BankSA Balance Transfer guide

Looking to clear your debt? Consider a BankSA balance transfer.

If you’re feeling burdened by high interest credit card debt, it might be time to consider a BankSA balance transfer. To help you compare your options, we’ve summarised some of the benefits and features in this how-to guide on applying for a balance transfer with BankSA.

BankSA Credit Card Offer

BankSA Amplify Platinum

Receive 50,000 bonus Amplify or Qantas Points

Offer ends 26 September 2018

Eligibility criteria, terms and conditions, fees and charges apply

BankSA Credit Card Offer

The BankSA Amplify Platinum offers 50,000 bonus Amplify or Qantas Points when you meet the spend requirement. Plus, earn up to 1 point per $1 spent.

  • $99 p.a. annual fee.
  • 19.49% p.a. on purchases
  • Cash advance rate of 20.24% p.a.
  • Up to 55 days interest free
Go to site
Promoted
Rates last updated August 15th, 2018
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
BankSA Amplify Platinum
19.49% p.a.
$99 p.a.
Receive 50,000 bonus Amplify or Qantas Points when you spend $2,000 within 90 days and earn 1 Amplify or 0.5 Qantas Points per $1 spent.
BankSA Amplify Signature
19.49% p.a.
$279 p.a.
Receive 90,000 bonus Amplify or Qantas Points when you spend $4,000 within 90 days and earn up to 1.5 Amplify or 0.75 Qantas points per $1 spent.
BankSA Vertigo Visa
0% p.a. for 16 months
13.74% p.a.
$55 p.a.
Enjoy a 0% p.a. interest rate for up to 16 months on balance transfers with no balance transfer fee. Plus, a low ongoing purchase rate.
BankSA Vertigo Platinum
0% p.a. for 24 months with 1% balance transfer fee
12.74% p.a.
$99 p.a.
Offers a long-term balance transfer, low ongoing purchase rate, complimentary travel insurance and access to a 24/7 personal concierge service.
BankSA Amplify Card
3% p.a. for 36 months
19.49% p.a.
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Receive a 3% p.a. for 36 months balance transfer and earn Qantas or Amplify Points per $1 spent. Plus, enjoy a $0 annual fee for the first year.
BankSA No Annual Fee Visa
0% p.a. for 12 months with 1% balance transfer fee
20.49% p.a.
$0 p.a.
Take advantage of a 0% p.a. for 12 months balance transfer, get up to 55 days interest-free on purchases and pay no annual fee for the life of the card.
BankSA Amplify Business Credit Card
0% p.a. for 12 months (reverts to 19.49% p.a.)
$0 p.a. annual fee for the first year ($89 p.a. thereafter)
Earn up to 2 Amplify Rewards Points per $1 spent, a $0 first year annual fee and a 0% p.a. purchase rate offer for 12 months.
BankSA Visa Business Credit Card
9.99% p.a.
$55 p.a.
Manage your cashflow with up to 55 days interest-free on purchases, a low 9.99% p.a. purchase rate and enjoy simpler reporting and Visa benefits.

Compare up to 4 providers

Rates last updated August 15th, 2018
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
Westpac Low Rate Card
0% p.a. for 24 months with 1% balance transfer fee
13.49% p.a.
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
Citi Clear Platinum - Exclusive Offer
0% p.a. for 24 months with 1.5% balance transfer fee
14.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
HSBC Platinum Credit Card
0% p.a. for 22 months with 2% balance transfer fee
19.99% p.a.
$129 p.a.
Offers a 0% p.a. for 22 months balance transfer and an annual fee refund each year when you spend $6,000.
St.George Vertigo Platinum - Online Offer
0% p.a. for 25 months
12.74% p.a.
$99 p.a.
Get platinum perks and save with 0% p.a. interest for up to 25 months on balance transfers with no BT fee.
NAB Low Fee Platinum Card
0% p.a. for 24 months with 2% balance transfer fee
19.74% p.a.
$90 p.a.
Offers 7 complimentary insurance covers, a 0% p.a. for 24 month balance transfer and access to a 24/7 concierge service for a $90 p.a. annual fee.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months and enjoy a discounted annual fee of $64 for the first year.
HSBC Low Rate Credit Card
0% p.a. for 20 months with 2% balance transfer fee
13.25% p.a.
$79 p.a.
Receive up to 20 months interest-free on balance transfers with a 2% BT fee. Also enjoy exclusive offers with the home&Away Privilege Program.
Citi Simplicity Card
0% p.a. for 15 months with 1.5% balance transfer fee
19.99% p.a.
$0 p.a.
Save with 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from approval. Plus, a 15 month balance transfer offer.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Take advantage of 0% p.a. on balance transfers for up to 18 months. $64 in the first year ($129 p.a. thereafter), plus, bonus Velocity Points.
NAB Low Fee Card
0% p.a. for 18 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Receive complimentary purchase protection insurance, a 18 month balance transfer offer and special offers from Visa Entertainment.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Offers a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and 0% p.a. for 14 months on balance transfers.
Citi Platinum Credit Card - 100k Bonus Points
0% p.a. for 15 months with 1% balance transfer fee
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, enjoy a long-term balance transfer offer, a discounted first year annual fee and complimentary travel insurance.
BankSA Amplify Card
3% p.a. for 36 months
19.49% p.a.
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Receive a 3% p.a. for 36 months balance transfer and earn Qantas or Amplify Points per $1 spent. Plus, enjoy a $0 annual fee for the first year.
BankSA Vertigo Visa
0% p.a. for 16 months
13.74% p.a.
$55 p.a.
Enjoy a 0% p.a. interest rate for up to 16 months on balance transfers with no balance transfer fee. Plus, a low ongoing purchase rate.
St.George Vertigo Visa
0% p.a. for 16 months
13.74% p.a.
$55 p.a.
Get 0% p.a. interest for up to 16 months on balance transfers with no BT fee. Plus, a competitive annual fee.
Bank of Melbourne Vertigo Platinum
0% p.a. for 24 months with 1% balance transfer fee
12.74% p.a.
$99 p.a.
Offers a long-term balance transfer, low ongoing purchase rate, complimentary travel insurance and access to a 24/7 personal concierge service.
St.George Amplify Card
3% p.a. for 36 months
19.49% p.a.
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Take advantage of 3% p.a. interest on balance transfers for 36 months. Plus, a $0 first year annual fee and Amplify or Qantas Points per $1 spent.
NAB Low Rate Platinum Card
0% p.a. for 6 months with 2% balance transfer fee
0% p.a. for 9 months (reverts to 13.99% p.a.)
$100 p.a.
Enjoy a 0% p.a. interest rate offer on purchases for 9 months and the protection of 7 complimentary insurances including overseas travel insurance.
American Express Velocity Escape Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0 p.a.
Earn uncapped Velocity Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
American Express Explorer Credit Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$395 p.a.
Receive 50,000 bonus Membership Rewards points, a yearly $400 Travel Credit and 2 entries per year to the American Express Lounge.
Citi Rewards Platinum Credit Card
0% p.a. for 26 months with 2.5% balance transfer fee
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus complimentary international travel insurance.
Bank of Melbourne Amplify Card
3% p.a. for 36 months
19.49% p.a.
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Take advantage of a 3% p.a. for 36 months balance transfer offer, Amplify or Qantas points per $1 spent and enjoy a $0 annual fee for the first year.

Compare up to 4 providers

Balance transfers with BankSA?

A balance transfer is the process of transferring an outstanding balance from one high interest credit card to a credit card offering a promotional low rate period. This means you can consolidate your debt onto the one card, easily manage your finances and repay your debt without the added burden of high interest rates and fees.

What are the benefits of a BankSA balance transfer?

  • Save money. The promotional low rate period reduces interest costs for a limited period of time. This means your repayments go directly towards reducing your debt.
  • Debt free. The aim of a balance transfer is to clear your debt within the promotional low rate period. If you create a budget and stick to it, your days of debt could be over in no time.
  • Quick and easy. You can start consolidating your debt within two weeks of completing the transfer application.

Things to consider

  • Transfer limit. BankSA will allow you to transfer up to 80% of your credit limit. When deciding on your preferred credit limit, ensure the amount will support your entire transferred balance.
  • Features and conditions. Each of the credit cards on offer by BankSA have different annual fees, promotional low rate periods and revert rates. It’s important to compare each of these to ensure you’re applying for the right credit card for you.
  • What will the revert rate be? Once the promotional period has ended, the interest rate will switch to the variable cash advance rate.
  • Will I be charged a transfer fee? BankSA does not charge a fee for balance transfers.
  • Where can I transfer my balance from? You cannot complete a balance transfer from BankSA, Bank of Melbourne or St.George. Double-check which providers you can transfer between here.

How to apply for a BankSA credit card balance transfer

To apply for a BankSA credit card, you must be:

  • Over the age of 18
  • A permanent resident of Australia

Before beginning your application, there are a few things you should have on hand to help you answer some of the questions.
These include:

  • Income and employment details. A recent pay slip will help answer any questions regarding your income and employment.
  • Financial commitments. Any documents with information concerning your existing loans or expenses will be helpful.
  • Driver’s licence. You’ll need to provide your driver’s licence number if you have one.

Step 1. Select the card you wish to apply for and start the application. Once you’ve compared your options and decided on a credit card, you can start the application process. Click the green “Go to Site” button from our comparison table.

step1

You will then be redirected to the application process.

step1

Step 2. Credit card setup. Specify which credit card you wish to apply for, your preferred credit limit and whether you would like to purchase extra card insurance.

step2

Step 3. About you. If you are a new BankSA customer, you’ll need to answer the following questions:

  • Full name. Enter your name as it appears on your birth certificate.
  • Name to appear on credit card. Specify how you would like your name to appear on the credit card.
  • Date of birth. You must be 18 years or over to apply.
  • Marital status. State whether you are single, married or other.
  • Driver’s licence number. If you have a driver’s licence, you’ll need to provide the number.
  • Contact number. Enter the best number you can be reached on.
  • Email address. Ensure you’ve entered this correctly so that BankSA can contact you by email.
  • Residential status. Specify your living arrangements, such as whether you rent or own your home.
  • Residential address. Provide the address of where you are currently living.
  • Length of time at address. Specify how long you’ve been living at your current address.
  • Mailing address. Provide your mailing address if it’s different to your residential address.
  • Credit limit increase. Specify whether you would like to receive invitations to extend your credit card limit.

step3

Step 4. Employment. A pay slip will be able to help you answer the following questions regarding your employment:

  • Employment status. Specify whether you are employed on a full time, part time or other basis.
  • Employer. Enter the name of the company you work for.
  • Occupation. Enter your occupation.
  • Industry. Specify what type of industry you work in.
  • Employer’s address. Provide the main address of the company you work for.
  • Employee’s phone number. Enter the best contact details for your employer.
  • Time with employer. Specify how long you’ve been working for your employer.
  • Primary income. Enter your total income before or after tax.
  • Any other income. Enter the total amount of other income such as a second job or rental property.

step4

Step 5. Assets and liabilities. Any information you have concerning your expenses, assets or liabilities will help you answer the following questions:

  • Property. If you own a property, specify what it’s worth.
  • Contents value. Enter the total value of any contents or furniture you own.
  • Savings. Specify how much you have in savings with either BankSA or other institutions.
  • Value of assets. Assets may include a car or anything of monetary value.
  • Credit cards. Provide details of the credit cards you have with other institutions including the credit limit and amount owing.
  • Balance transfer. Select that you would like to do a balance transfer to your new BankSA credit card.
  • Loans. If you have any other loans, specify what type of loan it is, the amount you owe and your repayments.
  • Other liabilities. Provide details of any other liabilities you may have such as maintenance or a line of credit.
  • Expenses. Outline the total cost of your monthly expenses such as bills, transport and groceries.
  • Dependants. Specify the number of people who rely on you financially.
  • Preferred branch. Choose which BankSA branch would be most convenient for you.

step5

Step 6. Review and submit. Confirm the information you entered is correct. Ensure you have a thorough understanding of the terms and conditions before submitting your application.

Step 7. Application submitted. Congratulations, you’ve submitted your application! You can expect to receive a reply within 60 seconds. If your application has been approved, subject to verification, you will need to email or fax two computerised payslips that are less than eight weeks old and your year-to-date (YTD) income .

Step 8. Balance transfer process. The balance transfer process could take up to 14 days once you've completed the identification check and activated your card.

Step 9. Repay your debt. Now that you’ve taken the first step to consolidating your debt, it’s time to start chipping away at it. Remember to avoid using your card to make further purchases and remain focused on having your debt repaid before the promotional period ends.

Back to top
Was this content helpful to you? No  Yes

Related Posts

Credit Card Offers

Important Information*
Citi Clear Platinum - Exclusive Offer

Interest rate

14.99

Annual fee

49*

*$99 p.a. after first year

Westpac Low Rate Card

Interest rate

13.49

Annual fee

0*

*$59 p.a. after first year

Westpac Altitude Platinum Card - Qantas

Interest rate

20.24

Annual fee

50*

*$150 p.a. after first year

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site