Instant Approval Balance Transfer Credit Cards

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

Rates last updated November 17th, 2018
$
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
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.
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.
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 points in the first 3 months and save with a $64 first year annual fee. Plus, a long-term balance transfer offer.
St.George Amplify Signature - Qantas
19.49% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Enjoy 80,000 bonus Qantas Points when you spend $4,000 within 90 days and 2 complimentary Qantas Club lounge invitations per year.
American Express Velocity Platinum Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$375 p.a.
Receive 50,000 bonus Velocity Points and enjoy complimentary lounge passes, a domestic return flight and insurance covers.
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 Qantas Credit Card
0% p.a. for 12 months
19.99% p.a.
$199 p.a.
Enjoy 60,000 bonus Qantas Points when you spend $3,000 within the first 3 months. Plus, complimentary travel insurance.
Qantas American Express Discovery Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0 p.a.
Earn uncapped Qantas Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
ANZ Rewards Travel Adventures card
20.24% p.a.
$225 p.a.
Receive 40,000 bonus Velocity Points, 2 yearly Virgin Australia lounge passes, plus enjoy $0 overseas purchase transaction fees.
St.George Amplify Platinum
19.49% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Receive 50,000 bonus Amplify Points when you spend $2,000 within 90 days and save with a $0 annual fee for the first year.
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.
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.
St.George Vertigo Classic
0% p.a. for 16 months
13.74% p.a.
$55 p.a.
Get 0% p.a. interest for up to 16 months on balance transfers with no BT fee. Plus, a competitively low annual fee and purchase rate.
NAB Low Rate Credit Card
0% p.a. for 6 months with 2% balance transfer fee
0% p.a. for 6 months (reverts to 13.99% p.a.)
$59 p.a.
Receive an introductory 0% p.a. interest rate for 6 months on purchases, Visa Entertainment offers and a competitive $59 ongoing annual fee.
Westpac Altitude Black - Qantas
20.24% p.a.
$300 p.a.
Earn 80,000 bonus Qantas Points when you spend $3,000 on eligible purchases. Plus, 2 yearly Qantas Club lounge invitations.
St.George Amplify
0% p.a. for 14 months (reverts to 19.49% p.a.)
$79 p.a.
Take advantage of 0% p.a. interest on purchases for the first 14 months. Plus, earn 1 Amplify Point per $1 spent on eligible purchases, uncapped.
ANZ First Student Card
19.74% p.a.
$0 p.a. annual fee for the first year ($30 p.a. thereafter)
An ideal, low limit credit card for full-time tertiary students with up to 44 days interest-free on purchases and a $0 annual fee for the first year.
NAB Qantas Rewards Premium Card
0% p.a. for 6 months with 2% balance transfer fee
19.99% p.a.
$250 p.a.
Offers 30,000 bonus points when you meet the spend requirements and Qantas Points for your everyday spending. Plus a 24/7 personal concierge.
Westpac 55 Day Platinum Credit Card
0% p.a. for 20 months with 2% balance transfer fee
19.84% p.a.
$0 p.a. annual fee for the first year ($90 p.a. thereafter)
Receive a 20 month balance transfer offer, up to 55 days interest-free on purchases, a platinum concierge service and a $0 first year annual fee.
NAB Rewards Platinum Card
0% p.a. for 6 months with 2% balance transfer fee
19.99% p.a.
$195 p.a.
Collect 60,000 bonus points when you spend $1,000 within 60 days of account opening. Plus, receive complimentary travel and purchase insurances.
NAB Qantas Rewards Card
0% p.a. for 6 months with 2% balance transfer fee
19.99% p.a.
$95 p.a.
A Visa card that offers 0.5 Qantas points per $1 spent, complimentary purchase protection insurance and up to 44 interest-free days on purchases.
NAB Rewards Classic Card
0% p.a. for 6 months with 2% balance transfer fee
19.99% p.a.
$95 p.a.
Get 30,000 bonus points when you meet the spend requirement, 0.75 NAB Rewards Points per $1 spent and a 0% p.a. balance transfer offer.
NAB Rewards Signature Card
0% p.a. for 6 months with 2% balance transfer fee
19.99% p.a.
$295 p.a.
Receive 90,000 bonus NAB Rewards points, worth over $450 in gift cards or 45,000 Velocity points when you meet the spend requirement.
Westpac Altitude Platinum Card
20.24% p.a.
$0 p.a. annual fee for the first year ($150 p.a. thereafter)
Earn 60,000 bonus Altitude Points when you spend $3,000 within 90 days of card approval. Plus, a $0 first year annual fee.
BankSA Amplify Signature - Qantas
19.49% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Receive 80,000 bonus Qantas Points when you spend $4,000 within 90 days. Plus, a discounted first year annual fee and lounge passes.
BankSA Amplify Platinum - Qantas
19.49% p.a.
$99 p.a.
Receive 50,000 bonus Qantas or Amplify Points when you spend $2,000 within 90 days and earn up to 0.5 Qantas points per $1 spent.
Virgin No Annual Fee Credit Card
6.9% p.a. for 36 months
18.99% p.a.
$0 p.a.
Offers a balance transfer rate of 6.9% p.a. interest for 36 months and up to 44 days interest-free on purchases, all for a $0 annual fee.
NAB Low Fee Platinum Card - Exclusive Offer
0% p.a. for 25 months
19.74% p.a.
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.

Compare up to 4 providers

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.

Sally McMullen

Sally McMullen is an editor at finder.com.au who is a credit cards, frequent flyer and travel money expert by day and music maven by night.

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Important Information*
Citi Platinum Credit Card - Exclusive...

Interest rate

20.99

Annual fee

49*

*$149 p.a. after first year

Virgin Australia Velocity Flyer Card ...

Interest rate

20.74

Annual fee

64*

*$129 p.a. after first year

American Express Westpac Altitude Pla...

Interest rate

20.24

Annual fee

50*

*$249 p.a. after first year

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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.

    • finder 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?

    • finder 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

    • finder 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?

    • finder 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?

    • finder 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.

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