- Sign in
- Write a review
Best Balance Transfer Credit Cards
Looking to consolidate your debt and pay it off faster, or reduce the amount of interest you pay on credit card debt by getting a balance transfer card? This category page can help you compare balance transfer credit cards and find the best credit card for you.
Read More...In addition to common credit card filters, use our Balance Transfer Rates filters to find the best new card for you:
Balance Transfer Period
Choose how many months you prefer or think you'll need to stay on the balance transfer rate for. The promotional period for a transfer offer varies, and includes many options so whether you need 12 months, 18 months, or 26 months you'll be able to find a good balance transfer deal that suits your needs and help you maintain a lower credit card balance.
Balance Transfer Rate
The balance transfer rate can really affect the total amount of money you end up paying back. This may be a priority for you; using the filter to find credit cards with a 0% balance transfer rate could be particularly helpful. Zero interest credit cards, even if only for a short promotional period, can be hugely beneficial to you in paying off credit card debt. Also make sure you read the fine print and look at the cash advance rate and standard interest rate - interest free days often don't apply when you have a balance transfer and when the promotion period ends, may sometimes revert to an often higher cash advance rate.
Balance Transfer Fee
The higher your balance transfer amount, the more you need to be wary of this fee if you get a new card. Use the filter to find credit cards with a balance transfer fee that you would be comfortable with.
Remember, using the filters together can be very useful and will help you find the best balance transfer credit card for you faster. For example, many people are looking for a balance transfer credit card with an annual fee of at most $100, a 0% balance transfer rate and a maximum balance transfer fee of 1%
67 listings
- Award Winner 2020
Qantas American Express Discovery
- Pros & Cons
- Review Summary
- Specifications
No Annual Fee
No Points Earn Cap
0.75 point-per-dollar rate is reasonable for a $0-annual fee card
Generally fewer sign-up bonus points compared to other cards
Low Interest-Free Period (44 Days)
- Transparency 4.4 (37)
- Customer Service4.7 (35)
- Rates and Fees4.3 (36)
- Rewards4.2 (33)
- Online Experience4.4 (34)
- Application Process4.6 (34)
- BenefitsTravel Credit
- Minimum Credit Limit $2,000
- Maximum Credit Limit $100,000
- Minimum Income $35,000
- Rewards ProgramQantas Frequent Flyer
- Points Earn Rate 0.75 points per $1
- Contactless PaymentsApple Pay, Fitbit Pay, Google Pay and Samsung Pay
- Balance Transfer Period 12 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 1%
Qantas American Express Ultimate
Sign-Up Bonus Points55,000
- Pros & Cons
- Review Summary
- Specifications
Regular Bonus Point Offers
High Points Earn Rate
Uncapped Annual Points Accrual
$450 annual Qantas Travel Credit
Two complimentary Qantas Lounge invitations
High Annual Fee ($450)
1% Balance Transfer Establishment Fee
$65,000 minimum income requirement
Reviewers commonly complain that AmEx is not accepted everywhere
- Transparency 4.2 (38)
- Customer Service4.5 (40)
- Rates and Fees3.5 (40)
- Rewards4.5 (39)
- Online Experience4.2 (38)
- Application Process4.4 (41)
- BenefitsComplimentary Travel Insurance, Sign-Up Bonus Points Offer and Travel Credit
- Minimum Credit Limit $3,000
- Minimum Income $65,000
- Rewards ProgramQantas Frequent Flyer
- Points Earn Rate 1.25 points per $1
- Contactless PaymentsApple Pay, Google Pay and Samsung Pay
- Balance Transfer Period 12 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 1%
Commonwealth Bank Low Fee
- Pros & Cons
- Review Summary
- Specifications
0% p.a on purchases for 15 months if you apply by 25 February 2021
$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
Minimum credit limit of $500
3% International Transaction Fee
No attached rewards program
- Transparency 4.4 (36)
- Customer Service4.3 (36)
- Rates and Fees3.9 (36)
- Rewards3.1 (12)
- Online Experience4.4 (36)
- Application Process4.4 (30)
- BenefitsIntroductory Interest Rate and Reduced First Year Annual Fee
- Minimum Credit Limit $500
- Maximum Credit Limit $50,000
- Minimum Income $15,000
- Introductory Rate 0% p.a. for the first 15 months
- Reduced First Year Annual Fee $0
- Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Balance Transfer Period 5 months
- Balance Transfer Rate 5.99% p.a.
- Balance Transfer Fee 0%
Bankwest Zero Platinum MasterCard
- Pros & Cons
- Review Summary
- Specifications
$0 Annual Fee
No Foreign Transaction Fees
Complimentary Overseas Travel Insurance
2.99% p.a. on Balance Transfers for the first 9 months
No attached rewards program
- Transparency 4.5 (31)
- Customer Service4.1 (33)
- Rates and Fees4.5 (31)
- Rewards2.2 (9)
- Online Experience4.2 (33)
- Application Process4.4 (31)
- BenefitsComplimentary Travel Insurance and No Foreign Transaction Fee
- Minimum Credit Limit $6,000
- Maximum Credit Limit $50,000
- Minimum Income $65,000
- Contactless PaymentsApple Pay and Google Pay
- Balance Transfer Period 9 months
- Balance Transfer Rate 2.99% p.a.
Commonwealth Bank Awards
- Pros & Cons
- Review Summary
- Specifications
Entry-level credit limit of $500 minimum
Low $59 Annual Fee
High Balance Transfer Rate (5.99%)
Awards points earn rate capped at 50,000 per annum
- Transparency 4.1 (49)
- Customer Service4.3 (49)
- Rates and Fees3.6 (49)
- Rewards4.1 (37)
- Online Experience4.4 (48)
- Application Process4.2 (39)
- Minimum Credit Limit $500
- Rewards ProgramCommBank Awards
- Points Earn Rate 1 points per $1
- Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Balance Transfer Period 5 months
- Balance Transfer Rate 5.99% p.a.
Westpac Low Rate
- Pros & Cons
- Review Summary
- Specifications
0% p.a on Balance Transfers for 24 months
Low $59 Annual Fee & Low Interest Rate of 13.74% p.a. on purchases
One additional cardholder at no extra cost
$200 Cashback with $1,000 minimum spend within 90 days of card approval
3% Foreign Transaction Fee
1% Balance Transfer Fee
- Transparency 4.1 (39)
- Customer Service4.2 (40)
- Rates and Fees3.8 (41)
- Rewards3.4 (21)
- Online Experience4.3 (36)
- Application Process4.2 (37)
- BenefitsCashback Offer
- Minimum Credit Limit $500
- Maximum Credit Limit $25,000
- Minimum Income $15,000
- Contactless PaymentsFitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Balance Transfer Period 24 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 1%
Coles No Annual Fee MasterCard
- Pros & Cons
- Review Summary
- Specifications
No annual fee
0% p.a. balance transfers for 12 months when you apply by 31 March 2021
$10 off Coles supermarket shop at the checkout each time you redeem 2,000 flybuys points
Low flybuys points earn rate of 1 Flybuy Point per $2
2.5% International Transaction Fee
Relatively high 19.99% interest rate
Reviewers mention poor customer service should an issue arise
- Transparency 3.7 (106)
- Customer Service3.6 (107)
- Rates and Fees4.1 (105)
- Rewards3.8 (90)
- Online Experience3.5 (104)
- Application Process4.1 (91)
- Minimum Credit Limit $2,000
- Maximum Credit Limit $60,000
- Minimum Income $25,000
- Rewards Programflybuys
- Points Earn Rate 0.5 points per $1
- Contactless PaymentsApple Pay and Samsung Pay
- Balance Transfer Period 18 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 1.5%
Coles Rewards Mastercard
- Pros & Cons
- Review Summary
- Specifications
Earn 2 flybuys Points per $1 on eligible spend
$0 Annual Fee
$10 off Coles supermarket shop at the checkout each time you redeem 2,000 flybuys points
0% p.a. on balance transfers for 18 months
Relatively high $99 Annual Fee
$30 Late Payment Fee
1.5% Balance Transfer Fee
- Transparency 3.4 (101)
- Customer Service3.2 (105)
- Rates and Fees3.5 (98)
- Rewards4.0 (85)
- Online Experience3.4 (97)
- Application Process3.6 (89)
- Minimum Credit Limit $2,000
- Rewards Programflybuys
- Points Earn Rate 2 points per $1
- Contactless PaymentsApple Pay and Samsung Pay
- Balance Transfer Period 18 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 1.5%
ANZ Platinum
- Pros & Cons
- Review Summary
- Specifications
0% p.a. for 17 months on purchases and $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
Add up to 9 Additional Cardholders at no additional cost
2% Balance Transfer Fee
3% International Transaction Fee
No attached rewards program
- Transparency 3.8 (15)
- Customer Service3.7 (17)
- Rates and Fees3.5 (17)
- Rewards3.6 (5)
- Online Experience3.9 (17)
- Application Process3.8 (14)
- BenefitsComplimentary Travel Insurance, Introductory Interest Rate and Reduced First Year Annual Fee
- Minimum Credit Limit $6,000
- Minimum Income $35,000
- Introductory Rate 0% p.a. for the first 17 months
- Reduced First Year Annual Fee $0
- Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
Virgin Money No Annual Fee Visa
- Pros & Cons
- Review Summary
- Specifications
No Annual Fee
0% p.a. for 12 months on balance transfers
0% p.a. for 12 months on purchases
3.3% International Transaction Fee
You can't earn Velocity Points even though this card is issued by Virgin
Balance Transfer Rate at the end of the offer period reverts to the Cash Advance Rate of 20.99% p.a.
- Transparency 1.8 (22)
- Customer Service1.8 (22)
- Rates and Fees2.2 (19)
- Rewards1.9 (14)
- Online Experience1.9 (20)
- Application Process2.3 (20)
- BenefitsIntroductory Interest Rate
- Minimum Credit Limit $2,000
- Minimum Income $25,000
- Introductory Rate 0% p.a. for 12 months on purchases
- Contactless PaymentsSamsung Pay
- Balance Transfer Period 12 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 0%
American Express Explorer
Sign-Up Bonus Points150,000
- Pros & Cons
- Review Summary
- Specifications
Up to 150,000 bonus Membership Rewards points on offer
$400 Travel Credit each year
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
Complimentary Travel Insurance
$395 Annual Fee
1% Balance Transfer Fee
- Transparency 4.2 (13)
- Customer Service4.6 (12)
- Rates and Fees3.5 (13)
- Rewards4.0 (12)
- Online Experience4.4 (13)
- Application Process4.7 (11)
- BenefitsComplimentary Travel Insurance, Sign-Up Bonus Points Offer and Travel Credit
- Minimum Credit Limit $3,000
- Minimum Income $65,000
- Rewards ProgramAmerican Express Membership Rewards
- Points Earn Rate 2 points per $1
- Contactless PaymentsApple Pay, Fitbit Pay, Google Pay and Samsung Pay
ANZ Low Rate
- Pros & Cons
- Review Summary
- Specifications
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 25 months
Up to 3 Additional Cardholders at no additional cost
3% Foreign Transaction Fee
1.5% Balance Transfer Fee and rate reverts to the high Cash Advance Rate of 20.24% at the end of the offer period
- Transparency 4.1 (12)
- Customer Service4.2 (12)
- Rates and Fees4.2 (12)
- Rewards2.8 (4)
- Online Experience4.3 (11)
- Application Process4.1 (9)
- BenefitsReduced First Year Annual Fee
- Minimum Credit Limit $1,000
- Minimum Income $15,000
- Rewards ProgramANZ Rewards
- Reduced First Year Annual Fee $0
- Contactless PaymentsApple Pay and Google Pay
- Balance Transfer Period 25 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 1.5%
- Pros & Cons
- Review Summary
- Specifications
Low $30 Annual Fee
0% p.a. on Balance Transfers for 18 months
Low minimum credit limit of $1,000
Up to 3 additional cardholders at no additional cost
2% Balance Transfer Fee
3% Foreign Transaction Fee
- Transparency 3.6 (7)
- Customer Service3.5 (8)
- Rates and Fees3.6 (7)
- Rewards5.0 (1)
- Online Experience3.9 (7)
- Application Process3.8 (4)
- Minimum Credit Limit $1,000
- Minimum Income $15,000
- Rewards ProgramANZ Rewards
- Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Balance Transfer Period 18 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 2%
- Award Winner 2020
Commonwealth Bank Low Rate
- Pros & Cons
- Review Summary
- Specifications
Low purchase interest rate of 13.24%
Accessible minimum credit limit of $500
$59 Annual Fee
3% International Transaction Fee
No attached rewards program
5.99% p.a. on Balance Transfers for 5 months, reverting to the high Cash Advance Rate of 21.24% thereafter
- Transparency 4.3 (7)
- Customer Service4.6 (7)
- Rates and Fees4.4 (7)
- Rewards2.7 (3)
- Online Experience4.3 (7)
- Application Process4.5 (8)
- BenefitsCashback Offer
- Minimum Credit Limit $500
- Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Balance Transfer Period 5 months
- Balance Transfer Rate 5.99% p.a.
Woolworths Everyday Platinum
- Pros & Cons
- Review Summary
- Specifications
$10 off at Woolworths for 2,000 points (min. $667 spend)
10% off one shop at Woolworths each month
Regular promotions to waive the annual fee for the first year
Points earned are not the same as regular Woolworths Rewards points
Points cannot be converted to Qantas Frequent Flyer points
- Transparency 3.8 (63)
- Customer Service3.6 (66)
- Rates and Fees3.6 (66)
- Rewards3.9 (53)
- Online Experience3.8 (60)
- Application Process3.8 (60)
- BenefitsReduced First Year Annual Fee
- Minimum Credit Limit $6,000
- Minimum Income $30,000
- Points Earn Rate 3 points per $1
- Reduced First Year Annual Fee $0
- Contactless PaymentsApple Pay
- Balance Transfer Period 14 months
- Balance Transfer Rate 0% p.a.
St. George Amplify Signature · includes 2 listings
Sign-Up Bonus Points80,000 to 200,000
- Pros & Cons
- Review Summary
- Specifications
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
Complimentary Insurance Covers and 2 Lounge Passes each year
$379 Annual Fee
3% Overseas Transaction Fee
Balance Transfer Rate reverts to high Cash Advance Rate of 19.74% after the first 6 months
- Transparency 4.4 (14)
- Customer Service4.5 (14)
- Rates and Fees3.9 (14)
- Rewards4.7 (11)
- Online Experience4.3 (14)
- Application Process4.4 (15)
- BenefitsSign-Up Bonus Points Offer and Reduced First Year Annual Fee
- Minimum Credit Limit $15,000
- Rewards ProgramQantas Frequent Flyer and Amplify Rewards
- Points Earn Rate 0.75 to 1.5 points per $1
- Reduced First Year Annual Fee $139 and $179
- Contactless PaymentsApple Pay, Samsung Pay and Google Pay
- Balance Transfer Period 6 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 0%
BankWest Zero MasterCard Classic
- Pros & Cons
- Review Summary
- Specifications
No annual fee
Accessible $1,000 minimum credit limit
2.95% foreign transaction fee
- Transparency 3.7 (21)
- Customer Service3.4 (21)
- Rates and Fees3.8 (21)
- Rewards2.4 (7)
- Online Experience3.4 (20)
- Application Process4.1 (19)
- Minimum Credit Limit $1,000
- Maximum Credit Limit $25,000
- Minimum Income $20,000
- Contactless PaymentsApple Pay and Google Pay
- Balance Transfer Period 9 months
- Balance Transfer Rate 2.99% p.a.
Commonwealth Bank Platinum Awards
Sign-Up Bonus Points80,000
- Pros & Cons
- Review Summary
- Specifications
80,000 Bonus Awards Points on offer
Earn 1 Awards point for every $1 spent
International Travel Insurance included
$249 Annual Fee
3% International Transaction Fee
Points are capped at 150,000 points per year
- Transparency 3.5 (22)
- Customer Service3.9 (22)
- Rates and Fees2.7 (22)
- Rewards2.9 (18)
- Online Experience4.0 (22)
- Application Process4.0 (16)
- BenefitsComplimentary Travel Insurance and Sign-Up Bonus Points Offer
- Minimum Credit Limit $6,000
- Maximum Credit Limit $50,000
- Minimum Income $50,000
- Rewards ProgramCommBank Awards
- Points Earn Rate 1 points per $1
- Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Balance Transfer Period 5 months
- Balance Transfer Rate 5.99% p.a.
- Balance Transfer Fee 0%
American Express Platinum Edge
Sign-Up Bonus Points50,000
- Pros & Cons
- Review Summary
- Specifications
50,000 Bonus Membership Rewards points on offer
$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
1% Balance Transfer Fee
- Transparency 3.5 (10)
- Customer Service3.5 (11)
- Rates and Fees3.0 (11)
- Rewards3.1 (9)
- Online Experience3.7 (11)
- Application Process4.0 (10)
- BenefitsComplimentary Travel Insurance, Sign-Up Bonus Points Offer and Travel Credit
- Minimum Credit Limit $3,000
- Minimum Income $50,000
- Rewards ProgramAmerican Express Membership Rewards
- Points Earn Rate 3 points per $1
- Contactless PaymentsApple Pay, Fitbit Pay, Google Pay and Samsung Pay
- Balance Transfer Period 12 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 1%
HSBC Platinum
- Pros & Cons
- Review Summary
- Specifications
0% p.a. on Balance Transfers for 26 months and no annual fee in first year or 84,000 bonus Reward points on offer
Refunded $129 Annual Fee if you spend $6,000 or more on purchases each year
Earn up to 2 Rewards Plus Points per dollar
Complimentary Insurances, including Domestic and International Travel Insurance
3% Overseas Exchange Fees
Earning Points capped at 10,000 per statement period
Balance Transfers revert to the high Cash Advance Rate of 21.99% p.a.
- Transparency 3.7 (20)
- Customer Service3.6 (20)
- Rates and Fees4.1 (19)
- Rewards3.7 (14)
- Online Experience3.3 (20)
- Application Process3.4 (20)
- BenefitsComplimentary Travel Insurance
- Minimum Credit Limit $6,000
- Minimum Income $40,000
- Rewards ProgramHSBC Rewards Plus
- Points Earn Rate 2 points per $1
- Contactless PaymentsApple Pay and Google Pay
- Balance Transfer Period 26 months
- Balance Transfer Rate 0% p.a.
- Balance Transfer Fee 1%