In Australia we are fortunate enough to have a competitive banking market where there are many banks, big and small, vying to attract your business. When it comes to credit cards, there is one type that has proven itself as incredibly popular with consumers – the balance transfer credit card.
Not only do consumers love them, but the banks do too because they can attract new customers away from their competition. And how do they do that? By offering cheaper balance transfer interest rates and longer introductory periods than the other guys.
So if you’re in the market to transfer your balance to a different card with a new bank, where do you look first? Here’s our guide to what we think are the 10 best banks to switch to.
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