How to Choose the Right Balance Transfer Card in Australia (2025 Edition)
How to Choose the Right Balance Transfer Card in Australia (2025 Edition) Carrying a balance on your credit card with interest rates over 18%? A balance transfer card could be your smartest move in 2025. Let’s break down how to pick the right one to cut your interest and get ahead of debt faster. What Is a Balance Transfer Card? A balance transfer card lets you move existing credit card debt to a new card with a lower — often 0% — interest rate for a set period. In Australia, these promo periods range from 6 to 28 months. Key Factors to Compare Introductory rate: Look for 0% interest, ideally 18+ months Balance transfer fee: Usually 0–3% of the transferred amount Revert rate: The interest you’ll pay after the promo ends Annual fee: Some cards waive this for the first year Eligibility: You’ll often need a good credit score Top Providers in Australia (2025) Commonwealth Bank – 0% for 15 months, $0 transfer fee Westpac – 0% for 18 months, 1% fee AN...