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0% balance transfer credit card offers

Pay zero interest for up to 36 months and pay off debt faster with a 0% balance transfer credit card.

PROMOTED
Citi Clear Card - Balance Transfer Offer
Long-Term 0% Balance Transfer Offer & First-Year Annual Fee Discount
  • Low ongoing rate
  • $49 first year fee
  • Ends 31 August 2022
  • Low ongoing rate
  • $49 first year fee
  • Ends 31 August 2022
Eligibility criteria, terms and conditions apply.

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$
% p.a.
Name Product Balance transfer rate p.a. Purchase rate p.a. Annual fee Amount saved
Citi Clear Card - Balance Transfer Offer
0% for 36 months
14.99%
$49 for the first year ($99 thereafter)
Offers 0% p.a. on balance transfers for 36 months with no balance transfer fee. Plus, a first-year annual fee discount and complimentary insurance covers.
St.George Vertigo Card
0% for 32 months
13.99%
$0 for the first year ($55 thereafter)
Get a 0% interest rate on balance transfers for 32 months (with no balance transfer fee) and a $0 annual fee for the first year.
HSBC Platinum Credit Card
0% for 36 months
19.99%
$29 for the first year ($129 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.
Kogan Money Black Card - Exclusive Offer
0% for 30 months
20.99%
$0
Save with a $0 annual fee and a 0% introductory rate on balance transfers. Plus, earn $30 Kogan.com Credit and uncapped rewards points.
Coles Low Rate Mastercard
0% for 36 months
12.99%
$58
Enjoy 0% p.a. on balance transfers for the first 36 months (with no balance transfer fee).
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% for 28 months
20.74%
$0 for the first year ($129 thereafter)
Get 0% p.a. on balance transfers for 28 months (with no BT fee). Plus, $0 annual fee in the first year.
Citi Rewards Card - Purchase and Balance Transfer Offer
0% for 14 months
0% for 14 months, reverts to 21.49%
$0 for the first year ($149 thereafter)
Save with 0% on purchases and balance transfers for 14 months with no balance transfer fee. Plus, $0 first-year annual fee.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% for 14 months
0% for 14 months, reverts to 20.74%
$129
Save with 0% p.a. interest on purchases and balance transfers for 14 months and earn Velocity Points per $1 spent.
Coles No Annual Fee Mastercard
0% for 12 months
19.99%
$0
Get 20,000 bonus Flybuys points when you spend $3,000 on eligible purchases in the first 90 days. Plus, an ongoing $0 annual fee.
NAB Low Rate Credit Card
0% for 32 months
12.99%
$0 for the first year ($59 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.
Bank of Melbourne Vertigo Card
0% for 32 months
13.99%
$0 for the first year ($55 thereafter)
Save with a 0% interest rate on balance transfers for 32 months (with no balance transfer fee) and a $0 annual fee for the first year.
Virgin Money No Annual Fee Credit Card
0% for 12 months
0% for 12 months, reverts to 18.99%
$0
Save with a $0 annual fee and 0% p.a. on balance transfers and purchases for 12 months.
Bankwest Breeze Classic Mastercard
0% for 15 months
0% for 15 months, reverts to 9.9%
$0 for the first year ($49 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.
ANZ Low Rate
0% for 30 months
12.49%
$0 for the first year ($58 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.
Citi Clear Card - Cashback Offer
0% for 15 months
14.99%
$49 for the first year ($99 thereafter)
Get $250 cashback when you spend $3,000 in the first 90 days. Plus, free wine when you dine and purchase insurance cover.
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How do 0% balance transfer credit cards work?

These cards charge no interest on debt you move to the card for an introductory period, which typically lasts from 6 to 36 months. With no interest payments, you can pay off your debt faster.

But at the end of the interest-free period, any unpaid balance will attract a higher interest rate. This is sometimes known as the "revert" rate. To avoid falling into debt, you should aim to pay off your balance transfer in full before the revert rate applies.

What if you're paying interest on a few credit cards?

If you have multiple credit card debts, you can transfer and consolidate them on 1 balance transfer card. That way you'll pay no interest on the combined debt and will only need to manage 1 credit card (and pay 1 annual fee).

How much can you save with a 0% balance transfer offer?

How much you save depends on the size of your debt, the length of the interest-free offer and whether you can pay it off in full before a higher interest rate kicks in.

Example

Say we had a $5,000 balance on a credit card with a 19.94% p.a. interest rate and paid $200 off the balance each month. At that rate, it would take 33 months to fully clear the balance and would cost $1,515 in interest.

But if we moved that to a card with a 0% balance transfer offer for 25 months, we could pay off the entire debt without interest charges – assuming there were no other fees or charges on the balance transfer card.

💡Tip: You can use the comparison table to see how much you can save based on your current balance and interest rate.

Promoted
0% p.a. for 36 months on balance transfers with no balance transfer fee. $29 annual fee for the first year ($129 thereafter).

How to compare 0% balance transfers credit cards

There are many 0% balance transfer credit cards on the market, so here are 5 important factors to consider when comparing your options.

1. Length of the balance transfer introductory offer

Compare balance transfer cards by how long the interest-free period lasts. You should look for a card that gives you enough time to repay the entire debt before the revert rate kicks in.

For example, let's say you have a debt of $7,000 and are looking at a card with 0% on balance transfers for 18 months. You'd need to pay around $389 each month to clear the entire amount before you're charged interest. If you didn't think you could afford this, looking for a card with a longer interest-free offer would help spread out and reduce the monthly repayments.

💡 Tip: Use a repayment calculator to see how much you'd need to pay each month to clear your balance.

2. How much you are allowed to transfer

You can typically transfer between 70% and 100% of the approved credit limit, but it does depend on the bank or lender. If you had an approved high credit limit of $20,000 and a maximum balance transfer of 80% of the limit, you could transfer up to $16,000. Finder's guide on each bank's balance transfer limit and how much they will allow you to balance transfer has more details.

3. Which banks and brands you can transfer to

You can't transfer your balance to a new card with the same bank. This means that you also can't transfer balances between banks that are owned by the same provider.

For example, you can't balance transfer between St.George and Bank of Melbourne as they're both owned by Westpac. But you could balance transfer between CommBank and St.George. Refer to our guide on which banks you can balance transfer to for more information.

4. Balance transfer revert rate

If you can't pay your entire balance by the end of the introductory period, any remaining debt will collect the balance transfer revert rate. This is usually a much higher cash advance or purchase interest rate. It's important to compare this rate and know when it applies, even if you're planning to pay the debt in full before the 0% interest period ends.

5. Compare fees and charges

You won't have to pay any interest during the promotional period, but most balance transfer credit cards come with other costs. These can include:

  • An annual fee, which can range between $29 and $400 or more. Some cards also offer a $0 annual fee in the first year or ongoing.
  • A balance transfer fee when you first move the debt. This is typically a percentage-based fee of between 1% and 3% of the amount you're transferring.
  • Interest on new purchases. Balance transfer cards often charge high purchase interest rates and your repayments will automatically go towards whichever balance attracts the most interest. Plus, many credit cards do not offer interest-free days on purchases when you have a balance transfer.

If you're concentrating on paying down your balance transfer during the interest-free period, check these costs and make sure they won't cancel out your interest savings.

When do I have to pay the annual fee on a 0% balance transfer card?

If you get a balance transfer card that has an annual fee, it will usually be charged when you first activate the account, then once per year on the anniversary of that date.

As the annual fee is a new charge, it's not eligible for the introductory 0% p.a. balance transfer interest rate and will attract interest charges at the card's purchase rate until you pay it off.

So if you get a 0% balance transfer card with an annual fee, aim to pay it off as quickly as possible so you can focus on clearing your actual balance transfer debt during the 0% p.a. interest rate period.


A 0% balance transfer credit card can be a useful way to get your debt under control and pay off your card with no interest costs.

As there are many interest-free balance transfer credit cards on the market, make sure you compare your options before you apply to find the right one for you.

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