Best* Balance Transfer Rates

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

If you want to clear your credit card debt quicker and cheaper, it might be time to consider a 0% balance transfer credit card. Although some balance transfers come with low interest rates, most balance transfers offer 0% interest rates these days. So, you can use these cards to transfer your existing credit card debt to a new credit card and pay 0% interest for a promotional period. You can use this guide to compare the latest 0% balance transfer deals, discover how to pick the right offer for you and learn the mistakes to avoid when you do a balance transfer.

Westpac Credit Card Offer

Westpac Low Rate Card

0% p.a. for 24 months
on balance transfers
with a one-time 1% balance transfer fee
$0 first year annual fee

Offer ends 23 October 2018

Eligibility criteria, terms and conditions, fees and charges apply

Westpac Credit Card Offer

The Westpac Low Rate credit card features a long-term balance transfer offer, a first year annual fee waiver and a low variable interest rate on purchases.

  • 0% p.a. on balance transfers for 24 months with a one-time 1% BT fee. Reverts to variable cash advance rate (19.49% p.a.)
  • $0 annual fee for the first year ($59 p.a. thereafter)
  • A low variable interest rate of 13.49% p.a. on purchases
  • Request an additional cardholder at no extra cost.
  • New card applications only. Balance transfer must be requested at card application.
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0% Balance Transfer Rates Comparison

Rates last updated August 16th, 2018
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
Westpac Low Rate Card
0% p.a. for 24 months with 1% balance transfer fee
13.49% p.a.
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
St.George Vertigo Platinum - Online Offer
0% p.a. for 25 months
12.74% p.a.
$99 p.a.
Get platinum perks and save with 0% p.a. interest for up to 25 months on balance transfers with no BT fee.
Suncorp Clear Options Platinum Credit Card - Exclusive Offer
0% p.a. for 18 months
20.74% p.a.
$99 p.a. annual fee for the first year ($129 p.a. thereafter)
finder Exclusive: Receive a long 18-month, 0% p.a., no fee balance transfer and earn Suncorp Rewards Points or Qantas Points per $1 spent.
Citi Clear Platinum - Exclusive Offer
0% p.a. for 24 months with 1.5% balance transfer fee
14.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
ANZ Low Rate
0% p.a. for 15 months
12.49% p.a.
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
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 60,000 bonus Velocity Points in the first 3 months and enjoy a discounted annual fee of $64 for the first year.
NAB Low Fee Platinum Card
0% p.a. for 24 months with 2% balance transfer fee
19.74% p.a.
$90 p.a.
Offers 7 complimentary insurance covers, a 0% p.a. for 24 month balance transfer and access to a 24/7 concierge service for a $90 p.a. annual fee.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Offers a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and 0% p.a. for 14 months on balance transfers.
Citi Simplicity Card
0% p.a. for 15 months with 1.5% balance transfer fee
19.99% p.a.
$0 p.a.
Save with 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from approval. Plus, a 15 month balance transfer offer.
NAB Low Fee Card
0% p.a. for 18 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Receive complimentary purchase protection insurance, a 18 month balance transfer offer and special offers from Visa Entertainment.
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.
HSBC Low Rate Credit Card
0% p.a. for 20 months with 2% balance transfer fee
13.25% p.a.
$79 p.a.
Receive up to 20 months interest-free on balance transfers with a 2% BT fee. Also enjoy exclusive offers with the home&Away Privilege Program.
Citi Rewards Platinum Credit Card
0% p.a. for 26 months with 2.5% 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 26 month balance transfer offer, plus complimentary international travel insurance.
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)
Take advantage of 0% p.a. on balance transfers for up to 18 months. $64 in the first year ($129 p.a. thereafter), plus, bonus Velocity Points.
St.George Vertigo Visa
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 competitive annual fee.
ANZ First Visa Credit Card
0% p.a. for 18 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Get up to 18 months interest-free on balance transfers and save with a low $30 annual fee. Plus, up to 44 days interest-free on purchases.

Compare up to 4 providers

How to find 0% balance transfer rates for your needs

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 with 0% for 6 months up to 26 months. Consider how long you need to repay your debt in full before the revert rate applies.
  • 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 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 with 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.

You can use the interest calculator built into finder's balance transfer comparison tables to determine how much you could save on interest.

Things to avoid with balance transfer rates

While a balance transfer credit card comes with many benefits, here are a few traps you should look out for:

  • Don’t balance transfer too often.
  • Only paying the minimum repayment.
  • Don't forget the offer end date.
  • Using your balance transfer credit card for purchases.

Discover how much interest you could save with the balance transfer calculator

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 (if you don't have your interest rate on you, the average is around 18-20%).
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.

Calculate your repayments

Frequently asked questions about 0% balance transfers

Images: Shutterstock

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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,

    • finder 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

    • finder 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?

    • finder Customer Care
      JonathanAugust 3, 2017Staff

      Hi Luke,

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



    • finder 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.


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