Best* Balance Transfer Rates

Pay 0% interest for up to 26 months and save money with balance transfer credit cards.

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You can repay your credit card quicker and save money by transferring your debt to a card that charges 0% interest rates on balance transfers. Use this guide to compare interest-free balance transfer credit cards and learn how they work.

Virgin Money Credit Card Offer

Virgin Australia Velocity Flyer Card - Bonus Points Offer

Earn up to 70,000 bonus Velocity Points

Offer ends 24 February 2020

Eligibility criteria, terms and conditions, fees and charges apply

Virgin Money Credit Card Offer

Receive up to 70,000 bonus Velocity Points when you meet the spend criteria and save with a reduced annual fee in the first year.

  • $64 first year annual fee ($129 thereafter)
  • 20.74% p.a. purchase interest rate | 20.99% p.a. cash advance rate
  • 20,000 bonus Velocity Points per month for the first 3 months (spend $1,500/month), plus 10k extra points after your first anniversary
  • 0% p.a. for 18 months on balance transfers, with no BT fee
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Compare 0% balance transfer credit cards

Updated December 11th, 2019
% p.a.
Name Product Balance transfer rate Purchase rate (p.a.) Annual fee Amount saved
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 70,000 bonus Velocity Points (60,000 in 3 months and 10,000 after first year). Plus, save with 0% p.a. for 18 months on balance transfers.
0% p.a. for 13 months
0% for 13 months, reverts to 21.49% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
0% p.a. for 18 months
13.99% p.a.
$55 p.a.
Get 0% p.a. interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
0% p.a. for 26 months with 1.5% balance transfer fee
21.49% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn reward Points per $1 spent and take advantage of a 0% p.a. for 26 month balance transfer offer and a discounted $49 first year annual fee.
0% p.a. for 9 months
0% for 9 months, reverts to 14.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.
Westpac Low Rate Card
2019 Winner
0% p.a. for 16 months
13.74% p.a.
$59 p.a.
A no frills, low rate card offering 0% p.a. interest on balance transfers for the first 16 months, with no balance transfer fee.
0% p.a. for 18 months
13.99% p.a.
$55 p.a.
Enjoy 0% p.a. interest for up to 18 months on balance transfers. Plus, a low annual fee and competitive purchase rate.
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Get a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and a 14-month balance transfer.
0% p.a. for 18 months
13.99% p.a.
$55 p.a.
Enjoy a 0% p.a. interest rate for up to 18 months on balance transfers. Plus, a low annual fee and purchase interest rate.
0% p.a. for 15 months with 1% balance transfer fee
21.49% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
80k bonus Citi reward Points when you spend $3,000 in 90 days and 40k the second year, up to 120,000 total. 120k Points = 48k Velocity Points.

Compare up to 4 providers

How to compare 0% balance transfer credit cards

As many credit cards offer a 0% promotional interest rate for a balance transfer, the following factors could help you narrow down your balance transfer comparison:

  • You can find balance transfer credit cards charging 0% interest for 6 months to 26 months. As a much higher revert interest rate will apply to any leftover balance, it's important to choose a card that gives you enough time to pay off your debt in full.
  • You can't transfer debts between cards from the same bank or partnered issuers. See our guide to which banks you can and can't transfer between for more information.
  • You may not pay any interest while the promotion is in place, but you might have to pay balance transfer fees and annual fees. You'll also need to make minimum repayments every statement period, although you should pay more than the minimum if you want to pay off your balance before interest applies.
  • You can't transfer more than your approved credit limit, but some cards also only accept balance transfers up to a percentage of the approved credit card (such as up to 80% of the credit limit). You can see our guide to balance transfer limits for more information.

How much could you save with a balance transfer offering 0% rates for up to 12 months?

Exactly how much you'll save in interest will depend on the size of your debts and your ability to repay, but let's look at an example to see some of the potential savings.

Let's say you have $3,500 debt on a card that is currently charging 20.99% p.a. If you transfer this to a card with 0% on balance transfers for 12 months and no annual fee, you'll save $684.21 if you repay the entire balance before the revert rate applies.

How to use the balance transfer calculator to see how much you could save

You can use the interest calculator built into the comparison table above to determine how much you could save with a balance transfer credit card.

Step 1. Enter the total debt/outstanding amount you would like to transfer.
Step 2. Provide the interest rate that you are paying on your existing debt.
Step 3. See the 'Amount Saved' column to find out which credit cards will save you the most money. The calculator automatically accounts for any balance transfer fees and annual fees charged for each card. Click on the 'Amount Saved' title to sort the cards in ascending or descending order of money saved.
Step 4. Compare the credit cards available in the table provided to find the card that suits your needs. If you still want to find out more about a particular credit card, click the ‘More info’ link for a full review on the features and benefits.

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14 Responses

  1. Default Gravatar
    JakeApril 8, 2018

    Hi there,

    I currently have a credit card debt of approximately 6 thousand dollars and am looking into opening an account with an alternative bank to take advantage of any interest free period balance transfer. I work in hospitality but have always had steady employment and am 24 years of age. My concern is the possibility of being rejected an application and having it reflect negatively on my credit history.
    Is this likely considering it is not a massive debt and what offers should I be considering?

    Thanks and regards,

    • Avatarfinder Customer Care
      JoshuaApril 8, 2018Staff

      Hi Jake,

      Thanks for getting in touch with finder.

      How credit card application affects the credit history is among the most common concerns of many people today. Thus, it is understandable you are asking this question.

      It is true that credit enquiries can reflect on your credit history. These credit enquiries stay on your credit file for five years, so if you have too many credit enquiries on your file in a short amount of time, it can negatively impact your credit score and your ability to get the card or loan you want. Click here for more information.

      If you’re concerned about the number of enquiries on your credit history, the first step is to get a copy of your credit file. You can request a free copy from each of the major credit reporting bodies (CRBs) once every year.

      To help you avoid enquiries, you need to review first the requirements and eligibility of a particular card. Do this to eliminate cards that might deny your application outright. Next, you may want to call or visit your bank and discuss your options. This way, unnecessary enquiries are not made.

      In case you are in the process of finding the right credit card balance transfer, you may want to go to this page.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  2. Default Gravatar
    EricMarch 5, 2018

    I have a 15K cc debt and I want to apply with NAB for 25 months interest free at 0%. I am a full time permanent staff with NBNCO for 2 years now. I was with Optus for 13+ years before that. How much would I get approved?

    • Default Gravatar
      LiezlMarch 6, 2018

      Hi Eric,

      Thanks for visiting finder!

      There’s no saying how much credit limit you’ll be approved for but it will be at least $6,000. While you can indicate your desired credit limit during the application, ultimately it will be determined by the bank based on your financial capability.

      However, in order for you to transfer the full $15,000 debt, you should apply for a credit limit of at least $17,000. This credit card will allow you to balance transfer up to 90% of your approved credit limit. Moreover, in order to qualify for the offer you have to apply for the balance transfer at the point of full card application. Please refer to this page for more details on this NAB Premium Card exclusive offer.

      Feel free to message us if have further questions.


  3. Default Gravatar
    VenkateshFebruary 1, 2018

    Hi have nab credit card owing 4500$
    And common wealth bank owing 10000$
    Can u suggest how to balance transfer 2 Cards
    Plz reply thanks

    • Avatarfinder Customer Care
      JonathanFebruary 23, 2018Staff

      Hi Venkatesh, thanks for your inquiry!

      Transferring two credit card balances is allowed. The key rule is your new balance transfer credit card needs enough credit limit to fit your two balances. Generally banks let you transfer 90-95% of your credit limit.

      Since your total debt is $14,500, you will need to be approved for $15263.15 if the bank allows 95% credit limit for balance transfer. Otherwise you will need to be approved for $16111.11 if the bank allows 90% of the credit limit for balance transfers and so forth.

      Once you have found a bank that you want to apply for, complete the application and enter your credit card account details.

      If your credit limit is insufficient to fit both debts, your new bank will take as much debt as possible. The remaining amounts will stay in your old credit card accounts.



  4. Default Gravatar
    RyanOctober 20, 2017

    I have arrived back from overseas and wish to pay of the balance of my credit card before the interest free period ends. I do not wish to use any of the cards and I’m looking for a balance transfer with no fees. which are the best cards for me.

    • Default Gravatar
      LiezlOctober 20, 2017

      Hi Ryan,

      Thanks for visiting

      While we are unable to recommend a particular credit card for you, you may compare your options for balance transfer credit cards with no balance transfer fees on this page. Some of the credit cards featured on that page also waive first year annual fee. Also, our guide here will help you determine which banks you can balance transfer to.

      Please make sure you confirm that you meet the eligibility criteria before you submit your application, as rejected credit card applications can have a negative impact on your credit score.


  5. Default Gravatar
    SamSeptember 26, 2017

    what credit card will accept income protection top ups (as I’m on a graduated return to work program) with my employer wage as a total weekly income or do I have to wait until I’m off income protection all together?

    • Default Gravatar
      LiezlSeptember 27, 2017

      Hi Sam,

      Thanks for reaching out.

      While we are unable to nominate a credit card that will definitely accept income protection benefits plus graduated salary, it is worth noting that generally, banks will request a specific minimum income per year. Now if you meet the minimum income as well as the other application requirements, then you’ll be eligible to apply for a credit card.

      That said, it would be ideal to contact the bank before completing the application process to determine whether the current benefits you’re receiving qualify as a form of income or maybe you’ll have to wait until you’ll receive full salary again.

      I hope this has helped.


    • Default Gravatar
      SamSeptember 27, 2017

      Thanks for your prompt response, Liezl. I found out the Westpac don’t accept IP as an income.


  6. Default Gravatar
    LauraApril 4, 2017

    Could you please advise if balance is not paid off within the interest free period is interest charged on original outstanding balance from day accepted offer?

    • Avatarfinder Customer Care
      JonathanAugust 3, 2017Staff

      Hi Luke,

      Only interest will be charged on the remaining balance, not the initial balance.



    • Avatarfinder Customer Care
      MayApril 4, 2017Staff

      Hi Laura,

      Thank you for your inquiry.

      Once the promo for 0% interest on balance transfer ends, your card will revert to the standard balance transfer interest rate and your card will start charging that interest on the remaining balance left on the card. So for instance, after the BT offer, you had $1,000 unpaid balance, by the next due date, your $1,000 will then incur interest.


Credit Cards Comparison

Updated December 11th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
19.99% p.a.
0% p.a. for 18 months
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 20,000 bonus Qantas Points per month for the first 6 months when you spend $1,500/month. Total of up to 120,000 bonus Qantas Points.
0% for 9 months, reverts to 14.99% p.a.
0% p.a. for 9 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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