Best Balance Transfer Rates – 0% Interest Credit Cards

The Best 0% Balance Transfer Deals

Compare the best balance transfer credit card offers and save yourself hundreds of dollars in credit card interest repayments.

Featured Low Rate with Balance Transfer Credit Card

The ANZ Low Rate MasterCard is a low interest rate credit card which features the combination of a 0% balance transfer offer for the first 6 months plus a low ongoing rate on purchases. This makes it the perfect credit card to get in control of your finances with.

• $58 annual fee
• 13.24% p.a. on purchases
• 0% p.a. for 6 months on balance transfers
• Cash Advance Rate of 21.49%
• Add up to 3 additional cardholders for free

Click here to read the ANZ Low Rate MasterCard terms and conditions

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
ANZ Low Rate MasterCard	Excellent balance transfer, in a good low interest credit card offer.	13.24%	21.49%	0% for 6 months	$58	55
HSBC Credit Card	Excellent balance transfer offer, also pay $0 annual fee for the life of the card	16.99%	20.75%	0% for 6 months	$0	55
Coles Group Source MasterCard	A great everyday shopping credit card featuring a 0% balance transfer offer for the first 6 months	20.24%	21.99%	0% for 6 months	$0	62
Citibank Clear Platinum Visa Card	Competitive 0% for 6 months on balance transfers plus a discounted annual fee for the first year.	11.49%	21.24%	0% for 7 months	$99	55
Woolworths Everyday Money	Featuring a balance transfer option and a $0 annual fee for the first year. Earn up to 3 rewards points per $1 you spend.	19.49%	20.99%	0% for 6 months	$0 for the first year ($49 per year after that)	55
ANZ Balance Visa	Be rewarded for paying off your credit card balance sooner, with 1 reward point for every $1 you repay off your balance.	14.24%	21.49%	0% for 6 months	$79	55
Bankwest Lite MasterCard	A fantastic introductory balance transfer offer for the first 9 months	10.75%	21.74%	1.99% for 9 months	$59	55
Suncorp Clear Options Platinum	A unique offer with a low interest balance transfer rate for life. Also includes complimentary international travel insurance.	19.99%	19.99%	3.9% for life	$205	55
St George Vertigo	Save with a low rate on balance transfers and purchases for the first 6 months	12.49%	21.24%	2.99% for 6 months	$55	55
Suncorp Clear Options Standard Visa Card	A great low rate credit card featuring a low ongoing rate on purchases, a low balance transfer offer for 12 months and low annual fee. The only thing that isn’t low is the generous credit limits.	12.24%	17.99%	1.9% for 12 months	$39	0
Citibank Gold Card	Consolidate your debts with a low 1.9% p.a balance transfer offer for the first 12 months	20.74%	21.24%	1.9% for 12 months	$149	55
Westpac Earth Cards	Earn Qantas Frequent Flyer points and take advantage of a limited time offer of 0.99% p.a for the first 6 months balance transfer offer.	19.64%	21.14%	0.99% for 6 months	$75	45
Westpac Low Rate Card	A simple no frills credit card featuring a low interest rate and balance transfer offer for the first 6 months	13.24%	21.24%	1.99% for 9 months	$45	55
Citibank Platinum Card	For consumers after a cheap, high quality Platinum credit card after the balance transfer offer has expired. International travel insurance and Citibank Instant Benefits included.	20.74%	21.24%	3.9% for life	$125 (First Year, Save $125)	55

Smart shopping for 0% annual percentage rate (APR) credit cards can save consumers hundreds of dollars in interest charges. Many consumers do not think to shop around for credit cards. With half of Australian grocery store purchases being made with credit cards, the decision as to which card the consumer uses has a strong impact on how much is paid in interest.

One way you can save money in interest charges is to shop around for a 0% APR credit card to transfer existing balances to. The concept of shopping for the best interest rates is not new for homes and cars, yet so few consumers stop to think about shopping around for the best credit card deal.

You can’t really go much lower than paying 0% p.a. interest – which is very much possible if you undergo a balance transfer with your credit card(s).

Saving Money with 0% Interest Balance Transfer Credit Cards

It is possible for you to save hundreds of dollars a year by transferring balances to a 0% interest credit card. Here is how it works: A consumer applies for a new credit card with a special introductory interest rate of 0% interest for balance transfers. After gaining approval, the consumer transfers the balance of his or her credit cards to the new card.

In Australia, it’s standard to exclude a balance transfer fee. However, accessing a balance transfer will require applying for a new credit card, which means you will need to pay the annual fee upfront. If you put this in to perspective, you’re paying $40-80 for the fee, but the potential savings from a balance transfer sit easily among the hundreds and thousands.

Whether the old card has a low 11.89% or 18.99% interest rate, the potential savings are well worth the transfer. For the entire introductory period (usually 6 to 12 months) it is possible for consumers to avoid paying interest on their credit card debt.

Best Balance Transfer Offer for 6 months

For one of the best short term balance transfer rate cards, consider the ANZ Low Rate MasterCard, which features 0% p.a. for 6 months
on balance transfers and a competitive annual fee of $58.

Note that balance transfers require a positive credit rating for most application approvals.

HSBC Credit Card 5 Stars Bonus: $50 credit just for purchasing on your card 0% p.a. for 6 months on balance transfers Up to 55 days interest free on purchases. Annual fee of $0 – for the life of the card!

ANZ Low Rate MasterCard 5 Stars   Transfer your current credit card balances and debts to and be rewarded. 0% p.a. for 6 months on balance transfers Up to 55 days interest free on purchases. $58 annual fee.

Best Balance Transfer For Life Offers

For longer term balance repayments, try the Suncorp Platinum Credit Card, since it has a 3.9% p.a. for life at a low annual fee on the market. Note that to be approved for ‘for life’ balance transfer offers, you need both a high annual earnings (typically around $70,000 p.a.) and good credit.

Citibank Platinum Credit Card 5 Stars Personalised rewards program with credit limits of up to $100,000. 3.9% p.a. for life on balance transfers Up to 55 days interest free on purchases. Annual fee of $125 (First Year, Save $125) Minimum Income required to apply: $50,000 p.a.

Suncorp Platinum Credit Card 5.0 Stars Transfer your current credit card balances and debts to 3.9% p.a. for life. $205 annual fee. Up to 55 days interest free on purchases. Unique ‘Skyward Miles’ Reward Program from Citibank. Minimum Income required to apply: $50,000 p.a.

More Balance Transfer Information

Calculating and Comparing

Some web sites provide you with an objective way to look at credit card offers. It is even possible to use a calculator to figure out how much you can save by transferring balances to a 0% APR credit card. Consumers receive the information they need to help them decide on the credit card balance transfer offer that works best for them. Objective side-by-side comparisons allow a more complete picture of available credit cards. When you find a card you like, it is also possible to apply for that card instantly from the web site. Credit Card Finder specializes in comparing credit cards available for online application.

A 0% APR credit card balance transfer is a financial tool that can greatly benefit consumers. However, as with all financial tools, it is important to use it wisely. Consumers should be aware that failure to pay at least the minimum payment on time could result in an immediate end to the introductory period. Many credit cards, however, provide an automatic debit system or an online bill pay option. This can help consumers set up automatic payments that ensure that there are no late payments.

Shopping around for the best bargain is a way of life for many. Applying that rule to credit card applications can mean that you get to keep more of your hard earned cash. So it is wiser to compare and contrast the interest rates on various credit cards to get the best mileage of your hard-earned money.

What is a Balance Transfer?

Find out what exactly a balance transfer is. More specific information about the balance transfer process and traps to avoid.

Australian Balance Transfer Calculator

Calculate how much you could potentially save by undertaking a credit card balance transfer.

FREE BONUS: Download a copy of our just released e-book: The Ultimate Guide to Balance Transfers

* 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. ‘Best and ‘Top’ are ratings which are subject to our consideration and is not rated against all Australian credit cards in the market. We recommend you take this information into account when comparing credit cards.

• Comparison of Top 10 Credit Card Offers

Editor's Choice: Our Top Credit Cards

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
HSBC Credit Card	Editor's Choice: 0% for 6 months Balance Transfer & No Annual Fee Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.	16.99%	20.75%	0% for 6 months	$0	55
Suncorp Clear Options Standard Visa Card	A great 12 month balance transfer offer, combined with a low annual fee and a good interest rate on purchases.	12.24%	17.99%	1.9% for 12 months	$39	0