Comparing balance transfer credit cards online since 2002
What are the best balance transfer credit cards 2023?
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 rapidly increased the length of their 0% introductory offers. Back then, the best balance transfer cards, had introductory offers for as long as 0% for 43 months.
However, the Bank of England has in recent years warned the banks regarding the easy availability of credit. As a result of these warnings, the best 0% balance transfer cards in 2023, now have shorter introductory 0% offers.
The number of customers getting larger credit limits, a £7000 credit card limit for example, have also been reduced.
Best Balance Transfer Cards
Here at Balance Transfer Expert we compare the whole UK market and currently have over 60 different 0% balance transfer credit cards to choose from.
So what makes a credit card stand out as one of the best balance transfer cards of 2023?
We have three main criteria that we use to consider what are the best balance transfer deals. 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 2023.
Best Balance Transfer Deals
The following featured balance transfer cards have some of the the longest promotional 0% offers and good overall acceptance rates:-
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Card Offers
Card Details
- 0% for 28 months on balance transfers made within 90 days of account opening
- 2.99% 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
- 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
Card Details
- 0% interest for up to 27 months on balance transfers made within first 60 days of account opening
- 3.49% 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
- 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
Card Details
- 0% for 15 months on balance transfers made within 90 days of account opening
- 2.99% balance transfer fee, minimum £5
- 0% on purchases for 18 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
- 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
Card Details
- 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
Application Criteria
- 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
Card Offers
Card Details
- 0% interest for up to 16 months on balance transfers made within first 60 days of account opening
- 3.49% balance transfer fee applies (minimum £5)
- 0% interest on purchases for up to 18 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
- 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
The best balance transfer deals 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 2023.
The best 0% transfer cards are all available using either the Mastercard or Visa payment networks. Currently there are no American Express balance transfer cards with 0% introductory offers available in the UK.
You can see the full range of all UK balance transfer credit cards, including all of the above 2023 best balance transfer credit cards on our balance transfer cards page.
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