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Low and 0% Balance Transfer Credit Card Offers

What to Be Aware of with Low Balance Transfers

Have a look at our recommended Balance Transfer Credit Card Offers

Have you ever been sent one of those letters from a credit card company promising you 0% interest on balance transfers over to their card? Well now that customers are taking full advantage of the 0% deals and moving on swiftly to the next card, a number of providers have taken to charging up to 2.75% per transaction.

Another thing to be wary of - some card providers treat your transferred balance as a cash advance, and interest is charged immediately. Others offer low interest rates for the transferred balance but only for a limited time - usually 6 months. The remaining balance after that time will be charged at the card's normal interest rate.

However, if you do transfer a debt over to a card with a low 'honeymoon' rate, you can make some substantial savings. You can also earn yourself some good credit card rewards if you move to credit cards with zero percent balance transfers.

Below is our list of recommended credit cards with 0% balance transfer offers or low balance transfers in Australia.

⁺Interest rates current as at 17/08/07 and subject to change. Terms and conditions available on application. Fees and charges apply. Approval subject to our normal lending criteria.
# On the date the balance transfer rate period ends, the interest rate on the outstanding amount of transferred balances reverts to the variable annual percentage rate applicable to purchases on your credit card account. We reserve the right to revert the balance transfer offer to the standard interest rate applicable to purchases if you contravene the terms and conditions of your credit card account. St.George will not accept balance transfers from other St.George credit cards or overseas financial institutions.
## An additional card is issued to the additional cardholder as the primary cardholder's agent to operate on the credit card account. The primary cardholder is responsible for the use of the additional card and must pay for all credit transactions made by the additional cardholder with their card.
*Interest rates current at 17 August 2007 and subject to change. Terms and conditions available on application. Fees and charges apply. Approval subject to our normal lending criteria.
^ From date of card approval. Only valid for balance transfers from non-Aussie credit and store cards. Balance transfer rate applies only to the balance transferred for six months from the date your card is approved, and then reverts to the standard variable rate applicable for purchases on your card.
Balances that remain unpaid at the end of this period will become subject to the standard variable rate applicable for purchases on your card. Interest accrues on balance transfers from the date the transfers are processed by us. Aussie Credit Cards are provided under agreement by Australia and New Zealand Banking Group Limited ABN 11 005 357 522.
^^The insurance products mentioned are issued by Zurich Australian Insurance Limited ABN 13 000 296 640 which is liable for separate risks insured under the terms of each policy. These insurance products are complimentary and provided free of charge to the cardholder. The cardholder is under no obligation to accept the insurance cover and cover is subject to the conditions, limits and exclusions on cover, which are explained in the policy wording and Product Disclosure Statement (PDS). No St.George Group company has any liability in connection with the insurance products. Policy wording may be obtained by calling 13 33 30 or from the insurance issuer. You should read and consider the policy wording and PDS before making any decision in relation to the insurance products mentioned and whether their coverage is appropriate for you. Information current as at 13 September 2007. St.George Bank Limited, ABN 92 055 513 070 AFS Licence 240997
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