Credit cards with long 0% balance transfers Feb 2018

Sally McMullen 1 February 2018 NEWS

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Pay off your credit card debt with no interest for up to two and a half years.

In the post-Christmas period, banks are really ramping up their balance transfer offers to entice new customers. Some cards are offering 0% for up to 30 months, which is the longest interest-free offer we’ve ever seen on the market! But which card is right for you?

As the market is crowded with competitive interest-free balance transfer credit cards, this roundup can help you narrow down your options. As there is no one best credit card for every Aussie, we’ve highlighted the cards with the 0% longest promotional periods available through finder. If you caught the roundup of our favourite balance transfer offers in January, you'll probably notice a few familiar faces in this month's lineup. This is because a few of the banks extended their promotional offers, maintaining their position as some of the most competitive 0% balance transfer deals available.

Want to know which balance transfer credit card will help you save the most? You can use the table below the card lineup to discover which one could save you the most interest based on your current debt and interest rate.

Please note that the rates, fees and features mentioned here are correct at the time of publication.

Westpac Low Rate card (Online only offer)westpac-low-rate250x158

0% on balance transfers for 30 months

The Westpac Low Rate card currently boasts the longest interest-free balance transfer offer on the market. If you apply online by 28 February 2018, you can take advantage of 0% interest on balance transfers for 30 months. That’s two and a half years to pay off your debt without forking out any additional interest costs.

You can also save with a $0 annual fee in the first year, which reverts to a relatively low standard fee of $59 p.a. However, you will have to pay a 2% balance transfer fee, which could impact your overall savings. Plus, when the 30 month promotional period ends, any remaining balances will collect the 21.49% p.a. cash advance rate.

Citi Rewards Platinum cardciti-rewards-plat-250x160

0% on balance transfers for 26 months

The Citi Rewards Platinum card also has a lengthy promotional period of 0% on balance transfers for 26 months. This offer is available to new cardholders who apply and are approved by 30 June 2018.

It also has a reduced annual fee of $49 in the first year ($149 p.a. thereafter). However, you will also have to pay a 2.5% balance transfer fee when you first move your debt to the new card.

When the introductory offer ends, any remaining balances will revert to 21.74% p.a., so you should aim to clear the entire debt before this applies to avoid interest.

NAB Premium card (Exclusive to finder)

0% on balance transfers for 25 monthsnab-low-rate-plat250x158

This long-term balance transfer deal is exclusive to our users! If you apply for the NAB Premium card via finder, you’ll score 0% on balance transfers for the first 25 months. Elsewhere, this card only offers 0% for 20 months, so it’s an easy way to get a few extra months to clear your debt without the burden of interest.

It’s also one of the few cards that doesn’t charge a balance transfer fee, which could also help you save. However, this card does have a $90 annual fee, so make sure this cost doesn’t outweigh the interest savings from the 0% balance transfer offer.

If you haven’t cleared your debt by the time the promotional offer ends, any remaining balance will collect the cash advance rate of 21.74% p.a.

St.George Vertigo Platinum card (Online only offer) stg-vertigo-platinum

0% on balance transfers for 24 months

If you apply for the St.George Vertigo Platinum – Online Offer card by 28 February 2018, you can pay off your balance transfer with no interest for 24 months. It may be the shortest offer in this roundup, but it’s still one of the longest interest-free promotions on the market.

The previous offer for this card (which expired on 31 January 2018) included a first year annual fee waiver, but the $99 annual fee is back for new cardholders for now. However, this card does not charge a balance transfer fee when you first move your debt over.

Once the first two years are up, any remaining debt from your balance transfer will collect the cash advance rate of 21.49% p.a.

How do these balance transfer credit cards 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
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.
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.

Compare up to 4 providers

These are just some of the most competitive long-term balance transfer offers available through finder. If you want to compare more options, you can check out our balance transfer credit cards guide to find the right one for you.

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