0% Balance Transfer Credit Card Offers

Repay your debt faster and save on interest costs with a balance transfer credit card with 0% p.a. for up to 26 months.

0% balance transfer credit cards let you move debt from an existing card to a new card with a different provider that offers no interest charges on the balance during the introductory period. With 0% interest on the debt, you can save more and pay off your credit card debt faster. Here, you’ll find out more about 0% balance transfer cards, including how they work and how to compare them to take full advantage of these offers.

Exclusive to finder.com.au - 0% Balance Transfer Offer

NAB Low Fee Platinum Card - Exclusive Offer

0% p.a. for 25 months
on balance transfers
Exclusive to finder.com.au

Offer ends 6 May 2018

Eligibility criteria, terms and conditions, fees and charges apply

Exclusive to finder.com.au - 0% Balance Transfer Offer

The NAB Low Fee Platinum Card features a range of platinum benefits and a long-term balance transfer offer exclusive to finder.com.au.

  • 0% p.a. on balance transfers for 25 months on a new NAB Low Fee Platinum Card. BT reverts to cash advance rate thereafter.
  • No balance transfer fee when BT requested upon application.
  • Receive seven complimentary insurance covers when you make an eligible purchase. Plus, access to the 24/7 NAB Concierge Service.
  • Request an additional cardholder at no extra cost.
  • Must apply through finder.com.au to take advantage of this offer. Offer may be withdrawn at any time.
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0% balance transfer credit cards comparison

Rates last updated April 20th, 2018
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
NAB Low Fee Platinum Card - Exclusive Offer
0% p.a. for 25 months
19.74% p.a.
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee. Ends 6 May 2018.
Virgin Australia Velocity Flyer Card - Exclusive Offer
0% p.a. for 18 months
20.74% p.a.
$50 p.a.
finder Exclusive: Save with a $50 annual fee for life and 3 bonus Velocity Points per $1 spent for the first 3 months. Limited to 500 applications.
HSBC Platinum Credit Card
0% p.a. for 22 months with 2% balance transfer fee
19.99% p.a.
$129 p.a.
Offers a 0% p.a. for 22 months balance transfer and an annual fee refund each year when you spend $6,000. Plus, complimentary travel insurance.
Westpac Low Rate Card
0% p.a. for 24 months with 2% balance transfer fee
13.49% p.a.
$59 p.a.
Offers a 0% for 24 month balance transfer option, up to 55 days interest-free on purchases and a competitve 13.49% p.a. purchase interest rate.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Offers a discounted annual fee, $100 cashback when you meet the spend requirement and up to 14 months on balance transfers. Ends 30 April 2018.
St.George Vertigo Platinum - Online Offer
0% p.a. for 24 months
12.74% p.a.
$99 p.a.
Platinum card benefits including complimentary insurance, plus 0% p.a. for 24 months on balance transfers (with no BT fee). Ends 30 April 2018.
HSBC Low Rate Credit Card
0% p.a. for 20 months with 2% balance transfer fee
13.25% p.a.
$79 p.a.
Receive up to 20 months interest-free on balance transfers with a 2% BT fee. Also enjoy exclusive offers with the home&Away Privilege Program.
St.George Vertigo Visa
0% p.a. for 18 months with 1% balance transfer fee
13.74% p.a.
$55 p.a.
Enjoy a 0% p.a. for 18 months balance transfer offer. Plus, up to 55 days interest-free on purchases.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
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 60,000 bonus Velocity Points in the first 3 months and enjoy a discounted annual fee of $64 for the first year. Ends 30 April 2018.
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.
St.George Rainbow Vertigo Visa
0% p.a. for 18 months with 1% balance transfer fee
13.74% p.a.
$55 p.a.
Available until 26 September 2018, all the great low cost features of the Vertigo Visa with a rainbow design in support of the LGBT community.
Citi Platinum Credit Card - 100k Bonus Points
0% p.a. for 15 months with 1% balance transfer fee
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, enjoy a long-term balance transfer offer, a discounted first year annual fee and complimentary travel insurance.
Bank of Melbourne Vertigo Platinum
0% p.a. for 24 months with 1% balance transfer fee
12.74% p.a.
$99 p.a.
Offers a long-term balance transfer, low ongoing purchase rate, complimentary travel insurance and access to a 24/7 personal concierge service.
BankSA Vertigo Visa
0% p.a. for 18 months with 1% balance transfer fee
13.74% p.a.
$55 p.a.
Enjoy a 0% p.a. for 18 months balance transfer offer. Plus, up to 55 days interest-free on purchases.
Citi Rewards Platinum Credit Card
0% p.a. for 26 months with 2.5% balance transfer fee
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus complimentary international travel insurance.
NAB Low Fee Card
0% p.a. for 18 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Receive complimentary purchase protection insurance, a 18 month balance transfer offer and special offers from Visa Entertainment.

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The finder.com.au best* 0% balance transfer credit cards

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Balance transfers explained in 60 seconds


What you'll find in this guide

Follow the steps to learn, compare and apply for a balance transfer offer.

What is a 0% balance transfer credit card?

0% balance transfers let you transfer your existing credit card debt to a new credit card with a 0% interest rate for a promotional period. The interest-free introductory period will vary from card to card, but you can find cards with no interest on balance transfers for up to 30 months. Once the introductory offer has finished, the balance transfer interest rate will revert to a higher standard interest rate.

How do 0% balance transfer credit cards work?

A 0% balance transfer credit card allows you to move a high-interest debt to a new card with a promotional 0% offer on balance transfers. You can request the balance transfer when you're applying for the new card. If you're approved, your new provider will settle the balance on your old card and transfer it to your new account. While the 0% promotional balance transfer offer is in place, you won't accrue any additional interest as you repay your debt.

This means you can clear your balance without collecting more debt for a promotional period of up to 30 months depending on the card. Not only can you clear your debt faster, but you can save hundreds or thousands of dollars on interest charges at the same time.

How much interest will I save with a 0% balance transfer credit card?

If you have a credit card debt of $1,000 and you make $100 repayments per month, a balance transfer offer can help you regain control of your finances and save.

Normal credit card without balance transfer offer0% balance transfer credit card
Interest rate20% p.a.0% p.a.
Months required to repay12 months10 months
Interest paid over this period$200$0

As you can see in the example above, not only can you save $200 in interest costs, but you'll also repay your debt faster.

This example assumes that the cardholder cleared the debt before the promotional offer finished. Once the 0% balance transfer period offer finishes, a higher standard interest rate will apply. So if you're unable to pay off your debt before the introductory offer ends, your remaining debt will be charged the standard variable interest rate for balance transfers.

You can calculate how much interest you'll save with your balance transfer credit card using the comparison table above. Simply type in the size of your debt and the current interest rate you're paying and select calculate. Considering the interest saved will help you compare your options and determine which 0% balance transfer credit card is right for you.

Your current stage in choosing a balance transfer offer

How to compare 0% balance transfers credit cards

Here are the most important factors you should keep in mind to find a 0% balance transfer card to consolidate your debt:

Length of the balance transfer introductory offer.

The 0% interest period on a balance transfer card can range from 6–30 months, but will vary between cards and available offers. The more debt you have, the longer you want the introductory period to be so you have more time to pay it off.

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.

Make sure you can transfer to the new bank.

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.

Balance transfer revert rate.

At the end of the balance transfer promotion, the 0% interest rate will revert to a higher standard variable rate (usually the cash advance or purchase rate). This means any balance that remains after this time will be charged interest, so you should aim to repay your debt before the promotional offer ends to avoid interest charges.


Credit card rewards are earned based on how much you spend on the card, so they are not usually a priority when you want to pay off debt. Plus, it's important to remember that balance transfers don't earn points. But if you want to earn rewards in the future, considering this feature when you apply for a 0% balance transfer could save you adding another card to your wallet later on.

Complimentary extras.

Many credit cards come with perks such as complimentary international travel insurance, extended warranties and purchase protection insurance. These benefits can add value to a card but are usually less important when compared to features such as the balance transfer offer and ongoing fees.

The purchase rate.

If you plan to make new purchases on the card before or after you’ve cleared your debt, check the purchase rate. Note that this rate will be applied from the day of the transaction when you carry a balance. If you want to make purchases whilst repaying a balance transfer, some cards offer both 0% on balance transfers and purchases. If you're paying down a debt, avoid using your card for purchases until you've repaid the entire balance.

What are the hidden costs of a 0% balance transfer credit card?

While you don’t pay interest on the debt you move to a 0% balance transfer card, there are a number of other fees you should be aware of before you apply. Some of the most common costs include:

  • Balance transfer fee. Banks may charge a 1-3% fee for your balance transfer, which is based on the total balance transfer amount. You can check if the card you're applying for charges a balance transfer fee by using our balance transfer credit card reviews or by reading the fine print.
  • The annual fee. While some 0% balance transfer credit cards have a $0 annual fee, others can range between $49 to $400 or more. Make sure that the annual fee won't exceed your interest savings before you apply.
  • Minimum repayments. Even though the card charges 0% interest, you will still have to pay at least the minimum amount required for each statement period. Paying the minimum repayment might not be enough to clear your balance before the end of promotional period, so make an effort to pay as much as you can each month. Ideally, you should divide your balance by the number of months in the promotional period and pay that amount each month to clear the balance in full before the promotion ends.
  • Interest charges for new purchases. When you make a purchase on a 0% balance transfer card, the purchase rate will be applied to it from the day the transaction is made. Your repayments will also go towards the debt that attracts the highest interest rate first. In this case, that is your purchases instead of your balance transfer.
  • Late payment fee. Some credit card issuers may charge a late payment fee if payments are made after the due date on your statement.

Depending on the 0% balance transfer card you choose, other fees and charges may also apply in some circumstances. Make sure you check the standard terms and conditions for individual cards before you apply.

How to apply for a 0% balance transfer offer

These simple steps will help you find and apply for a 0% balance transfer offer that fits your budget and your needs.

  1. Check your total amount of debt owed

    Consider how much debt you want to transfer, and how long you think it will take you to pay it off so that you know what kind of offers will help you achieve your goal.

  2. Compare 0% balance transfer offers

    Look at all the different features and types of balance transfer offers, weighing them up based on the length of the 0% balance transfer offer, the amount you have to repay and the fees and features that come with the card. You should also make sure you meet the eligibility requirements before you apply. Use the comparison table to review your options side by side.

  3. Apply online

    Once you've compared your options and decided on a card, hit the "Go to site" button and you will be redirected to the credit card’s secure application page.

  4. Fill out the application form

    You will need to provide personal details including your full name, date of birth, street address, driver's licence number and/or passport number. Keep these documents handy and submit copies as requested by the credit card issuer.

  5. Include details of the balance transfer request

    There is a section of the credit card application that asks for details of any balance transfer requests. You will need to fill this out with information including the current credit card company, the account number and the total amount of debt you want to transfer to the new card.

  6. Submit the application

    You should get a response within 60 seconds of applying. You may be required to provide supporting documentation as part of this process. When you receive your card and activate it, your new provider will process the balance transfer from your old card to the new one. If you'd like to cancel your old credit card, contact your old bank directly to request for the account to be closed.

Your current stage in choosing a balance transfer offer

Applying for a 0% balance transfer can be a daunting task. We have answered the most popular questions from our users about applying and using a 0% balance transfer credit card here. If you still have a question please leave a comment in the "Ask a Question" box below and one of our friendly staff will respond to your query.

Frequently asked questions about 0% balance transfer credit cards

Compare other types of balance transfers

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NAB Low Fee Platinum Card - Exclusive Offer
NAB Low Fee Platinum Card - Exclusive Offer

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HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate


Annual fee

Virgin Money Low Rate Credit Card
Virgin Money Low Rate Credit Card

Interest rate


Annual fee


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89 Responses

  1. 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 ?

    • Staff
      ArnoldJanuary 4, 2018Staff

      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


  2. Default Gravatar
    December 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!

  3. Default Gravatar
    brentNovember 12, 2017

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

    • Staff
      LouNovember 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.


  4. Default Gravatar
    September 19, 2016


    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???

  5. Default Gravatar
    michaelJuly 3, 2016

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

    • Staff
      LouJuly 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.


  6. Default Gravatar
    JanJune 29, 2016

    If I transfer my debt (which will be different to my bank) can I still make payments via internet banking?

    • Staff
      MayJuly 1, 2016Staff

      Hi Jan,

      Thanks for your inquiry.

      That depends on the bank where the transfer is being made to. But, usually, credit card companies accept card payments in many ways including internet banking.


  7. Default Gravatar
    May 12, 2016

    Are the balance tranfer credit cards help with paying any bills you may have?

    • Staff
      MayMay 12, 2016Staff

      Hi Sonya,

      Thanks for your question.

      If you’re not going to use the card for a balance transfer, using it for paying bills is okay. However, if you will conduct a balance transfer on the card, a great portion of your credit limit will be used up. Please keep in mind that a large percentage of the credit card limit (sometimes 70%-95%) can be used when you do a BT. As such, it may not be practical to use your card for debiting your bills as there would be a possibility you will end up charging your card more than its credit limit.

      Hope this helps.


  8. Default Gravatar
    DenisApril 27, 2016

    i have a bank of melbourne credit card and a nab credit card, i want to transfer the nab card to a balance transfer 0% at st. george
    is st george the same bank

    • Staff
      SharonMay 1, 2016Staff

      Hi Denis,

      Thanks for your inquiry.

      Transferring a balance from a NAB card to a new St.George credit card is allowed. Please note of the eligibility requirements before sending your application as each submitted application will appear on your credit history.

      I hope this helps.


  9. Default Gravatar
    JudeApril 5, 2016

    My daughter has a maxed out credit card and will probably not be eligible for another credit card. Can I get a card in my name and have her balance transferred into it. I know I would then be liable for the debt, but I accept that.

    • Staff
      SharonApril 8, 2016Staff

      Hi Jude, thanks for your comment.

      Some banks allow balance transfers between two separate names. You may refer to the following page to see the different options and compare balance transfer credit cards that you can apply for.

      I hope this helps.


  10. Default Gravatar
    yvonneMarch 8, 2016

    I have a ANZ and Coles mastercard which are nearly maxed out could you please tell me if I can get a which is the best card to go with and also can I transfer both into the 1 card. your faithfully Yvonne

    • Staff
      SharonMarch 9, 2016Staff

      Hi, thanks for your inquiry.

      Please note that finder.com.au is an online comparison service and is not in the position to recommend specific products, providers and services to you, as the best option will always depend on your individual financial needs and situation.

      You may want to check this page to find the *best balance transfer credit card. Take time to compare credit cards and use the balance transfer calculator to find the one that suits you. Please take note of the eligibility requirements at the bottom of each credit card’s review page as each submitted application will appear on your credit history.

      I hope this has helped.



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