Best Balance Transfer Credit Cards 2020

Best Balance Transfer Credit Cards 2019

What are the best balance transfer credit cards 2020?

In what is a very competitive UK credit card market, the 0% balance transfer offers and promotional deals are constantly changing.

Back in 2017 the best balance transfer credit cards in the UK kept increasing their 0% offers throughout the year. The longest balance transfer offers, were as long as 0% for 43 months then.

The Bank of England has recently warned the banks regarding the easy availability of credit. As a result of these warnings the best 0% balance transfer offers in 2020 have been reduced in length.

Here at Balance Transfer Expert we compare the whole UK market and currently have over 80 different 0% balance transfer credit cards to choose from.

So what makes a credit card stand out as one of the best balance transfer credit cards of 2020?

We have three main criteria that we use to consider what are the best 2020 balance transfer credit cards.  These are :-

  • The length of the promotional balance transfer offer
    • The longer the 0% introductory rate lasts, the more money you can save on interest. Any repayments you make above the minimum payment will also repay your debt faster.
  • The size of  the balance transfer fee
    •  In this case a smaller percentage handling fee is better, meaning you pay less in fees.
  • The cards application criteria
    •  No one knows the exact credit scoring used by the individual card companies, but do you have a reasonable chance of actually being accepted for the card?

Taking all of the above factors into account and with the precondition that all individual cardholders circumstances will vary, here is our choice of the best 0% balance transfer credit cards currently available in 2020.

Best Balance Transfer Credit Cards 2020 – Longest Offers

The featured balance transfer credit cards with the longest promotional 0% offers and good acceptance rates:-


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Card Offers

Balance Transfers:
0% for up to 26 months
Balance Transfer Fee:
3%
Purchases:
0% for 3 months
Representative APR:
19.9% APR (variable)
More Information

Card Details

Sainsbury’s Balance Transfer
  • 0% interest on balance transfers for up to 26 months
  • 3% balance transfer fee on transfers made at application
  • 0% interest on purchases for your first 3 months
  • Collect 2 Nectar points per £1 spent on Sainsbury's shopping and fuel
  • Collect 1 Nectar point for every £5 spent on your card elsewhere
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Sainsbury’s Balance Transfer
  • You have a permanent UK address
  • You have not been declined for credit in the last month
  • You do not have a history of bad credit
  • You are aged 18 or over
More Information
To apply for a credit card you must be a Nectar member and should have been one for at least 6 months
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.95% p.a. (variable)
No balance transfers allowed to this card from Sainsbury’s credit cards

Card Offers

Balance Transfers:
0% for 28 months
Balance Transfer Fee:
2.75%
Purchases:
0% for 3 months
Representative APR:
19.9% APR (variable)
More Information

Card Details

NatWest Longer Balance Transfer
  • 0% on balance transfers for 28 months from account opening
  • 2.75% balance transfer fee
  • 0% on purchases for first 3 months from account opening
  • Lock and unlock your credit card in app
  • Manage your card 24/7 online and by telephone banking
  • Annual Fee: None
More Information

Application Criteria

NatWest Longer Balance Transfer
  • You are a NatWest customer
  • You are a UK resident
  • You are earning at least £10,000 per year
  • You are aged 18 or over
More Information
Only available to customers who have a current account, savings account, credit card or mortgage with NatWest
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)
No balance transfers allowed to this card from NatWest, RBS or Ulster Bank credit cards

Card Offers

Balance Transfers:
0% for up to 28 months
Balance Transfer Fee:
2.95%
Purchases:
0% for 3 months
Representative APR:
19.9% APR (variable)
More Information

Card Details

TSB Platinum Balance Transfer
  • 0% interest for up to 28 months on balances transferred within first 90 days
  • 2.95% balance transfer fee during first 90 days, 3% fee applies afer 90 days
  • 0% interest for the first 3 months on purchases
  • Internet fraud protection and Clicksafe
  • Apple Pay and Android Pay
  • Annual Fee: None
More Information

Application Criteria

TSB Platinum Balance Transfer
  • You are an existing TSB customer
  • You are not currently declared bankrupt, have CCJs or subject to IVA
  • You have a good credit rating and regular income
  • You are a UK resident
  • You are aged 18 or over
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.95% p.a. (variable)
No balance transfers allowed to this card from TSB credit cards

Card Offers

Balance Transfers:
0% for 26 Month
Balance Transfer Fee:
0%
Purchases:
0% for 26 months
Representative APR:
21.7% APR (variable)
More Information

Card Details

Santander All in One
  • 0% interest on balance transfers for 26 month from date account opened
  • 0% balance transfer fee
  • 0% interest on purchases for 26 month from date account opened
  • 0.5% cashback on all of your purchases
  • No foreign transaction fee on purchases made abroad in local currency
  • Cashback through Retailer Offers
  • Monthly Fee: £3
More Information

Application Criteria

Santander All in One
  • You are a permanent UK resident
  • You have a good credit history with no history of bad credit
  • You have an income of £7,500 per year or more
  • You are at least 18 years of age
More Information
Monthly fee of £3 payable
Representative Example: 21.7% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 15.9% p.a. (variable) with a monthly fee of £3 payable
No balance transfers allowed to this card from Santander credit cards

The best balance transfer credit cards will generally only be available to those customers with a very good credit history. These customers will have no recent late payment or bad debt problems.

Having a low level of outstanding debt in relation to your overall annual income will also increase your chances of being accepted for one of the best balance transfer credit cards in 2020.

You can see the full range of all UK balance transfer credit cards, including all of the above 2020 best balance transfer credit cards on our balance transfer cards page.


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