Balance transfers

1. You could save money on interest payments when you transfer your balance of a non St.George or St.George credit card to a St.George credit card that has a lower interest rate
   
   
2. You may also be able to reduce your credit card debt faster by moving outstanding balances from a non St.George or BankSA credit card to a St.George credit card that has a lower interest rate
   
   
3. You can manage your money easier by consolidating your multiple credit card balances into one card. This can be can improve how you track your credit card debt
   
   
4. Having less cards could reduce annual fees you pay and you having to manage multiple payment due dates.

Check out our balance transfer calculator to find out how much interest you could save when you transfer your balance from another credit (non St.George credit card), charge or store card to a lower interest rate St.George credit card.

If you are opening an account with St.George for the first time, you can request a balance transfer when you apply for your credit card and St.George will arrange to transfer the balance for you. Note that you must activate your St.George card for the balance transfer to take place.

If you take advantage of a promotional balance transfer rate offer, the period starts when the balance is transferred. The cash advance rate will apply to balance(s) transferred but left unpaid at the end of the promotional period. Review current Balance Transfer offers.

Yes. Existing St.George credit card customers can request a balance transfer from another store, charge or non-St.George, non-Bank SA and non-Bank of Melbourne credit card to their existing St.George credit card account. Balance(s) transferred will be at the special balance transfer rate of 2.99% p.a. for 15 months. Rate then switches to cash advance rate.

You can transfer up to two balances from another store or credit card to your St.George credit card provided you meet the minimum requirements for balance transfers.

To apply to transfer a balance to your existing St.George credit card, simply complete the balance transfer request form and send it back to us.

You can also request a balance transfer through Internet Banking. Once logged in, select “Transfer & payments” and then select “Pay out a credit card held with another bank.” You can also arrange this over the phone by calling 13 33 30.

No, because a balance transfer is not the same as transferring funds between accounts or changing accounts. If you hold more than one St.George credit card, you can make credit card payments between your credit cards using your normal methods of credit card repayments. This is not the same as a balance transfer.

Please allow up to 14 days for St.George to complete the balance transfer request.

If you are a new customer, the balance transfer request will only be processed after you complete the identification check at a St.George branch (unless you have previously done so) and activate your card. Please remember to continue to meet your repayment obligations on your other credit, charge or store card until your balance has been transferred.

A minimum of $200 applies per transfer request. You can transfer as much of the other credit or store card balance as you would like, up to 80% of the available credit limit of your new St.George credit card.

Before applying for a balance transfer, check your available credit limit on your St.George card.

If you want to increase your credit limit on your St.George credit card to pay off your other store, charge or credit card, you can apply to increase your card limit. Approval is subject to St.George’s normal credit criteria.

Balance transfer requests will not be accepted:

1. From another Bank of Melbourne, St.George or BankSA credit card
2. If the transfer amount is from a credit card not issued in Australia
3. If the transfer amount is less than $200
4. If the transfer amount will be more than 80% of your available credit limit
5. If your card account is not in good order.

Yes. If you are entitled to interest free days on purchases, you only need to pay off the 'Monthly Payment Balance' listed on your statement of account (not the full closing balance) by the relevant payment due date.

St.George will not cancel your other Card Account(s). If your aim is to pay down your balances and reduce the number of Credit Cards you hold, it may be helpful to cancel your old Card Account(s) once the Balance Transfer is complete if you want to avoid using them in the future. You can cancel a Credit Card over the phone (although you will still be liable to pay off any balance).