Bread Crumb Trail

Credit Cards Balance Transfers

Virgin Money Card

Apply Now >
Introductory Offer
Balance Transfer Rate: 0% p.a. for 16 mths
Balance Transfer Fee: 2.98%
Purchase Rate: 0% p.a. 3 mths
Typical APR
Purchases: 16.6% p.a.
Balance Transfers: 16.6% p.a.
Cash Advance: 24.9% p.a.
Standard Features
Credit Limit: Subject to Status
Interest Free Days: Up to 50 days
On-Line Banking: Yes
Approval Criteria
  • You are at least 25 Years of Age
  • You have a Good Credit History
  • You are in full time employment
  • You are a permanent resident/citizen of the UK
  • You have a Bank or Building society account

Barclaycard Platinum

Apply Now >

Advice

You can only receive 0% on Balance Transfers until 1st August 2010 up to £5,000 with this card.
Any amount over this will be subject to 6.99%p.a

Introductory Offer
Balance Transfer Rate: 0% p.a. until Aug 2010
Balance Transfer Fee: 2.50%
Purchase Rate: 0% p.a. 3 mths
Typical APR
Purchases: 12.4% p.a.
Balance Transfers: 12.4% p.a.
Balance Transfer Fee: 2.90%
Cash Advance: 27.9% p.a.
Standard Features
Credit Limit: Subject to Status
Interest Free Days: Up to 56 days
On-Line Banking: Yes
Approval Criteria
  • You are 21 years or over
  • You are a permanent UK resident
  • You have no history of bankruptcy, had an IVA's or CCJ's.
  • You haven't missed a payment on either a credit card or mortgage in the last 12 months.
  • You have a regular income of more than £20,000 per annum
  • You have not been declined for credit in the last six months.
  • You do not have debts on other credit cards greater than £20,000

Egg Visa Card

Apply Now >
Introductory Offer
Balance Transfer Rate: 0% p.a. until Aug 2010
Balance Transfer Fee: 3%
Purchase Rate: 0% p.a. until Sep 2009
Typical APR
Purchases: 16.9% p.a.
Balance Transfers: 16.9% p.a.
Cash Advance: 24.9% p.a.
Standard Features
Credit Limit: Subject to Status
Interest Free Days: Up to 45 days
On-Line Banking: Yes
Approval Criteria
  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of the UK
  • Any Income Considered

Credit Card Benefits

  • 0% anniversary offer for up to five months on balance transfers made in May 2011 and May 2012 (2.5% fee applies).

Credit Card Cashback

  • Up to 10% in selected stores

MBNA Platinum

Apply Now >

Advice

You are also able to download cash from this card to your current account. This is classed as a 'Balance Transfer' and subject to a 2.9% fee. Once this is paid however you have up to 13 months at 0% APR to pay the amount back before you incur interest!!!

Introductory Offer
Balance Transfer Rate: 0% p.a. for 13 mths
Balance Transfer Fee: 2.90%
Purchase Rate: 0% p.a. 3 mths
Typical APR
Purchases: 17.9% p.a.
Balance Transfers: 17.9% p.a.
Cash Advance: 24.9% p.a.
Standard Features
Credit Limit: £50,000
Interest Free Days: Up to 50 days
On-Line Banking: Yes
Approval Criteria
  • You are currently employed
  • You are over 23 years of age
  • You are a homeowner
  • You have an income of over £20,000
  • You do not have any recent credit defaults (CCJ's, current arrears or missed payments) on credit cards / loans / mortgages
  • You are a resident in the UK and can prove residential addresses for the past two years
  • You have not applied for an MBNA or Virgin Credit Card within the last 6 months

RBS Platinum

Apply Now >
Introductory Offer
Balance Transfer Rate: 0% p.a. for 15 mths
Balance Transfer Fee: 2.90%
Purchase Rate: 0% p.a. 3 mths
Typical APR
Purchases: 16.9% p.a.
Balance Transfers: 16.9% p.a.
Cash Advance: 24.9% p.a.
Standard Features
Credit Limit: £25,000
Interest Free Days: Up to 56 days
On-Line Banking: Yes
Approval Criteria
  • YOU ARE AN EXISTING RBS CUSTOMER
  • You are at least 25 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of the UK
  • You earn over £25,000 per year

Post Office Mastercard

Apply Now >

Advice

Get 0% Commission
card use abroad
(usually 2.75% charge).

Introductory Offer
Balance Transfer Rate: 0% p.a. for 12 mths
Balance Transfer Fee: 2.98%
Purchase Rate: 0% p.a. 3 mths
Typical APR
Purchases: 16.9% p.a.
Balance Transfers: 16.9% p.a.
Cash Advance: 19.16% p.a.
Standard Features
Credit Limit: Subject to Status
Interest Free Days: Up to 56 days
On-Line Banking: Yes
Approval Criteria
  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of the UK
  • You have an income over £8,000 p.a

Credit Card Benefits

  • Get 0% Balance Transfers for 5 months on the anniversary of your card opening for the next 2 years
  • Purchases of £500 to £2,000 in value can be transferred to the 'Post Office special fixed rate Payment Plan' of 6.8% p.a. - just call Post Office to arrange this.
  • Pay for up to 2 purchases with a maximum combined value of £2,000 over 12 months
  • Get 1 monthly statement showing your card and Payment Plan

Halifax All In One

Apply Now >
Introductory Offer
Balance Transfer Rate: 0% p.a. for 9 mths
Balance Transfer Fee: 3%
Purchase Rate: 0% p.a. 9 mths
Typical APR
Purchases: 15.9% p.a.
Balance Transfers: 15.9% p.a.
Balance Transfer Fee: 3%
Cash Advance: 27.9% p.a.
Standard Features
Credit Limit: Subject to Status
Interest Free Days: Up to 56 days
On-Line Banking: Yes
Approval Criteria
  • You are at least 18 Years of Age
  • You are a permanent resident/citizen of the UK
  • You have NOT been declined for a Halifax or Bank of Scotland Credit Card in the last 6 months
  • You DO NOT any CCJs or have been made Bankrupt
  • You have NOT missed payments on your current store cards, credit cards, loans or mortgages
  • You ARE in employment (receiving an annual salary)
  • You can provide a telephone number that you can be contacted on

Tesco Clubcard

Apply Now >

Advice

Earn Tesco Clubcard reward points when you spend on this card! 2% Balance Transfer fee on all balances transferred in the first 4 months.

Introductory Offer
Balance Transfer Rate: 0% p.a. for 6 mths
Balance Transfer Fee: 2%
Purchase Rate: 0% p.a. 12 mths
Typical APR
Purchases: 16.9% p.a.
Balance Transfers: 16.9% p.a.
Balance Transfer Fee: 2%
Cash Advance: 24.9% p.a.
Standard Features
Credit Limit: Subject to Status
Interest Free Days: Up to 46 days
On-Line Banking: Yes
Approval Criteria
  • You have an excellent Credit History
  • You are at least 18 Years of Age
  • You are a permanent resident/citizen of the UK
  • You have a bank or building society account
  • You have an income over £10,000 p.a

Credit Card Rewards

  • Collect 5 Clubcard points when you spend £4 at Tesco
  • Collect 1 Clubcard point when you spend £4 elsewhere
  • Turn Points into Airmiles - £2.50 in Clubcard vouchers get you 60 Airmiles. Return flights from London - Paris, work out at just £31.25 in Clubcard vouchers or 750 Airmiles.

Balance Transfer Credit Cards Explained

  • What are balance transfers?

Credit card companies offer a range of features designed to attract new customers. Many provide low interest periods on balance transfers allowing money owed on other credit or store cards to be transferred over to a new card with a lower rate of interest.

  • What deals can I expect to find?

Many of todays providers offer 0% interest on balance transfers from 3 – 16 months allowing debts to be transferred over with no interest paid for the period specified. Some people follow the 0% cards, transferring their debt from card to card when each period expires. If you are not planning on 'chasing' the 0% rates then you must always be aware of the standard APR offered after the introductory period.

  • What to look out for

It is important to be conscious of any fees applied by the provider, for example a 2 to 3 percent charge is usually imposed on the amount transferred. There are usually time limits in which transfers must be completed in order to qualify for the specified interest rate. Providers will always supply clear instructions of the rules that apply to each card on application. Make sure you read the documentation when applying for a card to ensure you fully understand everything.

If you plan to transfer debt to another card to pay it off, avoid using the new card to make purchases as these are generally charged at the providers standard APR rate, which may be higher than some of the providers competitors. If you do wish to spend more then why not get another card with low introductory interest rates.

Credit card companies require a minimum payment that is to be paid each month. This is only a suggested amount, but failure to make this payment will lead to charges applied to your account.

It is always advisable to pay off more than your minimum repayment. For example, if you owed £2,000 on a card with an interest rate of 15.9%, it would take you over 29 years to clear your debt if you only repaid 2%, with a £5 minimum payment. However, if you increased your monthly payment to £100, your debt would be paid after 2 years.

  • Is this bonus for me?

Balance transfer credit cards are most suited to those that want to pay back their debts. A good way to ensure the debt is cleared within the specified period is by dividing the amount owed by the number of interest free months. For example if you owe £1,600 and you have signed up to a card that offers 16 months 0% on balance transfers you will pay approx. 3% in transfers fees (£48) which is added to the total, divide that by 16 months then set up a direct debit to pay £103 per month.

See our range of Balance Transfer Credit Cards above

Popular Searches