Credit cards Updated:
Credit cards offering 0% on balance transfers are a popular choice amongst customers who wish to use their available credit from one card to pay off the balances due on one or more other cards.
These cards can be useful when transferring large balances, although it is important to remember that a fee will apply each time a balance is transferred, often as a percentage of the amount transferred onto the new card.
Some balance transfer cards also offer introductory 0% interest on purchases, although it is always best to check what you may be charged for spending prior to committing to a card.
Barclaycard Platinum 26-Month Balance Transfer Visa
Penny says… "This credit card proudly offers the longest introductory balance transfer period in the market at 26-months.
"Cardholders can also enjoy a 6-month 0% interest period on all purchases."
Barclaycard Platinum 25-Month Balance Transfer Visa
Penny says… "Sitting in second-place is this highly competitive deal, also from Barclaycard.
"Offering an impressive 0% interest on all balance transfers for 25 months, this card has a lower fee of 2.40%, which should please cardholders."
Representative purchase APR (variable)
Halifax Balance Transfer 25-Month Credit Card MasterCard
Penny says… "Matching the Barclaycard 25-month deal in terms of its 0% balance transfer period, is this attractive card from Halifax. "Cardholders must be willing to make at least the minimum monthly payment of £5, or risk losing the promotional rate."
Tesco Bank Clubcard Credit Card for Balance Transfer MasterCard
Penny says… "This competitive card offers customers rewards for their spending as well as a competitive 0% balance transfer period.
"Every £4 spent in Tesco stores and on fuel at Tesco Petrol Filling Stations (excluding Esso Fuel), will achieve 5 Clubcard points, with 1 point awarded for every £4 spent elsewhere. One point is awarded for every £4 spent on purchases.
"Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points. Cardholders must have available credit to earn points."
MBNA Limited Fluid 24-Month Balance Transfer Card Visa
Penny says… "Squeezing into the top five is this attractive card from MBNA Limited.
"Offering 0% on balance transfers and money transfers for two years, this card should appeal to customers Information & Rates correct as at: 25/04/2013
Compare 0% on balance transfers Compare credit cards with 0% purchase rates Guide to 0% balance transfer 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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