How balance transfers work

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Updated 13 Feb 2023

Balance transfers are an effective way to manage credit card debt by transferring the outstanding balance from one or multiple cards to a new credit card with a lower interest rate. This enables you to save money on interest and pay off your debt more quickly.

What would you like to compare?

Credit card balance transfer comparisons

Not sure how it works?

Credit card balance transfer basics

Rules for existing and new customers

How balance transfers work between different banks

Still not sure?

Common balance transfer questions

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