Balance transfer calculator

Find a credit card that best suits your needs. Compare interest rates, balance transfer rates, annual fees and more from Australia's leading lenders big and small.

Calculate how much you could save by transferring your balance to a 0% card balance deal

Credit Card Balance

Monthly Repayment

Current Interest Rate

%
Product Name Card
Balance Transfer Rate
Annual Fee
Potential Savings
Fees & Interest
Go To Site
Visa
Citi Simplicity
Balance Transfer0% p.a. for 15 months on balance transfers and up to $50 cashback when you apply by 30 June 2018

ConciergeExtended warranty

Balance Transfer Rate
0%for 15 months then 19.99%
Annual Fee
Potential Savings
$1,770
Fees & Interest
$53
AMEX
American Express David Jones Card (Membership Rewards)
Bonus PointsReceive 20,000 Membership Rewards Pointsx

Special eventsPurchase protection

Balance Transfer Rate
Annual Fee
$99
Potential Savings
$1,625
Fees & Interest
$198
Visa
St.George Bank Vertigo Platinum
Balance Transfer0% p.a. on balance transfers for 24 months (1% balance transfer fee applies).

ConciergeExtended warranty

Balance Transfer Rate
0%for 24 months then 12.74%
Annual Fee
$99
Potential Savings
$1,625
Fees & Interest
$198
Visa
St.George Bank Amplify Classic (Amplify Rewards)
Balance Transfer3% p.a. on balance transfers for 36 months

Free supplementary cards

Balance Transfer Rate
3%for 36 months then 19.49%
Annual Fee
$0for 12 months then $79
Potential Savings
$1,551
Fees & Interest
$272
Visa
Suncorp Bank Platinum Card (Suncorp Bank Rewards)
Bonus PointsTriple reward points for the first 6 months, 0% p.a. on balance transfers for 18 months

ConciergeExtended warranty

Balance Transfer Rate
0%for 18 months then 21.99%
Annual Fee
$129
Potential Savings
$1,538
Fees & Interest
$285
Visa
NAB Low Fee Visa Card
Balance Transfer0% p.a. on balance transfers for 16 months

Purchase protectionFree supplementary cards

Balance Transfer Rate
4.99%for 16 months then 21.74%
Annual Fee
$30
Potential Savings
$1,526
Fees & Interest
$297
Visa
NAB Premium Visa Card
Balance Transfer0% p.a. on balance transfers for 20 months

ConciergeExtended warranty

Balance Transfer Rate
4.99%for 20 months then 21.74%
Annual Fee
$90
Potential Savings
$1,439
Fees & Interest
$384
Visa
Citi Platinum (Bonus Rewards Offer)
Bonus PointsReceive 100,000 Bonus Citi Reward Points and 0% p.a. on balance transfers for 15 months when you apply by 30 June 2018

ConciergeSpecial events

Balance Transfer Rate
0%for 15 months then 21.74%
Annual Fee
$49for 12 months then $149
Potential Savings
$1,430
Fees & Interest
$393
Visa
Heritage Bank Gold Low Rate

Free supplementary cards

Balance Transfer Rate
Annual Fee
Potential Savings
$1,347
Fees & Interest
$476
MasterCard
ME Bank Frank Credit Card

Free supplementary cards

Balance Transfer Rate
Annual Fee
Potential Savings
$1,339
Fees & Interest
$485
Visa
NAB Rewards Classic Card
Bonus PointsReceive 30,000 NAB Rewards Points

Extended warrantyFree domestic travel insurance

Balance Transfer Rate
0%for 6 months then 21.74%
Annual Fee
$95
Potential Savings
$1,120
Fees & Interest
$703
Visa
NAB Low Rate Card

Free supplementary cards

Balance Transfer Rate
4.99%for 6 months then 21.74%
Annual Fee
$59
Potential Savings
$1,090
Fees & Interest
$734
Visa
NAB Qantas Rewards Card

Purchase protectionFree supplementary cards

Balance Transfer Rate
4.99%for 6 months then 21.74%
Annual Fee
$95
Potential Savings
$900
Fees & Interest
$924
MasterCard
Latitude Financial Services 28 Degrees Platinum Mastercard

ConciergeFree supplementary cards

Balance Transfer Rate
Annual Fee
Potential Savings
$796
Fees & Interest
$1,028
Visa
NAB Rewards Platinum Card
Bonus PointsReceive 60,000 NAB Rewards Points

ConciergeExtended warranty

Balance Transfer Rate
0%for 6 months then 21.74%
Annual Fee
$195
Potential Savings
$659
Fees & Interest
$1,164
Visa
St.George Bank Amplify Platinum (Amplify Rewards)
Bonus PointsReceive 60,000 bonus points when you spend $3,000 on eligible purchases within 90 days of approval

ConciergeExtended warranty

Balance Transfer Rate
Annual Fee
$99
Potential Savings
$578
Fees & Interest
$1,246
Visa
ANZ Rewards
Bonus PointsReceive 25,000 Bonus Rewards Points

Partner discounts

Balance Transfer Rate
Annual Fee
$0for 12 months then $80
Potential Savings
$552
Fees & Interest
$1,271
Visa
ANZ Rewards Platinum
Bonus PointsReceive 65,000 Bonus Rewards Points

ConciergeExtended warranty

Balance Transfer Rate
Annual Fee
$0for 12 months then $95
Potential Savings
$494
Fees & Interest
$1,330
Visa
ANZ Frequent Flyer
Bonus PointsReceive 25,000 Bonus Qantas Points

Partner discounts

Balance Transfer Rate
Annual Fee
$0for 12 months then $95
Potential Savings
$460
Fees & Interest
$1,364
Visa
NAB Low Rate Platinum

ConciergeExtended warrantyFree domestic travel insuranceFree international travel insurance

Balance Transfer Rate
Annual Fee
$100
Potential Savings
$423
Fees & Interest
$1,400
Simplicity
Balance Transfer0% p.a. for 15 months on balance transfers and up to $50 cashback when you apply by 30 June 2018
Balance Transfer Rate
0%for 15 months then 19.99%
Annual Fee
Potential Savings
$1,770
Fees & Interest
$53
David Jones Card (Membership Rewards)
Bonus PointsReceive 20,000 Membership Rewards Pointsx
Balance Transfer Rate
Annual Fee
$99
Potential Savings
$1,625
Fees & Interest
$198
Vertigo Platinum
Balance Transfer0% p.a. on balance transfers for 24 months (1% balance transfer fee applies).
Balance Transfer Rate
0%for 24 months then 12.74%
Annual Fee
$99
Potential Savings
$1,625
Fees & Interest
$198
Amplify Classic (Amplify Rewards)
Balance Transfer3% p.a. on balance transfers for 36 months
Balance Transfer Rate
3%for 36 months then 19.49%
Annual Fee
$0for 12 months then $79
Potential Savings
$1,551
Fees & Interest
$272
Platinum Card (Suncorp Bank Rewards)
Bonus PointsTriple reward points for the first 6 months, 0% p.a. on balance transfers for 18 months
Balance Transfer Rate
0%for 18 months then 21.99%
Annual Fee
$129
Potential Savings
$1,538
Fees & Interest
$285
Low Fee Visa Card
Balance Transfer0% p.a. on balance transfers for 16 months
Balance Transfer Rate
4.99%for 16 months then 21.74%
Annual Fee
$30
Potential Savings
$1,526
Fees & Interest
$297
Premium Visa Card
Balance Transfer0% p.a. on balance transfers for 20 months
Balance Transfer Rate
4.99%for 20 months then 21.74%
Annual Fee
$90
Potential Savings
$1,439
Fees & Interest
$384
Platinum (Bonus Rewards Offer)
Bonus PointsReceive 100,000 Bonus Citi Reward Points and 0% p.a. on balance transfers for 15 months when you apply by 30 June 2018
Balance Transfer Rate
0%for 15 months then 21.74%
Annual Fee
$49for 12 months then $149
Potential Savings
$1,430
Fees & Interest
$393
Gold Low Rate
Balance Transfer Rate
Annual Fee
Potential Savings
$1,347
Fees & Interest
$476
Frank Credit Card
Balance Transfer Rate
Annual Fee
Potential Savings
$1,339
Fees & Interest
$485
Rewards Classic Card
Bonus PointsReceive 30,000 NAB Rewards Points
Balance Transfer Rate
0%for 6 months then 21.74%
Annual Fee
$95
Potential Savings
$1,120
Fees & Interest
$703
Low Rate Card
Balance Transfer Rate
4.99%for 6 months then 21.74%
Annual Fee
$59
Potential Savings
$1,090
Fees & Interest
$734
Qantas Rewards Card
Balance Transfer Rate
4.99%for 6 months then 21.74%
Annual Fee
$95
Potential Savings
$900
Fees & Interest
$924
28 Degrees Platinum Mastercard
Balance Transfer Rate
Annual Fee
Potential Savings
$796
Fees & Interest
$1,028
Rewards Platinum Card
Bonus PointsReceive 60,000 NAB Rewards Points
Balance Transfer Rate
0%for 6 months then 21.74%
Annual Fee
$195
Potential Savings
$659
Fees & Interest
$1,164
Amplify Platinum (Amplify Rewards)
Bonus PointsReceive 60,000 bonus points when you spend $3,000 on eligible purchases within 90 days of approval
Balance Transfer Rate
Annual Fee
$99
Potential Savings
$578
Fees & Interest
$1,246
Rewards
Bonus PointsReceive 25,000 Bonus Rewards Points
Balance Transfer Rate
Annual Fee
$0for 12 months then $80
Potential Savings
$552
Fees & Interest
$1,271
Rewards Platinum
Bonus PointsReceive 65,000 Bonus Rewards Points
Balance Transfer Rate
Annual Fee
$0for 12 months then $95
Potential Savings
$494
Fees & Interest
$1,330
Frequent Flyer
Bonus PointsReceive 25,000 Bonus Qantas Points
Balance Transfer Rate
Annual Fee
$0for 12 months then $95
Potential Savings
$460
Fees & Interest
$1,364
Low Rate Platinum
Balance Transfer Rate
Annual Fee
$100
Potential Savings
$423
Fees & Interest
$1,400
Assumptions | Australian Credit License 316710.

A balance transfer is where you transfer part or all of a credit card balance to another card or financial provider. The main reason people choose balance transfers is to take advantage of promotional periods offering lower interest rates.

What are the pros and cons of balance transfers?

Overall, there are many good reasons to consider a balance transfer. However, it’s important to be aware of sneaky fees and revert rates that can hit you after the promotional period.

The pros

  • Balance transfers often let you switch to credit cards with lower interest rates, so you can pay down your balance quicker.
  • If you have multiple credit card balances scattered across different cards, you can consolidate them onto one card, making your debt simpler to manage.
  • You can transfer your balance onto a card with better rates, insurances, rewards or other attractive introductory offers.
  • A balance transfer encourages you to set a clear budget in order to repay your debt within the promotional period.
  • Balance transfer offers encourage credit card providers to remain competitive with their interest rates and offers

The cons

  • Balance transfers can come with fees, such as balance transfer fees and annual fees.
  • After the promotional period ends, the card will often revert to a higher interest rate, which can place pressure on any unpaid balance.
  • Using balance transfers can affect your credit score or credit rating.
  • Any additional purchases made on the balance transfer card will accrue interest, so you’re at risk of accumulating more debt.

What is a credit card balance transfer calculator?

Determining exactly how much you’ll save on a balance transfer can be tricky. Fortunately, credit card balance transfer calculators can help to eliminate the guess work by showing you:

  • How long it will take to pay off your card making minimum repayments
  • How much you'll save by choosing to make higher repayments
  • How much interest you’ll pay after the promotional interest period is over

How do balance transfer calculators work?

Once you find a credit card that you’d like to compare with your existing one, you simply input data into the calculator. Most calculators only require four simple steps:

  1. Enter the details of your current card, including the credit card balance, interest rate and annual fee.
  2. If you have multiple balances you wish to transfer, enter those details as above.
  3. Enter the details of the new card you want to compare. The calculator will automatically show the minimum monthly payment, but you can change this to your preferred monthly repayment.
  4. Calculate the results to see how much money you’ll save over the life of the balance transfer. As the comparison cards will be side by side, you’ll be able to easily determine which provides the best savings.

Who offers balance transfer calculators?

Most major banks, credit card providers and financial comparison sites offer calculators, which are easy to access and free to use.

Compare your product with the big 4 banks, or add more products to compare