Best Balance Transfer Rates

Get a 0% interest rate for up to 30 months and save money with a balance transfer credit card.

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Compare 0% balance transfer credit cards

You can pay off your credit card faster and save money by transferring your debt to a card that offers 0% interest on balance transfers. Use this guide to compare balance transfer interest rate offers and learn how they work.

Data indicated here is updated regularly
$
% p.a.
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
Citi Rewards Card
0% p.a. for 30 months
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.
St.George Vertigo Classic
0% p.a. for 24 months
13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Get 0% p.a. promotional balance transfer rate, with no balance transfer fee. Plus, save with a first-year annual fee waiver.
Coles No Annual Fee Mastercard
0% p.a. for 12 months
0% p.a. for 12 months, reverts to 19.99% p.a.
$0
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months. Ends 31 January 2021.
ANZ Low Rate
0% p.a. for 25 months with 1.5% balance transfer fee
12.49% p.a.
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a. on balance transfers for 25 months (with a 1.5% BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
Bankwest Breeze Classic Mastercard
0% p.a. for 26 months with 2% balance transfer fee
10.99% p.a.
$0 annual fee for the first year ($49 p.a. thereafter)
Save with 0% p.a. on balance transfers for 26 months (with a 2% BT fee) and $0 first-year annual fee. Plus, a 10.99% p.a. purchase interest rate.
Westpac Low Rate Card
0% p.a. for 24 months with 1% balance transfer fee
13.74% p.a.
$59
A low rate card offering 0% p.a. interest on balance transfers for the first 24 months and a $200 cashback offer.
HSBC Platinum Credit Card - Balance Transfer Offer
0% p.a. for 26 months with 1% balance transfer fee
19.99% p.a.
$0 annual fee for the first year ($129 p.a. thereafter)
Enjoy a 26-month balance transfer offer, a first-year annual fee waiver and complimentary travel insurance.
Coles Rewards Mastercard
0% p.a. for 18 months with 1.5% balance transfer fee
19.99% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Enjoy $100 off a Coles Supermarket, a $0 first-year annual fee and a 0% p.a. on balance transfers for 18 months (1.5% fee applies). Ends 31 Jan 2021.
Qantas Premier Platinum
0% p.a. for 18 months with 1% balance transfer fee
19.99% p.a.
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
Citi Simplicity Card
0% p.a. for 6 months
0% p.a. for 6 months, reverts to 21.49% p.a.
$0
Get 0% p.a. interest for up to 6 months on purchases and balance transfers. Plus, a $0 annual fee for life.
Westpac Altitude Platinum Qantas
0% p.a. for 18 months with 1% balance transfer fee
20.49% p.a.
$99 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.
Bankwest Breeze Platinum Mastercard
0% p.a. for 26 months with 2% balance transfer fee
10.99% p.a.
$0 annual fee for the first year ($69 p.a. thereafter)
Get 0% interest on balance transfers for 26 months, a $0 first-year annual fee, complimentary travel insurance and no foreign transaction fees.
Coles Low Rate Mastercard
0% p.a. for 6 months
12.99% p.a.
$58
Enjoy $100 off a Coles Supermarket shop and a 0% balance transfer for 6 months. Plus, earn Flybuys points as you spend. Ends 31 January 2021.
St.George Amplify Platinum
0% p.a. for 22 months with 1.5% balance transfer fee
0% p.a. for 7 months, reverts to 19.74% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.
Bank of Melbourne Vertigo Classic
0% p.a. for 24 months
13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Save with a 0% p.a. interest for 24 months on balance transfers, with no balance transfer fee. Plus, a $0 first-year annual fee.
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How to compare 0% balance transfer credit cards

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

  • 0% balance transfer period. You can find balance transfer credit cards that offer 0% interest for between 6 months and 26 months. A higher interest rate will apply to any balance transfer debt that is unpaid at the end of the introductory period. This is known as the "revert rate" and it's important to choose a card that gives you enough time to pay off your debt in full before this rate applies.
  • Balance transfers between banks. Usually, 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.
  • Card fees and repayments. 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.
  • Credit limit requirements. 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 can I 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 get an idea 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 calculator built into the comparison table above to determine how much you could save with a balance transfer credit card based on its interest rate offer. Below are the step-by-step details on how to use it.

Step 1. Enter the total debt or outstanding amount you would like to transfer to a new card.
Step 2. Enter the interest rate that you are paying on your existing debt and click "Calculate".
Step 3. Look at the"Amount Saved" details in the table 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. You can also choose to sort the cards based on the calculated amount you'd save.
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.

Remember that introductory balance transfer rates only last for a limited time before a higher interest rate applies. If you want to pay off your debt before the interest rate reverts to a higher rate, you can use the calculator below to work out how much you need to repay each month to clear the debt.

Calculate your repayments

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