Nila Sweeney

Your Money Magazine compared 107 credit cards with balance transfer offers using 10 balance and repayment scenarios. The comparison assumes the goal of transferring a balance is to reduce it to zero as quickly and as cheaply as possible.

The Winners:

GOLD MEDAL WINNER

 

GE MONEY COLES GROUP SOURCE MASTERCARD

 

Rate 0%
Low-interest for 6 months
Annual fee $0 

SILVER MEDAL WINNER

 

WESTPAC 55 DAY VISA/ MASTERCARD

 

Rate 1%
Low-interest for 9 months
Annual fee $0 

BRONZE MEDAL WINNER
(joint winners)

 

ANZ LOW RATE MASTERCARD

 

Rate 2.9%
Low-interest for 18 months
Annual fee $58

BRONZE MEDAL WINNER
(joint winners)

 

CUA REWARDS SILVER

 

Rate 4.9%
Low-interest for 24 months
Annual fee $45

 

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now