4 balance transfer credit card offers to help get you debt-free

bt-deals

Whether you overindulged during some retail therapy or had a large and unexpected bill, credit card debt has a way of creeping up on us. According to new Mozo research, 51% of Aussies incurred debt over the recent festive season with one in two concerned as to how they’re going to pay it off. 

But the good news is, you don’t have to just let it sit there accruing interest. In fact if you’re ready to put an end to your mounting debt, there is a way to do it interest-free. 

A balance transfer credit card allows you to move the balance on your current credit card onto a card with a 0% interest rate for a fixed period of time. If you’re thinking about picking one up, we’ve rounded up four offers to get your search started.

St. George Amplify Platinum credit card
  • 0% interest for 22 months (then 21.49%) (1.5% BT fee)
  • $0 annual fee in the first year (then $99)

If you’ve got a decent stack of credit card debt you need to take care of, look at the St.George Amplify Platinum credit card. This balance transfer card features a 0% interest rate for an awesome 22 months, allowing you a decent amount of time to clear your debt. There’s also no annual fee in the first year ($99 after), so you can put every dollar toward your lingering debt. Keep in mind there is a 1.5% balance transfer fee and that once the interest free period expires, the card’s rate then reverts to 21.49%.

CUA Platinum credit card
  • 0% interest for 20 months (then 21.74%)
  • 2020 Mozo Experts Choice Award winner^
  • $0 annual fee in the first year ($149 after)

Take care of your credit card debt with minimal fees with the CUA Platinum credit card! This budget-friendly plastic offers a 0% interest period for 20 months before reverting to 21.74%, so make sure your debt is gone before then. There’s also no annual fee in the first year before it jumps to $149. Be sure to squeeze this cost into your budget. Our expert judges even gave this card a 2020 Mozo Experts Choice Award^ in the Balance Transfer Platinum Credit Card category.

BankSA No Annual Fee credit card
  • 0% interest for 12 months (then 21.49%) (1% BT fee)
  • No annual fee

Like the idea of never having to pay an annual fee? Then you might want to take a look at the BankSA No Annual Fee credit card. New customers who apply before 2 March 2021 and are approved will have access to a 0% interest period for 12 months before the card reverts to 21.49%. And as the name suggests, you won’t ever pay an annual fee, making it a great pick for those who want to keep costs to a minimum.

Citi Rewards credit card
  • 0% interest for 30 months (then 22.24%)
  • 2020 Mozo Experts Choice Award winner^
  • $49 annual fee in the first year ($149 after)

Last but certainly not least on our list is the Citi Rewards credit card, another 2020 Mozo Experts Choice Award winner^ in the Balance Transfer Platinum Credit Card category. With this card, you’ll have a 0% interest period for a massive 30 months (then 22.24%), the longest 0% balance transfer period in the Mozo database! This card could be a great pick for Aussies with a substantial level of debt who need a little longer to pay it off. Plus, there’s a low $49 annual fee in the first year before it switches to $149.

Want to compare more options? Then make your next stop our balance transfer credit card comparison tool

^More information about our 2020 Mozo Experts Choice Credit Card Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.