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Do you currently have credit card debt across one or more cards that you are struggling to pay off? If so, you might benefit from a balance transfer credit card. 

A lot of Australians struggle with credit card debt, so you're not alone. A balance transfer moves your existing debt to a new credit card, to reduce your monthly repayments and the total interest you have to pay. This could save you hundreds or even thousands of dollars in debt, especially if you only make the minimum repayment every month.

The main reason people use a balance transfer credit card is to take advantage of 0 per cent balance transfer periods, which can be anywhere from 6 to 26 months.

Calculate how much you could save by transferring your balance to a 0% card balance deal

Credit card holders who transfer their balance to a new card could save an average of $1262 in interest and fees and pay their debt off 6 months earlier. Calculate your savings and compare balance transfer deals today*

Credit card balance

$

Monthly repayment

$

Current interest rate

%