Credit Card Balance Transfer Calculator

Discover how much you could save on interest with a 0% balance transfer credit card.

If you're struggling to repay a credit card debt that's collecting a high-interest rate, a 0% balance transfer credit card can help you clear your debt faster while minimising your interest costs. This is why you should compare your options and consider how much you could save on interest before applying. You can use the calculator built into the comparison table below to see how much interest you can save across a variety of balance transfer deals based on the size of your debt and how much interest you're currently paying.

St.George Vertigo Platinum - Online Offer

0% p.a. for 24 months on balance transfers with no BT fee
$0 annual fee for the first year

Offer ends 13 December 2017

Eligibility criteria, terms and conditions, fees and charges apply

St.George Credit Card Online Offer

A platinum card that features a no BT fee balance transfer offer, first year annual fee waiver and a low variable interest rate on purchases.

  • $0 p.a. annual fee for the first year ($99 p.a. thereafter).
  • 12.74% p.a. on purchases
  • Cash advance rate of 21.49% p.a.
  • Up to 55 days interest free
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Use our balance transfer calculator to see how much you can save

Rates last updated November 24th, 2017
$
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
St.George Vertigo Platinum - Online Offer
0% p.a. for 24 months
12.74% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits plus 0% p.a. for 24 months on balance transfers (with no BT fee) and $0 annual fee in the first year. Ends 13 December 2017.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 18 months
20.74% p.a.
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
NAB Premium Card
0% p.a. for 20 months with 2% balance transfer fee
19.74% p.a.
$90 p.a.
Benefit from premium perks including travel insurance, Platinum Concierge Service plus 0% p.a. for 20 months on balance transfers.
Citi Platinum Credit Card - 100k Bonus Points
0% p.a. for 15 months with 1% balance transfer fee
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, take advantage of a long-term balance transfer offer and receive complimentary travel insurance.
ANZ Platinum Credit Card - Exclusive Offer
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)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer fee.
HSBC Platinum Credit Card
0% p.a. for 22 months with 2% balance transfer fee
19.99% p.a.
$129 p.a.
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
Bankwest Breeze Classic Mastercard
0% p.a. for 13 months with 2% balance transfer fee
0% p.a. for 13 months (reverts to 12.99% p.a.)
$79 p.a.
Receive 0% interest offers on purchases & balance transfers, up to 55 days interest-free on purchases and free emergency card replacement.
St.George Vertigo Visa - Online Offer
0% p.a. for 18 months
13.24% p.a.
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Take advantage of 0% p.a. for 18 months on balance transfers (with no BT fee). Plus, $0 annual fee in the first year. Ends 13 December 2017.
Westpac Low Rate Card - Online Only Balance Transfer Offer
0% p.a. for 24 months with 2% balance transfer fee
13.49% p.a.
$59 p.a.
Take advantage of 0% p.a. for 24 months on balance transfers with a 2% balance transfer fee when you apply online by 31 January 2018.
NAB Low Fee Card
0% p.a. for 16 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Receive complimentary purchase protection insurance, special offers from Visa Entertainment and up to 44 days interest-free on purchases.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Receive a discounted annual fee, $100 cashback when you meet the spend requirement and up to 44 days interest-free on purchases.
NAB Low Rate Platinum Card
4.99% p.a. for 6 months
0% p.a. for 9 months (reverts to 13.99% p.a.)
$100 p.a.
A platinum card that offers 0% p.a. for 9 months on purchases. Plus 4.99% p.a. on balance transfers for 6 months.
Citi Rewards Platinum Credit Card
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)
Offers a long-term balance transfer. Earn extra points on eligible international spend, plus complimentary travel insurance.
Woolworths Everyday Platinum Credit Card
0% p.a. for 14 months
19.99% p.a.
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Bankwest Breeze Platinum Mastercard
0% p.a. for 13 months with 2% balance transfer fee
0% p.a. for 13 months (reverts to 12.99% p.a.)
$99 p.a.
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.
American Express Essential Credit Card
0% p.a. for 12 months with 3% balance transfer fee
14.99% p.a.
$0 p.a.
Get Smartphone Screen Insurance of up to $500 when you pay for your phone or contract with your Essential Credit Card.
American Express Explorer Credit Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$395 p.a.
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.
Qantas Premier Platinum
0% p.a. for 15 months
19.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly further with 75,000 bonus Qantas points, up to 2 Qantas Points per $1 spent and 2 yearly complimentary Qantas Club lounge invitations.
Australian Military Bank Low Rate Visa Credit Card
0% p.a. for 12 months
10.99% p.a.
$49 p.a.
Enjoy up to 55 interest-free days on purchases, add an additional cardholder for $0 and enjoy the convenience of Visa payWave.

Compare up to 4 providers

Rates last updated November 24th, 2017
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
St.George Vertigo Platinum - Online Offer
0% p.a. for 24 months
12.74% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits plus 0% p.a. for 24 months on balance transfers (with no BT fee) and $0 annual fee in the first year. Ends 13 December 2017.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.
Citi Rewards Platinum Credit Card
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)
Receive a long-term BT offer, earn Citi Reward Points and receive complimentary travel insurance.
HSBC Platinum Credit Card
0% p.a. for 22 months with 2% balance transfer fee
19.99% p.a.
$129 p.a.
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
Westpac Low Rate Card - Online Only Balance Transfer Offer
0% p.a. for 24 months with 2% balance transfer fee
13.49% p.a.
$59 p.a.
Take advantage of 0% p.a. for 24 months on balance transfers with a 2% balance transfer fee when you apply online by 31 January 2018.
Bankwest Breeze Classic Mastercard
0% p.a. for 13 months with 2% balance transfer fee
0% p.a. for 13 months (reverts to 12.99% p.a.)
$79 p.a.
Receive 0% interest offers on purchases & balance transfers, up to 55 days interest-free on purchases and free emergency card replacement.
Woolworths Everyday Platinum Credit Card
0% p.a. for 14 months
19.99% p.a.
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
St.George Vertigo Visa - Online Offer
0% p.a. for 18 months
13.24% p.a.
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Take advantage of 0% p.a. for 18 months on balance transfers (with no BT fee). Plus, $0 annual fee in the first year. Ends 13 December 2017.
NAB Premium Card
0% p.a. for 20 months with 2% balance transfer fee
19.74% p.a.
$90 p.a.
Offers 7 complimentary insurance covers, access to a 24/7 concierge service and special offers through Visa Entertainment.
ANZ Platinum Credit Card - Exclusive Offer
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)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer fee.
Bankwest Breeze Platinum Mastercard
0% p.a. for 13 months with 2% balance transfer fee
0% p.a. for 13 months (reverts to 12.99% p.a.)
$99 p.a.
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Receive a discounted annual fee, $100 cashback when you meet the spend requirement and up to 44 days interest-free on purchases.
Qantas Premier Platinum
0% p.a. for 15 months
19.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly further with 75,000 bonus Qantas points, up to 2 Qantas Points per $1 spent and 2 yearly complimentary Qantas Club lounge invitations.
NAB Low Fee Card
0% p.a. for 16 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Receive complimentary purchase protection insurance, special offers from Visa Entertainment and up to 44 days interest-free on purchases.
Qantas American Express Ultimate Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$450 p.a.
Take advantage of a high Qantas Points earn rate and two American Express Airport Lounge entries each calendar year.
Citi Signature Credit Card
0% p.a. for 15 months with 1% balance transfer fee
20.99% p.a.
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn from 1 Point per $1 spent on selected purchases and receive a complimentary Priority Pass membership with two airport lounge visits per year.

Compare up to 4 providers

Rates last updated November 24th, 2017
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
NAB Velocity Rewards Card
4.99% p.a. for 6 months
19.99% p.a.
$95 p.a.
This Visa card offers 0.5 Velocity Points per $1 spent on eligible purchases and special Visa Entertainment offers.
Citi Qantas Signature Credit Card
0% p.a. for 6 months
20.99% p.a.
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn from 0.5 Qantas Points per $1 spent on selected purchases and get 2 airport lounge visits per year.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 6 months
0% p.a. for 12 months (reverts to 20.74% p.a.)
$129 p.a.
Save with 0% p.a. on purchases for 12 months. Plus, up to 0.66 Velocity Points per $1 spent.
NAB Premium Card
0% p.a. for 20 months with 2% balance transfer fee
19.74% p.a.
$90 p.a.
Offers 7 complimentary insurance covers, access to a 24/7 concierge service and special offers through Visa Entertainment.
Citi Prestige Card
0% p.a. for 6 months
20.99% p.a.
$700 p.a.
Earn from 1 Point per $1 spent on selected purchases and enjoy unlimited airport lounge access with a complimentary Priority Pass.
McGrath Pink Visa
4.99% p.a. for 8 months
4.99% p.a. for 8 months (reverts to 8.99% p.a.)
$40 p.a.
A basic, no-frills credit card with up to 55 days interest-free that donates half of the card's annual fee to the McGrath Foundation.
NAB Rewards Classic Card
0% p.a. for 6 months
19.99% p.a.
$95 p.a.
Earn 0.75 NAB Rewards Points per $1 spent and receive complimentary purchase protection insurance.
NAB Rewards Platinum Card
0% p.a. for 6 months
19.99% p.a.
$195 p.a.
Collect 60,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
NAB Qantas Rewards Card
4.99% p.a. for 6 months
19.99% p.a.
$95 p.a.
A Visa card that rewards you with 0.5 Qantas points per $1 spent, plus complimentary purchase protection insurance.
NAB Qantas Rewards Premium Card
4.99% p.a. for 6 months
19.99% p.a.
$250 p.a.
A premium card that offers 25,000 bonus points when you meet the spend requirements. Plus a 24/7 personal concierge.
NAB Velocity Rewards Premium Card
4.99% p.a. for 6 months
19.99% p.a.
$150 p.a.
Offers up to 0.66 Velocity Points per $1 spent on purchases, combined with complimentary insurance covers and a concierge service.
NAB Low Rate Credit Card
4.99% p.a. for 6 months
0% p.a. for 6 months (reverts to 13.99% p.a.)
$59 p.a.
Receive up to 55 days interest-free on purchases, special offers from Visa Entertainment and Tap and Pay capabilities.
Bankwest More Mastercard
0% p.a. for 6 months with 1% balance transfer fee
19.99% p.a.
$100 p.a.
Earn 1.5 More Rewards Points per $1 spent and get free worldwide emergency card replacement.
Bankwest More Platinum Mastercard
0% p.a. for 6 months with 1% balance transfer fee
19.99% p.a.
$160 p.a.
Earn 2 More Rewards Points per $1 spent and pay 0% foreign transaction fees for online and overseas purchases.

Compare up to 4 providers

How to use the balance transfer calculator in 4 easy steps

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 'Amount Saved' column to find out which credit cards will save you the most money. The calculator automatically includes any balance transfer fees and annual fees associated with each card. Click on the 'Amount Saved' title to sort the cards in ascending or descending order of money saved.
Step 4. If you want to find out more about a particular credit card, click the ‘More info’ link for a full review on the features and benefits.

balance transfer calc

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Which balance transfer credit card should I apply for?

There is no one right balance transfer credit card. Instead, you should complete your comparison based on your individual needs including the size of your debt, your ability to repay and how long you need to clear the entire debt. You should also consider other factors including the annual fee and revert rate to ensure that the card is an affordable option for you. For a more comprehensive comparison, please see our guide on balance transfer credit cards.

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

Exactly how much you will save will also vary depending on the size of your debt, your repayments and the promotional offer you apply for. However, the interest you save will depend on the difference between the interest you would have paid on your current credit card account and the interest you'll avoid with the 0% balance transfer offer. If you use the balance transfer calculator in the tables above, the "interest saved" column will indicate how much you can save if you repay your entire balance before the interest-free promotion ends.

Mistakes to avoid with a balance transfer credit card

Balance transfer credit cards can be a useful debt consolidation tool that can help you save on interest costs. The balance transfer calculator above can help you make your comparison based on maximising your interest savings, but it's important to compare your options before you apply to ensure you're applying for the right card for you.

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Qantas Premier Platinum
Qantas Premier Platinum

Interest rate

19.99

Annual fee

299
St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate

12.74

Annual fee

99
Bankwest Breeze Classic Mastercard
Bankwest Breeze Classic Mastercard

Interest rate

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Annual fee

79

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106 Responses

  1. Default Gravatar
    BernadetteOctober 21, 2017

    How long does t take for the new card to transfer old credit card debts to it? Do they do all that is needed to do the transfers? Thanks

    • Staff
      LiezlOctober 22, 2017Staff

      Hi Bernadette,

      Balance transfer processing times vary from bank to bank. Usually, it will take 7 to 15 business days. While your new bank facilitates the debt transfer they will not process the closure of your old credit card. You would have to do it yourself. You may find our guide on banks processing times and balance transfer process on this page for more information.

      Cheers,
      Liezl

  2. Default Gravatar
    SuniilAugust 7, 2017

    Hi,
    I have NAB Qantas card and my interest rate is 14.49% from 21.99%. I used up 88000 points recently for a trip and i am also have frequent flyer programme with qantas. I would like to know which other card with similar interest rate can give me points and i can transfer those points on Singapore Airlines frequent flyer programme?
    As my monthly spend is anywhere between 1000-1200 and i travel once a year international, and may be 1 a year domestic i would like to know which other card i can use similar to nab with a yerly fee of $66 till date which will go to $95 from feb 2018 kindly let me know which is a reward card where i can on amex i get 1 points on each dollar and .05 on visa….
    thanks.
    Sunny

    • Default Gravatar
      JonathanAugust 7, 2017

      Hello Suniil,

      Thank you for your inquiry.

      Qantas cannot be transferred to Singapore Airlines because it is not one of their partnered airlines. You may visit Qantas website to know which airlines can be your options or check this page. As for the points, we have consolidated the changes for reward points program implemented starting July 1.

      Please read the fine print and the requirements before applying for these cards.

      Hope this helps.

      Cheers,
      Jonathan

  3. Default Gravatar
    fredMarch 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?

  4. Staff
    MayMarch 7, 2017Staff

    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

  5. Default Gravatar
    nevilleMarch 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.

  6. Default Gravatar
    stevenFebruary 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
      AnndyFebruary 12, 2017Staff

      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

  7. Default Gravatar
    AmyOctober 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
      MayOctober 13, 2016Staff

      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

  8. Default Gravatar
    LisaCJune 18, 2016

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

    • Staff
      AnndyJune 19, 2016Staff

      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

  9. Default Gravatar
    EmilySpenderJune 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
      AnndyJune 7, 2016Staff

      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

  10. Default Gravatar
    JMMay 17, 2016

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

    • Staff
      MayMay 17, 2016Staff

      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

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