Balance Transfer

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Updated on 30 June, 2022

“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” option. They will have a link to a product provider’s website should you wish to get more information or apply for the product. We have a commercial marketing relationship with these providers. For more information on how we’ve selected these “Sponsored” and “Featured” products, how we make money, the products we compare and other important information about our service click here. The default sort is based on lowest balance transfer rate.

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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.

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