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)
Barclaycard Platinum
Barclays Bank PLC
1 Churchill Place,
London,
E14 5HP
0% for 27 months
(Fee: 3.9%)
0% for 6 months 18.9% Details / Apply
Freeze your interest at 0% until 2015 plus a balance transfer fee refund offer reduces the fee to 2.98%!
Representative Example
18.9% APR representative variable
18.9% p.a. variable on purchases
£1,200 assumed credit limit
NatWest Platinum
0% for 26 months
(Fee: 2.65% - min £5)
0% for 6 months 18.9% Details / Apply
Exclusive online offer You must be aged over 18 and earning at least £10,000 to apply
Representative Example
Representative APR: 18.9% APR (variable)
Purchase rate: 18.95% p.a. (variable)
Assumed credit limit: £1,200 The actual credit limit assigned to individual accounts will vary depending on a credit assessment of you
RBS Platinum
The Royal Bank of Scotland plc.
36 St Andrew Square,
Edinburgh,
EN2 2YB
0% for 26 months
(Fee: 2.65% - min £5)
0% for 6 months 18.9% Details / Apply
You must be aged over 18 and earning at least £10,000 to apply
Representative Example
Representative APR: 18.9% APR (variable)
Purchase rate: 18.95% p.a. (variable)
Assumed credit limit: £1,200 The actual credit limit assigned to individual accounts will vary depending on a credit assessment of you
Halifax Balance Transfer
0% for 25 months
(Fee: 3%)
0% for 3 months 18.9% Details / Apply
Balance transfer fee refund offer reduces the fee to 2% (minimum balance transfer £100)
Representative Example
18.9% APR representative variable
18.95% p.a. variable on purchases
£1,200 assumed credit limit
Nationwide Select
0% for 20 months
(Fee: 3.1% - min £5)
0% for 12 months 12.9% Details / Apply
Take advantage of unlimited commission-free purchases abroad! Available exclusively to new and existing Nationwide current account holders Cashback: Earn 0.5% unlimited cashback on all sterling purchases
Representative Example
12.9% representative APR variable
12.9% 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
NatWest YourPoints World
0% for 15 months
(Fee: 2.9% - min £5)
0% for 15 months 16.9% Details / Apply
Get double YourPoints for 15 months from account opening plus 2,500 bonus points when you sign up and every year thereafter Rewards: The card gives you one reward point for every £1 you spend. Bonus points are also gifted on a yearly basis thereafter. Points can be redeemed against flights, holidays, shopping vouchers and experiences and at retail outlets including Marks & Spencer, Boots, easyJet, Harvey Nichols and Amazon
Representative Example
Representative APR: 16.9% APR (variable)
Purchase rate: 16.95% p.a. (variable)
Assumed credit limit: £1,200 The actual credit limit assigned to individual accounts will vary depending on a credit assessment of you
RBS YourPoints World
0% for 15 months
(Fee: 2.9% - min £5)
0% for 15 months 16.9% Details / Apply
Get double YourPoints for 15 months from account opening plus 2,500 bonus points when you sign up and every year thereafter Rewards: The card gives you one reward point for every £1 you spend. Bonus points are also gifted on a yearly basis thereafter. Points can be redeemed against flights, holidays, shopping vouchers and experiences and at retail outlets including Marks & Spencer, Boots, easyJet, Harvey Nichols and Amazon
Representative Example
Representative APR: 16.9% APR (variable)
Purchase rate: 16.95% p.a. (variable)
Assumed credit limit: £1,200 The actual credit limit assigned to individual accounts will vary depending on a credit assessment of you
Halifax All In One
0% for 15 months
(Fee: 3% - min £3)
0% for 15 months 17.9% Details / Apply
Balance transfer fee refund offer reduces a 3% balance transfer fee to 1% on balance transfers over £100. The APR and length of the promotional offer are dependent on your personal circumstances
Representative Example
17.9% representative APR variable
17.95% p.a. variable on purchase
£1,200 credit limit
Post Office
0% for 14 months
(Fee: 2.98%)
0% for 3 months 16.9% Details / Apply
No fees on purchases overseas, no cash advance fee when purchasing Post Office Travel Money plus 15% off Post Office Annual Multi-Trip Travel Insurance
Representative Example
16.9% representative APR variable
16.9% p.a. variable on purchases
£1,200 credit limit
Barclaycard Platinum Purchase
0% for 14 months
(Fee: 2.9%)
0% for 14 months 18.9% Details / Apply
Bursting with easy ways to help you spread the cost
Representative Example
18.9% representative APR variable
18.9% p.a. variable on purchases
£1,200 credit limit
Lloyds TSB Advance
4.9% for 12 months
(Fee: 3%)
0% for 6 months 11.9% Details / Apply
Representative Example
11.9% representative APR variable
11.95% p.a. variable on purchase
£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
Barclaycard Freedom Rewards
0% for 9 months
(Fee: 2.90%)
18.9% 18.9% Details / Apply
Enjoy an amazing 10,500 Freedom bonus points worth £30 when you spend £500 or more in your first three months plus a refund reduces your balance transfer fee from 2.90% to 2.47% in June Rewards: Collect points fast and redeem them for rewards from the broadest range of high street brands, big online names and great places to spend time with your family
Representative Example
18.9% representative APR variable
18.9% 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 plus you could get 15,000 Avios when you spend £500 a month for the first three months 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

Credit cards offering permanently low balance transfer rates
Card Intro Rate
Balance Transfers
Intro Rate
Purchases
Representative APR
(variable)

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