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Credit Cards 0% Balance Transfer

Compare 0% Balance Transfer Credit Cards

Take the pressure off your debts with a 0% Balance Transfer credit card. Transfer your existing balance and pay no interest for up to 16 months, allowing you to repay your credit without building up more in interest.

Virgin Credit Card

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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

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Advice

Balance Transfers have to be made within 60 days of opening the account. The amount transferred must not exceed 90% of the available credit on your account.

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: 15.9% p.a.
Balance Transfers: 15.9% 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

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Introductory Offer
Balance Transfer Rate: 0% p.a. until May 2011
Balance Transfer Fee: 3%
Purchase Rate: 0% p.a. until Jun 2010
Typical APR
Purchases: 16.9% p.a.
Balance Transfers: 16.9% p.a.
Cash Advance: 22.9% 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 Cashback

  • Up to 10% in selected stores

Nationwide Credit Card

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Advice

Balance transfers offer is only applicable to transfers made in the first 3 months of account opening and are subject to a 3% Balance Transfer fee (£3 Minimum).

Introductory Offer
Balance Transfer Rate: 0% p.a. for 13 mths
Balance Transfer Fee: 3%
Purchase Rate: 0% p.a. 3 mths
Typical APR
Purchases: 16.9% p.a.
Balance Transfers: 16.9% p.a.
Cash Advance: 27.9% p.a.
Standard Features
Credit Limit: £25,000
Interest Free Days: Up to 56 days
On-Line Banking: Yes
Approval Criteria
  • You are at least 25 Years of Age
  • You have an Excellent Credit History
  • You are a permanent resident/citizen of the UK
  • You earn over £25,000 per year

Credit Card Benefits

  • Free purchase cover for loss, theft or damage to most purchases over £50
  • Free 12 month extended warranty on many gas or electrical products
  • Peace of mind for all cardholders with Nationwide Fraud Watch

Lloyds TSB Platinum

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Introductory Offer
Balance Transfer Rate: 0% p.a. for 12 mths
Balance Transfer Fee: 3%
Purchase Rate: 0% p.a. 3 mths
Typical APR
Purchases: 15.9% p.a.
Balance Transfers: 15.9% p.a.
Cash Advance: 27.9% p.a.
Standard Features
Credit Limit: £50,000
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 a bank or building society account
  • You have an income over £25,000 p.a

MBNA Platinum

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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: 16.9% p.a.
Balance Transfers: 16.9% 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

Barclaycard Gold (12 Mnth Balance Transfer)

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Introductory Offer
Balance Transfer Rate: 0% p.a. until Apr 2011
Balance Transfer Fee: 2.50%
Purchase Rate: N/A
Typical APR
Purchases: 19.9% p.a.
Balance Transfers: 19.9% p.a.
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 haven't missed multiple payments on a credit agreement within the last 12 months
  • You don't have a CCJ (County Court Judgement) or IVA (Individual Voluntary Arrangement) and haven't been registered bankrupt
  • You don't already have a Barclaycard
  • 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 Benefits

  • If you have had small payments issues in the past this card could help by managing your Barclaycard Gold and other accounts responsibly (for example by paying your mobile phone and utility bills on time), you could help strengthen your Credit Rating.
  • You can transfer between £250 and £5,000 or 90% of your credit limit, whichever is lower, depending on the available credit limit on your account.

MBNA 5.9% Rate for Life Card

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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 4% fee. Once this is paid however you unlimited time to pay back the amount (subject to minimum payment of 3% of balance per month) at 5.9% APR!!!

Introductory Offer
Balance Transfer Rate: 5.90% p.a. For Life
Balance Transfer Fee: 2%
Purchase Rate: N/A
Typical APR
Purchases: 16.9% p.a.
Balance Transfers: 16.9% 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

Credit Card Benefits

  • A promotional rate on balance transfers and money transfers - 5.9% for the life of the transferred balances
  • 2% handling fee for balances transferred in the first 60 days, 3% thereafter (4% for money transfers)
  • Ideal for rearranging your finances and consolidating loans

SAGA Credit Card

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Advice

Get 0% foreign currency charge on transactions in Visa Europe : 1% elsewhere

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: 11.9% p.a.
Balance Transfers: 11.9% p.a.
Cash Advance: 19.3% p.a.
Standard Features
Credit Limit: Subject to Status
Interest Free Days: Up to 55 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

RBS Platinum

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Advice

THIS OFFER IS AVAILABLE TO RBS CURRENT A/C HOLDERS ONLY

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 A RBS CURRENT A/C HOLDER
  • 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

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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

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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

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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 51 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

Latest Balance Transfer News RSS Feed

Virgin Money credit card's balance transfer offer commended
One writer has spoken in a favour of a Virgin credit card. Those seeking out a Virgin credit card could be interested in one writer's commendation of such a product.In a lovemoney.com ...
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Mon 1st Mar, 2010
Balance transfers 'can be of assistance'
A balance transfer credit card could help consumers get to grips with their finances more effectively, it has been suggested. Making use of the right financial products could help ...
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Mon 1st Feb, 2010
Barclaycard increases balance transfer period on platinum credit card
Barclaycard has increased the number of interest free months on balance transfers and removed the fixed end date, so customers can benefit from the entire 0% period from the date they ...
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Thu 28th Jan, 2010
Balance transfer borrowers 'must avoid spending'
Although balance transfer deals can prove to be of assistance to those in debt, borrowers are urged to ensure they do not use such credit cards to continue spending. Britons seeking out ...
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Tue 19th Jan, 2010
Balance transfer borrowers 'need to be strict'
Borrowers seeking out balance transfer credit cards should endeavour to clear off their debts before the promotional introduction rate expires, one expert advises. Taking advantage of ...
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Mon 11th Jan, 2010

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