Credit Card Balance Transfers

Balance transfer is a transfer of a debt from one credit card onto another. Many credit card issuers offer introductory interest rates (introductory APRs) that are much lower than the standard interest rates. Consumers may take advantage of these lower rates to transfer balances from their higher interest credit cards to the new, lower interest credit cards to save money on interest charges.

Introductory 0% Offers
A number of UK credit card companies offer new customers 0% for balance transfers for an introductory period. You could save hundreds of pounds by switching your balance to a card offering 0% APR introductory rates.

The introductory period can be anything from 6 to 12 months after the card was issued although some of best 0% balance transfers can last as long as 15 months or more.  The introductory APR serves as an incentive for transferring balances from existing cards onto a new card. After the introductory period the interest reverts to the standard rate.

Permanent Low Rates
If you are looking for a cheap way to pay off your balance, remember that zero rates for transfers tend to be for a fixed period.  If you think your debts will take a while to clear it might be better to choose a card which offers a permanently low balance transfer rate.

Credit cards offering the longest introductory period for balance transfers are listed first.
Card Intro Rate
Balance Transfers
Intro Rate
Purchases
Representative APR
(variable)
Post Office
0% for 18 months
(Fee: 2.98%)
0% for 3 months 17.8% Details / Apply
Receive a 50% refund on your balance transfer fee on transfers of 2,500 or more. No fees on purchases overseas plus no cash advance fee when purchasing Post Office Travel Money
Representative Example
17.8% representative APR variable
17.8% p.a. variable on purchases
1,200 credit limit
AA Balance Transfer
0% for 16 months
(Fee: 2.9%)
0% for 3 months 17.9% Details / Apply
Earn AA Rewards Points on all purchases plus double points on fuel and motoring spend Rewards: Collect AA Rewards Points and exchange them for a range of motoring products and services. Earn AA Reward Points every time you spend. Collect 1 AA point for every 1 you spend with double points on fuel and motoring purchases. Use your points to purchase from a range of motoring products and services
Representative Example
17.9% representative APR variable
17.9% p.a. variable on purchases
1,200 credit limit
AA Credit Card
0% for 12 months
(Fee: 3% - min 3)
0% for 10 months 16.9% Details / Apply
Rewards: Earn AA Reward Points every time you spend. Collect 1 AA point for every 1 you spend with double points on fuel and motoring purchases. Use your points to purchase from a range of motoring products and services
Representative Example
16.9% representative APR variable
16.9% p.a. variable on purchases
1,200 credit limit
Lloyds TSB Duo Avios
0% for 6 months
(Fee: 3%)
17.9% 17.9% Details / Apply
Two cards on one account gives you the flexibility to collect Avios as fast as possible. Get off to a flying start with 1,500 Avios for every whole 1,000 balance transferred To apply, you must be a UK resident aged 18 or over, with a good credit rating and income of 15,000 or more. Rewards: Collect up to 1 Avios for every 1 spent plus double Avios abroad. Avios can be used for flights, hotel breaks, holidays, cruises or even days out
Representative Example
17.9% representative APR variable
17.95% p.a. variable on purchases
Based on 1,200 credit limit
RBS Clear Rate Platinum
6.9%
(Fee: no fee)
6.9% 11.1% Details / Apply
No confusing introductory offers and no gimmicks, just a simple low rate and an annual fee of 24.00
Representative Example
11.1% APR representative variable
6.90% p.a. variable on purchases
1,200 assumed credit limit
24.00 annual fee
NatWest Clear Rate Platinum
6.9%
(Fee: no fee)
6.9% 11.1% Details / Apply
No confusing introductory offers and no gimmicks, just a simple low rate and an annual fee of 24.00
Representative Example
11.1% APR representative variable
6.90% p.a. variable on purchases
1,200 assumed credit limit
24.00 annual fee
AA Transfer Plus
6.9% for the life of the balance
(Fee: 2% - min 3)
16.9% 16.9% Details / Apply
6.9% pa low rate for life on balance transfers and money transfers into your bank account
Representative Example
16.9% representative APR variable
16.9% p.a. variable on purchases
1,200 credit limit

Credit cards offering permanently low balance transfer rates
Card Intro Rate
Balance Transfers
Intro Rate
Purchases
Representative APR
(variable)
AA Transfer Plus
6.9% for the life of the balance
(Fee: 2% - min 3)
16.9% 16.9% Details / Apply
6.9% pa low rate for life on balance transfers and money transfers into your bank account
Representative Example
16.9% representative APR variable
16.9% p.a. variable on purchases
1,200 credit limit