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Best 0% Balance Transfer Credit Card Deals for September
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Best 0% Balance Transfer Credit Card Deals for September

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If you have credit card debt you want to pay down, a balance transfer offer could help you get a handle on it. Allowing you to pay less in interest over an introductory period, balance transfer cards can help streamline your credit card debt, while you focus on clearing that balance.

Dealt with correctly, a balance transfer offer could allow you to reduce your credit card debt significantly, while saving on interest overall. Then, once you’re back on track, you can begin to develop a healthier relationship with credit. Interested? Check out our top picks on balance transfers for this month to find the best balance transfer card for you.

Let’s look at the best Balance Transfer credit card deals for September 2021

HSBC Platinum Credit Card – 0% Balance Transfer

A platinum card with some modest rewards perks, the HSBC Platinum Credit Card could be the perfect choice for cardholders looking to take advantage of a 0% balance transfer for a really long time. With this card, you can benefit from 0% p.a. interest on balance transfers for 36 months, with no balance transfer fee to pay. Balance transfers must be requested at application, and you can request to transfer up to 90% of your available credit limit from non-HSBC credit and store cards. Unpaid transferred balances revert to the card’s cash advance rate. On top this long balance transfer offer, you will get a discounted $29 annual fee for the first year, reverting to $129 per year after that. Offer may be withdrawn at any time.

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St.George Vertigo Balance Transfer

Currently offering new cardholders the opportunity to save on balance transfers, the St.George Vertigo Card has 0% p.a. on balance transfers for 28 months. No balance transfer fee. Cardholders can transfer a minimum of $200 up to 80% of their approved credit limit, with unpaid transferred balances reverting to the cash advance rate. As for the annual fee, it’s low at $55 p.a. and you can add one free additional card holder. Balance transfer offer ends 28 September 2021.

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Citi Rewards Balance Transfer Offer

As a feature-packed rewards card, the Citi Rewards Credit Card certainly has a lot to offer, especially when you take into account its excellent balance transfer deal. It’s by far the strongest 0% balance transfer in market. As a new cardholder, you can benefit from 0% p.a. on balance transfers for 30 months, transferring up to 80% of your approved credit limit from non-Citi cards. No balance transfer fee applies.

But that’s not all – this card also has a reduced annual fee of $49 for new cardholders in the first year, offering a saving of $100. In terms of everyday rewards earning, cardholders can earn 1 Citi Point per $1 spent on purchases at home and overseas, and 2 Citi Points per $1 spent on their Linked Diners Club Card. Some other handy extras include a free bottle of wine when dining at participating restaurants within the Citibank Dining Program, complimentary overseas travel insurance and retail cover, and access to interest savings via the Citi instalment plan.

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ANZ Low Rate Credit Card Balance Transfer

Currently offering new cardholders the opportunity to save on balance transfers, the ANZ Low Rate Card has 0% p.a. on balance transfers for 30 months with no balance transfer fee. Cardholders can transfer up to 95% of their approved credit limit, with unpaid transferred balances reverting to the cash advance rate. As for the annual fee, it’s low at $58 p.a. and for a limited time you pay no annual fee the first year. You can add up to 3 free additional card holders.

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Finding the Best Balance Transfer Offers

Paying down credit card debt isn’t easy. If you have large amounts owing on a number of cards, it may seem almost impossible to get on top of it. When you carry a balance on a credit card, this is known as having a revolving debt, as it never gets fully paid off. And, as you are continuously paying interest on that unpaid debt, it can become even more difficult to clear.

Carrying a balance on a credit card can be stressful, not knowing which card to pay down first, especially if you are struggling financially. It can also mean you pay much more in interest than you need to. If you clear your credit card balance by each monthly due date, you should pay zero interest. But, if you carry a balance, you could end up paying hundreds or even thousands of dollars in interest.

According to ASIC’s review into credit card lending, released in July 2018, 18.5% of consumers in Australia are struggling with credit card debt. As of June 2017, there were almost 550,000 people in arrears, an additional 930,000 with persistent debt, and an additional 435,000 people repeatedly repaying small amounts. So, what’s the solution?

While switching to a low rate credit card may work best for some cardholders, a balance transfer offer could provide a more appealing option for others. Offering a break from interest for a specified period of time, a balance transfer offer allows cardholders to focus on paying down their debt faster, potentially reducing stress while helping them to save on interest.

What is a balance transfer offer?

A balance transfer offer is an introductory offer providing reduced interest rates on balances transferred from other credit cards. Designed to help cardholders pay down their credit card debt by switching to a new card, a balance transfer offer allows cardholders to pay low or no interest on their transferred balance over a specified introductory period, during which time they can concentrate on paying down the balance.

When would you need a balance transfer offer?

There are many reasons why you may consider a balance transfer offer. Choosing the right balance transfer card could allow you to:

  • Regain control over your finances,
  • Clear your debt,
  • Save on interest,
  • Improve your credit worthiness to apply for other forms of credit, such as a home loan,
  • Streamline your credit cards to save time and reduce hassle,
  • Switch to a card that better suits your needs.

How do you know if you are eligible for a balance transfer offer?

Comparing balance transfer offers means knowing what to look for. But, there is no point digging deeper into an offer if you’re not eligible for it in the first place. Credit card providers generally have eligibility requirements for all of their cards, whether there is a balance transfer offer on the card or not.

Before you apply for a balance transfer card, check the eligibility requirements carefully. First and foremost, balance transfer offers are designed to attract new cardholders. Which is why providers will typically not allow a balance transfer from one of their own cards. This usually applies to providers under the same ‘umbrella’ as well, for example Westpac and St.George.

Read the small print on the card to find out whether you are eligible for the balance transfer offer, and eligible to apply for the card. Eligibility requirements on the card may require new applicants to meet minimum annual income requirements and have a good credit history, which may cause issues for those who have defaulted in the past.

What should you be aware of with a balance transfer offer?

If you want to choose the right balance transfer offer for you, it’s important to know what to look for. Aside from eligibility requirements, here are some factors for you to consider as you compare balance transfer offers.

  • How long does the introductory period last? A longer offer should give you more time to pay off your transferred balance. When choosing a longer offer, use that time wisely. Don’t put off paying off your balance just because you think you have more time.
  • What is the introductory interest rate? Obviously, the lower the introductory rate, the more you can save on interest. 0% balance transfer offers provide a better opportunity to pay down your transferred balance, while paying less in interest.
  • What does the balance transfer revert to? Find out what rate of interest your transferred balance will attract if it remains unpaid at the end of the introductory period. Some cards revert to the purchase rate, while others revert to the higher cash advance rate.
  • What rate of interest will you pay on new purchases? Consider the card’s purchase rate, and be aware that some cards do not offer ‘interest free periods’ when you have a balance transfer. If you are using your card day-to-day, this could mean your credit card spending attracts more in interest, making the total more difficult to pay off.
  • What will you pay in annual fees? If you choose a high-end card, the annual fee you pay may also be high. To help you save money, you may be better off choosing a card with a good balance transfer offer, fewer features and a lower annual fee.
  • Is there a balance transfer fee? Balance transfer fees are quite common. These fees are typically one-off, and add a percentage of the transferred amount to the cardholder’s overall balance to be paid off.
  • How much can you transfer? Some balance transfer cards allow you to only transfer up to a percentage of your approved credit limit.
  • What features are offered? Depending on your circumstances, you may want to choose a card that offers fewer features for a lower fee so you can focus on paying down the transferred balance. However, if you have the funds to pay down the balance transfer while still using the card as normal, you may find value in a card with more features.
  • Can you earn rewards? Rewards cards reward spending. But, if you are spending to earn points, you may not be giving your full attention to paying down your transferred balance. If you have the money to pay down your transferred balance while paying off your new balance as well, earning rewards is great. If you’re struggling to cover either, a more basic card with a good balance transfer offer may be a better option.

What potential mistakes should you avoid?

To deal with a balance transfer offer correctly, there are two important mistakes to avoid. The first involves lack of research.

  • Don’t just go for the first offer you find. You need to shop around to find the best balance transfer offer and the best card for your needs. Happily, makes this easy. With a wide range of balance transfer cards on offer, you can compare all the options side by side, to find the right one for you.

The second mistake involves not paying off the transferred balance and ending up in more debt.

  • According to ASIC’s review, many cardholders use their balance transfer wisely, paying down their balance to clear their debt and save on interest. Others, however, increase their debt, either by spending on the old card with the cleared balance, or by not paying down the transferred balance and letting it continue to accumulate interest after the introductory period ends.

How do you choose the best balance transfer offer?

Choosing the best balance transfer offer means comparing the options. So, how do you sift through all the options available to choose the offer that best suits your needs?

The credit card market is changing all the time, so offers often change according to market competition. Sometimes, the competition in balance transfers is intense, so there will be plenty of 0% balance transfer offers over long introductory periods. At other times, balance transfer offers may not be so popular, so it may not be as easy to find a good offer.

Providing you with the latest balance transfer offers, makes it easy to compare what’s available, to then narrow your options. You can find the offer that provides you with the time you need to pay down your debt, at the lowest possible interest. While keeping in mind the above factors, you can find and apply for the balance transfer card that works best for you.

How do you make a balance transfer offer work for you?

Making the most of a balance transfer offer is all about making it work for you. There are some awesome balance transfer offers out there, but they all require effort on your part to get the most out of them. Here are some simple tips to help you get the most out of your balance transfer card, so you can clear your debt and develop a healthier relationship with credit.

Tip 1. Cancel your old credit card.

When you transfer a balance from an existing card, that card remains open until you choose to close the account. It’s a good idea to cancel the card as soon as the balance has been transferred to avoid the temptation of spending on it.

Having a card in your wallet with a zero balance and large credit limit available can make it tempting to spend. But, if you do that, you will have an even bigger debt to pay off, with interest continuing to accrue on your new balance on the old card.

Tip 2. Work out a repayment plan.

A balance transfer offer really only benefits you when you use it to pay down debt. Don’t get side-tracked, thinking you have ages to pay off your transferred balance. That introductory period will be over before you know it.

Instead, set up a repayment plan that allows you to pay off your transferred balance within the introductory period. Using a repayment calculator can help you with this, allowing you to work out how much you will need to pay back each month.

Then, be as strict as possible, sticking to your plan as your budget allows. Setting up an automatic repayment could make this easier, transferring a set amount out of your bank account and onto your credit card after each payday.

Doing this should encourage you to pay off as much of your transferred balance as possible. The aim is to clear the entire transferred balance by the end of the introductory period, before interest starts accruing.

Tip 3. Consider whether you want to spend on the new card

Paying off your transferred balance should be your main focus. If you can only afford to pay off that much each month, it may be best to avoid spending more on the card until the balance transfer is cleared.

When you use the card to make new purchases, you have to be able to pay off that balance before interest starts accruing, or you may end up in more trouble with your credit card debt. Be aware that some credit cards don’t offer interest free periods when there is a balance transfer on the card, which may make it harder to pay off the balance on new spending.

While it may seem like hard work, paying off your existing credit card debt can provide plenty of benefits. Make your balance transfer card work for you by choosing the right card and dealing with it correctly. Start by comparing your options and apply today.

Photo source: Shutterstock
Founder - Roland B Bleyer

Roland Bleyer

Founder of Roland has extensive knowledge about credit cards in Australia. Known as a credit card expert, he has been featured on tv and in various publications. Some popular offers on our site right now include the ANZ Low Rate. This special offer has no annual fee first year, a low purchase rate and long 0% balance transfer. Have a look also at the huge 0% for 30 months balance transfer from Citi with no balance transfer fees.

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10 comments (showing the latest 10 Q&As)



8 September 2021
Hi Roland. My dad has 3 NAB credit cards. 2 of them have a credit of 15000 and 1 has a credit of 12000. He only has 6 months left of 0 percent interest rate with NAB. He was wondering as an existing customer where he could balance transfer to another company that can give him a longer duration of 0 percent interest balance transfer? I would really need your help
    Roland B Bleyer - Founder


    9 September 2021
    Hi Rio Joon, thanks for your question! There are several credit card offers right now that have a balance transfer offer. I suggest checking the list of balance transfer credit cards we created for your dad’s options and using the calculator and handy comparison tools. Keep in mind that most card providers allow you to transfer “up to” a certain percentage. A good thing to understand when comparing your options!


9 July 2021
Hi Roland, I hope you are well I’m interested to get a balance transfer and at the same time try and increase my credit score and clear a small debt as I have a bad credit at the moment due to 2x credit enquiries I am currently in dispute with. During this lockdown at the moment and off work until 17th July I’m going through a tough time. I just need advice or direction on which card I should get for the balance transfer without it affecting my credit or having an enquiry on my credit if I get declined. 🤷🏻‍♀️ I want to start with one step at a time at the moment. Any help would greatly be appreciated! My current credit card with NAB is sitting at $4100 I’m currently a store manager and work full time I can afford to pay repayments every week As I live rent free with my parents. Which card do you recommend please 🙏 Thank you in advance! Kind regards, Silvz
    Roland B Bleyer - Founder


    9 July 2021
    Hi Silvana, thanks for the information! Whilst we cannot recommend one card over another, there are several cards that offer balance transfers along with other offers or features - like Bendigo Bank Low Rate Credit Card or Coles No Annual Fee Mastercard where both are low rate cards and offer a balance transfer. It’s worth noting that credit cards are generally reserved for those with excellent credit scores, and if there is any disputes on your file, it’s important to get those cleared up before applying for any more credit products. We have compiled a list of Low and 0% Balance Transfer credit cards that you can check for your options. I suggest also checking out the list of low interest credit cards we created which can help in building your credit. Hope this helps!!


28 May 2021
Does applying for a balance transfer credit card affect my credit score for or against in the present or future.
    Roland B Bleyer - Founder


    31 May 2021
    Hi Richard, thanks for the question. Whilst there is no hard and fast rule to credit scores, any application for credit will go on your credit file. Too many in a short space of time can damage your credit score. You should obtain a copy of your credit file before considering any credit applications, to ensure your details are correct and up-to-date. If you’d like to learn more about credit scores, you can check out our guide. Feel free to reach out again if you have any questions.


13 May 2021
Your total balance transfers may not exceed 80% of your credit limit - please explain this. Im trying to do a Balance Transfer for $2197 so how much should i ask for as the credit limit?
    Roland B Bleyer - Founder


    14 May 2021
    Hi Christina, thanks for your question! Card providers will set a credit limit for the card you’re approved of based on a range of eligibility factors. For example, with a limit of 80% on your credit limit, a credit limit of $1,000 would allow you to transfer $800 of your debt. If you were looking to transfer a balance of $2197, you should ensure that this is at least 80% of your approved limit.


12 December 2020
hi, . looking for balance transfer. Can i do from Citi reward credit card to NAB debit card? And will I be able to use the cash later from NAB card ?
    Roland B Bleyer - Founder


    14 December 2020
    Hi Sudhanshu, a balance transfer is when you move current debt into a new offer. Therefore you cannot transfer to a debit card as it is not debt.

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