Long Term Balance Transfer Credit Card Offers

    Who else wants to pay 0% on balance transfers? Find one of the longest balance transfers available today.

    One way to tackle your credit card debt is to apply for a balance transfer credit card and transfer your balance at a low interest rate for a set period of time.The longer the term of a balance transfer, the more time you’ll have to be able to pay off your debts before the balance transfer period expires and reverts to a higher interest rate.

    St.George Vertigo Visa Credit Card

    Long Term Balance Transfer Credit Card Offer

    For a limited time, the St.George Vertigo card offers a 14 month balance transfer offer with a great interest rate on purchases.

    • 0% p.a. for 14 months on balance transfers requested at card application
    • $55 annual fee
    • A variable purchase interest rate of 13.24% p.a.
    • Optional credit card protection. Covers you in the event you lose your job, become sick or have an accident

      Listed below are longer term month balance transfer options. However, you may also be interested in transfer offers in market with 0% balance transfer rates.

      Long Term Balance Transfer Credit Cards Comparison

      Rates last updated August 30th, 2014.

      Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
      St.George Vertigo Visa
      St.George Vertigo Visa
      A great value credit card for consumers with a low interest rate on purchases, balance transfers and a low annual fee. 13.24% p.a. 0% p.a. for 14 months $55 p.a. 21.49% p.a. Go to siteMore info
      ANZ Low Rate
      ANZ Low Rate
      Offering a low interest on balance transfers and purchases. 13.49% p.a. 0% p.a. for 16 months $58 p.a. 21.74% p.a. Go to siteMore info
      ANZ Platinum Credit Card
      ANZ Platinum Credit Card
      ANZ offers a platinum credit card which includes medical and travel insurance. 19.74% p.a. 0% p.a. for 16 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) 21.49% p.a. Go to siteMore info
      Bank of Melbourne Vertigo Visa Credit Card
      Bank of Melbourne Vertigo Visa Credit Card
      A low rate card from Bank of Melbourne with a long introductory rate on balance transfers. 13.24% p.a. 0% p.a. for 14 months $55 p.a. 21.49% p.a. Go to siteMore info
      ANZ Low Rate Platinum Credit Card
      ANZ Low Rate Platinum Credit Card
      A platinum card with a low interest rate with a long balance transfer and low ongoing purchase rate. 13.49% p.a. 0% p.a. for 16 months $99 p.a. 21.74% p.a. Go to siteMore info
      Bankwest Breeze MasterCard
      Bankwest Breeze MasterCard
      Enjoy low purchase rate and balance transfer offer from Bankwest. 12.24% p.a. 0% p.a. for 13 months $59 p.a. 21.99% p.a. Go to siteMore info
      St.George Vertigo Platinum
      St.George Vertigo Platinum
      A platinum card with a low interest rate on balance transfers and purchases with a low annual fee. 12.74% p.a. 0% p.a. for 14 months $99 p.a. 21.49% p.a. Go to siteMore info
      NAB Premium Card
      NAB Premium Card
      Enjoy a low interest rate on balance transfers. Benefit from platinum credit card advantages. 19.74% p.a. 0% p.a. for 15 months $90 p.a. 21.74% p.a. Go to siteMore info
      Citibank Rewards Credit Card - Classic Card
      Citibank Rewards Credit Card - Classic Card
      Low annual fee and a long balance transfer offer. Earn Citibank Rewards. 20.99% p.a. 0% p.a. for 18 months $89 p.a. 21.74% p.a. Go to siteMore info
      Virgin Australia Velocity Flyer Card - Balance Transfer Offer
      Virgin Australia Velocity Flyer Card - Balance Transfer Offer
      A low balance transfer offer, plus earn 1.00 Velocity Point per $1 spent up to $1500 per month and then 99999 Velocity Point for every $1. 20.74% p.a. 0% p.a. for 14 months $129 p.a. 20.99% p.a. Go to siteMore info
      Citibank ReadyCredit
      Citibank ReadyCredit
      A long term, low rate balance transfer offer with $0 annual fee. 19.49% p.a. 5.9% p.a. for 24 months $0 p.a. 19.49% p.a. Go to siteMore info
      Westpac Low Rate Card
      Westpac Low Rate Card
      One of the longest balance transfer cards on the market. Also benefit from a low ongoing purchase rate and annual fee. 0% p.a. for 12 months (reverts to 13.49% p.a.) 1.99% p.a. for 12 months $45 p.a. 21.49% p.a. Go to siteMore info

      What is a long term balance transfer?

      A balance transfer offer on a credit card allows you to transfer your current credit card balance to a new card and repay it at a lower interest rate for a set period of time. However, one catch is the cost of the new credit card’s annual fee.

      A longer term balance transfer is a type of credit card offer that allows customers to transfer their existing credit card balance to a new credit card for a long period of time – typically 9, 12 or more months. The balance transferred over is charged at a lower fixed promotional interest rate for the balance transfer period.

      How does a longer term balance transfer work?

      Customers can apply for a long term balance transfer credit card and elect to do a balance transfer in the online application (or sometimes apply for one after approval).

      Their new credit card provider submits a request payout for your existing debt with your existing credit card provider and transfers that amount to the new balance transfer credit card.
      Balance transfer customers can then benefit from a lower interest rate for however long the period lasts.

      Credit card providers essentially provide this offer as an incentive to attract new customers. However, it’s important to pay off your debt during this period because after the balance transfer period, the interest rate reverts to the much higher standard interest rate or cash advance rate.

      What are the types of long balance transfer period credit cards are available?

      • No frills balance transfers. You can choose to balance transfer your debt onto a standard credit card that doesn’t have any features you won’t use. If you’re seriously dedicated to paying off your debt, then these type of credit cards won’t motivate you to spend anymore because of the lack of rewards and features. The interest rate is typically either;
        • 0% p.a. interest on balance transfers for 9, 12 months or more
        • A low balance transfer interest rate (e.g: 0.99%, 1.9%, 3.9%) for a longer period of time e.g: 12, 15, 18 or 24 months
      • Platinum balance transfers. If you have a high credit limit you may want to balance transfer your debt onto a Platinum credit card. These types of credit cards often have complimentary travel insurance as well as a range of features to motivate you to spend more. They are often linked to a rewards system as well so these aren’t a great idea if you’re dedicated to paying off your debt.
      • Rewards and frequent flyer balance transfers. These type of credit cards allow you to earn points on your eligible purchases. While you don’t earn points for transferring your balance, you still get more value out of your purchases made on the card. Be mindful that if you have a balance on a rewards credit card, the interest charges will often negate the benefits that the rewards points provide

      How to compare credit cards that offer a long balance transfer deal

      • Promotional interest period. If you’re looking for a balance transfer period that is considered a longer term, then you’ll need to look for one that is nine months or longer.
      • The balance transfer interest rate This is the interest rate that is charged on balance that you’ve transferred. Some of the better offers have a 0% rate, but you’ll find that longer period may go up to 6% for up to two years. This is when you can use your best judgement to determine how long you’ll need to repay your credit card debt to get the best interest rate.
      • Balance transfer amount and limit. A rule for long term balance transfers is that you can’t balance transfer more than your approved maximum credit limit. A common industry limit is 95% of your approved credit limit. So for an approved credit limit of $10,000, the maximum amount that can be transferred to the new card is $9,500. A few balance transfer credit cards have minimum and maximum amount of balance that can be transferred limits, such as a minimum of $500 and a maximum of $20,000.
      • Fees. In the past, some card providers charged balance transfer fees, but these aren’t charged on any of the major balance transfer credit cards on the market at the time of writing. The only fee for a balance transfer is if there’s an annual fee on the credit card.
      • The revert rate. Have a look at whether the balance transfer rate reverts to the purchase rate or cash advance rate. The purchase rate is generally lower than the cash advance so if you do forget you won’t be charged as much interest.

      Key considerations for a balance transfer

      Pros and cons of a long term balance transfer

      Pros

      • More time to pay off your debts. One year is a much more generous amount of time for customers to get on top of their finances and make the smart move to pay down bad debt.
      • Pay less interest. Using a long term balance transfer can be great for customers with a sizable credit card debt who want a full year on the one card to save money in interest and pay down their debt.

      Cons

      • Revert rate. The revert rate of your balance transfer is either the purchase rate or cash advance rate so it’s important to have your balance paid off before the balance transfer period end or that any leftover balances are transferred again if you are in a position to apply for another balance transfer credit card.

      What rate does your BT revert to?

      Things to avoid when transferring your balance for a longer term

      • Making extra purchases. If you still have a balance outstanding on your credit card and make a purchase interest is charged on the day of the purchase. This defeats the purpose of trying to pack back your original debt.
      • Leaving unpaid balances after the set period. Interest on a balance transfer will revert to either the purchase rate, or more commonly, the cash advance rate of interest after the promotional period. This can vary from card to card, but commonly, the interest will revert to in excess of 20%p.a.
      • Transferring to the same bank. Most credit card providers don’t allow you to balance transfer to the same bank or its affiliates unless specifically stated in their terms and conditions.

      Frequently asked questions about long term balance transfers

      • Am I eligible for a long term balance transfer credit card? Generally if you have a good credit rating, are over 18 years of age and you’re a permanent Australian resident or citizen you have a higher chance of being accepted.
      • Why can’t I balance transfer my existing debt to a long term balance transfer card from the same provider? Most credit card providers only allow new customers to balance transfer or balances transferred from another provider.
      • Where can I find shorter term 0% p.a. balance transfer credit cards? eg. 0% p.a. for 6 months Please see our comparison of 0% balance transfer credit cards.
      • Where can I find a comparison of balance transfer credit cards? Please see our comparison of balance transfer credit cards.

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    63 Responses to Long Term Balance Transfer Credit Card Offers

    1. Default Gravatar
      Sandy | August 18, 2014

      I have a $4000 credit card debt and I would like to do a balance transfer to be able to pay off as I don’t want to have this debt anymore. the rate is 13,49 %, not sure where to go and what to take?
      thanks

      • Staff
        Shirley | August 19, 2014

        Hi Sandy,

        Thanks for your question.

        You’ll find that most balance transfers offer a rate of 0% for a set period. Please see this page for a list of your options.

        If you have any other questions, please let us know.

        Cheers,
        Shirley

    2. Default Gravatar
      shelley | July 28, 2014

      I have an ANZ First Visa credit card however I am wondering if I can do a balance transfer to the ANZ Low Rate credit card?

      • Staff
        Shirley | July 28, 2014

        Hi Shelley,

        Thanks for your question.

        Unfortunately the balance transfer offer is for new ANZ customers only.

        You may want to consider alternative options on this page.

        Cheers,
        Shirley

    3. Default Gravatar
      tez | June 12, 2014

      My husband and i have a combined personal loan. Is there a balance transfer credit card we can use to pay off our personal loan?

      thanks

      • Staff
        Shirley | June 16, 2014

        Hi Tez,

        Thanks for your question.

        To our knowledge Citibank and Virgin allow balance transfers from personal loans.

        Cheers,
        Shirley

    4. Default Gravatar
      | March 15, 2014

      Is there an offer for a business credit card? I need to do something with my debt and I am sick of paying the interest, but not many banks even offer this. If not, what are my options for reducing this debt?

      Thanks.

    5. Default Gravatar
      Dianna | March 5, 2014

      Hello we have two credit cards from two different institutions with a balance owing of $18,000, can we transfer both these cards over to the one 0% card?

      • Staff
        Jacob | March 5, 2014

        Hi, Dianna.

        Thanks for your question.

        You’re able to consolidate the balance of multiple credit cards through a balance transfer promotion. The important thing is that the amount you wish to transfer from multiple cards is less than your approved credit limit on your new balance transfer card. When you apply for a new card, you’re given space to enter the account details of multiple institutions. If there are not enough fields to enter all of your account details, you can always fill out a balance transfer request form after you apply for the card.

        You may want to have a look at this video from one of our money experts explaining the basics of a balance transfer.

        Let us know if you have any further questions.

    6. Default Gravatar
      Sherylvie | February 12, 2014

      Hi, my husband got declined by St.George for a platinum card because he only works casually. However, it was a platinum card. Will his credit rating be affected? I want him to apply for this card low rate credit card.

      • Staff
        Jacob | February 13, 2014

        Hi, Sheryl.

        Thanks for your question.

        Please refer to the application requirements for information about eligibility.

        Every time you apply for credit, a ‘credit inquiry’ mark will be recorded on his credit file. If you have too many of these credit inquiries in a short space of time, it will negatively impact your chances of obtaining credit. There is no hard rule about how many times you can apply for credit before your chances of obtaining credit are negatively impacted. Common sense is the best approach. Please be aware that the laws around this will be changing in the coming months.

        I hope this helps.

    7. Default Gravatar
      Andrew | January 15, 2014

      The Citibank Clear Platinum Card offers 0% for balance transfer for 12 months, is there a catch with this offer from Citibank?

      • Staff
        Jacob | January 15, 2014

        Hi, Andrew.

        No catch, only that you must repay the balance before the end of the promotional period, otherwise the remaining balance transfer balance will be charged at Citibank’s annual percentage rate. You do not get any interest free days when you make a purchase if you carry a balance from month to month (balance transfers included). If you would like to apply for this promotion, you can elect to transfer a balance within the application. Select your current banking institution from the drop down list and enter the account number and the amount you wish to transfer.

        I hope this helps.

        I hope this helps.

    8. Default Gravatar
      Candy | December 5, 2013

      I have two credit card debts totaling approx $30,000.00 and want to pay this off @ $1000 per month. What should I do?

      • Staff
        Jacob | December 6, 2013

        Hi Candy.

        Thanks for your question.

        A balance transfer is one of the most popular of reducing your credit card repayments so you can pay down your card balance. You can compare balance transfer promotions on this page. If you don’t think you can pay down your outstanding balance in one balance transfer promotion, you can keep transferring the balance to another card. The key thing is you can’t transfer the balance between two cards offered by the same institution. You can find out more about some of the key considerations you need to be aware of when transferring a balance on this page.

        I hope this helps.

    9. Default Gravatar
      Ev | November 28, 2013

      As I am getting married next year I have been informed by a number of suppliers that they do not accept credit card payment as an option.

      Therefore, I want to know if I can either:

      1. Apply for a balance transfer to a card with no debt on it, and then use the cash to make these payments.

      2. Or make a cash advance on my current card and then make a balance transfer on that amount.

      What would you recommend, as I am trying to avoid the high interest payment of a personal loan. Also how long does a balance transfer take?

      • Staff
        Jacob | November 28, 2013

        Hi Ev.

        Thanks for getting in touch with us.

        When you apply for a new credit card and you elect to transfer a balance, the balance will be processed within a couple of you receiving and activating your credit card.

        To comment on your other points.

        1. Although anecdotal evidence has suggested that people have used the balance transfer facility to put their account into a positive balance, I can’t comment on whether the lender will allow you to use the balance transfer facility this way as it is not it’s intended purpose.

        2. You can make a cash advance on a credit card and then transfer the debt to another card with a balance transfer promotion. Nearly all lenders allow you to include a cash advance balance in a balance transfer. At the time of writing, only American Express do not allow you to do this.

        You may want to have a look at Citibank products. Some of their products allow you to write a ‘Cheque to Self’. The money you draw from a Cheque to Self will be charged at the promotional balance transfer rate of interest.

        You can compare Citibank products on this page.

        I hope this helps.

    10. Default Gravatar
      Hugh | October 30, 2013

      Hi. Will a lender transfer to a card with a zero balance? I’m thinking of then using that money to then pay off a car loan.

      • Staff
        Jacob | October 30, 2013

        Hi Hugh.

        This is not how the promotional feature was intended to be used.

        Thanks for your question.

    11. Default Gravatar
      Vanko | October 17, 2013

      I posted a question in Tuesday and can’t seem to find a reply anywhere on this site

    12. Default Gravatar
      Nate | July 18, 2013

      Can you transfer your balance again to another bank at the end of the interest free period if you do not have it all paid off?

      • Staff
        Jacob | July 18, 2013

        Hi Nate. Thanks for your question. You can transfer a balance as many times as you like at the promotional rate of interest provided that you’re not transferring to a card that’s related to your current institution and you get approved for the new card you wish to transfer to. There is no fine print that says once you balance transfer to an institution, you can’t transfer a balance again. Banks won’t transfer a balance at a promotional rate of interest between two cards that they provide though. I hope this helps. Jacob.

    13. Default Gravatar
      Jacob | July 18, 2013

      I already have a Bankwest credit card with $0.00 bal. I have a commonwealth card with $5500. I want to transfer for 0% period. Can I transfer to Bankwest even though I already have there card?

      • Staff
        Jacob | July 18, 2013

        Hi Jacob. As an existing cardholder you should be able to transfer a balance from a non-Bankwest credit card to your own under the promotional rate of interest. But please check with Bankwest first to confirm the balance transfer rate of interest. Thanks for your question. Jacob.

    14. Default Gravatar
      Shannon | June 28, 2013

      I’m looking to consolidate the balance of two credit cards. What would be the best 12 month transfer rate? and bank and still keep my remaining credit balance. My MasterCard is Commonwealth and source MasterCard which is Westpac.

      • Staff
        Jacob | June 28, 2013

        Thanks for your question Shannon. Please have a look at this page to find out which providers revert their balance transfer balance to the purchase rate and which charge at the cash advance rate of interest. You will have to transfer to a card that is not related to your two current card providers, and when you apply for a new card, your current credit card debt will be factored in to the decision when assigning a new credit limit. Check the link above for maximum balance transfer amounts too. A lender will only allow you to use up to a percentage, in some cases it’s all, of your credit limit to be used as a balance transfer. I hope this helps. I can’t actually recommend a card to you, rather I can answer questions about the specifics of the products on this site. Please let me know if you have any questions about balance transfers and I hope this information has helped. Jacob.

    15. Default Gravatar
      Sue | June 23, 2013

      We have an AMEX card (in my husband’s name) with a debt of $15,000 – can I apply for a Balance Transfer card in my name and transfer the $15,000 from my husband’s AMEX? ..

      Thanks!

    16. Default Gravatar
      Garry | June 20, 2013

      I have a credit card with one of the major banks with outstanding debt of $40,000. Interest rate is
      19.39% p.a. I want to reduce the monthly repayments which are $800 & want your advice. What are my options in obtaining new finance to reduce the payments & saving interest.
      Thanks.

      • Staff
        Jacob | June 20, 2013

        Hi Gary. A balance transfer is the most popular option for people looking for relief from their credit card repayments and interest charges. Basically, a lender will buy your credit card debt off your old card provider and offer you a low interest rate for a promotional period when you sign up for a new card.

        In regards to how much you can transfer, this will mainly depend on the size of the limit you’re approved for on your new card. Lenders will allow you to transfer up to a percentage of your approved credit limit. Please have a look at this page to find out how much each lender will allow you to transfer.

        There are a number of considerations when choosing a balance transfer credit card, like balance transfer revert rates, but the main consideration when choosing a card should be how long you think you can pay back the debt. This will help you select the promotional term and narrow down the selection. You can compare balance transfer credit cards on this page. I hope this helps. Please ask us if you have any more questions. Thanks. Jacob.

    17. Default Gravatar
      Ross | June 16, 2013

      With the cards that offer ’0′ annual fee for the first twelve months, then so much per annum after that. if you pay off your transfer within the twelve months, can you then cancel your account and not be charged any annual fee ?

      • Staff
        Jacob | June 17, 2013

        Hi Ross. Thanks for your question. The annual fee is charged in the first statement period, and if not paid, it will generally accrue the purchase rate of interest until the annual fee is paid. If you were to cancel the card within 12 months of the first credit card statement, you would not pay an annual fee. Hope this helps. Jacob.

    18. Default Gravatar
      Jennifer. | May 30, 2013

      I am currently with Bendigo and not happy with customer service. Have basic black c/card which was joint application with supplementary card holder so 3 in total on one account. Can you advise who also has low interest, $0 interest balance transfer as well as allows 3 people on the account. I would like to stay away from the banks CBA, NAB, Suncorp, St,.George, ANZ. thanks look forward to your response.

      • Staff
        Jacob | May 30, 2013

        Hi Jennifer. Great question. Please check this page for a comparison of institutions that allow joint primary account holders, you can add an additional cardholder to most of the card offered by the providers listed on the linked page. Jacob.

    19. Default Gravatar
      Elaine | May 21, 2013

      I am planning to buy a car for about 25,000.i m planning to use my Citibank credit card to pay for it so I earned points on it. My question is can I transfer this 25000 only to another card and keep the current Citibank card for use as normal?let say I have 1000 currently owing in Citibank, i only transfer 25000 & keep the 1000 and continue to pay and use the card.

      By transferring does that mean that I m definitely need to close the account with Citibank?

      • Staff
        Jacob | May 22, 2013

        HI Elaine. Thanks for your question. When you carry out a balance transfer, you do not have to close your old account. You can pretty much do what you’re suggesting in your question; however, it may be difficult to isolate the $25,000 car purchase on the card from the other debts on the card and transfer just that amount. If you would like to look in to this further please contact the provider of the card you wish to open and transfer a balance to. Jacob.

    20. Default Gravatar
      Kylie | May 7, 2013

      Can I use a balance Transfer Credit Card to pay out a Personal Loan?

      • Staff
        Jacob | May 7, 2013

        Hi Kylie. Thanks for your question. It depends on the institution. Citibank and Virgin credit cards allow you to do this. Please compare their cards to find the balance transfer offer that’s right for you. Jacob.

      • Default Gravatar
        Prem | August 22, 2013

        I have a personal loan and I’m looking for a better option for paying off the loan.

      • Staff
        Jacob | August 23, 2013

        Hi Prem.

        If you want to transfer the balance of your personal loan to a credit card, you may want to consider a Citibank or a Virgin Credit Card. These lenders let you do this. If you multiple balances you want to consolidate to one loan, you may also want to consider a debt consolidation loan.

        Thanks for your question.

    21. Default Gravatar
      Sandy | May 5, 2013

      With the ANZ low rate c/c. 0% interest free for 1st 9mths, then 13.14% thereafter. $58 annual fee. Can you make more then one re payment per month. e.g: every pay day/fortnight.

      • Staff
        Jacob | May 6, 2013

        Hi Sandy. Thanks for the question. You can pay as often as you like. Jacob.

      • Default Gravatar
        Sandy | May 6, 2013

        Thanks Jacob, Also if after 9 mths you still have amount outstanding can you change to another interest free card or are you locked in.

      • Staff
        Jacob | May 6, 2013

        Hi Sandy. You’re free to transfer the balance as many times as you’re approved for a new credit card. Jacob.

      • Default Gravatar
        Sandy | May 6, 2013

        Many thanks

    22. Default Gravatar
      Judy | May 2, 2013

      I am only on a pension of $709.90 a fortnight which puts me in the low income bracket. How do I refinance my $8000.00 of credit cards I have? to get some financial freedom.

      • Staff
        Jacob | May 2, 2013

        Hi Judy. Thanks for your question. This is something that a lot of Australians ask us. If you’re in the low income bracket, you may want to consider a low rate credit card, these have the lowest minimum income requirements out the cards that we compare. The amount of debt you’re able to transfer through a balance transfer promotion will depend on your approved credit limit. Lenders will allow you to transfer a percentage, or all, of your approved credit limit.
        For some basic information on balance transfers, please watch this video. To find out what to do after a balance transfer, please watch this video.
        Let me know if there’s anything else we can help with.
        Jacob.

    23. Default Gravatar
      cheryl | April 28, 2013

      I have got a visa card with st george and a mastercard with ANZ about $6000 all up for both combined cards. Going on holiday soon and I would like to transfer both debts to a 0% interest possibly for 6 months preferably 12 months. What would be your suggestion?
      Thank you.

      • Staff
        Jacob | April 28, 2013

        Hi Cheryl. Thanks for your question. Different providers allow you to transfer from a number of different cards – for instance ANZ currently allow you to transfer from up to two different cards. Please provider some more information so I can address your question with a little more detail. For information on the basics of a balance transfer, I suggest you watch this video. Jacob.

    24. Default Gravatar
      Helen | April 23, 2013

      Hello. I can’t seem to find a credit card that has 0% interest for 12 months. Is there such a rate any more?

      • Staff
        Jacob | April 23, 2013

        Hi Helen. Thanks for your question. Balance transfer offers do change from time to time. Providers amend their offers to stay in line with what’s competitive. Currently, there are no 0% for 12 month balance transfer offers compared on our site, but this doesn’t mean there won’t be any offer like this into the future. Please compare balance transfer offer here.

    25. Default Gravatar
      Tash | April 18, 2013

      Hi we have a Westpac MasterCard that has $32K on it @ 19.99%. our monthly minimum payments are $770.
      I am a little unsure about this credit balance transfer. So if I went to another provider they take on my debt then I pay monthly repayments at a lower rate? how does it all work? Thanks

      • Staff
        Jacob | April 18, 2013

        Hi Tash. You’ve pretty much summed it up. Please watch these two videos to get a better idea of how the process works. So this one deals with balance transfer basics, ‘How does a balance transfer work‘, and this one deals with some of the finer points, ‘What happens after you do a balance transfer‘. Please note: the amount you can transfer depends on the provide you choose to go with, they will allow you to transfer up to a certain amount. So if you want to transfer the entire balance, you will need to be approved for a credit limit greater than the amount you wish to transfer. If the credit card debt is in both your names, you will want to check this page too. Let me know if you have any more questions about this. Jacob.

    26. Default Gravatar
      Dave | April 13, 2013

      Hi, I have a balance that I would like moved from Thailand. Is this as simple as any other.

      • Staff
        Jacob | April 13, 2013

        Hi Dave. Balance transfers under a promotional rate of interest are only available between Australian cards. You can still send the money through an international account, but you won’t be able to reduce interest payments through the promotional offers listed on this page. Jacob.

    27. Default Gravatar
      Jack | April 3, 2013

      Hi,
      With a balance transfer of $7500 at 1% plus a card fee of $30 what is the total amount i will pay if the balance is payed off in 12 months

      • Staff
        Jacob | April 3, 2013

        Hi Jack. Thanks for your question. With monthly repayments of $660, and a rate of 1% for 12 months you’d pay $69 in fees and interest on top of the $7500. Hope this helps.

    28. Default Gravatar
      Vanessa | March 20, 2013

      At the end of the low interest period are you free to transfer the remaining balance elsewhere? Also what happens to interest free purchases made on store credit cards (such as HSBC) ? Are these debts exempt from the low interest rate? Or do you just transfer the purchases and cash advances?

    29. Default Gravatar
      Mark | February 13, 2013

      I have a 0 Balance transfer card with 95% balance on it, can i still buy things with the new card.

      • Staff
        Jacob | February 13, 2013

        Hi Mark. You can use the card up to its available credit limit. Thanks.

    Credit Cards Comparison

    Rates last updated August 30th, 2014.
    Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
    ANZ Low Rate
    ANZ Low Rate
    A low rate on purchases, balance transfer and a low annual fee. 13.49% p.a. 0% p.a. for 16 months $58 p.a. 21.74% p.a. Go to siteMore info
    Westpac 55 Day Platinum Card
    Westpac 55 Day Platinum Card
    Exclusive Offer to Credit Card Finder. 0% p.a. for 12 months on Purchases
    $0 annual fee with platinum benefits including a platinum concierge service, overseas travel insurance, extended warranty cover and purchase security cover.
    0% p.a. for 12 months (reverts to 19.84% p.a.) 3.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. 21.29% p.a. Go to siteMore info
    HSBC Platinum Credit Card
    HSBC Platinum Credit Card
    Earn rewards points plus a balance transfer offer. Access to prestige services including a personal concierge service and VISA Platinum reward program. 19.99% p.a. 0% p.a. for 8 months $0 p.a. 21.99% p.a. Go to siteMore info
    ANZ Frequent Flyer
    ANZ Frequent Flyer
    Get 50,000 bonus Qantas Points once you spend $1,500 on eligible purchases within 3 months. Earn 1.00 point per $1 spent on your AMEX and 0.50 points per $1 spent on your Visa. 19.99% p.a. $95 p.a. (which includes a $40 annual account fee and a $55 Rewards Program services fee) 21.49% p.a. Go to siteMore info
    Coles No Annual Fee MasterCard
    Coles No Annual Fee MasterCard
    Enjoy a low interest rate plus a $0 annual fee. 17.99% p.a. 0% p.a. for 6 months $0 p.a. 17.99% p.a. Go to siteMore info

    * The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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