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)
Asda Cashback
0% for 12 months
(Fee: 3% or 3 whichever is greater)
19.9% 19.9% Details / Apply
To apply for a card, you should be aged 18 or over, not have County Court Judgements or Court Decrees or be bankrupt or otherwise insolvent, have a minimum annual income of 10,000 and not be claiming
unemployment benefits.
Cashback: 1% for every 1 spent in Asda and on George.com and 0.5% for every 1 spent elsewhere
Representative Example
Representative 19.9% APR variable
19.9% p.a. variable on purchases
No annual fee
Based on an assumed credit limit of 1,200
AA Low Rate
6.5%
(Fee: No fee)
6.5% 6.5% Details / Apply
Enjoy a low rate plus no annual or balance transfer fees with the AA Low Rate Credit Card
Representative Example
6.5% representative APR variable
6.5% p.a. variable on purchases
No annual fee
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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