Long-Term Balance Transfer Credit Cards

Need more time to repay your debt? Compare long-term balance transfers.

Westpac Credit Card Offer

Westpac Low Rate Card

0% p.a. for 18 months on balance transfers

Offer ends 26 June 2019

Eligibility criteria, terms and conditions, fees and charges apply

Westpac Credit Card Offer

The Westpac Low Rate credit card features a long-term balance transfer offer and a low variable interest rate on purchases.

  • $59 p.a. annual fee.
  • 13.49% p.a. on purchases
  • Cash advance rate of 19.49% p.a.
  • Up to 55 days interest free
  • Minimum income requirement of $15,000 p.a.
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Compare Long-Term Balance Transfer Credit Cards

Rates last updated April 24th, 2019
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Name Product Balance transfer rate Purchase rate (p.a.) Annual fee Amount Saved Product Description
HSBC Platinum Credit Card
0% p.a. for 22 months
19.99% p.a.
$129 p.a.
0% p.a. for 22 months on balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
Westpac Low Rate Card
0% p.a. for 18 months
13.49% p.a.
$59 p.a.
A low rate card offering 0% p.a. on balance transfers for 18 months and a competitive purchase rate.
Suncorp Clear Options Platinum Credit Card - Online Offer
0% p.a. for 18 months
20.74% p.a.
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and get up to 60,000 bonus points. Plus, a $49 first year annual fee when you apply online.
Bendigo Bank Low Rate Mastercard
0% p.a. for 18 months with 2% balance transfer fee
11.99% p.a.
$45 p.a.
A no-frills card with a competitive annual fee, a low purchase interest rate of 11.99% p.a. and an 18-month balance transfer offer.
Citi Rewards Platinum Credit Card - Balance Transfer Offer
0% p.a. for 26 months with 1.5% balance transfer fee
20.99% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus $0 annual fee for the first year.
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.
St.George Vertigo Platinum
0% p.a. for 26 months with 2% balance transfer fee
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer, $0 first year annual fee, complimentary travel insurance and access to a 24/7 personal concierge service.
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 75,000 bonus points in the first 3 months and save with a $64 first year annual fee. Plus, a long-term balance transfer offer.
Bankwest Breeze Classic Mastercard
0% p.a. for 26 months with 2% balance transfer fee
0% p.a. for 6 months (reverts to 12.99% p.a.)
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Pay 0% p.a. interest on purchases for the first 6 months and 0% p.a. on balance transfers for 26 months. Plus, a $0 first year annual fee.
Qantas Premier Platinum
0% p.a. for 18 months
19.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 70,000 bonus Qantas points when you meet the spend criteria and 30,000 more after the first year (100,000 total), plus, lounge passes.
ANZ First Visa Credit Card
0% p.a. for 18 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Get up to 18 months interest-free on balance transfers and save with a low $30 annual fee. Plus, up to 44 days interest-free on purchases.
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.
Citi Clear Platinum Credit Card
0% p.a. for 14 months
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Bank of Melbourne Vertigo Platinum
0% p.a. for 26 months with 2% balance transfer fee
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 26-month balance transfer at 0% p.a., a $0 annual fee for the first year and complimentary travel insurance.
Bank of Melbourne Vertigo Classic
0% p.a. for 16 months
13.99% p.a.
$55 p.a.
Enjoy 0% p.a. interest for up to 16 months on balance transfers with no balance transfer fee. Plus, a low annual fee and competitive purchase rate.
BankSA Vertigo Classic
0% p.a. for 16 months
13.99% p.a.
$55 p.a.
Enjoy a 0% p.a. interest rate for up to 16 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase interest rate.

Compare up to 4 providers

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.

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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10 Responses

  1. Default Gravatar
    July 25, 2018

    a senior …can i get a credit card

    • Default Gravatar
      JoelJuly 25, 2018

      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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