Balance Transfer Offers

The UK credit card market has a wide range of differing balance transfer offers available today. Currently, there are around 60 credit cards available online in the UK, with introductory 0% balance transfer deals.

The number of cards available with 0% transfer offers has fallen over recent years. Back in 2017, for example there were more than 110 cards available with a 0% introductory offer.

The length of the introductory 0% balance transfer offers available is constantly changing. This because the UK credit card market is very competitive, and as a result the UK credit card companies compete for new customers.

UK Balance Transfer Offers

At the time of writing, the longest UK balance transfer offers are available on cards with 0% on balance transfers for up to 29 months. After the introductory 0% deal has ended, any remaining debt still left on the card will be charged interest. This will be at the cards standard interest rate, which is often around 21.9% APR variable.

A customer making an interest free balance transfer, to a credit card with a 0% deal can save money. The customer will pay no interest during the 0% introductory offer period. All of the customer’s monthly repayments will go towards reducing the amount they owe.

The length of the introductory balance transfer deals are not the only factor in choosing the right balance transfer credit card, of course.

Balance transfer fees can also vary between the different credit cards. In general, cards with very short balance transfer deals have lower balance transfer fees. Credit cards with the longest 0% introductory deals do tend to have higher balance transfer fees.

The very best balance transfer offers in the UK, are generally only available to customers with a good or excellent credit history. If you have missed payments or have recent bad debts, it is unlikely that you will be accepter for any of the best balance transfer credit cards.

Some of the most popular 0% balance transfer offers with good acceptance rates currently include the following featured cards :-

Card Offers

HSBC Balance Transfer*

Balance Transfers:

0% for 29 months

Balance Transfer Fee:

2.75%

Purchases:

0% for 3 months

Representative APR:

21.9% APR (variable)

Card Details

HSBC Balance Transfer*

• 0% interest for 29 months on balance transfers made within first 60 days of account opening
• 2.75% 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

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

Card Offers

M&S Transfer Plus*

Balance Transfers:

0% for 29 months

Balance Transfer Fee:

2.75%

Purchases:

0% for 3 months

Representative APR:

21.9% APR (variable)

Card Details

M&S Transfer Plus*

• 0% for 29 months on balance transfers made within 90 days of account opening
• 2.75% 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

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

Card Offers

Co-operative Bank Balance Transfer

Balance Transfers:

0% for 24 months

Balance Transfer Fee:

3%

Purchases:

0% for 4 months

Representative APR:

20.6% APR (variable)

Card Details

Co-operative Bank Balance Transfer

• 0% interest for 24 months for balance transfers made within 60 days
• 3% balance transfer fee, minimum £5
• 0% interest on purchases for 4 months from account opening
• All successful applicants will receive this exact rate and offer
• Online account management
• Annual Fee: None

Application Criteria

Co-operative Bank Balance Transfer

• Only available to customers who have held a Co-operative Bank or smile current account for 1 month or more
• You are a UK resident
• You have annual income of £10,000 or more
• You are aged 18 or over

Card Offers

Post Office Classic

Balance Transfers:

0% for up to 12 months

Balance Transfer Fee:

2.9%

Purchases:

0% for up to 12 months

Representative APR:

34.9% APR (variable)

Card Details

Post Office Classic

• 0% on balance transfers for up to 12 months
• 2.9% balance transfer fee
• 0% on purchases for up to 12 months
• Credit limit up to £8,000
• Online account management
• Annual Fee: None

Application Criteria

Post Office Classic

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

Card Offers

M&S Shopping Plus*

Balance Transfers:

0% for 20 months

Balance Transfer Fee:

2.9%

Purchases:

0% for 20 months

Representative APR:

21.9% APR (variable)

Card Details

M&S Shopping Plus*

• 0% for 20 months on balance transfers made within 90 days of account opening
• 2.9% balance transfer fee, minimum £5
• 0% on purchases for 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

Application Criteria

M&S Shopping 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

Online Balance Transfer Offers

At the time of writing, the online balance transfer offers in the UK which are currently available, can be broken down as follows:-

• 9 cards available online with 0% on balance transfers for less than 12 months
• 24 cards available online with 0% on balance transfers between 12 months and 18 months
• 14 cards available online with 0% on balance transfers for between 19 months and 24 months
• 13 cards available online with 0% on balance transfers for more than 24 months

These 0% introductory transfer offers are available on both Visa branded cards as well as on MasterCard branded cards. Mastercard and Visa credit cards are both accepted at millions of shops, restaurants, hotels and petrol stations around the world.

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