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St.George balance transfer guide

Want to save money and clear your credit card debt with a St.George balance transfer? Here's what you need to know.

St.George offers a number of balance transfer credit cards that come with low or 0% interest for a promotional period. If you transfer your existing debt, or debts, to one of these cards, you can save money on interest charges and pay off what you owe faster. If you're considering a balance transfer with St.George, you can use this guide to compare current offers and learn the steps you need to take to complete your balance transfer.

St.George Credit Card Online Offer

St.George Vertigo Platinum - Online Offer

0% p.a. for 25 months on balance transfers

Offer ends 2 October 2018

Eligibility criteria, terms and conditions, fees and charges apply

St.George Credit Card Online Offer

The St.George Vertigo Platinum credit card offers a long-term 0% balance transfer with no balance transfer fee when you apply online, combined with a low interest rate on purchases.

  • $99 p.a. annual fee.
  • 12.74% p.a. on purchases
  • Cash advance rate of 19.49% p.a.
  • Up to 55 days interest free
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Compare balance transfer credit cards from St.George

Rates last updated September 24th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 25 months
$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.
St.George Vertigo Visa
13.74% p.a.
0% p.a. for 16 months
$55 p.a.
Get 0% p.a. interest for up to 16 months on balance transfers with no BT fee. Plus, a competitively low annual fee and purchase rate.
St.George Amplify Card
19.49% p.a.
3% p.a. for 36 months
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Take advantage of 3% p.a. interest on balance transfers for 36 months. Plus, a $0 first year annual fee and Amplify or Qantas Points per $1 spent.
St.George Rainbow Vertigo Platinum Card
12.74% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$99 p.a.
Available for a limited time, all the platinum features of the Vertigo Platinum Visa with a rainbow design in support of the LGBT community.
St.George Rainbow Vertigo Visa
13.74% p.a.
0% p.a. for 16 months
$55 p.a.
Available for a limited time, all the great low cost features of the Vertigo Visa with a rainbow design in support of the LGBT community.

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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.
Citi Simplicity Card
0% p.a. for 15 months with 1.5% balance transfer fee
19.99% p.a.
$0 p.a.
Save with 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from approval. Plus, a 15 month balance transfer offer.
St.George Vertigo Visa
0% p.a. for 16 months
13.74% p.a.
$55 p.a.
Get 0% p.a. interest for up to 16 months on balance transfers with no BT fee. Plus, a competitively low annual fee and purchase rate.
Citi Clear Platinum - Exclusive Offer
0% p.a. for 24 months with 1.5% balance transfer fee
14.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Ends 30 September 2018 Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
Westpac Low Rate Card
0% p.a. for 24 months with 1% balance transfer fee
13.49% p.a.
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
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.
NAB Low Fee Platinum Card
0% p.a. for 24 months with 2% balance transfer fee
19.74% p.a.
$90 p.a.
Offers 7 complimentary insurance covers, a 0% p.a. for 24 month balance transfer and access to a 24/7 concierge service for a $90 p.a. annual fee.

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What you'll find in this guide

What are the benefits of doing a balance transfer with St.George?

Some of the benefits you could enjoy from a St.George balance transfer include the following:

  • Save on interest costs. Low or 0% introductory interest rates available with St.George balance transfer credit cards allow you to save money on interest charges while you pay off your debt. Interest-free offers can sometimes last up to 25 months. You can compare the current balance transfer offers from St.George in the table above.
  • Consolidate multiple debts. If you have more than one credit card debt, you can consolidate up to three debts under one account when you transfer them to your new St.George card. Then you can manage both debts in the one account and pay them both off with a low or 0% interest rate.
  • Pay off debt faster. With low or no interest charges during the introductory period, you should be able to clear your debt faster. The low rate will only apply for a promotional period, so it's important to clear your debt before it ends and the revert rate is applied.
  • Simple application process. The application process for a St.George balance transfer credit card is relatively simple and shouldn’t take more than 15 minutes online. You can view a step-by-step guide to the application process below.

What are the risks of organising a balance transfer with St.George?

Like any other credit card, there are some risks attached to transferring your balance to a St.George card.

  • Revert interest rate

    If you’re unable to repay the entire debt during the 0% promotional period, any leftover debt will collect the variable cash advance interest rate. While the introductory rate is usually 0%, the St.George revert cash advance rate can be as high as 20.24% p.a. This is why it’s so important to aim to pay your balance in full before the revert rate kicks in, as your debt could quickly grow with an interest rate this high.

  • Impact on your credit score

    As with any new card application, a balance transfer could harm your credit score if your application is rejected. It could also have a negative impact on your credit score if you’re unable to pay it off in full, start collecting interest and grow your debt. However, if you pay off your balance transfer in full during the promotional period, this could also have a positive impact on your credit score.

What rates and features should I consider when choosing an offer?

  • Introductory interest rate and offer length. A 0% balance transfer from St.George can last for 12 to 25 months. New cardholders can also get 3% p.a. for 36 months with a St.George Amplify Card. You can enter your debt amount and the current rate you’re paying in the table above, and compare it against St.George credit cards that offer the biggest savings.
  • The revert rate. All St.George credit cards revert to the cash advance rate at the end of the introductory period. The St.George Vertigo Platinum and St.George Vertigo Visa revert to 19.49% p.a. The St.George Amplify card reverts to 20.24% p.a. and the St.George No Annual Fee reverts to 20.49% p.a. at the end of the interest-free period.
  • Balance transfer fee. When you first move your balance to a new St.George card a one-time balance transfer fee of 1% is charged for some cards.
  • Annual fee. A few St.George cards boast a $0 annual fee for the first year or for the life of the card, but others have annual fees as high as $99. You should make sure the annual fee doesn’t outbalance the savings you’ll get the interest-free offer.
  • Eligible debts to transfer. You can transfer debts from up to three non-St.George issued credit, charge or store cards to a new St.George credit card. You usually can’t transfer balances between cards from the same bank. As they’re all under the Westpac Group, this means you can’t transfer debts from BankSA and Bank of Melbourne to St.George. However, you can transfer balances from Westpac. You can compare which cards you can and can’t transfer for more information.
  • How much you can transfer. You can transfer up to 80% of your approved credit limit. So if you’re approved for a $20,000 credit limit, you can move up to $16,000. If you try to transfer more than the 80% limit, the remaining debt will stay in your old account and continue to collect interest. Read our guide to balance transfer limits for more information.

Can I transfer my debt to an existing St.George credit card?

If you already have a St.George credit card, you can transfer up to two non-St.George Australian issued credit, charge or store cards to your existing card. If you do this, you can take advantage of a promotional interest rate of 2.99% p.a. for 12 months. The cash advance interest rate will apply after this. You can compare other card issuers that offer balance transfers to existing cards on finder.

What else do I need to know?

As well as the rates and major features, here are some terms and conditions you should also consider before you apply:

  • Eligibility requirements. As with all credit products, you’ll need to meet eligibility requirements, such as credit history, residential status and minimum annual income, to receive approval for a St.George credit card. A rejected credit card application negatively impacts your credit score, so it’s important to check the card’s specific requirements before you apply.
  • Closing your old account. If you apply for a card and are approved, it can take up to a week for your balance transfer to process. Once completed, it’s your responsibility to contact your old bank and close your account. If you don’t, you’ll continue to be charged any account maintenance fees, such as annual fees, that are attached to your old card.
  • Making repayments. You’re required to pay a minimum repayment of 2% of the closing balance or $10, whichever is higher, each month. If you want to clear your debt before the end of the introductory period, it’s wise to pay more than the minimum each month. If you divide the size of your balance by the number of months in the 0% promotional period, you’ll get an idea of how much you need to pay each month to clear your balance before the revert rate applies.
  • Repayment allocation. The bank is obligated to put your repayments towards the highest-interest debt first. If you use your card to make a purchase while you’re also paying off your balance transfer, your repayments will automatically go to paying off your purchase first because it collects a higher interest rate. If you want to make the most of your balance transfer offer, you should avoid making purchases and put your money towards paying off your original debt.
  • Interest-free days. If you are using your card to make purchases, you can’t take advantage of interest-free days while you’re paying off debt from your balance transfer. This is because you can’t only make use of interest-free days if you’ve paid your balance in full by the statement due date.

St.George offers a bunch of competitive 0% balance transfer credit cards. As it isn’t the only card issuer with interest-free balance transfers, you should make sure to compare other options before you apply.

Image: Shutterstock

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Sally McMullen

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

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Credit Card Offers

Important Information*
Citi Clear Platinum Credit Card

Interest rate

12.99

Annual fee

0*

*$99 p.a. after first year

Westpac Altitude Platinum Card - Qantas

Interest rate

20.24

Annual fee

50*

*$200 p.a. after first year

ANZ Low Rate

Interest rate

12.49

Annual fee

58

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