The appeal of balance transfer credit cards

Compare balance transfer credit cards and low interest rate credit cards at

Credit cards with balance transfer features tend to pop up in abundance at the start of every new year. Balance transfer offers and low interest rate credit cards are heavily promoted at this time as consumers struggle to pay back debts racked up during the festive season.

In order to catch up on repayments, applying for a credit card with a balance transfer facility can be of genuine benefit.


A balance transfer is a feature which comes attached to most credit cards. It works by transferring the outstanding balance from an existing credit card to a new one, at an introductory rate which is generally lower than the average credit card interest rate. The introductory rate offered is usually 0% or has a low interest rate and a grace period of six months to one year.


This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about products from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers and may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a product, you will deal directly with a financial institution, and not with RateCity. Rates and product information should be confirmed with the relevant financial institution, and you should review the PDS before you decide to purchase. See our terms of use for further details. This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.