Top Balance Transfer Credit Cards

Balance transfers are one of the most popular options for getting rid of credit card debt and credit card providers seem to know it.

With credit debt becoming a bigger issue many Australian cardholders, there are more and more cards on the market that now feature low rates for balance transfers, with some introductory offers lasting up to 15 months.

One of the biggest advantages to these offers is that people can switch to a different card and still get whatever additional and ongoing features they might be interested in.

Whether you are looking for an ongoing low rate card, a platinum or a rewards card, there is bound to be a competitive balance transfer option available and here we look at three of the best.

Low Rate Balance Transfers

The Bankwest Breeze Classic credit card has a 12-month balance transfer rate of 5.99% p.a. and one of the lowest ongoing purchase rates at just 10.99%.

This card also has a number of additional benefits, including:

• 5% cashback on everyday spending on groceries, petrol and utility bills for 12 months
• Best price guarantee if you find goods you buy with your card cheaper within 21 days
• Up to 12 months extra warranty on eligible purchases; and
• Three months complimentary purchase protection against loss, theft or accidental damage

All of these features make this card one the best low rate balance transfer options to help keep interest down and convenience up.

Platinum Balance Transfers

Not many platinum credit cards also come with a low ongoing purchase rate or annual fee under $100, but the Citibank Clear Platinum card is one that goes against these standards.

With an ongoing purchase rate of 11.99% p.a., a balance transfer rate of 0% p.a. for six months and benefits like a dining program and complimentary insurance, this platinum option is well worth considering.

Rewards Balance Transfers

Whether you are interested in earing frequent flyer points or want more lifestyle-based rewards, the Virgin Flyer credit card should be included in card comparisons for a balance transfer.

This card comes with a 0% p.a. balance transfer offer and earns cardholders one Velocity point per $1 on most purchases, which can be redeemed for domestic and international Virgin flights, food and wine, electronics and more.

For people who fly Virgin, the earning potential for this card is sure to outweigh the annual fee of $99 – already quite low for this kind of card.

No matter what kind of card you want, or what the state of your current balance is, chances are there will be a balance transfer option that fits the bill.

With a better idea of the different kinds of cards offering balance transfer deals you should be able to compare a range of offers to find one that is ideal.