Not sure which balance transfer card to choose? It can be tricky with annual fees, balance transfer fees, and rewards to consider.
When deciding which to go for, consider the balance transfer rate (usually interest-free), the length of the offer (can be 2+ years), if there is an annual fee (typically there is), and if the card has any other beneficial perks (like earning rewards points or complimentary travel insurance).
Check out our balance transfer credit card comparison page, where you can compare more offers.
Coming up next
- Best balance transfer credit card overall
- Balance transfer credit card with longest offer
- Best balance transfer credit card with no annual fee
- Best balance transfer credit card with no balance transfer fee
- Best balance transfer credit card with Qantas Points
- Best balance transfer credit card with Velocity Points
- Pros and cons
- Our ranking criteria
The use of "featured", "popular", "best" and "top" on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input.
Best balance transfer credit card overall
Interest-free for longer
Balance transfer credit card with longest offer
Save money on account fees
Best balance transfer credit card with no annual fee
Avoid paying a balance transfer fee
Best balance transfer credit card with no balance transfer fee
Save interest and earn Qantas Points as you spend
Best balance transfer credit card with Qantas Points
Save interest and earn Velocity Points as you spend
Best balance transfer credit card with Velocity Points
Things to consider
Pros and cons
- Save money. You can pay down your debt without paying interest, which saves you money (and can get you out of debt faster).
- More time to pay. The 0% interest period gives you more time to pay off your debt in a predictable way.
- Lower monthly payments. With no interest, your monthly payments can be lower, making it easier to clear your debt.
- Consolidate and simplify your finances. You can transfer debt from multiple credit or store cards to one balance transfer card.
- Balance transfer fees. Some balance transfer cards charge a fee for transferring debt from other cards. This can be added to your overall debt (if you choose that option).
- You can still spend. If you are not disciplined, you could continue spending and get further into debt.
- Minimum repayment trap. You could pay the minimum required only, which keeps you in debt.
- The introductory period is a temporary respite. Once it ends, your interest rate will go back up. You may choose to do another balance transfer.
How we choose these
Our ranking criteria
- This page provides a list of the best introductory balance transfer credit card offers in Australia, as available at the time of publishing on Finty.
- We have included personal credit cards only.
- Offers made available on other marketing channels, such as internet banking or direct mail, are not included.
- Offers that are exclusive to Finty are included, when available.
- Other factors are taken into account when there is a tie, including annual fees, interest rates, sign up bonuses, and rewards earn rate.
- Credit cards are eligible for consideration regardless of the status of Finty's relationship with the issuer.