Balance Transfer cards

If you incur regular interest charges on a credit card, why not consider a balance transfer card to help finance short term debt?

A balance transfer card, for a small fee, can be used to pay off existing debt on another credit card at 0% APR for a certain amount of time. You then pay back this card, meaning your money is going towards paying off debt rather than paying interest fees.

Here are some of the top balance transfer cards from Moneysupermarket.com (correct on 15 Dec 2017): 

We are not sponsored by or affiliated with Moneysupermarket.com or any of the following card companies. 


Sainsbury's Bank

Sainsbury's Bank No Balance Fee Credit Card

Interest free period

0% 28 months

balance transfer offer
Then 18.95%

Fees

0% fee

on transferred balances

Representative APR

18.9% APR

variable

Representative Example: If you spend £1,200 at a purchase interest rate of 18.95% p.a. (variable) your representative rate will be 18.9% APR (variable).


MBNA

MBNA Platinum Credit Card

Interest free period

0% 32 months

balance transfer offer
Then 21.9%

Fees

0.55% fee

on transferred balances

Representative APR

19.9% APR

variable

Representative Example: If you spend £1,200 at a purchase interest rate of 19.9% p.a. (variable) your representative rate will be 19.9% APR (variable).


Lloyds Bank

Lloyds Bank Low Fee Balance Transfer Offer Credit Card

Interest free period

0% 33 months

balance transfer offer
Then 18.94%

Fees

0.57% fee

on transferred balances

 

Representative APR

18.9% APR

variable

Representative Example: If you spend £1,200 at a purchase interest rate of 18.94% p.a. (variable) your representative rate will be 18.9% APR (variable).


 
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