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Woolworths Credit Cards Balance Transfer

Looking for a way out of debt? Consider a balance transfer with Woolworths.

If you feel as though you are buried in debt with no way out, then it might be worth looking into a Woolworths balance transfer. With a promotional low rate period, a balance transfer could help you repay your debt faster.

Compare some of the features, benefits and conditions and improve your chances of approval with our step-by-step guide to the application process.

Rates last updated June 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
Woolworths Everyday Platinum Credit Card
0% p.a. for 14 months
19.99% p.a.
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
Woolworths Qantas Platinum Credit Card
0% p.a. for 14 months
20.49% p.a.
$99 p.a. annual fee for the first year ($169 p.a. thereafter)
Enjoy a 0% p.a. balance transfer offer for 14 months and a $99 first year annual fee.

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Rates last updated June 24th, 2018
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
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.
HSBC Platinum Credit Card
0% p.a. for 22 months with 2% balance transfer fee
19.99% p.a.
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
Offers a 0% p.a. for 22 months balance transfer, $0 annual fee for the first year and an annual fee refund each year when you spend $6,000.
St.George Vertigo Platinum - Online Offer
0% p.a. for 24 months with 1% balance transfer fee
12.74% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits including complimentary insurance, plus first year annual fee waiver and 0% p.a. for 24 months on balance transfers.
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 Velocity Points in the first 3 months and enjoy a discounted annual fee of $64 for the first year.
HSBC Low Rate Credit Card
0% p.a. for 20 months with 2% balance transfer fee
13.25% p.a.
$79 p.a.
Receive up to 20 months interest-free on balance transfers with a 2% BT fee. Also enjoy exclusive offers with the home&Away Privilege Program.
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.
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.
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)
Take advantage of 0% p.a. on balance transfers for up to 18 months. $64 in the first year ($129 p.a. thereafter), plus, bonus Velocity Points.
NAB Low Fee Card
0% p.a. for 18 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Receive complimentary purchase protection insurance, a 18 month balance transfer offer and special offers from Visa Entertainment.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Offers a discounted annual fee, $100 cashback when you meet the spend requirement and 0% p.a. for 14 months on balance transfers.

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What is a balance transfer?

A balance transfer involves transferring an outstanding debt on a high interest credit card to a credit card offering a promotional low interest period. The promotional period gives you a set amount of time to make a dent in your debt or clear your debt completely. The low rate will then revert to a higher rate once the promotional offer ends.

What are the benefits of completing a balance transfer with Woolworths?

  • Save time and money. By completing a balance transfer with Woolworths, you can repay your debt faster and pay less interest than you would have if you stayed on the high interest card.
  • Repay your debt. The aim of the balance transfer is to have your debt paid before the promotional period ends. By knowing the time period you have available as well as the amount you need to repay, you can create a realistic budget you can stick to.
  • Easy to apply. The application form will typically take you no more than 10-15 minutes to complete. If approved, you should have your credit card and be ready to consolidate your debt within two weeks.

Before going ahead, what are other things to consider?

  • Credit card limit. When applying for your credit limit, keep in mind that you must have $500 remaining in your available credit limit after your debt has been transferred.
  • Credit card. Woolworths offers two balance transfer credit cards: an Everyday Platinum Card and a Qantas Platinum Card. As you shouldn’t be using your card for purchases and you points cannot be earned on balance transfers, this is something you’ll want to consider when comparing your options.
  • Where can I balance transfer from? You can transfer your balance from any non-Woolworths or non-Macquarie credit card.

How to apply for a Woolworths balance transfer

Before you start the application process, have a pay slip, a bank statement and your driver’s licence number handy and take note of the following eligibility requirements:

  • Be a permanent Australian resident
  • Be at least 18 years of age
  • Earn a minimum annual taxable income of $20,000
  • Have a good credit history

The application process

    1. Select the card you wish to apply for and begin the application process. Once you’ve compared your options and decided on a credit card, you can begin your application. Click the green ‘Go to site’ button to be redirected to the Woolworths credit card application process.woolworths-balance-transfer-guide-step-1
    2. Credit card. Provide your name and choose your preferred credit limit or apply for the maximum credit limit.woolworths-balance-transfer-guide-step-2
    3. About you. In this section, you will need to provide a detailed outline of your personal circumstances.

      woolworths-balance-transfer-guide-step-3

    4. Financial details. A recent pay slip and bank statement will help you answer the following questions.

      woolworths-balance-transfer-guide-step-4

    5. Balance transfer. To apply for a balance transfer, you’ll need to provide your credit card number, transfer amount and the name of the credit card issuer.woolworths-balance-transfer-guide-step-5
    6. Additional cardholder. You can nominate an additional cardholder by selecting yes and providing their details.woolworths-balance-transfer-guide-step-6
    7. Review and confirm. Ensure all the details you’ve provided are correct. Read the terms and conditions before submitting your application.woolworths-balance-transfer-guide-step-7
    8. Application submitted. Congratulations, you’ve submitted your application! You’ll need to upload a file verifying your income before your application can be processed.woolworths-balance-transfer-guide-step-8
    9. Consolidate your debt. If your application is successful, you’ll receive your credit card in 1-2weeks. Once you’ve activated your card, you can consolidate your debt and start your journey towards freedom from credit card debt.
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HSBC Platinum Credit Card
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