest Zero Platinum
Bankwest Zero Platinum
  • Balance Transfer Offer 0% for 26 months
  • Balance Transfer Fee 2%
  • Annual Fee $0
  • Purchase Rate (p.a.) 14.99%
  • Minimum Income $0
  • No Foreign Transaction Fees
  • International Travel Insurance
Purchase Interest Rate: 14.99% p.a.
Cash Advance Rate: 21.99% p.a.
Minimum Repayment: $20 or 2% of the closing balance, whichever is greater
Annual Fee: $0
Minimum Credit Limit: $6,000
Late Payment Fee: $25
Interest Free Days: 55 days
Additional Cardholders: Up to 3 additional cardholders at no extra cost
No Foreign Transaction Fees: Yes
Travel Insurance: International Travel Insurance
Balance Transfer Rate: 0% p.a. for 26 months
Balance Transfer Fee: 2%
Reverted Interest Rate: 14.99% p.a.
NAB Low Rate
NAB Low Rate
  • Balance Transfer Offer 0% for 26 months
  • Balance Transfer Fee 2%
  • Annual Fee $59
  • Purchase Rate (p.a.) 12.99%
  • Minimum Income $0
  • Visa Entertainment
Purchase Interest Rate: 12.99% p.a.
Cash Advance Rate: 21.74% p.a.
Minimum Repayment: $25 or 2% of the closing balance, whichever is greater
Annual Fee: $59
Minimum Credit Limit: $1,000
Late Payment Fee: $15
Interest Free Days: 55 days
Additional Cardholders: No fee for additional cardholder
Entertainment: Visa Entertainment
Balance Transfer Rate: 0% p.a. for 26 months
Balance Transfer Fee: 2%
Reverted Interest Rate: 21.74% p.a.
HSBC Low Rate
HSBC Low Rate
  • Balance Transfer Offer 0% for 20 months
  • Balance Transfer Fee 2%
  • Annual Fee $99
  • Purchase Rate (p.a.) 12.99%
  • Minimum Income $40,000
  • No Foreign Transaction Fees
  • Domestic Travel Insurance
  • Apple Pay
    HSBC Instant Savings
Purchase Interest Rate: 12.99% p.a.
Cash Advance Rate: 25.99% p.a.
Minimum Repayment: $30 or 3% of the closing balance, whichever is greater
Annual Fee: $99
Minimum Credit Limit: $1,000
Late Payment Fee: $30
Interest Free Days: 55 days
Additional Cardholders: No fee for additional cardholders
No Foreign Transaction Fees: Yes
Travel Insurance: Domestic Travel Insurance
Mobile Pay: Apple Pay
Entertainment: HSBC Instant Savings
Balance Transfer Rate: 0% p.a. for 20 months
Balance Transfer Fee: 2%
Reverted Interest Rate: 25.99% p.a.
Westpac Altitude Platinum
Westpac Altitude Platinum
  • Balance Transfer Offer 0% for 18 months
  • Balance Transfer Fee 1%
  • Annual Fee $150
  • Purchase Rate (p.a.) 20.49%
  • Minimum Income $30,000
  • Purchase Protection
  • Domestic & International Travel Insurance
  • Cashback
    Apple Pay, Fitpay, Google Pay, Samsung Pay
Purchase Interest Rate: 20.49% p.a.
Cash Advance Rate: 21.49% p.a.
Minimum Repayment: $10 or 2% of the closing balance, whichever is greater
Annual Fee: $150
Minimum Credit Limit: $6,000
Late Payment Fee: $15
Interest Free Days: 45 days
Additional Cardholders: 1 additional cardholder at no extra cost
Purchase Protection: Yes
Mobile Pay: Apple Pay, Fitpay, Google Pay, Samsung Pay
Travel Insurance: Domestic & International Travel Insurance
Balance Transfer Rate: 0% p.a. for 18 months
Balance Transfer Fee: 1%
Reverted Interest Rate: 21.49% p.a.

Balance Transfer Credit Cards FAQ

Balance transfer credit cards provide a promotional interest rate to customers for transferring their credit card balance over from another bank . It’s a very attractive incentive that credit providers use a marketing tool to get new customers.

Balance transfer interest rates start from 0% and can sometimes continue with this rate for 26 months or more. A balance transfer fee is typically charged when requesting a balance transfer and the fee ranges between 0% to 3%.

Are you someone who is struggling to pay off a credit card balance? If yes, than taking up of a balance transfer offer can play into your favour and help you speed up the process of paying off your debt. Do you find yourself paying credit card interest charges each month? If so, just giving yourself a break on paying interest charges for a few or several months can help out financially alot. Try to find that great balance transfer offer with a low annual fee.

Balance transfer credit cards can be a big money saver and sometimes even a lifesaver by relieving the customer of paying interest each month. The ultimate goal when taking on a balance transfer is to pay off all the credit card debt before the offer expiry date. Being disciplined and focused is the key to paying off the full balance before the promotional period ends. A not so good idea is taking out a balance transfer offer and with the interest money saved is used on spending and not on paying down the debt. This can actually put a person deeper into credit card debt.

First start with finding a low balance transfer rate and check the number of months the promotion is offerd for. Second, check the balance transfer fee which will be the fee paid for transferring a balance between credit cards. The fee typically ranges between 0% and 3% of the amount transferred.

Third, is check the annual fee and of course try to select the lowest annual fee possible as the annual fee does add up to the cost of the balance transfer. Fourth, is check the reverted interest rate which will be rate that any remaining balance will be subject too after the promotion ends. The reverted interest rate most of the time will equal to the cash advance rate which is usually approximately 20%.

Finally, if you are someone who tends to miss or forget to make the monthly repayments, then do a double check for the offer’s late payment clause. Some offers will cancel the promotional rate if one repayment is missed.

In general the best balance transfer offer are the 0% offers with a long promotional term and a low annual fee. But the best balance transfer offer for you is a different story.One person might be happy with a 0% for 6 months offer, because that’s all the time they may need to pay down the whole balance. While another person may need more time to pay off their balance and would be more suited for a 0% for 12 months offer. So do assess which offer is for your personal situation. Another point to make, is to think about whether your balance transfer credit card will be used the only short term or for the long term. If you want a credit card to keep after the promotion period ends, then do take into account the benefits of the credit card when making comparisons.

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Kredmo Pty Ltd ACN 624 938 932 is not a credit provider and does not provide personal financial or professional advice or credit assistance. Kredmo Pty Ltd is an Australian Credit License holder 518788. The information published on this site/page is of a general nature only and does not consider your personal objectives, financial situation or particular needs. The information published on this site/page should not be relied upon as a substitute for personal financial or professional advice. Kredmo strongly recommends that you seek independent advice before you apply for any product or service, which is described on the site/page... Read More