Your browser does not support JavaScript! Pls enable JavaScript and try again.
Balance Transfer Calculator

Credit Card Balance Transfer

Don’t pay high interest rates on credit cards when you don’t have to. You could save on repayments, overall interest rates and additional fees by transferring your balances to a Citi credit card. Take advantage of one of our balance transfer offers by transferring an existing balance from another credit card or store card to your Citi credit card. Please note that no interest free days apply to retail purchases while you have a balance transfer.


  • What is a balance transfer?

    A balance transfer involves transferring the existing balance(s) on your current credit cards, store cards or loans to a new Citi credit card. It can mean big savings by reducing the interest charged on your existing card balance - along with streamlining the number of cards you hold.

    Once your balance has been transferred, be sure to close your old credit card account as this will not occur automatically.

    Take a look at the balance transfer details for each Citi credit card and discover the competitive rates you can enjoy.

  • What balances can be included in a balance transfer?

    Any credit account balances from other financial institutions/stores, such as:

    Visa and Mastercard (all banks)
    Most store cards (e.g. David Jones and Myer)
    Personal Loans
    Lines of credit

  • Is there a fee?

    A balance transfer fee may apply and is usually charged as a percentage of the amount you are transferring.

    For example, if the balance transfer fee is 1.5% and the balance you are transferring is $500, then the payable fee would be $7.50.

    Check the product information and see if a balance transfer fee applies.

  • How do I make balance transfer?

    You can apply for a balance transfer when you complete an application for a Citi credit card. You can complete an application online or call us on 13 24 84 and we can submit an application on your behalf.

  • What is the maximum amount I can transfer?

    A minimum of $500 applies per request. You can transfer as much of the balance from your other credit card, store card, personal loan or line of credit as you like, provided the amount is no more than 80% of the available credit limit on your Citi credit card. For example, if you are approved for a $10,000 credit limit, you can Balance Transfer $8,000. The credit limit is subject to our credit criteria.

Compare credit cards and choose one that's right for you.


Products You Might Like


Travel and Reward Credit Cards

Learn More


Balance Transfer Credit Cards

Learn More


Low rate Credit Cards

Learn More

Things you should know

Fees and charges apply. Terms and conditions apply and are available upon request. Credit criteria apply. To obtain a copy of the Target Market Determination (TMD) related to this product, click here.

* Estimated savings assume minimum payment is made by the payment due date each month with no other transactions made during the promotional period and the entire balance is paid at the expiration of the promotional period. Estimated savings include annual fees for the promotional period and balance transferred fee if applicable. It excludes any other fees and charges and interest accrued at the standard interest rate. Your personal circumstances may differ.

  1. Your total balance transfers may not exceed 80% of your credit limit. The 0% p.a. interest rate applies to balances transferred within 90 days from card approval for the advertised promotional period. The promotional period commences once the balance transfer is processed. At the end of the balance transfer period, the interest rate on any outstanding transferred balance will revert to the variable Annual Percentage Rate for Cash Advances, currently 22.24% p.a. This offer excludes balances transferred from Citibank unsecured credit products. Please note you will not be entitled to any interest free days on retail purchases whilst you have a balance transfer. This means that all spend will be charged interest at the applicable annual percentage rate. For important information to consider before taking up a balance transfer, please click here. Citi Simplicity offer valid until 28 April 2022. Citi Clear offer valid until 28 April 2022. Post these advertised end dates; Citi reserves the right to continue, withdraw or change the offer at any time without notice.

˅ Show more