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Compare Balance Transfer Credit Cards

Compare Balance Transfer credit cards and fees

  • Balance Transfer rates of 0% are ideal
  • Look for the longest terms available
  • Lower your repayments with a transfer

Try the Advanced Search - to refine your options further

Card Rewards Points Annual Fee Interest Rate Balance Transfer  
Westpac Altitude Credit Card
Westpac Altitude Credit Card
0% Interest 12 months
  • Receive 2 cards with one account - AMEX and Visa
  • Earn Altitude Points for every $1 spent
  • Free Additional Cardholder
up to2 $100 0%
for 12 months
then 20.24%
3.99%for 6 months
More details...
Westpac Altitude Platinum Credit Card
Westpac Altitude Platinum Credit Card
0% Interest 12 months
  • Receive 2 cards with one account - AMEX and Visa
  • Free Additional Cardholder
  • Range of Complimentary Insurances
up to2 $150 0%
for 12 months
then 20.24%
3.99%for 6 months
More details...
St.George Vertigo Card
St.George Vertigo Card
0% Balance Transfers for 14 Months
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  $55 13.24% 0%for 14 months
More details...
St.George Vertigo Platinum Card
St.George Vertigo Platinum Card
0% Balance Transfers for 14 Months
  • Range of Complimentary Insurance Covers
  • 3 Free Additional Cardholders
  • Personal Concierge Service
  $99 12.74% 0%for 14 months
More details...
American Express Qantas American Express Discovery Credit Card
American Express Qantas American Express Discovery Credit Card
7,500 Bonus Qantas Points
  • Earn Uncapped Qantas Points for every $1 spent
  • No Annual Fee
  • Free Additional Cardholder
1 $0 20.74% 0.99%for 6 months
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American Express Qantas American Express Ultimate Credit Card
American Express Qantas American Express Ultimate Credit Card
Up to 50,000 Bonus Qantas points
  • Earn Qantas Points for every $1 spent
  • Complimentary Annual Qantas Domestic Return Economy Flight
  • Range of Included Travel Insurances
up to3 $450 20.74% 0.99%for 6 months
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NAB Qantas Rewards Premium Card
NAB Qantas Rewards Premium Card
40,000 Bonus Qantas Points
  • 2 cards for Maximum Qantas Points - AMEX and Visa
  • Seven Complimentary Insurances
  • NAB Platinum Concierge
up to1.5 $250 19.99% 4.99%for 6 months
More details...
NAB Low Rate Card
NAB Low Rate Card
0% Purchase Interest
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  • 24/7 emergency travel assistance
  $59 0%
for 12 months
then 13.99%
4.99%for 6 months
More details...
NAB Velocity Rewards Card
NAB Velocity Rewards Card
10,000 Bonus Velocity Points
  • Receive 2 cards with one account - AMEX and Visa
  • Purchase Protection Insurance
  • Free Additional Cardholder
up to1 $65 19.99% 4.99%for 6 months
More details...
NAB Velocity Rewards Premium Card
NAB Velocity Rewards Premium Card
20,000 Bonus Velocity Points
  • Receive 2 cards with one account - AMEX and Visa
  • Seven Complimentary Insurances
  • Platinum Concierge Service
up to1.5 $150 19.99% 4.99%for 6 months
More details...
Citibank Clear Platinum Credit Card
Citibank Clear Platinum Credit Card
0% Interest & Annual Fee Halved
  • Free bottle of wine when dining at partner restaurants
  • Range of Complimentary Insurances
  • Personal Concierge Service
  $99 0%
for 9 months
then 13.99%
0%for 9 months
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Citibank Emirates Citibank World MasterCard®
Citibank Emirates Citibank World MasterCard®
Discounted Annual Fee & up to 40,000 Bonus Skywards Miles
  • Earn Skywards Miles
  • Range of Complimentary Emirates Benefits
  • Redeem Skywards Miles on Emirates flights & partner airlines
up to2 $299 20.99% 0%for 9 months
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HSBC Credit Card
HSBC Credit Card
0% Balance Transfers
  • No Annual Fee for life of card
  • Free Additional Cardholders
  • home&Away privilege program
  $0 17.99% 0%for 6 months
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NAB Qantas Rewards Card
NAB Qantas Rewards Card
20,000 Bonus Qantas points
  • Receive 2 cards with one account - AMEX and Visa
  • Earn Qantas Points for every $1 spent
  • Purchase Protection Insurance
up to1 $65 19.99% 4.99%for 6 months
More details...
Virgin Money No Annual Fee Credit Card
Virgin Money No Annual Fee Credit Card
0% Balance Transfers
  • No Annual Fee for life of card
  • Free Additional Cardholder
  • Fraudshield® security protection
  $0 18.99% 0%for 14 months
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Virgin Money Virgin Australia Velocity Flyer Credit Card
Virgin Money Virgin Australia Velocity Flyer Credit Card
0% Interest or Bonus Points Offer
  • Earn Velocity Points for every $1 spent
  • Reduced Virgin Australia flights offer (conditions apply)
  • Personal Concierge Service
up to1 $129 0%
for 12 months
then 20.74%
0%for 6 months
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Bank of Queensland Platinum Visa Credit Card
Bank of Queensland Platinum Visa Credit Card
Half annual fee + 0% Balance Transfers
  • Earn Reward Points for every $1 spent
  • Complimentary Insurances
  • Concierge Service
2 $199 20.74% 0%for 12 months
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Citibank Select Credit Card
Citibank Select Credit Card
60,000 Bonus Reward Points & 0% Balance Transfers
  • Citibank Rewards or Citibank Qantas Rewards Program
  • Range of travel rewards
  • Free Additional Cardholders
2 $700 20.74% 0%for 6 months
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American Express Platinum Edge Credit Card
American Express Platinum Edge Credit Card
5,000 Bonus Points + No Annual Fee First Year
  • Complimentary Return Domestic Flight every year
  • Range of Complimentary Insurances
  • Earn up to 3 Membership Reward Points per dollar
up to3 $195 20.74% 0.99%for 6 months
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BankSA Amplify Credit Card
BankSA Amplify Credit Card
5,000 Bonus Points
  • Choose Amplify Rewards or Amplify Qantas
  • Complimentary Qantas Frequent Flyer Membership
  • Free Addtitional Cardholder
1 $79 19.49% 0%for 9 months
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St.George Amplify Credit Card
St.George Amplify Credit Card
5,000 Bonus Points
  • Choose Amplify Rewards or Amplify Qantas
  • Complimentary Qantas Frequent Flyer Membership
  • Free Addtitional Cardholder
1 $79 19.49% 0%for 9 months
More details...
NAB Low Fee Card
NAB Low Fee Card
$0 Annual Fee
  • Choice of Visa or MasterCard
  • Free Addtional Cardholder
  • Purchase Protection Insurance
  $30 19.74% 4.99%for 6 months
More details...
NAB Premium Card
NAB Premium Card
0% Balance Transfers for 15 months
  • Seven Complimentary Insurances
  • Free Additional Cardholder
  • VIP Lost Card Cover for first 12 months
  $90 19.74% 0%for 15 months
More details...
Westpac Low Rate Visa Card
Westpac Low Rate Visa Card
0% Balance Transfers
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  $59 13.49% 0%for 14 months
More details...
Westpac Singapore Airlines Platinum Card
Westpac Singapore Airlines Platinum Card
10,000 Bonus Miles
  • Earn Singapore Airlines KrisFlyer miles for every $1 spent
  • Two Cards linked to the one account - AMEX and Visa
  • Extended Complimentary Insurances
up to1.5 $250 19.74% 0.99%for 6 months
More details...
Westpac 55 Day Visa Credit Card
Westpac 55 Day Visa Credit Card
No Annual Fee Ever
  • Ongoing Low Annual Fee
  • Free Additional Cardholder
  $30 19.84% 0%for 6 months
More details...
Westpac 55 Day Platinum Visa Card
Westpac 55 Day Platinum Visa Card
No Annual Fee Ever
  • Extended Complimentary Insurances
  • Platinum Concierge
  • Falcon Fraud Protection
  $90 19.84% 0%for 6 months
More details...
American Express Velocity Platinum Card
American Express Velocity Platinum Card
50,000 Bonus Velocity Reward Points
  • Earn Velocity Points for every $1 spent
  • Free Additional Cardholders
  • Complimentary Virgin Australia Domestic Flight Every Year
up to3 $349 20.74% 0.99%for 6 months
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HSBC Platinum Qantas Credit Card
HSBC Platinum Qantas Credit Card
20,000 Bonus Qantas Points
  • Earn Qantas Points
  • Complimentary Membership Qantas Frequent Flyer Program
  • Range of Complimentary Insurances
up to2 $199 19.99% 0%for 6 months
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Citibank Classic Rewards Credit Card
Citibank Classic Rewards Credit Card
0% Balance Transfers 18 Months
  • Earn 1 Reward Point per $1 spent
  • Complimentary Purchase Cover Insurance & Guaranteed Pricing
  • Free Bottle of Wine when dining at partner restaurants
1 $89 20.99% 0%for 18 months
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Citibank Platinum Rewards Credit Card
Citibank Platinum Rewards Credit Card
0% Purchases & Balance Transfers
  • Earn Up to 3 Rewards Points for every $1 spent
  • VISA Travel and Entertainment Deals
  • Range of Complimentary Insurances
up to3 $199 0%
for 15 months
then 20.99%
0%for 12 months
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Virgin Money Virgin Australia Velocity High Flyer Credit Card
Virgin Money Virgin Australia Velocity High Flyer Credit Card
20,000 bonus Velocity Points
  • Earn Uncapped Velocity Points
  • Reduced Virgin Australia flights offer (conditions apply)
  • Range of Complimentary Insurances
1.25 $289 20.74% 1.9%for 12 months
Go to site
Citibank Rewards Credit Card - Signature
Citibank Rewards Credit Card - Signature
Reduced Annual Fee & 60,000 Bonus Points
  • Citibank Rewards or Citibank Qantas Rewards Program
  • Priority Pass™ membership and two airport lounge visits per year
  • Range of Complimentary Insurances
1.5 $299 20.99% 0%for 6 months
Go to site
Bank of Melbourne Vertigo Card
Bank of Melbourne Vertigo Card
0% on Balance Transfers for 14 Months
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  $55 13.24% 0%for 14 months
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HSBC Platinum Credit Card
HSBC Platinum Credit Card
$0 Annual Fee + 10,000 Reward Points
  • Free Additional Cardholders
  • Range of Complimentary Insurances
  • Platinum Concierge Service
1 $0 19.99% 0%for 8 months
Go to site
BankSA Vertigo Card
BankSA Vertigo Card
0% Balance Transfers for 14 Months
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  $55 13.24% 0%for 14 months
Go to site
BankSA Vertigo Platinum Card
BankSA Vertigo Platinum Card
0% Balance Transfers for 14 Months
  • Range of Complimentary Insurance Covers
  • 3 Free Additional Cardholders
  • Personal Concierge Service
  $99 12.74% 0%for 14 months
Go to site
Bank of Melbourne Amplify Card
Bank of Melbourne Amplify Card
5,000 Bonus Points
  • Choose Amplify Rewards or Amplify Qantas
  • Complimentary Qantas Frequent Flyer Membership
  • Free Addtitional Cardholder
1 $79 19.49% 0%for 9 months
Go to site
Virgin Money Low Rate Credit Card
Virgin Money Low Rate Credit Card
0% Balance Transfers
  • Ongoing Low Purchase Interest Rate
  • Fraudshield® security protection
  $99 10.99% 0%for 6 months
Go to site
NAB flybuys Reward Card
NAB flybuys Reward Card
10,000 Bonus flybuys points
  • Earn flybuys points for every $1 spent
  • Free Additional Cardholder
  • Seven Complimentary Insurances
1 $65 19.99% 4.99%for 6 months
More details...
Bank of Melbourne Vertigo Platinum Card
Bank of Melbourne Vertigo Platinum Card
0% on Balance Transfers for 14 Months
  • Range of Complimentary Insurance Covers
  • 3 Free Additional Cardholders
  • Personal Concierge Service
  $99 12.74% 0%for 14 months
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American Express Velocity Escape Card
American Express Velocity Escape Card
7,500 Bonus Velocity Reward Points
  • No Annual Fee
  • Earn Uncapped Velocity Points for every $1 spent
  • Free Additional Cardholders
up to2 $0 20.74% 0.99%for 6 months
Go to site
American Express Low Rate Credit Card
American Express Low Rate Credit Card
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholders
  • Refund/ Purchase Protection
  $65 11.99% 0.99%for 6 months
Go to site
American Express Platinum Rewards Credit Card
American Express Platinum Rewards Credit Card
5,000 Bonus Points + No Annual Fee First Year
  • No Annual Fee First Year
  • Complimentary Membership Rewards Program
  • Refund/ Purchase Protection
up to2 $80 20.74% 0.99%for 6 months
Go to site
Citibank Citibank Credit Card - Qantas Signature
Citibank Citibank Credit Card - Qantas Signature
50,000 Bonus Points
  • Citibank Qantas Rewards Program
  • Priority Pass™ membership and two airport lounge visits per year
  • Range of Complimentary Insurances
  $299 20.99% 0%for 6 months
Go to site

Current Credit
Card Promotions

The market for credit cards is constantly changing so it can be hard to find current credit card promotions. Whether you want a low fee, low interest, balance transfer, or Frequent Flyer rewards credit card - you can compare credit card promotions here to find a credit card to suit your needs. Each month we will compare credit card offerings from major Australian lenders and bring you a selection of new credit card promotions.

How do we choose the monthly promotions?

Each month, there's a range of promotional offers available from credit card providers and we highlight a selection of notable offers based on the relative size or discount offered by the provider. To qualify for listing on this page, the offer needs to be a special offer beyond the standard product construct offered normally on the credit card. For some of the credit cards on WhistleOut, we can receive commissions if you apply for the credit card. Please ensure you consider the full terms and conditions of each card and that whether the promotional offer suits you at this time.


Qantas American Express Ultimate Credit Card

Qantas American Express

Ultimate Credit Card

Up to 50,000 Bonus Qantas Points

Receive up to 50,000 bonus Qantas Points if you apply by 31 January 2015 and make the eligible card spend(s). Offer available to new AMEX Qantas Ultimate cardholders. Pay only $250 Annual Fee for the first year with the Qantas American Express Ultimate Card. Plus pay 0.99% interest on Balances Transferred for the first 6 months. (1% balance transfer fee applies).

This promotion includes:

  • Up to 50,000 Bonus Qantas Points
  • 0.99% pa on balance transfers for 6 months
  • Earn up to 3 points per dollar spent
  • Up to 44 days interest free
  • Reduced annual fee for first year

Apply for this card now:

Go to site

Low Rate Credit Card

Virgin Money

Low Rate Credit Card

0% pa on Balance Transfers For 6 Months

Get 0% pa for 6 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. Offer available until 4 January 2015.

Virgin Money are promoting:

  • 0% pa on balance transfers for 6 months
  • Low 10.99% pa variable interest rate
  • Up to 44 days interest free
  • Additional card holders available

Apply for this card now:

Go to site

0% pa Balance Transfer For 9 Months

The Clear Platinum credit card from Citibank offers 0% pa for 9 months on balance transfers. You also pay only half the usual annual fee of $99 - just $49 for the first year!

This promotion from Citibank includes:

  • Up to 55 days interest free
  • 0% pa for 9 months on balance transfers
  • Visa 24 hour conceirge service
  • $49 Annual fee for the first year

Apply for this card now:

Go to site

20,000 Bonus Velocity Points

With the Low Fee Card from NAB you can receive 20,000 bonus Velocity Points when you apply before 19 October 2014.

This promotion from NAB includes:

  • 20,000 bonus Velocity Points
  • 4.99% pa on balance transfers for 6 months
  • Up to 44 days interest free on purchases
  • $65 Annual fee

Apply for this card now:

Go to site

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 providers...

American Express Credit Cards NAB Credit Cards St.George Credit Cards Woolworths Credit Cards Coles Credit Cards Bank of Queensland Credit Cards
Commonwealth Bank Credit Cards Citibank Credit Cards Westpac Credit Cards BankSA Credit Cards Bank of Melbourne Credit Cards Suncorp Bank Credit Cards
Virgin Money Credit Cards HSBC Credit Cards

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.
 

Credit Card Offers

Credit Card Promotions Wrap-Up: October Edition

Credit Card Promotions Wrap-Up: October Edition

Editor's overview four promotions available on Credit Cards in October.