Long-Term Balance Transfer Credit Card Offers

Transfer your credit card debt and repay it over 20 months with 0% interest. Find one of the longest balance transfers available today.

One way to tackle your credit card debt is to apply for a balance transfer credit card and transfer your balance at a low interest rate for a set period of time. The longer the term of a balance transfer, the more time you’ll have to pay off your debts. Learn about longer term balance transfer offers in this guide and some of the most commonly asked questions when applying for them.

Long-Term Balance Transfer Credit Cards Comparison

Rates last updated March 26th, 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. 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
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
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
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
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 a one off 3% balance transfer fee 19.74% p.a. $90 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
The NAB Low Rate Card 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
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
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
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

How to use a 0% balance transfer to manage post-Christmas debt


How to use the Balance Transfer Calculator in 4 easy steps and learn how much you can save with a Long-Term Balance Transfer 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

What is a long-term balance transfer?

A balance transfer offer on a credit card allows you to transfer your current credit card balance to a new card and repay it at a lower interest rate for a set period of time. Longer term balance transfers are a type of credit card offer that allows customers to transfer their existing credit card balance to a new credit card for a longer period of time – typically 9, 12, 18 or more months. Balance transfers charge a lower interest rate over the promotional period so you can save money and repay your debt.

What is the process to transfer a credit card balance?

Customers can apply for a long-term balance transfer credit card by requesting it during the online application (or after credit card approval with specific banks). Once the balance transfer has been requested, the new banking institution submits a request payout for the existing debt and transfers that amount to the new balance transfer credit card.

Credit card issuers essentially provide this offer as an incentive to attract new customers. However, it's important to pay off your debt during this period because after the balance transfer period, the interest rate reverts to the much higher standard interest rate or cash advance rate.

What are the types of long balance transfer period credit cards available?

  • No frills balance transfers. You can choose to balance transfer your debt onto a standard credit card that doesn't have any features you won't use. If you're seriously dedicated to paying off your debt, then these type of credit cards won't motivate you to spend any more because of the lack of rewards and features. The interest rate is typically either:
    - 0% p.a. interest on balance transfers for 9, 12 months or more
    - A low balance transfer interest rate (e.g: 0.99%, 1.9%, 3.9%) for a longer period of time e.g: 12, 15, 18 or even 24 months.
  • Platinum balance transfers. If you have a high credit limit, you may want to balance transfer your debt onto a Platinum credit card. These types of credit cards often have complimentary travel insurance as well as a range of features to motivate you to spend more. They are often linked to a rewards system as well, so these aren't a great idea if you want to remain dedicated to paying your debt back.
  • Rewards and frequent flyer balance transfers. These type of credit cards allow you to earn points on your eligible purchases. While you don't earn points for transferring your balance, you still get more value out of your purchases made on the card. Be mindful that if you have a balance on a rewards credit card, the interest charges will often negate the benefits that the rewards points provide.

How to compare credit cards that offer a long balance transfer deal

  • Promotional interest period. If you're looking for a balance transfer period that is considered a longer term, then you'll need to look for one that is nine months or longer.
  • The balance transfer interest rate. This is the interest rate that is charged on balance that you've transferred. Some of the better offers have a 0% rate, but you'll find that longer periods may vary from 1.5%-5% over a 2 year period. This is when you can use your judgement to determine how long you'll need to repay your credit card debt to get the most competitive interest rate.
  • Balance transfer amount and limit. This determines the maximum amount you can balance transfer to your new credit card. A rule for long-term balance transfers is that you can't balance transfer more than your approved maximum credit limit. A common industry limit is 95% of your approved credit limit. So for an approved credit limit of $10,000, the maximum amount that can be transferred to the new card is $9,500. A few balance transfer credit cards have minimum and maximum amount of balance that can be transferred limits, such as a minimum of $500 and a maximum of $20,000.
  • Balance transfer fee. Banks may charge a fee of 2-3% of the entire balance transfer amount, so it's important to read the terms and conditions before applying.
  • Balance transfer revert rate. Have a look at whether the balance transfer rate reverts to the purchase rate or cash advance rate. The purchase rate is generally lower than the cash advance, so if you do forget you won't be charged as much interest.

Key considerations for a balance transfer

Pros and cons of a long-term balance transfer


  • More time to pay off your debts. One year is a more generous amount of time for customers to get on top of their finances and make the smart move to pay down bad debt.
  • Pay less interest. Using a long-term balance transfer can be great for customers with a sizable credit card debt who want a full year on the one card to save money in interest and pay down their debt.


  • Revert rate. The revert rate of your balance transfer is either the purchase rate or cash advance rate so it's important to have your balance paid off before the balance transfer period end or that any leftover balances are transferred again if you are in a position to apply for another balance transfer credit card.

What rate does your BT revert to?

Things to avoid when transferring your balance for a longer term

  • Making extra purchases. If you make a purchase on a credit card with an outstanding balance, interest is charged on the day of the purchase. This defeats the purpose of trying to pack back your original debt.
  • Leaving unpaid balances after the set period. Interest on a balance transfer will revert to either the purchase rate or, more commonly, the cash advance rate of interest after the promotional period. This can vary from card to card, but usually the interest will revert to an excess of 20%p.a.
  • Transferring to the same bank. Most credit card products don't allow you to balance transfer to the same bank or its affiliates unless specifically stated in their terms and conditions.


Am I eligible for a long-term balance transfer credit card?

Generally if you have a good credit rating, are over 18 years of age and you're a permanent Australian resident or citizen, you have a higher chance of being accepted.

Why can't I balance transfer my existing debt to a long-term balance transfer card from the same bank?

Most credit card products only allow new customers to balance transfer or balances transferred from another provider or issuer. Learn more here.

Where can I find shorter term 0% p.a. balance transfer credit cards? eg. 0% p.a. for 6 months

Where can I find a comparison of balance transfer credit cards?

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

Interest rate


Annual fee

American Express Essential®  Credit Card
American Express Essential® Credit Card

Interest rate


Annual fee

HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate


Annual fee


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97 Responses to Long-Term Balance Transfer Credit Card Offers

  1. Default Gravatar
    Gary | March 1, 2017

    I have had some trouble in the past – bankrupt in 2008 – so its all come and gone – I have applied for a transfer with bank west but I said I wasn’t acceptable – could that be what the issue is? – my income is steady, and I certainly have capacity to repay 50 per months on the balance

    • Staff
      May | March 3, 2017

      Hi Gary,

      Thanks for your question.

      Generally, credit cards are not available to people who had been bankrupt. You may want to get more information on this here.


  2. Default Gravatar
    Mkd | November 21, 2016

    My husband and I have a credit card I am the primary card holder and he has a secondary card since having it I no longer work as I stay at home with the kids. We would like to transfer our balance however the new card would have to have him as the primary as it would rely on his income for the application. My question is will it be possible to still transfer our current credit card to another or will we have to change him to the primary?

    • Staff
      Anndy | November 21, 2016

      Hi Mkd,

      Thanks for your question.

      Yes, there are credit cards that allow balance transfers between two people’s names. You can check which credit card companies offer those through this page. Once you have selected a bank, just click on its logo so you’ll be able to check and compare your credit card options. Your husband can apply for any of these cards, then request for an additional card for you, once approved.

      Please do check the eligibility criteria first before submitting an application online.


  3. Default Gravatar
    Chris | June 24, 2016

    I would like to consolidate debts on a cc and a store card. There are multiple direct debits from the cc. Would I need to contact all the companies debiting from the card or would the new cc company do this for me?

    Thank you

    • Staff
      May | June 28, 2016

      Hi Chris,

      Thanks for your inquiry.

      A balance transfer is essentially the process where you transfer the balance (any money you owe on your current credit card) to a new credit card with another financial institution and this process does not include the direct debit arrangement you had with your current credit card.

      Basically, if you’re doing a balance transfer to consolidate your credit card debts, the new card company (where you transfer the balance to) does not have the information of the direct debit of your old card. Please also note that these direct debit arrangements will not be automatically transferred to your BT credit card nor the new card issuer will contact the merchants/ companies you’ve had arranged with direct debits.

      So, if you want to change the credit card for your direct debit payments, you’ll need to contact the merchant/company and inform them of your new credit card information.


  4. Default Gravatar
    Adam | June 5, 2016


    I have 20k on a credit card and 40k as a personal loan.
    Am I able to transfer both debts onto one interest free card?


    • Staff
      May | June 6, 2016

      Hi Adam M,

      Thanks for your inquiry.

      The Citibank and Virgin Money are the credit card issuers that accept a balance transfer from personal loans and credit cards. You can actually compare your options on this page. However, please keep in mind though that the total amount you can transfer to a new single card should not exceed the credit limit you’ll be approved for.


  5. Default Gravatar
    Sarah | May 25, 2016

    Am I able to transfer a personal loan as a balance transfer onto an interest free credit card?

    • Staff
      Anndy | May 25, 2016

      Hi Sarah,

      Thanks for you question.

      You should be able to transfer your personal loan to any of the credit cards listed on this page. These cards come with 0% balance transfer rate offer for a limited time.


  6. Default Gravatar
    Di | March 17, 2016

    What is the highest amount you can transfer to 0% transfer to new credit cards

    • Staff
      Sally | March 17, 2016

      Hi Di,

      Thanks for your question.

      The amount you can transfer will depend on the card. Usually the limit is based on a percentage of the approved credit limit.

      If you can confirm which card you’re looking at, we’ll be able to provide you with further information.



  7. Default Gravatar
    Debbie | February 10, 2016

    Hi There, Do all of these cards accept balance transfers from a personal loan?

    • Staff
      Sharon | February 10, 2016

      Hi Debbie,

      Thanks for your inquiry.

      Unfortunately, some credit cards do not accept balance transfers from personal loans. You may wish you check this page for a comparison of credit cards that allows this option.



  8. Default Gravatar
    vieve | September 24, 2015


    I am with Go MasterCard and made a 12 month interest free purchase on it, it states that you have 62 days interest-free purchase cover as well. When I am paying off my debt does the money come off my purchases or off the interest free purchase? the interest free purchase is approx 7000 and my other day to day purchases are smaller. does this mean my interest will be adding up on the smaller purchases and I will not be able to pay them off until I have paid the 7000 off?


    • Staff
      Sally | September 25, 2015

      Hi Vieve,

      Thank you for your questions.

      If you use your card for additional purchases or for daily transactions, you won’t pay any interest during the term of the introductory offer. The 0% rate applies on eligible purchases made from the date you got approved up to the 12th month. As long as you meet the minimum monthly payment and can pay the balance in full before the twelfth month, you won’t be charged with the interest rate, otherwise you’ll incur the standard purchase rate for any outstanding balance.

      You won’t be needing your 62 interest-free days during the 0% interest rate introductory period but you may be able to benefit from it after that initial offer expires. This is because essentially you are still being charged interest, but it is at 0% p.a. However, after that time, you will need to be more disciplined about your spending habits and repayment patterns in order to continue paying no interest on your credit card. If you can manage to repay your entire credit card balance in full every month before the due date, you can then benefit from those interest-free days.

      I hope this helps.



  9. Default Gravatar
    Mel | August 6, 2015

    Hi I am after a CC to balance transfer around $15,000 and would like one i can apply for with my partner so we can transfer both balances.

    • Staff
      Sally | August 7, 2015

      Hi Mel,

      Thanks for your inquiry.

      Please note that finder.com.au is an online comparison service and is not in a position to recommend specific products, providers and services.
      For a list of balance transfer credit cards, you may want to compare from this page to compare the banks that allow you to balance transfers between two separate names/joint account holders.
      I hope this has helped answer your question.



  10. Default Gravatar
    James | February 5, 2015

    Hi, I have a Bankwest card, to which i have transferred a balance at 0% for 12 months. If i make a purchase on this card, how does the interest get charged, given that any repayments should apply to the higher amount first (i.e. any subsequent purchases at 19%, while the balance remains unpaid accruing 0%)?

    • Staff
      Jonathan | February 6, 2015

      Hi James, thanks for your inquiry!

      The credit interest on a credit card is calculated by summing the outstanding daily balance on purchases made, cash advances and special balances, plus any previously unpaid interest and multiplying this amount by the daily interest rate of the credit card (Annual Rate divided by 365).

      I hope this has helped.



Credit Cards Comparison

Rates last updated March 26th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points per $1 spent and save with a reduced annual fee and a 0% p.a. balance transfer offer for 18 months.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 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 the first 18 months combined with a low annual fee.
13.99% p.a. 0% p.a. for 18 months with 3% balance transfer fee $59 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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