Top Balance Transfer cards of 2019: Mozo Editors Picks

The tree’s been taken down, the decorations are now packed away, and so, life goes on until next Christmas. All of Santa’s little helpers out there who went a little overboard on the Christmas shopping probably wish that packing up that lingering credit card balance was just as simple. Not to worry, because it can be!

One handy way to clear credit debt is with the help of a trusty old balance transfer card. By shifting your credit card balance over to a balance transfer card, you have a chance to pay off your outstanding balance within a specific time frame, without incurring the interest fees that a standard credit card would incur.

Sounds like a sure-fire plan, right? Well, so long as you find a card suited to your specific circumstances and financial needs, and have an airtight plan for paying off your balance before the balance transfer period ends, it can be. So if you’re in the market for a debt blaster, you’re in luck because we’ve just finished picking out a list of our favourite balance transfer cards of 2019! Drumroll, please…

Mozo may receive payment if you click to the website of one of the products below. Mozo does not compare the entire market.
Important disclosures
Australian Military Bank - Low Rate Visa Credit Card
  • 2018 Mozo Experts Choice Award Winner in the Balance Transfer category
  • 0% balance transfer for 12 months
  • Low 11.99% purchase rate
Find out more
The details:

With a 12-month interest-free period on offer for transferred balances, the Australian Military Bank Low Rate Visa Credit Card is a great option for anyone looking to clear their credit card debt. This card is available to all Aussies (over 18), so you don’t need to be in the military or an Australian Military Bank member to apply (you’ll become a member when you open the account). Once you’ve paid off your debt, the card offers a competitively low purchase rate of 11.99% for new spends (cash advance rate is higher), and if you pay your balance in full each month, you can receive up to 45 days interest-free.

Read the full Mozo Review

Qantas Money - Qantas Premier Platinum
  • 0% balance transfer for 18 months
  • $149 annual fee in the first year ($299 after)
  • 2018 Mozo Experts Choice Award Winner in the Best Qantas Frequent Flyer Premium Credit Card category
Find out more
The details:

With a 0% p.a balance transfer rate over 18 months, this card is an excellent tool for anyone looking to erase their lingering credit card debt without being charged interest. However, customers should be aware of the 21.99% rate after the balance transfer period is up, so be sure to have a solid plan in place to pay off your credit card balance within the 18-month balance transfer period. It also comes with a discounted annual fee in the first year, and up to 55 interest-free days once you start spending again.

Read the full Mozo Review

Bankwest - Breeze Platinum Mastercard
  • Multiple 2018 Mozo Experts Choice Award winner
  • 0% balance transfer for 26 months (2% balance transfer fee)
  • $0 annual fee in the first year ($99 after)
Find out more
The details:

If you think you’ll need some extra time to pay off your credit card debt, with the Bankwest Breeze Platinum MasterCard, you'll have an entire 26 months with 0% interest to do so. Just remember to budget for the 2% balance transfer fee. There’s no annual fee in the first year, and once you’ve paid off your debt, you can start spending again with a competitively low 12.99% ongoing interest rate to keep costs low. This little guy is an all-rounder when it comes to clearing debt and keeping it away.

Read the full Mozo Review

Citi - Rewards
  • 0% balance transfer for 24 months (1.50% balance transfer fee)
  • $49 annual fee in the first year ($149 after)
  • Up to 55 interest-free days on new purchases
The details:

With a nice long balance transfer period so you can chip away at any remaining credit card debt, and a discounted annual fee in the first year of $49 ($149 each year after), the Citi Platinum Balance Transfer offer could be your new secret weapon. Not to mention you’ll get up to 55 interest-free days when you’ve paid off your balance and start spending again.

ANZ - Low Rate
  • 0% balance transfer offer 15 months
  • Low 12.49% purchase rate
  • Low $58 annual fee
Find out more
The details:

With a 0% balance transfer for 15 months and a low $58 annual fee, the ANZ Low Rate card gets straight the point. This 'no-frills' option comes with a competitively low 12.49% purchase rate when you start spending again and is great for those solely looking to eliminate their debt without the need for any added features. If you’re only looking to shed debt and keep it off, give this one a look.

Read the full Mozo Review

For more options, check out our balance transfer comparison page.

*Find out more about the Mozo Experts Choice Awards for Credit Cards.


^See information about the 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.