Best 0% balance transfer credit cards July 2017

Sally McMullen 7 July 2017 NEWS

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Clear your debt and avoid extra costs with a 0% balance transfer credit card with no balance transfer fees.

If you’re determined to clear your credit card debt, a 0% interest balance transfer credit card can help you do so without having to pay any additional interest. But if you really want to minimise your costs, you should consider a card with an interest-free promotion and no balance transfer fees.

Balance transfer fees are typically between 1% to 2% of the transferred amount. If you’re transferring a large debt, it’s easy for this fee to eat into your savings.

So, while there is no one "best" balance transfer credit card, this month’s round-up is based on the cards with the longest 0% balance transfer periods and no balance transfer fees available through finder. We’ll also weigh up other factors including annual fees and revert rates so that you can decide which card will help get your credit card debt under control.

St.George Vertigo Platinum cardstg-vertigo-platinum210x134

The St.George Vertigo Platinum boasts the title of having the longest interest-free balance transfer period in this month’s lineup. With 0% interest p.a. for 20 months and no balance transfer fee for applicants who apply by 20 September 2017, this card might suit you if you have a large debt that’ll take you longer to repay.

At the end of the promotional period, any remaining balance will collect the standard purchase rate of 12.47% p.a. This is relatively low compared to some other revert rates, which could be beneficial if you don’t think you can repay the entire balance within 20 months.

The card comes at the cost of a $99 annual fee, which you’ll need to pay twice if you use the card for the entire promotional period. This means that you’ll want to make sure that the interest savings you get from the balance transfer promotion outweigh the annual fee.

Virgin Australia Velocity Flyer card virgin-high-flyer210x136

The Virgin Australia Velocity Flyer card also has a lengthy interest-free promotion of 0% p.a. on balance transfers for 18 months and no balance transfer fee. An exclusive offer through finder, this interest-free deal is available for cardholders who apply online and are approved by 31 July 2017.

Cardholders can also reduce their costs with a discounted annual fee of $64 for the first year ($129 p.a. thereafter). This would bring your total annual fee costs to $193 if you use the card for the entire promotional period. Again, you should make sure that the interest you’ll save will exceed the cost of the annual fee to justify applying for the card.

At the end of the 18 months, any remaining balance will collect a standard cash advance rate of 20.99% p.a. This is one of the higher revert rates in the July round-up, so you should plan to clear your entire debt to avoid racking up too much interest once the promotional period finishes.

You shouldn’t use your card for purchases while you’re concentrating on paying down your debt. However, if you’re planning to use the card beyond the promotional balance transfer period, you can look forward to earning Velocity Points per dollar as you spend with this card.

St.George Vertigo cardstg-vertigo210x134

If you like the sound of the Vertigo Platinum card but you want to save on annual fees, the St.George Vertigo card could be worth considering. If you apply and are approved by 20 September 2017, you can take advantage of 0% interest p.a. on balance transfers for the first 14 months. As well as no balance transfer fee, this card also has no annual fee for the first year. This reverts to $55 p.a. thereafter, which is the lowest standard annual fee in the July lineup. This card has a revert rate of 13.24% p.a., which is still low compared to many other balance transfer cards.

So, if you don’t need up to 18 or 20 months to repay your debt, the St.George Vertigo card and its 0% interest rate for 14 months promotion could offer some great savings.

ANZ Platinum credit cardanz-platinum-card210x127

If you want to clear your debt while paying no interest in the next financial year, the ANZ Platinum credit card could be worth considering. The card has 0% interest p.a. on balance transfers for 12 months and no balance transfer fee.

The interest rate reverts to 21.49% p.a. at the end promotional period, so you should ensure that you pay your entire balance in the first 12 months to avoid high-interest costs.

The ANZ Platinum credit card also has a $0 annual fee for the first year, which reverts to $87 p.a. thereafter. So, with no balance transfer fee, annual fee or interest to pay in the first 12 months, you could clear your debt without any additional costs. If you need to make a necessary purchase, the card also offers 0% p.a. on purchases for the first three months (which reverts to 19.74% p.a. thereafter).

This specific 0% balance transfer and purchase rate offer is another exclusive only available for applicants who apply via finder.

How do these cards compare?

Rates last updated October 19th, 2018
$
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
NAB Low Fee Platinum Card - Exclusive Offer
0% p.a. for 25 months
19.74% p.a.
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
St.George Vertigo Platinum
0% p.a. for 26 months with 2% balance transfer fee
12.74% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer, $0 first year annual fee, complimentary travel insurance and access to a 24/7 personal concierge service.
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)
Save with $64 first year annual fee and 0% p.a. balance transfer offer. Plus, the chance to earn 1 million Velocity Points. Ends 31 Oct 2018.
Citi Rewards Platinum Credit Card - Online Offer
0% p.a. for 24 months with 1.5% 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 24 month balance transfer offer, plus complimentary international travel insurance.
St.George Vertigo Classic
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 competitively low annual fee and purchase rate.

Compare up to 4 providers

So, how do you compare these cards to choose the one that's right for you? We’ve picked out a few factors that you should consider to help you narrow down your comparison.

Length of the offer

If you really want to get your debt under control, you should aim to repay your entire balance by the time the interest-free promotion ends. Otherwise, your remaining balance will collect interest and you could risk falling into unmanageable debt again. This is why you should consider 0% balance transfer cards with promotional periods that are long enough for you to repay your debt.

Rather than just paying the minimum repayment amount each month, you should divide your debt by the number of months in the promotional period and calculate whether you can afford to repay that much each month.

Let’s say you have a debt of $10,000. If you applied for the ANZ Platinum card, you would need to pay $833 each month to clear your debt before interest would be charged at the end of the first 12 months. If you applied for the St.George Vertigo Platinum card, on the other hand, you would need to pay $500 each month to repay the balance within 20 months. Make sure to consider your goals and what you can afford when comparing cards by the length of their promotional offer.

Revert rate

If you don’t think you can repay your debt before the promotional period ends but you still want to take advantage of the interest-free period to reduce your repayment costs, consider a card with a lower revert rate. While you’ll still collect interest on any remaining balance, a lower interest rate will minimise your future costs and potential debt.

Annual fee

There’s no point applying for a balance transfer credit card if the interest you save with the 0% promotional period is offset by the cost of the annual fee. You can use the balance transfer calculators built into our comparison tables to discover how much you’ll save in interest with the available cards on the market. If the savings are lower than the annual fee, you should look at cards with a reduced or $0 annual fee.


While these are some of the most competitive 0% balance transfer credit cards with no balance transfer fees available through finder, there are other options out there. For a broader comparison, check out our balance transfer guide for more interest-free offers.

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