12 Month Balance Transfer Deals

Searching for the best 12 month balance transfer deal can be a great way to give yourself more time to enjoy lower rates.

There are plenty of low rate offers available, so finding the best offer to suit you is important.

Compare the Best 12 Month Balance Transfer Credit Cards

	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
St.George Vertigo	13.24%	0.99% for 6 months	$55	21.49%
Bank of Melbourne Vertigo Credit Card	13.24%	0.99% for 6 months	$55	21.49%
Bankwest Breeze MasterCard	0% for 6 months (reverts to 10.99% )	4.99% for 9 months	$49	21.99%
NAB Gold Card	19.49%	1% for 12 months	$90	21.74%
Virgin Flyer Credit Card	20.99%	1.9% for 12 months	$50 (for first year thereafter $99)	20.99%
Citibank Rewards Credit Card - Signature Card	20.99%	1.9% for 15 months	$395	21.74%
Bankwest Zero MasterCard	0% for 6 months (reverts to 17.99% )	4.99% for 9 months	$0	18.99%
Citibank Rewards Credit Card - Platinum Card	20.99%	0.9% for 15 months	$199	21.74%
Virgin Low Rate Credit Card	12.99%	2.9% for 9 months	$59	21.69%

Finding the Best 12 Month Balance Transfer Deal

The best 12 month balance transfer deal should be the one that offers you a great low rate, but still reverts to a very competitive standard purchase rate once the introductory offer expires.

The object of looking for a longer term offer, such as the best 12 month balance transfer deal instead of just a really low 6 month offer, is to extend the amount of time you can benefit from low rates. This means you have longer to repay your card balance before your low rate reverts to the higher purchase rate.

If possible, try to find a credit card offer that also charges a low annual fee to help keep your costs as low as possible.

A good credit card comparison site can help you compare the various offers available and show you at a glance the rates and fees you can expect to pay. Look for one that will represent a good savings on what you're currently paying on your old accounts. It's much easier to uncover the best 12 month balance transfer offer this way.

Getting the Most Out of the Best 12 Month Balance Transfer Deals

If you're spending time searching for the best 12 month balance transfer deals, then obviously you're keen to reduce your credit card debt. Opting to transfer your balances to a low rate credit card can be a great way to take control of your debt.

However, it's very important that you don't give into temptation and use the card to pay for new purchases. If you must use a credit card to pay for items, use a different card, or you could find that you're no better off in the long run.

This is primarily because the low rate you shopped around to find applies only to the balance amount you transferred to the card. The amount of money you spend on purchases will attract a much higher interest rate, usually the standard purchase rate that applies to your account.

Keep in mind that cash advances will be charged at even higher rates again, so avoid withdrawing cash from your card.

In order to really get the most out of these types of cards, you should stay focused on your goals and try to put some of your interest savings back towards repaying that credit card debt.

Editors Choice: Featured Credit Card Deals

	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
Citibank Clear Platinum Card	11.99%	0% for 12 months with 3% handling fee	$99	21.74%
HSBC Credit Card	17.99%	0% for 8 months with 2% handling fee	$0	21.99%
ANZ Platinum Credit Card	0% for 6 months (reverts to 19.39% )	0% for 6 months	$0 annual fee for the first year ($87 thereafter)	20.99%
Bankwest Breeze MasterCard	0% for 6 months (reverts to 10.99% )	4.99% for 9 months	$49	21.99%