Australia’s Best Credit Cards for Balance Transfers

March 15th, 2010

If you’re searching for the best credit cards for balance transfers, there are several account inclusions you should look for in order to make the most of the low rates.

While the introductory rate seems low, think carefully about what happens to your account once the special rate expires and you’ll have a better chance of saving money and cutting interest costs.

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Comparing Australia’s Best Credit Cards for Balance Transfers

The Top 3 best credit cards for balance transfers were chosen for the advantages offered to card holders. Aside from offering low rates on balance transfer amounts, these cards also offer low rates on purchases and low annual fees.

There are plenty of ways for customers to reduce their interest costs and begin to regain control of their financial situations by transferring credit card balances over to low rate cards.

Below is a summary of the best credit cards for balance transfers.

Bankwest Lite MasterCard

The multi-award winning Bankwest Lite MasterCard is easily the best credit card for balance transfers in Australia today. Awarded Money Magazine’s ‘Cheapest Balance Transfer Card’ and ‘Cheapest Credit Card’ for 2010, this credit card offers card holders the benefit of a low on balance transfers.

By rolling your high-interest credit card balances over to Bankwest, you can reduce your interest charges and free up your cash flow, making it easier to tackle debt reduction plans.

Add to this low balance transfer rate a great low rate of on purchases and a low annual fee, and it’s easy to see why this is one of the best credit cards for balance transfers.

ANZ Balance Visa and ANZ Low Rate MasterCard

The ANZ Balance Visa is the only credit card in Australia that rewards customers for paying down their credit balance. When you consider the low on balance transfers, not only are you saving money by paying far less interest on your outstanding balance, but you earn reward points for every dollar you pay off your balance.

However, if you’d prefer to pay a low ongoing interest, then the ANZ Low Rate MasterCard will offer customers on balance transfers, plus a low purchase rate of just p.a.

St.George Vertigo MasterCard

The St.George Vertigo MasterCard offers a low on balance transfers as well as a low rate of on purchases.

Awarded Money Magazine’s ‘Cheapest Balance Transfer Credit Card’ in 2009, this great credit card also has a low annual fee of and may also entitle card holders up to 5 days interest free on purchases, providing they pay down their outstanding balances to zero before the statement date.

Editors Choice: Featured Credit Card Deals

	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)