Balance Transfer Deals For Existing Customers

What kind of balance transfer deals for existing customers are available in the UK in 2018?

Currently there are two different types of 0% balance transfer deals for existing customers.

The first type of balance transfer deals for existing customers are offered by all of the main banks and former building societies, which issue 0% balance transfer credit cards in the UK.

In this case, the 0% balance transfer deal is available, both to new and to existing customers of the bank provided they currently do not have a credit card with the bank.

Balance Transfer Deals For Existing Customers

Very often the banks will look more favourably on their own existing customers, when it comes to accepting customers for their own brand credit cards.

You are often more likely to be accepted for a credit card, when you are already an existing customer with the bank, as the bank is more likely to already have an understanding of your overall financial situation.

All of the following featured 0% cards are available as balance transfer deals for existing customers of the individual banks :-

Card Offers

Post Office Money Balance Transfer*

Balance Transfers:

0% for up to 35 Months

Balance Transfer Fee:

2.85%

Purchases:

0% for 3 Months

Representative APR:

18.9% APR (variable)

Card Details

Post Office Money Balance Transfer*

• 0% for up to 35 months on balance transfers made within 3 months of account opening
• 2.85% balance transfer fee applies
• 0% on all purchases for the first three months
• No cash fee to buy travel money at the Post Office
• Manage your account 24/7 with Post Office Money mobile app
• Annual Fee: None

Application Criteria

Post Office Money Balance Transfer*

• You are a UK resident
• You have a bank or building society account
• You have an annual income of £8,000 or more excluding unemployment benefits
• You are aged 18 or over
• You have no county court judgements
• You must not already hold a Post Office Money Credit Card

Card Offers

HSBC*

Balance Transfers:

0% for 32 Months

Balance Transfer Fee:

1.4%

Purchases:

0% for 3 Months

Representative APR:

19.9% APR (variable)

Card Details

HSBC*

• 0% interest on balance transfers for 32 months made within 60 days of account opening
• 1.4% balance transfer fee (minimum £5)
• 0% interest on purchases for 3 months from account opening
• At the end of 0% offer period, balance transfers and purchases will revert to standard variable rate
• home&Away rewards programme giving you instant discounts from well-known brands
• Online account management
• Annual Fee: None

Application Criteria

HSBC*

• You have an annual income or pension before tax of £8,500 or more
• You are a UK resident, including Isle of Man and Channel Islands
• You are aged 18 or over
• You do not hold an HSBC Basic bank account

Card Offers

M&S Transfer Plus*

Balance Transfers:

0% for 32 Months

Balance Transfer Fee:

0.99%

Purchases:

0% for 6 Months

Representative APR:

18.9% APR (variable)

Card Details

M&S Transfer Plus*

• 0% for 32 months on balance transfers made within 90 days of account opening
• 0.99% balance transfer fee, minimum £5
• 0% on purchases for 6 months from account opening
• Collect M&S points every time you shop anywhere in the world with your card
• Preferential rates when you use your card to order M&S Travel Money
• Manage account online
• Annual Fee: None

Application Criteria

M&S Transfer Plus*

• You are a UK resident
• You have a UK bank or building society account
• You are aged 18 or over
• You have not held a credit card with M&S Bank within previous 12 months

Card Offers

HSBC Dual*

Balance Transfers:

0% for 26 Months

Balance Transfer Fee:

2.89%

Purchases:

0% for 26 Months

Representative APR:

22.9% APR (variable)

Card Details

HSBC Dual*

• 0% interest for 26 months on balance transfers made within 60 days of account opening
• 2.89% balance transfer fee (minimum £5)
• 0% on purchases for 26 months from account opening
• At the end of 0% offer period, balance transfers and purchases will revert to standard variable rate
• home&Away rewards programme giving you instant discounts from well-known brands
• Online account management
• Annual Fee: None

Application Criteria

HSBC Dual*

• You have an annual income or pension before tax of £8,500 or more
• You are a UK resident, including Isle of Man and Channel Islands
• You are aged 18 or over
• You do not hold an HSBC Basic bank account

Card Offers

Post Office Money Matched*

Balance Transfers:

0% for 25 Months

Balance Transfer Fee:

2.89%

Purchases:

0% for 25 Months

Representative APR:

19.9% APR (variable)

Card Details

Post Office Money Matched*

• 0% on balance transfers for 25 months made within 3 months of account opening
• 2.89% balance transfer fee
• 0% on purchases for first 25 months
• No cash fee when you purchase Post Office Travel Money
• Manage your account 24/7 with Post Office Money mobile app
• Annual Fee: None

Application Criteria

Post Office Money Matched*

• You are a UK resident
• You have a bank or building society account
• You have an annual income of £8,000 or more excluding unemployment benefits
• You are aged 18 or over
• You have no county court judgements
• You must not already hold a Post Office Money Credit Card

Card Offers

Nationwide Credit Card just for Nationwide members*

Balance Transfers:

0% for 12 Months

Balance Transfer Fee:

0%

Purchases:

0% for 12 Months

Representative APR:

17.9% APR (variable)

Card Details

Nationwide Credit Card just for Nationwide members*

• 0% on balance transfers for 12 months from account opening
• 0% balance transfer fee within first 3 months, 2.4% fee applies after, minimum £5
• 0% on purchases for 12 months from account opening
• Commission free allowance on purchases abroad (subject to terms)
• Manage account online
• Annual Fee: None

Application Criteria

Nationwide Credit Card just for Nationwide members*

• Our credit cards are just for members. You’re a member when you have a current account, mortgage or savings account with us
• You have been living in the UK for the last 12 months
• You have a gross income each year of more than £5000
• You have a good credit history
• You are aged 18 or over

Balance Transfer Deals For Existing Customers

The other type of balance transfer deals for existing customers, are where the credit card companies may on occasion make a balance transfer offer, to a credit card customer who already has a credit card with the company.

Existing customers, who generally will have very good payment histories with the card company, may on occasion be offered a balance transfer deal to encourage them to move debt from another credit card to their existing credit card.

Often the balance transfer deals for existing customers made in this way are not as good an offer as the best balance transfer credit cards currently available.

The balance transfer deals for existing customers are often for a shorter time period, or may have a higher fee, than the bank or credit card company has available to new customers.

This type of balance transfer deal for existing customers can save the credit card customer applying for a new credit card, however, there is no guarantee that the deal will be offered to all existing credit card customers.

There is also no guarantee that the balance transfer deal will be offered within the time-scale, when the customer is actually looking to make a balance transfer.

Generally only a small proportion of a company’s current credit card customers will be offered any additional balance transfer deals for existing customers.

The UK banks and credit card companies do very often tend to treat 0% balance transfers offers as a way to attract new customers.

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Today Balance Transfer Expert has:-

83 UK 0% balance transfer credit cards offering:-

• 0% balance transfers for up to 35 months with a 2.85% fee
• 0% balance transfers for up to 32 months with a 0.99% fee

Top 10 Credit Cards For Balance Transfers >>