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Balance Transfer Credit Cards

Looking for a good balance transfer card?

Want to get ahead of your debt repayments by reducing the amount of interest charged on your credit card?

Balance transfer cards let you transfer your existing credit card balance to a new credit card that offers a special low or even 0% p.a. interest rate for a fixed term. Making regular repayments during this fixed term could help you pay off the principal more quickly. Remember to check how long the introductory rate applies, and what the new rate will be at the end of it.

Our comparison table shows how fees, charges and introductory periods differ between cards, so you can quickly and easily find the best option for your needs.

Let's get started: What is a balance transfer credit card? | What types of credit cards are there? | How to apply for a credit card


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 Velocity Escape Card 20.74% 55 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 (0% p.a. for 12 months on balance transfers with 1% BT fee. Reverts to cash advance rate currently 20.49%p.a.) 20.49% 55 0%12 mths $0 $0
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St.George No Annual Fee (0% p.a. for 12 months on balance transfers with 1% BT fee. Reverts to cash advance rate currently 20.49%p.a.) 20.49% 55 0%12 mths $0 $0
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ANZ First Card (0% p.a. first 16 months on balance transfers with a 2% Balance Transfer fee. Reverts to standard balance transfer rate, currently 21.49% p.a.*) 19.74% 44 0%16 mths $30 $30
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Westpac 55 Day (0% p.a. for 20 months on balance transfers requested at card application (2% BT fee applies#). Rate then switches to applicable variable cash advance rate currently at 21.29%p.a.+ Smart Plan) 19.84% 55 0%20 mths $30 $30
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Woolworths Everyday Platinum Credit Card 19.99% 55 0%14 mths $49 $49
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Bank of Melbourne Vertigo Visa (0% p.a. for 18 months on balance transfers with 1% BT fee. Reverts to cash advance rate currently 21.49%p.a. + $0 annual fee for the first year.)) 13.24% 55 0%18 mths $55 $55
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BankSA Vertigo Visa (0% p.a. for 18 months on balance transfers with 1% BT fee. Reverts to cash advance rate currently 21.49%p.a. + $0 annual fee for the first year.) 13.24% 55 0%18 mths $55 $55
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St.George Vertigo Visa (0% p.a. for 18 months on balance transfers with 1% BT fee. Reverts to cash advance rate currently 21.49%p.a. + $0 annual fee for the first year) 13.24% 55 0%18 mths $55 $55
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Westpac Low Rate (0% p.a. for 20 months on balance transfers requested at card application (2% BT fee applies#). Rate then switches to applicable variable cash advance rate currently at 21.49%p.a.+ Smart Plan) 13.49% 55 0%20 mths $59 $59
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Westpac Low Rate Exclusive (0% p.a. for 24 months on balance transfers requested at card application (2% balance transfer fee applies#). Rate then switches to applicable variable cash advance rate) 13.49% 55 0%24 mths $59 $59
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Bank of Melbourne Amplify (0%p.a. for 18 months for balance transfers with a 1% BT fee. Reverts to cash advance rate currently 20.24%p.a.) 19.49% 55 0%18 mths $79 $79
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BankSA Amplify Credit Card (0%p.a. for 18 months for balance transfers with a 1% BT fee. Reverts to cash advance rate currently 20.24%p.a.) 19.49% 55 0%18 mths $79 $79
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ANZ Platinum (0% p.a. first 16 months on balance transfers with a 2% 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%16 mths $87 $87
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Westpac 55 Day Platinum (0% p.a. for 20 months on balance transfers requested at card application (2% BT fee applies#). Rate then switches to applicable variable cash advance rate currently at 21.29%p.a.+ Smart Plan) 19.84% 55 0%20 mths $90 $90
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Bank of Melbourne Vertigo Platinum (0% p.a. for 24 months on balance transfers with 1% BT fee. Reverts to cash advance rate currently 21.49%p.a.) 12.74% 55 0%24 mths $99 $99
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BankSA Vertigo Platinum (0% p.a. for 24 months on balance transfers with 1% BT fee. Reverts to cash advance rate currently 21.49%p.a.) 12.74% 55 0%24 mths $99 $99
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St.George Vertigo Platinum - Online Exclusive Offer (0% for 24 months (no BT fee). Reverts to cash advance rate currently 21.49%p.a. + $0 annual fee for the first year) 12.74% 55 0%24 mths $99 $99
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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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Although we cover a range of products, providers and services we don't cover every product, provider or service available in the market. The information and products contained on this website do not constitute recommendations or suggestions to purchase or apply for any particular product. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision.

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