Credit Card Balance Transfer Calculator

Calculate how much you can save today and transfer your debt with 0% interest by switching to a balance transfer credit card

Choosing a credit card can often be difficult if you don't know the right considerations. To help simplify the process we've made our comparison table as intuitive as possible, just fill in your existing credit card debt and interest rate to make a better decision around which balance transfer card to choose.

Use our Balance Transfer Calculator to see how much you can save

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
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Offers 0% p.a. interest rate on balance transfers for 18 months to help you manage your existing credit card balance with a reduced annual fee in the first year.
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
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
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 Premium Card - Balance Transfer Offer
Enjoy a balance transfer offer of 0% p.a. for 24 months with a 3% transfer fee.
0% p.a. for 24 months with 3% balance transfer fee 19.74% p.a. $90 p.a. More info
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
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
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
Virgin No Annual Fee Credit Card
Enjoy a long term balance transfer plus a $100 cashback offer (spend criteria applies) and never pay an annual fee for this card.
0% p.a. for 18 months with 2% balance transfer fee 18.99% p.a. $0 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
Rates last updated January 24th, 2017
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
NAB Premium Card - Balance Transfer Offer
Enjoy a balance transfer offer of 0% p.a. for 24 months with a 3% transfer fee.
0% p.a. for 24 months with 3% balance transfer fee 19.74% p.a. $90 p.a. More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Offers 0% p.a. interest rate on balance transfers for 18 months to help you manage your existing credit card balance. Earn 2 bonus Velocity Points in the first 3 months.
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
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
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
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
Bank of Melbourne Vertigo Visa Credit Card
A low rate card from Bank of Melbourne with a long term balance transfer offer of 0% p.a. for 18 months and a low introductory rate 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
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
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
Virgin No Annual Fee Credit Card
No annual fee credit card with $100 cashback and a long term balance transfer offer of 0% p.a. for 18 months with 2% balance transfer fee.
0% p.a. for 18 months with 2% balance transfer fee 18.99% p.a. $0 p.a. Go to site More info
Westpac Low Rate Card - Balance Transfer Offer
A simple low interest rate card featuring a low ongoing rate on purchases and 0% p.a. for 24 months on balance transfers.
0% p.a. for 24 months with 2% balance transfer fee 13.49% p.a. $59 p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
Take advantage of the introductory long term balance transfer offer and reduced annual fee in the first year.
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
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 - Classic Card
This card comes with a discounted annual fee in the first year with 5% cash back on retail purchases and a long term balance transfer offer of 0% p.a. for 15 months with 1.5% balance transfer fee.
0% p.a. for 15 months with 1.5% balance transfer fee 20.99% p.a. $49 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info
Bankwest Breeze MasterCard
Enjoy an introductory rate of 0% p.a. on balance transfers for 21 months (2% balance transfer fee applies). Limited time only.
0% p.a. for 21 months with 2% balance transfer fee 12.99% p.a. $59 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
Rates last updated January 24th, 2017
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive 0% p.a. for 12 months on purchases, 0% p.a. for 6 months on balance transfers and an exclusive $129 Virgin Australia Gift Voucher every year.
0% p.a. for 6 months 0% p.a. for 12 months (reverts to 20.74% p.a.) $129 p.a. Go to site More info
Citi Qantas Signature Credit Card
Earn up to 50,000 bonus Qantas Points when you spend $2,000 or more on eligible purchases in the first 90 days. Plus, enjoy introductory interest rates on balance transfers and purchases with a discounted annual fee of $199 in the first year.
0% p.a. for 6 months 20.99% p.a. $199 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info

How to use the Balance Transfer Calculator in 4 easy steps and learn how much you can save today

Step 1. Enter the total debt/outstanding amount you would like to transfer.
Step 2. Provide the interest rate that you are paying on your existing debt (if you don't have your interest rate on you, the average is around 18-20%).
Step 3. See the 'Interest Saved' column to find out which credit cards will save you the most money. Click on the 'Interest Saved' title to sort the cards in ascending or descending order of money saved.
Step 4. Compare the credit cards available in the table provided to find the card that suits your needs. If you still want to find out more about a particular credit card, click the ‘More info’ link for a full review on the features and benefits.

BT calculator steps

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Which balance transfer credit card do I choose?

To choose the right balance transfer credit card you need to consider the amount of time you will need to repay your existing credit card debt. Balance transfer promotions can provide you 0% interest for up to 20 months. You can also consider other benefits and features by referring to our full guide on balance transfers.

How much money will I save by doing a balance transfer?

The difference between the interest you would have paid on your current credit card account and the interest you will be paying on your new balance transfer credit card (taking in to account the annual fee) is the amount of money you will save by doing the balance transfer.

Tips on avoiding a mistake when doing a balance transfer

Don’t spend on your new balance transfer credit card

When you go to spend on your new balance transfer credit card the interest free days feature on the credit card won't be active. You need to have your balance completely paid off from the prior statement period in order to ensure you have this feature.
Watch our video of finder.com.au founder Fred Schebesta explaining how interest free days work

Pay attention to balance transfer revert rates

At the end of the balance transfer period the interest rate that you will be charged is either the standard interest rate or the cash advance interest rate. Click the "More" button next to each card in the comparison table to visit the review page where we list the "Balance Transfer Revert Rate".
Read our guide: what does my balance transfer revert to?

You can only do a balance transfer to a different bank to your current bank

If you are wanting to transfer a credit card balance, you must apply for a credit card from a different bank. It's also important to note that some credit card issuers are funded by the same bank so this may cause problems for you - lucky we've written a guide on this to help you out.
Read our guide: which banks can I do a balance transfer to / from?

We hope you found this guide useful in helping you calculate your balance transfer savings and choosing a credit card to transfer your balance to. If you have any questions please use the "ask a question" box below and we'll get back to you with a quick response to get you back on your way to saving money!

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American Express Essential Credit Card
American Express Essential Credit Card

Interest rate

14.99

Annual fee

0
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149

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96 Responses to Credit Card Balance Transfer Calculator

    Default Gravatar
    Amy | October 12, 2016

    I am looking to balance transfer to a new card. Just wanting to check about rewards programs. For cards like Virgin that offer points and rewards programs – would you receive any points for your balance transfer amount or only new purchases made on the new Virgin card?

    Many thanks

      Staff
      May | October 13, 2016

      Hi Amy,

      Thanks for your question.

      Generally, for most credit cards, balance transfer transactions do not earn rewards points, only for eligible purchases. If you’re referring to Virgin Australia Velocity Flyer Card, balance transfer for this card does not let you earn points, however, you’ll earn 1 reward point per $1 on any purchase with Virgin Australia, with the standard earn rate of 0.66 Velocity Points per dollar spent up to $1,500 per month and then 0.5 Points per dollar thereafter.

      You can also check this page for other rewards credit card that you can compare.

      Hope this is helpful.

      Cheers,
      May

    Default Gravatar
    LisaC | June 18, 2016

    Hi, just wondering if a balance transfer will affect my credit rating?

      Staff
      Anndy | June 19, 2016

      Hi LisaC,

      Thanks for your comment.

      There are several ways on how a balance transfer can negatively affect your credit rating.

      1. If you apply for a balance transfer credit card and are rejected, or you have applied for several balance transfer credit cards at the same time or within a short period of time.

      2. If you are approved for a balance transfer but are unable to meet the regular minimum repayments and can’t repay your balance by the end of the promotional period.

      3. If you fail to close your old account after you’ve transferred your balance to a new card, unless you’re making regular repayments on both accounts.

      4. If you’re unable to repay your debt by the end of the promotional period and have to move the remaining amount to another balance transfer credit card.

      For tips on how you can have a balance transfer while avoiding having a negative impact on your credit rating, please refer to this page.

      I hope this helps.

      Cheers,
      Anndy

    Default Gravatar
    EmilySpender | June 7, 2016

    Hi, I just have two (possibly silly) questions.
    Firstly, I have 2 credit cards from two different providers totally $8k. Is it possible to transfer this onto the one card as a balance transfer?
    Secondly, if the amount is say $8k, generally you must apply for a card with a larger credit amount, correct? Such as say $10k?

    Thank you in advance,
    Emily

      Staff
      Anndy | June 7, 2016

      Hi Emily,

      Thanks for your comment.

      Yes, you should be able to transfer multiple balances over one account, as long as the balance transfer amount doesn’t exceed the total approved credit limit and the new credit card is from a different issuer or bank.

      Credit cards have a set limit when it comes to the amount that you can transfer, some 95%, 90% or 80% of your approved credit limit. In saying this, your approved credit limit should be higher than the amount you intend to move.

      I hope these answer your questions.

      Cheers,
      Anndy

    Default Gravatar
    JM | May 17, 2016

    Can you balance transfer from St George to Bank of Melbourne?

      Staff
      May | May 17, 2016

      Hi JM,

      Thanks for your question.

      Unfortunately, balance transfers are not allowed between St.George, Bank of Melbourne and BankSA. Please feel free to check our article on which banks you’re able to transfer your balance to and from here.

      I hope this is helpful.

      Cheers,
      May

    Default Gravatar
    Sjgudgeon | May 13, 2016

    Looking for a card with joint application and 0% term more than 12 months when transferring balance.

      Staff
      Anndy | May 13, 2016

      Hi Sjgudgeon,

      Thanks for your comment.

      You can refer to this page to start comparing joint account credit cards with 0% balance transfer rate.

      I hope this helps.

      Cheers,
      Anndy

    Default Gravatar
    Triske | April 17, 2016

    Last year I purchased an Apple product using their credit loan. Can I transfer that balance to 0% please credit card from one of the listed issuers?

      Staff
      May | April 17, 2016

      Hi Triske,

      Thanks for your question.

      You can conduct a balance transfer if you’re moving a credit card debt to a different issuer, ideally with better terms, e.g. lower interest rates. Most credit card companies will accept a balance transfer from a credit card, store card or charge card. If you used a store card when you purchased the Apple product, then it would be possible to do a balance transfer from your store card to one of the credit cards listed above provided you meet the eligibility requirements of the credit card issuer. However, if you want to transfer your debt which is directly from the store itself, I’m afraid that the balance transfer with a credit card will not be allowed.

      Cheers,
      May

    Default Gravatar
    ellen | April 4, 2016

    Is there a limit to the amount of balance you can transfer.mine is about 15000

      Staff
      Sharon | April 4, 2016

      Hi Ellen,

      Thanks for your inquiry.

      Depending on the card issuer, the limit could be 70% to 100% of the credit limit. This information is usually available in the product disclosure statement relevant to your card. So if the card had a $10,000 maximum credit limit and you could only balance transfer up to 80%, you’d only be able to transfer a maximum of $8,000. Please note that you may not be approved for the maximum credit limit, so this is also something you’ll need to take into consideration when comparing cards.

      I hope this helps.

      Sharon

    Default Gravatar
    Iain | March 19, 2016

    If you transfer the balance of your credit cards what happen to the existing credit cards? Thanks

      Staff
      Sharon | March 20, 2016

      Hi Iain.

      Once your new card is set up, contact your old bank and make sure the old card is completely closed. If you fail to do so, you’ll be stuck with annual fees on that card.

      For more information, use our tips for paying off your credit card tips faster.

      Cheers,

      Sharon

    Default Gravatar
    Ian | March 16, 2016

    If I had a credit card and my balance owing is let say $6794.26.

    Now I am wanting to find another lender who will transfer 100% of my total.

    Does this exist and how long interest free?

      Staff
      Debbie | March 17, 2016

      Hi Ian,

      Thanks for your inquiry.

      Please note that you’ve come through finder.com.au, an online comparison service and we are not in the position to recommend any specific products or services.

      Unfortunately, we can’t provide a list of products with 100% credit limit as this will depend on the limit you are approved for and your ability to repay. For more information, you can check our guide for balance transfer limits.

      I hope this helps.

      Cheers,
      Debbie

    Default Gravatar
    Stuart | March 15, 2016

    I’m looking to transfer my currant balance of 9K to a 24 months interest free card

      Staff
      Ally | March 15, 2016

      Hi Stuart,

      Thanks for reaching out.

      You might want to check our Balance Transfer Credit Cards page for long term balance transfer options.

      I hope this has helped.

      Cheers,
      Ally

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