Commonwealth Bank Balance Transfer

Rates and Fees verified correct on July 3rd, 2015

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.

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 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.

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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This page was last modified on 8 January 2015 at 17:26.

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13 Responses to Commonwealth Bank Balance Transfer

  1. Default Gravatar
    Janet | March 7, 2015

    Jonathon my question was – what is the rate of interest charge on a balance transfer to my existing Commonwealth credit card. It is usually around 5% – what is it at the moment. I am not asking about a new card.

    Thanks,

    Janet

    • Staff
      Jonathan | March 9, 2015

      Hi Janet, thanks for your response.

      To allow me to assist you further may I ask which Commonwealth Credit Card you are using? You can also contact CBA directly to inquire about your current account.

      Cheers,

      Jonathan

  2. Default Gravatar
    Janet | March 6, 2015

    What is the interest rate to transfer a balance from another credit card to your Commonwealth card.

    • Staff
      Jonathan | March 6, 2015

      Hi Janet, thanks for your inquiry!

      The balance transfer rate depends on the specific credit card you are applying for. We have provided the balance transfer rates in the comparison table available on this page.

      Cheers,

      Jonathan

    • Staff
      Jonathan | March 6, 2015

      Hi Janet, thanks for your inquiry!

      The balance transfer rate depends on the specific credit card you are applying for. We have provided the balance transfer rates in the comparison table available on this page.

      Cheers,

      Jonathan

  3. Default Gravatar
    MCB | February 1, 2015

    I’ve had my Commonwealth credit card since September 2011. To date, I have an available balance of $22,172.52 (credit limit is $22,500). I am avoiding interest charges as it is very high, 19.74% p.a.
    Six (6) months ago, I took a 12-month 0% balance transfer from ANZ to pay off my debts. I’ve been paying a lot more than the required repayments. ANZ must’ve recognized that and just this January, offered me to use my credit with them to take another balance transfer to any credit card I’d like to pay off at 0% interest for 18 months. I find that very useful.
    The best offer I get from CBA is a personal loan for 13.90%.
    Can CBA offer me what I have been offered by ANZ or any offer close to what ANZ is offering? I wish CBA would.

    • Staff
      Jonathan | February 3, 2015

      Hi MCB, thanks for your inquiry!

      In terms of matching a competitive offer the best approach would be to contact the bank directly.

      I hope this helps!

      Cheers,

      Jonathan

  4. Default Gravatar
    Jarred | November 27, 2014

    I currently have two bank accounts one with st george and one with commonwealth. Looking to balance transfer from st george to commonwealth is that possible ?

    • Staff
      Elizabeth | November 27, 2014

      Hi Jarred,

      Thanks for your question.

      Yes, this is possible. You can apply for a balance transfer directly through Netbank, by calling Commonwealth Bank or by filling out the downloadable balance transfer form.

      I hope this has helped.

      Thanks,

      Elizabeth

  5. 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.

  6. 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.

Credit Cards Comparison

Rates last updated July 3rd, 2015
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
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. 0% p.a. for 3 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. 21.49% p.a. Go to site More info
NAB Low Rate Credit Card
NAB Low Rate Credit Card
Low ongoing interest rate on purchases and balance transfers. 0% p.a. for 12 months (reverts to 13.99% p.a.) 4.99% p.a. for 6 months $59 p.a. 21.74% p.a. Go to site More info
Westpac Low Rate Card
Westpac Low Rate Card
A low interest rate credit card with a low annual fee and balance transfer offer. 0% p.a. for 3 months (reverts to 13.49% p.a.) 0% p.a. for 18 months $59 p.a. 21.49% p.a. Go to site More info
American Express Velocity Escape Card
American Express Velocity Escape Card
Exclusive Offer to finder.com.au
Enjoy 15,000 bonus Velocity Points when you spend $300 within the first 3 months and up to 2.00 points for every dollar you spend, together with a $0 annual fee. Offer ends on 30 September 2015.
20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More 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 site More 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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