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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%
8 listings
Commonwealth Bank Low Fee
- Specifications
- Pros & Cons
- Benefits: Reduced First Year Annual Fee
- Minimum Credit Limit : $500
- Maximum Credit Limit : $50,000
- Minimum Income : $15,000
- Contactless Payments: Apple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Reduced First Year Annual Fee : $0
- Balance Transfer Period : 5 months
- Balance Transfer Rate : 5.99% p.a.
- Balance Transfer Fee : 0%
$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
Commonwealth Bank Awards
- Specifications
- Pros & Cons
- Minimum Credit Limit : $500
- Rewards Program: CommBank Awards
- Points Earn Rates : 1 points per $1
- Contactless Payments: Apple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Sign-Up Bonus : Receive 30,000 Bonus Awards Points when you apply by 29 February 2020 and spend $2,000 within 90 days.
- Balance Transfer Period : 5 months
- Balance Transfer Rate : 5.99% p.a.
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
Switching to Qantas points program incurs an additional $30 annual fee
Sign-Up Bonus Points30,000
Virgin Money No Annual Fee Visa
- Specifications
- Pros & Cons
- Minimum Credit Limit : $2,000
- Minimum Income : $25,000
- Contactless Payments: Samsung Pay
- Balance Transfer Period : 36 months
- Balance Transfer Rate : 6.9% p.a.
- Balance Transfer Fee : 0%
No Annual Fee
6.9% p.a. on balance transfers for up to 36 months if you apply by 02 December 2019
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.
- Award Winner 2020
Commonwealth Bank Low Rate
- Specifications
- Pros & Cons
- Benefits: Cashback Offer
- Minimum Credit Limit : $500
- Contactless Payments: Apple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Balance Transfer Period : 5 months
- Balance Transfer Rate : 5.99% p.a.
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
$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
Commonwealth Bank Platinum Awards
- Specifications
- Pros & Cons
- Benefits: Complimentary Travel Insurance and Sign-Up Bonus Points Offer
- Minimum Credit Limit : $6,000
- Maximum Credit Limit : $50,000
- Minimum Income : $50,000
- Rewards Program: CommBank Awards
- Points Earn Rates : 1 points per $1
- Contactless Payments: Apple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
- Sign-Up Bonus : Receive 100,000 Bonus Awards Points when you apply by 29 February 2020 and spend $4,000 within 90 days.
- Balance Transfer Period : 5 months
- Balance Transfer Rate : 5.99% p.a.
- Balance Transfer Fee : 0%
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
International Travel Insurance included
$249 Annual Fee
3% International Transaction Fee
Points are capped at 150,000 points per year
Sign-Up Bonus Points100,000
Virgin Australia Velocity Flyer
- Specifications
- Pros & Cons
- Benefits: Complimentary Travel Insurance, Reduced First Year Annual Fee, Sign-Up Bonus Points Offer and Travel Credit
- Minimum Credit Limit : $6,000
- Maximum Credit Limit : $50,000
- Minimum Income : $35,000
- Rewards Program: Velocity Frequent Flyer
- Points Earn Rates : 0.66 points per $1
- Contactless Payments: Samsung Pay
- Sign-Up Bonus : Earn up to 70,000 bonus Velocity Points (25,000 points each month when you spend $1,500 or more in the first 3 months and 10,000 points after your first anniversary)
- Introductory Rate : 0% p.a. for up to 14 months on purchases.
- Reduced First Year Annual Fee : $65
- Balance Transfer Period : 22 months
- Balance Transfer Rate : 0% p.a.
- Balance Transfer Fee : 0%
Multiple Promotional Offers to choose from (see Details below) if you apply by 02 December 2019
$129 Virgin Australia Gift Voucher each year
Earn Velocity Points at a rate of 0.66 points per $1 spent up to $1,500 per statement period
3.3% International Transaction Fee
Earn Rate drops to 0.5 points per $1 spent after the first $1,500 per statement period
Sign-Up Bonus Points70,000
Virgin Australia Velocity High Flyer
- Specifications
- Pros & Cons
- Benefits: Complimentary Travel Insurance, Sign-Up Bonus Points Offer and Travel Credit
- Minimum Credit Limit : $15,000
- Maximum Credit Limit : $50,000
- Minimum Income : $75,000
- Rewards Program: Velocity Frequent Flyer
- Points Earn Rates : 1 points per $1
- Contactless Payments: Samsung Pay
- Sign-Up Bonus : Earn up to 100,000 bonus Velocity Points (25,000 Points each month when you spend $3,000 or more in the first 3 months and 25,000 Points after your first anniversary).
- Balance Transfer Period : 15 months
- Balance Transfer Rate : 0% p.a.
- Balance Transfer Fee : 0%
100,000 Bonus Velocity Points on offer (see Details below)
Earn 1 Velocity Point per $1 spent up to $8,000 per statement period
$129 Virgin Australia Gift Voucher and Two Single Entry Virgin Australia domestic Lounge passes each year
Complimentary Travel Insurance
$289 Annual Fee
Minimum Credit Limit of $15,000
Minimimum Income requirement of $75,000
3.3% International Transaction Fee
Sign-Up Bonus Points100,000
Virgin Money Low Rate
- Specifications
- Pros & Cons
- Benefits: Cashback Offer
- Minimum Credit Limit : $6,000
- Minimum Income : $35,000
- Contactless Payments: Samsung Pay
- Balance Transfer Period : 14 months
- Balance Transfer Rate : 0% p.a.
Purchase Rate of 11.9% p.a.
$49 Annual Fee
0% p.a. for the first 14 months on Balance Transfers
3.3% International Transaction Fee
Balance Transfers revert to a high Cash Advance Rate of 21.69% after the offer period ends
You can't earn Velocity Points even though this card is issued by Virgin