Get instantly approved for a balance transfer credit card today. Compare the offers below and find out how much you can save.
You can use a balance transfer credit card to pay no interest on existing debt for a promotional period. If you want to start saving on interest, you can apply for these cards online and receive approval within 60 seconds when you meet the eligibility criteria.
Use this guide to compare your options and learn the factors to consider before you get a 0% balance transfer credit card.
Instant Approval Balance Transfer Credit Cards Comparison
How do instant approval balance transfer credit cards work?
You can typically apply for a credit card and request a balance transfer online. If you have all of the necessary information and documents ready, you can usually complete the application within 10-15 minutes. If you meet the eligibility requirements, you may receive instant approval within 60 seconds of applying.
If you’re not approved instantly, you should still receive a notification that either your application has been denied or is pending approval within a minute of applying.
If you’re approved, you can often expect your card to arrive in the mail within a week or so. It can also take between one or two weeks for the balance transfer to process and appear in your new account.
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 your card may still come with costs including the annual fee and balance transfer fee. When the promotional offer ends, any remaining 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 approval in seconds. 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.