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 (currently 55,000)

High Points Earn Rate

Uncapped Annual Points Accrual

$450 yearly Qantas Travel Credit

High Annual Fee ($450)

Only 44 days Interest-Free Period

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

120,000 Bonus Points when you apply by 31 January 2020 and spend $3,000 in the first 90 days from approval

No International Transaction Fee

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

Entry-level credit limit of $500 minimum

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 16 months & No Balance Transfer Fee

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

No annual fee

0% p.a. on purchases or balance transfers for 6 months when you apply by 31 March 2020

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

2.5% International Transaction Fee

Relatively high 19.99% interest rate

No Annual Fee

3.3% International Transaction Fee

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

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

$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

Low $30 Annual Fee (waived for full-time tertiary students)

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

Multiple Promotional Offers to choose from (see Details) if you apply by 31 January 2020

Points Earn Rate: 1 Citi Point per $1 spent

Linked Diners Club Card has No International Transaction Fees and 2 Citi Points per $1 spent earn rate

0% on Balance Transfers for either 12, 15 or 26 months

$149 or $199 Annual Fee after your first year

3.4% International Transaction Fee

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

Low Annual Fee of $58

0% on Balance Transfers for 15 months & No Balance Transfer Fee

3% Foreign Transaction Fee

Up to $300 cashback on offer if you apply by 30 April 2020

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

No annual fee

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

$179 Annual Card Fee for the first year ($279 thereafter)

3% Overseas Transaction Fee

100,000 Bonus Awards Points if you apply by 29 Feb 2020 and spend $4,000 within 90 days from activation

Earn 1 Awards point for every $1 spent

$249 Annual Fee

3% International Transaction Fee

$0 Annual Fee & Low Interest Rate of 14.99% p.a. on purchases

Earn up to 1.25 Membership Rewards Points per $1

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

Smartphone Screen Insurance

3% Balance Transfer Fee