£5000 Balance Transfer

When you are planning to make a £5000 balance transfer in 2017, then it helps to know which UK credit cards are the most suitable 0% balance transfer cards for a £5000 balance transfer.

To allow a £5000 balance transfer to be made to a new credit card which has a 0% balance transfer introductory offer, there are two things that must happen first :-

  • The customer needs to apply for and be approved for a new 0% balance transfer credit card
  • The credit limit for that new 0% balance transfer credit card needs to be higher than £5000

£5000 Balance TransferThe reason that the customer actually needs a £5000 credit card limit, or higher, on their new balance transfer credit card, is that all credit card companies have a limit on how much of the overall credit limit can be used for a balance transfer.

This balance transfer limit is usually set at 90% or 95% of the overall credit limit. Details of these balance transfer percentage limits for popular credit cards can be found on our maximum balance transfer page.

£5000 Balance Transfer

A credit card with an initial £5000 credit card limit is no longer as easy to get in the current UK credit card market, as it was in the years before the banking credit crisis began. In general, the credit card companies have tended to be less generous with their initial credit card limits.

However all of the following 0% balance transfer credit cards do tend to be more generous than many other cards with their credit limits.

As a result, all of these featured credit cards are more likely to be suitable for a £5000 balance transfer :-

Card Offers

Balance Transfers:
0% interest for 40 Months
Balance Transfer Fee:
2.69%
Purchases:
0% interest for 3 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Tesco Clubcard Credit Card for Balance Transfers*
  • 0% interest for up to 40 Months on balance transfers from account opening
  • 2.69% balance transfer fee
  • 0% interest for 3 Months on purchases from account opening
  • Earn Clubcard points wherever you use your card, plus your usual points in Tesco. Terms apply
  • The 0% offer is applied to any balances or money transferred within the first 90 days of opening your account
  • Apply online and get a decision within 60 seconds
  • Annual Fee: None
More Information

Application Criteria

Tesco Clubcard Credit Card for Balance Transfers*
  • You have an annual income of at least £5,000
  • You are at least 18 years of age
  • You have a good credit history
  • You live in the UK, or have a British Forces Post Office address
  • You don't currently hold more than 1 Tesco Bank Credit Card
  • You have not applied for a Tesco Bank Credit Card in the last month or have an application currently in progress
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
The APR, length of promotional offer, and credit limit may vary as they are dependent on your personal circumstances

Card Offers

Balance Transfers:
0% for up to 39 Months
Balance Transfer Fee:
1.6%
Purchases:
0% for 6 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Lloyds Platinum 39 Month*
  • 0% for up to 39 months from account opening on balance transfers
  • 1.6% balance transfer fee (after 1.4% refund) in first 90 days, 3% fee applies after 90 days
  • 0% for 6 months from account opening on purchases
  • Lloyds Clicksafe and Internet fraud protection
  • Online card servicing
  • Annual Fee: None
More Information

Application Criteria

Lloyds Platinum 39 Month*
  • You are a UK resident
  • You have a regular income
  • You are free from any county court judgements
  • You are aged 18 or over
More Information
1.6% balance transfer fee (after refund) in first 90 days, 3% fee applies after 90 days
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.94% p.a. (variable)
The APR and length of the promotional offer are dependent on your personal circumstances

Card Offers

Balance Transfers:
0% for up to 33 Months
Balance Transfer Fee:
0.58%
Purchases:
0% for 3 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Halifax 33 Month Balance Transfer*
  • 0% for up to 33 months from account opening on balance transfers within first 90 days
  • 0.58% fee applies (after 2.42% refund) on balance transfers made in first 90 days, 3% fee applies after first 90 days
  • 0% for 3 months from account opening on purchases
  • £20 cashback offer valid on accounts opened by 8th August 2017
  • Manage your card online using online banking and mobile banking
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Halifax 33 Month Balance Transfer*
  • You are a UK resident
  • You have a regular income
  • You do not have any Count Court Judgements against you
  • You are aged 18 or over
More Information
£20 cashback on the first balance transfer made within 90 days of account opening
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
The APR and length of the promotional offer are dependent on your personal circumstances

Card Offers

Balance Transfers:
0% for 41 Months
Balance Transfer Fee:
3%
Purchases:
0% for 3 Months
Representative APR:
20.9% APR (variable)
More Information

Card Details

Virgin Money 41 Month Balance Transfer*
  • 0% on balance transfers for 41 months from date account opened (20.9% APR thereafter)
  • 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
  • 0% on money transfers for 41 months from date account opened (20.9% APR thereafter)
  • 3.80% money transfer fee in first 60 days , 5% fee applies after 60 days
  • Contactless payments to quickly and securely pay for purchases up to £30
  • Annual Fee: None
More Information

Application Criteria

Virgin Money 41 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: 20.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 20.9% p.a. (variable)
Credit limits will vary based on your individual circumstances

Card Offers

Balance Transfers:
0% for up to 40 Months
Balance Transfer Fee:
1.69%
Purchases:
0% for 6 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Halifax Balance Transfer*
  • 0% for up to 40 months from account opening on balance transfers made in first 90 days
  • 1.69% balance transfer fee in first 90 days (after 1.31% refund), 3% fee applies after 90 days
  • 0% for 6 months from account opening on purchases
  • Cover against online fraud when purchasing on the Internet
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Halifax Balance Transfer*
  • You are a UK resident
  • You have a regular income
  • You do not have any Count Court Judgements against you
  • You are aged 18 or over
More Information
1.69% balance transfer fee (after refund) in first 90 days, 3% fee applies after 90 days
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
The APR and length of the promotional offer are dependent on your personal circumstances

Card Offers

Balance Transfers:
0% for up to 32 Months
Balance Transfer Fee:
0.8%
Purchases:
0% for 12 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Bank of Scotland 32 Month Balance Transfer*
  • 0% for up to 32 months from account opening on balance transfers made within first 90 days
  • 0.8% fee applies on balance transfers made in first 90 days, 3% fee applies after first 90 days
  • 0% for 12 months from account opening on purchases
  • Cover against online fraud when purchasing on the Internet
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Bank of Scotland 32 Month Balance Transfer*
  • You are a UK resident
  • You have a regular income
  • You have not bankrupt or subject to an IVA and have no County Court Judgments
  • You are aged 18 or over
More Information
0.8% fee applies on balance transfers made in first 90 days, 3% fee applies after first 90 days
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
The APR and length of the promotional offer are dependent on your personal circumstances

Card Offers

Balance Transfers:
0% for up to 29 Months
Balance Transfer Fee:
0%
Purchases:
0% for 3 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Halifax 29 Month Balance Transfer*
  • 0% for up to 29 months from account opening on balance transfers within first 90 days
  • 0% balance transfer fee in first 90 days, 3% fee applies after 90 days
  • 0% for 3 months from account opening on purchases
  • Cover against online fraud when purchasing on the Internet
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Halifax 29 Month Balance Transfer*
  • You are a UK resident
  • You have a regular income
  • You do not have any Count Court Judgements against you
  • You are aged 18 or over
More Information
0% balance transfer fee in first 90 days, 3% fee after 90 days
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
The APR and length of the promotional offer are dependent on your personal circumstances

Card Offers

Balance Transfers:
0% interest for 24 Months
Balance Transfer Fee:
0%
Purchases:
No offer
Representative APR:
18.9% APR (variable)
More Information

Card Details

Tesco Clubcard Credit Card with No Balance Transfer Fee*
  • 0% interest for up to 24 Months on balance transfers made within the first 90 days of opening your account
  • No balance transfer fee
  • No introductory offer on purchases
  • Earn Clubcard points wherever you use your card, plus your usual points in Tesco. Terms apply
  • Apply online and get a decision within 60 seconds
  • Online Account Management
  • Annual Fee: None
More Information

Application Criteria

Tesco Clubcard Credit Card with No Balance Transfer Fee*
  • You have an annual income of at least £5,000
  • You are at least 18 years of age
  • You have a good credit history
  • You live in the UK, or have a British Forces Post Office address
  • You don't currently hold more than 1 Tesco Bank Credit Card
  • You have not applied for a Tesco Bank Credit Card in the last month or have an application currently in progress
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

Customers looking to make a £5000 balance transfer are likely to be more successful in obtaining a new credit card with a higher credit limit if they have the following :-

  • A very good credit rating with no history of bad debt
  • An annual income of at least £20,000 per year
  • A low ratio of outstanding credit card or loan debt in comparison with their annual salary

£5000 balance transfer credit cards are equally suitable on both MasterCard and Visa credit credit cards. The choice of Visa or MasterCard is only dependent on which payment network the credit card company has chosen to work with for that credit card. The choice of payment network has no effect on the credit limit which will be given to the customer.


Related Content From Balance Transfer Expert:-

Today Balance Transfer Expert has:-

112 UK 0% balance transfer credit cards offering:-

  • 0% balance transfers for up to 40 months with a 1.69% fee
  • 0% balance transfers for up to 33 months with a 0.59% fee
  • 0% balance transfers for up to 29 months with no fee