Best Balance Transfer Credit Cards

No Annual Fee

No Points Earn Cap

Generally fewer sign-up bonus points compared to other cards

Regular Bonus Point Offers

High Points Earn Rate

Uncapped Annual Points Accrual

$450 annual Qantas Travel Credit

High Annual Fee ($450)

1% Balance Transfer Establishment Fee

$65,000 minimum income requirement

$0 Annual Fee in the first year and waived in subsequent years when you spend $1,000 or more on purchases or cash advances in the previous year

3% International Transaction Fee

$0 Annual Fee

No Foreign Transaction Fees

Complimentary Overseas Travel Insurance

Entry-level credit limit of $500 minimum

Can earn either Commbank Awards points or Qantas Frequent Flyer points

High Balance Transfer Rate (5.99%)

Awards points earn rate capped at 50,000 per annum

Qantas points earn rate capped at 12,000 per annum

0% p.a on Balance Transfers for 20 months

Low $59 Annual Fee & Low Interest Rate of 13.74% p.a. on purchases

One additional cardholder at no extra cost

3% Foreign Transaction Fee

No annual fee

0% p.a. balance transfers for 18 months when you apply by 31 August 2020

Low flybuys points earn rate of 1 Flybuy Point per $2

2.5% International Transaction Fee

Relatively high 19.99% interest rate

Earn 2 flybuys Points per $1 on eligible spend

$10 off Coles supermarket shop at the checkout each time you redeem 2,000 flybuys points

Relatively high $99 Annual Fee

$0 Annual Fee in the first year

Ongoing Annual Fee Waiver: $0 if you make $20,000 in eligible purchases on the card in 12 months

Complimentary Overseas Travel Insurance and Purchase Security Insurance

2% Balance Transfer Fee

3% International Transaction Fee

No Annual Fee

3.3% International Transaction Fee

You can't earn Velocity Points even though this card is issued by Virgin

Low $30 Annual Fee

0% p.a. on Balance Transfers for 18 months

2% Balance Transfer Fee

$400 Travel Credit each year

0% p.a. on Balance Transfers for the first 12 months

Two complimentary entries per year to the American Express Lounge at Sydney or Melbourne International Airports

Earn up to 2 Membership Rewards points per $1

$395 Annual Fee

Low Interest Rate of 12.49% p.a. on purchases

$0 Annual Account Fee in First Year, $58 in subsequent years

0% on Balance Transfers for 22 months

3% Foreign Transaction Fee

Low purchase interest rate of 13.24%

Accessible minimum credit limit of $500

3% International Transaction Fee

No attached rewards program

$10 off at Woolworths for 2,000 points (min. $667 spend)

10% off one shop at Woolworths each month

Points earned are not the same as regular Woolworths Rewards points

200,000 Bonus Amplify Points or 90,000 Bonus Qantas Points on offer

Earn 1.5 Amplify Points or 0.75 Qantas Points for each dollar spent on eligible purchases, uncapped. Plus, receive Birthday Bonus Points

0% pa. on Balance Transfers for 6 months

$139 Annual Card Fee for the first year ($279 thereafter)

3% Overseas Transaction Fee

No annual fee

80,000 Bonus Awards Points when you apply by 28 October 2020 and spend $4,000 on eligible purchases within 90 days from activation.

Earn 1 Awards point for every $1 spent

$249 Annual Fee

3% International Transaction Fee

$200 Travel Credit each year

Earn up to 3 Membership Rewards Points per $1

0% p.a. on Balance Transfers for the first 12 months

Complimentary Travel Insurance

$195 Annual Fee

0% p.a. on Balance Transfers for 22 months, 0% Balance Transfer Fee

Refunded $129 Annual Fee if you spend $6,000 or more on purchases each year

Earn up to 2 Rewards Plus Points per dollar

3% Overseas Exchange Fees

Earning Points capped at 10,000 per statement period