$0 Annual Fee and 0% Balance Transfer Credit Cards

Find out how you could pay off existing credit card debt without interest charges or an annual fee.

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These credit cards offer an introductory 0% p.a. interest rate on balance transfers, as well as a $0 annual fee that could apply for the first year or for life. These features can help you save on credit card costs as you clear your existing debt.

HSBC Credit Card Offer

HSBC Platinum Credit Card - Balance Transfer Offer

0% p.a. for 22 months on balance transfers

Offer ends 31 March 2020

Eligibility criteria, terms and conditions, fees and charges apply

HSBC Credit Card Offer

A platinum card offering 0% interest on balance transfers for 22 months with no balance transfer fee. Plus, an annual fee refund each year when you spend $6,000 on eligible purchases

  • Annual fee: $129 | Purchase interest rate: 19.99% p.a.
  • Complimentary travel insurance and 2 lounge passes per year
  • Earn 1 HSBC Rewards Point per $1 spent in Australia and 2 overseas
  • Foreign transaction fee: 3% of transaction value | Cash advance rate: 21.99% p.a.
  • Minimum income requirement of $40,000
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Compare balance transfer credit cards with $0 annual fees

Updated February 18th, 2020
% p.a.
Name Product Balance transfer rate Purchase rate (p.a.) Annual fee Amount saved
HSBC Platinum Credit Card - Balance Transfer Offer
0% p.a. for 22 months
19.99% p.a.
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
St.George Vertigo Card - Exclusive Offer
0% p.a. for 6 months
0% for 14 months, reverts to 13.99% p.a.
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Finder Exclusive
Low rate card offering 0% p.a. interest on purchases for the first 14 months and on balance transfers for 6 months. Plus, a $0 first year annual fee.
HSBC Platinum Qantas Credit Card
0% p.a. for 12 months
19.99% p.a.
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Save with a $0 first year annual fee and a long-term balance transfer offer. Plus, complimentary travel insurance.
Virgin No Annual Fee Credit Card
0% p.a. for 12 months
18.99% p.a.
$0 p.a.
Offers 0% p.a. for 12 months on balance transfers and up to 55 days interest-free on purchases, all for a $0 annual fee. Ends 24 Feb 2020.
St.George No Annual Fee
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0 p.a.
Receive up to 55 days interest-free on purchases, a low minimum credit limit of $500 and a long-term balance transfer offer.
BankSA No Annual Fee
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0 p.a.
Offers a 0% p.a. for 12 months balance transfer, up to 55 days interest-free on purchases and an ongoing $0 annual fee.

Compare up to 4 providers

How are $0 annual fee and 0% balance transfer cards different to other cards?

While a variety of credit cards offer introductory 0% p.a. interest rates on balance transfers, some of them also charge an annual fee. This cost is usually applied when the account is first open, then every year on that anniversary.

If you get a balance transfer card that has an annual fee, this charge will usually accrue interest from the time it is added to your account. This is because the annual fee is considered as separate to the balance transfer and also won't be eligible for interest-free days. In comparison, a balance transfer credit card that offers no annual fee allows you to take advantage of an introductory interest-free period for your debt without needing to factor in this yearly account-keeping cost.

What to consider when comparing $0 annual fee and 0% p.a. balance transfer credit cards

Some of the key details to look at before you apply for a balance transfer credit card that also offers no annual fee include:

  • Annual fee waivers. Some cards charge no annual fee ever, and others only waive it as a promotional offer for the first year. If you get a card that waives the fee for the first year, find out when the annual fee will kick in (for example, in the second year) and how much it will cost from then on. This is really important if you have a card with 0% p.a. on balance transfers for more than 12 months, because the fee will eventually be charged and add to your balance.
  • Balance transfer period. Promotional balance transfer offers typically vary from 0% p.a. for 6 months to 0% p.a. for 24 months (or sometimes even longer). So before you apply, make sure that the length of the interest-free offer gives you enough time to repay your entire balance before the introductory period ends. If you don't, the remaining balance will start collecting interest that could quickly add to your debt.
  • Revert rate. The revert rate is usually the cash advance rate or purchase rate that applies to your credit card balance if you're unable to repay the entire debt before the introductory offer ends. You should pay attention to the revert rate if you're uncertain that you can clear your debt within this promotional period.
  • Balance transfer fee. This is a one-time fee that you may have to pay to move your balance over to the new card. There are credit cards that don't charge a balance transfer fee, but some cards charge up to 3% on your balance transfer amount, which could mean a fee of $300 on a $10,000 debt. The balance transfer fee is usually a small amount compared to the interest you will save, but you should still factor it in to your overall costs.
  • Balance transfer limits. Some credit cards allow you to transfer debts up to 100% of your new credit card limit, while some may impose a balance transfer limit. For example, some cards only let you transfer a balance up to 80% or 90% of your approved card limit to the new credit card. This is important to consider when you're comparing products and when you're requesting a credit limit for any new card that you apply for.

Other features you might also want to look at include:

  • Purchase rate. Any new purchases made on the card will attract the standard purchase interest rate. These will not be eligible for interest-free days and your card repayments will go towards your purchases first (rather than your balance transfer debt) if it's collecting a higher purchase rate.
  • Cash advance rate. Cash advances, such as ATM withdrawals, usually incur a higher interest rate of around 20% p.a. to 22% p.a. Cash advances collect interest immediately and attract a cash advance fee, so you might want to avoid them when you’re trying to save on interest costs.
  • Complimentary extras. If you plan to continue using the card after you have paid off your balance, perks such as complimentary travel insurance or rewards could help you get more value out of the card in the long run. However, these features may not be as important when your priority is to pay off debt.

Keep in mind that there is a wide range of credit card offers on the market that can provide value in different ways. This means you can compare a range of different options before choosing one that fits with your circumstances.

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12 Responses

  1. Default Gravatar
    FleurOctober 4, 2017

    Hi. I’m looking for 0% balance transfer with 0%BT fee?

    • Avatarfinder Customer Care
      JhezOctober 4, 2017Staff

      Hi Fleur,

      Thank you for your comment.

      You may compare 0% balance transfer credit cards on this page. You can apply for any card listed by clicking on the “Go to site” button. This will securely transfer you to the relevant financial institution’s website. There is no fee for applying from this page. Please make sure to meet the eligibility criteria before submitting an application.


  2. Default Gravatar
    abeJanuary 19, 2015

    can i transfer my personal loan to a credit card of another bank n pay no interest or annual fee

    • Default Gravatar
      KhamsyApril 24, 2015

      If I want to borrow a loan to do business about 30000 to open another 2 Bistro in club. What can do pls?

    • Avatarfinder Customer Care
      JonathanApril 24, 2015Staff

      Hi Khamsy, thanks for your inquiry!

      In regards to $0 annual fee and 0% balance transfer cards, the amount of funds/ credit that is available for use is up to the bank/ lender’s criteria and lending policies, based upon on the individual financial situation. For more information on credit limits on credit cards please see this page. You may also like to refer to the following link for a guide and a list of personal loans.



    • Avatarfinder Customer Care
      JonathanJanuary 20, 2015Staff

      Hi Abe,

      Thanks for your question,

      Please see this page for a list of which financial institutions let you transfer the balance from a personal loan to a credit card.

      I hope this helps!



  3. Default Gravatar
    AllisonJanuary 15, 2015

    I’m looking at doing a balance transfer to wipe out my current credit card but would like to know if I am legible because I have been doing full time temp work and working a full week every week since April and also have a second job which are both secure, will this disadvantage me?

    • Avatarfinder Customer Care
      JonathanJanuary 16, 2015Staff

      Hi Allison,

      Thanks for your question!

      In regards to applying for credit cards the application requirements can vary slightly depending on the credit issuer. Minimum income requirements vary for each lender and credit card, please see this page for more information about minimum income requirements on credit cards.
      Balance transfers can be an ideal way to manage credit card debt. The maximum amount you can transfer to the card (maximum balance transfer limit) is determined by the credit limit of the card. Most cards will let you transfer up to the credit limit but there are some cards that may let you transfer only up to a percentage of the credit limit usually 95%. Please see this page for more information regarding balance transfer limits.

      If there was a specific credit card you were inquiring about feel free to ask any questions.

      I hope this helps!



  4. Default Gravatar
    ChristopherOctober 6, 2014

    Not a question, but I can ALMOST guarantee that there is absolutely NO WAY, I’d get a credit card from you. The reason for this, is I’m a victim of circumstances beyond my control. I had people share a house with me when I lived in Peterborough. These people NEVER put in for rent, or utilities, leaving me well over $2k in debt. I now have black marks on my credit file, thanks to these selfish people. This will stay there for about another 4 years. I KNOW I’ll NEVER get ANY finance from you people, or mainstream financial companies, or banks due to this reason.

    • Avatarfinder Customer Care
      ElizabethOctober 7, 2014Staff

      Hi Chris,

      Unfortunately this is correct, many lenders are unlikely to approve a credit card to someone if you have bad credit history. You do, however, have access to other forms of finance such as bad credit loans. Just keep in mind the rates and fees for these types of loans are generally much higher than with other mainstream loans, although they are an option for you.



  5. Default Gravatar
    MargaretOctober 3, 2014

    Please post what the interest rates are after the initial 12 month period.

    • Avatarfinder Customer Care
      ElizabethOctober 3, 2014Staff

      Hi Margaret,

      Thanks for the question.

      Generally, the balance transfer rate will revert to either the cash advance rate or the purchase rate of the card. That being said, the interest rate that the card reverts to will depend on which card you’re looking at. If you look at the individual reviews of the card (by following the links on this page) the revert rate will be listed on the page.

      I hope this has helped.



Credit Cards Comparison

Updated February 18th, 2020
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
St.George Vertigo Classic
13.99% p.a.
0% p.a. for 18 months
$55 p.a.
Get 0% interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect up to 120,000 bonus Qantas Points. Get 90k when you spend $3,000 on eligible purchases in the first 60 days and 30k after 12 months.
Latitude 28° Global Platinum Mastercard
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.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au 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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