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Balance Transfer Credit Cards

Interest charges weighing you down? Take back control with a balance transfer credit card and give yourself a little more breathing room. A 0% balance transfer credit card lets you transfer your debt to a new card and helps you save money on interest charges with 0% interest offers for up to 22 months.

Use our balance transfer comparison calculator to find out how much you could save. Simply enter how much you want to transfer, your current annual fee and interest rate. Note some restrictions apply on transfers between cards. See our Frequently Asked Questions to learn more.

Amount to transfer

The total balance you intend to transfer to the new balance transfer credit card

$
$ 8000
Current annual fee

The annual fee for your current credit card. We will assume closure of your current card and calculate your current card fee in the savings column.

$
Current interest rate

The interest rate you are currently paying on your balance. This will be used to calculate your potential savings.

% p.a.
Bank

Filter to select which banks you would like to see cards from. It is handy to filter out banks you are ineligible to transfer to. Check our balance transfer restrictions information at the bottom of this page for more information.

Balance Transfer

The balance transfer offer refers to the interest rate applied to the balance transfer amount for a set period of time. Other transactions are subject to the purchase rate. Offers may include a balance transfer fee and are generally only available when transferring from a different credit card provider. Click here for a list of banks and restrictions.

Purchase Rate

A purchase rate is the standard interest rate that applies to purchases on the card. Some balance transfer cards may charge interest on the entire balance if a new purchase is made. A promotional purchase rate may apply to purchases for a set period of time. After the promotional period ends, the interest rate will revert to the purchase rate indicated and standard interest-free period of the card.

Total Fees

Total annual and balance transfer fees charged for the number of months the promotional period applies. An annual fee is charged in full for each year or part of a year. The calculation takes into consideration annual fee refunds for minimum spend thresholds, as well as variances between first and subsequent year annual fees. No other fees are included in this calculation.

All estimates are based on our assumptions on card usage and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

Savings

Savings is an estimate of the amount saved on interest charges and annual fees, as a result of transferring an eligible balance to the 0% balance transfer card for the interest-free period.

The savings estimate is based on a daily compound interest rate formula, taking into consideration your inputs above, as well as applicable balance transfer and annual fees, along with the following assumptions:
• No additional purchases or withdrawals are made
• A minimum 3% balance repayment is made each month
• Annual fees for the current year are charged in the first month
• If applicable, the annual fee refund is processed in the month eligibility is met
• There are 30 days in each month
• Your existing card will be closed and will incur no further fees
• Other fees are excluded

All estimates are based on our assumptions and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

Go to offer links directly to the bank’s website. Please ensure you review the full terms and conditions on the bank’s website prior to applying.

ANZ Low Rate

ANZ Low Rate
Balance Transfer credit card
No Annual Fee credit card
Low Interest credit card

ANZ Low Rate

Savings
$2312
over 20 months
0% p.a. for 20 months on balance transfers with no balance transfer fee and $0 Annual Fee in First Year with an ANZ Low Rate credit card. Reverts to standard balance transfer rate, currently 20.24% p.a., after 20 months. T&Cs, eligibility criteria, fees and charges apply (including Annual Fee, currently $0 for the first year, $58 thereafter).
Balance Transfer
0% for
20 months
reverts to
20.24% p.a.
Purchase Rate

A purchase rate is the standard interest rate that applies to purchases on the card. Some balance transfer cards may charge interest on the entire balance if a new purchase is made. A promotional purchase rate may apply to purchases for a set period of time. After the promotional period ends, the interest rate will revert to the purchase rate indicated and standard interest-free period of the card.

12.49%
p.a.
Total Fees

Total annual and balance transfer fees charged for the number of months the promotional period applies. An annual fee is charged in full for each year or part of a year. The calculation takes into consideration annual fee refunds for minimum spend thresholds, as well as variances between first and subsequent year annual fees. No other fees are included in this calculation.

All estimates are based on our assumptions on card usage and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

$58
$2,312
over 20 months
save

ANZ First

ANZ First
Balance Transfer credit card

ANZ First

Savings
$1940
over 18 months
Simple everyday credit card with a low ongoing annual fee. Includes 0% p.a. for 18 months on balance transfers (2% Balance Transfer Fee applies). Reverts to standard balance transfer rate. T&Cs, eligibility criteria, fees and charges apply.
Balance Transfer
0% for
18 months
reverts to
20.24% p.a.
Purchase Rate

A purchase rate is the standard interest rate that applies to purchases on the card. Some balance transfer cards may charge interest on the entire balance if a new purchase is made. A promotional purchase rate may apply to purchases for a set period of time. After the promotional period ends, the interest rate will revert to the purchase rate indicated and standard interest-free period of the card.

20.24%
p.a.
Total Fees

Total annual and balance transfer fees charged for the number of months the promotional period applies. An annual fee is charged in full for each year or part of a year. The calculation takes into consideration annual fee refunds for minimum spend thresholds, as well as variances between first and subsequent year annual fees. No other fees are included in this calculation.

All estimates are based on our assumptions on card usage and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

$220
$30 p.a.
annual fee
$160 transfer fee (2%)
$1,940
over 18 months
save

NAB Qantas Rewards Signature Card

NAB Qantas Rewards Signature Card
Frequent Flyer credit card
Rewards credit card
Balance Transfer credit card

NAB Qantas Rewards Signature Card

Savings
$323
over 6 months
NAB's highest earn rate card. Earn 100,000 bonus points when you spend $3,000 on everyday purchases within the first 60 days of account opening and 30,000 bonus points after your first year anniversary. Save with a reduced annual fee of $295 for the first year. (reverts to $395 p.a. after first year)
Balance Transfer
0% for
6 months
reverts to
21.74% p.a.
Purchase Rate

A purchase rate is the standard interest rate that applies to purchases on the card. Some balance transfer cards may charge interest on the entire balance if a new purchase is made. A promotional purchase rate may apply to purchases for a set period of time. After the promotional period ends, the interest rate will revert to the purchase rate indicated and standard interest-free period of the card.

19.99%
p.a.
Total Fees

Total annual and balance transfer fees charged for the number of months the promotional period applies. An annual fee is charged in full for each year or part of a year. The calculation takes into consideration annual fee refunds for minimum spend thresholds, as well as variances between first and subsequent year annual fees. No other fees are included in this calculation.

All estimates are based on our assumptions on card usage and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

$455
$295 first annual
fee, then $395
$160 transfer fee (2%)
$323
over 6 months
save

NAB Rewards Signature Card

NAB Rewards Signature Card
Rewards credit card
Balance Transfer credit card
0% Purchase credit card

NAB Rewards Signature Card

Savings
$323
over 6 months
NAB's highest NAB Rewards earning card. Redeem sooner with 90,000 bonus points when you spend $3,000 on everyday purchases within the first 60 days of account opening and an additional 30,000 bonus points when after your 12 month anniversary. Card includes travel & purchase insurance. (conditions & eligibility criteria apply)
Balance Transfer
0% for
6 months
reverts to
21.74% p.a.
Purchase Rate

A purchase rate is the standard interest rate that applies to purchases on the card. Some balance transfer cards may charge interest on the entire balance if a new purchase is made. A promotional purchase rate may apply to purchases for a set period of time. After the promotional period ends, the interest rate will revert to the purchase rate indicated and standard interest-free period of the card.

0% for
15 months
reverts to
19.99% p.a.
Total Fees

Total annual and balance transfer fees charged for the number of months the promotional period applies. An annual fee is charged in full for each year or part of a year. The calculation takes into consideration annual fee refunds for minimum spend thresholds, as well as variances between first and subsequent year annual fees. No other fees are included in this calculation.

All estimates are based on our assumptions on card usage and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

$455
$295 p.a.
annual fee
$160 transfer fee (2%)
$323
over 6 months
save

Your Top Balance Transfer Questions Answered

Which banks can I balance transfer to?

Many balance transfer credit cards have limitations regarding the source of debt that can be transferred. Below is a handy table you can use to discover where you may be able to transfer to or from. Note that some brands may change card issuers from time to time which will change the balance transfer restrictions. Always confirm with the card issuer prior to requesting a balance transfer.

Transferring from:Cannot transfer to:
American ExpressAmerican Express
ANZANZ
Bank of MelbourneBank of Melbourne, BankSA, St.George
Bank of Queensland (BOQ)BOQ, Citi, IMB, Suncorp, Virgin Money
Bank SABankSA, St.George, Bank of Melbourne
BankwestBankwest
CitiCiti, Coles, IMB, Suncorp, Qantas Money, Virgin Money
ColesColes, Citi, IMB, Suncorp, Virgin Money
IMBIMB, Citi, Coles , Suncorp, Virgin Money
JetstarJetstar, Myer, Macquarie
MyerMyer, Jetstar, Macquarie
NABNAB
Qantas MoneyQantas Money, Citi, Coles, IMB, Suncorp, Virgin Money
SuncorpSuncorp, Citi, Coles , IMB, Virgin Money
Virgin MoneyVirgin Money, Citi, Coles , IMB, Suncorp
WestpacWestpac

What is a balance transfer offer?

A balance transfer offer is and introductory interest rate applied to the balance transfer amount due to be transferred to the card for a set period of time. Offers may include a balance transfer fee and are generally only available when transferring from a different credit card provider. Other transactions are subject to the purchase rate.

What is a purchase rate?

A purchase rate is the standard interest rate that applies to purchases on the card. Some balance transfer cards may charge interest on the entire balance if a new purchase is made, so it is extremely important to check that this does not apply to you if you have a balance transfer on your credit card. There are some cards with promotional purchase rates, offering 0% p.a. for a period of time. After the promotional period ends, the interest rate will revert to the purchase rate indicated and standard interest-free period of the card.

What is included in our total fees calculation?

We want to make comparing cards as easy as possible, so we estimate total annual and balance transfer fees charged for the number of months the promotional period applies for each card. An annual fee is charged in full for each year or part of a year. The calculation takes into consideration annual fee refunds for minimum spend thresholds, as well as variances between first and subsequent year annual fees. No other fees are included in this calculation.

All estimates are based on our assumptions on card usage and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

How are Compare the Card savings calculated?

Our savings estimate is based on the amount that could be saved on interest charges and annual fees, as a result of transferring an eligible balance to the 0% balance transfer card for the interest-free period.

The savings estimate is based on a daily compound interest rate formula, taking into consideration your inputs above, as well as applicable balance transfer and annual fees, along with the following assumptions:

  • No additional purchases or withdrawals are made
  • A minimum 3% balance repayment is made each month
  • Annual fees for the current year are charged in the first month
  • If applicable, the annual fee refund is processed in the month eligibility is met
  • There are 30 days in each month
  • Your existing card will be closed and will incur no further fees
  • Other fees are excluded

All estimates are based on our assumptions and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms of Use for more information.

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