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

 

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