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

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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. 

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.

Kogan Money Black Card
  • 0% interest for 12 months (then 21.74%)
  • $0 annual fee
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First on our list is the Kogan Money Black Card which comes with a balance transfer offer of 0% for 12 months (21.74% after). 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 no annual fee in on this credit card option. And if you continue to use the card after the balance transfer period is up there is a rewards program and up to 55 interest-free days on eligible purchases. Get in quick though, the offer is only available on applications made by 31 August 2021. 

Bendigo Bank Low Rate Credit Card
  • 0% interest for 12 months (then 11.99%) (2% BT fee)
  • Low $45 annual fee

If you’ve got a decent stack of credit card debt you need to take care of, you might want to consider the Bendigo Bank Low Rate credit card. This balance transfer card features a 0% interest rate for 12 months, allowing you a decent amount of time to clear your debt. Keep in mind there is a 2% balance transfer fee. The good news is that once the interest free period expires, the card’s rate then reverts to a low 11.99% and there’s also a low annual fee of $45. Just remember, you must apply by 31 October 2021 to be eligible for the offer.

Westpac Low Rate Credit Card
  • 0% interest for 28 months (then 21.49%) (1% BT fee)
  • $0 annual fee in the first year ($59 after)

The Westpac Low Rate credit card might be a good way to clear you existing debt. For customers that apply by 30 November 2021, this budget-friendly plastic offers a 0% interest period for 28 months before reverting to 21.49% (1% BT fee), so make sure your debt is gone before then. There’s also no annual fee in the first year before it reverts to a still low $59 after. 

PayPal Rewards Card
  • 0% interest for 20 months (then 20.99%)
  • No annual fee
Find out more

Like the idea of never having to pay an annual fee? Then you might want to take a look at the PayPal Rewards Card. New customers who apply before 28 October 2021 will have access to a 0% interest period for 20 months before the card reverts to 20.99%. And you won’t ever pay an annual fee, making it a great pick for those who want to keep costs to a minimum.

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

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