Commonwealth Bank Balance Transfer

Posted March 13th, 2010 and last modified March 3rd, 2014

Doing a Commonwealth Bank balance transfer is easy for customers that want to take advantage of consolidating their debts into one card.

It can be frustrating to have to pay high interest rates while you are trying to get your debt under control, and that is why many people are making a Commonwealth Bank balance transfer in order to save money. It is an easy process to get started, and the bank will help you take care of it so that it is done smoothly and easily.

Commonwealth Bank Low Rate Credit Card

Commonwealth Bank Low Rate Credit Card

Receive up to $200 cash back when you apply between 1 March 2014 and 30 April 2014 and spend at each retailer. Also enjoy a low ongoing purchase rate with a balance transfer offer.

  • $78 p.a. ($48 for qualifying customers) annual fee
  • 12.99% p.a.* on purchases
  • 5.99% p.a. for 5 months on balance transfers
  • Cash Advance Rate of 21.24% p.a.
  • Up to 55 days interest free

Benefits of the Commonwealth Bank balance transfer credit card

1. Debt consolidation. When you transfer a balance over to a Commonwealth Bank balance transfer credit card you can consolidate all of your store and credit cards into one for easy debt management.

2. Everything will be done for you. When you make the switch to a Commonwealth Bank balance transfer card, the bank will oversee the entire process and take care of it for you.

3. Easy to transfer. In order to start taking advantage of the extremely low rates offered with the Commonwealth transfer card, all you need to do is log into your account at NetBank, click on the tab to manage your accounts and then click on the tab to transfer a credit card balance.

Commonwealth Bank Gold Awards Card

If you’re looking for a balance transfer card that you can also use to collect rewards points, then check out the great features listed below.

Commonwealth Bank Gold Awards Credit Card

Qantas Frequent Flyer Credit Card

Commonwealth Bank Gold Awards Credit Card offers a low interest rate on balance transfers and purchases. A complimentary comprehensive travel insurance plus earn up to 125,000 points per year.

  • $144 p.a. ($114 for qualifying customers) annual fee
  • 20.24% p.a. on purchases
  • 5.99% p.a. for 5 months on balance transfers
  • Cash Advance Rate of 21.24% p.a.
  • Up to 55 days interest free

Commonwealth Bank Low Fee cards

If you are looking for a Commonwealth Bank balance transfer card with a low or no annual fee, then this may be the card for you. It is packed with features and offers with no annual fee for qualifying customers.

Commonwealth Bank Low Fee Credit Card

Commonwealth Bank Low Fee Balance Transfer Credit Card

No annual fee for customers that qualify, with a low balance transfer on existing credit card balances transferred to the Commonwealth Bank Low Fee credit card.

  • $24 p.a. ($0 for qualifying customers) annual fee
  • 19.74% p.a. on purchases
  • 5.99% p.a. for 5 months on balance transfers
  • Cash Advance Rate of 21.24% p.a.
  • Up to 55 days interest free

The Commonwealth Bank balance transfer credit card will give you the ease of making a smooth transfer, and you will have no worries since everything will be taken care of for you. Enjoy the flexibility you will get with two cards linked to one account.

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4 Responses to Commonwealth Bank Balance Transfer

  1. Default Gravatar
    Lyle | March 3, 2014

    I am a current Commonwealth Bank credit card holder. Can I transfer balances from my other cards to the Commonwealth Bank card? What is the interest rate? Other banks are offering zero percent for 12 months.
    Regards,
    Lyle.

    • Staff
      Jacob | March 3, 2014

      Hi, Lyle.

      Thanks for your question.

      If you’re looking to transfer a balance to an existing credit card account, you will need to contact your financial provider directly. Banks and lenders do make balance transfer offers available to their existing customers from time to time, however, generally speaking, the really competitive offers are reserved for new customers. To be eligible for a balance transfer, you must transfer from a from a non-Commonwealth bank credit card, store card or charge card.

      You can compare balance transfer credit cards on this page.

      I hope this helps. Please let us know if you have any further questions.

  2. Default Gravatar
    Iasc | July 9, 2013

    My credit balance is $14570. I want to get this and transfer this money. I want to know how much I have to pay for monthly and after 5 months, how much will I have to pay? I have no idea.
    Thanks.

    • Staff
      Jacob | July 10, 2013

      Hi Iasc. Thanks for your question. Have a look at this page for information on what interest rate you will get charged after the balance transfer promotional period. Please check the table at the top of the card’s review page for information on the minimum monthly repayment. You must pay a certain percentage of balance each month to stop your account from going into arrears. I hope this has helped. Email us again if you need more information on repayments. Jacob.

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Credit Cards Comparison

Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
American Express Qantas Discovery Card
American Express Qantas Discovery Card
Benefit from not ever having to pay an annual fee. Plus earn 1 Qantas Point per $1 spent on all your everyday purchases. 20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Apply Now For The American Express Qantas Discovery Card
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Westpac Low Rate Card
Westpac Low Rate Card
A low interest rate credit card with a low annual fee and long term balance transfer offer. 13.49% p.a. 0% p.a. for 14 months $45 p.a. 21.49% p.a. Apply Now For The Westpac Low Rate Card
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St.George Vertigo MasterCard
St.George Vertigo MasterCard
A low balance transfer rate and ongoing purchase rate. 13.24% p.a. 0% p.a. for 14 months $55 p.a. 21.49% p.a. Apply Now For The St.George Vertigo MasterCard
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Bankwest Breeze MasterCard
Bankwest Breeze MasterCard
Low ongoing purchase rate from Bankwest, with an introductory rate on balance transfers. 11.99% p.a. 0% p.a. for 13 months $59 p.a. 21.99% p.a. Apply Now For The Bankwest Breeze MasterCard
Read More About The Bankwest Breeze MasterCard
Citibank Clear Platinum Card
Citibank Clear Platinum Card
Low rate credit card offer with a low balance transfer rate. Also comes with platinum privileges and benefits. 12.99% p.a. 0% p.a. for 12 months $49 p.a. annual fee for the first year ($99 p.a. thereafter) 21.74% p.a. Apply Now For The Citibank Clear Platinum Card
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* 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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