All Categories ​>​ ​Qantas Premier Credit Card ​ > ​ ​Balance Transfers ​>​ How does a Balance Transfer work?

How does a Balance Transfer work?

A Balance Transfer lets you:

  • use up to 80% of your Qantas Premier credit card limit to pay down your balances on other credit cards or loans;
  • take advantage of a lower interest rate for the promotional period (if applicable) of the Balance Transfer; and
  • use the benefit of the lower rate to increase your credit card repayments in order to pay down your Balance Transfer prior to the offer reverting to the Cash Advance Rate at the end of the promotional period.

Whilst taking advantage of the above points, you should remember that no interest free days are applicable to retail purchases when you have a Balance Transfer. This means any additional purchases will be charged interest at the Retail Purchase Rate.

Was this information helpful?

Powered by HelpDocs