Balance transfers: what to verify before moving a balance
A source-led checklist for promotional rates, transfer fees, expiry dates and the rate after the offer.
Editorial status: needs review. A source-led checklist for promotional rates, transfer fees, expiry dates and the rate after the offer. This is general information, not personal financial advice.
What to record
A balance-transfer comparison needs the promotional rate, duration, transfer fee, eligible balances and post-promotional rate recorded separately.
Before relying on a rate, fee, eligibility rule or complaint pathway, check the linked official source and the current provider terms. Record the date checked, the exact assumption and the next review date.
A practical checklist
- Identify the decision the reader is making.
- Compare like-for-like fields and keep unknown information visible.
- Save the official document or page used for each material claim.
- Use the internal link to Southern Ledger methodology and send corrections through our corrections page.
Disclaimer
This article is general information only, not personal financial advice. Current issuer terms, regulator guidance and the reader’s circumstances control.
Sources checked
- Choosing a credit card — MoneysmartSupports: A balance-transfer comparison needs the promotional rate, duration, transfer fee, eligible balances and post-promotional rate recorded separately. · consulted 2026-08-11
- National Consumer Credit Protection Regulations 2010 — Schedule 6Supports: The surrounding costs and conditions should be recorded from current official documents before a reader compares products. · consulted 2026-08-11
General information only, not personal financial advice. Check current issuer terms, regulator guidance and your own circumstances before acting.