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No Annual Fee 0% Balance Transfer Credit Card

Information verified correct on April 30th, 2017

There is an excellent method of lowering the costs of your credit card debts that will make it easier to pay off your credit card balance. It is called a no annual fee 0% balance transfer card.

The way such a card works is very simple. When you get approved for the card you get the option of transferring a balance from an existing credit card to the new card. Once the balance is on the new card an annual cost will be charged on it. Many of these cards also give you several months of 0% interest (no interest) on the balance you transfer.

This will reduce the cost of your credit card balance and make it easier to pay off your credit card bill. Something to be aware of is that the interest rate of 0% and annual fee free deals usually don't apply to purchases you make with the new card. They only apply to balances that you transfer.

Some other benefits of no annual fee 0% balance transfer cards

Many no annual fee 0% balance transfer cards come with other benefits as well. This makes these cards a tremendous deal for those with traditional cards with an outstanding debt. Anybody with a credit card and a balance should consider switching to one of these cards.

Many of these cards feature no annual charge for the life of the card. This means that you will never be charged an annual fee as long as you have the card.

Another really good benefit is non interest on purchases for the first 55 days you have the card. This can enable you to save money because you can pay off the balance with no interest.

A way to increase your purchasing power is get a balance transfer card that gives you points. Frequent flyer cards for example allow a person to accumulate points that can reduce the cost of flying on specific airlines. There are also cards that enable a person to get discounts at specific retailers.

How to get an annual fee free transfer card

To get a $0 annual fee charge card you will have to have a good credit rating.

These cards are generally not available to those with bad credit ratings. It is usually a good idea to check your credit rating to make sure you qualify before applying for such a deal.

A person will also generally have to have other credit cards with a balance on them to get these deals. It might be a better offer for a person with a small balance on an existing card to simply pay it off rather than get one of these.

To get an annual fee free 0% transfer account from an Australian bank you will have to be a permanent resident of Australia. Many of the card providers have income restrictions on these cards.

A person will generally have to make a make a minimum of $20,000 a year to qualify for such an offer, and you will normally have to provide proof of income in order to meet the income qualifications.

Compare no annual fee balance transfer credit cards

Rates last updated April 30th, 2017.

ANZ Platinum Credit Card

Balance transfer period changed from 18 months to 16 months.

January 18th, 2017

Bank of Melbourne Amplify Platinum

Balance transfer offer has been changed to 0% p.a. for 12 months and is valid until 1 May 2017.

February 21st, 2017

American Express Platinum Edge Credit Card

First year annual fee waiver, 0% balance transfer and 5,000 bonus points offers have been extended.

March 28th, 2017

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Essential®  Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
Qantas American Express Discovery Card
Earn 1 point per $1 spent plus enjoy 0% p.a. on balance transfers for 12 months, all for a $0 annual fee.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
Bank of Melbourne Amplify Platinum
Enjoy introductory offers on purchases and balance transfers with a sign up bonus points of 30,000 on eligible spend.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 12 months $99 p.a. Go to site More info
Citi Simplicity Card
Take advantage of the 0% p.a. for 15 months offer on balance transfers, a low interest rate on purchases, an annual fee waiver for life, plus 5% cash back on retail purchases.
19.99% p.a. 0% p.a. for 15 months with 1.5% balance transfer fee $0 p.a. Go to site More info
ANZ Platinum Credit Card
Enjoy platinum card benefits with $0 annual fee in the first year and complimentary overseas travel and medical insurance.
19.74% p.a. 0% p.a. for 16 months with 2% balance transfer fee $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
American Express Platinum Edge Credit Card
Receive 5,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy a $200 travel credit every year and pay no annual fee for the first year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
Woolworths Everyday Platinum Credit Card
Receive a $100 eGift Card when you apply by 30 June 2017 and make an eligible purchase by 31 July 2017. Also, enjoy a long-term balance transfer offer and an annual fee waiver for the first year.
19.99% p.a. 0% p.a. for 14 months $0 p.a. annual fee for the first year ($49 p.a. thereafter) Go to site More info
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