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Balance Transfer Credit Cards with Rewards
Compare 34 balance transfer credit cards with rewards from 12 banks. Review your choices then apply online.
Like the sound of saving money with a balance transfer and earning points when you use your new card to buy with? We’ve collated the best of both worlds in this collection of balance transfer credit cards with rewards points. If you want to transfer a balance to a new card, pay it off and then use the card to make purchases, these this curated range is worth checking out!
Refine your choices
| Credit Card Offer | Purchase Rate (p.a.) | Balance Transfer (p.a.) | Annual Fee | Apply now | |||
|---|---|---|---|---|---|---|---|
| rate | period | ||||||
 | Westpac 55 Day Platinum Credit Card $0 Annual Fee 1st year. 1.9% pa. for 12 months on purchases. Apply before 2nd July 2012. | 1.9% for 12 months then 19.59% | 3.99% | 6 months | $0 | Featured Cardmore info | |
 | Virgin Flyer Credit Card 1.9% for 12 months on balance transfers. 4 complimentary flights per year. Earn Velocity Pts. | 20.99% | 1.9% | 12 months | $50 | Editor's Choicemore info | |
 | ANZ Platinum Credit Card Platinum rewards. 0% balance transfers & purchases for 6 months. Apply before 12 June 2012 | 0% for 6 months then 19.39% | 0% | 6 months | $0 | Editor's Choicemore info | |
 | Citibank Clear Platinum Credit Card 0% for 6 months on balance transfers. Platinum rewards. 1/2 price annual fee 1st year. | 0% for 6 months then 11.99% | 0% | 6 months | $49 | Editor's Choicemore info | |
 | BankSA Vertigo Credit Card Low interest rates on balance transfers & purchases. | 13.24% | 0.99% | 6 months | $55 | ||
 | Bankwest Breeze MasterCard Low ongoing interest credit card & cheap annual fee. 0% on purchases for 6 months until 31 May 2012. | 0% for 6 months then 10.99% | 4.99% | 9 months | $49 | ||
 | BP-Citibank Credit Card How about 10% cash back on petrol at BP? And 0.5% cash back on everything else. | 20.89% | 0% | 6 months | $89 | ||
 | HSBC Credit Card No annual fee. 0% on balance transfers for 8 months. Access to offers, discounts and benefits. | 17.99% | 0% | 8 months | $0 | ||
 | HSBC Platinum Credit Card Platinum privileges. 0% on balance transfers for 6 months. No annual fee for 1st year. | 19.99% | 0% | 6 months | $0 | ||
 | HSBC Platinum Qantas Credit Card Get 20,000 bonus QFF points. Earn up to 2 Qantas Frequent Flyer points per $1. | 20.99% | 0% | 6 months | $199 | ||
The Best of Both World’s: Low Interest and Rewards!
Yes, it is possible to find a reward points card that also has a decent balance transfer offer. While this particular type of card generally will not have the lowest possible interest rate or the longest balance transfer period, they will reward you if you use the card to spend with.
More Details on How to Choose the Card For You
Q: Who are these credit cards best suited for? Typically the best practice when dealing with balance transfers is to avoid spending on the new card at all costs as additional spending is charged at the standard purchase rate. It is true that there are some cards with promotional interest rates on both balance transfer and purchases, but even then the emphasis remains on paying off your balance. These rewards balance transfer offers are best suited to someone who has a small outstanding debt to pay back and intends to do so quickly. Once the debt has been cleared you can then use the card to spend within your means in order to earn rewards and pay it off in full every month.
Q: What kind of rewards are available? A: A variety of rewards can be earned. You can be rewarded with frequent flyer points (linked to various loyalty programs), cash back, travel insurance, shopping vouchers, hotel stays and purchase protection among other types of rewards.
Q: What’s the difference between these and other reward credit cards? A: In short, there’s no really obvious difference. The main point of difference is that some rewards cards do not have a balance transfer offer as they are geared towards people who can pay off the balance in full each month. Also, while most credit cards have a balance transfer facility, quite a lot of them have no rewards program in place. This hand picked range have both rewards and the ability to transfer a balance to them.
Q: What is the main benefit of a rewards balance transfer card? A: You get the best of both worlds. You can transfer your existing balance and pay less interest on it and then when you’ve got it paid off, start using the card to buy things with and earn rewards.
Q: Where are the American Express offers? There are some American Express branded balance transfer cards with rewards, but we do not have any American Express credit card offers with a balance transfer facility.
Q: Does the balance transferred earn rewards? A: In an ideal world, it would. However, balance transfers do not earn rewards.
Live Stats on Credit Cards for 17/05/2012
- 113credit cards are ready for comparison and secure application
- 17.17%is the average interest rate on purchases
- $95is the average annual fee of any card in the market
- 3.04%is the average balance transfer rate available
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