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:
Bankwest Zero Platinum MasterCard
- $0 annual fee for the life of the credit card - pay no annual fee, ever!
- Special Introductory Offer! Amazingly low 1.99% p.a. balance transfer rate for 12 months
- 55 interest free days on purchases
- 15.99% p.a.on-going interest rate on purchases
- Complimentary travel insurance & 24/7 Concierge service
- Access to the Home & Away Privilege Program which gives you instant discounts on shopping, travel, accommodation and plenty more!
| 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) | |
|---|---|---|---|---|---|---|---|
 Citibank Silver Credit 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. | 20.49% | 20.99% | 2.90% p.a. for 12 months. | $69 | 55 | |
 Citibank Gold Credit Card | Lots of automatic Citibank benefits and services. What the silver card provides, with more insurance, travel bonuses and luxury benefits. | 20.49% | 20.99% | 2.90% p.a. for 12 months. | $119 | 55 | |
 Citibank BP MasterCard | Another competitive annual balance transfer rate offer. 0.5% cash-back on all purchases. | 20.39% | 20.39% | 2.90% p.a. for 12 months. | $79 | 55 | |
 CUA Gold Rewards MasterCard | A decent balance transfer offer with one of Australia’s leading credit unions. | 17.99% | 17.99% | 290% for 9 months | $85 | 55 | |
 IMB Gold Rewards MasterCard | IMB offer a 3.90% p.a. for 12 month balance transfer offer on their Gold Rewards card.
| 17.99% | 17.99% | 2.90% for 9 months | $99 | 55 | |
 Bankwest Zero Platinum MasterCard |  Editor's Choice:No Annual Fee Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 12 months on balance transfers | 15.99% | 15.99% | 1.99% for 12 months | $0 | 55 | |
 Bankwest Lite MasterCard |  Editor's Choice:Cheapest Credit Card The lowest stress mastercard, with Australia's lowest MasterCard purchase rate of just 9.99% p.a. | 9.99% | 20.99% | 1.99% for 12 months | $59 | 55 | |
 ANZ Low Rate MasterCard | Editor's Choice: Balance Transfer Save with low interest rate on purchases and enjoy 0% p.a. on balance transfers for the first 6 months. | 12.49% | 20.74% | 0% for 6 months | $58 | 55 | |
| ANZ Low Rate MasterCard | Limited Time Only Turn your New Years resolution for 2010 to reduce credit card debt in to a reality by applying before 27 February 2010. | 12.49% | 20.74% | NEW!2.9% for 12 months | $58 | 55 | |
 Citibank Platinum Credit Card | 4.9% balance transfer for life. Minimum annual earnings $70,000. | 20.49% | 20.99% | 4.9% balance transfer for life. | $250 | 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.
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