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.

Sponsorship - NAB Premium Card - Long Term BT - PE-40917

Long-Term Balance Transfer Credit Card Offer

The NAB Premium Card features a balance transfer promotion with a range of platinum benefits.

  • 0% p.a. on balance transfers for 24 months on a new NAB Premium Card. BT reverts to cash advance rate after promotional period.
  • A one off 3% BT fee applies.
  • Receive a range of complimentary insurance covers including overseas travel insurance and 24/7 NAB Platinum Concierge Service.
  • Request an additional cardholder at no extra cost.

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

    Rates last updated April 30th, 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
    Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
    0% p.a. for 18 months with 1.5% balance transfer fee 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
    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
    St.George Vertigo Visa
    Introductory offer of 0% p.a. for 12 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
    0% p.a. for 12 months 0% p.a. for 6 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
    HSBC Low Rate Credit Card
    This card comes with a balance transfer offer, a low interest rate and up to 55 days interest-free on purchases.
    0% p.a. for 15 months with 2% balance transfer fee 13.25% p.a. $55 p.a. Go to site More info
    NAB Low Rate Credit Card
    A low rate card which offers 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
    0% p.a. for 18 months with 3% balance transfer fee 13.99% p.a. $59 p.a. Go to site More info
    Citi Rewards Platinum Credit Card
    A long-term balance transfer offer with the Citi Rewards Platinum Card. Earn extra points on eligible international spend, plus complimentary travel insurance.
    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
    NAB Premium Card
    Benefit from premium credit card advantages including travel insurance, Platinum Concierge Service plus 0% p.a. for 24 months on balance transfers.
    0% p.a. for 24 months with 3% balance transfer fee 19.74% p.a. $90 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
    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
    St.George Vertigo Platinum
    A platinum card with a balance transfer offer of 0% p.a. for 12 months and an introductory purchase offer of 0% p.a. for 6 months.
    0% p.a. for 12 months 0% p.a. for 6 months (reverts to 12.74% p.a.) $99 p.a. Go to site More info
    ANZ Low Rate Platinum
    Enjoy platinum benefits with exclusive discounts, complimentary travel insurance and personal concierge. Also repay your credit card debt interest-free with 0% p.a. for 16 months on balance transfers.
    0% p.a. for 16 months with 2% balance transfer fee 11.49% p.a. $99 p.a. Go to site More info
    Woolworths Everyday Platinum Credit Card
    Receive a $100 eGift Card when you apply by 30 June 2017 and make an eligible purchase by 31 July 2017. Also, enjoy a long-term balance transfer offer and an annual fee waiver for the first year.
    0% p.a. for 14 months 19.99% p.a. $0 p.a. annual fee for the first year ($49 p.a. thereafter) Go to site More info
    Rates last updated April 30th, 2017
    $
    % p.a.

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    Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
    NAB Premium Card
    Benefit from premium credit card advantages including travel insurance, Platinum Concierge Service plus 0% p.a. for 24 months on balance transfers.
    0% p.a. for 24 months with 3% balance transfer fee 19.74% p.a. $90 p.a. Go to site More info
    Citi Rewards Platinum Credit 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
    St.George Vertigo Platinum - Online Only Balance Transfer Offer
    Enjoy a long-term balance transfer offer of 3% p.a. for 36 months when you apply online, plus complimentary insurance covers and a personal concierge service.
    3% p.a. for 36 months 12.74% p.a. $99 p.a. Go to site More info
    Westpac Low Rate Card - Online Only Balance Transfer Offer
    An online exclusive credit card offer which comes with a long-term introductory rate on balance transfers and a low ongoing interest rate on purchases
    0% p.a. for 24 months with 2% balance transfer fee 13.49% p.a. $59 p.a. Go to site More info
    NAB Low Rate Credit Card
    A low rate card which offers 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
    0% p.a. for 18 months with 3% balance transfer fee 13.99% p.a. $59 p.a. Go to site More info
    Virgin Australia Velocity Flyer Card - Balance Transfer Offer
    Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
    0% p.a. for 18 months with 1.5% balance transfer fee 20.74% p.a. $64 p.a. annual fee for the first year ($129 p.a. thereafter) 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
    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
    ANZ Low Rate Platinum
    Enjoy platinum benefits with exclusive discounts, complimentary travel insurance and personal concierge. Also repay your credit card debt interest-free with 0% p.a. for 16 months on balance transfers.
    0% p.a. for 16 months with 2% balance transfer fee 11.49% p.a. $99 p.a. Go to site More info
    HSBC Low Rate Credit Card
    This card comes with a balance transfer offer, a low interest rate and up to 55 days interest-free on purchases.
    0% p.a. for 15 months with 2% balance transfer fee 13.25% p.a. $55 p.a. Go to site More info
    St.George Vertigo Visa
    Introductory offer of 0% p.a. for 12 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
    0% p.a. for 12 months 0% p.a. for 6 months (reverts to 13.24% p.a.) $55 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 Low Rate
    Take advantage of 0% p.a. for 16 months on balance transfers and a low ongoing interest rate on purchases.
    0% p.a. for 16 months with 2% balance transfer fee 12.49% p.a. $58 p.a. 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
    St.George Vertigo Platinum
    A platinum card with a balance transfer offer of 0% p.a. for 12 months and an introductory purchase offer of 0% p.a. for 6 months.
    0% p.a. for 12 months 0% p.a. for 6 months (reverts to 12.74% p.a.) $99 p.a. Go to site More info
    American Express Explorer Credit Card
    Receive 100,000 Membership Rewards Bonus Points on eligible spend within the first 3 months of card membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
    0% p.a. for 12 months with 1% balance transfer fee 20.74% p.a. $395 p.a. Go to site More info
    Woolworths Everyday Platinum Credit Card
    Receive a $100 eGift Card when you apply by 30 June 2017 and make an eligible purchase by 31 July 2017. Also, enjoy a long-term balance transfer offer and an annual fee waiver for the first year.
    0% p.a. for 14 months 19.99% p.a. $0 p.a. annual fee for the first year ($49 p.a. thereafter) Go to site More info
    Rates last updated April 30th, 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 each 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 50,000 bonus Qantas Points when you spend $2,000 or more on eligible purchases in the first 90 days. Plus, enjoy an introductory interest rate on balance transfers 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
    Citi Rewards Signature Credit Card
    Receive 75,000 bonus Reward Points on eligible spend, plus a range of complimentary insurances and 1.5 Reward Points per $1 spent on eligible domestic and international spend.
    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
    Citi Prestige Card
    Receive 70,000 bonus points on your first spend and a low interest rate on balance transfers.
    0% p.a. for 6 months 20.99% p.a. $700 p.a. Go to site More info
    Virgin Money Low Rate Credit Card
    Enjoy a low ongoing purchase rate with an introductory rate on balance transfers and a competitive annual fee.
    0% p.a. for 12 months 11.99% p.a. $99 p.a. 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

    Back to top

    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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    ANZ Platinum Credit Card - Exclusive Offer
    ANZ Platinum Credit Card - Exclusive Offer

    Interest rate

    19.74

    Annual fee

    87
    St.George Vertigo Platinum
    St.George Vertigo Platinum

    Interest rate

    12.74

    Annual fee

    99
    NAB Low Rate Credit Card
    NAB Low Rate Credit Card

    Interest rate

    13.99

    Annual fee

    59

    Ask a Question

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    102 Responses to Credit Card Balance Transfer Calculator

    1. Default Gravatar
      fred | March 29, 2017

      do any of the balance transfer cards allow for the transfer of personal loan balance in addition to the existing credit card balance?

    2. Staff
      May | March 7, 2017

      Hi Neville,

      Thanks for your question.

      As finder.com.au is a comparative financial service, we’re unable to suggest or recommend one specific credit card to our users as the best option depends ultimately on your own financial situation.

      Nonetheless, on this page, you would find a table that lists down the credit card issuers that accept pensioner applicants. When you click on the name of the bank, you would find the cards they offer. Make sure to review the criteria and eligibility of the card or contact the bank first before you apply.

      Cheers,
      May

    3. Default Gravatar
      neville | March 7, 2017

      what is the best card for me. I am a disability pensioner but i have a very good credit score of almost 900.

    4. Default Gravatar
      steven | February 12, 2017

      Can I transfer an amount from one credit card to another and let it sit there for a period of time say 12 months without paying any interest so long as I don’t spend anything on card transfer

      • Staff
        Anndy | February 12, 2017

        Hi Steven,

        Thanks for your question.

        Generally, balance transfer cards give you flexibility when it comes to making repayments, within the promo period of 12 months or even more. During the promo period, you won’t incur interest on the balance that you moved so long that you pay the required minimum monthly repayment. If you use your card for purchases, it will separately attract purchase interest.

        For more information on how balance transfer works, you can check our guide on this page.

        Cheers,
        Anndy

    5. 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

    6. 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

    7. 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

    8. 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

    9. 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

    10. 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

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