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Balance transfer credit cards

  • Balance transfers have a whole range of types and species, such as lifetime balance transfers and zero interest deals. And of course there'll be various conditions attached to the credit card as well - so make sure you find the right credit balance!

  • How do these credit cards work?

    Balance transfer credit cards let you move debt from an existing credit card (or store card) where you might be paying interest as high as 20% or more. Transferring the balance gets you low interest - and sometimes zero interest - for 6 or 12 months, or until the balance is paid off. It's a great way to save big time on interest and pay off that debt!

  • Are there fees or conditions for balance transfer deals?

    You won't be charged a fee for switching to a balance transfer credit card, but many do come with annual fees. Another trap to watch out for is that if you don't pay off the debt within the period of the balance transfer, the interest rate can shoot up to a cash or purchase rate of 20% or more. For more information on balance transfer tricks and tips, read our balance transfers explained at last guide.

  • So how do I apply online?

    Applying for a balance transfer credit card couldn't be easier. Once you've found the deal of your (financial) dreams simply hit 'go to site', to the right of the credit card. You'll be taken to the credit card provider, and subject to approval, can transfer that balance pronto.

Credit card comparisons on Mozo - rates updated daily

  • 0% balance transfer rate for 14 months
    MOZO EXPERTS CHOICE 2017
    promoted

    Woolworths Everyday Platinum Credit Card

    • $50 Woolworths eGift card after you make your first purchase (T&C’s Apply)
    • 10% off your 1st Woolworths shop on selected dates once a month
    • $0 annual fee for the first year (saving $49)

    balance
    transfer rate

    0% p.a. for 14 months and then 21.99% p.a.

    annual
    fees

    $49 $0 in the first 1 year

    purchase
    rate

    19.99% p.a.

  • 0% p.a. 16 months on BT
    promoted

    ANZ First

    • Available with Android, Samsung and Apple Pay
    • 0% p.a. first 16 months on balance transfers with a 2% Balance Transfer fee
    • Low annual fee

    balance
    transfer rate

    0% p.a. for 16 months and then 21.49% p.a. (2.00% balance transfer fee)

    annual
    fees

    $30

    purchase
    rate

    19.74% p.a.

  • 0% p.a. on BT for 12 months
    MOZO EXPERTS CHOICE 2017
    promoted

    American Express Essential Credit Card

    • 0% p.a. on balance transfers for the first 12 months — A one-off credit plan establishment fee of 3% applies
    • Earn up to 1 Membership Rewards point for every $1 spent
    • $0 annual fee

    balance
    transfer rate

    0% p.a. for 12 months and then 14.99% p.a. (3.00% balance transfer fee)

    annual
    fees

    $0

    purchase
    rate

    14.99% p.a.

  • 0% p.a. on BT for 18 months
    promoted

    Virgin Money Virgin Australia Velocity Flyer Card - Balance Transfer and Points Offer

    • 0% p.a. on balance transfers for 18 months
    • Earn 3 bonus Velocity Points on top of standard earn rates in first 3 months
    • Annual Fee refunded in the first year if you spend $1,000 per month for first 6 months.

    balance
    transfer rate

    0% p.a. for 18 months and then 20.99% p.a.

    annual
    fees

    $129 Refunded in the first year if you spend $1,000 per month in the first 6 months.

    purchase
    rate

    20.74% p.a.

  • 0% p.a. for 24 months on balance transfers
    promoted

    Westpac Low Rate

    Exclusive Offer

    • 0% p.a. for 24 months on balance transfers
    • Login quickly and securely using fingerprint login
    • Bank on-the-go with Westpac Mobile Banking

    balance
    transfer rate

    0% p.a. for 24 months and then 21.49% p.a. (2.00% balance transfer fee)

    annual
    fees

    $59

    purchase
    rate

    13.49% p.a.

  • 0% balance transfer rate for 18 months
    promoted

    Suncorp Clear Options Platinum

    • 0% p.a. for 18 months on balance transfers
    • 3x Reward Points on everyday Eligible Transactions in the first 6 months (T&Cs apply)
    • Up to 55 days interest free on retail purchases (T&Cs apply)

    balance
    transfer rate

    0% p.a. for 18 months and then 21.99% p.a.

    annual
    fees

    $129

    purchase
    rate

    20.74% p.a.

  • 0% p.a. on BT for 12 months
    MOZO EXPERTS CHOICE 2017
    promoted

    American Express Velocity Escape Card

    • 0% p.a. on balance transfers for the first 12 months (1% BT fee applies)
    • No annual fee
    • Earn 1 Velocity Point per $1 spent (T&Cs apply)

    balance
    transfer rate

    0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    annual
    fees

    $0

    purchase
    rate

    20.74% p.a.

  • 0% p.a. on BT for 12 months
    MOZO EXPERTS CHOICE 2017
    promoted

    American Express Platinum Edge Credit Card

    • 0% p.a. on balance transfers for the first 12 months (T&Cs apply)
    • $200 travel credit
    • Earn up to 3 Membership Rewards points for every $1 spent

    balance
    transfer rate

    0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    annual
    fees

    $195

    purchase
    rate

    20.74% p.a.

  • 0% p.a. on BT for 12 months
    MOZO EXPERTS CHOICE 2017
    promoted

    American Express Velocity Platinum Card

    • 0% p.a. on balance transfers for the first 12 months
    • Earn up to 2.5 Velocity points per dollar spent on eligible purchases
    • Receive 50,000 Membership Rewards Bonus Points (T&Cs apply)

    balance
    transfer rate

    0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    annual
    fees

    $375

    purchase
    rate

    20.74% p.a.

  • 0% BT offer for 12 months
    MOZO EXPERTS CHOICE 2017
    promoted

    American Express Qantas Premium Card

    • Earn 1.25 Qantas Points per $1 spent on eligible purchases
    • Receive 30,000 bonus Qantas Points (T&Cs apply)
    • Enjoy 2 Qantas Club Lounge invitations every year

    balance
    transfer rate

    0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    annual
    fees

    $249

    purchase
    rate

    20.74% p.a.

  • 0% p.a on BT for 6 months
    promoted

    NAB Rewards Signature Card

    • Earn 100,000 Bonus Points
    • Up to 44 days interest free on purchases (see T&C's)

    balance
    transfer rate

    4.99% p.a. for 6 months and then 21.74% p.a.

    annual
    fees

    $295

    purchase
    rate

    19.99% p.a.

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