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Balance transfers for existing customers

You can't balance transfer with your existing bank, but the money you'll save is probably worth the switch. Compare current offers below.

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Sally McMullen
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Compare balance transfer credit cards

Most credit card promotional offers are only available to new cardholders as a way to encourage applications. This means you can't balance transfer with your existing card company. However, switching will likely offer you more savings than sticking with your current bank.

Data updated regularly
$
% p.a.
Data updated regularly
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
Kogan Money Black Card - Exclusive Offer
Exclusive
Kogan Money Black Card - Exclusive Offer
0% p.a. for 22 months
20.99% p.a.
$0
Save with a $0 annual fee and a 0% introductory rate on balance transfers. Plus, earn $50 Kogan.com Credit and uncapped rewards points. Ends 30 Sept 2021.
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Citi Clear Card - Balance Transfer Offer
Citi Clear Card - Balance Transfer Offer
0% p.a. for 28 months
14.99% p.a.
$49 annual fee for the first year ($99 p.a. thereafter)
Offers 0% p.a. on balance transfers for 28 months with no balance transfer fee and a discounted $49 first-year annual fee.
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HSBC Platinum Credit Card
HSBC Platinum Credit Card
0% p.a. for 36 months
19.99% p.a.
$29 annual fee for the first year ($129 p.a. thereafter)
Save money with a 0% balance transfer rate for 36 months (with no BT fee), a first-year annual fee discount and free travel insurance.
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St.George Vertigo Card
St.George Vertigo Card
0% p.a. for 30 months
13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Save with a 0% interest rate on balance transfers for 30 months (with no balance transfer fee) and a $0 annual fee for the first year.
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humm90 Mastercard - Balance Transfer Offer
humm90 Mastercard - Balance Transfer Offer
0% p.a. for 36 months
23.99% p.a.
$99
Get 0% interest on balance transfers for 36 months, with no balance transfer fee. Plus, up to 110 days interest free on purchases.
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Citi Rewards Card - Balance Transfer Offer
Citi Rewards Card - Balance Transfer Offer
0% p.a. for 30 months
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Save with a $49 first-year annual fee and 0% on balance transfers for 30 months with no balance transfer fee.
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PayPal Rewards Card
PayPal Rewards Card
0% p.a. for 20 months
20.99% p.a.
$0
Get 50,000 bonus points on eligible spend (worth $250 to spend at over 750,000 businesses) and a $0 annual fee for life.
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NAB Low Rate Credit Card
NAB Low Rate Credit Card
0% p.a. for 32 months
12.99% p.a.
$0 annual fee for the first year ($59 p.a. thereafter)
Get a 0% interest rate on balance transfers for the first 32 months (with no BT fee). Plus, save with a $0 first-year annual fee.
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ANZ Low Rate
ANZ Low Rate
0% p.a. for 30 months
12.49% p.a.
$0 annual fee for the first year ($58 p.a. thereafter)
Now eligible for Cashrewards Max. Save with 0% p.a. on balance transfers for 30 months (with no BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
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Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 28 months
20.74% p.a.
$0 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. on balance transfers for 28 months and a $0 annual fee in the first year. Ends 30 September 2021.
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Bankwest Breeze Classic Mastercard
Bankwest Breeze Classic Mastercard
0% p.a. for 15 months
0% p.a. for 15 months, reverts to 9.9% p.a.
$0 annual fee for the first year ($49 p.a. thereafter)
Save with 0% p.a. on purchases and balance transfers for 15 months (with no BT fee). Plus, a $0 first-year annual fee.
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Great Southern Bank Low Rate Credit Card
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Great Southern Bank Low Rate Credit Card
0% p.a. for 25 months
11.99% p.a.
$0 annual fee for the first year ($49 p.a. thereafter)
Take advantage of a 0% p.a. balance transfer rate for 25 months, $0 first year annual fee, and a low variable 11.99% p.a. interest rate on purchases.
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Westpac Low Rate Card
Westpac Low Rate Card
0% p.a. for 28 months with 1% balance transfer fee
13.74% p.a.
$0 annual fee for the first year ($59 p.a. thereafter)
Save with a $0 annual fee for the first year, plus, a 0% interest rate on balance transfers for 28 months.
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Citi Rewards Card - Points & Gift Card Offer
Citi Rewards Card - Points & Gift Card Offer
0% p.a. for 15 months
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Receive 90,000 bonus Citi reward Points (worth $400 in gift cards) and a $100 Coles eGift Card when you spend $3,000 in the first 90 days.
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Bankwest Zero Platinum Mastercard
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Bankwest Zero Platinum Mastercard
0% p.a. for 26 months with 2% balance transfer fee
14.99% p.a.
$0
Get 0% p.a. on balance transfers for 26 months (with a 2% BT fee), ​an ongoing $0 annual fee and 0% foreign transaction fees.
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What perks can I get as an existing cardholder?

  • Bonus points offers. Occasionally, card providers will allow you to earn bonus points on specific spending. For example, American Express often awards bonus points when you spend with a partnered retailer during a promotional period and Qantas lets you earn triple bonus points on certain promotional flights or hotel bookings.
  • Cashback offers. Some banks offer a promotional cashback offer instead of bonus points. For example, you might be able to receive 2% back on all eligible spending within a specific period.
  • Network perks. Card payment networks provide a host of exclusive travel, lifestyle, shopping, dining and entertainment offers to existing cardholders. For example, Visa Entertainment, Mastercard Priceless Cities and American Express Experiences all offer cardholders entertainment perks such as presale concert tickets, event discounts and access to private lounges.

While existing cardholders don’t get the most competitive balance transfer, bonus point or 0% interest rate offers, you can still get benefits from using a familiar card. And if you've got a weak credit score, you may not be able to get approved for another card. If you're in this position, it might be worth calling your credit card provider and letting them know you're not happy. Occasionally, they'll offer you an annual fee discount or a couple of extra perks to get you to stay.

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11 Responses

    Default Gravatar
    frankJuly 25, 2017

    I want to transfer balances from existing cards to capitalise on best offers

    Reply
      Default Gravatar
      JonathanJuly 25, 2017

      Hi Frank,

      Thank you for sending your enquiry today.

      You can check the list of balance transfer credit card offers and explore your options.

      Please take note of their minimum requirements to have higher chances of approval for the new card. Also, most cards would only allow up to 80% transfer to the approved limit, the balance transferred is not eligible for rewards, and is not possible for the same credit card issuer (for example from Virgin to Citibank, as they are both issued by Citibank PTY LTD).

      You can check the T&Cs of these cards on their individual cards page and talk to the card specialist if needed as some rules vary per lender.

      Hope this helps.

      Cheers,
      Jonathan

      Reply
    Default Gravatar
    KKOctober 25, 2016

    Hi,
    I am existing NAB Credit Card holder.
    Can I apply for 0% balance transfer on my existing credit card?

    Thanks

    Reply
    Default Gravatar
    gerySeptember 22, 2014

    I am trying to locate the web page for Nab,that leads to the application for Balance transfer for the existing premium card holders.The offer is 0% for 15 months.
    I was able to locate the page about 4-5 days ago.But I do not remember the web link on it. If a call Nab it takes over 30 minutes before you can get someone on the other side.

    Reply
      Avatarfinder Customer Care
      ShirleySeptember 23, 2014Staff

      Hi Gery,

      Thanks for your question.

      You may consider applying for the NAB Low Fee Platinum Card. I think this may be the offer you’re looking for.

      Cheers,
      Shirley

      Reply
      Default Gravatar
      AzzMarch 28, 2016

      That looks like a page that you can apply for if your not a customer or you want to apply for a new card. What about a link to transfer a debt for a credit card to an existing credit card NAB credit card?

      Reply
      Avatarfinder Customer Care
      DebbieMarch 31, 2016Staff

      Hi Azz,

      Thanks for your inquiry.

      It is helpful to know that you cannot do a balance transfer between credit cards under the same bank, but you also can’t transfer debts with different credit card companies that have financial ties to one another.

      You will find a guide on which financial institutions you can and can’t transfer your balance between.I suggest you to read the balance transfer terms and conditions to ensure your eligibility before you apply.

      I hope this helps.

      Cheers,
      Debbie

      Reply
    Default Gravatar
    ShaneAugust 9, 2014

    Why can I not get credit approval with a bank that I have been with for years but pre approved with other banks.?. Do I have to change banks because the bank I’m with don’t look after me.?.

    Reply
      Default Gravatar
      ShaneAugust 11, 2014

      So much for looking after loyal customers,

      Reply
      Avatarfinder Customer Care
      ShirleyAugust 11, 2014Staff

      Hi Shane,

      Thanks for your question.

      The decision is completely up to you. If you feel as though you’re getting a better deal or service from another bank, there is no harm in switching.

      All the best,
      Shirley

      Reply
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