There is lots of choice in the UK credit card market, although not as much as there was several years ago. We currently list around 60 0% balance transfer credit cards offering introductory rates of up to 28 months on balance transfers.
This may seem like a huge number of credit cards to choose from, but in actual fact you may have far fewer credit cards available to choose from. This applies especially, if you wish to transfer a balance from your current credit card.
This is because the credit card companies will not allow balance transfers from credit cards that have a different brand name, but which are actually issued by the same company.
Applying for a new credit card and getting accepted, only to find out that you can not make a balance transfer, because your current credit card and your new credit card are issued by the same company can be very frustrating.
In many cases when you are looking for a new balance transfer credit card, it is not immediately obvious who the issuing credit card company behind each credit card actually is. Often the name can be buried in the small print of the site or in the balance transfer terms and conditions of the card agreement and is not always easily found.
For Balance Transfers Be Brand Aware
Did you know that the John Lewis credit card and all of the M&S balance transfer credit cards are both issued by HSBC Bank for example? You can not transfer a balance from a John Lewis credit card to a M&S credit card or vice versa.
However with Balance Transfer Expert, we have done all the hard work of finding out which credit card issuer is behind each brand.
All of the credit cards listed on our site clearly show, in the main tab, which cards you are not allowed to make a balance transfer from.
You can make a Mastercard to Mastercard balance transfer, for example, provided the two cards are from different credit card companies.
Read more of the latest balance transfer tips from Balance Transfer Expert.