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Additional Balance Transfer Credit Card Details |
The
VIRGIN CREDIT CARD
When you take out a Virgin Credit Card, you get more than just
a nice piece of plastic.
- 0% for 16 months on balance transfers (from the date your account is opened. Transfers to be made within first 60 days. 2.98% handling fee applies)
- 0% p.a. for 3 months on card
purchases*
- 16.6% APR
typical rate (variable)
** To qualify for a Virgin Credit Card you must meet the following criteria:
. You are at least 25 Years of Age
. You have a Good Credit History
. You are in full time employment
. You are a permanent resident/citizen of the UK
. You have a Bank or Building society account
You'll also get 50 interest free days
on your card purchases, as long as you pay your statement balance
in full and on time every month.
Apply
Now for the Virgin Credit Card.**
MBNA Platinum Card Features:
- 0% on balance transfers for 13 months (2.9% handling fee). For this great rate your balance needs to be transferred within the first 90 days of opening your account
- 0% on card purchases for 3 months from the date your account is opened.
- 0% on money transfers for 13 months on transfers from your credit card to your current account (4% handling fee). Remember for this great rate you need to transfer money within the first 90 days of opening your account.
- Typical rate 16.9% APR (variable)
- Want to see our rates explained? - Click Here for an explanation.
- Online Banking - Access your account to view your PIN, check your balance and transactions, set up direct debits, carry out balance transfers and much more
MBNA Credit Card Approval Criteria:
- You are currently employed
- You are over 23 years of age
- You are a homeowner
- You have an income of over £20,000
- You do not have any recent credit defaults (CCJ's, current arrears or missed payments) on credit cards / loans / mortgages
- You are a resident in the UK and can prove residential addresses for the past two years
Apply
for the MBNA Platinum Plus Credit Card
The MBNA Platinum
Plus Visa now gives you 0% on balance transfers for 13 months (2.9% handling fee) AND 0% on card purchases for 3 months, 16.9%
APR Typical rate (variable). Plus,
unlike some other lenders, we guarantee that if your application
is successful the rate you apply for is the rate you’ll
There is no annual fee to pay and
no liability or excess to pay for theft, loss or fraudulent
Internet use - as long as you tell us as soon as your card
cannot be found or you notice any unusual transactions on
your account.
Take
control of your money with 0% from Egg
Visa Card
Our Amazing 0% Offers
- 0% interest until 1 May 2011 on balances transferred before 1 June 2010**
- 0% interest until 1 June 2010 on new purchases
- 16.9% APR typical variable
Plus...
- Great deals and discounts at selected retailers.
- Paperless application process - faster, easier and hassle-free.
- Online servicing 24 hours a day, every day.
- No annual fee.
- Savings on Egg Insurance Egg's insurance products.
- Interest-free grace period
- Convenient balance transfers
Are you eligible to apply for an Egg Card? You need to satisfy certain requirements i.e. that you're over 18 and are permanently resident in the UK (excluding the Channel Islands and Isle of Man).
Please check that you meet the full eligibility requirements.
To Apply Now, or for more information, Click Here
*2.5% handling fee on anniversary balance transfers,
**3% handling fee on all introductory balance transfers
 The only credit card you'll ever need
Start saving today with a Halifax All In One Credit Card
* 0% for the first 9 months on balance transfers made in the first 90 days (3% fee).
* 0% for the first 9 months on everything you buy with your Halifax All In One Credit Card.
Simply apply today and transfer your outstanding balances from other credit or store cards in the first 90 days and you'll pay 0% interest for a whole 9 months. All you pay is a 3% fee.
And you'll get a great rate of 15.9% APR typical variable.
To apply for a Halifax credit card you must:
- Be aged 18 or over
- Be a UK resident
- Be in employment (receiving an annual salary)
- Have a telephone number you can be contacted on
But, you must not:
- Have been declined for a Halifax or Bank of Scotland Credit Card in the last 6 months
- Have any CCJs
- Have missed payments on your current store cards, credit cards, loans or mortgages
- Be bankrupt
To benefit from the 0% rate, you must stay within your credit limit and make your monthly payments on time.
APPLY ONLINE NOW! It's so easy; you'll be done in minutes.
 
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Featured Balance Transfer Credit Cards |
Balance Transfer Credit Cards
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Credit Card Balance Transfers Explained |
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.
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09/03/10 16:41 from Reuters: Business News
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09/03/10 16:03 from Reuters: Business News
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09/03/10 15:35 from Reuters: Business News
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09/03/10 15:27 from Reuters: Business News
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09/03/10 14:32 from Reuters: Business News
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» EU monetary fund idea played down
09/03/10 10:49 from Reuters: Business News
LUXEMBOURG/FRANKFURT (Reuters) - European policy makers played down on Tuesday the idea of creating a European Monetary Fund, saying it was at most a long-term project that did not offer a solution to Greece's immediate debt problems.
» Chevron puts Pembroke refinery up for sale
09/03/10 10:44 from Reuters: Business News
NEW YORK (Reuters) - Chevron Corp , the second-largest U.S. oil company, put several of its downstream operations up for sale, including its Pembroke refinery in the UK, and said it would eliminate 2,000 jobs this year.
» EADS hit by tanker loss
09/03/10 09:48 from Reuters: Business News
PARIS (Reuters) - Airbus parent EADS has ruled out making a solo bid for a lucrative U.S. tanker contract after its partner pulled out and said production problems on its A380 superjumbo would hit core profit this year.
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Virgin Card Details
- 0% p.a. on balance transfers for 16 months (2.98% admin fee applies)
- 0% on card purchases for 3 months
- Typical rate 16.6% APR (variable)
- Discounts on Virgin Holidays and other Virgin products
- No annual fee
- Manage your account online
- Minimum Age: 18 years
Virgin Card Approval Criteria:
- You are at least 25 Years of Age
- You have a Good Credit History
- You are in full time employment
- You are a permanent resident/citizen of the UK
- You have a Bank or Building society account
Barclaycard Platinum Details:
- Pay no interest on balance transfers until February 2011 (Handling fee of 2.5% applies).
- 0% on card purchases for 3 months.
- Typical rate 12.4% APR (variable).
- Go Contactless - Make purchases of £10 and under in an instant wherever you see the wave symbol.
- Maximum 56 days on new purchases if you pay in full and on time each month. No interest free period on balance transfers, cash withdrawals or cheques.
- Minimum credit limit £250, maximum subject to status.
- No Annual Fee.
Barclaycard Platinum Approval Criteria:
- Have a good credit rating
- You have no history of bankruptcy
- You have not had any County Court Judgments (CCJs) or Individual Voluntary Arrangements (IVAs) registered against you in the past 5 years
- You have a history of managing credit commitments well i.e. have existing credit and at least 4 years of experience managing credit cards, loans, overdraft or mortgage
- You have always made payments on time
- Don't already have a Barclaycard
- Have had a permanent UK address for 3 months or more
- Have a regular income of more than £20,000 pa
- Excluding a mortgage, your debt on credit cards or store cards is less than 10% of your income
- Are aged 21 or over
HSBC MasterCard Details:
- 0% for 15 months on balances transferred within 30 days of you opening your account. 2.9% balance transfer fee applies (minimum £5).
- 0% on purchases for 3 months from account opening Typical 16.9% APR variable after introductory period.
- No annual fee to pay.
- Card security – five security measures to give you confidence when you spend.
- The HSBC MasterCard is currently only available to existing HSBC current account customers.
HSBC MasterCard Approval Criteria:
- Have an HSBC current account
- Pay more than £500 monthly into your current account
- Have a salary of £8,500 or more
- If you're a student account holder you don't need to pay a minimum amount or salary into your account
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