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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
Purchase Rate
Annual Fee
Potential Savings
Fees & Interest
Go To Site
AMEX
American Express David Jones Card (Membership Rewards)

Special eventsPurchase protection

Purchase Rate
20.74%
Annual Fee
$99
Potential Savings
$1,625
Fees & Interest
$198
Visa
St.George Bank Amplify Classic (Amplify Rewards)

Free supplementary cards

Purchase Rate
19.49%
Annual Fee
$79
Potential Savings
$1,551
Fees & Interest
$272
Visa
NAB Low Fee Visa Card

Purchase protectionFree supplementary cards

Purchase Rate
19.74%
Annual Fee
$30
Potential Savings
$1,526
Fees & Interest
$297
Visa
NAB Premium Visa Card

ConciergeExtended warrantyFree domestic travel insuranceFree international travel insurance

Purchase Rate
19.74%
Annual Fee
$90
Potential Savings
$1,439
Fees & Interest
$384
MasterCard
ME Bank Frank Credit Card

Free supplementary cards

Purchase Rate
11.99%
Annual Fee
$0
Potential Savings
$1,339
Fees & Interest
$485
Visa
NAB Low Rate Card

Free supplementary cards

Purchase Rate
0%for 6 months then 13.99%
Annual Fee
$59
Potential Savings
$1,090
Fees & Interest
$734
Visa
NAB Velocity Rewards Card

Purchase protectionFree supplementary cards

Purchase Rate
19.99%
Annual Fee
$95
Potential Savings
$900
Fees & Interest
$924
Visa
NAB Qantas Rewards Card

Purchase protectionFree supplementary cards

Purchase Rate
19.99%
Annual Fee
$95
Potential Savings
$900
Fees & Interest
$924
MasterCard
Latitude Financial Services 28 Degrees Platinum Mastercard

ConciergeFree supplementary cards

Purchase Rate
21.99%
Annual Fee
$0
Potential Savings
$796
Fees & Interest
$1,028
Visa
NAB Velocity Rewards Premium Card

ConciergeExtended warrantyFree domestic travel insuranceFree international travel insurance

Purchase Rate
19.99%
Annual Fee
$150
Potential Savings
$695
Fees & Interest
$1,128
Visa
St.George Bank Amplify Platinum (Amplify Rewards)

ConciergeExtended warrantyFree domestic travel insuranceFree international travel insurance

Purchase Rate
19.49%
Annual Fee
$99
Potential Savings
$578
Fees & Interest
$1,246
Visa
Australian and New Zealand Banking Group Rewards

Partner discounts

Purchase Rate
18.79%
Annual Fee
$80
Potential Savings
$552
Fees & Interest
$1,271
Visa
Australian and New Zealand Banking Group Rewards Platinum

ConciergeExtended warrantyFree domestic travel insuranceFree international travel insurance

Purchase Rate
18.79%
Annual Fee
$95
Potential Savings
$494
Fees & Interest
$1,330
Visa
Australian and New Zealand Banking Group Frequent Flyer

Partner discounts

Purchase Rate
19.99%
Annual Fee
$95
Potential Savings
$460
Fees & Interest
$1,364
Visa
NAB Low Rate Platinum

ConciergeExtended warrantyFree domestic travel insuranceFree international travel insurance

Purchase Rate
0%for 9 months then 13.99%
Annual Fee
$100
Potential Savings
$423
Fees & Interest
$1,400
American Express David Jones Card (Membership Rewards)
David Jones Card (Membership Rewards)
Purchase Rate
20.74%
Annual Fee
$99
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St.George Bank Amplify Classic (Amplify Rewards)
Amplify Classic (Amplify Rewards)
Balance Transfer 3% p.a. on balance transfers for 36 months
Purchase Rate
19.49%
Annual Fee
$79
Expand for more details
NAB Low Fee Visa Card
Low Fee Visa Card
Balance Transfer 0% p.a. on balance transfers for 16 months
Purchase Rate
19.74%
Annual Fee
$30
Expand for more details
NAB Premium Visa Card
Premium Visa Card
Balance Transfer 0% p.a. on balance transfers for 20 months
Purchase Rate
19.74%
Annual Fee
$90
Expand for more details
ME Bank Frank Credit Card
Frank Credit Card
Purchase Rate
11.99%
Annual Fee
$0
Expand for more details
NAB Low Rate Card
Low Rate Card
Purchase Rate
0%for 6 months then 13.99%
Annual Fee
$59
Expand for more details
NAB Velocity Rewards Card
Velocity Rewards Card
Purchase Rate
19.99%
Annual Fee
$95
Expand for more details
NAB Qantas Rewards Card
Qantas Rewards Card
Purchase Rate
19.99%
Annual Fee
$95
Expand for more details
Latitude Financial Services 28 Degrees Platinum Mastercard
28 Degrees Platinum Mastercard
Purchase Rate
21.99%
Annual Fee
$0
Expand for more details
NAB Velocity Rewards Premium Card
Velocity Rewards Premium Card
Purchase Rate
19.99%
Annual Fee
$150
Expand for more details
St.George Bank Amplify Platinum (Amplify Rewards)
Amplify Platinum (Amplify Rewards)
Bonus Points Receive 60,000 Points
Purchase Rate
19.49%
Annual Fee
$99
Expand for more details
ANZ Rewards
Rewards
Purchase Rate
18.79%
Annual Fee
$80
Expand for more details
ANZ Rewards Platinum
Rewards Platinum
Purchase Rate
18.79%
Annual Fee
$95
Expand for more details
ANZ Frequent Flyer
Frequent Flyer
Purchase Rate
19.99%
Annual Fee
$95
Expand for more details
NAB Low Rate Platinum
Low Rate Platinum
Purchase Rate
0%for 9 months then 13.99%
Annual Fee
$100
Expand for more details
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