Platinum Credit Cards

It used to be the case that Platinum cards were some of the best on the market and provided the cardholder with some kudos, but this is no longer necessarily the case. Some platinum cards do offer great deals and demand higher than normal acceptance criteria, but others do not offer much past the name of 'platinum'. Compare platinum cards side by side and choose one that offers you the best deal.

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Credit Needed
Excellent
  • Welcome Bonus of 40,000 Bonus Points if you spend £6,000 in the first three months of Cardmembership (T&Cs apply)
  • Comprehensive Worldwide Travel Insurance for business or pleasure
  • Earn 1 Membership Reward point for virtually every full £1 you spend on the card
  • Lounge Access and Platinum Concierge Service
  • Annual fee: £450
  • You must be a UK resident, aged 18 years or over and have no history of bad debt
  • The business must have a current UK bank or building society account and no CCJs
  • Balance Transfer
    Rate & Duration
    n/a
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    n/a
    Annual Fee
    £450
    Representative APR (variable)
    N/A*
    APR
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Credit Needed
Excellent
  • Get a rocking 5% cashback up to £125 cashback for your first 3 months of Cardmembership
  • Earn up to 1.25% cashback if you spend over £10,001 (and 1% on all purchases under that amount)
  • Apple Pay enabled payments
  • £25 Annual Fee
  • You must be a UK resident, aged 18 years or over and have no history of bad debt
  • Balance Transfer
    Rate & Duration
    n/a
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    n/a
    Annual Fee
    £25
    Representative APR (variable)
    28.2%
    APR

Representative Example: Representative 28.2% APR (variable). Based on an annual fee of £25, a credit limit of £1,200 and a purchase rate of 22.9% p.a. (variable)

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Credit Needed
Excellent
  • Get a rocking 5% cashback for your first 3 months of Cardmembership (up to £100)*
  • After the first 3 months of Cardmembership you will earn up to 1% cashback, depending on how much you spend on the card
  • No Annual Fee
  • Apple Pay enabled payments
  • You must be a UK resident, aged 18 years or over and have no history of bad debt

*As long as you spend a minimum of £3,000 in a year, every full pound you spend on purchases qualifies for cashback
  • Balance Transfer
    Rate & Duration
    n/a
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    n/a
    Annual Fee
    £0
    Representative APR (variable)
    22.9%
    APR

Representative Example: Representative 22.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 22.9% p.a. (variable)

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Credit Needed
Excellent
  • Receive 30,000 membership reward bonus points – enough for one return flight from London to selected European destinations, when you spend £2,000 in the first three months
  • Worldwide travel insurance for you and your family
  • Fast track access through outbound security at Heathrow
  • Share the benefits with up to five complimentary Supplementary Cards
  • Annual fee: £450
  • You must be a UK resident, aged 18 years or over and have no history of bad debt
  • Balance Transfer
    Rate & Duration
    n/a
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    n/a
    Annual Fee
    £450
    Representative APR (variable)
    N/A*
    APR
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Credit Needed
Good
  • 0% on Balance Transfers for 25 months with no balance transfer fee (for balances transferred within 90 days, 3% thereafter)
  • 0% interest for 3 months from account opening on purchases
  • Cover against fraud when shopping online
  • Accepted wherever you see the MasterCard sign at over 33 million locations worldwide
  • Apple Pay enabled payments
  • APR & promotional offer length are dependent on your circumstances
  • You must be a UK resident, aged 18 years or over, have a regular income, not be declared bankrupt, have any CCJs, or be subject to an IVA
  • Balance Transfer
    Rate & Duration
    0%
    25 Months
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    0%
    3 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)

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Credit Needed
Good
  • Up to 39 Months 0% Balance Transfers (1.60% Fee - Inital fee of 3.00% is applied, then 1.40% is refunded)
  • 0% purchase for 6 months
  • Accepted wherever you see the MasterCard sign at over 33 million locations worldwide
  • Apple Pay enabled payments
  • APR & promotional offer length are dependent on your circumstances
  • Minimum £100 balance transfer
  • You must be a UK resident, aged 18 years, in receipt of a regular income, not currently declared bankrupt, have no CCJs and are not subject to an IVA
  • Balance Transfer
    Rate & Duration
    0%
    39 Months
    Balance Transfer
    Fee
    1.6%
    Purchases
    Intro
    0%
    6 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)

  • 0% interest on balance transfers for 24 months from account opening (0% fee)
  • 0% interest on purchases for 6 months from account opening (0% fee)
  • Pay for items up to £30 with payWave™ Contactless Payment
  • Apple Pay enabled payments
  • A fee of 3.50% will be applied, then reduced to 0% by a refund
  • You must be a UK resident, aged 18 years or over, with a good credit rating
  • Balance Transfer
    Rate & Duration
    0%
    24 Months
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    0%
    6 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

  • Great for people with some credit history looking to access 0% deals
  • Emergency help when you are travelling abroad
  • Suitable for rebuilding credit
  • Apple Pay enabled
  • Must be a UK resident, aged 18 years or over, with a regular income and an average credit rating
  • Balance Transfer
    Rate & Duration
    0%
    18 Months
    Balance Transfer
    Fee
    2.99%
    Purchases
    Intro
    0%
    3 Months
    Annual Fee
    £0
    Representative APR (variable)
    24.9%
    APR

Representative Example: Representative 24.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)

  • 0% interest for 32 months (0.6% fee)
  • A fee of 3.5% will be applied, then reduced to 0.6% by a refund (T&C's Apply)
  • Emergency help when you are travelling abroad
  • 0% interest on purchases for 6 months from account opening
  • Pay for items up to £30 with payWave™ Contactless
  • Apple Pay enabled
  • Must be a UK resident, aged 18 years or over, with a regular income and a good credit rating
  • Balance Transfer
    Rate & Duration
    0%
    32 Months
    Balance Transfer
    Fee
    0.6%
    Purchases
    Intro
    0%
    6 Months
    Annual Fee
    £0
    Representative APR (variable)
    19.9%
    APR

Representative Example: Representative 19.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)

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Credit Needed
Good
  • 0% on balance transfers for 37 months on balances transferred within the first 60 days from account opening, 1.4% fee applies - 3.5% fee is applied, then reduced to 1.4% by automatic refund (T&C's Apply)
  • Pay for items up to £30 with payWave™ Contactless
  • Apple Pay enabled
  • Must be a UK resident, aged 18 years or over, with a regular income and a good credit rating
  • Balance Transfer
    Rate & Duration
    0%
    37 Months
    Balance Transfer
    Fee
    1.4%
    Purchases
    Intro
    0%
    6 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

  • 0% for 35 Months on Balance Transfers (1.49% fee applies in the first 90 days - 3% fee thereafter)
  • An initial fee of 3% is applied, then 1.51% is refunded within 90 days
  • 0% for 3 months from account opening on purchases
  • Minimum £100 balance transfer
  • APR is dependent on your circumstances
  • You must be a UK resident, aged 18 years or over, with a regular income, and be free from CCJs, not be currently bankrupt, or subject to an IVA
  • Balance Transfer
    Rate & Duration
    0%
    35 Months
    Balance Transfer
    Fee
    1.49%
    Purchases
    Intro
    0%
    3 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.94% p.a. (variable)

  • One low Representative APR (variable) of 6.9%
  • Pay for items up to £30 with payWave™ Contactless
  • Apple Pay enabled
  • Must be a UK resident, aged 18 years or over, with a regular income and a good credit rating
  • Balance Transfer
    Rate & Duration
    n/a
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    n/a
    Annual Fee
    £0
    Representative APR (variable)
    6.9%
    APR

Representative Example: Representative 6.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 6.9% p.a. (variable)

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Credit Needed
Good
  • 0% interest on purchases and balance transfers for 25 months
  • Transfer your balance as you apply online (1.49% fee)
  • Pay for items up to £30 with payWave™ Contactless
  • Apple Pay enabled
  • Must be a UK resident, aged 18 years or over, with a regular income and a good credit rating
  • Balance Transfer
    Rate & Duration
    0%
    25 Months
    Balance Transfer
    Fee
    1.49%
    Purchases
    Intro
    0%
    25 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

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Credit Needed
Bad
  • Great for people with bad credit or who are looking to improve their current rating - even if they have had problems with credit in the past
  • Credit limit from £200 to £1,500
  • Online response in 60 seconds
  • Pay contactlessly up to £30
  • Must be a UK resident, aged 18 years or over
  • You must have had credit in the UK before
  • You must not have been declared Bankrupt in the last 12 months
  • Balance Transfer
    Rate & Duration
    n/a
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    n/a
    Annual Fee
    £0
    Representative APR (variable)
    29.8%
    APR

Representative Example: Representative 29.8% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 29.84% p.a. (variable)

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Credit Needed
Good
  • 0% interest on all purchases for 26 months from the date your account is opened
  • 0% on balance transfers for 12 months from account opening (3% fee, min £3)
  • Contactless card for payments under £30)
  • Use worldwide at outlets or ATMs which display the Mastercard symbol
  • MasterCard SecureCode protection
  • Must be a UK resident, aged 18 years or over
  • Balance Transfer
    Rate & Duration
    0%
    12 Months
    Balance Transfer
    Fee
    3%
    Purchases
    Intro
    0%
    26 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

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Credit Needed
Good
  • Up to 25 Months 0% Balance Transfers (0.0% Fee - No balance transfer fee applies on balances transferred within 90 days of opening the account, a 3% fee applies thereafter)
  • 0% interest on purchases for the first 3 months after your account is opened
  • Quicker payments with contactless technology
  • Apple Pay enabled payments
  • APR & promotional offer length are dependent on your circumstances
  • You must be a UK resident, aged 18 years or over, have a regular income, be free from CCJs, bankruptcy and not be subject to an IVA
  • Balance Transfer
    Rate & Duration
    0%
    25 Months
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    0%
    3 Months
    Annual Fee
    £0
    Representative APR (variable)
    19.9%
    APR

Representative Example: Representative 19.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 19.94% p.a. (variable)

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Credit Needed
Good
  • 0% interest for up to 32 months from account opening on balance transfers made in the first 90 days with a low fee of 0.8%
  • 0.8% fee applies on each balance transfer made in the first 90 days - 3% fee applies on each balance transfer after the first 90 days
  • 0% interest for 12 months on purchases
  • Apple Pay enabled payments
  • Good credit rating required
  • Minimum £100 balance transfer
  • APR is dependent on your circumstances
  • You must be a UK resident, aged 18 years or over, with a regular income, and be free from CCJs, not be currently bankrupt, or subject to an IVA
  • Balance Transfer
    Rate & Duration
    0%
    32 Months
    Balance Transfer
    Fee
    0.8%
    Purchases
    Intro
    0%
    3 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.94% p.a. (variable)

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Credit Needed
Excellent
  • Up to 39 Months 0% Balance Transfer (1.60% Fee - Initial fee of 3.00% is applied, then 1.40% is refunded) on balances transferred within the first 90 days of opening the account
  • 0% for 6 months on purchases
  • Contactless payment enabled
  • Apple Pay enabled payments
  • APR & promotional offer length are dependent on your circumstances
  • You must be a UK resident, aged 18 years or over, have a regular income, not have any CCJs, not currently bankrupt, and not subject to an IVA
  • Balance Transfer
    Rate & Duration
    0%
    39 Months
    Balance Transfer
    Fee
    1.6%
    Purchases
    Intro
    0%
    6 Months
    Annual Fee
    £0
    Representative APR (variable)
    19.9%
    APR

Representative Example: Representative 19.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 19.94% p.a. (variable)

  • No need to worry about teaser rates that jump up and sting you when the 0% offer ends
  • One simple low rate of 6.9% p.a. (variable) on purchases and balance transfers
  • No balance transfer fees
  • MasterCard contactless enabled
  • Apple Pay enabled payments
  • £24 annual fee
  • You must be a UK resident, aged 18 or over, and have an annual income of at least £10,000
  • Balance Transfer
    Rate & Duration
    n/a
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    n/a
    Annual Fee
    £24
    Representative APR (variable)
    11.1%
    APR

Representative Example: Representative 11.1% APR (variable). Based on an annual fee of £24, a credit limit of £1,200 and a purchase rate of 6.9% p.a. (variable)

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Credit Needed
Good
  • No need to worry about teaser rates that jump up and sting you when the 0% offer ends
  • One simple low rate of 6.9% p.a. (variable) on purchases and balance transfers
  • No balance transfer fees
  • Contactless payment enabled
  • Apple Pay payments
  • £24 annual fee
  • Must be a UK resident, aged 18 years or over, and have an annual income of at least £10,000
  • Balance Transfer
    Rate & Duration
    n/a
    Balance Transfer
    Fee
    0%
    Purchases
    Intro
    n/a
    Annual Fee
    £24
    Representative APR (variable)
    11.1%
    APR

Representative Example: Representative 11.1% APR (variable). Based on an annual fee of £24, a credit limit of £1,200 and a purchase rate of 6.9% p.a. (variable)

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Credit Needed
Good
  • 0% foreign currency fees for transactions worldwide
  • 0% on purchases and balance transfers for the first 9 months (3% fee applies)
  • Representative 11.9% APR (variable) - Plus benefits from discounts on board Saga cruise ships, at Saga resorts and when booking Saga holidays
  • Manage your account online 24/7
  • You must be a UK resident, aged 50+, have a good credit history, and have a regular income of at least £12,000 per year
  • Balance Transfer
    Rate & Duration
    0%
    9 Months
    Balance Transfer
    Fee
    3%
    Purchases
    Intro
    0%
    9 Months
    Annual Fee
    £0
    Representative APR (variable)
    11.9%
    APR

Representative Example: Representative 11.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 11.29% p.a. (variable)

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Credit Needed
Good
  • 0% on balance transfers for 20 months (minimum £100 balance transfer)
  • 0% on purchases for 20 months
  • A balance transfer fee of 2.95% for balances made in the first 90 days
  • 1% cashback on purchases if you also hold the TSB Classic Plus current account. Maximum cashback £5 per month until 30 June 2018 (terms and conditions apply)
  • Apple Pay enabled payments
  • Subject to status & lending criteria
  • Must be a UK resident, aged 18 or over, and be free of any CCJs
  • Balance Transfer
    Rate & Duration
    0%
    20 Months
    Balance Transfer
    Fee
    2.95%
    Purchases
    Intro
    0%
    20 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.94% p.a. (variable)

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Credit Needed
Good
  • 0% interest on all purchases for 26 months from the date your account is opened
  • 0% on balance transfers for 12 months from account opening (3% fee, min £3)
  • Use worldwide at outlets or ATMs which display the Mastercard symbol
  • Contactless card for payments under £30)
  • Must be 18 years old and a UK resident
  • Balance Transfer
    Rate & Duration
    0%
    12 Months
    Balance Transfer
    Fee
    3%
    Purchases
    Intro
    0%
    26 Months
    Annual Fee
    £0
    Representative APR (variable)
    18.9%
    APR

Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

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What are balance transfer & purchase credit cards?

As the introductory offer duration periods for traditional 0% balance transfer cards have increased over time, so their utility to certain customers has reduced. Many people understand that they do not need, or even want, 3 years in which to clear their debts. They are in a position to, and would be far happier, to pay off their credit card balance sooner. This has meant that whilst a reasonable period in which to pay of the balance is still high on their agenda when researching new cards, they are also in a position to explore and benefit from other features available to new applicants.

The most popular of these additional features is, unsurprisingly, the main feature of another of the UK's most popular credit card categories - 0% on credit card purchases. Creating the 'Balance Transfer & Purchase' credit card.

These "Balance Transfer & Purchase" cards (sometimes also described as 'combined cards' or 'dual-hook cards') have become ever more popular over the past 5 years, as issuers have competed to offer the 'best' product.

Starting with low 0% transfer & purchase rates of less than a year, the introductory periods available on these cards have steadily increased, broadly in line with the increased 0% periods offered on standard 0% balance transfer credit cards, so that the products which now top the credit card comparison tables are offering around 2 years at 0% for transfers and purchases.

Who are balance transfer & purchase cards available from?

Originally something of a niche product, balance transfer and purchase credit cards are now available from most of the UK's traditional prime credit card issuers, as well as a few new smaller credit card brands. Some cards also combine features of other card types (like supermarket reward points), so there is a great deal of choice available to applicants.

Don't most 0% transfer cards offer 0% purchases?

Although most standard 0% balance transfer cards offer their customers some level of introductory purchases, the periods available tend to be derisory (3 to 6 months) to the point that they offer the customer little real utility. If anything it could be argued that the 0% purchases available on transfer cards reduce the value of the main product feature, by offering a route whereby customers can accrue balances which would quickly be subject to the standard rate of interest.

Balance transfer & purchase card considerations

In the vast majority of cases 0% transfer and purchase cards offer customers one of the most straightforward ways of managing their credit card, as they enjoy 0% on transfers and purchases for an equal amount of time and don't have to worry about one or other element incurring a higher interest rate over the lifetime of the full introductory period.

However, in some instances, this is no longer the case. Transfer and purchase durations are not always equally matched, despite the fact that they are both relatively generous. In these instances the balance transfer period tends to be longer than the purchase period, but recently some issuers have confused matters further by offering different 0% introductory periods depending on when given purchases were made. (eg. 0% for 18 months on purchases made within 3 months of account opening, then 0% for 14 months on purchases made after 3 months - which is in effect 0% for 11 months, given that 3 months will have elapsed at the point the secondary offer becomes applicable).

In instances where introductory periods are not matched, it is advisable for customers to pay special care to ensure that they switch to another deal in good time, especially if they pay their minimum balance by direct debit - as it can quickly increase before they have noticed they are paying more. Setting a series of alerts on a smart phone can help with this.