Skip to main content Skip to main navigation Skip to accessibility page Skip to search input

Credit card balance transfers may be a good way to consolidate credit card debt.

By transferring multiple balances from non-Westpac credit cards or store cards into one low rate credit card you can potentially:

  • Save on credit card interest if you pay the minimum monthly repayment by the due date each month.
  • Avoid paying multiple card interest rates and annual fees
  • Manage your accounts easier with just one statement and monthly payment
  • Take advantage of 0% p.a. interest balance transfer offers to gain some breathing space to pay down the debt without incurring interest (providing you pay at least the minimum monthly repayment by the due date each month).

If you take advantage of a credit card balance transfer offer, you’ll need to be disciplined and put a plan in place to pay off the entire balance during the interest free period. You should also consider cutting up your old credit cards so you don’t end up in more debt.

Frequently asked questions

Is there a maximum transfer amount?
Under what circumstances might a balance transfer request be refused?
Do I have to activate my credit card account first?
Are there any situations when I won't qualify for a special promotion balance transfer rate?
What is the balance transfer revert rate following the promotion period?

Balance transfer offers

Take charge of your finances and you could pay off your credit card balance sooner, thanks to 0% p.a. balance transfer for 12 months on a Low Rate Credit Card, when requested at card application.

  • 0% p.a. on balance transfers for 12 months when requested at card application. Rate then switches to standard variable purchase rate. Calculate how much you could save

  • Annual fee of only $59 - plus $0 annual fee for the first year for Westpac customers^

  • Bank on the go with Westpac Mobile Banking

  • Pay for everyday purchases under $100 with the ease and convenience of contactless technology.

New cards only when you apply before 20th April 2017.

More balance transfer credit card offers

Looking for a rewards credit card? We offer balance transfers across our rewards card range, so you can choose the best credit card for your needs.

New cards only when you apply before 20th April 2017.


Altitude Platinum

Altitude Black

Things you should know

Credit criteria, fees and charges apply. Offers are not available in conjunction with any special offers that are not listed on Switches, upgrades, customers accessing employee benefits or packaged cards are ineligible.

American Express® is a registered trademark of American Express. The Westpac American Express Card is issued by Westpac Banking Corporation pursuant to a license from American Express.

World Mastercard®, Mastercard® and the Mastercard brand mark are registered trademarks, and PayPass is a trademark of Mastercard International Incorporated.

^$0 annual fee in first year for existing Westpac customers promotion: To be eligible for this promotion you must be an existing Westpac customer that applies for a new Low Rate, Altitude, Altitude Platinum or Altitude Black card by clicking on the Westpac customers 'Apply now’ button via between 31st January 2017 and 20th April 2017. The first annual fee will be debited on the 12 month anniversary of the first transaction on your account and annually thereafter on the anniversary of the first annual fee.

Balance transfer promotion: The promotional balance transfer rate is available when you apply for a new Westpac credit card between 31st January 2017 and 20th April 2017 and request at application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. The rates will apply to balance(s) transferred (min $200 up to 95% of your approved available credit limit) for the promotional period, unless the amount is paid off earlier. Card activation will trigger the processing of the balance transfer. The variable purchase rate will apply to balance(s) transferred but left unpaid at the end of the promotional period. 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). The variable purchase interest rate applies to balance transfers requested at any other time. Interest free days don’t apply to balance transfers.