0% Balance Transfer Credit Card Offers

Pay no interest for up to 20 months and repay your debt faster with a balance transfer credit card.

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Citi Credit Card Offer

Citi Clear Platinum Credit Card

0% p.a. for 14 months on balance transfers
$0 first year annual fee

Eligibility criteria, terms and conditions, fees and charges apply

Citi Credit Card Offer

Save with a $0 annual fee for the first year and a long-term balance transfer offer. Plus, enjoy complimentary insurance covers.

  • $0 p.a. annual fee for the first year ($99 p.a. thereafter).
  • 12.99% p.a. on purchases
  • 0% p.a. for 14 months with 0% BT fee on balance transfers
  • Cash advance rate of 21.74% p.a.
  • Up to 55 days interest free
  • Minimum income requirement of $35,000 p.a.
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Compare 0% balance transfer credit cards

Rates last updated August 26th, 2019
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Name Product Balance transfer rate Purchase rate (p.a.) Annual fee Amount Saved Product Description
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 long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
0% p.a. for 18 months
20.74% p.a.
$50 p.a.
Save with an ongoing $50 annual fee and 0% balance transfer offer. Plus, the ability to earn up to 30,000 bonus Velocity Points in the first 3 months.
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.
Citi Rewards Platinum Credit Card - Exclusive Offer
0% p.a. for 13 months
0% for 13 months, reverts to 20.99% 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.
St.George Vertigo Platinum
0% p.a. for 18 months
12.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Features a long-term 0% balance transfer offer, $49 first year annual fee and access to a 24/7 personal concierge service.
ANZ Low Rate
0% p.a. for 15 months
12.49% p.a.
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
Bendigo Bank Low Rate Mastercard
0% p.a. for 18 months with 2% balance transfer fee
11.99% p.a.
$45 p.a.
Take advantage of 0% p.a. for 18 months on balance transfers, plus a low variable purchase interest rate of 11.99% p.a. on purchases.
Citi Rewards Platinum Credit Card - Balance Transfer Offer
0% p.a. for 26 months with 1.5% balance transfer fee
20.99% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus $0 first year annual fee.
BOQ Low Rate Visa Credit Card
0% p.a. for 14 months
13.49% p.a.
$55 p.a.
A no-frills card offering 0% on balance transfers for the first 14 months with no balance transfer fee. Plus, a competitive purchase interest rate.
St.George Vertigo Classic
0% p.a. for 16 months
13.99% p.a.
$55 p.a.
Get 0% p.a. interest for up to 16 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
BOQ Platinum Visa Credit Card
0% p.a. for 12 months
20.74% p.a.
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
Enjoy 1,000 bonus Q Rewards points monthly when you meet the spend requirement, a 12-month balance transfer offer and $0 first year annual fee.
Suncorp Clear Options Platinum Credit Card - Exclusive Offer
0% p.a. for 20 months
20.74% p.a.
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Finder Exclusive ends 31 August 2019:
Save with a 0% balance transfer offer and a $49 first year annual fee when you apply online.
St.George Vertigo Classic - 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 Credit Card
0% p.a. for 12 months
0% for 12 months, reverts to 19.99% p.a.
$129 p.a.
0% p.a. on purchases and balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
ANZ First Visa Credit Card
0% p.a. for 18 months with 2% balance transfer fee
20.24% p.a.
$30 p.a.
Get up to 18 months interest-free on balance transfers and save with a low $30 annual fee. Plus, up to 55 days interest-free on purchases.
Bank of Melbourne Vertigo Platinum
0% p.a. for 18 months
12.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. balance transfer rate for 18 months, a reduced annual fee for the first year and complimentary travel insurance.
Virgin Money Low Rate Credit Card
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.
Westpac Low Rate Card
2019 Winner
Westpac Low Rate Card
0% p.a. for 16 months
13.74% p.a.
$59 p.a.
A no frills, low rate card offering 0% p.a. interest on balance transfers for the first 16 months, with no balance transfer fee.
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.
BOQ Blue Visa Credit Card
0% p.a. for 6 months
20.74% p.a.
$60 p.a.
Receive $120 cashback when you spend $500 per month on retail purchases for the first 3 months, and a 6 month interest-free balance transfer offer.

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?

While some balance transfer credit cards offer a low interest rate for a promotional period (such as 3% for 30 months), these cards charge 0% interest for a promotional period. As long as you can pay off your debt in full before the introductory offer ends and revert rate applies, you can usually save more on interest costs with a 0% balance transfer deal. Depending on the card, the interest-free period may last from 6 to 26 months.

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 some important factors to consider when comparing your options.

  • How long is the balance transfer offer?
  • How much can you transfer?
  • Make sure you're transferring to a new bank
  • Compare fees and charges

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.

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.

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.

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.

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%.

While some 0% balance transfer credit cards charge $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.

You shouldn’t use your credit card to make purchases while you’re concentrating on paying down your balance transfer. In case you have to use the card for an emergency, check the purchase interest rate first.


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.

Compare other types of balance transfers

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Balance Transfer Credit Cards

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93 Responses

  1. 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

  2. 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

  3. 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

  4. 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!

  5. 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

  6. 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???

  7. 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

  8. 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?

    • Avatarfinder Customer Care
      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.

      Cheers,
      May

  9. Default Gravatar
    SonyaMay 12, 2016

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

    • Avatarfinder Customer Care
      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.

      Cheers,
      May

  10. 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

    • Avatarfinder Customer Care
      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.

      Sharon

Credit Cards Comparison

Rates last updated August 26th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Save with an ongoing $50 annual fee and 0% balance transfer offer. Plus, the ability to earn up to 30,000 bonus Velocity Points in the first 3 months.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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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