Balance Transfer Credit Cards Australia (2026)
Compare 0% balance transfer offers — period length, BT fees, purchase rates, and annual fees. Last verified: 30/09/2026
Rates can change without notice. Last verified: 30/09/2026 (AEST). Please confirm details on the bank’s official page.
A balance transfer lets you move debt from a high-rate card to a new card charging 0% interest for an introductory period. The longer the 0% window, the more time you have to pay down principal without interest charges. Watch the BT fee, the revert rate, and the annual fee — these determine the true cost.
| Action | |||||
|---|---|---|---|---|---|
ANZ Low Rate | 0% for 26m | 3% | 13.74% p.a. | $58/yr | See review |
Bankwest Breeze Classic Mastercard | 0% for 24m | 3% | 12.99% p.a. | $49/yr | See review |
Westpac Low Rate Card | 0% for 20m | 3% | 13.74% p.a. | $84/yr | See review |
Kogan Money Credit Card | 0% for 6m | 0% | 21.99% p.a. | $0 | See review |
People First Bank Visa Credit Card | 2.99% for 6m | $1.50 | 12.95% p.a. | $59/yr | See review |
How to Choose a Balance Transfer Card
The right balance transfer card depends on how much debt you're moving and how quickly you can repay it.
- BT period: Longer is better if you need more time. ANZ offers 26 months at 0%, the longest on this page.
- BT fee: A 3% fee on $10,000 costs $300 upfront. Kogan Money (no fee) and People First Bank (a flat $1.50 per transfer) charge no percentage fee, but their low-rate windows are shorter.
- Revert rate: What you pay on any remaining balance after the 0% period. Most cards here revert to the purchase rate, but some (like Westpac) revert to the higher cash advance rate — check the table. Pay it off before the period ends.
- Annual fee: Kogan Money charges $0. The others charge a card fee (see the table), so factor it into the total saving.
- Avoid new purchases: New spending on a BT card is usually charged at the purchase rate, not 0%. Use a separate card for day-to-day spending during the BT period.
Balance Transfer vs Low Rate Card
A balance transfer card gives you a 0% window to clear existing debt, ideal if you need 6–26 months. A low rate card gives you a consistently lower purchase rate, better if you carry a balance regularly. Some cards, like the Bankwest Breeze Classic, offer both: a 0% BT period and a low ongoing rate (12.99% p.a.) once the period ends.
FAQs
What is the longest 0% balance transfer in Australia?
ANZ Low Rate offers 0% for 26 months, the longest on this comparison page. A 3% BT fee applies.
Which balance transfer cards have no percentage fee?
Kogan Money (no fee) and People First Bank (a flat $1.50 per transfer). The trade-off is a shorter low-rate window.
What happens if I don't pay off the balance before the 0% period ends?
The remaining balance reverts to the card’s standard rate. For these cards that’s 12.95%–22.74% p.a., so aim to clear the full amount before the period expires.
Can I do a balance transfer between cards from the same bank?
No — balance transfers must be between different financial institutions. You cannot transfer a Westpac debt to a Westpac card, for example.
Information is general in nature and may change without notice. Balance transfer offers may be varied or withdrawn at any time. Check eligibility, fees, and current offers on each provider's website before applying. This is not financial advice. Verified 30/09/2026.