Credit Cards

Compare Balance Transfer Credit Cards

Take the pressure off your debts with a 0% Balance Transfer credit card. Transfer your existing balance and pay little or no interest for up to 12 months, allowing you to repay your credit without building up more in interest.

Balance Transfers
Card Issuer Balance Transfers Purchases Std APR p.a. Annual Fee Apply
Rate Duration Rate Duration
St. George Vertigo St. George Vertigo
**Special offer** 0.99% for 12 months on Balance Transfers only available until 11th April 2012.		 0.99% 12 mths N/A N/A 13.24% $55 Apply > More Info
Bank of Melbourne Vertigo Bank of Melbourne Vertigo
**Special offer** 0.99% p.a. Balance Transfer rate for up to 12 months available until February 29th 2012		 0.99% 12 mths N/A N/A 13.24% $55 Apply > More Info
Westpac Low Rate Card Westpac Low Rate Card
 0% 6 mths 0% 6 mths 13.49% $45 Apply > More Info
ANZ Platinum ANZ Platinum
**Special offer** 6 months 0% on Balance Transfers & Purchases only available until 13 March 2012. 		0% 6 mths 0% 6 mths 19.24% No Annual Fee in 1st Yr, then $87 if spend below $20k Apply > More Info
Citibank Clear Platinum Citibank Clear Platinum
Get complimentary international travel insurance, purchase cover and extended warranty insurance		 2.9% 12 mths N/A N/A 11.99% $99 - $50 off in 1st year = $49 Apply > More Info
Virgin Flyer Card Virgin Flyer Card
Buy 1 seat and get 1 complimentary seat on up to 4 domestic flights per year & Earn Velocity Points		 1.9% 12 mths N/A N/A 20.99% $99 Apply > More Info
HSBC Credit Card HSBC Credit Card
Please note - 2% balance transfer handling fee will apply, this is applied to card on 3rd statement. No Annual Fee for life of the Card. 		0% 6 mths N/A N/A 17.99% Free For Life Apply > More Info
HSBC Platinum Qantas Card HSBC Platinum Qantas Card
Get 20,000 Free Qantas Frequent Flyer points & Qantas Lounge access and membership to the Qantas Frequent Flyer Program (valued at $82.50)		 0% 6 mths N/A N/A 18.99% $199 Apply > More Info
Virgin Low Rate Card Virgin Low Rate Card
 2.9% 9 mths N/A N/A 12.99% $59 Apply > More Info
Westpac 55 Day Classic Card Westpac 55 Day Classic Card
 3.99% 6 mths 0% 5 mths 19.59% No Annual Fee in 1st Yr, then $30 Apply > More Info
St. George Amplify St. George Amplify
Earn Qantas Airmiles or Amplify Reward points		 0.99% 6 mths N/A N/A 18.74% $79 Apply > More Info
Aussie Mastercard Aussie Mastercard
2.99% 12 mths 9.99% 12 mths 13.29% $49 Apply > More Info
St. George Platinum St. George Platinum
 3.99% 6 mths N/A N/A 15.99% $89 Apply > More Info
Bankwest More Card Bankwest More Card
Get BankWest More Rewards program or pay $30 opt-in fee per annum for Qantas Frequent Flyer points		 5.99% 12 mths N/A N/A 19.24% $89 Apply > More Info
Commonwealth Bank Gold Commonwealth Bank Gold
Membership to Commonwealth Awards program & Complimentary International Travel Insurance. 		N/A N/A N/A N/A 20.74% $144 Apply > More Info
Virgin High Flyer Card Virgin High Flyer Card
Get 15,000 bonus Velocity Points when you spend $5000 on your card within the first 3 months. Buy 1 seat and get 1 seat FREE on up to 4 domestic flights per year + Complimentary International Travel Insurance for you and your family		 1.9% 6 mths N/A N/A 20.99% $249 Apply > More Info
Virgin No Annual Fee Card Virgin No Annual Fee Card
 2.9% 6 mths N/A N/A 18.99% Free For Life Apply > More Info

St. George Vertigo

Vertigo

Introductory Offer

Balance Transfer Rate:
0.99% for 12 mths
Balance Transfer Fee:
$0
Purchase Rate:
N/A

Typical APR

Purchases:
13.24% p.a.
Balance Transfers:
13.24% p.a.
Cash Advance:
21.49% p.a.
Annual Fee:
$55

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an income of ,000 or more per year

Bank of Melbourne Vertigo

Vertigo

Introductory Offer

Balance Transfer Rate:
0.99% for 12 mths
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
13.24% p.a.
Balance Transfers:
13.24% p.a.
Cash Advance:
21.49% p.a.
Annual Fee:
$55

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an income of ,000 or more per year

Westpac Low Rate Card

Low Rate Card

Introductory Offer

Balance Transfer Rate:
0% for 6 mths
Balance Transfer Fee:
N/A
Purchase Rate:
0% for 6 mths

Typical APR

Purchases:
13.49% p.a.
Balance Transfers:
13.49% p.a.
Cash Advance:
21.49% p.a.
Annual Fee:
$45

Standard Features

Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia & have an Income of over ,000.pa

ANZ Platinum

Platinum

Introductory Offer

Balance Transfer Rate:
0% for 6 mths
Balance Transfer Fee:
N/A
Purchase Rate:
0% for 6 mths

Typical APR

Purchases:
19.24% p.a.
Balance Transfers:
19.24% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
No Annual Fee in 1st Yr, then $87 if spend below $20k

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over ,000.pa

Citibank Clear Platinum

Clear Platinum

Introductory Offer

Balance Transfer Rate:
2.9% for 12 mths
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
11.99% p.a.
Balance Transfers:
21.74% p.a.
Cash Advance:
21.74% p.a.
Annual Fee:
$99 - $50 off in 1st year = $49

Standard Features

Credit Limit:
,000
Interest Free Days:
55 days
Online Banking:
No

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over ,000.pa
  • You have not applied and been declined for another Citibank product in the last 9 months
  • Please ensure you have your contact details, your employment details and your personal income and expense details ready to make an application

Virgin Flyer Card

Flyer Card

Introductory Offer

Balance Transfer Rate:
1.9% for 12 mths
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
20.99% p.a.
Balance Transfers:
20.99% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
$99

Standard Features

Credit Limit:
,000 - 0,000
Interest Free Days:
44 days
Online Banking:
Yes

Approval Criteria

  • You are over 18 years of age.
  • You have a good credit rating.
  • You have an annual Income of 000 p.a. or more.
  • You are a permanent resident/citizen of Australia
  • You have not applied and been declined for a Citibank product in the last 9 months (Citi is the credit provider and issuer of the Credit Cards)
  • Please ensure you have your contact details, your employment details and your personal income and expense details ready to make an application

HSBC Credit Card

Credit Card

Introductory Offer

Balance Transfer Rate:
0% for 6 mths
Balance Transfer Fee:
$2
Purchase Rate:
N/A

Typical APR

Purchases:
17.99% p.a.
Balance Transfers:
N/A
Cash Advance:
21.99% p.a.
Annual Fee:
Free For Life

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have a Income of over ,000.pa

HSBC Platinum Qantas Card

Platinum Qantas Card

Introductory Offer

Balance Transfer Rate:
0% for 6 mths
Balance Transfer Fee:
$2
Purchase Rate:
N/A

Typical APR

Purchases:
18.99% p.a.
Balance Transfers:
18.99% p.a.
Cash Advance:
21.75% p.a.
Annual Fee:
$199

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
45 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have a Income of over ,000.pa

Virgin Low Rate Card

Low Rate Card

Introductory Offer

Balance Transfer Rate:
2.9% for 9 mths
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
12.99% p.a.
Balance Transfers:
12.99% p.a.
Cash Advance:
21.69% p.a.
Annual Fee:
$59

Standard Features

Credit Limit:
,000 - 0,000
Interest Free Days:
44 days
Online Banking:
Yes

Approval Criteria

  • You are over 18 years of age.
  • You have a good credit rating.
  • You have an annual Income of 000 p.a. or more.
  • You are a permanent resident/citizen of Australia
  • You have not applied and been declined for a Citibank product in the last 9 months (Citi is the credit provider and issuer of the Credit Cards)
  • Please ensure you have your contact details, your employment details and your personal income and expense details ready to make an application

Westpac 55 Day Classic Card

55 Day Classic Card

Introductory Offer

Balance Transfer Rate:
3.99% for 6 mths
Balance Transfer Fee:
N/A
Purchase Rate:
0% for 5 mths

Typical APR

Purchases:
19.59% p.a.
Balance Transfers:
19.59% p.a.
Cash Advance:
21.49% p.a.
Annual Fee:
No Annual Fee in 1st Yr, then $30

Standard Features

Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia & have an Income of over ,000.pa

St. George Amplify

Amplify

Introductory Offer

Balance Transfer Rate:
0.99% for 6 mths
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
18.74% p.a.
Balance Transfers:
18.74% p.a.
Cash Advance:
20.74% p.a.
Annual Fee:
$79

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia

Aussie Mastercard

Mastercard

Introductory Offer

Balance Transfer Rate:
2.99% for 12 mths
Balance Transfer Fee:
N/A
Purchase Rate:
9.99% for 12 mths

Typical APR

Purchases:
13.29% p.a.
Balance Transfers:
13.29% p.a.
Cash Advance:
19.99% p.a.
Annual Fee:
$49

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over ,000.pa
  • If you are NOT permanent resident/citizen of Australia you must have an Income of over ,000.pa

St. George Platinum

Platinum

Introductory Offer

Balance Transfer Rate:
3.99% for 6 mths
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
15.99% p.a.
Balance Transfers:
15.99% p.a.
Cash Advance:
21.49% p.a.
Annual Fee:
$89

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia

Bankwest More Card

More Card

Introductory Offer

Balance Transfer Rate:
5.99% for 12 mths
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
19.24% p.a.
Balance Transfers:
19.24% p.a.
Cash Advance:
20.49% p.a.
Annual Fee:
$89

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Earned Taxable Income of over ,000.pa

Commonwealth Bank Gold

Gold

Introductory Offer

Balance Transfer Rate:
N/A
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
20.74% p.a.
Balance Transfers:
21.74% p.a.
Cash Advance:
21.74% p.a.
Annual Fee:
$144

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over ,000.pa

Virgin High Flyer Card

High Flyer Card

Introductory Offer

Balance Transfer Rate:
1.9% for 6 mths
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
20.99% p.a.
Balance Transfers:
20.99% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
$249

Standard Features

Credit Limit:
,000 - 0,000
Interest Free Days:
44 days
Online Banking:
Yes

Approval Criteria

  • You are over 18 years of age.
  • You have a good credit rating.
  • You have an annual Income of 000 p.a. or more.
  • You are a permanent resident/citizen of Australia
  • You have not applied and been declined for a Citibank product in the last 9 months (Citi is the credit provider and issuer of the Credit Cards)
  • Please ensure you have your contact details, your employment details and your personal income and expense details ready to make an application

Virgin No Annual Fee Card

No Annual Fee Card

Introductory Offer

Balance Transfer Rate:
2.9% for 6 mths
Balance Transfer Fee:
N/A
Purchase Rate:
N/A

Typical APR

Purchases:
18.99% p.a.
Balance Transfers:
20.99% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
Free For Life

Standard Features

Credit Limit:
,000 - ,000
Interest Free Days:
44 days
Online Banking:
Yes

Approval Criteria

  • You are over 18 years of age.
  • You have a good credit rating.
  • You have an annual Income of 000 p.a. or more.
  • You are a permanent resident/citizen of Australia
  • You have not applied and been declined for a Citibank product in the last 9 months (Citi is the credit provider and issuer of the Credit Cards)
  • Please ensure you have your contact details, your employment details and your personal income and expense details ready to make an application

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Balance Transfer Credit Cards Explained

What are balance transfer credit cards?

Credit card companies offer a range of features that are designed to attract new customers. A number of providers offer 0% balance transfers, which allows money owed on other credit or store cards to be transferred to a new card with a low rate of interest (even 0%). This gives you time to pay off your debts without allowing them to spiral out of control through high interest payments.

What kind of offers can I expect to find with balance transfer credit cards?

Many of today's providers offer 0% interest on balance transfers for up to 6 months, allowing debts to be transferred over with no interest paid for the allotted period. Some people 'surf' the 0% cards, transferring their debt from one credit card to another when each interest-free period expires. Most credit cards that offer this feature are subject to an annual fee that is paid upon opening the account.

If you do not plan to 'surf' or 'chase' the 0% rates then you must always be aware of the standard APR offered after the introductory period. Any balances remaining after this point will be charged at this rate.

What should I be aware of with balance transfer credit cards?

Some providers offer balance transfer credit cards that charge no annual fee, but these often come at the expense of other useful perks, like interest free days, for example. This means that you are likely to pay the standard interest rate on any purchases you make, without an interest-free period.

Providers will always supply clear instructions of the rules and regulations that apply to a balance transfer card on application. Make sure you read the documentation before applying for a card to ensure you fully understand the terms and conditions.

Some credit cards currently offer a 0% interest free period on balance transfers without having to sacrifice low purchase rates. Ideally, these cards are used to pay off balances before the low interest period expires, but if you can clear your debt within this period, you are still able to capitalize on a low rate on spending with up to 55 interest free days.

Repayments on balance transfers credit cards: How do they work?

Credit card companies require a minimum payment that is to be paid each month. This is the minimum amount you are expected to pay each month, and failure to make this payment will lead to charges applied to your account and can have a negative effect on your credit history.

It is recommended that you pay off more than the minimum amount, otherwise it could take years to clear your balance. For example, if you had a $2,000 debt on a card with a standard interest rate of 15.9 per cent, it would take you over 29 years to clear with a $5 minimum payment. However, if you bumped up your monthly payments to $100, you would be debt free in just two years.

Is a balance transfer credit card my best option?

Balance transfer credit cards are most suited to people that wish to clear their existing debts. A good technique for ensuring the debt is cleared within the interest free period is by dividing the amount owed by the number of interest free months. For example, if you owe $1,800 and you transfer the debt to a balance transfer credit card that offers six months at 0%, you should divide $1,800 by six and then set up a monthly bank transfer of $300.

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