Best Balance Transfer Credit Cards

Updated: 17th January, 2019.

We’ve vetted some of the most popular credit cards on the market to bring you our shortlist of the best credit cards for balance transfers. These cards can be great for those looking to consolidate credit or gain some flexibility in paying down credit balances.


Great for: Really long balance transfer period
5 stars question mark

The M&S Transfer Plus card gives you a very long 28 months of 0% interest on balances transferred in the first 90 days. Users will have to cough up a balance-transfer fee, but at 0.99%, it’s lower than most BT fees. Balancing that out, the M&S Transfer Plus also offers 0% for 6 months on purchases and M&S rewards on all purchases.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest for 28 months on balance transfers (0.99% fee applies)
  • 0% interest on purchases for 6 months
  • M&S rewards points at M&S and elsewhere

REPRESENTATIVE EXAMPLE

Representative rate 19.9% APR (variable)
Purchase rate 19.9% p.a. (variable)
Assumed credit limit £1,200

what we like

  • 0% interest for 28 months on balance transfers (0.99% fee applies)
  • 0% interest on purchases for 6 months
  • M&S rewards points at M&S and elsewhere
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    19.9%
  • INTRO OFFER:

    0% on balance transfers for 28 months, available for 90 days from account opening
    0% on purchases for 6 months

KEY SCORES:

  • 5/5 Perks
  • 4/5Fees
  • 3/5APR

HIGHLIGHTS

  • 0% interest for 28 months on balance transfers (0.99% fee applies)
  • 0% interest on purchases for 6 months
  • M&S rewards points at M&S and elsewhere

REPRESENTATIVE EXAMPLE

Representative rate 19.9% APR (variable)
Purchase rate 19.9% p.a. (variable)
Assumed credit limit £1,200
Great for: Really long balance transfer period
4 stars question mark

Take a look around and you’ll see balance-transfer offers declining. That makes the 32 months on HSBC’s Balance Transfer Card more impressive. There is a balance-transfer fee, but at 1.4%, it’s lower than the typical BT fee. And right now HSBC is offering £25 cashback on balance transfers of £300.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest for 32 months on balance transfers made in first 90 days (1.4% fee applies)
  • 0% interest on purchases for the first 3 months
  • Limited time: £25 cashback on balance transfers of £300

REPRESENTATIVE EXAMPLE

Representative rate 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Based on an assumed credit limit of £1,200

what we like

  • 0% interest for 32 months on balance transfers made in first 90 days (1.4% fee applies)
  • 0% interest on purchases for the first 3 months
  • Limited time: £25 cashback on balance transfers of £300
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    21.90%
  • INTRO OFFER:

    £25 cashback on balance transfer of £300

KEY SCORES:

  • 5/5 Perks
  • 4/5Fees
  • 1/5APR

HIGHLIGHTS

  • 0% interest for 32 months on balance transfers made in first 90 days (1.4% fee applies)
  • 0% interest on purchases for the first 3 months
  • Limited time: £25 cashback on balance transfers of £300

REPRESENTATIVE EXAMPLE

Representative rate 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Based on an assumed credit limit of £1,200
Great for: Balance transfers with no fee
4.5 stars question mark

Simple is good, and with this Lloyds Bank Platinum balance transfer card you get 20 months of 0% interest on balance transfers and you pay no fee on balances transferred within the first 90 days. In addition, cardholders get an extra kicker of 6 months 0% interest on purchases. If you’re looking to consolidate credit, simplify, or just give yourself some more flexibility on paying down balances, this could be a nice choice.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest for the first 20 months on balance transfers
  • 0% interest on purchases over the first 6 months

REPRESENTATIVE EXAMPLE

A variable annual purchase rate of 19.94%
A variable representative 19.9% APR
Based on borrowing (over 12 months) £1,200
An annual fee of £0

Credit limits and interest rates vary based on your individual circumstances.

what we like

  • 0% interest for the first 20 months on balance transfers
  • 0% interest on purchases over the first 6 months
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    19.9%
  • INTRO OFFER:

    20 months 0% interest on balance transfers
    6 months 0% interest on purchases

KEY SCORES:

  • 4/5 Perks
  • 5/5Fees
  • 3/5APR

HIGHLIGHTS

  • 0% interest for the first 20 months on balance transfers
  • 0% interest on purchases over the first 6 months

REPRESENTATIVE EXAMPLE

A variable annual purchase rate of 19.94%
A variable representative 19.9% APR
Based on borrowing (over 12 months) £1,200
An annual fee of £0

Credit limits and interest rates vary based on your individual circumstances.

Great for: Long balance transfer period with low fee
4 stars question mark

You can find longer balance-transfer periods than the 24 months offered here. But long BT periods almost always come with fees, and they can be as much as double the 1.5% on this card. Add to that 12 months of 0% interest on purchases.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest for 24 months on balance transfers made in first 90 days
  • 0% interest on purchases for 12 months
  • 1.5% balance transfer fee

REPRESENTATIVE EXAMPLE

A variable annual purchase rate of 19.94%
A variable representative 19.9% APR
Based on borrowing (over 12 months) £1,200
With an annual fee of £0

what we like

  • 0% interest for 24 months on balance transfers made in first 90 days
  • 0% interest on purchases for 12 months
  • 1.5% balance transfer fee
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    19.9%
  • INTRO OFFER:

    24 months 0% interest on balance transfers
    12 months 0% interest on purchases

KEY SCORES:

  • 4/5 Perks
  • 4/5Fees
  • 3/5APR

HIGHLIGHTS

  • 0% interest for 24 months on balance transfers made in first 90 days
  • 0% interest on purchases for 12 months
  • 1.5% balance transfer fee

REPRESENTATIVE EXAMPLE

A variable annual purchase rate of 19.94%
A variable representative 19.9% APR
Based on borrowing (over 12 months) £1,200
With an annual fee of £0
Great for: Balance transfers with no fee
4.5 stars question mark

This Halifax Balance Transfer card strikes a nice balance between offering 20 months of 0% interest on balance transfers, along with no-fee balance transfers over the first 90 days. A nice additional perk is a 6-month window for 0% interest on purchases. In all, this is a nice choice for those looking for some time to pay down balances without racking up extra interest charges.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest for 20 months on balance transfers
  • No fees on balance transfers in first 90 days
  • 0% interest on purchases for the first 6 months

REPRESENTATIVE EXAMPLE

A variable representative of 19.9% APR
A variable annual purchase rate of 19.95% p.a.
Based on borrowing £1,200 over 12 months

what we like

  • 0% interest for 20 months on balance transfers
  • No fees on balance transfers in first 90 days
  • 0% interest on purchases for the first 6 months
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    19.9%
  • INTRO OFFER:

    0% for 22 months on balance transfers
    No fees on balance transfers first 90 days

KEY SCORES:

  • 4/5 Perks
  • 5/5Fees
  • 3/5APR

HIGHLIGHTS

  • 0% interest for 20 months on balance transfers
  • No fees on balance transfers in first 90 days
  • 0% interest on purchases for the first 6 months

REPRESENTATIVE EXAMPLE

A variable representative of 19.9% APR
A variable annual purchase rate of 19.95% p.a.
Based on borrowing £1,200 over 12 months
Great for: Balance transfers with no fee
5 stars question mark

Santander’s Everyday Card stacks up really well against the competition. 27 months of 0% interest on balance transfers is on the longer end of the scale, especially without a fee on balance transfers. The three months of 0% interest on purchases is a bit shorter than some competing cards, but it’s still nice to get that 0% purchase period. As a sweetener, there are cashback awards available from companies like Costa Coffee, Subway, and Morrisons through Santander’s “Retailer Offers”.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest for 27 months on balance transfers
  • No fee for balance transfers
  • 0% interest for the first 3 months on purchases
  • Special retailer cashback offers

REPRESENTATIVE EXAMPLE

18.9% p.a. (variable) on card purchases. This is equivalent to 18.9% APR representative (variable) based on an assumed credit limit of £1,200.

what we like

  • 0% interest for 27 months on balance transfers
  • No fee for balance transfers
  • 0% interest for the first 3 months on purchases
  • Special retailer cashback offers
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    18.9%
  • INTRO OFFER:

    0% on Balance Transfers for 27 months
    0% on Purchases for 3 months

KEY SCORES:

  • 1/5 Perks
  • 5/5Fees
  • 5/5APR

HIGHLIGHTS

  • 0% interest for 27 months on balance transfers
  • No fee for balance transfers
  • 0% interest for the first 3 months on purchases
  • Special retailer cashback offers

REPRESENTATIVE EXAMPLE

18.9% p.a. (variable) on card purchases. This is equivalent to 18.9% APR representative (variable) based on an assumed credit limit of £1,200.
Great for: Balance transfers with no fee
5 stars question mark

There’s a lot to like with the Sainsbury’s Bank balance transfer card. Cardholders get 22 months of 0% interest on balance transfers along with fee-free balance transfers over the first three months. In addition, cardholders can also take advantage of 0% interest on purchases over the first three months. And like other Sainsbury’s cards, users get perks in the form of Nectar points.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest on balance transfers for the first 22 months
  • No fee on balance transfers made in the first 3 months
  • 0% interest on purchases for the first 3 months
  • Up to 7,500 bonus Nectar points in first 2 months

REPRESENTATIVE EXAMPLE

Purchase rate is 19.95% p.a. variable
With a representative 19.9% APR variable
Assumed credit limit £1,200

what we like

  • 0% interest on balance transfers for the first 22 months
  • No fee on balance transfers made in the first 3 months
  • 0% interest on purchases for the first 3 months
  • Up to 7,500 bonus Nectar points in first 2 months
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    19.9%
  • INTRO OFFER:

    0% on balance transfers for 22 months
    0% on purchases for 3 months

KEY SCORES:

  • 4/5 Perks
  • 5/5Fees
  • 3/5APR

HIGHLIGHTS

  • 0% interest on balance transfers for the first 22 months
  • No fee on balance transfers made in the first 3 months
  • 0% interest on purchases for the first 3 months
  • Up to 7,500 bonus Nectar points in first 2 months

REPRESENTATIVE EXAMPLE

Purchase rate is 19.95% p.a. variable
With a representative 19.9% APR variable
Assumed credit limit £1,200
Great for: Balance transfers with no fee
4 stars question mark

Don’t overlook the Tesco 0% Balance Transfer Fee Credit Card. The 20-month balance transfer period isn’t on the super-long end, but it’s still more than a year and a half. Better still, you won’t pay a fee on your balance transfers. This is a better choice if you’re just looking for balance transfers, as there’s no 0% purchase period. However, you will collect Tesco Clubcard points when you shop with this card.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest for 20 months on balance transfers
  • No fee on balance transfers
  • 1 Tesco Clubcard point for every £4 spent in Tesco and 1 point for every £8 spent elsewhere

REPRESENTATIVE EXAMPLE

Representative rate 19.9% APR (variable)
Interest on purchases 19.9% p.a. (variable)
Assumed credit limit £1,200

what we like

  • 0% interest for 20 months on balance transfers
  • No fee on balance transfers
  • 1 Tesco Clubcard point for every £4 spent in Tesco and 1 point for every £8 spent elsewhere
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    19.9%
  • INTRO OFFER:

    0% on balance transfers for 20 months

KEY SCORES:

  • 3/5 Perks
  • 5/5Fees
  • 3/5APR

HIGHLIGHTS

  • 0% interest for 20 months on balance transfers
  • No fee on balance transfers
  • 1 Tesco Clubcard point for every £4 spent in Tesco and 1 point for every £8 spent elsewhere

REPRESENTATIVE EXAMPLE

Representative rate 19.9% APR (variable)
Interest on purchases 19.9% p.a. (variable)
Assumed credit limit £1,200
Great for: Long balance transfer period plus purchase offer
4 stars question mark

The Halifax Low Fee 0% Balance Transfer Card may be your answer if you’re looking for a very long balance transfer period, but want to keep the balance-transfer fee low. You get 24 months of 0% interest on balance transfers, and in exchange for that long duration, you do pay a fee on balance transfers. But at 1.5% (after rebate), the fee is lower than many longer-duration balance transfer cards. The card also gives you 12 months of 0% APR on purchases, which is a nice bonus.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest for 24 months on balance transfers
  • 0% interest on purchases for the first 12 months
  • Reduced 1.5% balance-transfer fee for the first three months (after rebate)

REPRESENTATIVE EXAMPLE

A variable representative of 19.9% APR
A variable annual purchase rate of 19.95% p.a.
Based on borrowing £1,200 over 12 months

 

This example is for illustrative purposes and serves as a guide only. Your actual credit limit and rate will vary based on your individual circumstances and may differ from the example shown.

what we like

  • 0% interest for 24 months on balance transfers
  • 0% interest on purchases for the first 12 months
  • 1.5% rebate on 3% balance-transfer fee for first 3 months
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    19.9%
  • INTRO OFFER:

    0% on balance transfers for 24 months
    0% on purchases for 12 months

KEY SCORES:

  • 3/5 Perks
  • 4/5Fees
  • 3/5APR

HIGHLIGHTS

  • 0% interest for 24 months on balance transfers
  • 0% interest on purchases for the first 12 months
  • Reduced 1.5% balance-transfer fee for the first three months (after rebate)

REPRESENTATIVE EXAMPLE

A variable representative of 19.9% APR
A variable annual purchase rate of 19.95% p.a.
Based on borrowing £1,200 over 12 months

 

This example is for illustrative purposes and serves as a guide only. Your actual credit limit and rate will vary based on your individual circumstances and may differ from the example shown.

Great for: Long 0% interest on purchases and travel
5 stars question mark

There’s a lot to like with the Post Office Platinum Card. The 28 months of 0% APR that you get on purchases is a nice, long duration. Plus you get the option of 0% for 18 months on balance transfers (though you will have to cough up a 2.89% fee for that). This is also a great card for travelers, since you don’t pay fees on purchases made overseas and can buy Post Office Travel Money with no fee.

Read full review >

CREDIT RATING req:

Good/Excellent

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest on purchases made over the first 28 months
  • 0% interest on balance transfers for the first 18 months (but a 2.89% fee applies)
  • No fee travel money from the Post Office

REPRESENTATIVE EXAMPLE

Assumed credit limit £1,200
Representative APR (variable) 18.9%
Purchase rate p.a. (variable) 18.9%
Annual fee £0

what we like

  • 0% interest on purchases made over the first 28 months
  • 0% interest on balance transfers for the first 18 months (but a 2.89% fee applies)
  • No fee travel money from the Post Office
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    18.9%
  • INTRO OFFER:

    0% on purchases for 28 months
    0% on balance transfers for 18 months

KEY SCORES:

  • 4/5 Perks
  • 5/5Fees
  • 5/5APR

HIGHLIGHTS

  • 0% interest on purchases made over the first 28 months
  • 0% interest on balance transfers for the first 18 months (but a 2.89% fee applies)
  • No fee travel money from the Post Office

REPRESENTATIVE EXAMPLE

Assumed credit limit £1,200
Representative APR (variable) 18.9%
Purchase rate p.a. (variable) 18.9%
Annual fee £0
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