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Banking / Credit Cards / Balance Transfer Credit Cards

Balance Transfer Credit Cards

Card Name Purchase Rate Max Free Days Introductory Purchase Rate Balance Transfer Rate Annual Fee Rewards Program Available? First Year Cost Comparison* Click on the column heading to sort
The Qantas American Express Discovery Card 20.74% 44 0%12 mths $0 $0
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The American Express Essential® Credit Card 14.99% 55 0%12 mths $0 $0
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Bank of Melbourne No Annual Fee 20.49% 55 1%12 mths 0%12 mths $0 $0
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BankSA No Annual Fee Credit Card 20.49% 55 1%12 mths 0%12 mths $0 $0
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St.George No Annual Fee 20.49% 55 1%12 mths 0%12 mths $0 $0
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The American Express Velocity Escape Card 20.74% 44 0.99%12 mths $0 $30
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ANZ First Card (0% p.a. first 18 months on balance transfers with a 3% Balance Transfer fee. Reverts to standard balance transfer rate, currently 21.49% p.a.*) 19.74% 44 0%18 mths $30 $30
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NAB Low Fee Card 19.74% 44 0%15 mths 0%15 mths $30 $30
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Westpac 55 Day ($0 Annual Fee for the First Year) 19.84% 55 1%12 mths 0%16 mths $30 $30
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Bank of Melbourne Vertigo Visa 13.24% 55 1%12 mths 0%18 mths $55 $55
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BankSA Vertigo Visa 13.24% 55 1%12 mths 0%18 mths $55 $55
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St.George Vertigo Visa 13.24% 55 1%12 mths 0%18 mths $55 $55
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NAB Low Rate Card (0% p.a. on purchases and 0%p.a. on balance transfers for 15 months, with a one off 3% balance transfer fee) 13.99% 55 0%15 mths 0%15 mths $59 $59
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Westpac Low Rate (0%p.a. for 16 months on BT and 1%p.a. for 12 months on purchases) 13.49% 55 1%12 mths 0%16 mths $59 $59
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Bank of Melbourne Amplify 19.49% 55 1%12 mths 0%18 mths $79 $79
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BankSA Amplify Credit Card 19.49% 55 1%12 mths 0%18 mths $79 $79
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St.George Amplify 19.49% 55 1%12 mths 0%18 mths $79 $79
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ANZ Platinum (0% p.a. first 18 months on balance transfers with a 3% Balance Transfer fee. Reverts to standard balance transfer rate, currently 21.49% p.a. + $0 Annual Fee for the First Year*) 19.74% 55 0%18 mths $87 $87
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NAB Premium Card (0% p.a. on purchases and balance transfers for 15 months, with a one off 3% balance transfer fee on a new NAB Premium Card) 19.74% 44 0%15 mths 0%15 mths $90 $90
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Westpac 55 Day Platinum ($0 Annual Fee for the First Year) 19.84% 55 1%12 mths 0%16 mths $90 $90
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“Sponsored” products are displayed first within the search results pages and can be re-sorted without this filter by de-selecting the “Show sponsored listings first” checkbox. For more information on how we’ve selected these “Sponsored” and “Featured” products click here.

*The First Year Cost Comparison is the total interest payable over one year on a monthly outstanding balance of $3,000 plus the credit card’s annual fee. Introductory purchase rate offers and balance transfer offers are taken into account where applicable.

**The Spend required is based on the approximate everyday spending needed to redeem a $100 gift card or a return flight from Sydney to Melbourne from the rewards program, given the credit card’s point earning capability. For rewards programs that do not have a set number of points to redeem flights, the approximate spend is based on a $300 travel voucher. Bonus point offers and point capping are not included in the calculation.


Balance Transfer Tip

In order to tempt you to switching to their credit cards, banks and other card providers are offering great balance transfer offers to existing card holders. These rates have hit rockbottom – as low a 0 per cent. This means any outstanding balance you may have on your old rival credit card can be transferred to the new card with no interest charged on that money. But the balance transfer offer will generally only run for three to six months, after which the standard interest rate for that card, or the 'revert rate', will apply. And new purchases will be subject to the standard rate straight away. By all means take advantage of balance transfer offers to help you pay off your lingering credit card debt, but try to pay off the old debt before the balance transfer period runs out. And make sure the revert rate is reasonable too. No one should need to pay credit card interest rates of 17 to 19 per cent anymore.

Balance Transfer Guides

Got credit card debt you are paying off? A balance transfer offer might be just the help you need to get that debt down faster - Read More

Save yourself from common balance transfer credit card mistakes, check out our guide to the 3 most common mistakes consumers make - Read More

If you are looking to transfer a balance you can often find 0% interest balance transfer credit cards which can save you a lot of money, find out how you can make the most of these offers - Read More


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