Money reveals the Best-Value Balance Transfer Credit Cards


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A balance transfer deal can be an opportunity to get ahead with outstanding card debt.

A bonus is that where these deals once offered a low rate on balances transferred, many now offer zero interest, often for generous timeframes.

The Bankwest Breeze Classic Mastercard tops the league table among the banks, with 15 months interest-free. You'll need to transfer at least $500 to pocket this deal, and only non-Bankwest cards can be transferred over.

best of the best 2022 best value balance transfer credit cards

Better still, the 15 months interest-free extends to new purchases made on the card, and once this period expires the rate reverts to a low 9.9%.

The Coles Low-Rate Mastercard wins among the non-banks, with 0% interest on balances transferred and new purchases for the first year, and a rate of 12.99% thereafter.

This comes with the bonus of Flybuys points - collect one point for every $2 spent at Coles supermarkets.

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