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Simplify and save

Want to save on credit card interest?

If you have an existing credit card balance with another Australian bank, financial institution or store card, then you may consider transferring the balance to Bank of Melbourne to save money on interest.

To find out about our current balance transfer offers.

 


Transferring to a new card?

  • Apply online in 10 minutes, get a response in 60 seconds.
  • Consolidate up to 3 non-Bank of Melbourne Australian issued credit, charge or store cards.
  • Transfer up to 95% of the limit available on the Bank of Melbourne card you’re transferring to.
  • See product pages for ‘Special Offers’.

 

Transferring to an existing card?

 

  • Request a balance transfer online at any time in 5 minutes, get a response in 60 seconds.
  • Transfer up to 2 non-Bank of Melbourne credit, charge or store cards to your existing St.George credit card.
  • Transfer up to 95% of the limit available on the Bank of Melbourne card you’re transferring to.
  • Take advantage of our 2.99% p.a. offer on balance transfers for 12 months when requested at application. After the promotional period, the balance transfer rate switches to the standard variable purchase rate.

 

See how much you could save

 


 

Transferring your balance is easy

  1. Start an online application for the credit card of your choice
  2. Select YES within the form that you would like to transfer a balance to your new Bank of Melbourne credit card
  3. Supply card details for the balance you would like to transfer
  4. Complete the transfer by activating your new card.

 

Apply now Apply now

Choose from one of the following options to transfer up to 2 non-Bank of Melbourne credit or store cards to your existing Bank of Melbourne credit card2:


Via internet banking

Once logged in, select “Transfer & payments” and then select “Pay out a credit card held with another bank.”

Via phone

Call 13 22 66 to arrange a balance transfer over the phone.

 

Balance Transfer FAQs

The Detail

Conditions and fees apply. Credit criteria apply to all credit products

Before making a decision, it's best to read the terms and conditions.

Please read these documents and keep a copy. You can request a paper copy at a branch.

The promotional balance transfer rates are available when you apply for a new Bank of Melbourne Vertigo, Vertigo Platinum or No Annual Fee credit card between 21st September 2017 and 22nd November 2017 and request at application to transfer balance(s) from up to 3 non-St.George, Bank of Melbourne and BankSA Australian issued credit, charge or store cards. The promotional rate will apply to any balance(s) transferred (min $200 up to 95% of your approved available credit limit) for the promotional period, unless the amount is paid off earlier. The variable purchase rate will apply to balance(s) transferred but left unpaid after the end of the promotional period. Switches, upgrades, customers accessing employee benefits or packaged cards are ineligible. Promotional rate not available in conjunction with any special offer not listed on www.stgeorge.com.au. Interest free days don’t apply to balance transfers.

2. Existing Bank of Melbourne 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 Bank of Melbourne credit card account. Balance(s) transferred will be at the special balance transfer rate of 2.99% p.a. for 12 months. Rate then switches to variable purchase rate. The variable purchase interest rate applies to balance transfers requested at any other time. You can transfer up to two balances from another store or credit card to your Bank of Melbourne credit card provided you meet the minimum requirements for balance transfers.