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Balance Transfer Credit Cards

34 months 0%, 2.99% fee

If you've debts on credit or store cards, a balance transfer lets you shift them to a new card at a cheaper rate, helping you save £100s a year and get debt-free quicker. This is a full guide to finding your best card, plus our 'eligibility calculator' helps you avoid rejections which hurt your credit score.

Good / Evil Credit Card

The 5 golden rules

Before you do a balance transfer there are five things you need to know. Get this wrong and it can cost you large, so please read the following (even if you only have time to read and remember the headlines it should help protect your pocket).

  • Always clear debt or shift again before the 0% or cheap rate ends, otherwise costs rocket

    Cheap balance transfer deals are designed to make lenders money when you fail to pay them off or switch to a new 0% before the low rate ends. At that point, the interest rate jumps massively, to a standard 15%-20% APR.

    Quick question

    What can I do if I can't pay off my debt within the 0% period?

  • Repay AT LEAST the set monthly minimum (preferably more) or you may lose the cheap rate

    Just because you grabbed a 0% deal, it DOESN'T mean you can get away with paying nothing - you must pay at least the minimum monthly payments. Otherwise you will be hit with penalties and some card providers will withdraw the deal, leaving you on an expensive rate.

    Quick question

    How much should I aim to pay?

  • Don't spend or withdraw cash on cheap balance transfer cards. It's not usually at the cheap rate

    Credit cards let you spend, shift debt or withdraw cash but banks must put repayments towards the most expensive debt first. So spending on a balance transfer card isn't as bad as it was, as repayments first clear the spending, but it can still cost, as you only avoid interest if you pay off the FULL balance, including transfers and purchases.

    Quick questions

    If I need to spend, what is the best option?

    Why do I pay interest on my cash withdrawal if I've paid it off in full?

    Does withdrawing cash on a credit card affect my credit score?

  • To protect your credit score use our eligibility calculator before applying to find which cards you're most likely to get

    The only way to know if you'll be accepted is to apply, but each application marks your credit file. Some cards let you do a pre-application check to work out whether to go ahead, or you can use our balance transfer eligibility calculator, which shows your odds of getting almost every top card so you can hone your choice to minimise applications.

    Quick questions

    How does the eligibility calculator work?

    Will credit scoring affect the deal I get and my credit limit?

  • You may be able to cut your interest WITHOUT new cards

    Most cards in this guide are 0% deals, but usually require a good credit score. If your score is patchy, the Credit Card Shuffle could be the solution. It isn't the latest poker trick but our technique to allow you to shift debt around cards you have (if you're not maxed out). It's complex, but it's saved people £100s, without new cards.

    Quick question

    How do I do the credit card shuffle?

Rather watch than read? Martin Lewis balance transfer video briefing

Some people find it easier to watch than read - if that's you, here's a full video run-down on how balance transfers work.

Best Buys Longest 0% balance transfers

The best credit card deals currently break all records, though acceptance is tough (see eligibility calculator info above). When deciding which to choose, a good rule of thumb is...

Balance transfers charge a one-off fee of the amount transferred. Go for the lowest fee provided you're CERTAIN you can clear the card within its 0% length.

A lower fee can be trivial compared to interest if you don't clear the card or shift again before the 0% ends. A card with a 1% fee is £10 per £1,000 transferred. And a card with a 3% fee is £30 per £1,000, only a £20 difference, which could quickly be eaten up by interest. If unsure, go long; to help, we built the Which Card Is Cheapest? calculator.

Barclaycard Platinum 34 months

Longest 0% balance transfer card

Barclaycard Platinum* 34 months 0%, 2.99% fee

The Barclaycard Platinum* card is great for anyone who needs what is almost three years to pay it off. But if you can pay the debt off quicker, you could save by opting for a lower-fee option, such as one of the cards below. For example, a different Barclaycard* is 33 months 0% with a smaller 2.79% fee (then 18.9% representative APR), plus see far more options below.

Need to Knows
  • You're actually charged 3.5% of the amount shifted but you get 0.51% back in two days.
  • To get the deal, you must transfer existing debt in the first 60 days.
  • If youíve a poor credit rating you may get fewer than 34 months.
  • You canít transfer from another Barclaycard, so check the cards below if thatís you.
  • After the 0%, you'll pay 18.9% or 29.9% interest.
  • Our Which card is cheapest? tool explains if this is best for you.
Eligibility Calculator
(MSE's free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card

Stats box
  • Balance transfer length & fee: 34 months, 2.99% fee
  • Minimum payment: Greater of 1% of balance plus interest, 2.25% of balance or £5
  • Min income: £20,000 | Card issuer: Visa | 0% balance transfer time limit: First 60 days
  • Rate: 18.9% representative APR (see Official APR Example)
Key Questions

When may you get fewer than 34mths 0%? This is one of a group of cards which may accept you, but choose to give a shorter 0% period - in this case, 17 months 0%, which isn't a competitive deal. Most accepted applicants will get the full 34 months, but if your credit rating isn't tip-top, you're at risk of getting the shorter period - so think twice.

How does the eligibility calculator work? You can check your eligibility for the 34 month card using our Eligibility Checker. It does a 'soft' credit search of your file, which YOU can see but lenders CAN'T, so there's no impact on the chances of you getting credit.

Or use this eligibility link to check your chances of getting the 33mth Barclaycard. The results tell you your likelihood of getting this card, and all others we're able to check on this page.

Halifax* - 32 MONTHS, 2.65% FEE

Longest 0% if you already have a Barclaycard

Halifax* 33 months, 2.8% fee

The Halifax* balance transfer credit card offers a little less time at 0% than the card above but the fee's slightly lower too. So it may work out cheaper for some. Of course, if you already have a Barclaycard, you can't transfer a balance to the deal above, so this is the next best option.

Need to Knows
  • You'll be charged a fee of 3% of the amount transferred, then Halifax will credit back 0.2% within 90 days, so the effective fee is 2.8%.
  • Depending on your credit score, you may get a shorter 0% period - either 30 or 27 months.
  • You can't transfer from a Halifax card but you can from its sister firm, Bank of Scotland.
  • After 33 months, itís 18.9% interest, but poorer credit scorers will get 21.9% or 25.9%.
  • Our Which card is cheapest? tool explains if this is best for you.
Eligibility Calculator
(MSE's free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card

Stats box
  • Balance transfer length & fee: 33 months, 2.8% fee
  • Minimum payment: Greater of 1% of balance plus interest, or £5
  • Min income: n/a | Card issuer: Mastercard | Balance transfer time limit: First 3 mths
  • Rate: 18.9% representative APR (see Official APR Examples)
Fluid Balance Transfer Credit Card 29 months

Longest 0% that also lets you pay cash into your overdraft

Fluid* 29mths 0%, 2.9% fee

This Fluid* card is a few months shorter than the longest 0% but it also allows you to transfer money from it to your current account at 0% for 29 months. Though the fee to transfer to a bank account is higher at 4%, it's a powerful tool to cut overdraft costs. There is one card which with a cheaper 2.69% money transfer fee; full info on this and much more in the Money Transfers guide.

Need to Knows
  • There are better balance transfer cards, but this is the longest 0% money transfer card.
  • If you've already got a Fluid, Virgin or MBNA card, you can't do a balance transfer to this one.
  • If transferring to your overdraft, don't withdraw the cash, tell Fluid to do it.
  • After 29 months, you'll pay 20.9% interest on balance transfers, 22.9% on money transfers).
Eligibility Calculator
(MSEís free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card

Stats box
  • Balance transfer length & fee: 29 months, 2.9% fee (min £3)
  • Money transfer length & fee: 29 months, 4% fee (min £3)
  • Minimum payment: Greater of 1% of balance plus interest, or £25
  • Min income: n/a | Card issuer: Visa | Balance transfer time limit: First 60 days
  • Rate: 18.9% representative APR (see Official APR Examples)
Key Questions

How do money transfers work? With a standard balance transfer, you use one card to pay off another. A money transfer is only slightly different, in that you use the card to pay cash into your bank account. Therefore, you now have the cheap debt on the card and the cash in your bank account.

These money transfers open up all kinds of opportunities. But it's crucially important that you pay off or shift the debt before the 0% intro period ends, as money transfers have an even higher interest rate than most balance transfers - 22.9% isn't uncommon.

There are two main uses for money transfers; firstly to pay off small but costly non-card debts, like payday loans or overdrafts. The second is to use one to buy something in cash when the retailer can't accept credit cards. Whatever you want to use it for, make sure it's for planned spending, and that you've cleared the card by the end of the 0% period.

Is this the best money transfer card? That all depends on what you mean by 'best'. It's the one with the longest 0% money transfer offer, but there is one card that has a cheaper 2.69% money transfer fee, although that has a lower 24 month 0% period. See full Money Transfer credit card options.

Got those above? More 0% balance transfer cards

If the cards above don't suit you, here are some quick details of the next best. The 0% periods aren't as long, or they come with a slightly higher fee, but they're still good alternatives.

Card 0% length BT fee APRÜ Eligibility Calculator
Lloyds* Sainsburys 33 mths 2.85% 18.9% You can use our eligibility calculator for this card
Sainsbury's* Sainsburys 33 mths 2.89% 18.9% You can use our eligibility calculator for this card
Tesco* Halifax 33 mths 2.9% 18.9%
MBNA* MBNA Platinum 32 mths 2.69% 18.9% You can use our eligibility calculator for this card
  • ÜRepresentative variable APR, your balance transfer interest may be different
  • See all Official APR Examples

Best buys Lowest fee 0% balance transfers

If you can clear your debts quicker than the 0% periods above, it's possible to slash the fee you pay, cutting the overall cost of paying off your debts. Pick the one that allows the lowest fee - or no fee at all - and the most realistic timeframe for you to pay it off.

The faster you can pay your debts off, the lower the fee you'll pay. We've ordered them from lowest to highest fee, but if you can't pay it off as quickly as you'd need to with the zero or really low fee cards, scroll down for more options. Our Which card is cheapest? tool is a ready reckoner if you're not sure.

However, remember it's always better to err on the side of caution and go for a longer 0% deal than you might need.

Tescoís* 12 months 0%, no fee

NO fee. Nothing, nil, absolutely zilch

Tesco* 12 months 0%, no fee

Super-long deals are great, but they can lead to complacency about clearing debts. If itís feasible you could pay off your whole balance in just a year, Tesco's* deal will not only force you to be disciplined, but will also save you paying a fee for your transfer. If you need longer, consider the other options above and below.

Need to knows
  • Youíll either get the whole 12 months or be rejected.
  • You canít transfer a balance from another Tesco card.
  • After the 0%, itís 20.6%-26.7% interest on any remaining transferred debt.
  • Our Which card is cheapest? tool explains if this is best for you.
Stats box
  • Balance transfer length & fee: 12 months, NO fee
  • Minimum payment: Greater of 1% of balance plus interest, or £25
  • Min income: £5,000 | Card issuer: Mastercard | 0% balance transfer time limit: n/a
  • Rate: 18.9% representative APR (see Official APR Example)
nationwide-creditcard

Longer 0% length but you pay a fee to transfer

Nationwide* 15 months, 0.65% fee

If you can pay it off in just 15 months, as the fee's so low, go for this Nationwide* card above the Lloyds card below. But don't forget Tesco above is 0% for 12 months with no fee at all. If youíre a Nationwide current account customer, you could get its Select card, which gives 15 months' 0%, with a lower 0.55% fee.

Need to Knows
  • You either get the card for 15 months, or youíre rejected.
  • You must shift debt within three months of getting the card, or the fee rockets to 2.4%.
  • After 15 months, you pay 17.9% or 19.9% interest (Select customers may get 15.9%).
  • You canít transfer from another Nationwide card.
  • Our Which card is cheapest? tool explains if this is best for you.
Stats box
  • Balance transfer/purchases length & transfer fee: 15 months, 0.65% fee (min £5)
  • Minimum payment: Greater of 1% of balance plus interest, or £25
  • Min income: n/a | Card issuer: Visa | 0% balance transfer time limit: First 3 months
  • Rate: 17.9% representative APR (see Official APR Examples)
Lloyds Balance Transfer Credit Card 28 months

The best of both worlds: a long 0% deal with a low fee

Lloyds* 28 months 0%, 1.5% fee

This Lloyds Platinum* credit card offers a 0% period thatís only six months shorter than the longest balance transfer card around, but the feeís half - you pay £15 for every £1,000 you transfer, rather than about £30 on the longer deals.

Need to knows
  • You canít transfer a balance from another Lloyds card. Transfers are allowed from TSB, Halifax and Bank of Scotland (even though owned by Lloyds Banking Group).
  • This is the lowest fee for a longer term card.
  • After the 0% deal ends, itís 18.9% interest, though some will get 21.9% or 25.9%.
  • If you already have a Lloyds card, there's a Bank of Scotland* card (eligibility calculator) with the same deal, but it allows you to transfer from Lloyds cards.
  • Our Which card is cheapest? tool explains if this is best for you.
Eligibility Calculator
(MSEís free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card

Stats box
  • Balance transfer length & fee: 28 months, 1.5% fee
  • Minimum payment: Greater of 1% of balance plus interest, or £5
  • Min income: n/a | Card issuer: Mastercard | 0% balance transfer time limit: First 90 days
  • Rate: 18.9% representative APR (see Official APR Examples)

Got those above? More 0% balance transfer cards

If you didn't find a card above to suit you, here are quick details of the next best cards.

Card 0% length BT fee APRÜ Eligibility Calculator
Fluid* Fluid card 10 mths 0.35% 19.9% You can use our eligibility calculator for this card
Lloyds* Lloyds card 10 mths 0.4% 18.9% You can use our eligibility calculator for this card
Sainsbury's* TSB 12 mths 0.5% (min £3) 18.9% You can use our eligibility calculator for this card
TSB* TSB 15 mths 0.8% 17.9% You can use our eligibility calculator for this card
Tesco* Tesco 15 mths 0.85% 18.9% -
Santander* Santander 17 mths 0.9% (min £5) 18.9% You can use our eligibility calculator for this card
HalifaxHalifax 28 mths 1.5% 18.9% -
  • ÜRepresentative variable APR, your balance transfer interest may be different
  • See all Official APR Examples

Best buys 0% balance transfers & purchases credit cards

Most credit cards offer either a good deal on balance transfers OR purchases, but some do a bit of both. This means you can get a strong deal while only applying for one card, which saves damaging your credit score with unnecessary applications.

One of the top all-rounder cards is below. For more best buys and further information, see the 0% Balance Transfer & Spending guide.

Halifax* - 15mths 0%, 0.8% fee

The all-rounder of 0% cards

Halifax* 15mths 0%, 0.8% fee

This Halifax* balance transfer card offers you the opportunity to break one of MSEís golden rules and spend on a balance transfer card. The 0% period applies to both spending and balance transfers - so you won't be hit with interest on spending as you would with other cards.

Need to Knows
  • You canít transfer a balance from another Halifax card. However you can transfer from Bank of Scotland, Lloyds, TSB, AA and Saga, which are also owned by the Lloyds Banking Group.
  • After the 0% deal ends, interest rates vary from 17.9% to 25.9% - this applies to both spending and balance transfers.
  • Our Which card is cheapest? tool explains if this type of card deal could be best for you.
Eligibility Calculator
(MSEís free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card

Stats box
  • Balance transfer/purchases length & transfer fee: 15 months, 0.8% fee
  • Minimum payment: Greater of 1% of balance plus interest, or £5
  • Min income: n/a | Card issuer: Mastercard | 0% balance transfer time limit: First 90 days
  • Rate: 17.9% representative APR (see Official APR Examples)
Key Question

What is the problem with spending and doing a balance transfer on the same card?
The key problem is you can normally never avoid interest, unless you pay the whole balance off, which defeats the object of doing a balance transfer as any interest-free period on spending only applies when you pay off the entire debt.

You're charged interest on purchases from the day you make them to the day you clear them. As all payments go to clearing the most expensive debt first, they will clear the spending balance first, but there will nearly always be a period between spending and paying it off, so there will nearly always be interest to pay.

But with this card, as the 0% balance transfer and spending lengths are the same, if you cleared the entire debt (or shifted it again) by the time the 0% deal ends, you don't have that problem as the interest-free period means there is no interest to pay.

Our 0% Balance Transfers & Spending guide has more best buys.

Best buys Long-term low-rate balance transfer cards

This route can be simpler - get a card, shift your debt, then put the card away and pay it off, knowing it's cheap.

If you can pay off a 0% card in the stated time, then do that. But if you may need longer or you prefer a stable relationship like this rather than trying to be a credit card tart by switching 0% cards every time a deal runs out, these cards could be for you.

These cost money in interest each month, but could nevertheless work out the lower interest rate option as you won't end up on a sky-high rate as you would if you let a 0% deal lapse while still owing money on it.

However, there are the two big things to consider...

0% cards can be cheaper than long-term deals

You can use a long-term low-rate plastic as a personal loan


Lloyds Balance Transfer Credit Card 6.4%

Cheapest low-rate card & no fees to do a balance transfer

Lloyds* 6.4% APR, no fee

New to the long-term, low-rate market is the Lloyds* Platinum card, which offers the lowest rate on spending and balance transfers at 6.4%. There is no fee to balance transfer, making it a good deal if you can't commit to paying off your debt within a 0% period and don't trust yourself to tart from 0% to 0% when deals end.

Need to knows
  • Some people accepted for the card will get higher APRs - either 10.9% or 14.9%, which isn't a good deal. Sadly, our eligibility checker can only give your chances of getting the card, but can't predict the chances of getting the APR.
  • You canít transfer a balance from another Lloyds card.
  • You must transfer within 90 days or you'll pay a 3% fee.
  • Our Which card is cheapest? tool explains if this is best for you.
Eligibility Calculator
(MSEís free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card with MSEís free eligibility calculator

Stats box
  • Balance transfer length & fee: 6.4% interest, no fee
  • Minimum payment: Greater of 1% of balance plus interest, or £5
  • Min income: N/A | Card issuer: Mastercard | 0% balance transfer time limit: 90 days
  • Rate: 6.4% representative APR (see Official APR Example)
Key Questions

What happens if it increases the rate?
If a rate change is announced, as long as you agree not to borrow more, you have a right to reject any rise and pay off your balance at the current rate. See the Rate Jacking guide for the full rules.

Is there a time limit to transfer balances?
Yes. If you don't transfer your balance within the first 90 days, you'll pay a 3% balance transfer fee, which doesn't make this a good deal.


MBNA Low Rate*

Slightly costlier card, but best if you have a Lloyds card

MBNA Low Rate* 6.5% interest, no fee

A lot of relationships donít last, but hereís one that does. MBNAís* Low Rate lets you balance transfer at 6.5% interest for the long-term. You donít get an introductory 0%, but you also avoid nasty 20%+ APRs later on. Beware though, the rate is variable so could rise, though it won't in the first year. However, you can reject any rate rise and maintain the 6.5% rate, as long as you don't spend on the card.

Need to Knows
  • Not everybody gets the 6.5% rate, poorer credit scorers get 8.9% or 11.9% rates.
  • No balance transfers are allowed from other MBNA cards, including Virgin Money cards and MBNA-issued Amex cards.
  • This card also allows you to do a money transfer, where you take cash from the card & put it in your current account.
  • Our Which card is cheapest? tool explains if this card could be a good option for you.
Eligibility Calculator
(MSEís free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card

Stats box
  • Balance transfer length & fee: 6.5%, no fee
  • Minimum payment: Greater of 1% of balance plus interest, or £25
  • Min income: n/a | Card issuer: Mastercard | Time limit: n/a
  • Rate: 6.6% representative APR (see Official APR Examples)
Key Questions

What happens if it increases the rate?
If a rate change is announced, as long as you agree not to borrow more, you have a right to reject any rise and pay off your balance at the current rate. See the Rate Jacking guide for the full rules.

Is there a time limit to transfer balances?
No. You can transfer a balance on to the card at any time and providing the rate hasn't changed in the future, you'll only pay the 6.5% annual rate on the debt transferred.

Sainsburyís* 6.9%, no fee

Not the lowest rate, but also gives Nectar points on spending

Sainsburyís* 6.9%, no fee

If you spend at Sainsbury's or want to transfer a balance from an MBNA or Lloyds card, consider the Nectar Credit Card*. The rate is slightly higher than MBNA but you can use the card for spending at the same rate as transfers and collect Nectar points at Sainsbury's and elsewhere. Beware, the rate is variable so could rise but you can reject a rise and maintain the 6.9% if you don't spend on it.

Need to knows
  • You get 2 Nectar points per £1 on Sainsbury's shopping and fuel, 1 point per £5 elsewhere.
  • Those with poorer credit scores may get 9.9% or 11.9% interest rates.
  • The rate is variable, but canít rise during the first year.
  • You canít transfer a balance from another Sainsbury's card.
  • Our Which card is cheapest? tool explains if a low rate card is best for you.
Eligibility Calculator
(MSEís free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card

Stats box
  • Balance transfer length & fee: 6.9% representative APR for life, NO FEE
  • Minimum payment: Greater of 1% of balance plus interest, 2.25% of balance, or £5
  • Min income: N/A | Card issuer: Mastercard | 0% balance transfer time limit: N/A
  • Rate: 6.9% representative APR (see Official APR Examples)
Key Questions

What happens if it increases the rate?
If a rate change is announced, as long as you agree not to borrow more, you have a right to reject any rise and pay off your balance at the current rate. See the Rate Jacking guide for the full rules.

Can I transfer a balance from a Halifax/Bank of Scotland card?
Sainsbury's cards are provided by the Halifax/Bank of Scotland banking group. You can transfer from a Halifax or Bank of Scotland card, but not from another Sainsbury's-branded card. If this affects you, try a different card.

Best buys Easier-to-get balance transfer cards for poorer credit scorers

To be accepted for most of the card deals in this guide, you need you to have a decent credit score - so people who need cheap credit the most often struggle to get it.

The two cards in this section are aimed at different people. The Barclaycard's for those with only a very short credit history, while the Capital One card's designed for people with a history of defaults & CCJs who are trying to rebuild their credit history.

Sainsburyís* 6.9%, no fee

Best balance transfer card if you haven't had much credit before

Barclaycard Platinum* 18mths 0%, 2.9% fee

If your credit history's short and you need to build it up to get decent products, the Barclaycard Platinum* card gives 18 months at 0%, so itís still going to get you through this Christmas and the next.

Need to Knows
  • It's easier to qualify for than other cards in this guide that require a top credit score.
  • If accepted, you'll get 18 months. Barclaycard doesnít operate risk-based offers for this card.
  • You canít transfer a balance from another Barclaycard.
  • After the 0% period ends, interest varies depending on your credit score, but will be at least 24.9% so aim to clear it by then, or shift the debt again.
  • It is NOT for those with serious credit problems, such as recent CCJs or defaults.
Eligibility Calculator
(MSEís free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card

Stats box
  • Balance transfer length & fee: 18 months, 2.9% fee
  • Minimum payment: Greater of 1% of balance plus interest, 2.25% of balance, or £5
  • Min income: £17,500 | Card issuer: Visa | 0% balance transfer time limit: First 60 days
  • Rate: 24.9% representative APR (see Official APR Example)
Key Questions

Will I definitely get 24.9% APR?
Some accepted applicants with a slightly poorer credit score will be given a 29.9% interest rate as Barclaycard operates rate-for-risk pricing. This can hit the cost of your balance transfer, especially if you find you can't pay it off within the 18-month 0% period.

What should I do when the 0% ends?
After the 18 months 0% is up, any debt left on the card will start to accrue interest at 24.9% or 29.9%. Either clear the card before interest hits, or, if you can't, do a balance transfer to another card.

Capital One* - 0% until April 2015, 3% fee

A short-term respite from interest if you've a poor credit history

Capital One* 0% until June 2015, 3% fee

For those who've had past credit problems, Capital One's* Balance card provides a rare lifeline Ė even if youíve had past defaults or CCJs. The 0% on balance transfers only lasts until June 2015, so treat it as an opportunity to shift debt short-term, giving you a respite from interest which you should use to clear the card, if you can.

Need to Knows
  • After the 0%, the rate jumps to a huge 34.9% interest so clear it or transfer again by then.
  • Credit limits are low, ranging from £200 to £1,500.
  • You still have to pass a credit check and CCJs or defaults must be more than a year old.
Eligibility Calculator
(MSEís free tool)
APPLY*
(at lender site)

Protect your credit score and check chances of getting card

Stats box
  • Balance transfer length & fee: till June 2015, 3% fee
  • Minimum payment: Greater of 1% of balance plus interest, or £5
  • Min income: n/a | Card issuer: Mastercard | 0% balance transfer time limit: n/a
  • Rate: 34.9% representative APR (see Official APR Example)
Key Questions

How do I use this card best? In a perfect world, you'd shift all debts to it, repay by June and be debt-free. Yet if your debts are too big, that may not be possible. So, here's the best way to use it:

  • Shift as much debt as possible from the card(s) you have with the highest APR.
  • Use the 0% period on this card to pay as much off as possible, so that when it hits 34.9% youíve little debt left.
  • After the 0% ends, if you shifted it from a card with a lower APR than this 34.9%, try to shift the remainder back on to the original card. There should be room if youíve not spent on it Ė see the Credit Card Shuffle. If you can't shift back, then try to pay this card off as quickly as possible.

What happens when the deal ends?
This is only a short-term deal so ensure you diarise the end date and check to see if you can transfer the balance to another card then, if you still owe cash.

This will be easier if you make sure you always make the minimum repayments Ė if you donít, you may lose the deal anyway and have little chance of a new deal if your credit rating takes another hit.

Can I spend on the card?
All spending is at the huge 34.9% representative APR from day one Ė AVOID LIKE THE PLAGUE.

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Calculator Which balance transfer card is cheapest?

Choosing your balance transfer weapon's more complicated than it used to be.

The aim should still always be to repay within the interest-free time, or switch after that to another 0% deal if you haven't repaid. However, if you can't, don't automatically jump for a long-term deal, as it may not be cheapest.

This calculator reveals the cheapest of our top picks, based on your debt and likely repayments.

What's the cheapest card? Quick tool compares cost and length of using top deals

(Please tap the slider rather than drag it. Rest assured, we are working to make it easier to use.)

£1500
£0 £10,000
£100
£0 £1,000

Be careful, this is just an ESTIMATE.

The calculator estimates total costs and interest, yet it makes some assumptions.

  • It assumes repayments are fixed: If not, be safe and pick the min you'll repay in a month.
  • It assumes you won't spend on the card: As this isn't usually at the 0% rate, so avoid.
  • It assumes you won't pay the representative APR: The assumption is you'll have paid off the debt or shifted it again when the cheap deal ends.
  • Not all cards are included

Caution, this is an ESTIMATE. See assumptions.


Last Updated: November 2014

Simple reminders for card tarts.

Enter the date your 0% (or other intro rate) expires in the Tart Alert Tool and you'll be sent a text or e-mail reminder to ditch and switch. Of course, like everything else on this site, it's completely free.Try it now →

Balance transfers Q&A

  • How do I actually do a balance transfer?

  • Does a lower interest rate mean I pay less each month?

  • How much should I pay off each month?

  • If a lower interest rate doesn't mean I pay less, why bother?

  • What if the credit limit I get isn't high enough?

  • Should I cancel old cards?

  • How many times can I balance transfer?

  • At what point during tarting should I apply for a new card?

  • Will card tarting hurt my credit score?

  • What if my card's got a 0% spending deal?

  • Is the balance transfer fee interest-free as well?

  • Which cards give the best limits?

  • Why did it reject me? I've got a great credit score!

  • Why did it give me a different card to the one I applied for?

  • Any other things I should look for when picking a 0% card?

  • My question hasn't been answered yet, what should I do?

Glossary