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?
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 issuers||Reverts back to||Maximum balance transfer amount||Minimum Balance Transfer Amount|
|ANZ||Standard balance transfer rate||95% of the approved credit limit||$100|
|Bank of Melbourne||Cash advance rate||80% of the available credit limit||$200|
|Bank of Queensland||Cash advance rate||80% of your credit limit||$500|
|BankSA||Cash advance rate||80% of the available credit limit on your new BankSA credit card||$200|
|Bankwest||Standard balance transfer rate||95% of the approved credit limit||$500|
|CBA||Cash advance rate||90% of the approved credit limit||$500|
|Citi||Cash advance rate||You can transfer up to 80% of your approved credit limit||$500|
|Coles||Cash advance rate||80% of your approved credit limit||$500|
|Community First||Standard balance transfer rate||All or part of the outstanding balance and/or limit of your existing credit card||$500|
|CUA||Cash advance rate||80% of your credit limit||$250|
|HSBC||Cash advance rate||90%||$500|
Standard variable interest rate for purchases
|Subject to your available credit limit||$500|
|NAB||Cash advance rate||Maximum 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.George||Cash advance rate||80% of the approved credit limit||$200|
|Suncorp||Cash advance rate||80% of your credit limit||$500|
|Virgin||Cash advance rate||80% of the approved credit limit||$500|
|Westpac||Cash advance rate||80% 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
Back to top
Ask an Expert
Credit Cards Comparison
* 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.