Comparing balance transfer credit cards online since 2002Can UK credit card customers make a Mastercard to Mastercard transfer? Are there any restrictions on a MasterCard to Mastercard balance transfer?
A Mastercard to Mastercard transfer occurs, when a balance transfer takes place between two different Mastercard credit cards.
MasterCard is a worldwide company that provides the payment technology and standards that enable commerce all around the world. At Mastercard they provide the connections between the credit card companies, the merchants who accept credit cards, and the cardholders.
The Mastercard payment network gives retailers, hotels and restaurants a method to accept, and get payment from a customer using a credit card.
Mastercard To Mastercard Balance Transfer?
Can you balance transfer from Mastercard to Mastercard?
Yes, you can. There is no restriction as such, in making a Mastercard to Mastercard transfer. However, when a customer is looking to transfer a balance from one Mastercard to another, there is one important factor they need to be aware of.
All of the UK credit card companies do not allow balance transfers to be made, when both of the cards involved are issued by the same card company.
You cannot, for example, transfer from one M&S balance transfer credit card to another M&S credit card. This restriction applies if both cards are MasterCard. It also applies even if one card is a Visa card, and the other card is a MasterCard, where both cards are issued by the same company.
Mastercard Balance Transfer
Most of the currently available balance transfer credit cards, in the UK, are issued as MasterCard balance transfer cards. A much smaller number of UK credit cards are Visa balance transfer cards, using the Visa payment network.
The credit card companies will generally have a relationship with either Mastercard, or Visa. As a result all of their credit cards are likely to be issued using their chosen payment network.
The following featured cards include popular Mastercard balance transfer credit cards and Visa balance transfer credit 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 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
- 0% interest for up to 12 months on balances transferred within first 90 days
- 2.95% balance transfer fee during first 90 days, 5% fee applies afer 90 days
- 0% interest on all purchases for up to first 12 months
- Internet fraud protection and Clicksafe
- Online card servicing
- Annual Fee: None
- You do not already have a credit card from TSB
- You are not currently declared bankrupt, have CCJs or subject to IVA
- You have a regular income
- You are a UK resident
- You are aged 18 or over
Mastercard To Visa Balance Transfer?
As can be seen above, you can make a Mastercard to Mastercard transfer. However, what about a Mastercard to Visa transfer? Is this possible in the UK?
A Mastercard to Visa balance transfer is where a customer makes a balance transfer from a credit card with the Mastercard branding to another credit card carrying the Visa brand.
You can also make this type of balance transfer within the UK credit card market. Any Mastercard to Visa balance transfer is subject to the same condition as a Mastercard to Mastercard transfer. The two credit cards involved in the balance transfer must be from different credit card issuers.
Related Content From Balance Transfer Expert:-
We see many UK credit card customers looking for answers to questions related to the relationship between MBNA and Virgin Money. Some… Read More >>
The longest 0% Santander balance transfer offers, are now no longer available, to new card customers in the UK. In 2022, there… Read More >>
What are the MBNA balance transfer offers for existing customers in 2024? Are there any MBNA existing customer balance transfer deals? What… Read More >>
What is a 0% cash advance credit card? What is the correct way for you to use a 0% cash advance credit… Read More >>
