Balance transfer calculator
You could save on interest charges on hire purchases, store cards, or another bank's credit card or personal loan debts if you transfer them to a Westpac credit card account.
This calculation is a guide only and assumes no other transactions are made apart from minimum monthly payments of 2% of the total debt or $5, whichever is greater. If you do make new purchases or cash advances on the card, both will incur the applicable standard interest rates from the date the transaction is made (with no interest free days), until after the balance transferred and interest is paid off.
View terms & conditions
Applying for a Balance Transfer is easy, first you'll need a Westpac credit card. Already have a Westpac credit card?
Print and complete our , then freepost it back to us. Or drop into your nearest local branch to apply. balance transfer form Don't have a Westpac credit card?
If you are already a Westpac customer, apply for a credit card in . Westpac One® online banking
If you are new to Westpac, apply for a credit card below and complete the balance transfer section under 'Debt and Expenses' to transfer your balance.
Apply for a credit card Balance Transfers - Things you need to know
This calculator is a guide only and indicates possible approximate savings over the periods specified. Please note the current monthly Westpac credit card minimum payment requirement is 2% of the total debt or $5, whichever is greater. The calculations are made assuming (a) the balance transfer is made on the first day of the first month and subsequent payments are made on the last day of each following month and (b) no other transactions are made during the period specified. Interest accrues on the daily balance. Interest charge calculation methodology and rounding may differ slightly from actual credit card account calculations. The calculated savings are provided for illustrative purposes only and are based on the accuracy of the information entered. The information provided does not constitute a quote or offer by Westpac and does not take into account your personal financial situation or goals.
Balances may be transferred from New Zealand Visa, Mastercard, American Express (Centurion Finance) and Diners Club cards. Balances may also be transferred from other financial organisations at Westpac's discretion, including but not limited to hire purchase accounts, store cards, and personal loans from other banks. You cannot transfer a balance from a Westpac card or loan. You are responsible for any residual interest charges or late transaction fees.
You can transfer up to 95% of your available credit card limit. Balances cannot be transferred to a Mastercard BusinessCard/Purchasing Card.
The balance transfer is subject to Westpac approval and Westpac has the right to refuse any transfers.