Longest 0% Balance Transfer Deals

A longer balance transfer period will give you more time paying a 0% interest on your credit card balance

Featured Long 0% Balance Transfer Credit Card

Bank of Melbourne introduces this fantastic low rate 12 month balance transfer offer into the market. The card also features a low ongoing purchase rate and low annual fee.

• $55 annual fee
• 13.24% p.a. on purchases
• 0.99% p.a. for 12 months on balance transfers
• Cash Advance Rate of 21.49% p.a.
• 55 days interest free

Read the Bank of Melbourne Vertigo Credit Card terms and conditions.

A 0% balance credit card deal works like this, the credit card company will not charge interest on your existing credit card balance when it is transferred to your new balance transfer credit card, for a set period of time. This period is usually only about 4 to 6 months.

Not paying interest means that the amount of the balance will not increase, unless you make purchases on your credit card – which is not recommended, as they will usually attract interest at the standard purchase interest rate, usually without any interest free days. You will have to pay the monthly fees and charges specified in the credit card agreement during this period. This means that you will be paying an amount over the credit card balance.

Always be careful when getting a 0% balance credit card because some 0% balance cards come with high fees and charges. Some credit card companies will try to make up the money lost on interest, by greatly increasing the annual fees, or by having a high cash advance rate.

When the amount of these charges exceeds the amount of interest on your existing card or cards, you will not save money by transferring credit cards. You should be able to determine what these charges will be by reading the credit card agreement.

Before You Sign

Before transferring your balance to a new credit card always read the new credit card agreement. Pay close attention to any wording about fees or charges and look for hidden fees. If the fees and charges are not too high, the best balance transfer deals will be those that give you the longest period of 0% interest. This can save you money because your balance would normally increase for every month on which interest is charged.

Getting a balance transfer deal with a long period of 0% interest can make it easy to pay off your credit card balance. If you have a 0% purchase rate period it can also enable you to make purchases knowing that you won’t be charged interest.

The best 0% transfer deal that you will probably be able to find will be six months with no interest charges on the balance you transfer. This deal may not be so good if the minimum monthly repayment (for example 2-3% of your balance), or annual fees on the card are very high.

A low interest rate card with a low interest rate on balance transfers for a longer period (12+ months) could be a much better deal than a six month no interest credit card. You will only be able to determine which deal is best by comparing the cards, and finding the right balance transfer offer for your situation.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%