Longest 0% Balance Transfer Deals

Information verified correct on September 28th, 2016
How-does-a-0-balance-transfer-credit_card-work

The longer the balance transfer period, the more time you’ll have to repay your debt with 0% interest.

Balance transfer credit cards can be a useful way to repay your debt by moving your high-interest balance to a card with low or 0% interest, helping you consolidate your debt without the high cost of interest. However, these promotional offers don’t last forever and you’ll eventually have to start paying the much higher revert rate. The longer the balance transfer, the more time you’ll have to repay your debt before the revert rate kicks in. This is where a long term balance transfer credit card could come in handy.

Here you can compare 9-24 month long balance transfers to determine whether a long-term balance transfer credit card is the right way to consolidate your debts.

How do long term balance transfer credit cards work?

A long term balance transfer credit cards works in the same way as a standard balance transfer credit card, but  it has a longer promotional period. While some cards have 6 to 8 months balance transfer periods, long-term cards boast 9-24 month long balance transfer deals. If you have a large debt or know you have trouble meeting your minimum repayments, a long term balance transfer could be your solution.

Remember that at the end of the promotional period, any remaining balance will start attracting the much higher standard cash advance or interest rate. So if you think you’ll have trouble repaying your whole balance in a short period,  you might want to consider a long-term balance transfer.

St.George Vertigo Visa

Long 0% Balance Transfer Credit Card

St George introduces this fantastic low rate balance transfer offer into the market. The card also features a low ongoing purchase rate and low annual fee.

  • $55 p.a. annual fee
  • 1% p.a. for 12 months (reverts to 13.24% p.a.) on purchases
  • 0% p.a. for 18 months on balance transfers
  • Cash Advance Rate of 21.49% p.a.
  • Up to 55 days interest free

What else should I consider before applying for a long term balance transfer credit card?

  • How long is the offer? A long term balance transfer credit card can last from 9 to 24 months. To determine how long will match your requirements, you’ll need consider the size of your debt and how much you can afford to repay each month. This should help give you an idea of how long it’ll take to repay your debt.
  • What’s the revert rate? The promotional offer won’t last forever and a higher revert rate will apply once the promotion ends. Usually the standard cash advance or purchase rate will apply, so confirm this information in case you’re unable to repay your balance by the time the offer ends.
  • What’s the annual fee? Long term balance transfer fees generally come with higher annual fees. Before applying, calculate how much you’ll save on interest with the low interest card by the time you repay your debt. If this number is lower than how much the annual fee is, then you’ll want to consider a card with a lower annual fee.

Learn more about long term balance transfer credit cards

Compare long term balance transfer credit cards

Rates last updated September 28th, 2016
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Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
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.
0% p.a. for 18 months 1% p.a. for 12 months (reverts to 13.49% p.a.) $59 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.
0% p.a. for 18 months 1% p.a. for 12 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
Westpac 55 Day credit card
Enjoy a balance transfer offer of 0% p.a. for 16 months, an introductory purchase rate of 1% p.a. for up to 12 months, plus a waived annual fee for the first year if applied by 11 October 2016.
0% p.a. for 16 months 1% p.a. for 12 months (reverts to 19.84% p.a.) $0 p.a. annual fee for the first year ($30 p.a. thereafter) 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.
0% p.a. for 15 months 19.99% p.a. $149 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Offers 0% p.a. interest rate on balance transfers for 18 months to help you manage your existing credit card balance. Earn bonus Velocity Points in the first 3 months, offer ends 31 October 2016.
0% p.a. for 18 months 20.74% p.a. $64 p.a. annual fee for the first year ($129 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 20 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
0% p.a. for 20 months 1% p.a. for 12 months (reverts to 12.74% p.a.) $99 p.a. Go to site More info
Virgin No Annual Fee Credit Card
No annual fee credit card with $100 cashback and a long term balance transfer offer of 0% p.a. for 18 months with 2% balance transfer fee.
0% p.a. for 18 months with 2% balance transfer fee 18.99% p.a. $0 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months with a one off 2% balance transfer fee 0% p.a. for 15 months (reverts to 13.99% p.a.) $59 p.a. Go to site More info
ANZ First Visa Credit Card - Exclusive Offer
Take advantage of this exclusive offer and enjoy 0% p.a. for the first 12 months on balance transfers and 0% p.a. for the first 3 months on purchases.
0% p.a. for 12 months 0% p.a. for 3 months (reverts to 19.74% p.a.) $30 p.a. Go to site More info
NAB Low Fee Card
Enjoy a low introductory rate of 0% p.a. on balance transfers and purchases for 15 months.
0% p.a. for 15 months with a one off 2% balance transfer fee 0% p.a. for 15 months (reverts to 19.74% p.a.) $30 p.a. Go to site More info
Westpac 55 Day Platinum Credit Card
Get a balance transfer offer of 0% p.a. for 16 months, platinum card benefits including complimentary insurances and 24/7 concierge with $0 annual fee for the first year.
0% p.a. for 16 months 1% p.a. for 12 months (reverts to 19.84% p.a.) $0 p.a. annual fee for the first year ($90 p.a. thereafter) Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
A low rate card from Bank of Melbourne with a long term balance transfer offer 0% for 18 months and a short term introductory rate on purchases.
0% p.a. for 18 months 1% p.a. for 12 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
Take advantage of the introductory long term balance transfer offer and reduced annual fee in the first year.
0% p.a. for 24 months with 1.5% balance transfer fee 20.99% p.a. $199 p.a. annual fee for the first year ($249 p.a. thereafter) Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
0% p.a. for 12 months with 1% balance transfer fee 14.99% p.a. $0 p.a. Go to site More info
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy 0% p.a. for 12 months on balance transfers and receive a complimentary Virgin Australia domestic economy return flight every year.
0% p.a. for 12 months with 1% balance transfer fee 20.74% p.a. $195 p.a. Go to site More info
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2 Responses to Longest 0% Balance Transfer Deals

  1. Default Gravatar
    Maz | May 20, 2014

    I have 3,500 owing on B/West card at 19.49% which card is best for no high annual fee and a low rate for at least 12 months. Also do you have to keep going with the new provider once you pay off the balance at the low interest rate for any set period or can you cancel the credit card when you reach nil balance?

    • Staff
      Shirley | May 22, 2014

      Hi Maz,

      Thanks for your question.

      Please see our page on balance transfer credit cards. At the time of writing, there are some deals that extend to 12-14 months.

      You don’t have to stay with the new provider. When you’ve reached nil balance, you can cancel the card.

      Cheers,
      Shirley

Credit Cards Comparison

Rates last updated September 28th, 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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