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The Best Balance Transfer Credit Cards for Australians

4 minute read

By Katie Ormsby

Dealing with credit card debt can be a challenge. One strategy to help manage and pay down this debt is using a balance transfer credit card. Start a search today to find the best balance transfer credit cards.

This type of card allows you to transfer existing high-interest credit card balances to a new card with a lower rate. Some balance transfer cards even have a 0% introductory rate! Exploring the options can pay off.

What Is a Balance Transfer Credit Card?

A balance transfer credit card is a financial product designed specifically for individuals looking to consolidate and pay off their existing credit card debt. These cards offer low or 0% interest rates for a set period, allowing cardholders to save on interest payments and focus on repaying the principal amount.


Once the promotional period ends, the card’s interest rate usually reverts to a standard rate. So, it’s essential to plan and pay off the transferred balance within the low-interest period to get the most out of the card. When used correctly, balance transfer cards can be an effective way to pay off credit card balances.1

Why Balance Transfer Credit Cards Can Be Useful

Balance transfer credit cards offer various benefits that can help you manage and reduce your debt more efficiently. Let’s take a closer look at some of these advantages.

Top Balance Transfer Credit Cards in Australia

When searching for the best balance transfer credit card to suit your needs, consider factors like promotional interest rates, balance transfer fees, and ongoing purchase interest rates. Here are some of the top balance transfer cards to include in your search.

Things to Consider When Choosing a Card

Here are some important factors to consider when comparing different balance transfer credit cards.

The Bottom Line

Balance transfer credit cards can be a helpful tool for Australians looking to tackle credit card debt by consolidating their balances and taking advantage of lower interest rates. By considering factors like promotional interest rates and balance transfer fees, you can choose the best card to suit your needs.

Remember to take some time to develop a realistic repayment plan to pay off your transferred balance within the promotional period and avoid accumulating more debt. Additionally, maintaining discipline in your spending habits and making timely payments can help you avoid getting into future credit card debt.

Katie Ormsby



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