Credit Card Compare Support

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Does a balance transfer affect your credit score?

For existing customers, transferring a balance to a current card typically has no impact. Since you’re not applying for new credit or increasing your overall debt, just relocating it, no new credit e…...

How long does it take to process a balance transfer?

Each bank and issuer varies, but on average it can take a few days to two weeks. Some banks might be quicker for existing customers. Keep paying your original card in the meantime to avoid late payme…...

Can I transfer a balance from another card with the same bank?

No, you can’t transfer a balance between two cards from the same bank. It’s only allowed from a different bank’s card. For example, moving debt from a CommBank card to an ANZ one, but not between two…...

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