How does a Balance Transfer work? 

A Balance Transfer lets you:

• Use up to 80% of your Suncorp Bank 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 of the balance transfer. Use the benefits from the lower rate to increase your credit card repayments 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 Annual Percentage Rate for retail purchases.