RateCity.com.au
  1. Home
  2. Credit Cards
  3. Articles
  4. Low interest credit card balance transfers

Low interest credit card balance transfers

RateCity avatar
RateCity
- 2 min read
Low interest credit card balance transfers

Credit card debt can be the nastiest debt to budge. Because of the convenience of purchasing with a credit card you can find the debt accumulating so quick, you barely even realise you’ve fallen behind on payments. If you have credit card debt on more than one card and are struggling to pay it off, you should compare low interest balance transfer cards.

Many credit card providers offer low interest balance transfer deals which are a reduced interest rate card for an introductory period when you transfer your debts from other cards onto the new account. The idea is to pay down as much of your debt as possible, if not all, during the introductory period because the credit card reverts to a higher rate later.

Attention! Balance transfers aren’t for the frivolous spender

Low interest balance transfers can be great for getting ahead of your credit card debt, but you have to be committed to paying off your debt to see the benefits. So ask yourself some important questions before you jump ship:

  • How much debt have your accumulated?
  • How much can you pay off each week?
  • Can you have it all paid off in the introductory period and tighten your belt on spending during this time? 
  • How regularly will you use the card once you have paid off your existing debt?

Get started now by comparing low interest balance transfer credit cards at RateCity to find a deal that suits your repayment needs.

Disclaimer

This article is over two years old, last updated on February 24, 2010. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent credit cards articles.

Compare credit cards

20.99%

21.99%

55

$375

More detailsclick for more details

Australian Credit Licence 234527

Fees & charges apply

Product info
  • Bonus Points
  • Apple, Google & Samsung Pay
  • Balance transfer

Product database updated 28 Mar, 2024

Promoted credit cards

Kogan Australia Pty Ltd (Kogan Money) credit cardKogan Australia Pty Ltd (Kogan Money)

Kogan Money Black Card

  • Apple & Google Pay

  • Balance transfer

  • No annual fee

Special
Earn $300 Kogan.com credit

Purchase rate p.a.

0.00%

for up to 9 months, then 20.99%

Annual fee

$0

More detailsclick for more details

Australian Credit Licence 286655

Product info
ANZ Banking Group Limited credit cardANZ Banking Group Limited

ANZ Low Rate (Credit Back Offer)

  • Apple, Google & Samsung Pay

  • Balance transfer

  • Low annual fee

Special
Get $250 back to your new card when you spend $1,500 on eligible purchases in the first 3 months from approval.

Purchase rate p.a.

13.74%

Annual fee

$58

More detailsclick for more details

Australian Credit Licence 234527

Product info
Latitude Financial Services Aus Holding Pty Ltd credit cardLatitude Financial Services Aus Holding Pty Ltd

Latitude Financial Services Latitude 28º Global Platinum Mastercard

  • Apple, Google & Samsung Pay

  • No annual fee

Special
Save with 0% international transaction fees on purchases. Plus, complimentary Flight Delay Pass and global data roaming.

Purchase rate p.a.

27.49%

Annual fee

$0

More detailsclick for more details

Australian Credit Licence 392145

Product info
ANZ Banking Group Limited credit cardANZ Banking Group Limited

ANZ Rewards Black

  • Apple, Google & Samsung Pay

  • Balance transfer

Bonus Points
180,000 extra ANZ Reward Points and $150 back to your new ANZ Rewards Black credit card when you spend $3,000 on eligible purchases in the first 3 months from approval.*

Purchase rate p.a.

20.99%

Annual fee

$375

More detailsclick for more details

Australian Credit Licence 234527

Product info
product data updated on

Product data updated on 28 Mar 2024