0% Balance Transfer Credit Card Offers

Citi Credit Card Offer

Citi Rewards Card

0% p.a. for 30 months on balance transfers
$49 first-year annual fee

Offer ends 30 June 2021

Eligibility criteria, terms and conditions, fees and charges apply

Citi Credit Card Offer

Save with a long-term balance transfer offer and a first-year annual fee discount. Plus, Citi reward Points for your spending and complimentary insurance.

• $49 first-year annual fee ($149 p.a. thereafter)
• 0% p.a. on balance transfers for 30 months with no balance transfer fee, reverts to 22.24% p.a.
• 21.49% p.a. purchase interest rate | 22.24% p.a. cash advance rate
• Earn 1 Citi reward Point per $1 spent
• Minimum credit limit of $6,000

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You can use a 0% balance transfer credit card to move debt from a credit card you already have to a new one that charges no interest for an introductory period. This means you could save more and pay off your credit card debt faster. Learn more about 0% balance transfers and compare current offers on the market in this guide.

Compare 0% balance transfer credit cards

Use the calculator at the top of the table to see how much you could save on interest with each offer.

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Name	Product	Balance transfer rate	Purchase rate	Annual fee	Balance transfer savings
Citi Rewards Card		0% p.a. for 30 months	21.49% p.a.	$49 annual fee for the first year ($149 p.a. thereafter)	$1,710.65 over 3 months	Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.	Go to site More Info	Compare	loading Fetching your data...
St.George Vertigo Classic		0% p.a. for 24 months	13.99% p.a.	$0 annual fee for the first year ($55 p.a. thereafter)	$1,601.89 over 24 months	Get 0% p.a. promotional balance transfer rate, with no balance transfer fee. Plus, save with a first-year annual fee waiver.	Go to site More Info	Compare	loading Fetching your data...
Coles No Annual Fee Mastercard		0% p.a. for 12 months	0% p.a. for 12 months, reverts to 19.99% p.a.	$0	$927.32 over 12 months	Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months. Ends 31 January 2021.	Go to site More Info	Compare	loading Fetching your data...
ANZ Low Rate		0% p.a. for 25 months with 1.5% balance transfer fee	12.49% p.a.	$0 annual fee for the first year ($58 p.a. thereafter)	$1,522.54 over 25 months	Save with 0% p.a. on balance transfers for 25 months (with a 1.5% BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.	Go to site More Info	Compare	loading Fetching your data...
Bankwest Breeze Classic Mastercard		0% p.a. for 26 months with 2% balance transfer fee	10.99% p.a.	$0 annual fee for the first year ($49 p.a. thereafter)	$1,583.37 over 26 months	Save with 0% p.a. on balance transfers for 26 months (with a 2% BT fee) and $0 first-year annual fee. Plus, a 10.99% p.a. purchase interest rate.	Go to site More Info	Compare	loading Fetching your data...
Westpac Low Rate Card		0% p.a. for 24 months with 1% balance transfer fee	13.74% p.a.	$59	$1,543.89 over 24 months	A low rate card offering 0% p.a. interest on balance transfers for the first 24 months and a $200 cashback offer.	Go to site More Info	Compare	loading Fetching your data...
HSBC Platinum Credit Card - Balance Transfer Offer Finder Award		0% p.a. for 26 months with 1% balance transfer fee	19.99% p.a.	$0 annual fee for the first year ($129 p.a. thereafter)	$1,393.37 over 26 months	Enjoy a 26-month balance transfer offer, a first-year annual fee waiver and complimentary travel insurance.	Go to site More Info	Compare	loading Fetching your data...
Coles Rewards Mastercard		0% p.a. for 18 months with 1.5% balance transfer fee	19.99% p.a.	$0 annual fee for the first year ($99 p.a. thereafter)	$1,062.99 over 18 months	Enjoy $100 off a Coles Supermarket, a $0 first-year annual fee and a 0% p.a. on balance transfers for 18 months (1.5% fee applies). Ends 31 Jan 2021.	Go to site More Info	Compare	loading Fetching your data...
Qantas Premier Platinum		0% p.a. for 18 months with 1% balance transfer fee	19.99% p.a.	$199 annual fee for the first year ($299 p.a. thereafter)	$787.99 over 18 months	Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).	Go to site More Info	Compare	loading Fetching your data...
Citi Simplicity Card		0% p.a. for 6 months	0% p.a. for 6 months, reverts to 21.49% p.a.	$0	$483.02 over 6 months	Get 0% p.a. interest for up to 6 months on purchases and balance transfers. Plus, a $0 annual fee for life.	Go to site More Info	Compare	loading Fetching your data...
Westpac Altitude Platinum Qantas		0% p.a. for 18 months with 1% balance transfer fee	20.49% p.a.	$99 annual fee for the first year ($200 p.a. thereafter)	$986.99 over 18 months	Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.	Go to site More Info	Compare	loading Fetching your data...
Bankwest Breeze Platinum Mastercard		0% p.a. for 26 months with 2% balance transfer fee	10.99% p.a.	$0 annual fee for the first year ($69 p.a. thereafter)	$1,523.37 over 26 months	Get 0% interest on balance transfers for 26 months, a $0 first-year annual fee, complimentary travel insurance and no foreign transaction fees.	Go to site More Info	Compare	loading Fetching your data...
Coles Low Rate Mastercard		0% p.a. for 6 months	12.99% p.a.	$58	$425.02 over 6 months	Enjoy $100 off a Coles Supermarket shop and a 0% balance transfer for 6 months. Plus, earn Flybuys points as you spend. Ends 31 January 2021.	Go to site More Info	Compare	loading Fetching your data...
St.George Amplify Platinum		0% p.a. for 22 months with 1.5% balance transfer fee	0% p.a. for 7 months, reverts to 19.74% p.a.	$0 annual fee for the first year ($99 p.a. thereafter)	$1,317.06 over 22 months	Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.	Go to site More Info	Compare	loading Fetching your data...
Bank of Melbourne Vertigo Classic		0% p.a. for 24 months	13.99% p.a.	$0 annual fee for the first year ($55 p.a. thereafter)	$1,601.89 over 24 months	Save with a 0% p.a. interest for 24 months on balance transfers, with no balance transfer fee. Plus, a $0 first-year annual fee.	Go to site More Info	Compare	loading Fetching your data...

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Balance transfers explained in 60 seconds

How do 0% balance transfer credit cards work?

These cards charge no interest on balance transfer debts for an introductory period that can last from 6 to 26 months. With no interest payments, you can pay off your debt faster and save money. If you have multiple credit card debts, you can transfer and consolidate them on one balance transfer card. That way you'll pay no interest on the combined debt and will only need to manage one credit card account.

At the end of the interest-free period, any unpaid balance will attract a much higher revert interest rate. To avoid falling into debt, you should aim to pay off your balance transfer in full before the revert rate applies.

How much you will save with a balance transfer will depend on the size of your debt, the length of the interest-free offer and whether you can pay it off in full before the revert interest rate kicks in. You can use the comparison table above to compare cards by the potential savings based on your debt and the interest rate you're currently paying.

Promoted

Citi Rewards Card

0% p.a. for 30 months on balance transfers with no balance transfer fee. $49 annual fee for the first year ($149 p.a. thereafter).

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How to compare 0% balance transfers credit cards

There are many 0% balance transfer credit cards on the market, so here are five important factors to consider when comparing your options.

1. Length of the balance transfer introductory offer

Since many Australian credit cards come with introductory offers on balance transfers, it is crucial that you compare balance transfer cards by how long the interest-free period lasts for. You should look for a card that gives you enough time to repay the entire debt before the revert rate kicks in.

For example, let's say you have a debt of $7,000 and are looking at a card with 0% on balance transfers for 18 months. You'd need to pay around $389 each month to clear the entire debt before interest applies. If you don't think you can afford this, you could look for a card with a longer interest-free offer to spread out and reduce your monthly repayments.

2. How much you are allowed to transfer

Depending on the bank, you can usually transfer between 70% to 100% of the approved credit limit. If you had an approved high credit limit of $20,000 and a maximum balance transfer of 80% of the limit, you could transfer up to $16,000. Refer to our guide on each bank's balance transfer limit and how much they will allow you to balance transfer for more information.

3. Which banks and institutions you can transfer to

You can't transfer your balance to a new card under the same bank. This means that you also can't transfer balances between banks that are owned by the same provider. For example, you can't balance transfer between St.George and Bank of Melbourne as they're both owned by Westpac. Refer to our guide on which banks you can balance transfer to for more information.

4. Balance transfer revert rate

If you can't pay your entire balance by the end of the introductory period, any remaining debt will collect the balance transfer revert rate. This is usually the much higher cash advance or purchase interest rate. It's important to compare this rate and know when it kicks, even if you're planning to pay the debt in full before interest applies.

5. Compare fees and charges

While you won't have to pay any interest during the promotional period, most balance transfer credit cards come with other costs. You may be charged a balance transfer fee when you first move the debt, which is usually a percentage-based fee of between 1% to 3% of the amount you're transferring.

Some 0% balance transfer credit cards charge $0 annual fee and others can range between $49 to $400 or more. Make sure that the annual fee won't exceed your interest savings before you apply.

Balance transfer cards often charge high purchase interest rates and your repayments will automatically go towards whichever balance attracts the most interest. If you're concentrating on paying down your balance transfer during the interest-free period, you should avoid using your card to spend unless you know you can pay it off in full.

A 0% balance transfer credit card can be a useful way to get your debt under control and pay off your card with no interest costs. If you've compared your options, you can use Finder's guide to applying for a balance transfer for some tips to complete the application.

As there are many interest-free balance transfer credit cards on the market, make sure to compare your options before you apply to find the right one for you.