St.George Bank offers balance transfer credit cards both for new and existing customers. Aside from making balance transfer options available on all their major credit cards, St.George also offers very low introductory interest rates. Find out all the details regarding St.George balance transfers here.
The St.George Vertigo MasterCard is the low rate credit card perfect for those who love to shop. You will save on purchases with a low variable purchases rate, up to 55 days interest free on purchases and a low annual fee each year. You can also consolidate any existing credit card debt you have with a low balance transfer offer for the first 6 months.
- 13.24% p.a. on purchases
- 0.99% p.a. for 12 months on balance transfers
- $55 annual fee
- 21.49% p.a. on cash advances
St.George Credit Card Comparison:
| Interest Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual Fee | Cash Advance Rate (p.a.) | |||
|---|---|---|---|---|---|---|
 St George Vertigo |
St.George Vertigo is the perfect credit card for shopping lovers as it features a low purchase rate, 55 days interest free and a low ongoing annual fee. Also comes with free secure online shopping service | 13.24% | 0.99% for 12 months | $55 | 21.49% |   |
 St.George Amplify |
St. George Amplify is the new rewards credit card that gives you the option to choose your rewards program. You can build up Amplify points in the Amplify Rewards Program and enjoy all kinds of rewards or connect your card to the Amplify Qantas program to earn Frequent Flyer points. It also offers a great balance transfer rate of 0.99% p.a. for up to 6 months. | 18.74% | 0.99% for 6 months | $79 | 20.74% | |
 St George Platinum Card |
St.George Platinum Credit Card is the perfect card for the shopaholic and jetsetter. It has one of the lowest annual fee for a Platinum card at only $89, a low platinum card interest rate and the benefits of a privileged Platinum card holder such as 24/7 concierge service as well as shopping and travel insurances. It also offers a 3.99% balance transfer rate for up to 6 months. | 15.99% | 3.99% for 6 months | $89 | 21.49% | |
When you transfer your outstanding balance on any Australian store or credit card to a St.George credit card, either new or existing, you are said to have completed a St.George Balance Transfer. The benefits of such a balance transfer include:
- Money saved by paying low interest rates during the introductory period (as low as 0.99% for the first 6 months)
- Easier credit card debt management from consolidating into one account
Requirements of a Balance Transfer
You can request a St.George balance transfer if it meets the following criteria:
- The transferred balance is from another issuer, transfers cannot be made between different St.George cards
- The credit card has been issued in Australia
- The transfer amount is in excess of $500
- The transfer amount is less than 95% of your available credit limit
- Your credit file and card account are in good shape
How to request a balance transfer
A St.George balance transfer can be requested by new and existing customers of the bank. New customers can include a balance transfer request in the application form for a new St.George credit card. The introductory period then starts from the day the account is opened, and the promotional rate is applied to the transferred balance. If any balance remains outstanding at the end of this period it accrues interest at the normal rate for that credit card, i.e. at the interest rate applied to purchases.
Existing customers of St.George bank also have the option of requesting balance transfers. They can make as many transfer requests as they wish as long the minimum requirements are met. It is important to note that if the existing St.George card had any interest free days, they will be disabled while a balance transfer offer is in effect. Interest free days are only available when the full amount is repaid every statement cycle. So for the duration of a balance transfer offer these cards will no longer offer interest free days on purchases.
St.George balance transfer for new credit cards can take up to 14 days to be processed. The balance is transferred only after the new card is activated and all identity checks are completed. If you wish to close your credit card accounts from which you have transferred the balance away, you need to do so manually by getting in contact with the card issuer.
Posted on Thursday, April 29th, 2010 at 1:06 am
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