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*
Product Name Card Promoted | Balance Transfer Rate  Balance Transfer Rate - % p.a | Annual Fee Annual Fee $0 | Potential Savings $1,823 1 year and 8 months | Fees & Interest $0 | Go to site | special Use your virtual card instantly once approved (typically within 60 minutes). Tap n Pay with up to 55 days interest free, ability to transfer money anyone, exclusive perks & much more. |  Enjoy a credit card with a generous number of interest-free days and no annual fee from MoneyMe. More details | Highlighted |
Product Name Card Promoted | Balance Transfer Rate Balance Transfer Rate 13.99 % p.a | Annual Fee Annual Fee $45 | Potential Savings $1,133 2 years | Fees & Interest $691 | Go to site | Purchase Offers 0% on purchases for up to 18 months from account opening. | A low rate Mastercard option with a purchase rate offer and a low annual fee. More details | |
Product Name Card Promoted | Balance Transfer Rate Balance Transfer Rate 0 % p.a for 32 months then 21.74% | Annual Fee Annual Fee $0 for 12 months then $59 | Potential Savings $1,705 1 year and 9 months | Fees & Interest $118 | Go to site | Balance Transfer 0% p.a. for 32 months on balance transfers. No annual fee in the first year. | A low rate credit card that offers a high amount of interest-free days, so you can spend with peace of mind. More details | |
Product Name Card Promoted | Balance Transfer Rate Balance Transfer Rate 6.99 % p.a for 12 months then 21.49% | Annual Fee Annual Fee $0 for 12 months then $59 | Potential Savings $1,284 1 year and 11 months | Fees & Interest $540 | Go to site | Cashback Get $400 Cashback when you take out a new Low Rate credit card | More details | |
Product Name Card Promoted | Balance Transfer Rate Balance Transfer Rate 0 % p.a for 30 months then 20.24% | Annual Fee Annual Fee $0 for 12 months then $58 | Potential Savings $1,707 1 year and 9 months | Fees & Interest $116 | Go to site | Balance Transfer 0% p.a. for 30 months on balance transfers with no Balance Transfer Fee and $0 Annual Fee in First Year with an ANZ Low Rate credit card. *New card. Reverts to Std. BT Rate, currently 20.24% p.a. after first 30 months. T&Cs, elig crit, fees & charges apply, (inc. Ann. Fee, currently $58, after 1st yr). | More details | |
Product Name Card Promoted | Balance Transfer Rate Balance Transfer Rate 0 % p.a for 32 months then 21.49% | Annual Fee Annual Fee $0 for 12 months then $55 | Potential Savings $1,713 1 year and 9 months | Fees & Interest $110 | Go to site | Balance Transfer 0% for 32m BT (0% fee) + $0 First Year annual Fee + 0% APR for 6months | More details | |
Product Name Card Promoted | Balance Transfer Rate Balance Transfer Rate 0 % p.a for 32 months then 21.49% | Annual Fee Annual Fee $0 for 12 months then $55 | Potential Savings $1,713 1 year and 9 months | Fees & Interest $110 | Go to site | Balance Transfer 0% for 32m BT (0% fee) + $0 First Year annual Fee + 0% APR for 6months | More details | |
Product Name Card Promoted | Balance Transfer Rate Balance Transfer Rate 0 % p.a for 6 months then 21.74% | Annual Fee Annual Fee $30 | Potential Savings $1,288 1 year and 11 months | Fees & Interest $536 | Go to site | Balance Transfer 0% p.a. on balance transfers for 6 months | More details | |
Product Name Card Promoted | Balance Transfer Rate Balance Transfer Rate 0 % p.a for 32 months then 21.49% | Annual Fee Annual Fee $0 for 12 months then $55 | Potential Savings $1,713 1 year and 9 months | Fees & Interest $110 | Go to site | Balance Transfer 0% for 32m BT (0% fee) + $0 First Year annual Fee + 0% APR for 6months. | More details | |
Product Name Card Promoted | Balance Transfer Rate Balance Transfer Rate 0 % p.a for 12 months then 20.99% | Annual Fee Annual Fee $0 | Potential Savings $1,684 1 year and 9 months | Fees & Interest $139 | Go to site | Balance Transfer No annual fee, 0% p.a for 12 months on balance transfers and purchases | More details |