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<Credit cards

Balance transfer credit cards

Save on interest with a 0% balance transfer card

Moving an existing debt to a card that charges 0% on balance transfers could see you save money on interest

Find a balance transfer credit card

Enter a few details about yourself to compare our best balance transfer cards for you from leading providers.
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Author
Salman Haqqi
Editor
James Andrews
Last updated
July 17, 2023
39 results found, sorted by payment term and costs.
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Existing customers only
NatWest Balance Transfer Credit Card

NatWest Balance Transfer Credit Card

Interest on balance transfers
0%for14months with no fee
Representative APR (variable)
24.9%APR
Balance transfer fee
No fee
Pay the balance over
20months with fees & interest of£43.42
Representative example:
The standard interest rate on purchases is 24.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 24.9% (variable).
Additional information
  • 0% for 14 months from account opening on balance transfers made within the first 3 months, after which standard rates apply.
  • No fee to transfer a balance to this credit card.
  • 0% on purchases for 3 months from account opening, thereafter standard rates apply.
  • Balance transfers are limited to 95% of your available credit limit. The minimum balance transfer amount is £100.
  • You can transfer your balance from most credit cards and store cards, but not other NatWest Group cards.
Eligibility
  • be a UK resident
  • be 18 or older
  • Earning at least £10K per year
  • Your credit limit and APR are subject to status
  • Interest is payable in line with RBS/NW T&Cs. Balance transfers limits apply
  • No transfers from other NatWest Group cards
Existing customers only
Royal Bank of Scotland Balance Transfer Credit Card

Royal Bank of Scotland Balance Transfer Credit Card

Interest on balance transfers
0%for14months with no fee
Representative APR (variable)
24.9%APR
Balance transfer fee
No fee
Pay the balance over
20months with fees & interest of£43.42
Representative example:
The standard interest rate on purchases is 24.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 24.9% (variable).
Additional information
  • 0% for 14 months from account opening on balance transfers made within the first 3 months, after which standard rates apply.
  • No fee to transfer a balance to this credit card.
  • 0% on purchases for 3 months from account opening, thereafter standard rates apply.
  • Balance transfers are limited to 95% of your available credit limit. The minimum balance transfer amount is £100.
  • You can transfer your balance from most credit cards and store cards, but not other NatWest Group cards.
Eligibility
  • be a UK resident
  • be 18 or older
  • Earning at least £10K per year
  • Your credit limit and APR are subject to status
  • Interest is payable in line with RBS/NW T&Cs. Balance transfers limits apply.
  • No transfers from other NatWest Group cards
Virgin Money Balance Transfer Credit Card (20 Mths) (23.9%)

Virgin Money Balance Transfer Credit Card (20 Mths) (23.9%)

Interest on balance transfers
0%for20months with a2%fee
Representative APR (variable)
23.9%APR
Balance transfer fee
2%
Pay the balance over
20months with fees & interest of£60.00
Representative example:
The standard interest rate on purchases is 23.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 23.9% (variable).
Additional information
  • Virgin Money Cashback offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
  • 20 months 0% on balance transfers (2% transfer fee)
  • 12 months 0% on money transfers (4% transfer fee)
  • 3 months 0% on purchases
Eligibility
  • be 18 or older
  • be a UK resident
  • have good credit history
  • no balance transfers from Clydesdale Bank PLC
  • additional criteria for acceptance from the lender may apply
Tesco Bank Low Fee Balance Transfer Credit Card

Tesco Bank Low Fee Balance Transfer Credit Card

Interest on balance transfers
0%for15months with a0.99%fee
Representative APR (variable)
24.9%APR
Balance transfer fee
0.99%
Pay the balance over
20months with fees & interest of£60.39
Representative example:
The standard interest rate on purchases is 24.94% p.a. (variable), so if you borrow £1,200 the Representative APR will be 24.9% (variable).
Additional information
  • 0% interest on balance transfers for 15 months from account opening, with a 0.99% transfer fee.
  • You might get a different interest rate or those shown here, because these depend on your circumstances
  • Balance transfers must be made within the first 90 days to get the promotional offer. You can transfer up to 95% of your available credit limit. You can't transfer a balance from another card issued by Tesco Bank
  • Collect Tesco Clubcard points almost everywhere you use your card, on top of your usual Clubcard points in Tesco. Minimum spend applies.
Eligibility
  • be a UK resident
  • be 18 or older
  • have a good credit rating
  • not have been declined for credit in the last month
  • hold no more than one Tesco Bank Credit Card
  • have an annual income of at least £5,000
  • additional criteria for acceptance from the lender may apply
Virgin Money Balance Transfer Credit Card (20 Mths) (27.9%)

Virgin Money Balance Transfer Credit Card (20 Mths) (27.9%)

Interest on balance transfers
0%for20months with a2.5%fee
Representative APR (variable)
27.9%APR
Balance transfer fee
2.5%
Pay the balance over
20months with fees & interest of£75.00
Representative example:
The standard interest rate on purchases is 27.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 27.9% (variable).
Additional information
  • Virgin Money Cashback offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
  • 20 months 0% on balance transfers (2.5% transfer fee)
  • 12 months 0% on money transfers (4% transfer fee)
  • 3 months 0% on purchases
Eligibility
  • be 18 or older
  • be a UK resident
  • have a good credit history
  • no balance transfers from Clydesdale Bank PLC
  • additional criteria for acceptance from the lender may apply
Barclaycard Platinum Balance Transfer (27 Mths)

Barclaycard Platinum Balance Transfer (27 Mths)

Interest on balance transfers
0%for27months with a2.75%fee
Representative APR (variable)
24.9%APR
Balance transfer fee
2.75%
Pay the balance over
20months with fees & interest of£82.50
Representative example:
The standard interest rate on purchases is 24.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 24.9% (variable).
Additional information
  • Earn up to 15% cashback automatically when you spend at a range of participating retailers with Barclaycard Cashback Rewards. This is a new benefit, available to all Barclaycard Visa credit card customers. T&Cs apply.
Eligibility
  • be a permanent UK resident
  • be 21 years or over
  • not have had any Individual Voluntary arrangements, County Court Judgements and must not have been declared bankrupt
  • not already hold a Barclaycard credit card
  • best suited to customers with an income of £20,000
  • additional criteria for acceptance from the lender may apply
Tesco Bank Balance Transfer Credit Card

Tesco Bank Balance Transfer Credit Card

Interest on balance transfers
0%for22months with a2.75%fee
Representative APR (variable)
24.9%APR
Balance transfer fee
2.75%
Pay the balance over
20months with fees & interest of£82.50
Representative example:
The standard interest rate on purchases is 24.94% p.a. (variable), so if you borrow £1,200 the Representative APR will be 24.9% (variable).
Additional information
  • 0% interest on balance transfers for 22 months from account opening, with a 2.75% transfer fee.
  • You might get a different interest rate or those shown here, because these depend on your circumstances
  • Balance transfers must be made within the first 90 days to get the promotional offer. You can transfer up to 95% of your available credit limit. You can't transfer a balance from another card issued by Tesco Bank
  • Collect Tesco Clubcard points almost everywhere you use your card, on top of your usual Clubcard points in Tesco. Minimum spend applies.
Eligibility
  • be a UK resident
  • be 18 or older
  • have a good credit rating
  • not have been declined for credit in the last month
  • hold no more than one Tesco Bank Credit Card
  • have an annual income of at least £5,000
  • additional criteria for acceptance from the lender may apply
Uswitch Limited is a credit broker, not a lender, for consumer credit.
Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

What are balance transfer credit cards?

A man is sat at a desk with a laptop, holding a credit card and phone

If you're paying a high interest rate on existing credit card debts, it may be cheaper to transfer some or all of your borrowing to a card where you don't pay any interest for a set period of time.

This gives you a chance to pay off your debt, saving you a significant sum of money.

These types of credit cards are called balance transfer credit cards.

Value of balances transfer transactions in Nov '22[1]
£590million

How do balance transfer credit cards work?

When you move to the new 0% balance transfer card, your credit card debt will be interest free for a set period of time - often up to two years or more. After that, the interest rate (known as the APR) will revert to a higher rate.

During the 0% interest period you can pay off your credit card debt in regular instalments.

By transferring over your old credit card, or store card balance to a new card you will have some financial breathing space.

There's often a charge for this - you may pay a fee based on a percentage of the value of the debt you have transferred across.

Fee-free balance transfer cards tend to offer shorter 0% periods."

Average 0% balance transfer periods
How long you'll get interest free with different sords of balance transfer cards.

Source: Defaqto and Uswitch data - correct as of 17 July, 2022

How to compare balance transfer cards

There are a few things to look for when comparing balance transfer credit cards, and consider the terms and conditions of the different cards available.

Balance transfer period

The 0% interest period is the most impart aspect of a balance transfer card, as this determines who long you'll have to pay off your balance without paying any interest. The longer it is, the lower our monthly instalments can be to pay off the balance.

Balance transfer fee

There many cards that don't charge a few for transferring your balance. Typically, for the the cards with the longest 0% periods, you'll likely have to pay a fee. Usually it ranges between 1% and 4% of amount transferred.

APR

The APR is is the interest rate you'll be charged once the interest free period ends. If you intend to keep using your card after the 0% period ends, ideally you want to get a card with lowest APR you can be approved for.

Watch: How do balance transfer credit cards work?

What does a 0% balance transfer offer cover?

A credit card might offer a 0% balance transfer rate that lasts years. But it might only offer a few months of interest free spending.

Generally, it’s better to have your balance transfer credit card just for balance transfers. But it’s worth knowing what rates you’ll be paying for spending on it too, just in case you need to.

If you have a large debt to pay, try to avoid spending on the card after transferring a balance to it.

Or if you're looking for a card that offers a good rate on both, you might want to consider a 0% balance transfer and purchase credit card.

No. of BT transactions in Nov '22[1]
355,110

Is it worth having a 0% balance transfer card?

A 0% balance transfer credit card can be a useful for:

  • Reducing your monthly outgoings

  • Manage all of your credit card borrowing

  • Transfer debt from existing credit cards with 0% introductory deal

You can pay off your debt over a longer period, without worrying about paying extra in interest repayments.

This can be a good way to save money on the cost of paying back your credit card debt, as you can pay down the balance without paying the interest charges.

Make sure you check when the 0% offer ends

  • 0% balance transfer offers do not last forever

  • When the introductory offer ends, the interest will go back to a more expensive standard rate

  • When you transfer your credit card balance to a new card, always make a note of when the introductory 0% interest rate ends

  • You may wish to consider moving any outstanding balance to a new balance transfer card, that way you can pay it off without costly interest payments

It's important to have a plan to repay the balance, so don't lose money on interest."

FAQs

What is the APR?

APR is there to help you compare credit card deals more easily. APR stands for annual percentage rate.

It helps you work out what the credit card will cost you once your 0% introductory period ends. A higher APR means higher repayments.

APR takes into account the interest rate and standard additional fees associated with the credit card offer.

Could I get a shorter introductory period than advertised?

Be careful. Where you’ve had credit problems in the past you might be given a shorter introductory period than you see advertised which may not make the offer as attractive. If your credit rating is lower, you may be offered a less attractive deal. For this reason, it is a good idea to get your credit rating into the best shape possible.

What is the true cost of the balance transfer fee?

Most credit card providers charge a balance transfer fee of around 3% when you move your debt from one card to another. This varies between cards and providers.

As the fee is worked out as a percentage, the cost of the transfer fee will rise with the amount you transfer.

Could I get a higher APR than advertised?

The rate you see advertised isn’t necessarily the rate you will get. Credit card providers only have to give the typical APR they advertise to 51% of successful applicants. If you don’t have a good credit score, you might be given a higher APR.

Check that the rate you see advertised is the rate you will actually get to avoid a shock when your first statement arrives. Again, getting your credit rating into good shape will help your chances of getting the best deals.

Are money transfers included?

Sometimes. Some balance transfer credit cards will also include 0% on money transfers. Money transfers allow you to pay money from your balance transfer cards into your current account. So you can pay off overdraft debt, not just credit card debt.

These deals will also come with a fee, usually around 4%, but this will vary from provider to provider.

Finding the best balance transfer cards

The best balance transfer credit card for you will depend on your needs. But to help you find the best deal you should look for:

  • Lowest APRs

  • 0 balance transfer fees

  • Longest 0% introductory periods

Also consider what other features you might need including:

  • Money transfers

  • 0% purchases

Can I get a balance transfer credit card with bad credit?

Your options for balance transfer credit cards will be limited if you have bad credit. Most credit cards transfer deals will only accept people with a good or excellent credit rating.

You might have a higher chance of being approved for a credit card for bad credit.

How Uswitch compares credit cards

What does ‘most popular’ and ‘popularity’ mean?

When we use the term ‘most popular or ‘popularity’ on Uswitch in reference to credit cards, these cards are ranked by the number of clicks they have received on the site in the past 30 days.

The most clicked on cards are at the top, with the least at the bottom. This reflects how popular they are with visitors to Uswitch.com. Consequently, this is a good table to look at if you’re interested in seeing which cards most people think are worth getting.

Does Uswitch compare all the credit cards on the market?

We compare over 100 credit cards from all of the major banks and credit card providers.

However, we do not compare all the credit cards that are available in the UK.

This is because some credit card providers have offers that are only available exclusively through their own website or branch, or through other comparison websites - in the same way some credit cards are exclusively available through Uswitch.

There are also many credit cards that are only available to people in member organisations and clubs.

Credit card guides

Find out more about how credit cards work with our in-depth guides
How many credit cards can you have?
How many credit cards can you have?
How to use a credit card
How to use a credit card
What are the differences between credit and debit card?
What are the differences between credit and debit card?
Find more guides here

About the author

Author imageSalman Haqqi
Salman Haqqi
Salman Haqqi has over a decade of experience as a journalist in several countries around the world. In recent years, he has turned his focus to helping people make confident financial decisions and regularly comments in the media about personal finance.

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References

1. UK Finance card spending statistics: November 2022