Life Of Balance Transfer Credit cards

  • If you dont want to keep switching your balance these cards offer a low rate for the life of your balance
  • Compare the lowest rates below to see how much you could save.
  • There are 6 out of 86 cards matching this search.
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aqua Classic Credit Card
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  • 29.7% APR (Variable)
  • Start with a credit limit of £250-£1,200 and you could get an increase on your 4th statement
  • Free unlimited access to your credit report
  • Text reminders, so you need never miss a payment
Representative Example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 29.71% (variable), representative 29.7% APR (variable). Credit available subject to status.

What type of card are you looking for?

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  • Sainsbury's Bank Low Rate Credit Card

  • Balance Transfers Offer
    5.94% Variable
    (0% fee)
  • New Purchases Offer
    No Introductory Rate
    No Intro Rate
  • Representative APR
    5.9% APR
    (Variable)
  • More Info + Details
  • Additional Information

    • Provider
      Sainsbury's Bank

    Benefits

      • Interest rate and credit limit are subject to status.
      • 5,000 bonus Nectar points when you use your new Credit Card to pay for your Sainsbury's shopping or fuel at least four times in the first month from account opening. Ends 21st May 2017.
      • 2 Nectar points per £1 spend on Sainsbury's shopping or fuel. 1 Nectar point per £5 spent elsewhere.
      • No annual fee.

    Before you Continue...

    • You must be at least 18 years old to apply.
      • You must be a UK resident.
      • You must not be an existing Sainsbury's Bank Credit Card customer.
    • Min Age
      18
    • Visit Website
    • 5,000 bonus Nectar points when you use your new Credit Card to pay for your Sainsbury's shopping or fuel at least four times in the first month from account opening. Ends 21st May 2017.
    • 2 Nectar points per £1 spend on Sainsbury's shopping or fuel. 1 Nectar point per £5 spent elsewhere
  • Representative Example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 5.94% (variable), representative 5.9% APR (variable). Credit available subject to status.

  • Lloyds Bank Platinum Low Rate Credit Card

  • Balance Transfers Offer
    6.45% Variable
    (3% fee)
  • New Purchases Offer
    No Introductory Rate
    No Intro Rate
  • Representative APR
    6.4% APR
    (Variable)
  • More Info + Details
  • Additional Information

    • Min Credit
      £500
    • Provider
      Lloyds Bank

    Benefits

      • No balance transfer fee applies on balances transferred within the first 90 days of opening the account, a 3% fee applies thereafter.
      • A low representative rate of 6.4% APR (variable).
      • You may be eligible to apply for a second credit card with us. Conditions apply.
      • One simple rate for both balance transfers and purchases.
      • Manage your card online using Online Banking and Mobile Banking service.
      • Fraud protection.
      • Faster payments to your card giving more flexibility and control.
    • Contactless Payment
      Contactless payment for items up to £30

    Before you Continue...

    • You must be at least 18 years old to apply.
  • Representative Example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 6.45% (variable), representative 6.4% APR (variable). Credit available subject to status. An Introductory fee of 0% will be applied, then increasing to 3% after 90 days. (Terms and conditions apply)

  • Bank of Scotland Low Rate Credit Card

  • Balance Transfers Offer
    6.45% Variable
    (3% fee)
  • New Purchases Offer
    No Introductory Rate
    No Intro Rate
  • Representative APR
    6.4% APR
    (Variable)
  • More Info + Details
  • Additional Information

    • Min Credit
      £500
    • Provider
      Bank of Scotland

    Benefits

      • No balance transfer fee applies on balances transferred within the first 90 days of opening the account, a 3% fee applies thereafter.
      • You may be eligible to apply for a second credit card with us. Conditions apply.
      • A low representative rate of 6.4% APR (variable).
      • One simple rate for both balance transfers and purchases.
      • Manage your card online using Online Banking and Mobile Banking service.
      • Fraud protection.
      • Faster payments to your card giving more flexibility and control.
    • Contactless Payment
      Contactless payment for items up to £30

    Before you Continue...

    • You must be at least 18 years old to apply.
  • Representative Example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 6.45% (variable), representative 6.4% APR (variable). Credit available subject to status. An Introductory fee of 0% will be applied, then increasing to 3% after 90 days. (Terms and conditions apply)

  • Halifax Flexicard

  • Balance Transfers Offer
    6.45% Variable
    (3% fee)
  • New Purchases Offer
    No Introductory Rate
    No Intro Rate
  • Representative APR
    6.4% APR
    (Variable)
  • More Info + Details
  • Additional Information

    • Min Credit
      £500
    • Provider
      Halifax

    Benefits

      • A low representative rate of 6.4% APR (variable).
      • You may be eligible to apply for a second credit card with us. Conditions apply.
      • Instalment plans that can be from 2 to 36 months.
      • 0% fee on balance transfers made within the first 90 days.
      • 3% fee applies on each balance transfer made after the first 90 days. Note that balance transfers cannot be put into an instalment plan.
      • £20 cashback on your first purchase made by 31st May 2017.

    Before you Continue...

    • You must be at least 18 years old to apply.
  • Representative Example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 6.45% (variable), representative 6.4% APR (variable). Credit available subject to status. An Introductory fee of 0% will be applied, then increasing to 3% after 90 days. (Terms and conditions apply)

  • NatWest Clear Rate Platinum Credit Card

  • Balance Transfers Offer
    6.9% Variable
    (0% fee)
  • New Purchases Offer
    No Introductory Rate
    No Intro Rate
  • Representative APR
    11.1% APR
    (Variable)
  • More Info + Details
  • Additional Information

    • Annual fee
      £24
    • Min Credit
      £300
    • Provider
      NatWest

    Benefits

      • A simple, low rate for balance transfers and purchases.
      • No balance transfer fees.
      • Manage your card online.
      • Fraud protection.
    • Contactless Payment
      Contactless payment for items up to £30

    Before you Continue...

    • You must be at least 18 years old to apply.
  • Representative Example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 6.9% (variable), with a £24 annual fee, representative 11.1% APR (variable). Credit available subject to status.

  • Royal Bank of Scotland Clear Rate Platinum Credit Card

  • Balance Transfers Offer
    6.9% Variable
    (0% fee)
  • New Purchases Offer
    No Introductory Rate
    No Intro Rate
  • Representative APR
    11.1% APR
    (Variable)
  • More Info + Details
  • Additional Information

    • Annual fee
      £24
    • Min Credit
      £300
    • Provider
      Royal Bank of Scotland

    Benefits

      • A simple, low rate for balance transfers and purchases.
      • No balance transfer fees.
      • Manage your card online.
      • Fraud Protection.
    • Contactless Payment
      Contactless payment for items up to £30

    Before you Continue...

    • You must be at least 18 years old to apply.
  • Representative Example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 6.9% (variable), with a £24 annual fee, representative 11.1% APR (variable). Credit available subject to status.

0% Balance Transfers

Balance transfer deals give savvy credit card users the chance to access huge savings by banishing unwanted interest charges. By shifting your balance from an existing card to a 0% balance card, you can take advantage of low-interest rates - saving you hundreds or even thousands of pounds when repaying debt.

Because 0% balance cards allow you to pay back money at a lower rate, transfers often mean that you can pay off debt faster. Just keep in mind that you'll need to pay a small fee to switch your debt over in the first place. Fortunately, most fees are between 2.5% and 3%, a comparatively small price to pay for a faster route to a debt-free life.

How Long Does a 0% Balance Transfer Take?

In many cases, transferring to a 0% card will only take a few days. However, depending on the provider you choose, you might find that you're waiting for up to two weeks before your new card is delivered in the mail, followed by another week's wait to make the transfer.

Do I Have to Pay a Monthly Minimum?

While 0% deals can be an excellent solution for thrifty consumers, they don't mean you can avoid making any regular payments. You'll still be expected to make at least the minimum monthly payments on your debt - otherwise, you could end up facing significant penalties, or even lose your 0% deal.

When is the Best Time to Apply for a Balance Transfer?

To get the most from a 0% balance transfer, it's a good idea to apply for the switch at least three weeks before you need to pay off the balance on your old card. Keep in mind you may be required to transfer all debts within a month or two of opening the new card.

Can Money Be Transferred to My Bank Account?

Usually, 0% balance transfer credit cards should allow you to send money to your bank account with a 0% interest rate for an introductory period of a certain number of months depending on the provider.

How Much Money Can I Transfer?

Depending on the provider you choose you will be allowed to transfer a specific percentage of your credit limit, usually within the region of 90 to 95%. For example, if your credit limit is £5,000, you would be able to use £4,500 towards your balance transfers.

How Can I Repay a 0% Balance Transfer?

Most of the time, the best way to manage your debt is to create a direct debit. If you move a balance of £4,500 over to your 0% card, you could set up a direct debit for £150 a month that hopefully leaves you debt-free by the time the 0% interest rate offer expires. If you can't repay your debt by the end of the offer, you could start to rack up standard-rate interest again.

What Will My Credit Limit Be?

Following your application for a 0% card, your chosen provider should give you an insight into what your credit limit will be. It will be dependent on your circumstances as well as the provider you choose. Remember, while you might receive a sizeable credit limit on your new card, you might not pay the same rate for new purchases as you do for the initial transfer of debt. For instance, you may receive a 0% interest deal on all balance transfers for 37 months, but still be required to pay 16% interest on purchases.

Does My Credit Record Matter?

Yes. Your lender will decide your eligibility for a balance transfer, as well as credit limits and APR based on your credit record. Often, the top deals are only available to those with a clean credit record.

Helpful links for credit card issues

Money Advice Service - The government's Money Advice Service website provides concise, unbiased information on choosing and using credit cards as well as handy tools such as credit card calculators.

The UK Cards Association - The British trade association for card payment companies has an extensive range of guides on their website covering all the types of payment cards available to UK consumers including debt, credit and prepaid cards.

Financial Fraud Action (FFA) UK - The Financial Fraud Action website features important advice on using payment cards safely and securely as well as information on the latest scams.

Financial Ombudsman Service - If you've already made a complaint to your card provider and have not had your issue resolved satisfactorily then the next step is to take up your complaint with the Financial Ombudsman.

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