Balance transfer
credit cards

A balance transfer credit card can help you to reduce your interest payments and get out of debt. See how much you could save by transferring to one of the balance transfer deals on Mozo in the table below.

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How do these BT 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 to a new card with 0% or low interest. The balance transfer period will depend on the credit card provider regardless of whether you get a 12 month or 18 month interest free period it can be a great way to save big time on interest and pay off that debt!

Are there fees or conditions for balance transfer deals?

Some credit cards will have a BT handling fee which is usually a percentage of the amount of money you transfer to the new card. Most balance transfer cards will 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 here on Mozo 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.

Balance transfer credit card comparisons on Mozo - rates updated daily

Want more? Compare all 212 credit cards in the Mozo comparison engine.

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Balance transfer credit cards

Have you racked up debt on your credit card with a high interest rate attached? If you sighed “yes” then a balance transfer card could help you ditch that debt for good.

A balance transfer works by allowing you to move your existing credit card debt across to a new credit card and pay low or no interest at all on your transferred debt for a set period, usually between 3 - 24 months. The obvious benefit is that without a hefty interest rate hanging over your head you can repay that debt faster, because more of your repayments are going towards your balance rather than interest charges.

    How much could I save with a balance transfer? 

    How do I avoid the traps of a balance transfer card? 

    How do I transfer my debt?

    Am I eligible for a balance transfer?

    Does it cost anything to transfer debt?

    Are there interest free days with BT cards?

Credit Card Reviews

NAB
NAB Low Rate Card credit card review

Overall rating   5 / 10

Great customer service

The staff are always very helpful and pleasant when I have questions or enquiries.

Full review

Catherine (QLD), reviewed about 1 hour ago

ANZ
ANZ Low Rate credit card review

Overall rating   5 / 10

Fine

I would advise not to trust ANZ too early.

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Debbie (WA), reviewed about 1 hour ago

ANZ
ANZ credit card review

Overall rating   8 / 10

Excellent service

Overall reliable and friendly website.

Full review

Anthony (QLD), reviewed about 2 hours ago

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