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Longest 0% balance transfer cards – which is best?

There are now plenty of 0% balance transfer cards offering interest free periods of more than three years

Are you paying interest on your credit card balance? A 0% balance transfer card, which enables you to defer paying interest on your debts for a set period, often in exchange for an upfront transfer fee.

41 and 40 month balance transfer cards

These cards are currently offer the longest period you can go without paying interest on your transferred card debts.


Halifax are leading the market with a 41 monnth interest free period, with a 3.5% transfer fee.

It’s worth checking if that extra month of no interest is worth an upfront fee that’s a bit higher than fees under 3% available for a 40 month 0% balance transfer card.

  • Cost of 3.5% fee for £1,200 balance transfer: £42
  • No transfers from: Halifax or Lloyds Banking Group cards


As well as 41 0% balance transfers, Virgin offer 0% on money transfers. This effectively allows you to borrow cash with 0% interest charges for 41 months.

  • Cost of 4% fee for £1,200 transfer: £48
  • No transfers from: Virgin Money cards

Lloyds Bank

This card from Lloyds is slightly cheaper upfront than the 41 month 0% credit cards, so while it might not be top of table for 0% periods, it might well work out as better value.

  • Cost of 2.41% fee  (initial 3% fee refunded to 2.41%) for £1,200 balance transfer: £28.92
  • No transfers from: Lloyds Bank or Bank of Scotland cards

How much could you save?

Use our calculator below to enter your card balance and interest rates to see how much you you could stand to save with a 0% balance transfer card.

Are the cards with the longest 0% period the best?

Not necessarily, which card is best for you depends on how long you will take to pay off your card debts.

If you can pay them off within one or two years, there are balance transfer cards with 0% periods between 6 and 24 months that charge no transfer fees, such as the Santander 123 card or Halifax’s 25 Months Balance Transfer Card.

This means, if used wisely, the right balance transfer card could make your card debts cost nothing at all.

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