0% Balance Transfer Credit Card Offers

Pay no interest for up to 26 months and repay your debt faster with a balance transfer credit card.

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Virgin Money Credit Card Offer

Virgin Australia Velocity Flyer Card - Bonus Points Offer

Earn up to 70,000 bonus Velocity Points

Offer ends 24 February 2020

Eligibility criteria, terms and conditions, fees and charges apply

Virgin Money Credit Card Offer

Receive up to 70,000 bonus Velocity Points when you meet the spend criteria and save with a reduced annual fee in the first year.

  • $64 first year annual fee ($129 thereafter)
  • 20.74% p.a. purchase interest rate | 20.99% p.a. cash advance rate
  • 20,000 bonus Velocity Points per month for the first 3 months (spend $1,500/month), plus 10k extra points after your first anniversary
  • 0% p.a. for 18 months on balance transfers, with no BT fee
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Compare 0% balance transfer credit cards

Updated December 9th, 2019
$
% p.a.
Name Product Balance transfer rate Purchase rate (p.a.) Annual fee Amount saved
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 70,000 bonus Velocity Points (60,000 in 3 months and 10,000 after first year). Plus, save with 0% p.a. for 18 months on balance transfers.
0% p.a. for 13 months
0% for 13 months, reverts to 21.49% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
0% p.a. for 18 months
13.99% p.a.
$55 p.a.
Get 0% p.a. interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
0% p.a. for 26 months with 1.5% balance transfer fee
21.49% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn reward Points per $1 spent and take advantage of a 0% p.a. for 26 month balance transfer offer and a discounted $49 first year annual fee.
0% p.a. for 9 months
0% for 9 months, reverts to 14.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.
0% p.a. for 18 months
13.99% p.a.
$55 p.a.
Enjoy 0% p.a. interest for up to 18 months on balance transfers. Plus, a low annual fee and competitive purchase rate.
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Get a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and a 14-month balance transfer.
0% p.a. for 18 months
13.99% p.a.
$55 p.a.
Enjoy a 0% p.a. interest rate for up to 18 months on balance transfers. Plus, a low annual fee and purchase interest rate.
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.
0% for 15 months, reverts to 12.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. purchase rate for 15 months, a reduced annual fee for the first year and complimentary travel insurance.
0% for 15 months, reverts to 12.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers an interest-free purchase promotion, a discounted annual fee of $49 for the first year and complimentary travel insurance.

Compare up to 4 providers

If you want to avoid high interest costs, you can use a 0% balance transfer credit card to move debt from an existing card to a new one with a different provider that charges no interest for an introductory period. With no interest charges, you can potentially save more and pay off your credit card debt faster. You can use this guide to learn more about 0% balance transfer cards, understand how they work and compare interest-free balance transfer offers on the market.

Balance transfers explained in 60 seconds

How do 0% balance transfer credit cards work?

These cards charge no interest on balance transfer debts for an introductory period that can last from 6 to 26 months. With no interest payments, you can pay off your debt faster and save money. If you have multiple credit card debts, you can transfer and consolidate them on one balance transfer card. That way you'll pay no interest on the combined debt and will only need to manage one credit card account.

At the end of the interest-free period, any unpaid balance will attract a much higher revert interest rate. To avoid falling into debt, you should aim to pay off your balance transfer in full before the revert rate applies.

How much you will save with a balance transfer will depend on the size of your debt, the length of the interest-free offer and whether you can pay it off in full before the revert interest rate kicks in. You can use the comparison table above to compare cards by the potential savings based on your debt and the interest rate you're currently paying.

How to compare 0% balance transfers credit cards

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

1. Length of the balance transfer introductory offer

Many Australian credit cards offer 0% on balance transfers, so you can compare your options by how long the interest-free period lasts for. 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 debt before interest applies. If you don’t think you can afford this, you could look for a card with a longer interest-free offer to spread out and reduce your monthly repayments.

2. How much you are allowed to transfer

Depending on the bank, you can usually transfer between 70% to 100% of the approved credit limit. If you had an approved credit limit of $10,000 and a maximum balance transfer of 80% of the limit, you could transfer up to $8,000. Refer to our guide on each bank's balance transfer limit and how much they will allow you to balance transfer for more information.

3. Which banks and institutions you can transfer to

You can't transfer your balance to a new card under 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. 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 revert rate. This is usually the much higher cash advance or purchase interest rate. It’s important to compare this rate and know when it kicks, even if you’re planning to pay the debt in full before interest applies.

5. Compare fees and charges

While you won’t have to pay any interest during the promotional period, most balance transfer credit cards come with other costs. You may be charged a balance transfer fee when you first move the debt, which is usually a percentage-based fee of between 1% to 3% of the amount you're transferring.

Some 0% balance transfer credit cards charge $0 annual fee and others can range between $49 to $400 or more. Make sure that the annual fee won't exceed your interest savings before you apply.

Balance transfer cards often charge high purchase interest rates and your repayments will automatically go towards whichever balance attracts the most interest. If you're concentrating on paying down your balance transfer during the interest-free period, you should avoid using your card to spend unless you know you can pay it off in full.


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. If you’ve compared your options, you can use Finder’s guide to applying for a balance transfer for some tips to complete the application.

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

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Balance Transfer Credit Cards

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99 Responses

  1. Default Gravatar
    WilOctober 11, 2019

    Hi, I was wondering whether it is possible to use a Balance Transfer to put a target credit card into a credit balance?

    • Avatarfinder Customer Care
      NikkiOctober 12, 2019Staff

      Hi Wil,

      Thanks for your comment. The possibility of transferring the balance of your target credit card into another would depend on the balance transfer card you choose. Note that there are banks you can and cannot balance transfer to and you can use this page for reference.

      Contact the bank of your choice and inquire about how their balance transfer process works. As a friendly reminder, check the eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

      Here is also a step guide to a successful balance transfer process.

      Hope this helps and feel free to reach out for further assistance as needed.

      Cheers,
      Nikki

  2. Default Gravatar
    MikeSeptember 25, 2019

    Hi there,
    If I have a credit card with a balance transfer, and I make a purchase with that card, can I pay the amount of that purchase within the same statement period (to avoid the interests) or if I do this the payment will go to the balance transfer first?
    Thanks

    • Avatarfinder Customer Care
      NikkiSeptember 26, 2019Staff

      Hi Mike,

      Thanks for getting in touch! When you get a balance transfer credit card, you are encouraged to pay the full amount due on the due date – this includes your monthly balance transfer due and your purchases. If your card has a purchase rate — this may also be included in your bill. As a friendly reminder, check the eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

      Hope this helps!

      Best,
      Nikki

  3. Default Gravatar
    samSeptember 25, 2019

    If I get the credit card only for balance transfer without using for any purchasing up to 15 month do I have to pay any interest on?

    • Avatarfinder Customer Care
      AshSeptember 25, 2019Staff

      Hi Sam,

      Thank you for contacting Finder.

      If you will be only using the Credit Card for the Balance Transfer, there is no need to pay for the Purchase Interest Rate as it will not accrue unless you will be making a purchase using your card.

      I hope this helps.

      Please do not hesitate to reach out again to us.

      Cheers,
      Ash

  4. Default Gravatar
    AlitaAugust 20, 2019

    I have no balance to transfer having paid off all, a year ago. I am looking for the best credit card with low interest rate as well as low interest on cash withdrawal.

    • Avatarfinder Customer Care
      AshAugust 20, 2019Staff

      Hi Alita,

      Thank you for contacting Finder.

      You may compare the Credit Cards listed at this page wherein they offer Low Cash Advance Interest Rate which is the one accruing if you are to withdraw cash from your card.

      Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Please do not hesitate to reach out again to us.

      Cheers,
      Ash

  5. Default Gravatar
    grantJanuary 9, 2019

    I want to balance transfer from a credit card to another credit card. I’m confused when they say 55-day interest-free (accept if you have a balance transfer), does this mean any new purchases on the new credit card will be charged interest from day of purchase.

    • Avatarfinder Customer Care
      JhezJanuary 11, 2019Staff

      Hello Grant,

      Thank you for your comment.

      To be eligible to receive interest-free days, you must repay your account’s outstanding balance in full by the due date on your statement. Usually, you’ll need to pay the full balance for the statement prior to the start of that billing cycle as well as the statement issued at the end of it.

      Please refer to this page as interest-free days is explained briefly on this page.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  6. Default Gravatar
    ChrisJanuary 2, 2018

    I’m wanting to help my daughter manage her credit card debt as she has just started Working as a teacher after studying for 2 years and although she worked Term 4 and has a contract for term 1 in 2018 she isn’t permanently employed so we were thinking she wouldn’t be eligible for an interest free card so I would take it out and she could make the minimum payment ?

    • Default Gravatar
      ArnoldJanuary 4, 2018

      Hi Chris,

      Thanks for your inquiry

      You may want to transfer your daughter’s credit card balance to your credit card to alleviate her debt. Some banks will allow you to move another person’s debt to your own credit card. Please note that you will have to meet certain eligibility requirements to be considered. For more information about this, please check on this link.

      Hope this information helps

      Cheers,
      Arnold

  7. Default Gravatar
    DianDecember 10, 2017

    I am on a pension income and I wish to make a transfer from my ANZ low rate c/card to a 0% balance transfer. Can you recommend a suitable c/card? Thanks!

  8. Default Gravatar
    brentNovember 12, 2017

    can i consolidate 2 existing credit cards into 1 new 0% balance transfer credit card.

    • Avatarfinder Customer Care
      DeeNovember 12, 2017Staff

      Hi Brent,

      Thanks for your question.

      Most balance transfer credit cards allow you to consolidate at least 2 cards from other banks. However, kindly note that the total amount that you can move to the new balance transfer card depends on your approved and available credit limit.

      If you are interested to know where you can balance transfer to based on your existing card issuers, you can check our guide here.

      Cheers,
      Anndy

  9. Default Gravatar
    BrianSeptember 19, 2016

    G’day.

    Just wondering what if 0% on balance transfers is a good way to pay down debt. e.g. $15k credit card debt. 1.5% on bt and 0% interest for 24 months, but fees $200 for first year then $300 after that. So over 24 months would cost $725. If live of cash and pay credit card. Then at the end of 24 months look for another deal. And cancel when converts to the higher than average rate. Isn’t this a good way to pay down the debt???

  10. Default Gravatar
    michaelJuly 3, 2016

    Can you get a card without giving out your employment details?

    • Avatarfinder Customer Care
      DeeJuly 3, 2016Staff

      Hi Michael,

      Thanks for your inquiry.

      Credit card companies will require your employment details because it is one way to prove your source of income. If you are self-employed, you will be required to provide your accountant’s contact details.

      Cheers,
      Anndy

Credit Cards Comparison

Updated December 9th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
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.
19.99% p.a.
0% p.a. for 18 months
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 20,000 bonus Qantas Points per month for the first 6 months when you spend $1,500/month. Total of up to 120,000 bonus Qantas Points.
0% for 9 months, reverts to 14.99% p.a.
0% p.a. for 9 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.

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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