|
Card
|
Rewards Points
|
Annual Fee
|
Interest Rate
|
Balance Transfer
|
|
|
- No Annual Fee for life of card
- 6 Month Balance Transfer Offer
- home&Away privilege program
|
|
$0
|
17.99%
|
0%for 6 months
|
Go to site
|
|
0% Balance Transfers- No Annual Fee for life of card
- 9 Month Balance Transfer Offer
- Range of Complimentary Insurances
|
|
$0Current Deal
|
17.99%
|
0%for 9 months
|
Go to site
|
|
0% Balance Transfers- No Annual Fee for life of card
- 9 Month Balance Transfer Offer
|
|
$0Current Deal
|
17.99%
|
0%for 9 months
|
Go to site
|
|
0% Balance Transfers- No Annual Fee for life of card
- 9 Month Balance Transfer Offer
- Range of Complimentary Insurances
|
|
$0Current Deal
|
17.99%
|
0%for 9 months
|
Go to site
|
|
0% Interest & Annual Fee Halved- Half Price Annual Fee First Year
- 0% Interest for 6 Months
- Range of Complimentary Insurances
|
|
$99Save $50
|
0%
for 6 months
then 11.99%
|
0%for 6 months
|
Go to site
|
|
- Ongoing Low Interest Rate
- 9 Month Balance Transfer Offer
|
|
$49
|
12.49%
|
0%for 9 months
|
Go to site
|
|
0% on Balance Transfers for 8 Months- 8 Month Balance Transfer Offer
- Ongoing Low Purchase Interest Rate
|
|
$55Current Deal
|
13.24%
|
0%for 8 months
|
Go to site
|
|
- 6 Month Balance Transfer Offer
- Ongoing Low Purchase Interest Rate
|
|
$55
|
13.49%
|
0%for 6 months
|
More details...
|
|
0% on Balance Transfers for 8 Months- 8 Month Balance Transfer Offer
- Ongoing Low Purchase Interest Rate
|
|
$55Current Deal
|
13.24%
|
0%for 8 months
|
Go to site
|
|
0% on Balance Transfers for 8 Months- 8 Month Balance Transfer Offer
- Ongoing Low Purchase Interest Rate
|
|
$55Current Deal
|
13.24%
|
0%for 8 months
|
Go to site
|
|
0% Purchases + Balance Transfers- 0% Purchase Interest 4 for months
- 6 Month Balance Transfer Offer
- Low Ongoing Purchase Interest Rate
|
|
$59Current Deal
|
0%
for 4 months
then 11.99%
|
0%for 6 months
|
Go to site
|
|
4,000 Bonus Points Offer - Earn Reward Points for every $1 spent
- 6 Month Balance Transfer Offer
|
1.5
|
$70Current Deal
|
19.49%
|
0%for 6 months
|
Go to site
|
|
2,000 Bonus Points Offer - Earn Qantas Frequent Flyer Points as you spend
- 6 Month Balance Transfer Offer
- Bonus Points Offer
|
0.5
|
$80Current Deal
|
19.49%
|
0%for 6 months
|
Go to site
|
|
0% on Balance Transfers for 8 Months- 8 Month Balance Transfer Offer
- Range of Complimentary Insurance Covers
|
|
$89Current Deal
|
15.99%
|
0%for 8 months
|
Go to site
|
|
0% Purchases + Balance Transfers- 0% Interest Rate Offers
- Low Ongoing Purchase Interest Rate
- Range of Complimentary Insurances
|
|
$89Current Deal
|
0%
for 4 months
then 11.99%
|
0%for 6 months
|
Go to site
|
|
0% on Balance Transfers for 8 Months- 8 Month Balance Transfer Offer
- Range of Complimentary Insurance Covers
|
|
$89Current Deal
|
15.99%
|
0%for 8 months
|
Go to site
|
|
0% on Balance Transfers for 8 Months- 8 Month Balance Transfer Offer
- Range of Complimentary Insurance Covers
|
|
$89Current Deal
|
15.99%
|
0%for 8 months
|
Go to site
|
|
0% Purchases + Balance Transfers- 0% Interest Rate Offers
- Low Ongoing Purchase Interest Rate
- Range of Complimentary Insurances
|
|
$99Current Deal
|
0%
for 4 months
then 11.99%
|
0%for 6 months
|
Go to site
|
|
- Ongoing Low Interest Rate
- 9 Month Balance Transfer Offer
- Range of Complimentary Insurances
|
|
$99
|
13.29%
|
0%for 9 months
|
Go to site
|
|
8,000 Bonus Points Offer - Earn Reward Points for every $1 spent
- 6 Month Balance Transfer Offer
- Range of Complimentary Insurance Covers
|
1.5
|
$120Current Deal
|
19.49%
|
0%for 6 months
|
Go to site
|
|
Balance Transfer or Bonus Points Offer- Earn Velocity Points for every $1 spent
- Choice of Bonus Points or Balance Transfer Offer
- Complimentary Virgin Australia domestic seat (conditions apply)
|
up to1
|
$129Current Deal
|
20.99%
|
0%for 9 months
|
Go to site
|
|
0% Balance Transfers + 25,000 Reward Points- Bonus Rewards Points Offer
- 8 Month Balance Transfer Offer
- Range of Complimentary Insurances
|
1
|
$129Current Deal
|
19.99%
|
0%for 8 months
|
Go to site
|
|
16,000 Bonus Points - Earn Reward Points for every $1 spent
- 6 Month Balance Transfer Offer
- Range of Complimentary Insurance Covers
|
2
|
$130Current Deal
|
19.49%
|
0%for 6 months
|
Go to site
|
|
4,000 Bonus Points Offer - Earn Qantas Frequent Flyer Points as you spend
- 6 Month Balance Transfer + Bonus Points Offer
- Range of Complimentary Insurances
|
0.5
|
$130Current Deal
|
19.49%
|
0%for 6 months
|
Go to site
|
|
8,000 Bonus Points Offer- Earn Qantas Frequent Flyer Points as you spend
- 6 Month Balance Transfer + Bonus Points Offer
- Range of Complimentary Insurances
|
1
|
$140Current Deal
|
19.49%
|
0%for 6 months
|
Go to site
|
|
- 6 Month Balance Transfer Offer
- Earn Reward Points for every $1 spent
|
2
|
$199
|
20.74%
|
0%for 6 months
|
More details...
|
|
20,000 Bonus Qantas Frequent Flyer Points- Earn Qantas Frequent Flyer Points
- Bonus Points Offer + 6 Month Balance Transfer Offer
- Range of Complimentary Insurances
|
up to2
|
$199Current Deal
|
20.99%
|
0%for 6 months
|
Go to site
|
|
Annual Fee Halved & 0.9% Balance Transfers- 12 Month Balance Transfer + Half Price Annual Fee Offers
- Earn Suncorp Rewards Points
- Complimentary Insurances
|
1
|
$120Save $61
|
20.50%
|
0.9%for 12 months
|
Go to site
|
|
Balance Transfer & 10,000 Bonus Points- Bonus Points and Balance Transfer Offers
- 2 Cards linked to the one account
- Earn Qantas Frequent Flyer Points for every $1 spent
|
up to1
|
$75Current Deal
|
19.99%
|
0.99%for 6 months
|
Go to site
|
|
- 6 Month Balance Transfer Offer
- Choose Amplify Rewards or Amplify Qantas
|
1
|
$79
|
18.74%
|
0.99%for 6 months
|
Go to site
|
|
- 6 Month Balance Transfer Offer
- Choose Amplify Rewards or Amplify Qantas
|
1
|
$79
|
18.74%
|
0.99%for 6 months
|
Go to site
|
|
- 6 Month Balance Transfer Offer
- Choose Amplify Rewards or Amplify Qantas
|
1
|
$79
|
18.74%
|
0.99%for 6 months
|
Go to site
|
|
Balance Transfer & 20,000 Bonus Points- Bonus Points and Balance Transfer Offers
- 2 Cards linked to the one account
- Earn Qantas Frequent Flyer Points for every $1 spent
- Range of Complimentary Insurances
|
up to1
|
$125Current Deal
|
19.99%
|
0.99%for 6 months
|
Go to site
|
|
Balance Transfer & 10,000 Bonus Points- 6 Month Balance Transfer Offer
- Earn Singapore Airlines KrisFlyer miles for every $1 spent
- 2 Cards linked to the one account
- Extended Complimentary Insurances
|
up to1.5
|
$250Current Deal
|
19.49%
|
0.99%for 6 months
|
Go to site
|
|
1% on Balance Transfers- 12 Month Balance Transfer Offer
- Seven Complimentary Insurances
- Choice of Visa or MasterCard
|
|
$90Current Deal
|
19.49%
|
1%for 12 months
|
More details...
|
|
17,000 Bonus Points + 1% Balance Transfers- Receive 2 cards with one account - AMEX and Visa
- 12 Month Balance Transfer Offer
- Seven Complimentary Insurances
|
up to1.5
|
$150Current Deal
|
19.99%
|
1%for 12 months
|
More details...
|
|
1% on Balance Transfers- 2 cards for Maximum Qantas Frequent Flyer Points - AMEX and Visa
- 12 Month Balance Transfer Offer
- Seven Complimentary Insurances
|
up to1.5
|
$250Current Deal
|
19.99%
|
1%for 12 months
|
More details...
|
|
- Earn Rewards Points for every $1 spent
- 15 Month Balance Transfer Offer
- Range of Complimentary Insurances
|
up to3
|
$199
|
20.99%
|
1.5%for 15 months
|
Go to site
|
|
Reduced Annual Fee- Earn Citibank Rewards Points for every $1 spent
- 15 Month Balance Transfer Offer
- Discounted Annual Fee in First Year
|
1.5
|
$395Save $196
|
20.99%
|
1.5%for 15 months
|
Go to site
|
|
- 6 Month Balance Transfer Offer
- Choice of Reward Benefits
- Redeem Points for Velocity or KrisFlyer Frequent Flyer points
|
1
|
$90
|
21.74%
|
1.9%for 6 months
|
Go to site
|
|
1.9% Balance Transfers - Earn Velocity Points for every $1 spent
- Complimentary Virgin Australia domestic seat (conditions apply)
- Range of Complimentary Insurances
|
1.25
|
$289Current Deal
|
20.99%
|
1.9%for 6 months
|
Go to site
|
|
2.9% on Balance Transfers- No Annual Fee for life of card
- 6 Month Balance Transfer Offer
- Free Additional Cardholder
|
|
$0Current Deal
|
18.99%
|
2.9%for 6 months
|
Go to site
|
|
2.9% Balance Transfers - Ongoing Low Purchase Interest Rate
- 9 Month Balance Transfer Offer
- Fraudshield® security protection
|
|
$99Current Deal
|
10.99%
|
2.9%for 9 months
|
More details...
|
|
3.9% Balance Transfers & 15,000 Bonus Skywards Miles- Earn Skywards Miles + Bonus Skywards Miles Offer
- Range of Complimentary Emirates Benefits
- 9 Month Balance Transfer Offer
|
1.5
|
$229Current Deal
|
20.99%
|
3.9%for 9 months
|
Go to site
|
|
0% Purchases & No Annual Fee First Year- 6 Month Purchase Interest Offer
- No Annual Fee in First Year
- Ongoing Low Annual Fee
|
|
$30Save $30
|
0%
for 6 months
then 19.59%
|
3.99%for 6 months
|
Go to site
|
|
Balance Transfer & No Annual Fee Offer- 6 Month Purchase Interest Offer
- No Annual Fee in First Year
- Extended Complimentary Insurances
|
|
$90Save $90
|
0%
for 6 months
then 19.59%
|
3.99%for 6 months
|
Go to site
|
|
0% Interest on Purchases - 6 Month Purchase Interest Offer
- Choice of Visa or MasterCard
- Ongoing Low Purchase Interest Rate
|
|
$45Current Deal
|
0%
for 6 months
then 13.49%
|
3.99%for 6 months
|
Go to site
|
|
Balance Transfer & 10,000 Bonus Points- 6 Month Balance Transfers + Bonus Points Offers
- Choice of 2 cards with one account
- Earn Altitude Points for every $1 spent
|
up to2
|
$100Current Deal
|
19.99%
|
3.99%for 6 months
|
Go to site
|
|
Balance Transfer & 20,000 Bonus Points- 6 Month Balance Transfers + Bonus Points Offers
- Choice of 2 cards with one account
- Range of Complimentary Insurances
|
up to2
|
$150Current Deal
|
19.99%
|
3.99%for 6 months
|
Go to site
|
|
4.9% Balance Transfers & 60,000 Bonus Reward Points- Citibank Rewards or Citibank Qantas Rewards Program
- Bonus Reward Points
- 9 Month Balance Transfer Offer
|
2
|
$700Current Deal
|
20.74%
|
4.9%for 9 months
|
Go to site
|
Current Credit Card Deals & Offers
The market for credit cards is constantly changing so it can be hard to find the best credit card deals. Whether you want a low fee, low interest, balance transfer, or Frequent Flyer rewards credit card - you can compare credit card deals here to find the best credit card to suit your needs. Each month we will compare all our credit card offers from major Australian lenders and bring you our pick of new credit card deals. The service is free, but the value is immense!
The deals here include bonus reward points, 0% balance transfer offers, extended interest free credit cards, and many more. Of course not everyone is suited to the same type of credit card, so please ensure you consider the full terms and conditions of each card.
Special Rate: 0% on Purchases for 6 months
This credit card offers 0% pa on purchases for the first 6 months, plus pay just 3.99% p.a. on balance transfers for 6 months (requested when you apply). For a low annual fee of $45 this Westpac Low Rate credit card provides up to 55 days interest free on purchases.
This offer includes:
- 0% pa on purchases for 6 months
- 3.99% pa on balance transfers for 6 months
- 13.49% pa variable interest rate
- Up to 55 days interest free
- MasterCard® PayPass™ or Visa payWave available
2.9% pa on Balance Transfers For 9 Months
Get 2.9% pa for 9 months on balances transferred to this Virgin Money Low Rate credit card, and enjoy a great low standard variable interest rate on purchases of just 10.99% pa.
Virgin Money are offering:
- 2.9% pa on balance transfers for 9 months
- Low 10.99% pa variable interest rate
- Up to 44 days interest free
- Additional card holders available
0% on Balance Transfers for 6 Months
Bankwest are currently offering their Zero Gold Mastercard credit card with 0%pa on balance transfers for six months. This credit card is offered for $0 annual fee and includes up to 55 days interest free on purchases.
This Bankwest credit card includes:
- 0% p.a. on balance transfers for 6 months
- 17.99% variable interest rate on purchases
- $0 Annual Fee
- Up to 55 days interest free
0% pa on Purchases For 6 Months
With the Clear Platinum credit card from Citibank you receive 0% pa on purchases, balance transfers, and cash advances for the first six months. You also pay only half the usual annual fee of $99 - just $49 for the first year!
This offer from Citibank includes:
- 0% pa for 6 months on purchases
- 0% pa for 6 months on balance transfers
- 0% pa for 6 months on cash advances
- $49 Annual fee for the first year
Credit Card Types: Low Rate Low Fee Balance Transfer Top Rewards Qantas Frequent Flyer Compare all listed cards
Current Special Offers - All Credit Cards
About Balance Transfer Credit Cards
If you have built up debt on your existing credit card (or on several credit cards) then a balance transfer offer on a new credit card can provide a method to reduce this immediate debt obligation.
Switching to a balance transfer card means that you’re asking the new credit card provider to pay off your outstanding balance on your old card and thereby transferring your existing debt to them, usually at a much lower interest rate (often 0% for 6 months). If you’re struggling with rising interest costs on an existing credit card debt, this exchange his should ultimately save you money. For the ‘balance transfer’ period you will have a lower monthly credit card repayment and your debt will not continue to grow at such a fast rate.
However, this transfer does not erase the debt and you’ll still need to pay that debt off the new card, ideally before the end of the balance transfer period when the interest rate on the new card returns to the default amount.
Getting Started with Balance Transfer Credit Cards
The obvious first step before you apply for a balance transfer credit card is to compare your options and to explore the market. If a balance transfer is your key objective with a new card, look for balance transfer cards with not only with a low or zero interest rate but those that also have long balance transfer periods.
Balance transfer rates that last for the life of the card are very difficult to find. A low balance transfer interest rate will usually revert to a higher standard rate of interest after a set period.
Length of Transfer
An important decision when selecting cards is the size of the balance you want to transfer and the options between longer transfers at a low rate vs. shorter transfers at zero percent interest.
To help understand how these things impact on your decision process, take this example.
If you’ve got a large balance of $10,000 and you’re looking at two balance transfer cards:
- Credit Card A: 0% on Balance Transfers for 6 months
- Credit Card B: 2.9% on Balance Transfers for 12 months
The key decision operator should be the speed at which you can pay back the $10,000 balance.
If you can pay down the $10,000 balance in 6 months, then Credit Card A will be a better option as you won’t be charged any interest if you pay the balance off within 6 months.
However, if you think it will take you longer, say 10-12 months to pay down the $10,000 balance, then paying a low rate for that entire period will be advantageous when compared against 6 months of zero interest on Credit Card A then 6 months at an APR of 20%.
It’s a pretty simple rule to use - the longest possible periods of lower interest rates you will provide the longest break in repayment pressure. Don’t be over exuberant just because you see a 0% offer. A balance transfer can help you get your finances back on track and you need to be realistic with this decision.
Why Banks Offer Balance Transfers
The credit card market is relatively saturated so to attract new customers, credit card providers have had to use new marketing ideas. With a balance transfer, they hope to tempt you with the low balance transfer rate to switch providers. From a profit perspective, cynical observers would say that the provider secretly hopes that you don’t manage to repay all your debt within this low interest rate period and that your debt will switch back to the higher standard variable rate at the end of the balance interest period.
As with every credit product, it is prudent to take your time when switching credit cards. Check out the small print in the terms and conditions to make sure there are no hidden catches or fees. Make sure there are no fees for transferring your balance and assess the other features of the balance transfer card to check that it is suited to your needs. Does the cheaper interest rate apply just to balance transfers or to new purchases too? Ideally it is best not to spend on your balance transfer card whilst you try to reduce your existing debt but if you do be careful as some banks will use your credit card repayments only to pay off your new debt and you will make no progress with reducing your transferred debt.
Transferring Your Balance
When applying for a balance transfer card, your balance transfer application has to happen at the same time as the credit card application. There will be a section on the credit card application form.
It will usually take around two weeks for your balance to transfer across to a new credit card and you can often transfer store card balances too.
Compare Credit Cards
Compare credit cards from the following credit card providers...
Disclaimer:
WhistleOut is not suggesting that you apply for a particular credit card provided by any of the following credit providers, nor are we trying to assist you to apply for a credit card from any of the following providers. We recommend that you seek professional advice before acting upon any information provided on this web site.
WhistleOut may receive a commission from some credit card providers.