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What rate does my balance transfer revert to?

Interest-free balance transfer can be a useful way to clear your debt, but what happens when the promotional offer ends and the revert rate kicks in?

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If you're carrying a debt that's collecting high interest, a balance transfer credit card with a promotional offer can be a great way to repay your debt without the cost of interest. But what happens when the balance transfer offer expires on your card? If you still have debt from your balance transfer, it will be charged interest at a higher, revert rate.

What will my balance transfer rate revert to?

Depending on your card issuer, your promotional balance transfer rate will revert to one of the following: the standard balance transfer rate, the purchase rate or the cash advance rate. You can see which revert rate your card issuer applies to balance transfers in the table below.

Credit card issuersReverts back toMaximum balance transfer amountMinimum Balance Transfer Amount
ANZStandard balance transfer rate95% of the approved credit limit$100
Bank of MelbourneCash advance rate80% of the available credit limit$200
Bank of QueenslandCash advance rate80% of your credit limit$500
BankSACash advance rate80% of the available credit limit on your new BankSA credit card$200
BankwestStandard balance transfer rate95% of the approved credit limit$500
CBACash advance rate90% of the approved credit limit$500
CitiCash advance rateYou can transfer up to 80% of your approved credit limit$500
ColesCash advance rate80% of your approved credit limit$500
Community FirstStandard balance transfer rateAll or part of the outstanding balance and/or limit of your existing credit card$500
CUACash advance rate80% of your credit limit$250
HSBCCash advance rate90%$500
Macquarie Bank

Standard variable interest rate for purchases

Subject to your available credit limit$500
NABCash advance rateMaximum balance transfer of 90% of the approved credit limit. For example, if you had a $1,000 credit limit on your new card, you'd be able to transfer a maximum of $900 from another credit card.$200
St.GeorgeCash advance rate80% of the approved credit limit$200
SuncorpCash advance rate of your credit limit$500
VirginCash advance rate80% of the approved credit limit$500
WestpacCash advance rate80% of the approved credit limit$200

When will I have to pay the revert rate?

The revert rate applies to your balance transfer debt at the end of the introductory period – which is usually between 6 and 26 months, depending on the balance transfer offer. Any unpaid debt left at the end of this period will accrue interest at the revert rate straight away. The interest charges will then be added to your account at the end of the statement period.

If you still have a lot of debt remaining after the 0% p.a. balance transfer period, the revert rate could quickly add to your card's balance. So always make sure to check what the revert rate is and when it will kick in before applying for a balance transfer credit card. You can find this information within the Product Disclosure Statement relevant to your card. Once you've worked this out, consider how much debt you have, the length of the promotional offer and how much you'll have to pay to consolidate the entire debt before the revert rate applies.

Compare 0% balance transfer credit cards by the revert rate

Data indicated here is updated regularly
$
% p.a.
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
BankVic Qantas Visa Credit Card
6.99% p.a. for 6 months
6.99% for 6 months, reverts to 16.95% p.a.
$0
Save with a $0 annual fee for life and 6.99% introductory rate on balance transfers. Plus, enjoy uncapped Qantas Points earning potential.
Qudos Bank Visa Platinum Credit Card
4.99% p.a. for 5 months
4.99% for 5 months, reverts to 18.99% p.a.
$249
Receive a complimentary Qantas Frequent Flyer membership and earn from 1 Qantas Points per $1 spent.
Jetstar Credit Card
0% p.a. for 14 months
19.99% p.a.
$0 annual fee for the first year ($29 p.a. thereafter)
Receive a $250 Travel Voucher and save with a $0 first-year annual fee and 0% balance transfer offer for 14 months.
Beyond Bank Low Rate Visa Credit Card
0% p.a. for 12 months
12.49% p.a.
$49
Receive up to 62 days interest-free on purchases, the ability to use Visa payWave and up to 4 additional cardholders at no extra cost.
Macquarie RateSaver Card
0% p.a. for 14 months
15.95% p.a.
$69
Receive up to 55 days interest-free on purchases, a 0% p.a. for 14 month balance transfer offer and exclusive offers from Visa Entertainment.
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Data indicated here is updated regularly
$
% p.a.
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
Westpac Low Rate Card
0% p.a. for 20 months with 1% balance transfer fee
13.74% p.a.
$59
A low rate card offering 0% p.a. interest on balance transfers for the first 20 months and a $200 cashback offer.
Citi Rewards Card - Balance Transfer Offer
0% p.a. for 30 months with 1.5% balance transfer fee
21.49% p.a.
$0 annual fee for the first year ($199 p.a. thereafter)
Save with 0% interest on balance transfers for the first 30 months (with a 1.5% BT fee) and a $0 annual fee for the first year.
Coles No Annual Fee Mastercard - Exclusive Offer
0% p.a. for 12 months
0% for 12 months, reverts to 19.99% p.a.
$0
Finder Exclusive. Ends 29 October 2020
Save on new and existing interest charges with 0% interest on both balance transfers and purchases for the first 12 months.
Virgin Money No Annual Fee Credit Card
0% p.a. for 12 months
0% for 12 months, reverts to 18.99% p.a.
$0
Save with an ongoing $0 annual fee and 0% p.a. on balance transfers and purchases for 12 months.
Westpac Altitude Platinum Qantas
0% p.a. for 18 months with 1% balance transfer fee
20.49% p.a.
$99 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.
Westpac Altitude Platinum Card
0% p.a. for 18 months with 1% balance transfer fee
20.49% p.a.
$99 annual fee for the first year ($150 p.a. thereafter)
Earn 80,000 bonus Altitude Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 22 months
20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 22 months on balance transfers and a reduced first-year annual fee. Plus, earn up to 30,000 bonus Velocity Points.
St.George Vertigo Classic
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Get 0% p.a. promotional purchase and balance transfer rates and save with a first-year annual fee waiver.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 6 months
0% for 14 months, reverts to 20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Enjoy 0% p.a. interest on purchases for 14 months, a reduced first-year annual fee and Velocity Points per $1 spent.
Coles Rewards Mastercard - Exclusive Offer
0% p.a. for 18 months with 1.5% balance transfer fee
19.99% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Finder Exclusive. Ends 29 October 2020
Save with $100 off a Coles Supermarket shop and a $0 first-year annual fee. Plus, 0% p.a. on balance transfers for 18 months (1.5% fee applies).
Coles Low Rate Mastercard - Exclusive Offer
0% p.a. for 6 months
12.99% p.a.
$58
Finder Exclusive. Ends 29 October 2020
Receive $100 off a Coles Supermarket shop when you make an eligible purchase within the first 30 days. Plus, a 0% balance transfer offer.
NAB Low Rate Credit Card
0% p.a. for 20 months with 2% balance transfer fee
12.99% p.a.
$59
Get a 0% p.a. interest rate for 20 months on balance transfers, Visa Offers + Perks and a competitive $59 ongoing annual fee.
Citi Rewards Card - $500 Voucher Offer
0% p.a. for 12 months
21.49% p.a.
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
BankSA Vertigo
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Enjoy a 0% p.a. for up to 22 months on balance transfers and up to 7 months on purchases. Plus, $0 first-year annual fee.
St.George Amplify Signature
0% p.a. for 6 months
19.74% p.a.
$139 annual fee for the first year ($279 p.a. thereafter)
Up to 200,000 bonus points (130k in the first year & 70k in the second year) when you spend $12k/year for the first 2 years.
Bank of Melbourne Amplify Platinum - Qantas
0% p.a. for 15 months with 1% balance transfer fee
19.74% p.a.
$99
Receive 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months and earn up to 0.5 Qantas Points per $1 spent.
BankSA No Annual Fee
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0
Offers 0% p.a. on balance transfers for 12 months, up to 55 days interest-free on purchases and an ongoing $0 annual fee.
St.George No Annual Fee
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$0
Receive up to 55 days interest-free on purchases, a low minimum credit limit of $500 and a long-term balance transfer offer.
Bank of Melbourne Vertigo Classic
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Save with 0% p.a. for 7 months on purchases, 0% p.a. interest for 22 months on balance transfers and a $0 first-year annual fee.
St.George Amplify Platinum - Qantas
0% p.a. for 15 months with 1% balance transfer fee
19.74% p.a.
$99
Earn 70,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months and complimentary insurance covers.
St.George Amplify Platinum
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 19.74% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.
Bank of Melbourne Amplify Platinum
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 19.74% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Enjoy 0% p.a. on purchases and balance transfers along with a $0 first year annual fee waiver.
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10 Responses

  1. Default Gravatar
    mariaFebruary 23, 2016

    can i receive an international transfer from overseas into my credit card

    • Avatarfinder Customer Care
      JonathanFebruary 23, 2016Staff

      Hi Maria, thanks for your inquiry!

      Generally money transfers to credit card accounts are permitted. It would be best to double check with your card issuer in case so the transfer does not bounce back.

      Cheers,

      Jonathan

  2. Default Gravatar
    SamanthaApril 15, 2014

    Are there any cards out there with no credit checks with over drafts or cash advances that people on Centrelink can apply for instant approval?

    • Avatarfinder Customer Care
      JacobApril 15, 2014Staff

      Hi, Samantha.

      Thanks for your question.

      Everybody who applies for a credit card must undergo a credit check as part of the application process. It’s also a requirement that the applicant has a good credit rating.

      Have a look at our page on your credit file for information about ordering a copy of your credit report.

      Having said this, people on Centrelink benefits can still apply for a credit card, the important thing is that the applicant meets the minimum eligibility requirements, you can find these criteria set out at the bottom of our review and application pages.

      I hope this helps.

  3. Default Gravatar
    ReneeJuly 15, 2013

    I noted that with an ANZ balance transfer you are only able to transfer 95% of the approved credit limit of you old card. What happens if your balance on that card is just over 95%? Can it still be approved for transfer of 95% of it? Or does the balance need to be less than that so the old card/account can be closed after the balance transfer has been processed?

    • Avatarfinder Customer Care
      JacobJuly 15, 2013Staff

      Hi Renee. Thanks for your question. Yes, ANZ will only allow you to transfer up to 95% of your approved credit limit. If you still have funds on your old card, that’s O.K. You don’t need to close your old account to carry out a balance transfer. I hope this helps. Jacob.

    • Default Gravatar
      ReneeJuly 15, 2013

      Thanks Jacob. Would it assist my application if I was to elect to close my old card account though?

    • Avatarfinder Customer Care
      JacobJuly 15, 2013Staff

      Hi Renee. I’m unaware whether electing to close your old credit card will have any bearing on your application. I am inclined to say no as most credit card applications do not ask for this information. I hope this helps. Jacob.

  4. Default Gravatar
    JoshJune 3, 2013

    Why are cash advance rates and balance transfer rates different to normal rates?

    • Avatarfinder Customer Care
      JacobJune 3, 2013Staff

      Hi Josh. Thanks for your question. There are number of different interest rates you will get charged when you use a credit card. The first and most common is the annual rate of interest on purchases. This is how much you will be charged when you use the card to make a purchase. Then there is the cash advance rate, this is the annual rate of interest you’re charged when you make a cash withdrawal or other cash related transaction. There’s also the annual interest rate for balances transfer to the card. This is usually a low rate for a set period of time, after which, any unpaid balance bought to the card under a balance transfer promotion will be charged at the cash advance or purchase rate of interest (depending on the card). Let us know if there’s anything else you would like to know about this. Jacob.

Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Coles No Annual Fee Mastercard - Exclusive Offer
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$0
Finder Exclusive. Ends 29 October 2020
Save on new and existing interest charges with 0% interest on both balance transfers and purchases for the first 12 months.
ANZ Low Rate
12.49% p.a.
0% p.a. for 25 months with 1.5% balance transfer fee
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 25 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Qantas American Express Premium Card
20.74% p.a.
$249
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
0% p.a. for 12 months
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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