0% Balance Transfer Credit Card Offers

Want to save money on interest charges and pay off debt faster? Read this guide to find out how a 0% balance transfer credit card can help.

0% balance transfer credit cards let you move debt from an existing card to a new card with a low interest rate. The lower the interest rate, the more you can save and the faster you can pay off the balance as a result, which is why 0% interest balance transfer cards are so popular.

Here, you’ll find out more about 0% balance transfer cards, including how they work and how to compare them to make the most out of these offers.

Sponsorship - HSBC Platinum Credit Card - 0% BT - PE-17029

0% Balance Transfer Credit Card Offer

Earn Reward Points with the HSBC Platinum Credit Card, a promotional balance transfer rate and the annual fee is refunded each year if you spend $6,000 on eligible purchases.

  • Enjoy 0% p.a. for the first 15 months on application for balance transfers (reverts to the variable cash advance rate).
  • $0 annual fee. Save $149 each year if you apply by 30 June 2017, are approved and reach a yearly spend $6,000 on eligible purchases.
  • Earn 1 Reward Point per $1 spent on eligible purchases.
  • Up to 55 days interest-free on purchases when you pay the full closing balance (including any balance transfer amount) by the statement due date.
  • Benefit from a wide range of premium services such as Complimentary Insurances and Visa Platinum Concierge Service.

    0% Balance Transfer Credit Cards Comparison

    Rates last updated January 24th, 2017
    % p.a.

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    Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
    HSBC Platinum Credit Card
    Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
    0% p.a. for 15 months 19.99% p.a. $149 p.a. Go to site More info
    ANZ Platinum Credit Card - Exclusive Offer
    Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
    0% p.a. for 12 months 0% p.a. for 3 months (reverts to 19.74% p.a.) $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
    Virgin Australia Velocity Flyer Card - Balance Transfer Offer
    Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
    0% p.a. for 18 months 20.74% p.a. $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
    American Express Essential Credit Card
    Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
    0% p.a. for 12 months with 1% balance transfer fee 14.99% p.a. $0 p.a. Go to site More info
    NAB Low Fee Card
    Enjoy a low annual fee card with a low introductory rate of 0% p.a. on balance transfers for 18 months.
    0% p.a. for 18 months with 3% balance transfer fee 19.74% p.a. $30 p.a. Go to site More info
    NAB Low Rate Platinum Card
    Offers a low introductory rate of 0% p.a. on balance transfers for 18 months plus enjoy premium benefits including international travel insurance.
    0% p.a. for 18 months with 3% balance transfer fee 13.99% p.a. $100 p.a. Go to site More info
    Virgin No Annual Fee Credit Card
    No annual fee for the life of the card with $100 cashback and a 0% p.a. offer on balance transfers for 18 months. Spend criteria applies for cashback offer.
    0% p.a. for 18 months with 2% balance transfer fee 18.99% p.a. $0 p.a. Go to site More info
    Citi Simplicity Card
    Take advantage of the 0% p.a. for 15 months offer on balance transfers, a low interest rate on purchases, an annual fee waiver for life, plus 5% cash back on retail purchases.
    0% p.a. for 15 months with 1.5% balance transfer fee 19.99% p.a. $0 p.a. Go to site More info
    Citi Rewards Credit Card - Platinum Card
    A long term balance transfer offer with platinum rewards and benefits.
    0% p.a. for 24 months with 1.5% balance transfer fee 20.99% p.a. $49 p.a. annual fee for the first year ($149 p.a. thereafter) Go to site More info
    St.George Vertigo Visa
    Introductory offer of 0% p.a. for 18 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
    0% p.a. for 18 months 0% p.a. for 6 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
    Bank of Melbourne Vertigo Visa Credit Card
    Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 18 months and 0% p.a. for up to 6 months on purchases.
    0% p.a. for 18 months 0% p.a. for 6 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
    ANZ First Visa Credit Card
    Enjoy 0% p.a. balance transfer rate for the first 16 months, a low annual fee, interest-free days on purchases and a low minimum credit limit.
    0% p.a. for 16 months with 2% balance transfer fee 19.74% p.a. $30 p.a. Go to site More info
    NAB Low Rate Credit Card
    The NAB Low Rate Card offers 0% p.a. on balance transfers for 18 months. This card also comes with a low annual fee.
    0% p.a. for 18 months with a one off 3% balance transfer fee 13.99% p.a. $59 p.a. Go to site More info

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

    Compare the balance transfer offers below and receive extra benefits.

    Credit CardBalance transfer rateFeature
    Citi Rewards Platinum0% p.a. for 24 monthsLong term balance transfer offer and earn 1.25 Citi Rewards Points per $1 spent on eligible purchases.
    St.George Vertigo Platinum0% p.a. for 18 monthsReceive 0% p.a. for 18 months on balance transfers and make everyday purchases with 0% low interest for 6 months.
    Bank of Melbourne Vertigo Platinum0% p.a. for 18 monthsEnjoy 0% p.a. for 18 months on balance transfers and 0% for 6 months on purchases.
    Virgin Australia Velocity Flyer Card - Balance Transfer Offer0% p.a. for 18 monthsGet 0% p.a. for 18 months on balance transfers and earn Velocity Points for every $1 spent.

    How to use a 0% balance transfer to manage post-Christmas debt


    This balance transfer guide explains

    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. Once the introductory offer has finished, the balance transfer interest rate will revert to a higher standard rate.balance transfer benefits and process

    How do 0 balance transfer credit cards work?

    When you apply for the credit card, you can request to move your high interest debt to a new credit card with a low balance transfer offer. Once your balance has moved to the card with a 0% balance transfer offer, it will no longer collect interest. This means you can pay down your balance without collecting more debt for a promotional period of up to 20 months depending on the card. Not only can you pay down your debt faster, but you could save hundreds or thousands or dollars on interest charges at the same time.

    Could you save money? - Normal credit card vs. 0 balance transfer cards example

    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 period$200$0

    Once the 0% balance transfer period offer finishes, a standard interest rate will apply. So if you're unable to pay off your debt before the introductory offer ends, your remaining debt will begin collecting the higher standard interest rate on balance transfers.
    compare balance transfer

    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 the best* 0 balance transfer card to consolidate your debt:

    • Length of the balance transfer introductory offer. The 0% interest period on a balance transfer card generally ranges from 3-20 months. The more debt you have, the longer you want the introductory period to be so that you have more time to pay it off.
    • How much you are allowed to transfer. Banks will generally allow you to transfer up to 95% of the approved credit limit. This means that if a credit card's maximum credit limit is $40,000 you will be able to balance transfer up to $38,000 to this card if approved for the maximum limit. 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 won't be able to balance transfer between some banks, such as St.George and Bank of Melbourne, since they belong to the same credit provider. Refer to our guide on which banks you can balance transfer to, so your balance transfer request is successful.
    • Balance transfer revert rate. At the end of the balance transfer promotion, the debt will revert to a higher interest rate (usually the cash advance rate). This means any balance that remains after this time will be charged interest, so the length of the 0% interest offer is incredibly important when comparing cards.
    • Rewards. 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 of debt. But if you want to earn rewards in the future, you may want to consider this feature when you apply for a 0% balance transfer to save you adding another card to your wallet later on.
    • Complimentary extras. Credit cards often come with perks such as complimentary international travel insurance, extended warranties and purchase protection insurance. These features can add value to a card but are usually not as important as features such as the balance transfer offer and ongoing fees.
    • The purchase rate. If you plan to make new purchases on the card once you’ve cleared your debt, check the purchase rate as it 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 is the catch (hidden costs) with 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 1-2% fee for your balance transfer, which is charged on the total balance transfer amount. You can check if the card you're applying for charges a balance transfer on our balance transfer credit card reviews.
    • The annual fee. As any credit card can offer a 0% balance transfer deal, the annual fees can range from $20 to $400 or more. There are also some credit cards that charge no annual fee for life, and others that reduce or waive the annual fee in the first year, so make sure you choose a card with an annual fee that suits your budget.
    • 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 until you clear the credit card balance. 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.
    • 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 to the higher interest debt, which are your purchases in this case. You can avoid this charge by not making purchases on the card until you have cleared the existing debt.
    • Late payment fee. Some credit card issuers, including American Express, CommBank and Westpac, may charge a fee of between $9-$30 for late payments.
      Other fees and charges may also apply in some circumstances depending on the credit card, so 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 your habits, lifestyle and current financial goals. Use the comparison table to weigh up your options side by side.
    3. Apply online.
      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, drivers 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 conditional approval within a few minutes and full approval in the following days (after submitting any supporting documentation).

    Your current stage in choosing a balance transfer offer

    Applying for a balance transfer can be a daunting task. We have collected the most popular questions from our users about applying and using a balance transfer and answered them. 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.

    Q&As - Applying for 0% balance transfers

    Q. What is a 0 balance transfer?

    A. '0 balance transfers' provide you with 0% interest on your credit card debt for a promotional period.

    Q. Is a balance transfer worth it?

    A. Balance transfer offers can provide you with a way to manage your existing debt and everyday expenses. If you have an existing credit card debt and want to pay less interest, then a balance transfer offer could be for you.

    Q. Is it bad to transfer a credit card balance?

    A. Balance transfers generally provide positive value to cardholders, allowing them to repay their existing debt with less interest. The pitfalls of using balance transfers include not planning your repayments and applying for balance transfers successively. Applying for multiple balance transfers can look bad on your credit file and give negative signals to banks.

    Q. Can you transfer a credit card balance to another person's credit card?

    A. No. Balance transfers between two separate cardholders are not permitted.

    Q: Can you transfer a balance between partners/ spouses?

    A. Yes, providing that both you and your spouse are in a joint account before requesting the balance transfer. Refer to our guide on joint balance transfers to consolidate your debt with a partner.

    Q. Do I have to pay anything during the balance transfer promotion?

    A. Yes. The least you will have to repay every month is the minimum monthly repayment amount. This is usually 1-2% of the entire balance.

    Q: How long does it take to receive the credit card and when is the balance transfer process complete?

    A. Once the application process is complete and you have been approved, the new credit card will be issued. This generally takes between 5-10 business days, but it could be as many as 21 days before you receive the card.
    After you get the card, you will need to activate it so that your new issuer can begin the balance transfer process, and it could be as long as 21 business days from then before the debt is moved from your old card to the new one.

    Q: Can I transfer a personal loan to a credit card?

    A. Yes, certain banks allow you to transfer a personal loan debt to a new credit card. Refer to our guide here for the eligible banks and credit cards you can transfer to.

    Q: Can I transfer an overseas credit card debt to an Australian credit card?

    A. No, unfortunately, this type of balance transfer is not permitted.

    Q: Can I request a balance transfer after submitting my application?

    A. Most balance transfer offers must be requested at the time of application. However, a number of banks allow a balance transfer to be requested after you have submitted your application.

    Q: How long does the 0% offer stay in place for?

    A. The length of the 0% interest period varies between cards. For example, if a card offers 0% interest for 12 months, you will have 0% on your balance for up to 12 months from when the card is activated. To get the full value from the 0% pay off as much as you can as soon as possible and do your best to repay the balance in full before the promotion ends.

    Q: Is there a balance transfer fee?

    A. A balance transfer fee a one-off charge from the bank for transferring your debt to the new credit card. This fee is usually 1-3% of your entire debt amount and is charged on the first bill. Check with individual cards to see if this fee applies.

    Q: Do I have to transfer the whole balance from my current card to a 0% balance transfer card?

    No, you can choose to transfer a portion of the balance. Just select the amount you want to transfer during the application process (and make sure you have a payment plan in place). Keep in mind that this will mean that you have two separate debts and sets of maintenance fees to manage.

    Q&As - Using 0% balance transfers

    Q: Can I make purchases whilst repaying my credit card balance?

    A. No interest-free days will be provided whilst you have an outstanding balance. As a result any purchases you make will accumulate interest at the purchase interest rate whilst using a balance transfer offer. If you would like to make purchases with no interest whilst repaying your existing credit card debt, compare 0% balance transfers and 0% purchase credit cards.

    Q: What happens to my old credit card?

    A. Your old credit card will remain active until you cancel it. If you want to cancel your old credit card, wait until the balance transfer process is complete and submit a request to your old bank.

    Q: Which transactions do my repayments go to first? Purchases, cash advances or my balance transfer debt?

    A. Credit card repayments go to the highest rate of interest first. When you are using a low interest/ 0% balance transfer promotion, all repayments will go to purchases and cash advances first before your balance transfer debt. As a result, it is ideal not to make purchases or cash advances when using a balance transfer.

    Q: Can I transfer my balance again to a different bank?

    A. If your balance transfer promotion has ended and you still have an outstanding balance, you can apply for another balance transfer. You may like to consider a long term balance transfer for more time to repay your balance.

    Q: Do I have to make repayments?

    A. You still have to pay the minimum repayment for the card by the due date on each statement. This is usually 2-2.5% of the outstanding debt on the card. As mentioned, paying only the minimum repayment is unlikely to clear your debt before the end of the promotional period. If you want to avoid paying the revert interest rate on your debt, calculate how much you’d need to pay each month to repay the entire debt by the end of the offer and stick to that budget.

    Mistakes to avoid when using 0% balance transfer credit cards

    In some cases, 0% balance transfer cards can end up being as expensive as any other option, so keeping the following pitfalls in mind will help you get the most out of a 0% balance transfer card.

    • Only making minimum repayments. The minimum payment listed on your credit card statement is usually 2-2.5% of your total balance. If you only pay this each month, you will still have a huge amount of debt left over when the 0% interest period ends (and it could take years or even decades to pay off the rest).
    • Not paying off the full balance before the introductory period ends. A higher standard balance transfer rate will be applied to any balance left over once the 0% interest period ends, leading to extra charges and increasing the time it will take for you to pay off the debt.
    • Using your card for new purchases. Any new purchases on a balance transfer card will be charged interest from the day they are made. Usually the purchase rate is much higher and any repayments made will go towards paying this debt off before the balance that you transferred. Instead, consider a 0% purchase credit card for emergencies.
    • Not checking credit limit requirements. Depending on the credit card issuer, your balance transfer can only make up between 70% and 95% of your credit limit on the new card. Make sure you consider this before applying for your card, and try to choose one that has the most reasonable requirements and credit limit options for your circumstances. Learn more about this here.
    • Not making payments during the balance transfer process. You will still need to make any payments that are due on the old card before the balance is transferred to a new card, otherwise you could be charged late payment or dishonour fees.
    • Applying for balance transfers too frequently. If you are unsure how long it will take to repay your credit card debt then a longer balance transfer may be more beneficial. Credit card applications are added to your credit file record and only reset every five years. Applying for credit cards more than twice a year may hinder your chances of being approved next time.

    Before applying for a balance transfer, make sure to read the eligibility requirements and consider some of these mistakes to improve your chances of approval.

    Compare other types of balance transfers

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    83 Responses to 0% Balance Transfer Credit Card Offers

      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???

      Default Gravatar
      michael | July 3, 2016

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

        Anndy | July 3, 2016

        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.


      Default Gravatar
      Jan | June 29, 2016

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

        May | July 1, 2016

        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.


      Default Gravatar
      | May 12, 2016

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

        May | May 12, 2016

        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.


      Default Gravatar
      Denis | April 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

        Sharon | May 1, 2016

        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.


      Default Gravatar
      Jude | April 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.

        Sharon | April 8, 2016

        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.


      Default Gravatar
      yvonne | March 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

        Sharon | March 9, 2016

        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.



      Default Gravatar
      Jody | July 23, 2015

      Can the transfer amount from a personal loan be used to take advantage of the 0% balance transfer offers? As in, can I pay off a car loan where I am currently paying around 8% interest with a 0% BT offer on a new credit card with one of the offering companies?
      Thank you.

        Jonathan | July 24, 2015

        Hi Jody, thanks for your inquiry!

        For balance transferring a personal loan to credit card please see this page.



      Default Gravatar
      Rob | July 15, 2015

      Two questions:

      If I transfer say $5000 to a 0% card does this mean that I pay nothing until the end of the interest free period, or must I still pay a proportion of the transferred balance each month?

      Do I have to transfer the whole balance to the new card, or can I retain my existing card as well with a small or zero balance outstanding?


        Jonathan | July 16, 2015

        Hi Rob,

        During a 0% balance transfer promotion you still have to pay the minimum repayment for the card which is usually 2-2.5% of the full outstanding debt on the card. With a $5000 balance transfer amount this would require a minimum repayment of $100 per statement. How much you can transfer to the new credit card depends on the specific bank and your approved credit limit for the percentage of how much you can transfer your balance, with more information available on
        Once you have fully paid your balances, you can continue on using the card.

        I hope this answers your question.
        You may want to check a comparison of credit cards with long term balance transfer offer on this page.



      Default Gravatar
      Anne | June 14, 2015

      I have 2 balance transfer cards totalling the amount of $7000.00 and want to transfer the total to 1 card, 0 % for 24 months.


        Jonathan | June 15, 2015

        Hi Anne, thanks for your inquiry!

        Please refer to the following link for a list of balance transfer credit cards (including 0% for 24 month offers).



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