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The best fee-free 0% balance transfer credit cards

The best fee-free 0% balance transfer credit cards

Category: Credit cards

Updated: 06/06/2017
First Published: 06/06/2017

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Balance transfer credit cards that charge 0% interest can be a great way to reduce your debt, giving you months (or even years) to pay off the balance without needing to worry about interest racking up and making it even more difficult. However, many of the best 0% balance transfer credit cards come with an initial balance transfer fee - typically of around 3% - which although small in comparison to years of interest, can still add an extra chunk to your debt. But what if you could transfer your credit card balance without needing to worry about a fee? Well, you can!

There are a growing number of balance transfer credit cards available that are entirely fee-free, which means you can move your debt around without paying a thing. It's a completely free way to pay down your debt, the Holy Grail for many card holders, and we've rounded up the best available. Just make sure that, if you take one of these cards out, you're able to pay the balance off in full by the end of the interest-free term, otherwise your interest rate will shoot up and you could be back where you started.

So, for the truly organised - and credit worthy - read on to find the best fee-free 0% balance transfer credit cards for a cost-effective method of repaying your debt.


Representative purchase APR (variable)
Card details

American Express
Halifax
0 pc Balance Transfer
Fee Offer MasterCard

18.9% APR
  • Introductory 0% on balance transfers for 29 months from date of issue
  • No introductory balance transfer fee
  • Introductory 0% on purchases for the first six months
  • No annual fee
  • Customers must be at least 18 years old and can apply online or by post

Easily taking the top spot in the fee-free balance transfer market is this card from Halifax, offering 0% interest on all balances transferred for 29 months, with no fee whatsoever. This deal comes complete with a six-month 0% interest purchase term, offering a competitive interest-free package.


Representative purchase APR (variable)
Card details

American Express
Sainsbury's Bank
No Balance Transfer Fee
Credit Card MasterCard

18.9% APR
  • Introductory 0% on balance transfers for 28 months from date of issue
  • No introductory balance transfer fee (via a full refund of the standard 1.5% fee)
  • Introductory 0% on purchases for the first three months
  • Bonus Nectar points offer: spend £250 on Sainsbury's shopping or fuel during the first month of account opening to earn 5,000 bonus Nectar points (offer available until 28.8.17)
  • Standard offer: earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel, and 1 Nectar point for every £5 spent elsewhere
  • No annual fee
  • Customers must be at least 18 years old and can apply online or by phone

Sitting comfortably in second place is this card from Sainsbury's Bank, offering a 28-month 0% interest term, still one of the longest available in the fee-free sector. It also offers 0% interest on purchases for the first three months, and as an added perk, borrowers can benefit from a generous Nectar points scheme - including a bonus offer for new customers - which could make those interest-free purchases even more worthwhile.


Representative purchase APR (variable)
Card details

ASDA Money
Bank of Scotland
Platinum 24 Month
Balance Transfer MasterCard

18.9% APR
  • Introductory 0% on balance transfers for 24 months from date of issue
  • No introductory balance transfer fee
  • Introductory 0% on purchases for the first six months
  • No annual fee
  • Customers must be at least 18 years old and can apply online

In third place is this deal from Bank of Scotland, a simple, straightforward card that offers 0% on balance transfers for the first 24 months as well as 0% on purchases for six months, with no fees whatsoever.


Representative purchase APR (variable)
Card details

ASDA Money
Barclaycard
Platinum 24 Month
Balance Transfer Visa

18.9% APR
  • Introductory 0% on balance transfers for the first 24 months
  • No introductory balance transfer fee (via a refund of the standard 2% fee)
  • Introductory 0% on purchases for six months
  • No annual fee
  • Customers must be at least 18 years old and can apply online, by phone or by post
  • Incentives include free access to your Experian Credit Score, fee-free gig tickets on certain days and free Uber trips (use your Barclaycard to pay and every 11th trip is free, up to £15)

Next up is Barclaycard, with this deal offering a 24-month 0% interest term with zero fee. Customers can also benefit from a range of additional Barclaycard services, as well as 0% interest on purchases for the first six months, which could make it ideal for those who need a bit of help to cover their summer spending.


Representative purchase APR (variable)
Card details

TSB
Lloyds Bank
Online Platinum 24 Month
Balance Transfer MasterCard

18.9% APR
  • Introductory 0% on balance transfers for 24 months from date of issue
  • No balance transfer fee
  • Introductory 0% on purchases for the first six months
  • No annual fee
  • Customers must be at least 18 years old and can apply online

Securing a top-five spot is this deal from Lloyds Bank, another card to offer 0% interest on balance transfers for the first 24 months, as well as a six-month 0% term for purchases, offering a competitive interest and fee-free package.


Representative purchase APR (variable)
Card details

Nationwide BS
Tesco Bank
Clubcard 0% Balance
Transfer Fee Credit Card

18.9% APR
  • Introductory 0% on balance transfers for 24 months from date of issue
  • No introductory balance transfer fee
  • Introductory 0% on money transfers for 12 months, with a 3.94% fee
  • No introductory purchase term
  • Earn five Clubcard points per £4 spent in Tesco and one point for every £8 spent outside Tesco. 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
  • No annual fee
  • Customers must be at least 18 years old and can apply online, by post or by phone

Just squeezing into the top six is this card from Tesco Bank, offering a 24-month 0% interest term with no fee whatsoever, as well as a 12-month 0% money transfer term (with a 3.94% fee), offering an appealing choice for those who are looking for a cash injection as well as balance transfers. It should be noted that this card doesn't come with a 0% purchase term, so although it offers the chance to accrue Clubcard points, any spending will need to be paid off when the statement arrives to avoid interest being charged.

Information & Rates correct as at: 06.06.2017

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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