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'.

Listed below are 12 month balance transfer options. However, there are other balance transfer offers in market with 0% balance transfer rates that may appeal.

Featured 12 month Balance Transfer Credit Card

The NAB Gold allows you to get in control of your finances. It features a low balance transfer rate for the first 12 months with gold credit card benefits including overseas travel insurance.

• $90 annual fee
• 19.49% p.a. on purchases
• 1% p.a. for 12 months on balance transfers
• Cash Advance Rate of 21.74% p.a.
• 44 days interest free
• Minimum Income Requirement of $50,000 p.a.

Read the NAB Gold Card 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.)
	NAB Gold Card	Benefit from gold credit card with a balance transfer offer.	19.49%	1% for 12 months	$90	21.74%
	Citibank Rewards Credit Card - Platinum Card	A low balance transfer offer and a host of platinum privileges.	20.99%	0.9% for 15 months	$199	21.74%
	Citibank Clear Platinum Card	An Exclusive Offer on balance transfers with a low interest rate on purchases.	11.99%	0% for 12 months with 3% balance transfer fee	$99	21.74%
	Virgin Flyer Credit Card	Low balance transfer offer plus earn 1 Velocity Point per $1 spent up to $1,500 per month and then 1 Velocity Point for every $2.	20.99%	1.9% for 12 months	$50 (for first year thereafter $99)	20.99%
	Bankwest Zero MasterCard	A great $0 annual fee credit card, with great introductory offer.	0% for 6 months (reverts to 17.99% )	4.99% for 9 months	$0	18.99%
	Citibank Rewards Credit Card - Platinum Card	A low long rate balance transfer offer and a host of platinum privileges. Earn up to 3 Citibank Reward points for every $1 spend internationally.	20.99%	0.9% for 18 months with 2% balance transfer fee	$199	21.74%
	Virgin Low Rate Credit Card	A low annual fee, low purchase rate credit card, with great introductory offer balance transfer offer.	12.99%	2.9% for 9 months	$59	21.69%
	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.	0% for 6 months (reverts to 10.99% )	4.99% for 9 months	$49	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.	1.9% for 9 months (reverts to 13.49% )	3.99% for 6 months	$0 annual fee for the first year ($45 thereafter)	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.)
	ANZ Platinum Credit Card	A unique platinum credit card offer with a low balance transfer and purchases rate.	0% p.a. for 6 months (reverts to 19.39% p.a.)	0% for 6 months	$0 annual fee for the first year ($0 thereafter)	20.99%	E-mail me this offer
	HSBC Credit Card	A 0% balance transfer, $0 annual fee for life credit card.	17.99% p.a.	0% for 8 months with 2% balance transfer fee	$0	21.99%	E-mail me this offer
	Westpac Low Rate Card	A low rate on purchases, balance transfer and a $0 annual fee.	1.9% p.a. for 9 months (reverts to 13.49% p.a.)	3.99% for 6 months	$45 annual fee for the first year ($0 thereafter)	21.49%	E-mail me this offer
	Citibank Rewards Credit Card - Platinum Card	An extended 15 month balance transfer offer with 20,000 bonus reward points.	20.99% p.a.	0.9% for 15 months	$199	21.74%	E-mail me this offer
	Bankwest Breeze MasterCard	Low ongoing purchase rate from Bankwest, with an introductory purchase rate credit card.	0% p.a. for 6 months (reverts to 10.99% p.a.)	4.99% for 9 months	$49	21.99%	E-mail me this offer