Featured Balance Transfer Credit Cards

Company	Logo	Name	Purchase Rate	Balance Transfer Rate	Representative APR / Annual Interest Rate	Maximum Credit Limit	Fee/Fee Type	Card Info	Card Benefits	Apply
		Barclaycard Platinum Extended Balance Transfer Credit Card	0% interest on purchases for 3 months from account opening	0% interest on balance transfers for 22 months from account opening (3.2% handling fee). Refund offer which reduces handling fee to equivalent of 2.9%.	Representative example 17.5% p.a. (variable) on card purchases. Equivalent to 17.5% APR representative (variable) based on a credit limit of £1200	Minimum credit limit : £250 Maximum credit limit: Subject to status	No Annual Fee		Not only UK's longest balance transfer offer, this card comes with Barclaycard Freedom - you automatically earn Reward Money and can redeem it on a future purchase at selected retailers within the programme. Get More Details
		Virgin Credit Card	0% for 3 months on card purchases* (from the date your account is opened)	0% on balance transfers for 20 months* Rate applies to transfers made in the first 60 days. Handling fee of 2.99% applies.	Representative example 16.8% p.a. (variable) on card purchases. Equivalent to 16.8% APR representative (variable) based on a credit limit of £1200	Minimum credit limit: £0, Maximum credit limit: Subject to status	No annual fee		0% on balance transfers for 20 months*. Remember though, you will need to do this within the first 60 days to receive the introductory balance transfer rate (2.99% handling fee applies). Get More Details
		Halifax Balance Transfer Credit Card	0% for the first 3 months on all purchases	0% for the first 22 months on balance transfers up to £3,000* (3.5% fee applies)	Representative example: 17.95% p.a. (variable) on card purchases, equivalent to 17.9% APR representative (variable) based on a credit limit of £1200	Subject to status	No Annual Fee		Halifax MasterCard offers including fantastic deals and discounts on travel, entertainment and shopping. A long introductory interest free period to help you manage your existing credit Get More Details
		Halifax 20 Month Balance Transfer Credit Card	0% for the first 3 months on all purchases	0% for the first 20 months on balance transfers (3% fee applies)	Representative example: 16.9% p.a. (variable) on card purchases, equivalent to 16.94% APR representative (variable) based on a credit limit of £1200	Subject to status	No Annual Fee		Switching your balance to the 20 Month Balance Transfer Card could help you save money, by giving you up to 20 months interest free on any amount you want to transfer, as long as it's an amount within your credit limit. Get More Details
		Nationwide Credit Card	0% on balance transfers for 17 months plus 0% on purchases for 3 months OR 0% on all new purchases for 6 months	0% on balance transfers for 17 months plus 0% on purchases for 3 months OR 0% on all new purchases for 6 months	Representative example 15.9% p.a. (variable) on card purchases. Equivalent to 15.9% APR representative (variable) based on a credit limit of £1200	Minimum credit limit: £500, Maximum credit limit: Subject to status	No annual fee		Choose the offer that's best for you - 0% on balance transfers for 17 months plus 0% on purchases for 3 months OR 0% on all new purchases for 6 months. Get More Details

1.) What is a Balance Transfer?

A balance transfer is the transferring credit card balance from one credit card to a new credit card that has a lower, more appealing interest rate. There are two types of balance transfers: limited duration balance transfers and fixed rate balance transfer.
A limited duration balance transfer provides a low interest rate on balance transfers for a specific amount of time. For example, a credit card that offers 0% interest on balance transfers for 1 year.

A fixed rate APR balance transfer offers an interest rate that will not change until the balance is repaid in full or a predetermined time period expires. For example, a credit card that charges a 7.99% interest rate until the balance is repaid.
Unfortunately, there is no such thing as a credit card that offers a “0% fixed APR balance transfer for life.” This is an urban legend that is probably based on the nightmare of a credit card executive.

2.) What is a good balance transfer offer?

Credit cards that offer 0% interest rates on balance transfers and purchases for one year are generally the best offers, as you can defer paying all credit card interest for a full year.

Most credit cards that offer 0% interest rates on balance transfers and purchases charge a 3% balance transfer fee. Although a nuisance, this fee really shouldn't influence a person's decision to do a balance transfer. Sure, incurring a $90 fee on a $3000 balance transfer may seem expensive. However, over the course of a year, you'll save around $450 on interest by transferring a balance from a credit card with a 14% interest rate. Minus the fee, your savings are still well over $300. And, if you have a higher interest rate of 19%, for example, you would save over $500 a year.

Some credit cards occasionally offer 0% APR no fee balance transfers. Over the past three years, the amount of no fee balance transfer credit cards available to consumers has declined significantly. However, these credit cards still do exist.

Unfortunately, it is extremely rare to find a credit card that offers 0% no fee transfers for more than six months, and impossible to find one that also offers a 0% interest rate on purchases. Thus, if you want to save on the interest expenses you would incur making new purchases, a credit card that offers a 0% interest rate on purchases and balance transfers may be the best option.

3.) How much can I save with a new balance transfer credit card?

At current rates, the average consumer can save $140 for every $1,000 transferred. The exact amount you’ll save will vary on based on your current interest rate. To find out how much you can save on interest, use our balance transfer calculator to get an estimate.

The Benefits of 0% APR Balance Transfer Credit Cards

A good 0% balance transfer credit card will charge no interest on balance transfers and purchases for 1 year. Most of these credit cards will charge a balance transfer fee of 3%. Factoring in these transfer fees, a $2000 balance transfer would save you $220. Plus, if you use your card for $1500 in new purchases, the 0% rate on purchases will save you an additional $200 in interest, bringing your total one year savings to over $400.
Do you know how much money you waste on interest every year? For the average consumer, this figure is somewhere around $140 for every $1000 of credit card debt. This means that someone with $3,000 in debt spends over $400 a year on interest. That's enough money to have a few nice dinners, buy some new clothes, or fly somewhere nice for a vacation. For someone with $10,000 in credit card debt, the $1,400 saved could be spent on rent, a mortgage payment, a vacation.or a nice wide screen TV. Interest adds up quickly. Fortunately, it's an expense you can avoid.


If you're transferring a larger balance, the savings can be quite substantial. Someone transferring $7,000 to a 0% credit card can save close to $1000 on interest in just one year.

0% balance transfers provide an excellent way to defer paying credit card interest. The money you can save with even a small balance transfer can be significant. Yet however tempting it may be to spend the extra money for luxuries, perhaps the best way to maximize the savings you get from a 0% credit card is to use the money you save to pay down your credit card balances.

At UkCreditCardCentre.co.uk we allow you to compare a wide range of 0% balance transfer credit card offers from leading banks and financial institutions. Learn how balance transfers work with articles to help you save the most money possible when you transfer a credit card balance online. Since 2000, we have helped thousands of consumers find new credit cards and transfer balances online. We designed this website to provide visitors like you with the targeted information necessary to maximize the savings that can be reaped with a balance transfer credit card.