Balance Transfer From Vanquis?

Can you make a Vanquis balance transfer? Is a balance transfer from Vanquis possible? Which Vanquis balance transfers are allowed?

These are all some of the most recent questions that we have seen UK credit card customers looking for answers on, around the topic of making a balance transfer from Vanquis.

Balance Transfer From VanquisThe Vanquis credit card is primarily a credit builder credit card designed for people with either no previous credit history, or for people who who have had credit problems such as Count Court Judgements or CCJ’s in the past.

Many UK credit card customers use the Vanquis credit card to improve their credit rating. Customers can do this by making at least the minimum payment on time every month and staying within their allocated credit limit.

Over time, a customer’s credit limit can increase and with no further debt problems, their overall credit rating can also improve. This will then allow Vanquis customers to then apply for a new credit card that has a lower annual interest rate.

Vanquis Balance Transfer

Are Vanquis balance transfers allowed? Well, yes and no.

  • Yes, you can make a balance transfer from your Vanquis credit card to another credit card
  • No, you cannot make a balance transfer from another credit card to your Vanquis card

We have seen that quite often Vanquis credit card customers get confused as to whether they can make a Vanquis balance transfer or a balance transfer from Vanquis to another credit card.

This confusion often arises because Vanquis do not currently allow a balance transfer to be made from any other credit card to a Vanquis credit card.

A balance transfer from Vanquis to another credit card is however allowed. This balance transfer is treated as a payment from the customer to Vanquis, even though the payment is actually made by the new credit card company.

Balance Transfer From Vanquis?

As a credit builder credit card, the Vanquis credit card has a high interest rate, currently a representative 39.9% APR variable. With such a high interest rate, many customers will look for a balance transfer from Vanquis to another credit card.

A balance transfer from a Vanquis credit card does offer a customer an opportunity to save money by paying a lot less in interest.

Many other UK credit cards will accept a balance transfer from Vanquis, although a customer will need to have an improved credit rating to successfully apply for any new balance transfer credit card.

Existing Vanquis credit card customers are much more likely to be accepted for a new 0% balance transfer credit card if they can meet the following criteria:-

  • Have had a Vanquis credit card for at least 1 year or more
  • Made at least the minimum payment on time every month
  • No recent late payments on any other debt
  • No recent CCJ’s
  • Low level of overall debt in relation to annual income

Given all of the above, the following featured balance transfer cards are most likely to be suitable for a balance transfer from Vanquis:-

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 33 Months
Balance Transfer Fee:
0.57%
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
  • 0.57% fee applies (after 2.43% 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
  • 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 your 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% 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)

Card Offers

Balance Transfers:
0% for up to 38 Months
Balance Transfer Fee:
2.25%
Purchases:
0% for 6 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Halifax Balance Transfer*
  • 0% for up to 38 months from account opening on balance transfers made in first 90 days
  • 2.25% balance transfer fee in first 90 days (after 0.75% 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
2.25% 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 30 Months
Balance Transfer Fee:
2.75%
Purchases:
0% for 30 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Post Office Money Matched*
  • 0% on balance transfers for 30 months made within 3 months of account opening
  • 2.75% balance transfer fee
  • 0% on purchases for first 30 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
More Information

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
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)
Post Office Credit Cards are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender

Card Offers

Balance Transfers:
0% for 39 Months
Balance Transfer Fee:
2.4%
Purchases:
0% for 3 Months
Representative APR:
20.9% APR (variable)
More Information

Card Details

Virgin Money 39 Month Balance Transfer*
  • 0% on balance transfers for 39 months from date account opened (20.9% APR thereafter)
  • 2.4% 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 39 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 39 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 18 Months
Balance Transfer Fee:
2.89%
Purchases:
0% for 28 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Post Office Money Platinum*
  • 0% interest for 18 months on balance transfers made within 3 months of account opening
  • 2.89% balance transfer fee
  • 0% interest on purchases for first 28 months
  • No fees on overseas purchases
  • No cash fee when you purchase Post Office Travel Money
  • Manage your account 24/7 with Post Office Money mobile app
  • Annual Fee: None
More Information

Application Criteria

Post Office Money Platinum*
  • 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
More Information
No fees on overseas purchases
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)
Post Office Credit Cards are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender

Card Offers

Balance Transfers:
0% for 18 Months
Balance Transfer Fee:
3%
Purchases:
0% for 9 Months
Representative APR:
27.9% APR (variable)
More Information

Card Details

Bank of Scotland Classic
  • 0% for 18 months from account opening on balance transfers made within first 90 days
  • 3% balance transfer fee
  • 0% for 9 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 Classic
  • 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
Representative Example: 27.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 27.95% p.a. (variable)

Vanquis credit cards are issued as a credit card using the Visa worldwide payment network. You can make a Vanquis balance transfer to either another Visa credit card or to a MasterCard credit card, such as the above Tesco balance transfer cards.

So in summary, is a Vanquis balance transfer allowed?

  • Yes, if you are making a Vanquis credit card balance transfer to another credit card
  • No, if you are looking to make a balance transfer from another credit card to Vanquis

Related Content From Balance Transfer Expert:-

Today Balance Transfer Expert has:-

104 UK 0% balance transfer credit cards offering:-

  • 0% balance transfers for up to 40 months with a 2.69% fee
  • 0% balance transfers for up to 33 months with a 0.57% fee
  • 0% balance transfers for up to 29 months with no fee