Balance transfer deals to slash your card debt: The top 5 offers right now
Pay 0% interest on your credit card balance for up to 24 months and get your debt under control.
A credit card with a balance transfer offer can give you a much needed lifeline to pay off serious credit card debt.
The best offers on the market right now give you around 24 months to repay your debt with 0% interest. But there are some fees you'll have to pay.
All Finder's balance transfer picks are based on their Finder Scores, an objective scoring system based on nothing but data.
1. Virgin Money Anytime Rewards Credit - Balance Transfer Offer
The Virgin Money Anytime Rewards Credit Card - Balance Transfer Offer has a Finder Score of .
Virgin Money's Anytime Rewards Credit Card offers a 0% balance transfer for 24 months with a 1% fee. That's a very strong offer and you won't find a lower balance transfer fee.
The card's annual fee is $149 which is not the cheapest. You pay a bit more here because this card also gives you Virgin Money reward points on your spending.
2. Virgin Australia Velocity Flyer Card - Balance Transfer Offer
The Virgin Australia Velocity Flyer Card - Balance Transfer Offer has a Finder Score of .
The Velocity Flyer Card has the same offer as the Anytime Rewards card: 0% for 24 months with a 1% balance transfer fee and a $149 annual fee.
But this card lets you earn Velocity Points on your spending.
If paying off debt is your focus, points are not something to worry too much about.
Want more options?
Check out balance transfer offers from across the market.
3. St.George Vertigo Card
Once again the St.George Vertigo Card emerges as one of the best balance transfer offers around, with a Finder Score of 8.42.
We're actually looking at 3 cards here: the St.George Vertigo card and Bank of Melbourne and BankSA Vertigo cards.
They're the same offer, with 0% balance transfer rate for 24 months and a balance transfer fee of 2%.
The annual fee on these cards is about as low as you can get at $55. A simple, cheap way to sort your debt.
4. Westpac Low Rate Card
The Westpac Low Rate Card has a Finder Score of 9.48.
The Westpac Low Rate balance transfer offer is almost identical to the Vertigo offer, with a 0% rate for 24 months and a 2% balance transfer fee.
The only real difference is the annual fee is a touch higher at $59.
5. ANZ Low Rate Credit Card
The ANZ Low Rate Card has a balance transfer Finder Score of 9.9.
This offer actually gives you 26 months at 0% interest. It's the longest offer on the market. There's a 3% balance transfer fee, which is higher.
But the annual fee is $0 in the first year, and $58 thereafter. That's a pretty cheap deal and gives you over 2 years to repay your debt.
Details of these cards are correct at time of publication and subject to change. All these cards were identified as the "best" cards using the Finder Score, a data-driven methodology that considers rates, fees and card features.
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