0% Balance Transfer Deals

What 0% balance transfer deals are currently available to UK credit card customers, looking to make a balance transfer?

0% balance transfer deals are where a credit card company offers a customer a 0% interest rate on balance transfers for an introductory period. After this introductory period, any outstanding balance left on the card will be charged at the standard interest rate. This standard rate is now typically around 24.9% APR.

The 0% balance transfer deals and offers available in the UK credit card market are constantly changing. The credit card companies use these promotional interest free balance transfer deals as one of the main incentives to attract new customers.

The credit card companies will frequently change the length of the 0% introductory offers. The card companies may also change the size of the balance transfer fee. The UK credit card companies make these changes in order to compete for new customers.

Often the very longest balance transfer deals are only available for a limited time period. As a result, UK card customers are advised to act quickly, if they see 0% balance transfer deals suitable for their current needs.

UK Balance Transfer Deals

Balance transfer deals in the UK, are available from a number of different card companies. A couple of years ago, there were around a 120 credit cards, with UK balance transfer deals, available for online applications.

Today, the number of UK credit cards offering 0% balance transfers, is much smaller. Currently there are around 60 cards offering 0% balance transfer deals available online to UK credit card customers. However, some of these 0% introductory offers are quite short.

A longer 0% introductory deal offers customers a way to save more money with a balance transfer. During the introductory offer the customer will pay no interest, so saving them money.

The following featured credit cards currently offer some of the most popular UK balance transfer deals :-

Card Offers

M&S Transfer Plus*

Balance Transfers:

0% for up to 26 months

Balance Transfer Fee:

3.49%

Purchases:

0% for 3 months

Representative APR:

24.9% APR (variable)

More Information >

Card Details

M&S Transfer Plus*

• 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

More Information >

Application Criteria

M&S Transfer Plus*

• 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

More Information >

Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)

No balance transfers allowed to this card from first direct, HSBC or M&S credit cards

Card Offers

HSBC Balance Transfer*

Balance Transfers:

0% for up to 26 months

Balance Transfer Fee:

3.49%

Purchases:

0% for 3 months

Representative APR:

24.9% APR (variable)

More Information >

Card Details

HSBC Balance Transfer*

• 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

More Information >

Application Criteria

HSBC Balance Transfer*

• 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

More Information >

Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)

Credit is subject to status, affordability and applicable terms and conditions. You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.

No balance transfers allowed to this card from first direct, HSBC or M&S credit cards

Card Offers

HSBC Purchase Plus*

Balance Transfers:

0% for up to 16 months

Balance Transfer Fee:

3.49%

Purchases:

0% for up to 18 months

Representative APR:

24.9% APR (variable)

More Information >

Card Details

HSBC Purchase Plus*

• 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

More Information >

Application Criteria

HSBC Purchase Plus*

• 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

More Information >

Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)

Credit is subject to status, affordability and applicable terms and conditions. You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.

No balance transfers allowed to this card from first direct, HSBC or M&S credit cards

Card Offers

Virgin Money 12 Month Balance Transfer

Balance Transfers:

0% for 12 months

Balance Transfer Fee:

3%

Purchases:

0% for 3 months

Representative APR:

29.9% APR (variable)

More Information >

Card Details

Virgin Money 12 Month Balance Transfer

• 0% on balance transfers for 12 months from the date your account is opened
• 3% balance transfer fee in first 60 days, 5% fee applies after 60 days
• 0% on purchases for 3 months from the date your account is opened
• Discounts on Virgin holidays, Virgin trains and Virgin experience days
• Contactless payments to quickly and securely pay for purchases up to £100
• Online card servicing
• Annual Fee: None

More Information >

Application Criteria

Virgin Money 12 Month Balance Transfer

• You are a UK resident
• You have a bank or building society account
• You have a good credit history
• You are aged 18 or over

More Information >

Representative Example: 29.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 29.9% p.a. (variable)

No balance transfers allowed to this card from Clydesdale,Yorksire or Virgin credit cards

Card Offers

M&S Purchase Plus*

Balance Transfers:

0% for up to 12 months

Balance Transfer Fee:

3.49%

Purchases:

0% for up to 20 months

Representative APR:

24.9% APR (variable)

More Information >

Card Details

M&S Purchase Plus*

• 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

More Information >

Application Criteria

M&S Purchase Plus*

• 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

More Information >

Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)

No balance transfers allowed to this card from first direct, HSBC or M&S credit cards

Best Balance Transfer Deals

The best balance transfer deals in the UK tend to offer customers a longer than average introductory transfer offer, along with a lower than average balance transfer fee. There are now very few no fee balance transfer credit cards available, however the 0% introductory offers, do tend to be shorter.

At one time the best balance transfer cards, offered new customers, 0% for up to 43 months. Today however, the best balance transfer deals available are now much shorter than this.

Customers are more likely to be accepted for the best balance transfer deals, if they have a good credit history, no recent missed payments or bad debts, and also have a regular income.

UK balance transfer deals are available for credit cards using both the MasterCard and Visa payment networks. Mastercard and Visa credit cards are both widely accepted around the world.

There are a smaller number of UK credit cards using the American Express payment network. However, currently there are no Amex balance transfer cards available in the UK, with 0% introductory offers.

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