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Balance Transfer Credit Cards

A credit card balance transfer is simply the process of moving debt from one credit card to another. Once the balance is successfully transferred, it will either be charged at a greatly reduced interest rate or none at all for a set period of time. A balance transfer can save you a lot of money so if you have credit card debt then act now and arrange a balance transfer. Below are the balance transfer credit cards from the top banks and providers within Australia. Use the table to find the best card for your needs. If you would like more information on balance transfer card, please scroll to the bottom of the page.
  1. Click on table items to expand and learn more
  2. Select credit cards to add to your shortlist to see more in-depth comparison. Maximum of 4 cards at a time.
Credit Card
Interest Rate
Balance Transfer Rate
Interest Free Days (up to)
Annual Fee
Rewards

ANZ Balance Visa

ANZ Balance Visa

14.24%
p.a.

0%
p.a.
6 months

0%
55 days

$79
($57 p.a. + $22 Rewards Program Fee)

Cashback, Shopping

ANZ Balance Visa

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $79
  • Range of vouchers and gift certificates
  • 24/7 monitoring of suspicious transactions
  • You must have an income of over $15,000
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 14.24%. Cash advances have an annual interest rate of 21.49%.
There is no introductory balance transfer offer on this card and any balance transfers will incur an interest rate (per annum) of 14.24%.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 14.24% on any purchases you make.
This credit card has an annual fee of $79 ($57 p.a. + $22 Rewards Program Fee)
You can earn up to 1 rewards points for every dollar you repay to your balance, including repayments to purchases, fees, interest, cash advances and repayments on balances transferred. You can redeem points for cashback, shopping vouchers and gift cards.

ANZ First Visa

ANZ First Visa

18.99%
p.a.

7.99%
p.a.
6 months

0%
44 days

$0
for 1st year, then $30 p.a.

No rewards

ANZ First Visa

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $0
  • 24/7 monitoring of suspicious transactions
  • Add 3 additional cardholders at no extra cost
  • No reward scheme available
  • Balance transfer only available to new customers and no balance transfers between ANZ
Up to 44 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 18.99%. Cash advances have an annual interest rate of 20.74%.
Enjoy an interest rate (per annum) of 7.99% on balance transfers for up to the first 6 months. Once the 7.99% period ends you will be charged an annual interest rate of 18.99% on the transferred balance.
You will not be charged interest on any purchases for the first 44 days. Once the 0% period ends you will be charged an interest rate (per annum) of 18.99% on any purchases you make.
This credit card has an annual fee of $0 for 1st year, then $30 p.a.
You do not receive rewards on this card.

ANZ Gold

ANZ Gold

18.99%
p.a.

7.99%
p.a.
6 months

0%
55 days

$87
p.a.

No rewards

ANZ Gold

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $87
  • Free Overseas Travel and Medical Insurance
  • Free 90-day Purchase Security Insurance
  • You must have an income of over $50,000
  • Balance transfer only available to new customers and no balance transfers between ANZ
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 18.99%. Cash advances have an annual interest rate of 20.74%.
Enjoy an interest rate (per annum) of 7.99% on balance transfers for up to the first 6 months. Once the 7.99% period ends you will be charged an annual interest rate of 18.99% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 18.99% on any purchases you make.
This credit card has an annual fee of $87 p.a.
You do not receive rewards on this card.

ANZ Low Rate MasterCard

ANZ Low Rate MasterCard

13.24%
p.a.

0%
p.a.
6 months

0%
55 days

$58
p.a.

No rewards

ANZ Low Rate MasterCard

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $58
  • Range of discounts and vouchers
  • 24/7 monitoring of suspicious transactions
  • No reward scheme available
  • Balance transfer only available to new customers and no balance transfers between ANZ
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 13.24%. Cash advances have an annual interest rate of 21.49%.
Enjoy an interest rate (per annum) of 0% on balance transfers for up to the first 6 months. Once the 0% period ends you will be charged an annual interest rate of 13.24% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 13.24% on any purchases you make.
This credit card has an annual fee of $58 p.a.
You do not receive rewards on this card.

Aussie MasterCard

Aussie MasterCard

12.99%
first 6 months (reverts to 12.79%)

2.99%
p.a.
6 months

0%
55 days

$49
p.a.

No rewards

Aussie MasterCard

Add to shortlist

  • Enjoy all the benefits of this card and pay $49 annual fee for the first year
  • An initial balance transfer rate of 2.99% for the first 6 months
  • A low interest rate of 12.99% for the first six months
  • No balance transfers between Aussie cards
  • You must have an income of over $50,000 p.a. for non-permanent Australian residents
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an interest rate of 12.99% for the first 6 months, then the rate reverts to 12.79% p.a. Cash advances have an annual interest rate of 19.49%.
Enjoy a rate of 2.99% on balance transfers for up to the first 6 months. Once the 2.99% period ends you will be charged an interest rate of 12.99% for the first 6 months, then the rate reverts to 12.79% p.a. on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate of 12.99% for the first 6 months, then the rate reverts to 12.79% p.a. on any purchases you make.
This credit card has an annual fee of $49 p.a.
There are no rewards for this credit card.

Bank of Queensland Gold Visa Card

Bank of Queensland Gold Visa Card

20.24%
p.a.

1.9%
p.a.
9 months

0%
55 days

$120
p.a.

Travel, Shopping

Bank of Queensland Gold Visa Card

Add to shortlist

  • Enrollment into the Q Rewards® program
  • Free International Travel Insurance
  • Free Purchase Cover Insurance
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.24%. Cash advances have an annual interest rate of 20.74%.
Enjoy an interest rate (per annum) of 1.9% on balance transfers for up to the first 9 months. Once the 1.9% period ends you will be charged an annual interest rate of 20.24% on the transferred balance.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 20.24% on any purchases you make.
This credit card has an annual fee of $120 p.a.
You can earn up to 1.75 reward points for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services and shopping offers.

Citibank BP MasterCard

Citibank BP MasterCard

20.89%
p.a.

1.9%
p.a.
12 months

0%
55 days

$79
p.a.

Cashback

Citibank BP MasterCard

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  • Enjoy all the benefits of this card and pay a low annual fee of $79
  • Earn a high 5% cashback rate for the first $600 a month on purchases at BP
  • You must have an income of over $20,000
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.89%. Cash advances have an annual interest rate of 20.89%.
Enjoy an interest rate (per annum) of 1.9% on balance transfers for up to the first 12 months. Once the 1.9% period ends you will be charged an annual interest rate of 20.89% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 20.89% on any purchases you make.
This credit card has an annual fee of $79 p.a.
You can earn 5% cashback on purchases at BP or every day purchases earn you 0.5% cashback on the first $5,000 you spend.

Citibank Clear Credit Card

Citibank Clear Credit Card

11.99%
p.a. for the first 12 months, 15.49% thereafter

0%
p.a.
6 months

0%
55 days

$65
p.a.

Discounts

Citibank Clear Credit Card

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  • Enjoy all the benefits of this card and pay a low annual fee of $65
  • Range of discounts and vouchers
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 11.99%. Cash advances have an annual interest rate of 21.24%.
Enjoy an interest rate (per annum) of 0% on balance transfers for up to the first 6 months. Once the 0% period ends you will be charged an annual interest rate of 21.24% on the transferred balance.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 11.99% on any purchases you make.
This credit card has an annual fee of $65 p.a.
You can receive a 25% discount on dining and shopping through Cit World Privileges at participating outlets.

Citibank Clear Platinum Credit Card

Citibank Clear Platinum Credit Card

11.49%
p.a.

0%
p.a.
6 months

0%
55 days

$49
for 1st yr, then $99 p.a.

Discounts

Citibank Clear Platinum Credit Card

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $49
  • Free purchase cover and extended warranty
  • Range of discounts and vouchers
  • You must have an income of over $50,000
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 11.49%. Cash advances have an annual interest rate of 21.24%.
Enjoy an interest rate (per annum) of 0% on balance transfers for up to the first 6 months. Once the 0% period ends you will be charged an annual interest rate of 21.24% on the transferred balance.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 11.49% on any purchases you make.
This credit card has an annual fee of $49 for 1st yr, then $99 p.a.
You can receive a 25% discount on dining and shopping through Cit World Privileges at participating outlets.

Citibank Gold Card

Citibank Gold Card

20.74%
p.a.

1.9%
p.a.
12 months

0%
55 days

$149
p.a.

Travel, Shopping

Citibank Gold Card

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  • Free international travel insurance for you and your family
  • Free purchase cover insurance
  • Range of discounts and vouchers
  • You must have an income of over $35,000
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.74%. Cash advances have an annual interest rate of 21.24%.
Enjoy an interest rate (per annum) of 1.9% on balance transfers for up to the first 12 months. Once the 1.9% period ends you will be charged an annual interest rate of 21.24% on the transferred balance.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 20.74% on any purchases you make.
This credit card has an annual fee of $149 p.a.
You can earn up to 1 reward point for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services, cashback, entertainment and shopping offers.

Citibank Platinum Credit Card

Citibank Platinum Credit Card

20.74%
p.a.

3.9%
p.a.
Life of balance transfer

0%
55 days

$250
p.a.

Travel, Shopping

Citibank Platinum Credit Card

Add to shortlist

  • Access to a Personal Concierge
  • Free international travel insurance for you and your family
  • Range of discounts and vouchers
  • You must have an income of over $50,000
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.74%. Cash advances have an annual interest rate of 21.24%.
Enjoy an interest rate (per annum) of 3.9% on the life of the balance transfer.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 20.74% on any purchases you make.
This credit card has an annual fee of $250 p.a.
You can earn up to 1 reward point for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services, cashback, entertainment and shopping offers.

Citibank Silver Credit Card

Citibank Silver Credit Card

20.74%
p.a.

2.9%
p.a.
12 months

0%
55 days

$89
p.a.

Travel, Shopping

Citibank Silver Credit Card

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $89
  • Free purchase cover insurance
  • Range of discounts and vouchers
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.74%. Cash advances have an annual interest rate of 21.24%.
Enjoy an interest rate (per annum) of 2.9% on balance transfers for up to the first 12 months. Once the 2.9% period ends you will be charged an annual interest rate of 21.24% on the transferred balance.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 20.74% on any purchases you make.
This credit card has an annual fee of $89 p.a.
You can earn up to 1 reward point for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services, cashback, entertainment and shopping offers.

CitiBusiness Gold Credit Card

CitiBusiness Gold Credit Card

20.49%
p.a.

2.9%
p.a.
9 months

0%
55 days

$74
for 1st year, then $149 p.a.

Travel, Shopping

CitiBusiness Gold Credit Card

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  • Access to a complimentary business concierge
  • Free international travel insurance
  • Range of discounts, vouchers and cashback rewards
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.49%. Cash advances have an annual interest rate of 20.99%.
Enjoy an interest rate (per annum) of 2.9% on balance transfers for up to the first 9 months. Once the 2.9% period ends you will be charged an annual interest rate of 20.99% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 20.49% on any purchases you make.
This credit card has an annual fee of $74 for 1st year, then $149 p.a.
You can earn up to 1.25 reward point for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services, cashback, entertainment and shopping offers.

Emirates Citibank Platinum Credit Card

Emirates Citibank Platinum Credit Card

20.74%
p.a.

1.9%
p.a.
12 months

0%
55 days

$229
p.a.

Emirates Skywards Miles
Special offer!

Emirates Citibank Platinum Credit Card

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  • One complimentary chauffeur driven ride per year
  • One complimentary lounge pass for Emirates Lounge in Australia
  • Range of discounts, vouchers and cashback rewards
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.74%. Cash advances have an annual interest rate of 20.74%.
Enjoy an interest rate (per annum) of 1.9% on balance transfers for up to the first 12 months. Once the 1.9% period ends you will be charged an annual interest rate of 20.74% on the transferred balance.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 20.74% on any purchases you make.
This credit card has an annual fee of $229 p.a.
Special offer (as of 13th August 2010); You can earn up to 3 Skywards Miles for every dollar you spend on retail purchases and up to 200,000 Miles can be earned per annum. You can redeem points for Emirates travel services. Previous offer; 1.5 Miles, up to 150,000 p.a.

CUA Rewards MasterCard Gold

CUA Rewards MasterCard Gold

19.24%
p.a.

2.9%
p.a.
9 months

0%
55 days

$85
p.a.

Travel, Shopping

CUA Rewards MasterCard Gold

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $85
  • Huge range of rewards; cashback, shopping vouchers and travel discount
  • No balance transfers between Credit Union
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 19.24%. Cash advances have a rate of 19.99% p.a.
Enjoy a balance rate of 2.9% for the first 9 months.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 19.24% on any purchases you make.
This credit card has an annual fee of $85 p.a.
You can earn up to 1 reward point for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services, entertainment and shopping offers.

HSBC Credit Card

HSBC Credit Card

16.99%
p.a.

0%
p.a.
6 months

0%
55 days

$0
p.a.

No rewards

HSBC Credit Card

Add to shortlist

  • Enjoy all the benefits of this card and pay $0 annual fee
  • $50 cashback when you make your first spend
  • You must have an income of over $20,000
  • After 6 months months, balance transfers have a cash advance interest rate of 20.75% p.a.
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 16.99%. Cash advances have an annual interest rate of 20.75%.
Enjoy an interest rate (per annum) of 0% on balance transfers for up to the first 6 months. Once the 0% period ends you will be charged an annual interest rate of 20.75% on the transferred balance.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 16.99% on any purchases you make.
This credit card has an annual fee of $0 p.a.
You do not receive rewards on this card.

IMB Rewards MasterCard Gold

IMB Rewards MasterCard Gold

19.24%
p.a.

2.9%
p.a.
9 months

0%
55 days

$99
p.a.

Travel, Shopping

IMB Rewards MasterCard Gold

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $99
  • Huge range of rewards; cashback, shopping vouchers and travel discount
  • You must have an income of over $35,000
  • No balance transfers between CUA and Citigroup
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 19.24%. Cash advances have a rate of 19.99% p.a.
Enjoy a balance rate of 2.9% for the first 9 months.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 19.24% on any purchases you make.
This credit card has an annual fee of $99 p.a.
You can earn up to 1 reward point for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services, entertainment and shopping offers.

St. George Platinum Credit Card

St. George Platinum Credit Card

15.74%
p.a.

3.99%
p.a.
6 months

0%
55 days

$89
p.a.

Discounts

St. George Platinum Credit Card

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $89
  • Free shopping and travel insurances
  • 24/7 access to the Personal Concierge Service
  • No balance transfers between St.George or BankSA
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 15.74%. Cash advances have an annual interest rate of 21.24%.
Enjoy an interest rate (per annum) of 3.99% on balance transfers for up to the first 6 months. Once the 3.99% period ends you will be charged an annual interest rate of 15.74% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 15.74% on any purchases you make.
This credit card has an annual fee of $89 p.a.
You revcieve instant discounts and added extras with St.George Instant Benefits such as entertainment and shopping vouchers.

St. George Vertigo MasterCard

St. George Vertigo MasterCard

12.49%
p.a.
for 6 months (then 12.49%
p.a.)

2.99%
p.a.
6 months

0%
55 days

$55
p.a.

Discounts

St. George Vertigo MasterCard

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $55
  • Range of discounts through St.George Instant Benefits
  • 24/7 monitoring of suspicious transactions
  • No balance transfers between St.George or BankSA
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 12.49% for 6 months, then the interest rate moves to 12.24% p.a. Cash advances have an annual interest rate of 21.24%.
Enjoy an interest rate (per annum) of 2.99% on balance transfers for up to the first 6 months. Once the 2.99% period ends you will be charged an annual interest rate of 12.49% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 12.49% on any purchases you make.
This credit card has an annual fee of $55 p.a.
You receive instant discounts and added extras with St.George Instant Benefits such as entertainment and shopping vouchers.

Suncorp Gold Credit Card

Suncorp Gold Credit Card

19.75%
p.a.

1.9%
p.a.
12 months

0%
55 days

$99
p.a.

Qantas Frequent Flyer

Suncorp Gold Credit Card

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  • Enjoy all the benefits of this card and pay a low annual fee of $99
  • Credit limits of up to $25,000
  • Free International Travel & Purchase Cover Insurance
  • You must have an income of over $35,000 
  • After 12 months months, balance transfers have a cash advance interest rate of 19.75% p.a.
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 19.75%. Cash advances have an annual interest rate of 19.75%.
Enjoy an interest rate (per annum) of 1.9% on balance transfers for up to the first 12 months. Once the 1.9% period ends you will be charged an annual interest rate of 19.75% on the transferred balance.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 19.75% on any purchases you make.
This credit card has an annual fee of $99 p.a.
You can earn up to 1 reward point for every dollar you spend and for an additional $19 per annum you can join the Suncorp Qantas Frequent Flyer and earn 2 Qantas Frequent Flyer points for every $3 spent. You can redeem points for travel services, entertainment and shopping offers.

Suncorp Platinum Credit Card

Suncorp Platinum Credit Card

19.99%
p.a.

3.9%
p.a.
p.a. for the life of the balance transferred

0%
55 days

$205
p.a.

Qantas Frequent Flyer

Suncorp Platinum Credit Card

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  • 24/7 access to the Personal Concierge Service
  • Credit limits of up to $30,000
  • Free International Travel & Purchase Cover Insurance
  • You must have an income of over $50,000
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 19.99%. Cash advances have an annual interest rate of 19.99%.
Enjoy an interest rate (per annum) of 3.9% on the life of the balance transfer.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 19.99% on any purchases you make.
This credit card has an annual fee of $205 p.a.
You can earn up to 1 reward point for every dollar you spend and for an additional $19 per annum you can join the Suncorp Qantas Frequent Flyer and earn 1 Qantas Frequent Flyer point for every $1 spent. You can redeem points for travel services, entertainment and shopping offers.

Suncorp Plus Credit Card

Suncorp Plus Credit Card

19.99%
p.a.

1.9%
p.a.
12 months

0%
55 days

$63
p.a.

Travel, Shopping

Suncorp Plus Credit Card

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $63
  • Enrollment into the Suncorp Rewards program
  • Free Purchase Cover Insurance
  • You must have an income of over $20,000 
  • After 12 months months, balance transfers have a cash advance interest rate of 19.99% p.a.
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 19.99%. Cash advances have an annual interest rate of 19.99%.
Enjoy an interest rate (per annum) of 1.9% on balance transfers for up to the first 12 months. Once the 1.9% period ends you will be charged an annual interest rate of 19.99% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 19.99% on any purchases you make.
This credit card has an annual fee of $63 p.a.
You can earn up to 1 reward point for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services, entertainment and shopping offers.

Suncorp Standard Credit Card

Suncorp Standard Credit Card

12.24%
p.a.

1.9%
p.a.
12 months

0 days

$39
p.a.

No rewards

Suncorp Standard Credit Card

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $39
  • Range of entertainment offers
  • You must have an income of over $20,000
  • After 12 months months, balance transfers have a cash advance interest rate of 17.99% p.a.
You will be charged an annual interest rate of 12.24% on all purchases and 17.99% on all cash advances.
Enjoy an interest rate (per annum) of 1.9% on balance transfers for up to the first 12 months. Once the 1.9% period ends you will be charged an annual interest rate of 17.99% on the transferred balance.
There is no introductory purchases offer on this product and any purchases will incur 12.24% interest rate.
This credit card has an annual fee of $39 p.a.
You do not receive rewards on this card.

CUA Rewards MasterCard Silver

CUA Rewards MasterCard Silver

19.24%
p.a.

4.9%
p.a.
6 months

0%
55 days

$45
p.a.

Travel, Shopping

CUA Rewards MasterCard Silver

Add to shortlist

  • Enjoy all the benefits of this card and pay a low annual fee of $45
  • Huge range of rewards; cashback, shopping vouchers and travel discounts
  • No balance transfers between Credit Union
Up to 55 interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 19.24%. Cash advances have an annual interest rate of 19.99%.
Enjoy an interest rate (per annum) of 4.9% on the life of the balance transfer.
You will not be charged interest on any purchases for the first 55. Once the 0% period ends you will be charged an interest rate (per annum) of 19.24% on any purchases you make.
This credit card has an annual fee of $45 p.a.
You can earn up to 1 reward point for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services, entertainment and shopping offers.

St. George Amplify Credit Card

St. George Amplify Credit Card

18.49%
p.a.

0.99%
p.a.
6 months

0%
55 days

$79
p.a.

Amplify Rewards

St. George Amplify Credit Card

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  • Enjoy all the benefits of this card and pay a low annual fee of $79
  • Range of discounts through St.George Instant Benefits
  • 24/7 monitoring of suspicious transactions
  • No balance transfers between St.George or BankSA
 Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 18.49%. Cash advances have an annual interest rate of 20.49%.
Enjoy an interest rate (per annum) of 0.99% on balance transfers for up to the first 6 months. Once the 0.99% period ends you will be charged an annual interest rate of 18.49% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 18.49% on any purchases you make.
This credit card has an annual fee of $79 p.a.
  • You receive instant discounts and added extras with St.George Instant Benefits such as entertainment and shopping vouchers.

Virgin No Annual Fee Credit Card

Virgin No Annual Fee Credit Card

16.95%
p.a.

2.9%
p.a.
6 months

0%
44 days

$0

No rewards

Virgin No Annual Fee Credit Card

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Up to 44 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 16.95%. Cash advances have an annual interest rate of 20.99%.
Enjoy an interest rate (per annum) of 2.9% on balance transfers for up to the first 6 months. Once the 2.9% period ends you will be charged an annual interest rate of 20.99% on the transferred balance.
You will not be charged interest on any purchases for the first 44 days. Once the 0% period ends you will be charged an interest rate (per annum) of 16.95% on any purchases you make.
This credit card has no annual fee.
There are no rewards for this credit card.

Virgin Flyer Credit Card

Virgin Flyer Credit Card

20.99%
p.a.

6.9%
p.a.
6 months

0%
44 days

$99

Travel, Shopping

Virgin Flyer Credit Card

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Up to 44 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.99%. Cash advances have an annual interest rate of 20.99%.
Enjoy an interest rate (per annum) of 6.9% on balance transfers for up to the first 6 months . Once the 6.9% period ends you will be charged an annual interest rate of 20.99% on the transferred balance.
You will not be charged interest on any purchases for the first 44 days. Once the 0% period ends you will be charged an interest rate (per annum) of 20.99% on any purchases you make.
This credit card has an annual fee of $99
Earn 1 Velocity Point per $1 spent up to $1,500 per month and then 1 Velocity Point for every $2. Buy a Virgin Blue seat with your new card and we'll give you a second seat for free, up to 4 times a year including Blue Saver fares.

Citibank Citi Select Credit Card

Citibank Citi Select Credit Card

20.74%
p.a.

4.9%
p.a.
Life of balance transfer

0%
55 days

$700
p.a.

Travel, Shopping, Cashback

Citibank Citi Select Credit Card

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Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.74%. Cash advances have an annual interest rate of 21.24%.
Enjoy an interest rate (per annum) of 4.9% on balance transfers for up to the first Life of balance transfer. Once the 4.9% period ends you will be charged an annual interest rate of 21.24% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 20.74% on any purchases you make.
This credit card has an annual fee of $700 p.a.
You can earn up to 2 Citi Reward points for every dollar you spend and your points do not expire as long as your card stays active. You can redeem points for travel services on Velocity Rewards (Virgin Blue and V Australia), Singapore Airlines KrisFlyer program and Asia Miles. You can also redeem points on cashback, entertainment, hotel and shopping offers.

What is a credit card balance transfer?

In an effort to lure new customers in, credit card providers offer balance transfers. A balance transfer enables a credit card holder to shift debt from a card that is incurring a fixed and probably high interest rate to a greatly reduced or interest free credit card. These balance transfers can last between 6 to 12 months or for the life of the balance.

With no or reduced interest payments, a balance transfer is a great way to save money and with more money available you can pay off the debt quicker!

Although balance transfers can initially save you a significant amount of money, there are certain pitfalls that you must be aware of and should avoid at all costs; these are detailed in Disadvantages of balance transfers.

However, if you have credit card debt then there is no reason why you shouldn't shift to a new credit card and enjoy the benefits of either interest free or a low interest rate.

How to choose the right balance transfer?

Choosing the right balance transfer offer is very important and you should take the following into consideration: -
  • The amount of credit card debt you have - if you have a relatively low amount of debt, say below $5,000 then you might want to consider an interest free period of 6 months as you could be able to pay the whole debt off within this time and avoid any interest repayments. However, if you have a large amount of debt then it's financially smarter to go for a low interest rate on a longer period, say up to 12 months or for the life of the balance transfer as this will work out cheaper in the long run.

  • The time it will take to repay your debt - if you're confident that you can pay off your debt within 6 months then it makes sense to choose the 6 month interest free balance transfer. However, if you think it will take up to 12 months or more then it would be better to opt for a low interest rate balance transfer for 12 months or for the life of the balance however, be aware that these type of credit cards come with a greater annual fee.

  • Will you still be using your credit card during the balance repayment? Do not use your balance transfer card for new purchases, this is rule number 1. See Disadvantages of a balance transfers for more details.

What are the different balance transfer types?

  • 6 months interest free - this is one of the shortest balance transfer periods as it typically incurs a 0% interest rate, which means for the first 6 months you don't pay any interest payments on the card. This balance transfer type is perfect for people with a small amount of debt that they can easily pay off within 6 months.

  • 9 to 12 months - These balance transfer durations incur an interest rate, with the 9 month balance transfer typically incurring a lower interest rate than the 12 month period. Your confidence in paying off your balance within 9 months or 12 months is the deciding factor here and you should aim to pay it all off before the balance period ends. If you have remaining debt at the end of the 9 or 12 month period, you can always apply for a balance transfer with a new provider. You also need to review the annual fee of the cards as this can vary drastically between providers.

  • Life of the balance - This type of balance transfer is perfect for people with a large credit card debt that they will not be able to pay off within 12 months. A life of the balance transfer allows the card holder to transfer their credit card debt to a low interest rate and take as much time as they'd like to pay it off. However, please be aware that a Life of balance transfer is usually only available through a platinum credit card that have strict requirements and a much higher annual fee.

Advantages of a balance transfer

  • Save money by reducing monthly fees - You can either avoid interest fees altogether or greatly reduce interest fees with a balance transfer. For example, if you had a debt of $10,000 and transfered to a 12 month balance transfer of 2.9%, you'd save an estimated $1,700 in annual interest fees.

  • Manage debt more easily - if you merge all of your debt into one credit card it will be easier to manage and repay.

Disadvantages of a balance transfer

  • Never use your balance transfer credit card - this is one of the most important things to remember. If you start using your balance transfer credit card to purchase new items or to withdraw cash, this debt will incur the standard interest rate on the card and you will not be able to pay this debt off until the entire balance transfer has been paid. If you need your credit card for general purchases then use your original card as you'll be able to pay this debt off immediately.

  • High interest rates - an important thing to remember is that once the balance transfer period has ended the remaining debt will be charged at the standard interest rate. It is possible that this interest rate will be higher than the original card so it is vital that you choose the right balance transfer type that suits your needs.

Latest News

Citibank Reduces Balance Transfer Rate on Emirates

By Credit Card Researcher, 15 August 2010

Citibank have just launched the new balance transfer rate of 1.9% for 12 months on their Platinum Emirates Credit Card and increased reward earnings from 1.5 to 3 Skyward Miles per dollar spent. read more

Suncorp Reduces Balance Transfer Rates

By Credit Card Researcher, 6 August 2010

Suncorp have just launched the new balance transfer rate of 1.9% for 12 months on their Suncorp Gold, Suncorp Plus and Suncorp Standard credit cards. read more

Citibank Reduces Balance Transfer Rate on BP MasterCard

By Credit Card Researcher, 21 July 2010

Citibank have just launched the new balance transfer rate of 1.9% for 12 months on their BP MasterCard. This is a reduction of 1% from the previous 2.9% rate so it's a pretty good offer... read more

Avoiding the Pitfalls of Credit Card Balance Transfers

By Credit Card Researcher, 15 July 2010

As more of us struggle to pay off high interest credit cards, 0% or low rate balance transfers are coming to the rescue. Or are they? Credit card balance transfers can be really handy, provided you’re aware of some of their shortcomings. Here is our list of the top 7 things you need to know when contemplating a credit card balance transfer. read more