Australia's best balance transfer cards 2018: Mozo Editor’s picks

Kelly Emmerton   |   02 Jan 2018

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Maybe you went a little overboard with the Christmas shopping, or maybe you’re guilty of carrying a credit card balance for longer than you’d like to admit - either way, your New Year’s Resolution for 2018 should be to clear that credit card debt ASAP.

A great way to do that is by picking up a stellar balance transfer card. In fact, Mozo research recently found that by paying of a credit card debt of $4,200 over a 12 month interest free balance transfer offer, Aussies could save $443 in interest. Think of all the things you could do with that cash!

If you’re keen to kick off 2018 in the right way, we’ve rounded up some top notch balance transfer credit cards for you to consider.

Promoted

St.George Vertigo Platinum
  • 0% balance transfer for 24 months (1% BT fee)

  • Low 12.74% purchase rate

  • 2017 Mozo Experts Choice Winner

The details:

With an interest free period of 24 months, the St.George Vertigo offers plenty of time to chip away at your lingering credit card balance. It also comes with a low ongoing purchase rate for spending after you’re debt free, plus premium features including overseas travel insurance cover, VISA Platinum Concierge Service and extended warranty on your purchases.

Read the full Mozo review >>

Promoted

American Express Essential Credit Card
  • 0% balance transfer offer for the first 12 months (3% BT fee)

  • $0 annual card fee

  • Mozo Credit Card Provider of the Year 2017

The details:

American Express came out on top in our recent Experts Choice Awards as Credit Card Provider of the Year, and the Essential card itself won an award in the Best Balance Transfer category (among others). So it’s no surprise that this plastic offers great value, including a 12 month interest free period and low ongoing interest rate of 14.99%.

Read the full Mozo review >>

Promoted

Westpac Low Rate
  • 0% p.a. balance transfer offer for 20 months (2% fee applies)

  • 13.49% purchase rate

  • $59 annual fee

The details:

Budget savvy spenders will appreciate the no-fuss approach of the Westpac Low Rate card. With 20 months interest free to pay off your transferred balance, plus an ongoing low rate, up to 55 interest free days on regular purchases and very reasonable annual fee, this plastic is easy on the hip pocket.

Read the full Mozo review >>

Promoted

ANZ First
  • 0% balance transfer offer for 18 months (2% Balance Transfer fee)

  • Low annual fee of just $30

  • 2017 Mozo Experts Choice Winner

The details:

The ANZ First is a basic credit card jam packed with value. This big bank offering comes with 18 months interest free to pay off your debt and won an Expert's Choice Award in Best Balance Transfer category. Plus, you’ll pay a super low annual fee and have an ongoing interest rate of 19.74% on new purchases.

Read the full Mozo review >>

Promoted

Woolworths Everyday Platinum Credit Card
  • 0% balance transfer rate for 14 months

  • $0 first year annual fee ($49 after)

  • 2017 Mozo Experts Choice Winner

The details:

With up to 14 months interest free to pay off your credit card debt, the Woolies Everyday Platinum will have you back on track in 2018. You also don’t have to worry about paying an annual fee in the first year, and after your debt is gone, you can cash in on the premium perks on offer - including up to 3 rewards points per $1 spent.

Read the full Mozo review >>

Promoted

American Express Velocity Escape Card
  • 0% p.a. on balance transfers for the first 12 months (1% BT fee)

  • $0 annual fee

  • Earn 1 Velocity Point for every $1 spent

The details:

With a full year to pay of your balance, the Amex Velocity card could be your ticket to a debt free 2018. And once you’ve cleared your debt and you can get back to spending, there’s plenty of value on offer with this card - particularly for frequent travellers - with up to 2 Velocity points per $1 spent up for grabs.

Read the full Mozo review >>

There’s more where that came from! If you haven’t found the perfect fit yet, head over to our balance transfer card comparison page for more options.

*All rates and offers mentioned in this article are correct at time of writing, but may be subject to change. Please check the full Mozo review for each product for the most up-to-date information.

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