RateCity.com.au
Advertisement

Credit Card Balance Transfer Calculator

Calculate how much you could save with your credit card transfer and compare balance transfer offers

- TRANSFER -

YOUR BALANCE TO A

0% CARD

& SAVE $1200

on a $4200 balance*

Calculate how much you could save by transferring your balance to a 0% card balance deal

Credit Card Balance

Monthly Repayment

Assumptions | Australian Credit License 316710.
Show: 2050250

Company
Product
Balance Transfer Deal
Annual Fee
Fees & Interest
Time to Repay Balance
Purchase Rate
Go To Site
BankSA
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$79
Fees & Interest$176
Time to Repay Balance1 year and 9 months
0.0% for 6 month then 19.49%
ANZ
Balance Transfer Deal0% for 16 months,then 21.49% (2% handling fee)
Annual Fee$30
Fees & Interest$191
Time to Repay Balance1 year and 9 months
19.74%
St.George Bank
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$99
Fees & Interest$218
Time to Repay Balance1 year and 10 months
0.0% for 6 month then 19.49%
BankSA
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$99
Fees & Interest$218
Time to Repay Balance1 year and 10 months
0.0% for 6 month then 19.49%
Bank of Melbourne
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$99
Fees & Interest$218
Time to Repay Balance1 year and 10 months
0.0% for 6 month then 19.49%
ANZ
Balance Transfer Deal0% for 16 months,then 21.49% (2% handling fee)
Annual Fee$87waived in first year
Fees & Interest$221
Time to Repay Balance1 year and 10 months
19.74%
NAB
Balance Transfer Deal0% for 15 months,then 21.74% (3% handling fee)
Annual Fee$30
Fees & Interest$260
Time to Repay Balance1 year and 10 months
0.0% for 15 month then 19.74%
Virgin Money
Balance Transfer Deal0% for 18 months,then 20.99%
Annual Fee$129
Fees & Interest$284
Time to Repay Balance1 year and 10 months
0.0% for 12 month then 20.74%
NAB
Balance Transfer Deal0% for 15 months,then 21.74% (3% handling fee)
Annual Fee$59
Fees & Interest$325
Time to Repay Balance1 year and 10 months
0.0% for 15 month then 13.99%
Citibank
Balance Transfer Deal0% for 24 months,then 21.74% (1.5% handling fee)
Annual Fee$149
Fees & Interest$358
Time to Repay Balance1 year and 10 months
20.99%
NAB
Balance Transfer Deal0% for 15 months,then 21.74% (3% handling fee)
Annual Fee$95
Fees & Interest$407
Time to Repay Balance1 year and 11 months
0.0% for 15 month then 19.99%
St.George Bank
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$279
Fees & Interest$605
Time to Repay Balance2 years
0.0% for 6 month then 19.49%
American Express
Balance Transfer Deal0% for 12 months,then 20.74% (1% handling fee)
Annual Fee$349
Fees & Interest$1,385
Time to Repay Balance2 years and 3 months
20.74%
American Express
Balance Transfer Deal0% for 12 months,then 20.74% (1% handling fee)
Annual Fee$395
Fees & Interest$1,553
Time to Repay Balance2 years and 4 months
20.74%
Amplify Classic
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$79
Fees & Interest$176
Time to Repay Balance1 year and 9 months
First
Balance Transfer Deal0% for 16 months,then 21.49% (2% handling fee)
Annual Fee$30
Fees & Interest$191
Time to Repay Balance1 year and 9 months
Amplify Platinum
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$99
Fees & Interest$218
Time to Repay Balance1 year and 10 months
Amplify Platinum
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$99
Fees & Interest$218
Time to Repay Balance1 year and 10 months
Amplify Platinum
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$99
Fees & Interest$218
Time to Repay Balance1 year and 10 months
Platinum
Balance Transfer Deal0% for 16 months,then 21.49% (2% handling fee)
Annual Fee$87waived in first year
Fees & Interest$221
Time to Repay Balance1 year and 10 months
Low Fee Visa Card
Balance Transfer Deal0% for 15 months,then 21.74% (3% handling fee)
Annual Fee$30
Fees & Interest$260
Time to Repay Balance1 year and 10 months
Virgin Aust Velocity Flyer Card
Balance Transfer Deal0% for 18 months,then 20.99%
Annual Fee$129
Fees & Interest$284
Time to Repay Balance1 year and 10 months
Low Rate Card
Balance Transfer Deal0% for 15 months,then 21.74% (3% handling fee)
Annual Fee$59
Fees & Interest$325
Time to Repay Balance1 year and 10 months
Platinum
Balance Transfer Deal0% for 24 months,then 21.74% (1.5% handling fee)
Annual Fee$149
Fees & Interest$358
Time to Repay Balance1 year and 10 months
Qantas Rewards Card
Balance Transfer Deal0% for 15 months,then 21.74% (3% handling fee)
Annual Fee$95
Fees & Interest$407
Time to Repay Balance1 year and 11 months
Amplify Signature
Balance Transfer Deal0% for 18 months,then 19.49%
Annual Fee$279
Fees & Interest$605
Time to Repay Balance2 years
Velocity Platinum Card
Balance Transfer Deal0% for 12 months,then 20.74% (1% handling fee)
Annual Fee$349
Fees & Interest$1,385
Time to Repay Balance2 years and 3 months
Explorer Credit Card
Balance Transfer Deal0% for 12 months,then 20.74% (1% handling fee)
Annual Fee$395
Fees & Interest$1,553
Time to Repay Balance2 years and 4 months
Collectively Aussies have built up $30 billion in credit card debt, on which they pay interest every day. The savviest card holders are shedding their credit card debt in droves. We think collectively we could all save $9.5 Billion in interest and fees by switching to a better deal and paying down that debt.

*How we did our calculations

We compared how much a card holder with the average debt, on an average card (as at October 2016) could save by taking one of the best balance transfer deals and paying off $200 each month. Calculations were done on 23 December 2016, based on cards available on that day. Calculator is based on current deals in market which will change over time.

The average debt figure of $4225 is based on the total outstanding balance accruing interest (source: RBA Credit and Charge Card Statistics for October 2016), divided by the number of card holders (Source: Roy Morgan Research, 12 month average June 2016).

We have made the following assumptions: the $200 is repaid on time, every month, no new purchases are made, interest rates don't change on your existing card, and the cardholder meets the lending criteria and is approved for the deal.

Compare your product with the big 4 banks, or add more products to compare
Advertisement