Welcome to Balance Transfer Expert. We are an independent, free to use website and provide a comparison service for every 0% balance transfer credit card that is currently available online in the UK.
Balance Transfers Explained:- Balance transfers can be defined as the process of moving an existing credit card balance from your current credit card to a new credit card, where typically the new credit card charges 0% interest on the balance for a limited time introductory period.
After this 0% introductory period has ended the credit card company will then charge any outstanding balance remaining on the card at a higher standard rate of interest. This standard rate will often be a representative 19.9% APR variable, or higher.
When a credit card customer transfers the credit card balance in this way by making a balance transfer, they are usually aiming to save money by paying no interest during the 0% introductory period.
Balance Transfer Articles
What kind of balance transfer deals for existing customers are available in the UK, in 2020?
Currently, there are two different types of 0% balance transfer deals for existing customers.
The first type of transfer deals for existing customers are offered by all of the main banks. The former building societies, which issue 0% balance transfer credit cards in the UK, also offer these types of deals.
In this case, the 0% balance transfer deal is …. Read More »
Large balance transfer credit cards are those credit cards which allow a customer a large credit limit.
These cards can allow a customer to make a large balance transfer. This balance transfer can be from one, or perhaps several, of their existing credit cards.
Before the banking crisis began, being approved for large balance transfer credit cards, was often quite common for many UK customers.
Back then, many more customers were approved for a …. Read More »
Balance Transfer News
The long 29 month Virgin balance transfer card is now no longer available to new customers. This Virgin balance transfer card was withdrawn from the UK credit card market on 26th May 2019.
Virgin Money have now withdrawn many of their 0% balance transfer cards from the market.
The number of balance transfer credit cards have reduced over recent months as the UK credit card companies have either removed their longest balance transfer cards all together, or …. Read More »
The introductory 0% offers on the HSBC balance transfer credit cards regularly change. This allows HSBC to adjust their competitiveness in the UK credit card market.
The HSBC balance transfer credit card now offers new customers 0% interest for 25 months on balance transfers, with a 1.5% balance transfer fee (minimum £5) and a representative 21.9% APR (variable). This card had previously offered a longer 0% for 28 months offer on balance transfers.
There is …. Read More »
Balance Transfer Questions
Can you balance transfer to another person?
We have recently seen many credit card customers in the UK, looking for an answer about making a balance transfer to another person.
The balance transfer to another person situation will often occur when one person has the outstanding balance on a card in their name. However another person, close to them, may well have the stronger credit rating. This can often make this other person more likely to …. Read More »
A balance transfer from American Express credit cards can quite often be more difficult, than it is for many other types of balance transfers in the UK.
An AMEX balance transfer is quite often, more likely to fail. This is most likely due to the 15 digit card number, found on an American Express card.
Over recent months, we have seen a large increase in the number of questions, about making a balance transfer from …. Read More »