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Balance Transfer Calculator

What is a balance transfer?

A balance transfer is where Heritage will provide a customer credit to pay off an outstanding amount on a non-Heritage credit account. When Heritage makes a payment as a balance transfer (at the customer’s request) it is treated as cash in advance.

Why do a balance transfer?

By transferring your debt to a credit card account with lower interest and fees you will be paying off your balance sooner.

You could also significantly reduce the effort and costs associated with paying off a number of credit cards by transferring the debt over to a Heritage credit card account.

Balance Transfer Calculator
Existing Balance $*
Present Interest Rate (% p.a.)*
Transfer Interest Rate (% p.a.)*
Transfer Rate Term (months)*
Your Approx Savings*
This calculator is a guide only. Fees and government taxes and charges may apply to a balance transfer transaction.
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How to use the calculator:

  1. Enter the amount you would like to transfer from a non-Heritage credit account and the interest rate applicable to that account.
  2. Enter the Interest Rate and Term for the Balance Transfer offer.
  3. Click “calculate” to see how much you could save.

Please note:

This calculator is an estimate of the interest you could save by doing a balance transfer. It is a guide only and not a quote. The estimated savings assumes no transactions will be made on your credit card during the Balance Transfer period entered and does not take into account any repayments, fees or charges.

To find out more about the balance transfer facility, including detailed information on repayment amounts, drop into your local Heritage branch or phone the Queensland based Contact Centre on 13 14 22.

To approved applicants only. Fees and charges apply, Heritage Bank Limited ABN 32 087 652 024 and AFSL and Australian Credit Licence 240984.

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

To approved applicants only. Conditions, criteria and fees apply. Please consider the Guide to Heritage Credit Card Products (available in-branch, by phoning 13 14 22 or at before you decide whether this product is right for you.