By WhistleOut
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Card
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Rewards Points
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Annual Fee
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Interest Rate
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Balance Transfer
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$0
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17.99%
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0%for 6 months
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Go to site
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0% Balance Transfers
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$0Current Deal
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17.99%
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0%for 6 months
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Go to site
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0% Balance Transfers
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$0Current Deal
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17.99%
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0%for 6 months
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Go to site
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0% Balance Transfers
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$0Current Deal
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17.99%
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0%for 6 months
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Go to site
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0% Interest & Annual Fee Halved
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$99Save $50
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0%
for 6 months
then 11.99%
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0%for 6 months
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Go to site
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$55
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13.49%
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0%for 6 months
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More details...
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0% Purchases + Balance Transfers
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$59Current Deal
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0%
for 4 months
then 11.99%
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0%for 6 months
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Go to site
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4,000 Bonus Points Offer
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1.5
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$70Current Deal
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19.49%
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0%for 6 months
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Go to site
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2,000 Bonus Points Offer
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0.5
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$80Current Deal
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19.49%
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0%for 6 months
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Go to site
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0% Purchases + Balance Transfers
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$89Current Deal
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0%
for 4 months
then 11.99%
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0%for 6 months
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Go to site
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0% Purchases + Balance Transfers
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$99Current Deal
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0%
for 4 months
then 11.99%
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0%for 6 months
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Go to site
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8,000 Bonus Points Offer
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1.5
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$120Current Deal
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19.49%
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0%for 6 months
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Go to site
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Balance Transfer or Bonus Points Offer
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up to1
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$129Current Deal
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20.99%
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0%for 9 months
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Go to site
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0% Balance Transfers + 25,000 Reward Points
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1
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$129Current Deal
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19.99%
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0%for 8 months
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Go to site
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16,000 Bonus Points
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2
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$130Current Deal
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19.49%
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0%for 6 months
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Go to site
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4,000 Bonus Points Offer
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0.5
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$130Current Deal
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19.49%
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0%for 6 months
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Go to site
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8,000 Bonus Points Offer
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1
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$140Current Deal
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19.49%
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0%for 6 months
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Go to site
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2
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$199
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20.74%
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0%for 6 months
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More details...
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20,000 Bonus Qantas Frequent Flyer Points
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up to2
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$199Current Deal
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20.99%
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0%for 6 months
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Go to site
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$0 Annual Fee For First Year
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1
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$79Save $79
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18.74%
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0.99%for 6 months
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Go to site
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$0 Annual Fee For First Year
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1
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$79Save $79
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18.74%
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0.99%for 6 months
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Go to site
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Balance Transfer & 10,000 Bonus Points
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up to1
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$75Current Deal
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19.99%
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0.99%for 6 months
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Go to site
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1
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$79
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18.74%
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0.99%for 6 months
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Go to site
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Balance Transfer & 20,000 Bonus Points
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up to1
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$125Current Deal
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19.99%
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0.99%for 6 months
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Go to site
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Balance Transfer & 10,000 Bonus Points
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up to1.5
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$250Current Deal
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19.49%
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0.99%for 6 months
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Go to site
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up to3
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$199
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20.99%
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1.5%for 15 months
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Go to site
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Reduced Annual Fee
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1.5
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$395Save $196
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20.99%
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1.5%for 15 months
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Go to site
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1
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$90
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19.74%
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1.9%for 6 months
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Go to site
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1
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$120
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20.50%
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1.9%for 9 months
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Go to site
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1.9% Balance Transfers
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1.25
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$289Current Deal
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20.99%
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1.9%for 6 months
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Go to site
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2.9% on Balance Transfers
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$0Current Deal
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18.99%
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2.9%for 6 months
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Go to site
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2.9% Balance Transfers
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$99Current Deal
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10.99%
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2.9%for 9 months
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More details...
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$0 Annual Fee For First Year
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$55Save $55
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13.24%
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2.99%for 6 months
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Go to site
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$0 Annual Fee For First Year
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$55Save $55
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13.24%
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2.99%for 6 months
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Go to site
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$55
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13.24%
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2.99%for 6 months
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Go to site
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3.9% Balance Transfers & 15,000 Bonus Skywards Miles
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1.5
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$229Current Deal
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20.99%
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3.9%for 9 months
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Go to site
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$0 Annual Fee For First Year
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$89Save $89
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15.99%
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3.99%for 6 months
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Go to site
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0% Purchases & No Annual Fee First Year
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$30Save $30
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0%
for 6 months
then 19.59%
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3.99%for 6 months
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Go to site
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Balance Transfer & No Annual Fee Offer
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$90Save $90
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0%
for 6 months
then 19.59%
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3.99%for 6 months
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Go to site
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$0 Annual Fee For First Year
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$89Save $89
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15.99%
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3.99%for 6 months
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Go to site
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0% Interest on Purchases
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$45Current Deal
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0%
for 6 months
then 13.49%
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3.99%for 6 months
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Go to site
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$89
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15.99%
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3.99%for 6 months
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Go to site
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Balance Transfer & 10,000 Bonus Points
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up to2
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$100Current Deal
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19.99%
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3.99%for 6 months
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Go to site
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Balance Transfer & 20,000 Bonus Points
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up to2
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$150Current Deal
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19.99%
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3.99%for 6 months
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Go to site
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with Citi Qantas Rewards
4.9% Balance Transfers & 60,000 Bonus Reward Points
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2
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$700Current Deal
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20.74%
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4.9%for 9 months
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Go to site
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$30
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19.49%
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4.99%for 6 months
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More details...
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$59
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13.99%
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4.99%for 6 months
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More details...
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7,500 Bonus Velocity Points
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up to1
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$65Current Deal
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19.99%
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4.99%for 6 months
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More details...
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up to1
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$65
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19.99%
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4.99%for 6 months
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More details...
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10,000 Bonus flybuys points + 1% balance transfers
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1
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$65Current Deal
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19.49%
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4.99%for 6 months
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More details...
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Current Credit Card Deals & Offers
The market for credit cards is constantly changing so it can be hard to find the best credit card deals. Whether you want a low fee, low interest, balance transfer, or Frequent Flyer rewards credit card - you can compare credit card deals here to find the best credit card to suit your needs. Each month we will compare all our credit card offers from major Australian lenders and bring you our pick of new credit card deals. The service is free, but the value is immense!
The deals here include bonus reward points, 0% balance transfer offers, extended interest free credit cards, and many more. Of course not everyone is suited to the same type of credit card, so please ensure you consider the full terms and conditions of each card.
Bonus 16,000 Qantas Frequent Flyer Points
Receive a bonus 16,000 Qantas Frequent Flyer points if you use your card for an eligible purchase before 31 October 2012. Receive an additional Qantas Frequent Flyer point per dollar over $30 spent at Woolworths, BWS or Big W.
This offer from Woolworths includes:
- 16,000 Bonus Qantas Frequent Flyer Points
- 5.99%p.a. on balance transfers for 6 months
- Earn up to 1 point per dollar spent
- Low annual fee of $89
0% p.a. on Purchases For 9 Months
The supermarket battle is on and it's a great time to take advantage of credit card deals. Woolworths are offering their Everyday Money Credit Card at just $49 annual fee, with up to 3 points per dollar spent. As a bonus they are also offering an introductory interest rate of 0% pa on purchases for the first 9 months.
Woolworths Everyday Credit Card offers:
- 0% p.a. on purchases for 9 months
- 5.99% pa for 6 months on balance transfers
- Up to 3 points per $1 spent
- Low annual fee of just $49
- Up to 55 days interest free
0% pa on Purchases For 6 Months
No annual fee and 0% pa on purchases for the first 6 months are just two features of this enticing offer from American Express. Add to that a BONUS of up to 7500 Qantas Frequent Flyer points!
This offer from Westpac includes:
- 0% pa for 6 months on purchases
- $0 annual fee
- Bonus 7500 Qantas Frequent Flyer points
- Earn up to 1 point per dollar spent
BONUS 40,000 Reward Points
This platinum level credit card offer from ANZ entitles new applicants to 40,000 bonus reward points when they apply before 31 August 2012. Enjoy platinum benefits such as overseas travel insurance, ANZ car rental cover, purchase security insurance, and ANZ Falcon™ fraud protection.
Virgin Money credit card deal includes:
- Bonus 40,000 Reward Points (equal $100 gift card)
- ANZ Falcon™ fraud protection
- Up to 55 days interest free
- Earn up to 3 points per dollar spent
Coles Mastercard - No Annual Fee
Coles has combined the humble credit card with their FlyBuys program to produce the Coles MasterCard. Earn FlyBuys points when you use your card, and then redeem the points at Coles stores. Take advantage of the FlyBuys partner network to earn bonus points.
This new credit card from Coles includes:
- Earn 1 FlyBuys point per dollar spent
- 19.99% pa interest rate on purchases
- Up to 62 days interest free
- MasterCard PayPass purchases under $100
About Balance Transfer Credit Cards
If you have built up debt on your existing credit card (or on several credit cards) then a balance transfer offer on a new credit card can provide a method to reduce this immediate debt obligation.
Switching to a balance transfer card means that you’re asking the new credit card provider to pay off your outstanding balance on your old card and thereby transferring your existing debt to them, usually at a much lower interest rate (often 0% for 6 months). If you’re struggling with rising interest costs on an existing credit card debt, this exchange his should ultimately save you money. For the ‘balance transfer’ period you will have a lower monthly credit card repayment and your debt will not continue to grow at such a fast rate.
However, this transfer does not erase the debt and you’ll still need to pay that debt off the new card, ideally before the end of the balance transfer period when the interest rate on the new card returns to the default amount.
Getting Started with Balance Transfer Credit Cards
The obvious first step before you apply for a balance transfer credit card is to compare your options and to explore the market. If a balance transfer is your key objective with a new card, look for balance transfer cards with not only with a low or zero interest rate but those that also have long balance transfer periods.
Balance transfer rates that last for the life of the card are very difficult to find. A low balance transfer interest rate will usually revert to a higher standard rate of interest after a set period.
Length of Transfer
An important decision when selecting cards is the size of the balance you want to transfer and the options between longer transfers at a low rate vs. shorter transfers at zero percent interest.
To help understand how these things impact on your decision process, take this example.
If you’ve got a large balance of $10,000 and you’re looking at two balance transfer cards:
- Credit Card A: 0% on Balance Transfers for 6 months
- Credit Card B: 2.9% on Balance Transfers for 12 months
The key decision operator should be the speed at which you can pay back the $10,000 balance.
If you can pay down the $10,000 balance in 6 months, then Credit Card A will be a better option as you won’t be charged any interest if you pay the balance off within 6 months.
However, if you think it will take you longer, say 10-12 months to pay down the $10,000 balance, then paying a low rate for that entire period will be advantageous when compared against 6 months of zero interest on Credit Card A then 6 months at an APR of 20%.
It’s a pretty simple rule to use - the longest possible periods of lower interest rates you will provide the longest break in repayment pressure. Don’t be over exuberant just because you see a 0% offer. A balance transfer can help you get your finances back on track and you need to be realistic with this decision.
Why Banks Offer Balance Transfers
The credit card market is relatively saturated so to attract new customers, credit card providers have had to use new marketing ideas. With a balance transfer, they hope to tempt you with the low balance transfer rate to switch providers. From a profit perspective, cynical observers would say that the provider secretly hopes that you don’t manage to repay all your debt within this low interest rate period and that your debt will switch back to the higher standard variable rate at the end of the balance interest period.
As with every credit product, it is prudent to take your time when switching credit cards. Check out the small print in the terms and conditions to make sure there are no hidden catches or fees. Make sure there are no fees for transferring your balance and assess the other features of the balance transfer card to check that it is suited to your needs. Does the cheaper interest rate apply just to balance transfers or to new purchases too? Ideally it is best not to spend on your balance transfer card whilst you try to reduce your existing debt but if you do be careful as some banks will use your credit card repayments only to pay off your new debt and you will make no progress with reducing your transferred debt.
Transferring Your Balance
When applying for a balance transfer card, your balance transfer application has to happen at the same time as the credit card application. There will be a section on the credit card application form.
It will usually take around two weeks for your balance to transfer across to a new credit card and you can often transfer store card balances too.
Compare Credit Cards
Compare credit cards from the following credit card providers...
Disclaimer:
WhistleOut is not suggesting that you apply for a particular credit card provided by any of the following credit providers, nor are we trying to assist you to apply for a credit card from any of the following providers. We recommend that you seek professional advice before acting upon any information provided on this web site.
WhistleOut may receive a commission from some credit card providers.