All Categories ​>​ ​Qantas Money 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 Money credit card limit to pay down your balances on other credit cards;
  • 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.

To keep the benefit of interest free days for new retail purchases on your account make sure you pay the Interest Free Day Payment found on your monthly statement.

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