Money Hack: Get a longer 0% balance transfer deal

Sally McMullen 1 November 2017 NEWS

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Clear your credit card debt with no interest for 24 months and pay no balance transfer fee with the NAB Premium credit card.

With Christmas coming up, your credit card spending is likely to skyrocket over the next few months. If you’re already struggling to repay an existing debt, it might be time to move it over to a credit card with 0% on balance transfers. This way you can clear your debt faster without the additional burden of interest for a promotional period.

While there are plenty of 0% balance transfer offers on the market, we’ve worked hard to score finder users a better deal with an exclusive offer from NAB.

The hack

If you apply for the NAB Premium Card offer via finder, you’ll get 24 months interest-free on your transferred debt with no balance transfer fee. That’s two years to clear your debt without the additional burden of interest!

If you applied for this same card anywhere else, you’d only get 0% for 20 months and you’d be charged a 2% balance transfer fee. So this exclusive offer gives you more bang for your buck with a longer interest-free period and no BT fee. This is a limited time offer, so make sure you apply by 12 November 2017 if you want the longer balance transfer promotion.

If you’re unable to pay off your entire balance by the end of the promotional period, any remaining debts will collect the cash advance rate of 21.74% p.a. So you’ll get the best value if you pay off your entire balance before this kicks in. The card also comes with an annual fee of $90 p.a., so you should make sure that the interest savings from the 0% balance transfer outweigh this cost at the very least.

Although this exclusive NAB Premium Card offer boasts one of the longest interest-free offers on the market at the moment with no balance transfer fee, you should compare your options before you apply. You can use the finder balance transfer guide to check out some of the other 0% offers available on the market.

finder money hacks is a bi-weekly roundup of the latest tips and tricks to improve your finances. Check back every Wednesday and Saturday for new hacks.

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