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.

credit cards

760x380 cc ap platinum mastercard

credit cards

780x380 cc platinum mastercard

Low Rate

Low Rate Mastercard®

Things you need to know
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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.

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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.

cc hp merchandise

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.

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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.

  apply online
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.