Balance Transfer Credit Card Comparison

August 10th, 2010

Making a fully informed decision is vital when you are considering a balance transfer which is why it is critical that you do a balance transfer credit card comparison.

You will find that these credit card offers can differ from many points of view, including the fees they charge, their standard purchase and cash advance rates and more.

0% p.a. for 6 months with 2% handling fee

The Balance Transfer Credit Card Comparison is Critical to Making a Wise Choice

A balance transfer can be a highly effective method to get your outstanding credit card debt under control, especially if you are paying a relatively high interest rate on your other cards. This is because balance transfer offers come with quite a low interest rate compared to the regular purchase rate you would be paying on existing debt but you need to keep in mind that this promotional offer is only valid for a limited time. However, it can still save you a significant amount of money.

Australian Balance Transfer Credit Card Comparison

The Australian banking sector is becoming more and more consumer oriented and this is quite clear when one analyzes the multitude of balance transfer credit card offers available. The following balance transfer credit card comparison will introduce you to some of the best offers available on the market.

The ANZ Low Rate Mastercard offers an excellent introductory rate of per year for short term balance transfers, which is available to both existing and new ANZ customers. This rate is valid for months and the card also offers a low 0% p.a. for 3 months (reverts to 13.24% p.a.) purchase rate with 55 days interest. However, it does come with a $58 annual fee but this does not detract from the fact that this ANZ card is one of the best offers on the market.

Also from ANZ, the Balance Visa Credit Card comes with a great rewards program but you can only access it once you pay off your balance transfer. Again, as its counterpart, it offers a balance transfer rate and 14.49% p.a. on purchases. Customers are charged a $79 annual fee but the excellent rewards program easily offsets this cost.

Coming in third in our balance transfer credit card comparison is the Citibank Platinum Visa Card. This card comes with a balance transfer rate of per year which is available for months and a purchase rate of 11.99% p.a.. The annual fee is quite low at $99 per annum, making it quite a cheap card considering its Platinum status.

Last but not lease it the St.George Vertigo which offers a interest rate for balance transfers. This introductory offer is only available for six months, though, but the purchase rate still is a reasonable 13.24% p.a..

When conducting a balance transfer credit card comparison you need to study more than just the interest rate being offered. You need to look at the fees involved in conducting the transfer to find the card that will offer you the most savings. Additionally you need to research any additional fees and costs involved as well as which card provides the longest period for the introductory offer.

Editors Choice: Featured Credit Card Deals

	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
Westpac 55 Day Credit Card	0% for 5 months (reverts to 19.59% )	3.99% for 6 months	$0	21.49%
Citibank Clear Platinum Card	11.99%	2.9% for 12 months	$99	21.74%