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What is a credit card balance transfer?

At Westpac, a credit card balance transfer involves moving existing balances from up to 3 store or credit cards held with another financial institution to one of our credit cards. It can help cardholders consolidate their debt, take advantage of a balance transfer offer and access interest-free days on purchases.

Our Low Rate card balance transfer offer

0% p.a. for 28 months balance transfers **

When requested at card application. 2% balance transfer fee applies. After 28 months, the rate reverts to the variable cash advance rate.

Benefits of a credit card balance transfer

Save on interest

Pay less interest over the offer period on the amount transferred.

Minimise fees

Avoid paying multiple card fees when you consolidate your debts into one card.

Simplify finances

Keep track of only one credit card bill when you consolidate debts or balances.

How a Westpac balance transfer works

With a Westpac credit card balance transfer, you can:

  • Consolidate up to 3 non-Westpac Australian credit, charge or store cards.
  • Transfer up to 80% of the credit limit available on the Westpac card you’re transferring to (minimum transfer of $200).

Get started

Gather your details

Have your existing credit card details and the amount to transfer handy.

Apply online

Include the details in your application for a Westpac balance transfer credit card.

Activate your card

Any approved balance transfers will occur once your card is activated.

Key points

  • Westpac will not cancel your other cards. If your aim is to pay down your balances, it may be helpful to cancel your old cards once the balance transfer is complete so you don't use them to accrue more debt.
  • A minimum payment is required each month.
  • When the balance transfer period ends, the cash advance rate will apply to any outstanding balance transfer amount.
  • Refer to the interest rates, fees and other information  that apply to the Westpac balance transfer credit card you choose.

Learn more about doing a balance transfer to a Westpac credit card.

Frequently asked questions

A­­­­re there balance transfer fees?

Depending on the card and offer, there may be a one-off balance transfer fee that's charged to your new credit card account. If there is a balance transfer fee, it’ll be charged on the same day any balances are debited to your account. Keep in mind that some balance transfer offers don’t charge a balance transfer fee at all.

What if I don't repay my transferred balances by the end of the offer period?

At the end of the credit card's promotional period, any remaining balance transferred amount that you’ve not repaid will be charged interest at the variable cash advance rate of your card.

Will I get interest-free days if I use my card?

If your card interest-free days on purchases, you will still benefit from these if you choose to have a balance transfer balance on the account.

Keep exploring

What is a credit card balance transfer?

Comparing balance transfer offers and reading the fine print.

Make the most of a balance transfer offer

Use your new balance transfer card to your advantage.

6 steps to manage credit card debt

A handy guide to help you pay off your credit card.

Things you should know

Credit criteria, fees and charges apply. Credit Card Product Switches, upgrades or Westpac group staff are ineligible.

This promotion may be varied or withdrawn at any time and is not available in conjunction with any other promotion.

Be credit savvy: Before applying, consider a realistic credit limit and check all conditions, interest rates, fees and charges on your selected card.

**Low Rate Balance Transfer promotion: This offer is available when you apply for a new Low Rate credit card between 28th February 2024 and 31st July 2024, and request at card application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. Your current credit card issuer must accept BPAY payments to be eligible, you can check your credit card statement for payment options. The promotional rate will apply to balance(s) transferred (min $200 up to 80% of your approved available credit limit) for the promotional period. Activating your card triggers the processing of the balance transfer. A balance transfer fee of 2% of the transferred balance(s) will apply to balance(s) transferred to the Westpac Low Rate credit card. The balance transfer fee will be charged to the card account on the same day the balance(s) are debited to the account. The applicable variable cash advance rate will apply to any unpaid balance transfer amount remaining at the end of the promotional period unless the amount is paid off earlier. Westpac will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the account(s). If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the 'Monthly Payment Balance' listed on your statement of account (not the full closing balance) by the relevant payment due date. These promotional offers are not available if you apply under the Westpac Premier Advantage Package. Credit Card Product Switches, upgrades or Westpac group staff are ineligible for this offer.

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BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.