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, lower than average fees and good acceptance rates:-


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Card Offers

Balance Transfers:
0% for 28 Months
Balance Transfer Fee:
2.85%
Purchases:
0% for 6 Months
Representative APR:
19.9% APR (variable)
More Information

Card Details

M&S Transfer Plus*
  • 0% for 28 months on balance transfers made within 90 days of account opening
  • 2.85% 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
More Information

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
More Information
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)

Card Offers

Balance Transfers:
0% for 25 Months
Balance Transfer Fee:
1.5%
Purchases:
0% for 3 Months
Representative APR:
21.9% APR (variable)
More Information

Card Details

HSBC Balance Transfer*
  • 0% interest on balance transfers for 25 months made within first 60 days of account opening
  • 1.5% balance transfer fee (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
  • home&Away rewards programme giving you instant discounts from well-known brands
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

HSBC Balance Transfer*
  • You have an annual income or pension before tax of £8,500 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions

Card Offers

Balance Transfers:
0% for 20 Months
Balance Transfer Fee:
2.9%
Purchases:
0% for 20 Months
Representative APR:
19.9% APR (variable)
More Information

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
  • Preferential rates when you use your card to order M&S Travel Money
  • Manage account online
  • Annual Fee: None
More Information

Application Criteria

M&S Shopping 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
More Information
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)

Best Balance Transfer Credit Cards 2020 – Lowest Fees

The lowest featured balance transfer fee credit cards which also have a reasonably long 0% offer:-

Card Offers

Balance Transfers:
0% for 18 Months
Balance Transfer Fee:
1.5%
Purchases:
0% for 3 Months
Representative APR:
19.9% APR (variable)
More Information

Card Details

Nationwide Member Credit Card*
  • 0% on balance transfers for 18 months if made within 90 days of account opening
  • 1.5% balance transfer fee within first 90 days, after that 2.4% fee applies, minimum £5
  • 0% on purchases for 3 months from date you open your account
  • Unlimited commission-free purchases abroad
  • Manage account online
  • Annual Fee: None
More Information

Application Criteria

Nationwide Member Credit Card*
  • Must be a Member of Nationwide. This means you already have a current account, mortgage or savings account with Nationwide
  • You are a UK resident
  • You have a minimum income of £5000 per year
  • You have a good credit history
  • You are aged 18 or over
More Information
Must be a Member of Nationwide. This means you already have a current account, mortgage or savings account with Nationwide
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)

Card Offers

Balance Transfers:
0% for 15 Months
Balance Transfer Fee:
1.5%
Purchases:
0% for 15 Months
Representative APR:
19.9% APR (variable)
More Information

Card Details

Nationwide Member Credit Card - All Rounder*
  • 0% on balance transfers for 15 months if made within 90 days of account opening
  • 1.5% balance transfer fee within first 90 days, after that 2.4% fee applies, minimum £5
  • 0% on purchases for 15 months from date you open your account
  • Unlimited commission-free purchases abroad
  • Manage account online
  • Annual Fee: None
More Information

Application Criteria

Nationwide Member Credit Card - All Rounder*
  • Must be a Member of Nationwide. This means you already have a current account, mortgage or savings account with Nationwide
  • You are a UK resident
  • You have a minimum income of £5000 per year
  • You have a good credit history
  • You are aged 18 or over
More Information
Must be a Member of Nationwide. This means you already have a current account, mortgage or savings account with Nationwide
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)

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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