Instant approval balance transfer credit cards

Compare balance transfer credit cards that offer approval within 60 seconds of applying online.

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If you have existing debt, you can apply for a balance transfer credit card that offers 0% p.a. interest during the introductory period. When you apply for a balance transfer online, you could also receive a response within 60 seconds of completing the application. While this is as close to "instant" as you can get with a credit card, you will need to meet the eligibility requirements to get approved. It could also take around 1-2 weeks from when you're approved for the balance transfer to be processed.

Use this guide to compare your options and learn more about what to consider before you get a 0% balance transfer credit card.

Instant Approval Balance Transfer Credit Cards Comparison

Data indicated here is updated regularly
$
% p.a.
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
American Express Velocity Platinum Card
20.74% p.a.
$375
Get 50,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
St.George Vertigo Classic
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Get 0% p.a. promotional purchase and balance transfer rates and save with a first-year annual fee waiver.
St.George Amplify Platinum
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 19.74% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.
Westpac Altitude Platinum Card
0% p.a. for 18 months with 1% balance transfer fee
20.49% p.a.
$99 annual fee for the first year ($150 p.a. thereafter)
Earn 80,000 bonus Altitude Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.
Coles Rewards Mastercard - Exclusive Offer
0% p.a. for 18 months with 1.5% balance transfer fee
19.99% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Finder Exclusive. Ends 29 October 2020
Save with $100 off a Coles Supermarket shop and a $0 first-year annual fee. Plus, 0% p.a. on balance transfers for 18 months (1.5% fee applies).
NAB Low Rate Credit Card
0% p.a. for 20 months with 2% balance transfer fee
12.99% p.a.
$59
Get a 0% p.a. interest rate for 20 months on balance transfers, Visa Offers + Perks and a competitive $59 ongoing annual fee.
BankSA Vertigo
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Enjoy a 0% p.a. for up to 22 months on balance transfers and up to 7 months on purchases. Plus, $0 first-year annual fee.
BankSA Amplify Platinum - Qantas
0% p.a. for 15 months with 1% balance transfer fee
19.74% p.a.
$99
Receive 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months. Plus a 0% balance transfer offer.
Coles Low Rate Mastercard - Exclusive Offer
0% p.a. for 6 months
12.99% p.a.
$58
Finder Exclusive. Ends 29 October 2020
Receive $100 off a Coles Supermarket shop when you make an eligible purchase within the first 30 days. Plus, a 0% balance transfer offer.
St.George No Annual Fee
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0
Receive up to 55 days interest-free on purchases, a low minimum credit limit of $500 and a long-term balance transfer offer.
BankSA No Annual Fee
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0
Offers 0% p.a. on balance transfers for 12 months, up to 55 days interest-free on purchases and an ongoing $0 annual fee.
St.George Vertigo Classic Rainbow
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
All the great low cost features of the Vertigo Visa with a rainbow design in support of the LGBT community.
St.George Rainbow Vertigo Platinum
6.99% p.a. for 12 months
0% for 15 months, reverts to 12.99% p.a.
$49 annual fee for the first year ($99 p.a. thereafter)
All the platinum features of the Vertigo Platinum Visa with a rainbow design in support of the LGBT community.
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How do instant approval balance transfer credit cards work?

If you have all of the required information and documents ready – including account details for the debt you want to transfer – you can usually complete the application within 10-20 minutes. You can then expect a response within 60 seconds of submitting the online application.

In some cases, you may be asked for more information or supporting documentation after submitting the initial application. When that happens, you will need to provide the requested details before getting an outcome.

If you’re approved, you can often expect your card to arrive in the mail within 5-10 business days. It can also take between 1 or 2 weeks for the balance transfer to be processed and appear in your new account.

What if my application is unsuccessful?

Credit card applications can be declined for a wide range of reasons, from not providing enough information to having bad credit history. Unfortunately, credit card providers are not required to give you a feedback on an application, so you may not know the reason straight away. When that's the case, you could call the provider to see if you can get more information, or check your credit history and credit score to see if that may have had an impact.

How to improve my chances of approval when applying for a balance transfer

Before you apply for a credit card, ask yourself these questions:

  • Am I eligible? Even with instant approval cards, you still need to meet the eligibility requirements. This usually includes a minimum annual income, good credit history and permanent Australian residency or citizenship.
  • Can I transfer from my current bank? You can’t transfer debts between products from the same financial issuer. If you’re unsure, you can compare the institutions you can and can’t transfer between to help narrow down your options.
  • How much can I transfer? While some cards allow you to transfer up to 100% of your approved credit limit, others accept transfers of a percentage of the limit (such as 80% or 90%). Make sure that your new card has a credit limit high enough to support the debt you're moving across.

You should also consider the other costs that come with the card before you apply. You won’t pay any interest on your balance transfer for the introductory period, but there could be a balance transfer fee or annual fee for the account. And when the promotional offer ends, any remaining balance transfer debt will also collect the higher revert rate.

As long as you meet the eligibility requirements and prepare the necessary information, you can apply for a balance transfer credit card and receive an outcome in minutes. But to find the right card for you and improve your chances of success, make sure to do your research and compare your options before you apply.

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12 Responses

  1. Default Gravatar
    NagendraJuly 24, 2015

    Hi I have 15,000 personal loan with CommBank I want to do balance transfer with any credit card. Please give me advice on this topic.

    • Avatarfinder Customer Care
      JonathanJuly 27, 2015Staff

      Hi Nag, thanks for your inquiry!

      Please refer to this page for more information on transferring a balance from a personal loan to a credit card.

      Cheers,

      Jonathan

  2. Default Gravatar
    sadieApril 23, 2015

    Hi, Im a non resident of Australia, i have been here nearly 3 years and have a visa with my partner (also non resident)till 2018 when we will become permanent residents. We currently have a comm bank credit card the limit is 15,000. Can we get a balance transfer to a card with out interest?
    Sadie

  3. Default Gravatar
    HaMarch 3, 2015

    Hi,

    Im non resident, my income is about 35000 pa. I have credit card of 7000 from commonwealth, which bank can approve balance transfer for me?

    • Avatarfinder Customer Care
      JonathanMarch 4, 2015Staff

      Hi Ha Le, thanks for your inquiry!

      Unfortunately banks require Australian permanent residency or citizenship. For a list of credit cards for temporary residents please see this page.

      Cheers,

      Jonathan

  4. Default Gravatar
    GarryOctober 27, 2014

    i have an anz credit debit of 17500.00 and i earn $4800.00 a month will i still be able to do a balance transfer to another bank and which bank will except my application

    • Avatarfinder Customer Care
      ElizabethOctober 28, 2014Staff

      Hi Garry,

      Thanks for your question.

      Being approved for a balance transfer credit card depends on a number of factors, including your credit history, any other debts you may have, as well as your income, etc. As it’s a large amount you want to transfer it might be worth getting in touch with a bank before you apply to see your chances of being approved, as well as to ensure you’ll be approved for a sufficient credit limit to bring you existing balance across.

      I hope this has helped.

      Thanks,

      Elizabeth

  5. Default Gravatar
    PhilApril 9, 2013

    Are there any balance transfers available that will pay off a bank overdraft account?

    • Avatarfinder Customer Care
      JacobApril 9, 2013Staff

      Hi Phil. Thanks for your question. You may want to consider Citibank or Virgin, they allow the transfer from personal loans and lines-of-credit to their credit cards and credit accounts. Jacob.

  6. Default Gravatar
    JoyApril 5, 2013

    what happens to the old cards when balance it transferred does the bank cancel them or do we?

    • Avatarfinder Customer Care
      JacobApril 5, 2013Staff

      Hi Joy. Thanks for the question. After you carry out a balance transfer from one card to another, the old card remains open and active. If you want to close the old account, it’s your responsibility to do so. You can do this any time, free of charge, provided that the balance of the card has been paid in full. Jacob.

Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Coles No Annual Fee Mastercard - Exclusive Offer
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$0
Finder Exclusive. Ends 29 October 2020
Save on new and existing interest charges with 0% interest on both balance transfers and purchases for the first 12 months.
ANZ Low Rate
12.49% p.a.
0% p.a. for 25 months with 1.5% balance transfer fee
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 25 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Qantas American Express Premium Card
20.74% p.a.
$249
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
0% p.a. for 12 months
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
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* 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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