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Top 5 cracking balance transfer credit cards

Top 5 cracking balance transfer credit cards

Category: Credit cards

Updated: 25/04/2013
First Published: 25/04/2013

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 It is now over 6 months old so the content may be out of date.

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.

Here are the current top 5 balance transfer cards:


Representative purchase APR (variable)
Card details


Barclaycard
Barclaycard
Platinum 26-Month Balance Transfer Visa

18.9% APR
  • Introductory 0% on balance transfers for 26 months from date of card issue
  • Introductory balance transfer fee 3.10%
  • Contactless payments up to £20
  • Introductory 0% on purchases for 6 months

Penny saysPenny 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."


Representative purchase APR (variable)
Card details


Barclaycard
Barclaycard
Platinum 25-Month Balance Transfer Visa

18.9% APR
  • Introductory 0% on balance transfers for 25 months from date of card issue
  • Introductory balance transfer fee 2.40%
  • Contactless payments up to £20
  • Introductory 0% on purchases for 6 months

Penny saysPenny 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)

Card details

Halifax
Halifax
Balance Transfer 25-Month
Credit Card MasterCard

18.9% APR
  • Introductory 0% on balance transfers for 25 months from date of card issue
  • Introductory balance transfer fee 2.50%
  • Introductory 0% on purchases for 3 months

Penny saysPenny 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."


Representative purchase APR (variable)
Card details


Tesco Bank Clubcard
Tesco Bank Clubcard Credit Card
for Balance Transfer MasterCard

16.9% APR
  • Introductory 0% on balance transfers for 25 months from date of card issue
  • Introductory balance transfer fee 2.90%
  • Introductory 0% on purchases for 3 months
  • Clubcard points awarded for spending

Penny saysPenny 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."


Representative purchase APR (variable)

Card details

mbna fluid
MBNA Limited
Fluid 24-Month Balance Transfer Card Visa

16.9% APR
  • Introductory 0% on balance transfers for 24 months from date of card issue
  • Introductory balance transfer fee 2.89%, min £3
  • Introductory 0% on purchases for 3 months
  • Contactless payments up to £20

Penny saysPenny 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

What next?

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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