Comparing balance transfer credit cards online since 2002Can you do multiple balance transfers to one card in the UK? Can you make multiple balance transfers on same card? How many balance transfers can I do? We have seen all of these question a lot, in recent months.
Multiple balance transfers usually occur in one of two different ways :-
- You could be looking to make multiple balance transfers onto the same card. This is where you transfer from several of your existing credit cards, on to one new 0% balance transfer credit card.
- Alternatively, you could be planning to make repeated multiple balance transfers. This is where you transfer from one card to another, at the end of each introductory balance transfer period.
Multiple Balance Transfers On Same Card
Do you currently have several different credit cards, all with an outstanding balance on them?
In this case, then it is possible, and indeed quite common, to apply for a new balance transfer credit card, and make multiple balance transfers on to your new card.
The process for making multiple balance transfers on the same card, is quite simple. You apply to make a balance transfer as normal. This transfer request is very often made online. Alternatively, you can phone the customer services number of your new credit card company, and request a balance transfer.
Then you simply provide the details for each existing card in turn, with the amounts you wish to transfer. For further details see our guide on how you transfer a balance from one credit card to another.
How Many Balance Transfers Can I Do?
Can you do multiple balance transfers to one card? In theory, the only limit on how many balance transfers you can do, is the size of your credit limit. However, you should be aware of the following issues, when you are making multiple balance transfers on same card:-
- You will need to be given a large enough credit limit on your new card to allow you to make all of the balance transfers. If your new credit limit is not high enough, then you will not be able to transfer all of the outstanding balances. A credit card with a £4000 limit, would not allow you to make balance transfers totalling £5000, for example.
- You will need to pay a balance transfer fee for each balance transfer that you make. This fee should not be any higher, than if you were transferring one large amount. Although do watch out if you are transferring very small amounts. In this case the minimum balance transfer fee, if it exists, may end up costing you slightly more overall.
- Finally, and most importantly, you will need to find a new credit card that is not issued by any of your existing card companies. This is because you cannot make a a balance transfer between cards which are issued by the same UK credit card issuer.
UK 0% balance transfer credit cards available online, include all of the following popular featured cards :-
Balance Transfer Expert may receive commissions from some of the credit card companies that we refer users to. How this site works.
- 0% for up to 26 months on balance transfers made within 90 days of account opening
- 3.49% balance transfer fee, minimum £5
- 0% on purchases for 3 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
- 0% interest for up to 26 months on balance transfers made within first 60 days of account opening
- 3.49% balance transfer fee applies (minimum £5)
- 0% interest on purchases for 3 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
- 0% for up to 12 months on balance transfers made within 90 days of account opening
- 3.49% balance transfer fee, minimum £5
- 0% on purchases for up to 20 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
- 0% interest on balance transfers for 20 months
- 3.24% or 4.24% balance transfer fee on transfers made within first 90 days (minimum £4)
- 0% interest on purchases for your first 3 months
- Collect up to 3 Nectar points per £2 in Sainsbury’s, Argos, and Habitat
- Collect 1 Nectar point for every £5 spent on your card elsewhere
- Online account management
- Annual Fee: None
- You have a permanent UK address
- You have not been declined for credit in the last month
- You do not have a history of bad credit
- You are aged 18 or over
- 0% interest for up to 16 months on balance transfers made within first 60 days of account opening
- 3.49% balance transfer fee applies (minimum £5)
- 0% interest on purchases for up to 18 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
Can You Have More Than One Balance Transfer Credit Card?
How many balance transfer cards can I have? Can you have more than one balance transfer credit card?
We see these questions a lot. You can have more than one balance transfer credit card at the same time, in fact you can have several.. However, you will most likely, have to have your balance transfer credit cards from different companies.
Many UK banks and card companies will only allow a customer to have just one of their credit cards, at any one time. You may also choose to have one balance transfer card using the Visa payment network, and the other using the Mastercard payment network, for example.
Making multiple applications for a new credit card in a short space of time is not recommended. Ideally you should leave at least a couple of months, between each application.
Multiple Balance Transfers From One Card To Another
If you have previously done a balance transfer and your introductory balance transfer period is about to come to an end, then what are your options?
Well you can simply do another balance transfer. It is possible to do another balance transfer to another new credit card, so effectively making multiple balance transfers.
In this instance of course, you are reliant on being approved for a new credit card. You require a new card, each time that you need to transfer the outstanding balance.
The recent coronavirus pandemic and current cost of living crisis, has increased the difficulty of being approved for a new credit card. As a result, you should not automatically assume that you can transfer a balance for ever.
We would always advise that you do make more than the minimum repayments of your outstanding balance every month. This will avoid the situation where you are left with a high outstanding balance and no opportunity to transfer it again.
Related Content From Balance Transfer Expert:-
Can you do a partial balance transfer? What is a partial balance transfer? Can you transfer part of a credit card balance?… Read More >>
Over recent months, we have seen a large number of UK credit card customers looking for answers to questions about a balance… Read More >>
Which credit cards are owned by MBNA? Who Owns MBNA credit card UK? What is MBNA? Is MBNA part of Lloyds? Is… Read More >>
Which credit cards are the most likely to give a £2000 credit card limit to new UK customers, in 2024? A credit… Read More >>
