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.

Kogan Money Black Card - Exclusive Offer

Kogan Money Black Card - Exclusive Offer logo image

0% p.a. for 30 months on
balance transfers
$50 Kogan.com Credit

Offer ends 31 December 2021

Eligibility criteria, terms and conditions, fees and charges apply.

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$
% p.a.
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
Kogan Money Black Card - Exclusive Offer
0% p.a. for 30 months
20.99% p.a.
$0
Save with a $0 annual fee and a 0% introductory rate on balance transfers. Plus, earn $50 Kogan.com Credit and uncapped rewards points.
Citi Clear Card - Balance Transfer Offer
0% p.a. for 36 months
14.99% p.a.
$99
Offers 0% p.a. on balance transfers for 36 months with no balance transfer fee. Plus, complimentary insurance covers.
St.George Vertigo Card
0% p.a. for 32 months
0% p.a. for 6 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. 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.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 28 months
20.74% p.a.
$0 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. on balance transfers for 28 months (with no BT fee). Plus, $0 annual fee in the first year.
NAB Low Rate Credit Card
0% p.a. for 32 months
12.99% p.a.
$0 annual fee for the first year ($59 p.a. 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.
Bankwest Zero Platinum Mastercard
0% p.a. for 34 months with 2% balance transfer fee
14.99% p.a.
$0
Get 0% p.a. on balance transfers for 34 months (with a 2% BT fee), ​an ongoing $0 annual fee and 0% foreign transaction fees.
ANZ Low Rate
0% p.a. for 30 months
12.49% p.a.
$0 annual fee for the first year ($58 p.a. 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.
Bankwest Breeze Classic Mastercard
0% p.a. for 15 months
0% p.a. for 15 months, reverts to 9.9% p.a.
$0 annual fee for the first year ($49 p.a. 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.
Citi Rewards Card - Purchase and Balance Transfer Offer
0% p.a. for 14 months
0% p.a. for 14 months, reverts to 21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Save with 0% on purchases and balance transfers for 14 months with no balance transfer fee. Plus, $49 first-year annual fee.
HSBC Platinum Credit Card
0% p.a. for 36 months
19.99% p.a.
$29 annual fee for the first year ($129 p.a. 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.
Westpac Low Rate Card
0% p.a. for 28 months with 1% balance transfer fee
13.74% p.a.
$0 annual fee for the first year ($59 p.a. thereafter)
Save with a $0 annual fee for the first year, plus, a 0% interest rate on balance transfers for 28 months.
Great Southern Bank Low Rate Credit Card
0% p.a. for 33 months
11.99% p.a.
$0 annual fee for the first year ($49 p.a. thereafter)
Save with a 0% p.a. balance transfer rate for 33 months, $0 first-year annual fee, and a low variable 11.99% p.a. purchase interest rate.
Citi Premier Card - Cashback Offer
0% p.a. for 6 months
21.49% p.a.
$150 annual fee for the first year ($300 p.a. thereafter)
Receive $600 cashback when you spend $4,000 through Apple Pay or Samsung Pay in the first 90 days. Plus, save with a $150 first-year annual fee discount.
Citi Clear Card - Cashback Offer
0% p.a. for 15 months
14.99% p.a.
$49 annual fee for the first year ($99 p.a. thereafter)
Get $250 cashback when you spend $3,000 in the first 90 days. Plus, free wine when you dine and purchase insurance cover.
Bendigo Bank Low Rate Credit Card
13.99% p.a.
0% p.a. for 18 months, reverts to 11.99% p.a.
$45
Save on interest costs with 0% p.a. on purchases for up to 18 months (reverts to 11.99% p.a.). Plus, a $45 annual fee.
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Compare 0% balance transfer credit cards

You can use a 0% balance transfer credit card to move debt from a credit card you already have to a new one that charges no interest for an introductory period. This means you could save more and pay off your credit card debt faster. With the table above, you can use the calculator to see how much you could save on interest with each offer.

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 can last from 6 to 36 months. With no interest payments, you can pay off your debt faster and save money.

But 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.

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 one balance transfer card. That way you'll pay no interest on the combined debt and will only need to manage one credit card (and pay one annual fee).

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

How much you save 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.

As a basic example, let's say we have 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 above to see how much you could save based on your debt and the interest rate you're currently paying.
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 five 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 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 amount before you're charged interest. 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 high credit limit of $20,000 and a maximum balance transfer of 80% of the limit, you could transfer up to $16,000. 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 brands 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. 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 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.

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.

So 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.

Some 0% balance transfer credit cards charge a $0 annual fee and others can range between $29 to $400 or more. Make sure that the annual fee won't cancel out your interest savings before you apply.

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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