Best 0% balance transfer credit cards October 2017

Sally McMullen 29 September 2017 NEWS


Clear your debt and pay no interest for up to two years with these long-term balance transfer offers.

Do you want to pay off your debt without collecting any interest? A 0% balance transfer credit card could do just the trick. To help you narrow down your options, we’ve rounded up some of the interest-free balance transfer offers available through finder in October with the longest promotional periods.

If you’re looking for a balance transfer credit card with a lengthy 0% promotional period, start comparing the offers that we’ve hand-picked below.

Westpac Low Rate credit card


0% interest for 24 months on balance transfers

Boasting 0% interest for 24 months, the Westpac Low Rate credit card offers one of the longest balance transfer periods on the market right now. At the end of the promotional period, any remaining balances will collect 13.49% p.a. interest. This is relatively low competitive compared to some of the other revert rates on the market.

The offer is only available online until 26 October 2017, so you won’t be able to take advantage of the promotion if you apply in-branch or over the phone.

While it has a hefty interest-free period, this card does come at some cost. The card has an annual fee of $59 and you’ll also have to pay a one-time 2% balance transfer fee when you first transfer your debt. Based on the assumption that you’ll repay your debt before the promotional period ends, you should make sure that the combined cost of the annual fee and the balance transfer fee doesn't outweigh the interest savings you’ll make.

St.George Vertigo Platinum credit cardstg-vertigo-platinum

0% interest for 24 months on balance transfers

The St.George Vertigo Platinum card also offers new cardholders 0% interest on balance transfers for the first 24 months. You’ll just need to apply and get approved by 22 November 2017.

Although it also has a 2% balance transfer fee, the Vertigo Platinum card has a higher annual fee of $99 and a 21.49% p.a. revert rate.

These higher fees and rates are likely a result of it being a Platinum card, which comes with extra features such as complimentary insurance and a concierge service. However, if you’re not using the card for purchases, these extra features may not be worth the cost.

HSBC Platinum credit cardhsbc-plat250x157

0% interest for 22 months on balance transfers

The HSBC Platinum credit card comes with a slightly shorter balance transfer offer of 0% interest for 22 months. The offer is available to new applicants until 31 October 2017. You can also transfer up to 100% of your approved credit limit, which could offer you more flexibility.

Similar to the St.George offer, this card also has an annual fee of $99 and a 2% balance transfer fee. It does have a slightly higher revert rate of 21.99% p.a., though.

This card also gives you the ability to earn HSBC Reward Points as you spend, but this won’t come in handy if you’re not using the card for purchases, as balance transfers don’t collect points.

Suncorp Clear Options Platinum credit card – exclusive offersuncorp-clear-options-plat250x160

0% interest for 18 months on balance transfers

Exclusive to, the Suncorp Clear Options Platinum credit card offers 0% interest for 18 months. This is a shorter interest-free period, but it’s also the only card in the round-up that doesn’t charge a balance transfer fee. It’s also available for applicants who apply before 31 January 2018, which could come in handy if you’re consolidating your post-Christmas debt.

At the end of the 18 months, your debt will collect a revert rate of 21.99% p.a. It also has an annual fee of $99 for the first year, which reverts to $129 p.a. thereafter. This means you’d pay $228 in annual fees while the promotion is in place. Make sure that your potential interest savings are greater than this amount when you’re deciding whether or not this card is right for you.

How do these offers compare?

Rates last updated November 15th, 2018
% 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
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.
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. Plus, 2 airport lounge passes every year.

Compare up to 4 providers

Length of offer and revert rate

This month's round-up of cards have 0% interest rate offers that vary between 18 and 24 months. Ideally, you want to clear your debt before the promotional period ends and the revert rate applies, so you should calculate whether you can repay your entire debt within the interest-free period before you apply. If you have a debt of $10,000, you'd have to pay approximately $555 each month to repay your debt within 18 months, or $416 each month to be debt-free within 24 months. So, the longer the offer, the more you can spread out your repayments.

If you don't think you can repay your debt within 24 months, you can still use a 0% balance transfer card to chip away at the majority of your debt without interest payments, but you might want to consider a card with a lower revert rate (such as the Westpac Low Rate credit card) to minimise your overall costs.

Annual fee and balance transfer fee

As all of these cards come with an annual fee and most charge a balance transfer fee, you should also consider how much these costs will eat into your total savings. If the total cost of the fees outweighs your potential interest savings, you should look for a card with a lower annual fee or no BT fee.

Although these 0% balance transfer credit cards have some of the longest interest-free promotions available through finder, you can compare even more cards using our balance transfer credit card guide. Remember that there is no one best balance transfer credit card for every Aussie, so you should make sure that you compare your options to find the right one for you before you apply.

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