Balance Transfer Credit Cards Australia (2026)
Compare 0% balance transfer offers — period length, BT fees, purchase rates, and annual fees. Last updated: 18/05/2026
Rates can change without notice. Last verified: 18/05/2026 (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.
| Card | BT offer | BT fee | Purchase rate | Annual fee | 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. | $59/yr | See review |
Kogan Money Credit Card | 0% for 18m | 2% | 22.74% p.a. | $0 | See review |
Heritage Bank Gold Low Rate Credit Card | 0% for 12m | 0% | 11.8% p.a. | $0 | 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 — the longest on this page. Bankwest offers 24 months with the lowest ongoing purchase rate (12.99%).
- BT fee: A 3% fee on $10,000 costs $300 upfront. Heritage Bank charges 0% — the only card here with no BT fee.
- Revert rate: What you pay on any remaining balance after the 0% period. All cards here revert to the purchase rate. Pay it off before the period ends.
- Annual fee: Kogan Money and Heritage Bank charge $0. The others charge $49–$59/year — factor this 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 12–26 months. A low rate card gives you a consistently lower purchase rate ongoing — better if you need long-term flexibility or carry a balance regularly. Some cards, like the Bankwest Breeze Classic, offer both: a 0% BT period and a low ongoing rate (12.99%) 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 card has no BT fee?
Heritage Bank Gold Low Rate — 0% for 12 months with no balance transfer fee and no annual fee.
What happens if I don't pay off the balance before the 0% period ends?
The remaining balance reverts to the card's standard purchase rate. For these cards that's 11.8%–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 18/05/2026.