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.

NAB Premium Card - Exclusive Offer

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-time BT fee applies.
  • Receive a range of complimentary insurance covers including overseas travel insurance and a 24/7 NAB Platinum Concierge Service.
  • Request an additional cardholder at no extra cost.
  • Eligibility criteria, T&Cs, fees and charges apply.

    Use our balance transfer calculator to see how much you can save

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

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    Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved Product Description
    Virgin Australia Velocity Flyer Card - Exclusive Offer
    0% p.a. for 18 months
    20.74% p.a.
    $64 p.a. annual fee for the first year ($129 p.a. thereafter)
    Apply by 31 July 2017 to earn bonus Velocity Points for the first three months and a $129 Virgin Australia Gift Voucher each year.
    St.George Vertigo Platinum
    0% p.a. for 20 months
    12.74% p.a.
    $99 p.a.
    Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
    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.
    St.George Vertigo Visa
    0% p.a. for 14 months
    13.24% p.a.
    $0 p.a. annual fee for the first year ($55 p.a. thereafter)
    Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
    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)
    Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
    HSBC Platinum Credit Card
    0% p.a. for 22 months with 2% balance transfer fee
    19.99% p.a.
    $99 p.a.
    Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
    Bank of Melbourne Vertigo Platinum
    0% p.a. for 20 months
    12.74% p.a.
    $99 p.a.
    Get a range of complimentary insurance covers, access to a 24/7 concierge and up to 55 days interest-free on purchases.
    BankSA Vertigo Visa
    0% p.a. for 18 months
    13.24% p.a.
    $0 p.a. annual fee for the first year ($55 p.a. thereafter)
    Get up to 55 days interest-free on purchases and be protected by 24/7 Falcon® Fraud service.
    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.
    HSBC Low Rate Credit Card
    0% p.a. for 15 months with 2% balance transfer fee
    13.25% p.a.
    $55 p.a.
    Receive up to 55 days interest-free on purchases. Also enjoy exclusive offers with the home&Away Privilege Program.
    Virgin Money Low Rate Credit Card
    0% p.a. for 12 months
    11.99% p.a.
    $99 p.a.
    Receive up to 44 days interest-free on purchases and the optional insurance coverage of CreditShield Edge.
    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% BT fee. Plus, the convenience of the Westpac mobile banking app.
    NAB Low Rate Platinum Card
    0% p.a. for 16 months with 2% balance transfer fee
    13.99% p.a.
    $100 p.a.
    Enjoy the protection of 7 complimentary insurances including overseas travel and purchase protection insurance.
    ANZ Low Rate Platinum
    0% p.a. for 16 months with 2% balance transfer fee
    11.49% p.a.
    $99 p.a.
    Enjoy platinum benefits with exclusive discounts, complimentary travel and purchase insurances and a 24/7 personal concierge.
    American Express Essential®  Credit Card
    0% p.a. for 12 months with 1% 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.
    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 $100 eGift Card when you apply by 30 September 2017 and make an eligible purchase by 31 October 2017.
    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.

    Compare up to 4 providers

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

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    Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved Product Description
    NAB Premium Card - Exclusive Offer
    0% p.a. for 24 months
    19.74% p.a.
    $90 p.a.
    Exclusive to finder.com.au, enjoy a no fee, long-term balance transfer offer with platinum privileges.
    Virgin Australia Velocity Flyer Card - Exclusive Offer
    0% p.a. for 18 months
    20.74% p.a.
    $64 p.a. annual fee for the first year ($129 p.a. thereafter)
    Apply by 31 July 2017 to earn bonus Velocity Points for the first three months and a $129 Virgin Australia Gift Voucher each year.
    St.George Vertigo Platinum
    0% p.a. for 20 months
    12.74% p.a.
    $99 p.a.
    A low rate Platinum card with up to 55 interest-free days on purchases and access to Visa's Platinum Concierge service.
    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)
    Earn Citi Reward Points on everyday spend and receive complimentary travel insurance.
    St.George Vertigo Visa
    0% p.a. for 14 months
    13.24% p.a.
    $0 p.a. annual fee for the first year ($55 p.a. thereafter)
    Save with a low variable purchase rate and up to 55 interest-free days.
    ANZ Low Rate
    0% p.a. for 16 months with 2% balance transfer fee
    12.49% p.a.
    $58 p.a.
    Receive up to 55 days interest-free on purchases, up to 3 additional cardholders at no cost and Mastercard PayPass.
    HSBC Platinum Credit Card
    0% p.a. for 22 months with 2% balance transfer fee
    19.99% p.a.
    $99 p.a.
    Offers an annual fee refund with a yearly minimum spend of $6,000.
    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)
    An exclusive credit card offer through finder.com.au that includes complimentary insurance covers.
    Bank of Melbourne Vertigo Platinum
    0% p.a. for 20 months
    12.74% p.a.
    $99 p.a.
    Receive a range of complimentary insurances and access to a 24/7 Visa Platinum Concierge.
    NAB Low Fee Card
    0% p.a. for 16 months with 2% balance transfer fee
    19.74% p.a.
    $30 p.a.
    Receive up to 44 interest-free days on purchases and complimentary Purchase Protection Insurance.
    HSBC Low Rate Credit Card
    0% p.a. for 15 months with 2% balance transfer fee
    13.25% p.a.
    $55 p.a.
    Enjoy the benefits of the home&Away Privilege Program and the ability to pay using Apple Pay.
    Suncorp Clear Options Platinum Credit Card - Exclusive Offer
    0% p.a. for 18 months
    20.74% p.a.
    $99 p.a. annual fee for the first year ($169 p.a. thereafter)
    Earn Suncorp Rewards Points per $1 spent and enjoy complimentary international travel insurances.
    Virgin Money Low Rate Credit Card
    0% p.a. for 12 months
    11.99% p.a.
    $99 p.a.
    Enjoy a low ongoing purchase rate and the optional protection of CreditShield Edge.
    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.
    Offers a low introductory rate on purchases and up to 55 interest-free days.
    NAB Low Rate Credit Card
    0% p.a. for 16 months with 2% balance transfer fee
    13.99% p.a.
    $59 p.a.
    Receive up to 55 days interest-free on purchases and access to Visa Global Customer Assistance Services.
    NAB Low Rate Platinum Card
    0% p.a. for 16 months with 2% balance transfer fee
    13.99% p.a.
    $100 p.a.
    Enjoy the protection of 7 complimentary insurances including overseas travel and purchase protection insurance.
    ANZ Low Rate Platinum
    0% p.a. for 16 months with 2% balance transfer fee
    11.49% p.a.
    $99 p.a.
    A platinum card with a competitive low rate and a range of complimentary insurances.
    American Express Essential®  Credit Card
    0% p.a. for 12 months with 1% balance transfer fee
    14.99% p.a.
    $0 p.a.
    Earn 1.00 Membership Rewards point per $1 spent on eligible purchases.
    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 $100 eGift Card when you apply by 30 September 2017 and make an eligible purchase by 31 October 2017.
    BankSA Vertigo Visa
    0% p.a. for 18 months
    13.24% p.a.
    $0 p.a. annual fee for the first year ($55 p.a. thereafter)
    Save with a low ongoing purchase rate and enjoy up to 55 days interest-free.

    Compare up to 4 providers

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

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    Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved Product Description
    NAB Velocity Rewards Card
    0% p.a. for 6 months
    19.99% p.a.
    $95 p.a.
    This dual Amex and Visa card offers up to 0.75 Velocity Points per $1 spent on eligible purchases and special Visa Entertainment offers.
    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.
    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 a 2 airport lounge visits per year.
    Citi Rewards 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)
    Receive 75,000 bonus Reward Points on eligible spend, plus a range of complimentary insurances and 1 Reward Points per $1 spent on eligible domestic and international spend.
    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.
    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 50,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
    NAB Qantas Rewards Card
    0% p.a. for 6 months
    19.99% p.a.
    $95 p.a.
    A dual Amex and Visa card that allows you to earn up to 0.75 Qantas Points per $1 spent, plus complimentary purchase protection insurance.
    NAB flybuys Rewards Card
    0% p.a. for 6 months
    19.99% p.a.
    $95 p.a.
    Earn 1 flybuys point per $1 spent on everyday purchases and receive 7 complimentary insurance covers.
    NAB Qantas Rewards Premium Card
    0% p.a. for 6 months
    19.99% p.a.
    $250 p.a.
    A dual Amex and Visa card that earns up to 1 Qantas Point per $1 spent on eligible purchases, plus a 24/7 personal concierge.
    NAB Velocity Rewards Premium Card
    0% p.a. for 6 months
    19.99% p.a.
    $150 p.a.
    Offers up to 1 Velocity point per $1 on purchases, combined with complimentary insurance covers and a concierge service.
    NAB Low Rate Credit Card
    0% p.a. for 16 months with 2% balance transfer fee
    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.

    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 '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. 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.

    BT Calculator

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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

    While you can use a balance transfer credit card to make purchases, it's important to remember that interest-free days won't apply if you're paying off a balance. So, if you want to concentrate on clearing your debt and avoiding interest, you might want to refrain from using your card for purchases. Watch our video of finder.com.au founder Fred Schebesta explaining how interest-free days work for more information.

    Your repayments will also automatically go to the amount that is collecting the highest interest. So, if your purchases are collecting the standard interest rate, repayments will go to those rather than your balance transfer.

    If you have a remaining balance once the promotional period ends, your debt will begin to collect either the standard purchase interest rate or cash advance interest rate. The revert rates will vary from card to card, so you can visit our product reviews to confirm the relevant standard rate for the card you're interested in. If you want to avoid paying interest on your balance, it's wise to repay your entire debt before the promotional offer ends. See our guide on "What does my balance transfer rate revert to?" for more information.

    You can't balance transfer credit cards that are issued by the same bank. This often means you also can't transfer between banks that are owned by the same company. See this guide for a list of the banks you can and can't transfer between.

    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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    Ask an Expert

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    102 Responses

    1. 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?

    2. 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

    3. 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.

    4. 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

    5. 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

    6. 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

    7. 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

    8. 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

    9. Default Gravatar
      SjgudgeonMay 13, 2016

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

      • Staff
        AnndyMay 13, 2016Staff

        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
      TriskeApril 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
        MayApril 17, 2016Staff

        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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