No fee balance transfer credit cards

Pay off your credit card debt without any interest or extra balance transfer fees.

A balance transfer credit card can be a useful tool to clear your credit card debt without paying any interest for an introductory period. But even if you’re not paying any interest, your balance transfer credit card may come with other charges. A common cost includes the balance transfer fee, which is a percentage-based fee of around 1% to 3% of the amount you’re transferring. This is charged when you first move your balance and it can eat into your overall savings.

You can use this guide to compare cards that don’t charge a balance transfer fee and to learn about the other costs you should try to avoid when you’re using a balance transfer credit card.

Comparison of credit cards with no balance transfer fee

Rates last updated September 24th, 2018
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
Citi Clear Platinum Credit Card
0% p.a. for 14 months
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
St.George Vertigo Platinum - Online Offer
0% p.a. for 25 months
12.74% p.a.
$99 p.a.
Save with 0% p.a. interest for up to 25 months on balance transfers with no BT fee. Plus, platinum perks, including overseas travel insurance.
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.
Suncorp Clear Options Platinum Credit Card - Exclusive Offer
0% p.a. for 18 months
20.74% p.a.
$99 p.a. annual fee for the first year ($129 p.a. thereafter)
finder Exclusive: Ends 30 September 2018 Receive a long 18-month, 0% p.a., no fee balance transfer and earn Suncorp Rewards Points or Qantas Points per $1 spent.
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 with a $64 first year annual fee. Plus, the chance to win 1 million Velocity Points.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Offers a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and 0% p.a. for 14 months on balance transfers.
Qantas Premier Platinum
0% p.a. for 15 months
19.99% p.a.
$299 p.a.
Fly further with 60,000 bonus Qantas points, up to 2 Qantas Points per $1 spent and 2 yearly complimentary Qantas Club lounge invitations.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with $64 first year annual fee and 0% p.a. balance transfer offer. Plus, the chance to earn 1 million Velocity Points. Ends 31 Oct 2018.
Emirates Citi World Mastercard
0% p.a. for 9 months
20.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Receive up to 60,000 bonus Skywards Miles, pay half the annual fee for the first year and indulge in curated local and global experiences.
Citi Platinum Credit Card
0% p.a. for 12 months
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 10,000 monthly bonus reward Points for 20 months (200,000 total), enjoy a 0% p.a. balance transfer offer, plus, a $49 first year annual fee.

Compare up to 4 providers

What other costs should I look out for?

  • Revert rate. At the end of the promotional period, any remaining balances will collect the revert rate. This is usually the standard cash advance or purchase rate, which can be as high as 23% in some cases. You should aim to pay your balance in full before the introductory offer ends to avoid this cost and stop yourself from falling back into debt. You can compare balance transfer cards by the revert rates for more information.
  • Annual fee. If your card doesn’t charge a balance transfer fee, it may charge an annual fee. Depending on the size of your debt, the annual fee could be more expensive than what you’d pay if you opted for a balance transfer card with $0 annual fee that charged a balance transfer fee. This is why it’s important to compare your options to find the card that offers you the biggest savings.
  • Purchase interest rate. Ideally, you shouldn’t use your card to spend while you’re paying off a balance transfer. However, it’s important to consider the purchase interest rate in case you use the card for an emergency. Remember that any repayments will go towards paying off your purchase first, as your card issuer is obligated to pay off the debt with the highest interest rate first.

How else can I compare balance transfer credit cards with no BT fee?

  • Balance transfer interest rate. Most balance transfer credit cards offer 0% for a promotional period. However, you may come across some introductory balance transfer deals with higher interest rates such as 2% for the introductory period. If you pay your debt off in full, you’re likely to save more with a card that charges 0% rather than a low interest rate.
  • Length of introductory period. Interest-free balance transfers typically last for 6 to 24 months or more. It’s important that you choose a balance transfer card that gives you enough time to pay your debt off completely before the revert rate applies and you start collecting interest.
  • Balance transfer limit. While you can transfer up to 100% of the approved credit limit on some cards, others have stricter balance transfer limits. For example, some cards may only allow transfers of up to 80% or 90% of the approved credit limit. For example, if you had an approved credit limit of $10,000 and a 90% transfer limit, you could only transfer a debt of up to $9,000. Make sure that this balance transfer limit can still support your debt so you can move the entire amount to your new card.
  • Eligible banks. There may be restrictions on which credit cards you can transfer your existing balance to. Usually you can’t balance transfer between accounts managed by the same card issuer. So you couldn’t transfer a balance from one Westpac card to another Westpac product for example. See the full list of who you can balance transfer to here.

A 0% balance transfer credit card is designed to help you pay down your debt without the cost of interest, but it’s still important to consider other costs such as the balance transfer fee.

Want more options? Compare other 0% balance transfer credit cards and get your debt under control.

Image: Shutterstock.

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Sally McMullen

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

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Citi Clear Platinum Credit Card

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*$99 p.a. after first year

Westpac Altitude Platinum Card - Qantas

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*$200 p.a. after first year

ANZ Low Rate

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2 Responses

  1. Default Gravatar
    EdSeptember 12, 2017

    Hi, can i do transfer balance with my business credit card account? Thanks

    • finder Customer Care
      JoanneSeptember 12, 2017Staff

      Hi Ed,

      Thanks for reaching out.
      Yes you can do a balance transfer on your business credit card. And you can also click on this link to do a side by side comparison on balance transfer credit cards.


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