Instant Approval Balance Transfer Credit Cards

Information verified correct on October 1st, 2016

Get instantly approved for a balance transfer credit card today and start saving money. Compare the offers below and find out how much you can save.

A balance transfer credit card can lead to noticeable savings in the form of interest, especially if you opt for a card that comes with a promotional balance transfer offer. Just how long the approval of your balance transfer request takes and how long the actual transfer takes can vary from one credit card to the next, though some offer instant approval.

Instant Approval Balance Transfer Credit Cards Comparison

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Qantas Discovery Card
Enjoy up to 7,500 bonus Qantas Frequent Flyer Points and 1 point per $1 spent, plus 0% p.a. on balance transfers for 12 months, all for a $0 annual fee.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info
ANZ First Visa Credit Card
Enjoy a low annual fee, interest-free days on purchases and a low minimum credit limit.
19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $30 p.a. Go to site More info
St.George Amplify Platinum
This card features a 30,000 bonus points offer, introductory interest rates on balance transfers and purchases and an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $0 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 18 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
ANZ First Visa Credit Card - Exclusive Offer
0% p.a. for the first 12 months on balance transfers and 0% p.a. for the first 3 on purchases. An exclusive offers offer to this site.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $30 p.a. Go to site More info
ANZ Low Rate
A low rate credit card with an intro rate on balance transfer amounts
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $58 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive $200 back when you spend $500 in the first 3 months. Also enjoy a $0 annual fee for the first year.
19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn bonus Velocity Points in the first 3 months. 0% p.a. for 18 months on balance transfers.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
Westpac Low Rate Card
A no frills credit card with an introductory rate of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases.
1% p.a. for 12 months (reverts to 13.49% p.a.) 0% p.a. for 18 months $59 p.a. Go to site More info
Virgin No Annual Fee Credit Card
No annual fee for the life of the card with $100 cashback and a 0% p.a. offer on balance transfers for 18 months. Spend criteria applies for cashback offer.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $0 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive 0% p.a. for 12 months on purchases, 0% p.a. for 6 months balance transfers and an exclusive $129 Virgin Australia Gift Voucher every year.
0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
ANZ Rewards Travel Adventures card
Pay no overseas transaction fee on purchases and receive complimentary domestic return flight and lounge passes each year you hold the card when you spend $500 on eligible purchases within the first three months.
20.24% p.a. $225 p.a. Go to site More info
ANZ Platinum Credit Card
Enjoy platinum card benefits with $0 annual fee in the first year and complimentary overseas travel and medical insurance.
19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
Commonwealth Bank Business Interest Free Days credit card
Take advantage of $0 annual fee for the first year. Get up to 55 interest-free days on purchases and included transit accident insurance.
17.57% p.a. $0 p.a. annual fee for the first year ($60 p.a. thereafter) Go to site More info
NAB Velocity Rewards Premium Card
0% p.a. on purchases and balance transfers for 15 months and 20,000 bonus Velocity Points when you make an everyday purchase in the first 90 days of opening your account. You gain both Visa and American Express cards which are linked to one single account and annual fee.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $150 p.a. Go to site More info
NAB Qantas Rewards Premium Card
Get 20,000 bonus Qantas Points plus enjoy a low promotional offer of 0% p.a. for 15 months on purchases and balance transfers.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $250 p.a. Go to site More info
NAB flybuys Rewards Card
Earn flybuys rewards points on your everyday purchases. Also enjoy a 0% p.a. on purchases and balance transfers for 15 months.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $95 p.a. Go to site More info

What is an instant balance transfer credit card?

A number of credit card providers give new credit card applicants the ability to find out about the status of their balance transfer request instantly. Instantly, in this case, means you can expect a response soon after you hit the ‘submit’ button on your online application.

Credit cards with balance transfer offers charge little to no interest on transferred balances for a given time period, which commonly varies in between six and 12 months. Some cards that don’t come with promotional balance transfer offers still allow you to transfer balances from other cards, and you can benefit through such a card if the new card’s interest is noticeably lower than that of your existing cards.

What can I expect when applying for an instant approval balance transfer credit card?

Since you find out about your balance transfer application’s status immediately, you might not get much time to go through the nitty-gritty of your new card and its balance transfer offer. As a result, it is important that you consider the following from the get-go.

Is the decision really instant?

Don’t expect instant to mean split-second. The decision, though, is rather quick, and you can expect a response in less than a minute. Bear in mind that while approval is instant, the actual transfer takes longer.

What can I do to increase my chances of approval?

Make sure you meet all the eligibility requirements for the new card, and pay particular attention to its minimum income requirement. Prepare to part with all the required documentation to support your credit card application, and provide all relevant details of the accounts from which you wish to transfer balances.

As the decision is instant, does that mean I can apply for multiple cards?

Applying for multiple credit cards at around the same time is never a good idea, as this reflects poorly on your credit file, and might result in problems when it comes to getting credit in the future. If multiple card providers approve your applications, you might end up giving into the temptation of spending more than you can afford to repay, which can lead to hard-to-repay debt.

Are instant approval balance transfer credit cards suited to me?

If you’re looking for a quick response, applying for such a card can work well for you. Remember, though, that not all balance transfer credit cards offer instant approval, so you end up limiting your choices.

How long until everything is finalised?

While you can expect to find out about your credit card and balance transfer application straightaway, transferring balances from your existing cards to the new card can sometimes take up to two weeks. This is because of the required formalities the process entails.

What else should I consider when applying for an instant approval balance transfer credit card?

Before you apply for an instant approval balance transfer card make sure you consider the following as well:

  • Is there a promotional offer? A number of credit cards come with promotional balances transfer offers, and while some such cards charge low interest on balance transfers, some others charge 0% p.a. Don’t forget that these promotional periods expire after a given period of time, after which any outstanding balance starts attracting interest.
  • What is the revert rate? At the end of the promotional period, outstanding balances from balance transfers can start attracting the card’s cash advance rate or its purchase rate. In most instances, the cash advance rate is considerably higher than the purchase rate.
  • How much can I transfer? Just how much you can transfer onto your new credit card depends on the card you get. While some cards allow you to transfer up to 80% of your card’s credit limit, some others limit this to 50% of your card’s limit.

You can look forward to noticeable savings in a relatively short span of time by getting an instant approval balance transfer credit card, but given the alternatives on offer, you’ll want to compare a few before deciding which one to choose.

Frequently asked questions

How quickly can I apply for an instant approval balance transfer credit card?

If you have all the required information close at hand, you should be able to complete the application in around 10 to 15 minutes.

I have a credit card and a store card - can I transfer balances from both onto my new balances transfer card?

Yes, you can, provided you don’t exceed the balance transfer limit set forth by your new card.

Can I use such cards to transfer balances from personal loans?

Most credit card providers in Australia don’t allows balances transfers from personal loans, and ones that do include Citibank and Virgin Money.

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12 Responses to Instant Approval Balance Transfer Credit Cards

  1. Default Gravatar
    Nag | July 24, 2015

    Hi I have 15,000 personal loan with CommBank I want to do balance transfer with any credit card. Please give me advice on this topic.

    • Staff
      Jonathan | July 27, 2015

      Hi Nag, thanks for your inquiry!

      Please refer to this page for more information on transferring a balance from a personal loan to a credit card.

      Cheers,

      Jonathan

  2. Default Gravatar
    sadie | April 23, 2015

    Hi, Im a non resident of Australia, i have been here nearly 3 years and have a visa with my partner (also non resident)till 2018 when we will become permanent residents. We currently have a comm bank credit card the limit is 15,000. Can we get a balance transfer to a card with out interest?
    Sadie

  3. Default Gravatar
    Ha | March 3, 2015

    Hi,

    Im non resident, my income is about 35000 pa. I have credit card of 7000 from commonwealth, which bank can approve balance transfer for me?

    • Staff
      Jonathan | March 4, 2015

      Hi Ha Le, thanks for your inquiry!

      Unfortunately banks require Australian permanent residency or citizenship. For a list of credit cards for temporary residents please see this page.

      Cheers,

      Jonathan

  4. Default Gravatar
    Garry | October 27, 2014

    i have an anz credit debit of 17500.00 and i earn $4800.00 a month will i still be able to do a balance transfer to another bank and which bank will except my application

    • Staff
      Elizabeth | October 28, 2014

      Hi Garry,

      Thanks for your question.

      Being approved for a balance transfer credit card depends on a number of factors, including your credit history, any other debts you may have, as well as your income, etc. As it’s a large amount you want to transfer it might be worth getting in touch with a bank before you apply to see your chances of being approved, as well as to ensure you’ll be approved for a sufficient credit limit to bring you existing balance across.

      I hope this has helped.

      Thanks,

      Elizabeth

  5. Default Gravatar
    Phil | April 9, 2013

    Are there any balance transfers available that will pay off a bank overdraft account?

    • Staff
      Jacob | April 9, 2013

      Hi Phil. Thanks for your question. You may want to consider Citibank or Virgin, they allow the transfer from personal loans and lines-of-credit to their credit cards and credit accounts. Jacob.

  6. Default Gravatar
    Joy | April 5, 2013

    what happens to the old cards when balance it transfered does the bank cancel them or do we?

    • Staff
      Jacob | April 5, 2013

      Hi Joy. Thanks for the question. After you carry out a balance transfer from one card to another, the old card remains open and active. If you want to close the old account, it’s your responsibility to do so. You can do this any time, free of charge, provided that the balance of the card has been paid in full. Jacob.

Credit Cards Comparison

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 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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