Virgin, St.George, Westpac: We rank the 5 best balance transfer cards
Several credit cards offer 0% interest on your unpaid card balance for up to 24 months.
The best balance transfer credit card offers in July all give you up to 0% interest for around 24 months (and one goes as high as 26). But you will have to pay a balance transfer fee and an annual fee.
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 .
This card not only gives you 0% for 24 months on your credit card debt, it also has a low balance transfer fee of 1% of your balance and a fairly low annual fee of $149.
You can also earn rewards points too.
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's balance transfer offer is the same as the card above: 0% for 24 months with a 1% balance transfer fee and a $149 annual fee.
The main difference is you can earn Velocity Points on your spending (but make sure you focus on paying off that debt, first).
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.
This card (and its identical cousins from Bank of Melbourne and BankSA) gives you a very strong offer: 0% for 24 months with a 2% balance transfer fee and a very low $55 annual fee.
Depending on your balance, this could be one of the cheapest balance transfer offers around.
4. Westpac Low Rate Card
The Westpac Low Rate Card has a balance transfer Finder Score of 9.48.
This card gives you a similar, affordable balance transfer deal. That's 0% for 24 months with a 2% balance transfer fee and a $59 annual fee.
5. ANZ Low Rate Card
The ANZ Low Rate Credit Card has a Finder Score of 9.9 in the balance transfer category.
ANZ's Low Rate Card has the market's longest balance transfer offer of 26 months. But the balance transfer fee is a little higher at 3%.
The card's annual fee is $0 in the first year and $58 after that, which is very cheap.
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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