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Credit card balance transfer

A Balance Transfer can be a great way to consolidate your credit card debts to help you feel more in control. 

Check out our Balance Transfer offers for some added benefits such as promotional interest rates on the transferred balance (applies to transfers of Australian, non-ANZ credit and store card debts only).disclaimer

See balance transfer offers

What is a credit card balance transfer?

A 'Credit card balance transfer' is when you transfer the balance of one or more credit cards or store cards onto another credit card.

Often, a promotional interest rate is applied to the transferred balance, as part of a balance transfer offer. However, this promotional interest rate usually only applies for a limited period of time before it reverts to a ‘standard’ balance transfer interest rate. As promotional balance transfer offers vary, remember to read all the details before proceeding.

Balance transfer offers

existing card offer

0% p.a.

Balance Transfer rate for an 18-month promotional period

on transfers from non-ANZ store or credit cards to your existing ANZ credit carddisclaimerwith a 3% Balance Transfer Fee

Get started

  • Offer applies to any existing ANZ credit card
  • Simple transfer form, using promo code: BT200

Reverts to the standard balance transfer rate, currently   after 18 months. Existing customers only. T&Cs and eligibility criteria apply. The standard balance transfer rate of is current as at today's date and is subject to change.

If the promo code is not included in the application form, then the standard balance transfer rate may apply.

New card offer

0% p.a.

Balance Transfer rate for a 28-month promotional period

on transfers from non-ANZ store or credit cards to a new ANZ Low Rate credit carddisclaimer

Learn more

  • $0 annual fee in the first yeardisclaimer
  • 3% balance transfer feedisclaimer
  • Simple online application process

28-month promotional period starts when we issue a Letter of Offer, not when the Balance Transfer is processed (usually 3-15 business days after card activation). Rate reverts to standard BT rate at the end of the promotional period, currently disclaimer T&Cs, eligibility criteria, fees and charges apply (including an annual fee, $0 for the first year, currently $58 thereafter).

See all card offers

Why choose a credit card balance transfer?

Combined debts. Combined repayments.

You could bring together your outstanding balances from non-ANZ credit or store cards into one regular repayment.disclaimer

Save on fees

You could save on future fees with your existing cards by consolidating your debts using a Balance Transfer. A Balance Transfer fee may apply.disclaimer

We'll do the heavy lifting

Once approved, we'll do the rest to complete the Balance Transfer for you. 

How an ANZ credit card balance transfer works

Get started and apply

Once you've decided on whether a credit card balance transfer is right for you,  calculate the amounts you plan to transfer and complete your application to get things moving. 

Funds are transferred

If approved, it will usually take 3-15 business days for the funds to be processed. If the balance transfer is to a new credit card, you'll need to activate your new card before the balance transfer can be processed.

Manage your repayments

Refer to your statement for repayment amounts and due dates. It’s good to make a plan to achieve your goals and keep in mind, any remaining transferred balance reverts to the standard balance transfer rate once the promotional period has ended.

 

important

A promotional interest rate will generally only apply to the transferred balance, not other transactions.  

For any new purchases, you'll need to pay the Closing Balance (or if applicable, 'Adjusted Closing Balance') by the statement Due Date to retain any relevant interest free days. 

More about interest free days

Things to consider

important

Making more than the minimum repayment

If your goal is to pay off your full Balance Transfer amount within the promotional period, or as much as possible, then you should consider paying more than the Minimum Monthly Payment (as shown on your credit card statement). It's good to do the sums and work out how much extra you can afford to pay. Consider setting up automatic repayments for your credit card, such as Card Pay Direct.

important

Promotional periods are for a limited time

After the promotional period ends, the standard balance transfer rate will apply to any transferred balance that remains.  So the bigger the balance remaining, the more interest you might pay.disclaimer

This is why it's a good idea to work out how much you would need to pay each month to clear or reduce the debt within the promotional period.

important

Closing your old credit card(s)

Continue to make payments to your non-ANZ account(s) while the balance transfer application is being processed and once complete if you do not close those cards. A Balance Transfer will not automatically close your existing cards. Once the transfer is complete, you may still have to pay fees or charges on those cards, depending on the terms and conditions that apply. You could consider cancelling your old cards.

important

Use your credit cards wisely

Before you start making purchases on a balance transfer card, it’s important to be aware of the interest rate that will apply to new purchases and cash advances during the promotional period. Depending on the offer and the card, purchases and cash advances are usually charged at a higher interest rate than the promotional rate that may apply to your transferred balance during the promotional period.disclaimer

Apply for a balance transfer offer

Before you get started...

You'll need your other card's details handy, including:

  • the other account issuer's name
  • card type
  • account number
  • BPAY® biller code (if available)
  • amount to be transferred

ANZ will only be able to facilitate a Balance Transfer if your bank or financial institution accepts BPAY or cheque payment.

Please ensure the information you provide is accurate, as otherwise the Balance Transfer may not work or you could end up transferring a balance from an incorrect account.

Existing card offer

1. Check your card limit

Before you request your Balance Transfer, it's good to check that you have available limit on your card to cover the amount being transferred. 

2. Request a Balance Transfer

Choose the Balance Transfer offer for existing cards above and complete the Balance Transfer application form using promo code: BT200.  If the promo code is not included in the application form, then the standard Balance Transfer rate may apply.

3. Funds are transferred

The Balance Transfer(s) will be processed automatically (usually within 3-15 business days). We may contact you to verify any details. 

New card offer

1. Apply

Choose the new card Balance Transfer offer above and complete the Balance Transfer section on your credit card application.  If your application is approved, you'll also need to complete steps to verify your identity. The promotional period will then commence from the date of the Letter of Offer. 

2. Activate your card

If approved, you'll receive your new card with instructions to activate and set a PIN. 

3. Funds are transferred

Following your card activation, the balance transfer(s) will be processed automatically (usually within 3-15 business days). We may contact you to verify any details.

Featured video

Balance Transfer tips

Brush up on Balance Transfers before you make a decision about a promotional balance transfer offer. Dig into these helpful tips.

Creducation - Balance Transfers

Welcome to ANZ Creducation. An online educational series about credit cards.

Today, we’re taking a little look at Balance Transfers.

It can be easy to get lost in the weeds when it comes to balance transfers. So let’s dig in…

A balance transfer can be used as a way to consolidate credit card debt by transferring the balance from one credit card to another.

If you do decide to make a balance transfer, you might want to consider closing any other unneeded credit cards ASAP. This way you can resist the temptation to use them.

Here are a few things to look out for with promotional balance transfers.

Some let you pay a lower or zero percent interest rate on the transferred balance.

But this rate usually doesn’t last forever.

After the promotional period is finished, interest is typically charged on what’s left of the transferred balance. This can be at a higher rate.

If you choose to use the card you’ve transferred a balance to, be aware that if you don’t qualify for Interest Free Days on new purchases, those purchases can attract interest at a rate that’s higher than the promotional rate.

A promotional interest rate typically only applies to the transferred balance, not other transactions. Which may attract interest at a higher rate.

Remembering this may help you avoid your balance growing bigger.

So, in short, remember… Consider closing any unneeded credit cards you might be tempted to use.

Be aware that the promotional interest rates usually have a time limit.

If you choose to use the card you’ve transferred a balance to, be aware that if you don’t qualify for Interest Free Days on new purchases, those purchases can attract interest at a rate that’s higher than the promotional rate.

So, there you have it. A few tips that hopefully help you flourish when it comes to promotional balance transfers.

Make sure you check out the full series online for more Creducation.

Your questions answered

You may need to pay a one-off Balance Transfer Fee when you take up a promotional balance transfer offer.disclaimer Check the terms of your promotional offer to find out if a Balance Transfer Fee applies.

Where applicable, a Balance Transfer Fee is usually calculated as a percentage of the balance being transferred to your ANZ Credit Card Account.disclaimer When this fee applies, it’ll be identified in the terms and conditions relating to the promotional balance transfer offer.

No. Once ANZ has paid or part-paid the balance on your other card account(s), it's your choice whether you close that card account(s). Remember, the original account(s) will stay open until you arrange its closure with your other bank, financial institution or relevant store.

No, you will not earn Reward Points or Qantas Points on balances transferred.

If you have a credit card that offers interest free periods on purchases, these interest free days only apply if you’ve paid off your Closing Balance (or if applicable, your ‘Adjusted Closing Balance’) in full by the Due Date. Your Adjusted Closing Balance is calculated as your Closing Balance less the sum of any relevant Promotional Plan balances that relate to an Instalment Plan, a Buy Now Pay Later plan, or a Promotional Balance Transfer Plan, plus any instalments due (including instalments previously due which have not yet been paid). If you haven’t paid off your Closing Balance (or if applicable, your ‘Adjusted Closing Balance’) in full by the Due Date you’ll be charged interest on purchases.disclaimer

 

There can be a number of reasons for a Balance Transfer request or application to be declined. These include:

  • If the Balance Transfer amount is less than $100 in total
  • Where the Balance Transfer is from another ANZ credit card account
  • If the credit card(s) you're transferring from is issued outside Australia
  • If your bank doesn't accept the transfer.

For Balance Transfers to an existing ANZ card:

  • Where your card has reached 95% or more of the available credit limit balance
  • If you are in default on any existing ANZ credit card account or if the other account named in your application is in default at the time the application is received.
  • If the total balance transfer amount is 95% or more of your available funds at the time or is more than $30,000.
  • If processing your Balance Transfer means your card has reached 95% or more of your available credit limit, we won't be able to process the full amount (we may, however, be able to process part of the balance).

Please read the terms and conditions below before completing your request for a Balance Transfer on your existing ANZ credit card.

Use promo code: BT200

Request a Balance Transfer

Balance Transfer Terms and Conditions

This offer applies to existing ANZ credit cards only.

The offer is for a Promotional Plan balance transfer of 0% p.a.  for 18 months, with a 3% Balance Transfer Fee. The balance transfer amount will be charged interest at the Promotional Plan annual percentage interest rate from the date the balance transfer is processed. At the end of the Promotional Plan period, the standard annual percentage rate for balance transfers will apply to any unpaid Promotional Plan balance. Payments to your account are applied in accordance with the ANZ Credit Cards Conditions of Use (PDF).

ANZ accepts balance transfers of $100 or more from certain non-ANZ accounts (for example, a credit, charge or store card account). 

ANZ cannot accept a balance transfer:

  • from other ANZ credit card accounts
  • from credit cards issued outside Australia
  • if the balance of your card has reached 95% or more of the available credit limit balance
  • if you are in default on any existing ANZ credit card account or if the other account named in your application is in default at the time the application is received.

The maximum total balance transfer amount, including any applicable fees, is 95% of your available credit limit at the time the balance transfer is processed, or $30,000, whichever is lower. If processing your balance transfer means your card has reached 95% or more of your available credit limit, we won't be able to process the full amount (we may, however, be able to process part of the balance). 

Payments to your nominated account(s) can take between 3 and 15 business days depending on the institution(s) to which the payments are being made.

You must continue to make payments to the nominated account(s) while the balance transfer application is being processed and toward any remaining balance once the transfer is complete. You will also need to keep paying off any remaining non-ANZ account balance(s) once the transfer is complete. Performing a balance transfer does not close your account(s) at other financial institutions.

This is a limited-time only offer which may be withdrawn or changed at any time without notice. Offer available in respect of balances transferred from non-ANZ credit and store card accounts only. Not available in respect of balances transferred from an existing ANZ account. 

The standard annual percentage interest rate is   on cash advances and  on standard balance transfers as at today's date and is subject to change.

For details about all applicable fees and charges, please refer to your Letter of Offer, ANZ Credit Cards Conditions of Use (PDF), ANZ Personal Banking Account Fees and Charges (PDF).

  

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Important information

Applications for credit are subject to ANZ’s credit approval criteria. Terms and conditions, and fees and charges apply. Australian credit licence number 234527.

We may provide you with links to general articles and tools that may help you but any advice does not take into account your objectives, personal needs and financial circumstances and does not constitute financial advice or a recommendation. Before considering if any product is right for you, you should take into account your personal needs and financial circumstances and consider whether it is appropriate for you.

Applies to transfers of $100 or more from eligible non-ANZ Australian credit and store card debts only. ANZ cannot accept a transfer if the balance of your card has reached 95% or more of the available credit limit balance, if you are in default on any existing ANZ credit card account or if the other account named in your application is in default at the time the application is received.

Return

This offer applies to existing ANZ credit cards only.

The offer is for a Promotional Plan balance transfer of 0% p.a.  for 18 months, with a 3% Balance Transfer Fee. The balance transfer amount will be charged interest at the Promotional Plan annual percentage interest rate from the date the balance transfer is processed. At the end of the Promotional Plan period, the standard annual percentage rate for balance transfers will apply to any unpaid Promotional Plan balance. Payments to your account are applied in accordance with the ANZ Credit Cards Conditions of Use (PDF).

ANZ accepts balance transfers of $100 or more from certain non-ANZ accounts (for example, a credit, charge or store card account). 

ANZ cannot accept a balance transfer:

  • from other ANZ credit card accounts
  • from credit cards issued outside Australia
  • if the balance of your card has reached 95% or more of the available credit limit balance
  • if you are in default on any existing ANZ credit card account or if the other account named in your application is in default at the time the application is received.

The maximum total balance transfer amount, including any applicable fees, is 95% of your available credit limit at the time the balance transfer is processed, or $30,000, whichever is lower. If processing your balance transfer means your card has reached 95% or more of your available credit limit, we won't be able to process the full amount (we may, however, be able to process part of the balance). 

Payments to your nominated account(s) can take between 3 and 15 business days depending on the institution(s) to which the payments are being made.

You must continue to make payments to the nominated account(s) while the balance transfer application is being processed and toward any remaining balance once the transfer is complete. You will also need to keep paying off any remaining non-ANZ account balance(s) once the transfer is complete. Performing a balance transfer does not close your account(s) at other financial institutions.

This is a limited-time only offer which may be withdrawn or changed at any time without notice. Offer available in respect of balances transferred from non-ANZ credit and store card accounts only. Not available in respect of balances transferred from an existing ANZ account. 

The standard annual percentage interest rate is   on cash advances and  on standard balance transfers as at today's date and is subject to change.

For details about all applicable fees and charges, please refer to your Letter of Offer, ANZ Credit Cards Conditions of Use (PDF), ANZ Personal Banking Account Fees and Charges (PDF).

Return

Applications for credit are subject to ANZ’s eligibility and credit approval criteria. Offer is for new and approved credit card applicants and is limited to one offer per applicant. ANZ may vary or end this offer at any time without notice.

Offer available in respect of balance transfers requested from Australian non-ANZ credit and store cards only at the time of applying for the new ANZ credit card. ANZ will process the balance transfer requested and any applicable fees up to 95% of your approved credit limit. Depending on the credit limit we approve, this might be less than the full amount of the amount of balance transfer you request when you apply.

The balance transfer Promotional Plan annual percentage rate expires 28 months after the date the credit card application is approved, which is the date of your Letter of Offer, and after the first 28 months the standard balance transfer annual percentage rate will apply to any unpaid Promotional Plan balance. A balance transfer can take between 3-15 business days to process once your card has been activated. The standard balance transfers annual percentage rate is currently for ANZ Low Rate Card, and is subject to change. Terms and conditions apply to balance transfers. Payments to your account are applied in accordance with the ANZ Credit Cards Conditions of Use (PDF).

See the ANZ Credit Card Conditions of Use (PDF) and the ANZ Consumer Credit Cards Fees and Charges (PDF) for more information about fees and charges. If you transfer to a different credit card account this offer will cease to apply.

The Balance Transfer Fee (which is a Specific Fee on the credit card account) is 3% of the balance transferred and will be applied at the time the balance is transferred and forms part of the Promotional Plan balance.

After the first year an annual fee applies, currently $58. Please see the ANZ Consumer Credit Cards Fees and Charges (PDF) and ANZ Credit Cards Conditions of Use (PDF).

Return

The Balance Transfer Fee (which is a Specific Fee on the Credit Card Account) will be calculated as a percentage of the balance being transferred to your ANZ Credit Card Account. The Balance Transfer Fee will be applied at the time the balance is transferred and forms part of the Promotional Plan balance. 

Return

Interest and other fees and charges payable by specific individuals will depend on how the account is used and the T&Cs, interest, fees and charges that apply.

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Payments to your account are applied in the order set out in the ANZ Credit Card Conditions Of Use (PDF).

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