March’s Best Balance Transfer Credit Card Deals

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You can save more than $1,000 off your average credit card balance by moving it to a card with a 0% balance transfer offer — here’s how.

Maintaining a balance on your credit card can quickly add up, with the average standard interest rate currently at 19.94% according to data from the Reserve Bank of Australia.

If you were paying that much on a credit card with an average balance of $2,876, switching to a credit card with an initial balance transfer rate of 0% could save you up to $1,187 over 36 months in based on the offers currently available via Finder.

It can also help make repayments more manageable, because every dollar goes toward paying off the balance (instead of interest charges) during the interest-free period. So here’s our pick of balance transfer deals you can get in March 2022.

How did we choose this month’s lineup?

We selected the March range based on the length of the balance transfer period at 0% per year, annual fees, and other valuable credit card features offered through Finder in March 2022.

A good balance transfer agreement has a long interest offer of 0% per annum, no balance transfer fees, and low or $0 annual fees. We selected the cards available through the Finder with the longest 0% period, then weighed their other characteristics. There’s no one best credit card for everyone, so check out the details that matter to you. (And remember: you may not be eligible for a balance transfer offer from your current credit card issuer or bank.)

Best Long Term Balance Transfer Offer

The Coles Mastercard low rate credit card.

Low Rate Coles Mastercard

  • Balance Transfer Offer: 0% interest per annum for 36 months with no balance transfer fees.
  • Return rate : 19.99% per year
  • Annual subscription : $58.
  • Purchase price: 12.99% per year
  • Eligible debts: You can transfer up to 80% of your approved credit limit from non-Citigroup credit cards or loans.

The Coles Low Rate Mastercard currently offers one of the longest 0% balance transfer offers on the market, giving you 36 months to pay off your existing balance with no interest charges or balance transfer fees.

While some balance transfer offers only allow you to transfer credit card or store card debt, the Coles Low Rate Mastercard also allows you to transfer personal loan balances.

Plus, its $58 annual fee is competitive with other low-rate credit cards.

To give you an idea of ​​the potential savings, if you had an average credit card balance of $2,876 and an average standard interest rate of 19.94%, you would save approximately $1,187 with this balance transfer offer. . This is based on calculations from Finder’s Balance Transfer Calculator, which also factors in annual fees during the 36-month introductory period.

To see how much you can save, simply put your own balance and interest rate in the fields at the top of the balance transfer comparison table.

The Coles Low Rate Mastercard also offers an interest rate of 12.99% per annum on purchases and earns 1 Flybuys point for every $2 spent at Coles supermarkets (in addition to what you earn from Flybuys). Just be aware that interest-free days don’t apply to purchases when you have a balance transfer, so you’ll be immediately charged interest on any new purchases.

It should also be noted that the balance transfer interest rate increases to 19.99% per annum after the introductory period. You’ll generally get more value by paying off what you owe in the short term before making new purchases and using the card’s other features.

To qualify for this balance transfer offer, you will need to apply by March 31, 2022 and include your balance transfer request as part of the application.

To note: We chose the Coles Low Rate Mastercard for March because it has a long 0% balance transfer period, no balance transfer fees, low annual fees and the most savings based on the transfer calculator balance from Finder. If you want to compare this to other long balance transfer offers, there are currently 3 other credit cards in the Finder database that offer 0% interest for 36 months on balance transfers: the Citi Clear credit, the HSBC Platinum credit card and humm90 Mastercard.

Apply – Coles Low Rate

Best balance transfer at 0% per annum and $0 annual fee offer

Kogan Money Black Card – Exclusive Offer

  • Balance Transfer Offer: 0% per annum for 30 months with no balance transfer fees.
  • Return rate : 21.74% per year
  • Annual subscription : $0 (in progress).
  • Purchase price: 20.99% per year
  • Eligible debts: You can transfer up to 80% of your approved credit limit from credit cards, store cards, personal loans and lines of credit issued in Australia.

Exclusive to Finder, this Kogan Money Black Card offer gives you 0% interest on balance transfers for 30 months with no balance transfer fees and no annual fees.

If you’re paying off balances on a few cards or personal loans, you can use this offer to consolidate those, too. Kogan Money allows balance transfers from credit cards, store cards, personal loans and lines of credit if not issued by Citigroup (which is the issuer of Kogan Money, Coles Mastercard, Citi and others).

As a quick example, you could save $1,179 in interest if you transferred the average credit card balance of $2,876 from a card with an interest rate of 19.94%. And if you used this offer to consolidate larger debt of $5,000, you could save $2,050 over the 36-month introductory term.

But after the 0% balance transfer period ends, any amount you still pay will be charged at an interest rate of 21.74% per annum. So if you’re not sure how long you need to pay off your balance, you can use a credit card repayment calculator to help you decide if this offer will work for you.

The Kogan Money Black credit card also earns points per dollar spent on qualifying spend, which you can use to get cash back on purchases on Kogan.com. You won’t get interest-free days on purchases when you have balance transfer debt, so the rewards might be something to look forward to once you clear your balance.

This exclusive offer is valid until May 31, 2022, so to get it you must apply through Finder before then and request your balance transfer within 90 days of approval.

Apply – Kogan Silver Black

Best 0% Balance Transfer and 0% Purchase Rate Offer

Bankwest Breeze Mastercard

Bankwest Breeze Classic Mastercard

  • Balance Transfer Offer: 0% per annum for 15 months with no balance transfer fees.
  • Return rate : 9.90% per year
  • Annual subscription : $0 the first year, then $49.
  • Purchase price: 0% pa for 15 months, then 9.90% pa
  • Eligible debts: You can transfer a minimum of $500 from non-Bankwest-issued credit cards, with a maximum amount of up to 95% of your approved credit limit.

If you have a balance on your credit card but also have upcoming expenses, the Bankwest Breeze Classic Mastercard allows you to save on both, with 0% interest on balance transfers and purchases during the first 15 months. This offer also has no balance transfer fees and an annual fee of $0 in the first year, which increases to $49 per year thereafter.

After the 15-month introductory period, an interest rate of 9.90% per annum applies to purchases and balance transfers. This rate is 10.04 percentage points lower than the average standard credit card interest rate in Australia, making it a competitive low rate option.

This also sets the Bankwest Breeze Classic Mastercard apart from the other balance transfer offers we’ve selected for March, which have much higher interest rates if you still pay off the balance at the end of the introductory period (although you can still save more with a longer interest period of 0% if you take longer than 15 months to pay off what you owe).

Another key feature you can get with Bankwest Breeze is a digital credit card. You can set it up within 24 hours of approval, then add it to your Apple Pay, Google Pay, or Samsung Pay mobile wallet before the plastic card arrives in the mail.

Although Bankwest has not indicated an end date for this offer, it is only available for a limited time. You’ll need to apply while the offer is still available to get 0% interest on balance transfers and purchases for 15 months.

Apply – Bankwest Breeze

Compare these balance transfer offers side by side


This is a selection of credit cards with competitive balance transfer offers available now on Finder. You can compare other balance transfer offers here. Looking for a new credit card, but don’t need a balance transfer? Discover a wider range of credit card offers here.

Images: Finder, Getty Images, provided

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