Balance transfer

Whether it’s an outstanding balance on hire purchases, store cards, another bank’s credit card or a personal loan, you’ll only pay 5.95% for the life of the balance(s) transferred^{^}.

This rate is available on Westpac credit cards^{^} - including our Low Rate, Airpoints™ and hotpoints® credit cards.

How to apply for a balance transfer

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 balance transfer form, then freepost it back to us. Or drop into your nearest local branch to apply.

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

Learn more about our range of credit cards by clicking below.

Airpoints™
credit cards

hotpoints®
credit cards

Low Rate
Mastercard®

Low Rate Mastercard®

Things you need to know

	How much you could save Calculate what you could save by transferring your outstanding balance to a Westpac credit card using our Balance Transfer Calculator.
	Repayments Repayments made will go towards paying off fees and interest first followed by balances transferred onto the card. Once the transferred balance is paid off in full, repayments will then go towards paying off purchases and cash advances. Each month you need to make at least the minimum repayment towards your transferred balance, which is the greater of $5 or 2% of your closing balance. If you make new purchases or cash advances on the card and if on the balance transferred you still have an outstanding balance, you will incur interest on new purchases and cash advances.
	New purchases and cash advances You can make new purchases and cash advances on the credit card you transfer an outstanding balance to. Both will incur the current standard interest rates from the date the transaction is made with no interest free days, until the balance transferred and interest is paid off.
	Making payments If you haven’t already, register for Westpac One online banking so you can easily manage your credit card on any device, at any time! Find out more about Westpac One.
	Processing your application If you’re an existing Westpac credit card customer, your balance transfer application will take 5 working days to process. If you’re applying for a Westpac credit card and a balance transfer, your application will take 10 working days to process. Applications are subject to lending criteria.
	More questions? Email us, or give us a call on 0800 888 111 between 7am and 11pm.

View Terms and Conditions

^ Rate will apply to balance(s) transferred until that balance(s) is paid off. Balance Transfer Terms and Conditions and lending criteria apply. All applications are subject to Westpac approval. You cannot transfer a balance from a Westpac card or loan. Payments made to your Westpac credit card will be applied against balance transfers (until paid in full) before cash advances and new purchases, but after charges and interest that have accrued. Interest rates and fees are current as at 17 July 2018 and are subject to change without notice.. All new purchases, cash advances and any unpaid interest or fees will incur interest at the standard interest rate in accordance with the card's Conditions of Use. You can transfer up to 95% of your available credit card limit. Balances cannot be transferred to a Mastercard® BusinessCard/Purchasing Card. Balance transfers do not earn Airpoints Dollars™ or hotpoints®.

Payments made to your Westpac credit card will be applied against balance transfers (until paid in full) before cash advances and new purchases, but after charges and interest that have accrued. Interest rates shown are current as at 17 July 2018 and are subject to change without notice.

Mastercard is a registered trade mark and the circles design is a trade mark of Mastercard International Incorporated.

Balance transfer

Already have a Westpac credit card?

Don't have a Westpac credit card?

Making payments

Processing your application

More questions?