Balance Transfer for 12 Month Credit Card Offers

12 month balance transfer options give you some more time to pay off your debt compared to many 6 month options, although you will generally be charged a higher introductory balance transfer rate.

Cut Interest & Keep Rewards with 12 months on Balance Transfers

For those unaware, a balance transfer offer on a credit card allows you to transfer your current credit card balance over and repay it at a much lower interest rate.

In short, the only catches involved are the cost of the new card annual fee upfront, and the concept of 'purchasing on top of a transferred balance'.

Featured Low Interest Rate Credit Card

The St George Vertigo allows you to get in control of your finances. It features a very attractive introductory rate on purchases and balance transfers rate for the first 12 months, and a low annual fee. Get up to 55 days interest free on purchases.

• $55 annual fee
• 13.24% p.a. on purchases
• 0.99% p.a. for 12 months on balance transfers
• Cash Advance Rate of 21.49% p.a.
• 55 days interest free
• Minimum Income Requirement of $15,000 p.a.

Read the St George Vertigo terms and conditions.

12 month Balance Transfer Credit Cards Comparison

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	St George Vertigo	One of the lowest rate credit cards in Australia featuring a low purchase & balance transfer rate. Limited time offer.	13.24%	0.99% for 12 months	$55	21.49%
	Bank of Melbourne Vertigo Credit Card	Low 12 month balance transfer offer. Apply by 29 February 2012.	13.24%	0.99% for 12 months	$55	21.49%
	Citibank Clear Platinum Card	An introductory long term balance transfer offer with a low ongoing rate on purchases.	11.99%	2.9% for 12 months	$99	21.74%
	NAB Gold Card	Benefit from gold credit card with a balance transfer offer.	19.74%	1% for 12 months	$90	21.74%
	Virgin Flyer Credit Card	An introductory balance transfer offer plus earn 1 Velocity Point per $1 spent up to $1,500 per month, then 1 Velocity Point for every $2. Comes with 4 free flights a year, every year!	20.99%	1.9% for 9 months	$99	20.99%
	Bankwest Zero MasterCard	A great $0 annual fee credit card, with great introductory offer.	1% for 6 months (reverts to 17.99% )	4.99% for 12 months	$0	18.99%
	Citibank Rewards Credit Card - Platinum Card	A low balance transfer offer and a host of platinum privileges. Earn up to 3 Citibank Reward points for every $1 spend.	20.99%	0.9% for 9 months	$199	21.74%
	CUA Platinum MasterCard	A platinum credit card with an introductory offer on balance transfers, plus a low annual fee.	20.24%	0% for 9 months	$89 for the first year ($179 thereafter )	21.24%
	Bankwest Breeze MasterCard	Save with a low ongoing rate on purchases, 55 days interest free and a low annual fee.	10.99%	4.99% for 12 months	$69	21.99%
	Virgin High Flyer Credit Card	A low balance transfer offer, plus earn 2.5 velocity points per $1 spent for first 3 months.	20.99%	1.9% for 6 months	$249	20.99%
	Virgin No Annual Fee Credit Card	A great no annual fee card with a balance transfer offer to add.	18.99%	2.9% for 6 months	$0	20.99%
	Westpac Low Rate Card	A simple low interest rate credit card featuring a low interest balance transfer offer and 55 days interest free on purchases. Available in either a Visa or MasterCard.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%

Blast Your Debt Away

Are you currently struggling to pay off your credit card debts? A great solution is to use a balance transfer for 12 months to give yourself the time you need to repay your debts.When you owe money to a lender you get charged high interest rates - rates that are often in the high 10s or low 20s. Every passing month with unpaid debt will add a huge amount of extra debt to your existing debt because of the compounding effect of interest.

How Does it Work?

• You must have a good credit rating
• You have to be a permanent Australian resident
• You must be 18 years or older

Why You Need a Balance Transfer for 12 Months

The simple answer is time. Of course it gets way more complex than this when you dig down into your personal finances. You'd have to ask yourself why you got into your debt in the first place. If your debt is very small, then you might want to choose a zero interest card instead, but for larger debts you can't grumble with a higher Interest rate in exchange for a longer time period.

A Rewarding Plan

As a general rule of thumb, reward credit cards won't be very rewarding if you more than regularly have to pay interest on your purchases. If you've racked up a mountain of purchases and can't afford to repay them anytime soon, consider a balance transfer which gives you a lengthy 12 months to repay.

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%
	American Express Qantas Discovery Card	Earn Qantas Frequent Flyer points, plus take advantage of the no annual fee offer.	20.74%		$0	20.74%