Best 0% balance transfer credit cards November 2017

Sally McMullen 2 November 2017

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The balance transfer credit cards to compare if you want to dodge extra fees.

Do you want to clear your credit card debt without the additional burden of interest? If you said yes, a 0% balance transfer credit card could be the answer to your debt problems. Although you can use these cards to save on interest and clear your debt faster, you should look out for balance transfer fees that could add to your overall costs. This is usually a fee of 1% to 3% that’s charged when you first move your balance and it can eat into your overall savings.

So, for this month’s roundup, we’ve based the "best" balance transfer offers on the cards with the longest 0% promotional periods and no balance transfer fee that are available through finder.

To help you get your debt under control, we’ve hand-picked the most competitive offers and highlighted the features you should factor into your debt consolidation comparison.

St.George Vertigo Platinum – Online offerstg-vertigo-platinum

0% for 24 months with no balance transfer fee

You can also take advantage of 0% for 24 months on balance transfers with the St.George Vertigo Platinum credit card. You also won’t be charged a balance transfer fee when you move your debt across.

Plus, new cardholders can also save with $0 annual fee for the first year which will revert to $99 p.a. thereafter. This balance transfer and no annual fee offer is only available to new cardholders who apply online by 13 December 2017.

At the end of the promotional period, any debt left on your balance transfer will collect the standard cash advance rate of 21.49% p.a. As long as you pay off your debt within the first two years, this card could be an easy way to consolidate your debt without any extra fees!

Virgin Australia Velocity Flyer cardvirgin-money-flyer-card

0% for 18 months with no balance transfer fee

If you don’t quite need two years to pay off your debt, the Virgin Australia Velocity Flyer card with 0% on balance transfer for 18 months could do the trick. This card also doesn’t charge a balance transfer fee and is available to new cardholders who apply by 30 November 2017.

Although you can look forward to savings on interest and balance transfer fees with this card, it does have an annual fee of $129. So you should make sure that your savings from the 0% promotional offer exceed this annual fee at the very least.

If you’re unable to repay your debt before the introductory offer ends, your balance will collect the cash advance rate of 20.99% p.a. This card also comes with a bunch of frequent flyer perks including Velocity Points, complimentary travel insurance and an annual Virgin Australia gift voucher. However, if you’re concentrating on clearing your debt, it’s unlikely that these extra features will be of much benefit to you.

ANZ Platinum credit card – Exclusive offeranz-plat250x158

0% for 12 months with no balance transfer fee

The ANZ Platinum credit card has the shortest interest-free promotion in this roundup, but it could come in handy if you want to clear your debt as soon as possible. This card currently offers 0% on balance transfers for the first 12 months and no balance transfer fee. This offer is also exclusive to applicants who apply through finder.

As well as no balance transfer fee, you also won’t be charged an annual fee for the first year. This will revert to $87 p.a. thereafter. Once the balance transfer promotion ends, your balance will collect the 21.49% p.a interest rate.

Although you shouldn’t be using your card for purchases if you’re paying off a debt, this card also comes with 0% on purchases for the first 3 months. This could prove useful if you have to make an emergency purchase, but it just means you’ll have more to pay off each statement period.

How do these 0% balance transfer credit cards compare?

Rates last updated November 25th, 2017
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% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
St.George Vertigo Platinum - Online Offer
0% p.a. for 24 months
12.74% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits plus 0% p.a. for 24 months on balance transfers (with no BT fee) and $0 annual fee in the first year. Ends 13 December 2017.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 18 months
20.74% p.a.
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
ANZ Platinum Credit Card - Exclusive Offer
0% p.a. for 12 months
0% p.a. for 3 months (reverts to 19.74% p.a.)
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer fee.

Compare up to 4 providers

Although all of these cards offer interest-free balance transfer promotions with no BT fee, there are a few factors you can consider to find the right one for you.

Length of offer and revert rate

This month’s roundup of cards have 0% interest rate offers that vary between 12 and 24 months. Ideally, you want to clear your debt before this introductory period ends and the higher revert rate applies. So you should calculate whether you can pay your entire debt within the interest-free period before you apply.

If you have a debt of $12,000 and opted for a card with 0% for 24 months, you’d need to pay $500 per month to clear the debt before the interest applied. Whereas you’d have to pay approximately $667 each month to pay off your debt in time if you went for a card with no interest for 18 months. You should make your decision based on what you can afford each month and how quickly you want to repay your debt.

If you don’t think you can clear your debt within 24 months or less, a balance transfer could still help you pay off a massive chunk of your debt with no interest. However, you should also consider the revert rate and factor in how that will add to your future repayments once the promotion finishes.

Annual fee

Even if your card comes with $0 annual fee for the first year, you should still consider how the standard annual fee will eat into your total savings. At the very least, the savings you get from the interest-free offer should exceed the annual fee to make the card worthwhile. You can use the balance transfer calculator to see how much interest you could save based on the size of your debt and whether this is larger than the card’s annual fee.


These are just some of our picks for cards with 0% balance transfer offers and no BT fee, but you can compare even more cards using our balance transfer credit card guide. As there is no one best balance transfer credit card for everyone, you should make sure that you compare your options to find the right one for you before you apply.

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