Balance Transfer Credit Cards
If you have an existing credit card with an outstanding balance that you’re having a hard time paying off, then a balance transfer credit card could give you the opportunity to not only save money on interest but also pay off your debt in a shorter period of time. Fortunately, there are a lot of balance transfer credit cards being offered today which can give you exactly what you are looking for.
| Credit Card | Card Details | Annual Fee | Interest Rate p.a. | Cash Advance Rate p.a. | Balance Transfer Rate p.a. | Interest Free Days | |
|---|---|---|---|---|---|---|---|
 Suncorp Platinum Card | Great rewards program and security features. Balance Transfer for life offer! | $205 | 19.99% | 19.99% | 3.9% p.a. for life | Up to 55 Days |  More Info |
 Suncorp Gold Credit Card | Great Balance Transfer Offer, complimentary international travel insurance and purchase protection | $99 | 19.75% | 19.75% | 2.9% p.a. for 12 months | Up to 55 Days | More Info |
 IMB Rewards Card | Great Rewards program, reasonable annual fee and very generous balance transfer offer. | $99 | 19.24% p.a. | 19.99% p.a. | 2.9% for 9 months | Up to 55 Days | More Info |
 CUA Gold Rewards Mastercard | Earn 1 reward point for every $1 spent on your card with no point expiry. Complimentary international travel insurance and purchase cover included. | $85 | 19.24% | 19.99% | 2.9% for 9 months | Up to 55 days | More Info |
 Commonwealth Bank Platinum Card | Earn up to 150,000 points per year. Travel Insurance for up to 12 months. Extended Insurance /Purchase/Security benefits. Commonwealth Awards Program plus extra Platinum Rewards. | $280* | 20.24% | 21.24% | 5.99% for 5 months | Up to 55 days | More Info |
 Commonwealth Bank Low Fee Card | A great card for people who uphold their 55 day interest free grace period. Paying $0 each year on your repayments, interest and fees is easily possible with this card. | $24* | 19.74% | 21.24% | 5.99% for 5 months | Up to 55 days | More Info |
 Commonwealth Bank Gold Card | Earn up to 100,000 points per year. Free International Travel/Hospital Insurance for up to 3 months*. Points exchangable for Frequent Flyer Points. | $144* | 20.24% | 21.24% | 5.99% for 5 months | Up to 55 days | More Info |
 St George Platinum | One of the cheapest credit card available in Australia for purchases. Earn shopping and entertainment discounts complimentary with St George 'Instant Benefits'. | $89 | 15.74% | 21.24% | 3.99% for up to 6 months. | Up to 55 days | More Info |
 Citibank Business Card (Citibusiness Gold) | Lots of business opportunities and benefits, such as high credit limit access. | $74 for first year | 20.49% | 20.99% | 2.9% for 9 months | Up to 55 days | More Info |
 Citibank Platinum Card | For high debt that needs a long time to be repaid, the 3.9% balance transfer for life can’t be beaten. | $250 | 20.74% | 21.24% | 3.9% balance transfer for life. | Up to 55 days | More Info |
 Citibank Gold Card | Increased privilege and benefits over the Silver, yet not as high as Platinum. | $149 | 20.74% | 21.24% | 1.9% for up to 12 months. | Up to 55 days | More Info |
 Citibank BP Card | 5% off petrol at BP. 0.5% cashback for every other purchase made on the card. | $79 | 20.89% | 20.89% | 1.90% p.a. for 12 months | Up to 55 days | More Info |
 Citibank Silver Card | Features a free rewards program along with no point expiry. | $89 | 20.74% | 21.24% | 2.9% p.a. for up to 12 months | Up to 55 days | More Info |
 ANZ Gold Visa Card | High levels of purchase security and insurance cover. Includes comprehensive travel insurance. | $87 | 18.99% | 20.74% | 7.99% p.a. for first 6 months. | Up to 55 days | More Info |
 Citibank Clear Card | A fairly competitive low interest rate credit card. An excellent option for those who don't qualify for the Clear Platinum. | $65 | 15.49% Introductory APR of 11.99% for first 12 months | 21.24% | 0% for 6 months | Up to 55 days | More Info |
 ANZ Balance Visa Card | You gain reward points for every dollar you pay off your balance. Also a modest annual fee and low purchase rate. | $79 | 14.24% | 21.49% | 0% p.a. for 6 months | Up to 55 days | More Info |
 ANZ First Visa Card | No annual fee for 12 months, followed by a standard $30. Ideal for students as it has a low annual fee and easy approval. | $0/$30 | 18.99% | 20.74% | 7.99% p.a. for 6 months. | Up to 44 days | More Info |
 Citibank Emirates Platinum Card | 2.9% p.a. balance transfer for 12 months. Good credit rating required for application approval. | $229 | 20.74% | 20.74% | 2.9% p.a. for 12 months | Up to 55 days | More Info |
 St George Vertigo | Competitive interest rate from one of Australia's most respected banks. | $55 | 12.49% | 21.24% | 2.99% for 6 months | Up to 55 days | More Info |
 ANZ Low Rate MasterCard | Save with low interest rate on purchases and enjoy 0% p.a. on balance transfers for the first 6 months. | $58 | 13.24% | 21.49% | 0% for 6 months | Up to 55 days | More Info |
 Aussie Mastercard | Choose 2.99% p.a. on purchases and balance transfers for the 1st 6 months or 3.99% p.a on balance transfers for the 1st 12 months. Reverts to just 12.99% p.a. | $49 | 12.99% (2.99% for first 6 months balance transfer) or (3.99% p.a on balance transfers for the 1st 12 months) | 19.79% | 2.99% for 6 months or 3.99% p.a on balance transfers for the 1st 12 months | Up to 55 days | More Info |
 Citibank Clear Platinum Visa Card | Save big money with a 0% introductory on balance transfers. ( Only applicable for first 6 months ) Min. Income to apply is $50k per year | $49* | 11.49% | 21.24% | 0% for 6 months | Up to 55 days | More Info |
Balance transfer credit cards allow a cardholder to transfer the balance of their existing credit card to a new credit card. As the balance is transferred, the cardholder is usually given the opportunity to have lower monthly payments brought about by a lower interest rate. Most balance transfer credit cards usually offer a 0% interest rate for the first six to 15 months. After the grace period is over, the regular annual percentage rate would be applied. This means that if you’re able to pay off your balance within the period when the honeymoon rate is still in effect, then you’ll be able to save a huge amount in potential interest charges.
Aside from saving you a lot on finance charges, you would also be able to use the card for regular purchases, just like how you would with a regular credit card. Balance transfer credit cards also usually offer a rewards program of some sort, from cash rebates to travel discounts to frequent flyer miles to other miscellaneous rewards. They also provide other regular conveniences such as online banking and protection from fraudulent transactions or unauthorized purchases, along with some other value-added services.
It is very easy to apply for a balance transfer credit card today with all the available offers on the market. It is important, however, to make sure that you review the different balance transfer credit card offers out there and match a card with the kind of spending pattern that you have.