A balance transfer moves debt from an existing card onto a new one at a promotional rate, usually 0% for a fixed number of months, often in exchange for a one-off transfer fee. What decides the real cost is the rate the balance reverts to when that window closes, and ongoing purchase rates here start at 11.50%This is our lowest starting rate for these products. Other factors may change rates once you filter your results. See sorting and ranking for more info. p.a. with Australian Mutual Bank's Credit Card. Purchases made while a transferred balance sits on the card often attract interest from day one.
Rates checked against every provider’s own published dataWe show all of the product information we are able to access. For banking products that is each provider’s public Consumer Data Right (CDR) Product Reference Data endpoints, published under the Consumer Data Standards (CDS) maintained by the Data Standards Body. Where a provider does not publish a field, or a row is an editorial selection, we say so. on 19 Oct 2026
Intro 7.90% for 6 months on purchases and balance transfers, then 11.50%
Use your credit card for shopping, travelling overseas or even to consolidate other credit or store… card debt.
UniBank
Purchase rate11.50%
Interest-free daysUp to 55 days
Intro 7.90% for 6 months on purchases and balance transfers, then 11.50%
Use your credit card for shopping, travelling overseas or even to consolidate other credit or store… card debt.
Australian Military Bank
Purchase rate11.99%
Interest-free daysUp to 55 days
With a low annual fee and a low ongoing interest rate for purchases, the Low Rate Visa Credit Card… is the only credit card you'll ever need. Plus, with our competitive 12-month balance transfer rate…
Beyond Bank Australia
Purchase rate12.49%
Interest-free daysUp to 62 days
Intro 0% for 12 months on balance transfers
Enjoy the benefits of our Low Rate Credit Card and receive up to 62 days interest free days on… purchases or take advantage of our balance transfer offer.
Qudos Bank
Purchase rate12.34%
Interest-free days—
Intro 4.99% for 5 months on purchases and balance transfers, then 12.34%
If you're after a low rate with no annual fee, the Lifestyle Credit Card may be the everyday credit… card for you.
People First and Heritage Bank
Purchase rate12.95%
Interest-free daysUp to 2 days
Intro 2.99% for 6 months on purchases and balance transfers, then 12.95%
The People's Choice Credit Union Visa Credit card offers you the flexibility of more interest free… days than most other cards. You can use it for anything from day to day purchases to paying bills or…
Bank Australia
Purchase rate12.99%
Interest-free days—
A lower interest rate to reduce your borrowing costs. Great for those who have a carryover balance each month.
Bankwest
Purchase rate12.99%
Interest-free daysUp to 55 days
Intro 0% for 24 months on balance transfers
A credit card with our lowest ongoing rate.
Virgin Money
Purchase rate12.99%
Interest-free daysUp to 55 days
Intro 0% for 24 months on balance transfersFeatures: ✓Rewards
At 12.99% p.a. lower your interest, not your standards.
ANZ
Purchase rate13.74%
Interest-free daysUp to 55 days
A credit card with a low ongoing interest rate for your everyday purchases
Westpac
Purchase rate13.74%
Interest-free daysUp to 55 days
Intro 0% for 20 months on balance transfersFeatures: ✓Rewards
Our Low Rate Card provides a lower interest rate on purchases, plus a lower monthly card fee to… help reduce your credit card costs.
Bank of Melbourne
Purchase rate13.99%
Interest-free daysUp to 55 days
Intro 0% for 20 months on balance transfersFeatures: ✓Rewards
An everyday card with a low rate on purchases, and a low monthly card fee.
Bank of Queensland
Purchase rate13.99%
Interest-free daysUp to 55 days
Intro 0% for 24 months on balance transfers
If paying down your balance each month is keeping you up, our Low Rate Visa Credit Card can help… you keep costs down.
BankSA
Purchase rate13.99%
Interest-free daysUp to 55 days
Intro 0% for 20 months on balance transfersFeatures: ✓Rewards
An everyday card with a low rate on purchases, and a low monthly card fee.
NAB
Purchase rate13.99%
Interest-free daysUp to 55 days
Intro 0% for 24 months on balance transfers
A simple low interest rate credit card with your choice of offers: get a promotional balance… transfer or select our cash back offer
St.George Bank
Purchase rate13.99%
Interest-free daysUp to 55 days
Intro 0% for 20 months on balance transfersFeatures: ✓Rewards
An everyday card with a low rate on purchases, and a low monthly card fee.
St.George Bank
Purchase rate13.99%
Interest-free daysUp to 55 days
Intro 0% for 20 months on balance transfersFeatures: ✓Rewards
An everyday card with a low rate on purchases, and a low monthly card fee.
Bankwest
Purchase rate14.99%
Interest-free daysUp to 44 days
Intro 0% for 6 months on balance transfersFeatures: ✓Rewards
A credit card for earning points to redeem for digital vouchers or cashback.
Qudos Bank
Purchase rate15.85%
Interest-free daysUp to 46 days
Intro 4.99% for 5 months on purchases and balance transfers, then 15.85%
If you're looking for more freedom in your credit card, our low rate and no annual fee Visa… Lifestyle Plus credit card may be for you.
Rates and fees are sourced from each provider’s CDR Product Reference Data where the provider publishes it.
Important information
About this table: we publish this table so you can research credit products, by bringing together in one place the banking data lenders publish under the Consumer Data Right. Using that data, we have tried to show products that match this table’s title. This table does not compare all products, and there may be products with a lower rate in the market that are not shown here. Do your own research to find a product that suits your needs and financial goals. See how we choose products for tables like this.
Products are selected for relevance to the table and to the filters applied. They are not suggestions or recommendations, and the order they appear in is not a ranking of suitability.
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Rates, fees and charges are subject to change without notice. Before acting on any information shown here, you should confirm the rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best”, these relate solely to the rates of interest offered by the provider and not to any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.
This table does not compare every feature that may be relevant to you. Changing the filters will surface further relevant products. See how we sort and rank products and how we make money.
This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the provider’s Key Facts Sheet, Target Market Determination and credit contract terms before deciding. CompareThat compares products. We do not arrange, approve or process applications.
What to compare on
Long 0% period
More months at 0% to clear a larger balance.
No transfer fee
Avoids the upfront percentage charge on the amount moved.
Low revert rate
Softer landing if a balance remains after the intro period.
What is a balance transfer?
A balance transfer moves existing credit card debt onto a new card offering a low or 0% introductory rate for a set period. It’s a tool to pay down debt faster by pausing interest. Used well, more of each repayment goes to the principal rather than to the lender.
How introductory rates and revert rates work
The headline is the introductory rate (often 0%) and its length (commonly 6 to 24 months, with a few offers running longer). What matters just as much is the revert rate, the rate any remaining balance jumps to when the intro period ends, which is often high. Any balance cleared before the offer expires avoids it.
The balance transfer fee and timing
Many offers charge a one-off balance transfer fee (a percentage of the amount moved), which can offset the interest saved. New purchases on a balance-transfer card often don’t get the intro rate and can attract interest immediately, so spending on the card slows the transfer and adds interest.
How balance transfer offers compare
The intro rate and length, the transfer fee, the revert rate and whether purchases are covered are the figures that separate them. Cards can be compared side by side, alongside low rate cards and the credit cards hub.
Expert view
“The 0% window is a deadline, and it is the part of the offer that really matters. It only works when the balance can realistically be cleared within it, after the transfer fee, and with nothing new spent on the card. The revert rate waiting at the end is where these deals catch people out.”
JP
Jordan Pearce
Senior finance writer, CompareThat
Glossary
The key terms you’ll meet when comparing these products, reading product disclosures or talking to a provider.
Term
What it means
Annual fee
The yearly fee for holding the card, sometimes waived in the first year or reduced for higher spend.
Balance transfer
Moving debt from one card to another, often at a low or 0% introductory rate for a set period.
Earn rate
How many reward points you earn per dollar spent, which can vary by spend category.
Foreign transaction fee
A fee, often around 3%, on purchases made overseas or in a foreign currency.
Interest-free days
A period (often up to 44 or 55 days) where purchases attract no interest, provided you pay the closing balance in full.
Introductory rate
A low or 0% rate that applies to a transferred balance for a set period before reverting to a higher rate.
Minimum repayment
The smallest amount you must pay each statement period to keep the account in order; paying only this means interest accrues.
Purchase rate
The interest rate charged on purchases that aren’t paid off by the due date.
Revert rate
The rate any remaining transferred balance jumps to once the introductory period ends, often the cash-advance or purchase rate.
Rewards points
Points earned on spending that can be redeemed for flights, gift cards, cashback or merchandise.
Transfer fee
A one-off fee, usually a percentage of the balance moved, charged when you make a balance transfer.
Common questions
How does a balance transfer save money?+
By moving debt to a low or 0% introductory rate, more of each repayment reduces the principal instead of paying interest, provided you clear it before the intro period ends.
Is there a fee to transfer a balance?+
Many offers charge a one-off balance transfer fee, typically a percentage of the amount moved. It comes off the interest saved.
What happens when the intro period ends?+
Any remaining balance reverts to the card’s revert rate, which is often high. Only a balance cleared before then avoids it.
Can I make purchases on a balance transfer card?+
You can, but new purchases usually don’t get the introductory rate and may attract interest immediately. Spending on the card while paying down the transfer adds interest and slows the transfer.
Does a balance transfer affect my credit?+
Applying opens a new account and records an enquiry, which can have a small short-term effect. Used responsibly to clear debt, it can help over time.
The Numbers Behind This Market
What this market is paying or charging on average right now, and the official figures behind it.
We are not a lender, broker or bank. Product data comes straight from each provider’s own Consumer Data Right feed (Australia’s official open banking system) and is refreshed daily, so what you see reflects published rates and fees, not a sales pitch.
✓Not a credit provider: we do not lend, arrange loans or take applications.
✓Sourced from each provider’s CDR Product Reference Data, refreshed daily.
✓Payment can change where a product appears, never which products we show.
✓General information, not credit advice. CompareThat compares; it does not recommend.
Rates and fees are sourced from each provider’s CDR Product Reference Data as of the date shown. They are general information only. Not credit advice. CompareThat is not a credit provider. Payment can change where a product appears, never which products we show.
