Long-Term Balance Transfer Credit Cards

Need more time to repay your debt? Compare long-term balance transfers with 0% interest for up to 24 months.

If you’re struggling to pay off an existing credit card, you could move your debt to a card with a long-term balance transfer offer. Then you can repay your credit card with no interest for between 18 and 24 months.

Before you get started, you can use this guide to compare credit cards with a long interest-free balance transfer and discover the features you should consider before you apply.

St.George Credit Card Online Offer

St.George Vertigo Platinum - Online Offer

0% p.a. for 25 months on balance transfers

Offer ends 2 October 2018

Eligibility criteria, terms and conditions, fees and charges apply

St.George Credit Card Online Offer

The St.George Vertigo Platinum credit card offers a long-term 0% balance transfer with no balance transfer fee when you apply online, combined with a low interest rate on purchases.

  • $99 p.a. annual fee.
  • 12.74% p.a. on purchases
  • Cash advance rate of 19.49% p.a.
  • Up to 55 days interest free
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Compare Long-Term Balance Transfer Credit Cards

Rates last updated August 19th, 2018
$
% 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 25 months
12.74% p.a.
$99 p.a.
Get platinum perks and save with 0% p.a. interest for up to 25 months on balance transfers with no BT fee.
Westpac Low Rate Card
0% p.a. for 24 months with 1% balance transfer fee
13.49% p.a.
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
Citi Clear Platinum - Exclusive Offer
0% p.a. for 24 months with 1.5% balance transfer fee
14.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Take advantage of 0% p.a. on balance transfers for up to 18 months. $64 in the first year ($129 p.a. thereafter), plus, bonus Velocity Points.
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 ($129 p.a. thereafter)
finder Exclusive: Receive a long 18-month, 0% p.a., no fee balance transfer and earn Suncorp Rewards Points or Qantas Points per $1 spent.
ANZ Low Rate
0% p.a. for 15 months
12.49% p.a.
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
Citi Simplicity Card
0% p.a. for 15 months with 1.5% balance transfer fee
19.99% p.a.
$0 p.a.
Save with 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from approval. Plus, a 15 month balance transfer offer.
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 and enjoy a discounted annual fee of $64 for the first year.
NAB Low Fee Platinum Card
0% p.a. for 24 months with 2% balance transfer fee
19.74% p.a.
$90 p.a.
Offers 7 complimentary insurance covers, a 0% p.a. for 24 month balance transfer and access to a 24/7 concierge service for a $90 p.a. annual fee.
NAB Low Fee Card
0% p.a. for 18 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Receive complimentary purchase protection insurance, a 18 month balance transfer offer and special offers from Visa Entertainment.
HSBC Platinum Credit Card
0% p.a. for 22 months with 2% balance transfer fee
19.99% p.a.
$129 p.a.
Offers a 0% p.a. for 22 months balance transfer and an annual fee refund each year when you spend $6,000.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Offers a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and 0% p.a. for 14 months on balance transfers.
HSBC Low Rate Credit Card
0% p.a. for 20 months with 2% balance transfer fee
13.25% p.a.
$79 p.a.
Receive up to 20 months interest-free on balance transfers with a 2% BT fee. Also enjoy exclusive offers with the home&Away Privilege Program.
Citi Rewards Platinum Credit Card
0% p.a. for 26 months with 2.5% balance transfer fee
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus complimentary international travel insurance.
ANZ Platinum Credit Card
0% p.a. for 18 months with 2% balance transfer fee
19.74% p.a.
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Receive a 0% p.a. for 18 month balance transfer offer and a $0 first year annual fee. Plus, complimentary overseas travel and medical insurance.

Compare up to 4 providers

What is a long-term balance transfer?

A long-term balance transfer credit card offers 0% on balance transfers for up to 24 months (although sometimes they can be as high as 25 or 26 months). Meanwhile, other cards may only charge no interest for 6 to 14 months.

Cards with long interest-free balance transfer deals are designed to help cardholders who have a high outstanding balance or want more time to repay their debt without collecting interest. At the end of the promotional period, any remaining debt will collect a higher revert rate. So even if you have a card with a long balance transfer deal, you should aim to pay off your balance before the promotional period ends.

How to compare cards with a long-term 0% balance transfer offer

Before you apply for a card with a long balance transfer deal, here are some factors you should consider first:

How long is the interest-free period?

These cards generally offer 0% on balance transfers for 18 to 26 months, but the exact promotion will vary between cards. To decide how long you’ll need, consider the size of your debt and divide it by the number of months in the promotional period. This is how much you’ll have to pay each month to clear the debt before the revert interest rate applies. If you don’t think you can afford this each month, consider a card with a longer interest-free period to reduce and spread out your monthly repayments.

Is there a balance transfer fee?

You might be charged a balance transfer fee when you first move your debt. This one-time fee can usually range between 1% and 3% of the transfer amount. This can eat into your overall savings, so it’s important to compare.

What is the revert interest rate?

At the end of the promotional period, any remaining balance will attract the revert interest rate. This is usually the standard cash advance rate, which can be more than 20% p.a. You should always aim to repay your entire balance before this interest rate applies, but it’s important to consider so you’re not hit with a nasty surprise when the introductory period ends.

Does the card charge an annual fee?

Some cards with long-term balance transfers offer $0 annual fee for life or the first year. Others charge annual fees that can range from tens to hundreds of dollars. Before you apply, you should make sure that the annual fee doesn’t offset the savings you’ll get from the interest-free period. When you use the balance transfer calculator in this guide, the amount saved column considers both the annual fee and balance transfer fee.


A long-term balance transfer credit card can help you get your debt under control without the additional cost of interest. However, it’s important that you plan ahead to ensure you can pay off your debt in full before the revert rate applies to get the most out of your 0% balance transfer card.

Want to know more? Check out our guide to 0% balance transfer credit cards.

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Related Posts

Credit Card Offers

Important Information*
Citi Clear Platinum - Exclusive Offer

Interest rate

14.99

Annual fee

49*

*$99 p.a. after first year

Westpac Low Rate Card

Interest rate

13.49

Annual fee

0*

*$59 p.a. after first year

Westpac Altitude Platinum Card - Qantas

Interest rate

20.24

Annual fee

50*

*$200 p.a. after first year

ANZ Low Rate

Interest rate

12.49

Annual fee

58

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10 Responses

  1. Default Gravatar
    July 25, 2018

    a senior …can i get a credit card

    • finder Customer Care
      JoelJuly 25, 2018Staff

      Hi Michael,

      Thanks for leaving a question on finder.

      We have a comparison of credit cards for seniors and retirees HERE. Being self-employed, retired or on a pension doesn’t mean you can’t access credit. However, you may be required to meet other terms and conditions and provide additional documents, so do your research before applying for a credit card.

      We’ve done some of the hard work for you and made a list of providers that accept retired applicants, as well as the documents you’ll need to improve your chances of approval.

      Cheers,
      Joel

  2. Default Gravatar
    doreenApril 3, 2017

    I have a bank card for 1000 of which I have spent 800 and a platinum new card for 6000 on which I owe 1000 could these go for balance transfer and what would be interest rate at the finish of 12 months?
    Thanks

    • finder Customer Care
      HaroldApril 4, 2017Staff

      Hi Doreen,

      Thank you for your inquiry.

      To check your available options regarding balance transfer it would be nice to contact your provider directly. Also, you may want to consider this page for further information.

      I hope this information has helped.

      Cheers,
      Harold

  3. Default Gravatar
    VickiApril 25, 2016

    Hi
    I am a commonwealth bank customer and recently had a $10k limit with over 20% interest rate and got to over $5000 and wasn’t getting ahead so transferred it over to St George with 20 months interest free so have been paying the right amount each month so the debt is paid off within that period and not using the card for purchases.
    I have another lower rate credit card with Commonwealth for around 14% but it is around $5,000 and still paying around $70 interest a month.
    My question is this – would I be better to transfer this second balance and pay off with no interest or stick with what I’m doing?
    Cheers

    • finder Customer Care
      LouApril 28, 2016Staff

      Hi Vicki,

      Thanks for your question.

      This will depend on your personal and financial situation. You can balance transfer the existing $5,000 debt but there’s the risk that it won’t be approved. This will also depend on how recent your last balance transfer was.

      If you don’t intend to add the $5k debt and can pay off the balance and interest payments comfortably, a balance transfer may not be necessary.

      If you’d like to discuss your options further, you may want to consider the services of a financial planner. finder.com.au is a third party comparison service and can only provide general advice.

      I hope this helps.

      Cheers,
      Anndy

  4. Default Gravatar
    FrancesOctober 23, 2015

    Hi there,
    I have incurred some debt from my line of credit recently and would like to know if it is possible to transfer the debt to one of the 0% for 15-25mths free cards? Which ones would offer this?
    Thanking you

    • finder Customer Care
      AllyOctober 23, 2015Staff

      Hi Frances,

      Thanks for your inquiry.

      Kindly check with your preferred bank directly as the amount they can approve you of will greatly depend on your credit situation and income.

      Cheers,
      Ally

  5. Default Gravatar
    PhuAugust 29, 2011

    Dear sir/madam
    I have got a debt 35.000 from credit card , now I would like to transfer to your bank with l.9% for 15 months . can you tell me what conditions to approve that . thanks

    • finder Customer Care
      JeremyAugust 31, 2011Staff

      Hi Phu

      Thanks for your question.

      The banks don’t state the requirements to be able to receive a credit limit of $35,000+ in order to do a balance transfer for $35,000.

      Standard Citibank credit card application criteria applies. They will approve you up to a certain amount which will be largely determined by your credit situation and income.

      Cheers

      Jeremy

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