Finder's best balance transfer offers for July 2023
Updated 15 July 2023 by Finder's senior credit card writer, Amy Bradney-George.
Australians are more in debt than they were 12 months ago, and this includes credit card debt. A Finder survey of 1,079 respondents has found Aussies carry $20,238 in personal debt across credit cards and personal loans, which is up 11% from one year ago.
RBA data shows that Australian credit card balances totalled $40.3 billion in May. If you're among the Australians paying interest on your credit card, you might want to consider a balance transfer card. These cards give you 0% interest during the introductory period which can be over 30 months on some cards. Here's our pick of offers available through Finder:
- Long interest-free period:
The ANZ Low Rate Credit Card offers 0% p.a. interest on balance transfers for 28 months, with a one-time 2% balance transfer fee.
- No annual fee and balance transfer offer:
The Coles No Annual Fee Mastercard has an ongoing $0 annual fee and offers 0% interest on balance transfers for the first 12 months, with no balance transfer fee.
- No balance transfer fee offer:
The Westpac Low Rate Credit Card offers 0% p.a. interest on balance transfers for the first 28 months and no balance transfer fee when you apply by 01 November 2023.