$0 Annual Fee and 0% Balance Transfer Credit Cards

Clear your existing credit card debt without paying interest or an annual fee. Find out which card will save you the most money today.

If you want to clear your credit card debt, you could increase your savings with a card that offers 0% on balance transfers and $0 annual fee. When you transfer your debt to one of these cards, you can pay no interest for a promotional period and no annual fee. Depending on the card, this $0 annual fee could apply for the first year or for the life of the card.

If you want to maximise your savings while cutting down your credit card debt, you can use this guide to compare 0% balance transfer credit cards with no annual fee and discover how they work.

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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Compare balance transfer credit cards with $0 annual fee

Rates last updated September 25th, 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.
Citi Clear Platinum Credit Card
0% p.a. for 14 months
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ANZ Platinum Credit Card
0% p.a. for 18 months with 2% balance transfer fee
19.74% p.a.
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Receive a 0% p.a. for 18 month balance transfer offer and a $0 first year annual fee. Plus, complimentary overseas travel and medical insurance.
HSBC Platinum Credit Card
0% p.a. for 22 months with 2% balance transfer fee
19.99% p.a.
$129 p.a.
Take advantage of 0% p.a. for 22 months on balance transfers and an annual fee refund when you spend $6,000 on eligible purchases yearly.
Bankwest Zero Platinum Mastercard
2.99% p.a. for 9 months
17.99% p.a.
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
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.
Qantas American Express Discovery Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0 p.a.
Earn uncapped Qantas Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
American Express Velocity Escape Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0 p.a.
Earn uncapped Velocity Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
Westpac 55 Day Platinum Credit Card
0% p.a. for 20 months with 2% balance transfer fee
19.84% p.a.
$0 p.a. annual fee for the first year ($90 p.a. thereafter)
Receive a 20 month balance transfer offer, up to 55 days interest-free on purchases, a platinum concierge service and a $0 first year annual fee.
Bankwest Zero Mastercard
2.99% p.a. for 9 months
17.99% p.a.
$0 p.a.
Features an ongoing $0 annual fee. Plus, receive up to 55 days interest-free on purchases and a 2.99% p.a. for 9 months on balance transfers.

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How to compare credit cards with no annual fee and a 0% balance transfer offer

Before you apply for a credit card with an interest-free balance transfer offer and no annual fee, here are some of the factors you should consider first:

  • Annual fee waiver. Some cards charge no annual fee for the entire life of the card while others only waive it as a promotional offer for the first year. In the latter case, you should know when the annual fee will kick in (for example, in the second year) and how much it will cost from then on. This is especially crucial if you have a card with 0% on balance transfers for more than 12 months.
  • Balance transfer period. Promotional balance transfer offers can vary from 0% for 6 months to 0% for 24 months (or sometimes even longer). This is important to think about because the length of the offer could significantly impact how much you could save on interest costs. 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 ends. If you don't, the remaining balance will collect the higher revert interest rate.
  • Revert rate. The revert rate is usually the standard cash advance rate or purchase rate that applies to your 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 have 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 amount. 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 requesting your ideal credit limit when you're applying for the card.
  • 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% to 22%. Cash advances collect interest immediately and a cash advance fee, so you might want to avoid them if you’re trying to save on interest costs.

Compare no annual fee credit cards

Rates last updated September 25th, 2018
Name Product Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.) Product Description
Westpac Low Rate Card
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
Citi Clear Platinum Credit Card
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
12.99% p.a.
0% p.a. for 14 months
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Citi Simplicity Card
$0 p.a.
19.99% p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
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.
Qantas Premier Everyday
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
19.99% p.a.
4.9% p.a. for 24 months
Take advantage of up to 40,000 bonus Qantas Points, a $0 first year annual fee plus complimentary overseas travel insurance.
ANZ Platinum Credit Card
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
19.74% p.a.
0% p.a. for 18 months with 2% balance transfer fee
Receive a 0% p.a. for 18 month balance transfer offer and a $0 first year annual fee. Plus, complimentary overseas travel and medical insurance.
Bankwest Zero Platinum Mastercard
$0 p.a.
17.99% p.a.
2.99% p.a. for 9 months
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
Westpac Altitude Platinum Card
$0 p.a. annual fee for the first year ($150 p.a. thereafter)
20.24% p.a.
Earn 60,000 bonus Altitude Points when you spend $3,000 within 90 days of card approval. Plus, a $0 first year annual fee.
28 Degrees Platinum Mastercard
$0 p.a.
21.99% p.a.
4.99% p.a. for 6 months
Designed for travel, benefit from 0% foreign transaction fees on purchases, a $0 annual fee for life and a personal concierge service.
HSBC Platinum Credit Card
$129 p.a.
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
Offers a 0% p.a. for 22 months balance transfer and an annual fee refund each year when you spend $6,000. Plus, 2 airport lounge passes every year.
Qantas American Express Discovery Card
$0 p.a.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Earn uncapped Qantas Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
American Express Velocity Escape Card
$0 p.a.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Earn uncapped Velocity Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
Bankwest Zero Mastercard
$0 p.a.
17.99% p.a.
2.99% p.a. for 9 months
Features an ongoing $0 annual fee. Plus, receive up to 55 days interest-free on purchases and a 2.99% p.a. for 9 months on balance transfers.
St.George Amplify Card
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
19.49% p.a.
3% p.a. for 36 months
Take advantage of 3% p.a. interest on balance transfers for 36 months. Plus, a $0 first year annual fee and Amplify or Qantas Points per $1 spent.
Westpac 55 Day Platinum Credit Card
$0 p.a. annual fee for the first year ($90 p.a. thereafter)
19.84% p.a.
0% p.a. for 20 months with 2% balance transfer fee
Receive a 20 month balance transfer offer, up to 55 days interest-free on purchases, a platinum concierge service and a $0 first year annual fee.
Bank of Melbourne Amplify Card
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
19.49% p.a.
3% p.a. for 36 months
Take advantage of a 3% p.a. for 36 months balance transfer offer, Amplify or Qantas points per $1 spent and enjoy a $0 annual fee for the first year.
BankSA Amplify Card
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
19.49% p.a.
3% p.a. for 36 months
Receive a 3% p.a. for 36 months balance transfer and earn Qantas or Amplify Points per $1 spent. Plus, enjoy a $0 annual fee for the first year.

Compare up to 4 providers

How to apply for a credit card with no annual fee and 0% balance transfer

Once you’ve compared your options and decided which card you want, you can apply and request a balance transfer online. It usually takes 15 minutes to complete a credit card application, but you'll need to make sure you meet the eligibility criteria and have all of the necessary information and documents to complete your application.

Eligibility requirements

  • Age. You must be at least 18 years old to apply.
  • Residential status. You must be an Australian citizen or permanent resident, although some credit cards allow certain visa holders to apply.
  • Annual income. Each credit card has its own stipulated annual income requirement, generally starting from $15,000 p.a.
  • Credit history. You usually need to have a clean credit history and a good or very good credit score to be approved.

Necessary information and documents

  • Proof of identification. You will need to provide a copy of your driver’s licence and/or passport.
  • Financial information. The application form will ask for financial details and you may also need to provide bank statements and/or other financial documents.
  • Employment details. You’ll be asked to provide details of your current and previous employment, as well as your employer contact details. You will also need to provide recent payslips and sometimes your employment contract. If self-employed, you will generally be asked for your tax assessment notice and other proof of income.
  • Assets, liabilities and expenses. The application will ask for details of your assets, liabilities and expenses.
  • Credit limit and balance transfer. The application will also ask for your desired credit limit and the amount you'd like to balance transfer. You will need to provide the account details of your current credit card(s) from which you wish to transfer your balance(s).

A credit card with a $0 annual fee and 0% balance transfer offer can be a great way to clear your credit card debt while cutting down on costs. To get the most out of your balance transfer, you should pay attention to the specific features of the card and aim to pay your balance in full before the introductory offer ends.

Images: Shutterstock

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Credit Card Offers

Important Information*
Citi Clear Platinum Credit Card

Interest rate

12.99

Annual fee

0*

*$99 p.a. after first year

Westpac Altitude Platinum Card - Qantas

Interest rate

20.24

Annual fee

50*

*$200 p.a. after first year

ANZ Low Rate

Interest rate

12.49

Annual fee

58

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12 Responses

  1. Default Gravatar
    FleurOctober 4, 2017

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

    • finder Customer Care
      JhezelynOctober 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.

      Regards,
      Jhezelyn

  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?

    • finder 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.

      Cheers,

      Jonathan

    • finder 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!

      Cheers,

      Jonathan

  3. Default Gravatar
    AllisonJanuary 15, 2015

    Hello,
    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?

    • finder 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!

      Cheers,

      Jonathan

  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.

    • finder 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.

      Thanks,

      Elizabeth

  5. Default Gravatar
    MargaretOctober 3, 2014

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

    • finder 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.

      Thanks,

      Elizabeth

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