Compare Credit Cards

0% Balance Transfer Credit Cards and Balance Transfer Comparison Charts
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
Aussie Classic Low Rate MasterCard
Shadow
12.49% p.a
0% p.a
(for first 9 months)
Up to 55 days Check

$49

Additional Information

  • Aussie has released a new low-fee, low-rate MasterCard that does away with unnecessary and expensive reward points.
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
St.George Vertigo MasterCard
Shadow
13.24% p.a
0% p.a
(for up to 8 months)
Up to 55 days Check

$55

Additional Information

  • One of the lowest variable purchase rates around, just 13.24% p.a!
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
BankSA Vertigo MasterCard
Shadow
13.24% p.a
0% p.a
(for up to 8 months)
Up to 55 days Check

$55

Additional Information

  • Receive a complimentary additional card for your friends or family.
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
Bank of Melbourne Vertigo Credit Card
Shadow
13.24% p.a
0% p.a
(for first 8 months)
Up to 55 days Check

$55

Additional Information

  • One of the lowest variable purchase rates around plus low balance transfer rate.
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
Aussie Platinum Low Rate MasterCard
Shadow
13.29% p.a
0% p.a
(for first 9 months)
Up to 55 days Check

$99

Additional Information

  • Includes complimentary insurances, 24/7 concierge service and a low ongoing variable purchase interest rate.
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
St.George Platinum Visa
Shadow
15.99% p.a
0% p.a
(for the first 8 months)
Up to 55 days Check

$89

Additional Information

  • Personal Concierge Service, Overseas travel, transit accident, purchase cover, extended warranty insurance
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
BankSA Platinum Visa
Shadow
15.99% p.a
0% p.a
(for the first 8 months)
Up to 55 days Check

$89

Additional Information

  • Personal Concierge Service, Overseas travel, transit accident, purchase cover, extended warranty insurance
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
HSBC Credit Card
Shadow
17.99% p.a
0% p.a
(for first 6 months)
Up to 55 days Check

home&Away Privilege Program
FREE

Additional Information

  • No annual fee and access to offers, discounts and benefits worldwide with HSBC's home&Away Privilege Program
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
HSBC Platinum Qantas Credit Card
Shadow
19.99% p.a
0% p.a
(for first 6 months)
Up to 55 days Check

Up to 2 points for $1
$199

Additional Information

  • Bonus 20,000 Qantas Frequent Flyer points
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
Virgin Velocity Flyer Credit Card
Shadow
20.99% p.a
0% p.a
(for first 9 months)
Up to 44 days Check

up to 1 point for every $1
$129

Additional Information

  • If you fly with Virgin Australia, why not buy with the Virgin Australia Velocity Flyer Card from Virgin Money. The credit card with a great balance transfer rate and rewards that take off.
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
Suncorp Clear Option Gold Card
Shadow
20.5% p.a
0.9% p.a
(for first 12 months)
Up to 55 days Check

1 Reward point for every $1 spend
$59
(for first year then $120)

Additional Information

  • 0% on Balance Transfer for first 6 months plus complimentary international travel insurance.
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
St.George Amplify Credit Card
Shadow
18.74% p.a
0.99% p.a
(for first 6 months)
Up to 55 days Check

Up to $1 = 1 point
$79

Additional Information

  • For a limited time, enjoy an introductory balance transfer rate of 0.99% p.a. for up to six months.
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
BankSA Amplify Card
Shadow
18.74% p.a
0.99% p.a
(for first 6 months)
Up to 55 days Check

$1 = 1 point
$79

Additional Information

  • Choose Between 2 Great Rewards Programs
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
Singapore Airlines Westpac Platinum Credit Card
Shadow
19.49% p.a
0.99% p.a
(for first 9 months)
up to 45 days Check

Up to 1.5 KrisFlyer miles per $1 spent
$250

Additional Information

  • The only cards in Australia that earn KrisFlyer miles for everyday purchases
Provider Card Name Purchase Rate Balance Transfer Interest Free Rewards Points Card Fee  
Westpac Earth Credit Card
Shadow
19.99% p.a
0.99% p.a
(for first 6 months)
Up to 45 days Check

Earn up to Qantas Frequent Flyer Point for every $1 spent
$75

Additional Information

  • Enjoy complimentary access to the Qantas Frequent Flyer Points scheme.

Learn about balance transfer credit cards

Balance Transfer Credit Card Explained:

Balance transfer credit cards rank as the best way off paying off credit card debt. Basically a balance transfer as the name suggests, enables borrowers to transfer existing outstanding balances onto a new card that charges a low introductory interest rate for a limited time only.

The introductory interest rate applies anywhere between six to twelve months. Card issuers use balance transfer offers to attract new customers. Balance transfers are particularly suitable for borrowers looking to pay off debt rapidly and for this type of borrower these deals are good.

Borrowers should be aware of a couple of things when comparing balance transfer credit cards. First, missing even a single payment is going to result in much higher interest rates. Secondly when transferring balances, card issuers charge a fee based on the amount of debt being transferred. This charge varies between issuers; however the average is 3%.

Borrowers should be realistic about balance transfer deals. For example, a borrower who transfers existing debt onto a new lower interest card should be realistic about whether they are able to pay most if not all of the debt during the introductory period.

Some credit cards even offer balance transfer deals with a zero per cent interest rate, however these tend to be very few and far between and such deals usually come with very strict terms and conditions, including a shorter introductory period, higher transfer fees and more expensive annual fees.

If you cannot find a balance transfer deal that offers zero per cent then there are still plenty of other cards which have very low introductory interest rates on balances transferred, and are much better than the 20% borrowers are likely paying on their existing debt.

Regardless of which type of credit card you are looking for, Money-AU will link you with a variety of lenders who offer a range of different options for people looking for the best credit card deals in the market.

Latest Credit Card News from the Money-AU Consumer Finance Blog

RBA
Economists Predict Official Interest Rates To Fall As Low As Two Per Cent

Economists at Australian banking major ANZ are predicting that the Reserve Bank of Australia will cut the official cash rate to as low as 2 per cent by the end of next year, arguing that it may be more prudent for the government to back away from its budget surplus plans.

The economists are basing their prediction on the back of a weak Australian economy and modest gains in the global economic outlook.

christmas
Australians To Spend $32 Billion On Christmas Shopping This Year

The latest retail forecasts are projecting that Australians will spend approximately $32 billon over Christmas, with the average spend per person estimated to be $1200.

The forecast represents an increase over past years and is a major bonus for the retail industry which over the last few years has felt “more Grinch than Santa” according to Margy Osmand, the chief executive of the Australian National Retailers Association (ANRA)

new RBA
New RBA Rules To Cut Despised Taxi Surcharge

The extremely detested surcharge that consumers are hit with when paying for a cab ride using a credit or debit card is unlikely to survive into the new year if the Australian central bank has its way.

The Reserve Bank has revised the rules regarding surcharges which are effective next year, tightening the language and making it explicit that the surcharge rules also apply to the taxi industry.

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