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Compare Balance Transfer Credit Cards |
| Product Name | Representative APR (variable) | Balance Transfers Intro |
Purchases Intro |
Rewards | ||
|---|---|---|---|---|---|---|
- Balance transfer fee reduced from 3.9% to 3.5% (Automatic refund process, T&Cs apply)
- 0% interest on balance transfers for 27 months
- Pay for items up to £20 with payWave™ Contactless
Representative Example: 18.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable).
- 0% on transfers for 26 mths (2.65% fee, min £5)
- £750 cash advance per day, depending on credit limit
- Good credit rating required
Representative Example: 18.9% APR (variable) based on assumed Credit Limit of £1,200*. Standard interest rate for purchases: 18.95% p.a. (variable). *credit limit may vary depending upon circumstances
- 0% on transfers for 26 months (2.65% fee, min £5)
- Instant approval available for online applications
- Good credit rating required
Representative Example: 18.9% APR (variable) based on assumed Credit Limit of £1,200*. Standard interest rate for purchases: 18.95% p.a. (variable). *credit limit may vary depending upon circumstances
- Balance transfer fee reduced from 3% to 2.5% (Automatic refund process, T&Cs apply)
- APR & promotional offer length are dependent on your circumstances
- Free cover against online fraud
Representative Example: 18.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
-
Barclaycard Platinum 25 Mths Balance Transfer
-
18.9%
APR
-
0%
25 mths
2.40% fee
-
0%
6 mths
-
Barclaycard Unwind
- Reduced transfer fee from 3.5% to 2.4% (T&Cs apply)
- Instant Decisons for Online Applications
- Pay for items up to £20 with payWave™ contactless payment
Representative Example: 18.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
-
Tesco Clubcard Credit Card with Balance Transfer
-
16.9%
APR
-
0%
25 mths
2.90% fee
-
0%
3 mths
-
Clubcard Points
- 0% Transfers for 25 months
- Collect Tesco Clubcard points wherever you shop
- Card replacement & cash advance - if you lose your card abroad
Representative Example: 16.9%APR representative (variable). Based on a credit limit of £1,200* and a purchase rate of 16.9% p.a. (variable). *Your credit limit may vary depending upon your circumstances.
- Great discounts on Virgin products and high street names
- Contactless payment for purchases of £20 or less
- Best for applicants with an excellent credit rating
Representative Example: 16.8% p.a. (variable) on card purchases. This is equivalent to 16.8% APR representative (variable) based on a credit limit of £1,200.
- 0% for 20 months on balance transfers (3.1% fee, min £5)
- Commission-free purchases when spending abroad
- Fraud Protection Guarantee - Account monitoring with the latest protective technologies
Representative Example: 15.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 15.9% p.a. (variable).
- Manage your account securely online 24/7
- Contactless payment for purchases of £20 and under
- 0% on money transfers for 18 months (4% fee)
Representative Example: 12.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 12.9% p.a. (variable)
- 0% for the first 18 months on balances transferred in the first 90 days (3% fee)
- Instant decision on online applications (in most circumstances)
- Good credit rating required
Representative Example: 17.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 17.95% p.a. (variable).
- Get 10 Nectar points per £1 on Sainsbury's shopping for the first 3 mths from account opening - capped at £1,000 spend per mth
- 0% on Purchases for 6 mths and 0% on Transfers for 15 mths (3% fee applies)
- Good credit rating required
Representative Example: 17.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 17.95% p.a. (variable)
- No fees on purchases overseas in a foreign currency, even when you’re shopping from home, online or over the phone
- Pay no cash fee on your Credit Card to buy travel money at the Post Office
- Excellent credit rating required
Representative Example: 16.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 16.9% p.a. (variable)
* While reasonable efforts are made to keep information updated, credit card terms cannot be guaranteed for accuracy. Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
* Please note that the ‘More info’ or ‘Apply here’ product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites.
What Are Balance Transfer Credit Cards?
The concept of a balance transfer card is relatively straightforward. An individual who has credit card debt on one credit card can transfer that debt to another at a specified interest rate for a specific period of time. What interest and fees you pay and for how long vary by issuer and product. Some issuers charge an on-going low interest rate, but more common and more popular (for obvious reasons) are 0% balance transfer cards which shield customers from high interest rates.
How to Select the Best Balance Transfer Card
Although transfer cards incur no actual interest; even the best 0% balance transfer credit cards have some fees associated with them. Balance transfer fees (sometimes called "admin fees") are the fees issuers charge individuals at the time of transferring for processing the transfer. Typically balance transfer fees are charged as a percentage of the total amount transferred and they can vary significantly between products. Given that they are the only charges of a transfer (assuming you make your payments in time) it is worth understanding what you'll pay.
Having a good understanding of what time frame you want to pay your balance off within can also be useful as these fees can be reduced if you pick a product which has a shorter balance transfer period.
Once you know what you are looking for it makes sense to use credit card comparison tables to select the best product for your needs, but remember to focus on why you want the card. Certainly some products have great credit card design, some can come with long interest free purchase periods, some offer reward points - all of which can be a distraction - if it's credit card for purchases you want there are better products tailored to those needs (either 0% interest rate purchase cards or reward credit cards). Provided you remember you can't transfer balances within a card network, and if you've recently had a card (or forgot to cancel an old credit card account) with a particular issuer they might not take your transfer, and you focus on the card with the best balance transfer length and you won't go too far wrong.
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