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Product focus: Balance transfer credit cards

Product focus: Balance transfer credit cards

Category: Credit cards

Updated: 13/01/2012
First Published: 13/01/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Recent research by Moneyfacts.co.uk has shown that balance transfer deals are at their longest ever, but the average balance transfer fee is at an all time high.

Those who want to move credit card debt may want to consider a balance transfer card and review the costs involved to move any debt.

Here is a selection of the longest deals available:

Barclaycard

  • The Barclaycard Platinum Balance Transfer Visa offers 24 months of interest free debt transfers after account opening with a balance transfer fee of 3.2%.
  • The card charges 17.9% APR on purchases and in addition offers an introductory 3 months of interest purchases.
  • Customers can take advantage of the Barclaycard Freedom scheme to earn and spend reward money at selected retailers.
  • Customers must be aged 21 or over, earn £20,000 or more and can apply by all channels.

Halifax

  • The Halifax Balance Transfer Visa offers 22 months of interest free debt transfers after account opening with a balance transfer fee of 3.5%.
  • The card charges 17.9% APR on purchases when outside of the introductory deal of 3 months interest free.
  • Customers must be aged 18 or over and earn £20,000 or more to be eligible and can apply online, by telephone or post.

NatWest

  • NatWest offers a Platinum Credit Card MasterCard with 20 months of interest free debt transfers and 6 months interest free on purchases.
  • Debt transfers are subject to a 2.9% balance transfer fee and the card charges17.9% APR on purchases outside of the introductory deal.
  • Customers will have access to the NatWest Wine Club.
  • Customers must be aged 18 or over, earn £10,000 or more to be eligible and can apply online, by telephone or in branch.

Find the Best 0% Balance Card Rates - Compare Credit Cards

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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