Balance Transfer for 12 Months – With a 0% Interest Free Credit Card

12 months Balance Transfer Offers

Following are the top 12 months and longer balance transfer offers that are available in the Australian market. Unfortunately there are a lot more 6 months offers that are available although it might be worthwhile considering a for life transfer to give yourself more time if you need it.

Featured 12 Month Balance Transfer Credit Card:

Suncorp Clear Options Standard Credit Card

The Suncorp Clear Options Standard Credit Card features a low interest rate on purchases, as well as a long-term balance transfer period, giving you more time to repay your credit card balance at a lower interest rate

• $39 low annual fee
• Special Introductory Offer!
  Amazingly low 2.9% p.a. for 12 months p.a. balance transfer rate
• 55 interest free days on purchases
• 12.24% p.a.on-going interest rate on purchases

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
Suncorp Clear Options Standard Visa Card	A low interest credit card with a long term balance transfer option, giving you relief from your credit card interest whilst you repay your debt at a low interest rate.	12.24%	17.99%	2.9% for 12 months	$39	0
Citibank Silver Card	Lots of automatic Citibank benefits and services. The lowest annual fee of all Australian 2.9% p.a. balance transfer offers, hence the cheapest.	20.74%	21.24%	2.9% for 12 months	$89	55
Citibank BP Card	Another competitive annual balance transfer rate offer. 0.5% cash-back on all purchases.	20.89%	20.89%	1.9% for 12 months	$79	55
Citibank Emirates Platinum Card	Earn up to 1.5 skyward miles per $1 spent on purchases. Benefit from a long-term balance transfer option.	20.74%	20.74%	2.9% for 12 months	$229	55
Suncorp Clear Options Gold Visa Card	Featuring the usual benefits of a Gold credit card, including free travel assistance. An optional rewards program is provided, and a long term balance transfer.	19.75%	19.75%	2.9% for 12 months	$99.00	55
Suncorp Clear Options Plus Card	Earn bonus rewards points on your purchases with a complimentary rewards program. Includes purchase cover for lost, stolen or damaged goods	19.99%	19.99%	2.9% for 12 months	$63.00	55
Aussie Mastercard – Balance Transfer Offer	The Aussie MasterCard gives you the choice of a long term balance transfer, giving you relief from your existing credit card interest repayments.	12.99%	19.79%	3.99% for 12 months	$45	55
Bankwest Lite MasterCard	Awarded Australias Cheapest Credit Card for 2010 with the lowest purchase rate of all MasterCard credit cards and a long term balance transfer	10.75%	21.74%	1.99% for 9 months	$59	55
Bankwest Zero Platinum MasterCard	A unique credit card as it offers both a $0 annual fee for life, and a low interset balance transfer. Includes complimentary international travel insurance.	16.99%	16.99%	3.99% for 9 months	$0	55
CUA Gold Rewards MasterCard	A decent balance transfer offer with one of Australias leading credit unions.	19.24%	19.99%	2.90% for 9 months	$85	55
IMB Gold Rewards MasterCard	IMB offer a 2.90% p.a. for 9 month balance transfer offer on their Gold Rewards card.	19.24%	19.99%	2.90% for 9 months	$99	55
Citibank Gold Card	Lots of automatic Citibank benefits and services. What the silver card provides, with more insurance, travel bonuses and luxury benefits.	20.74%	21.24%	1.9% for 12 months	$149	55
Suncorp Clear Options Platinum	One of the most unique balance transfer credit cards, offering a low interest rate on purchases for life. $50,000 minimum income requirement for application approval.	19.99%	19.99%	3.9% for life	$205	55
Citibank Platinum Card	4.9% balance transfer for life. Minimum annual earnings $70,000 needed to apply.	20.74%	21.24%	3.9% for life	$125 (First Year, Save $125)	55

Tips to Finding the Best 0% Interest Credit Cards

Times have not been so great for a lot of people lately. The price of everything has been going up. From gasoline to food to power and everything else we need, the prices have been increasing non-stop over the past year. At the same time, our paychecks are mostly standing steady.

For many people, the current economic situation has meant they have gotten over their heads in credit card debt. They were spending the same way as they were in the past, buying the same things, but with the increase in prices, the total they were spending kept sneaking up and before they knew it, they were in deep credit card debt.

So, how do you get out of it? The answer is 0% interest credit cards. These are cards that will literally charge you 0% on the principal on the card, for a certain period of time.

Before you rush out to apply for just any old 0% interest credit cards, you need to ask a few questions:

What is covered under the 0%?

Before you start getting excited over the prospect of a 0% interest credit card, you need to know what all is included in the 0%. Some cards will cover all of your purchases. Others will only apply the 0% to balance transfers. Look for the card that best suits your needs to get out of debt.

How long does 0% last?

0% offers don’t last forever, unfortunately. They are set for a specific time period, usually 6 months, 9 months, 12 months or 15 months. When you are shopping around, look for a card with the longest term of the promotion that you can get which still serves the rest of your credit card needs.

What is the interest rate after the 0%?

Once the initial 0% interest term is over, another interest rate will kick in for the duration of time you own the card. You need to know what this rate will be so you know what you can expect in the future. This is not a deal breaker on the card, but if it has higher interest, you will know after the 0% time period is done to not leave a balance on this card.

Are there any balance transfer fees?

Most balance transfer credit cards are going to charge you to move money from your regular card to the 0% interest card. You need to know how much. For some it is a set fee. For others, it is a percentage of the amount you are transferring. Make sure the amount of the transfer is less than you will lose by leaving the card on your current, higher interest, credit cards.

Related posts:

1. 2.9% Balance Transfer For 12 Month Credit Card Offers
2. 0% Balance Transfer For 6 Months Credit Card Offers
3. How To Calculate How Much Interest You Will Save With A Credit Card Balance Transfer.
4. Citibank Clear Credit Card
5. Best Credit Card Balance Transfer For Life Offers

Posted on Wednesday, March 31st, 2010 at 10:11 am