Can I Make Multiple Balance Transfers?

Can you make multiple balance transfers?

Multiple balance transfers usually occur in one of two different ways :-

  • You could be looking to make multiple balance transfers from several different existing credit cards onto one new 0% balance transfer credit card
  • Alternatively you could be planning to make repeated multiple balance transfers from one card to another at the end of each introductory balance transfer period.

Multiple Balance Transfers From Several Different Cards

Multiple Balance TransfersIf you currently have several different credit cards all with an outstanding balance on them, then it is possible and indeed quite common, to apply for a balance transfer credit card and make multiple balance transfers on to this new credit card.

The process for making multiple balance transfers is quite simple. You apply to make a balance transfer as normal, either online or by telephoning the customer services number of your new credit card company. Then you simply provide the details for each existing card in turn, with the amounts you wish to transfer. For further details see our guide on how you transfer a balance from one credit card to another.

There are three issues to be aware of when you making multiple balance transfers in this way:-

  • You will need to be given a large enough credit limit on the new card to allow you to make all the balance transfers. If your new credit limit is not high enough then you will not be able to transfer all of the outstanding balances.
  • You will need to pay a balance transfer fee for each balance transfer that you make. This fee should not be any higher than if you were transferring one large amount unless you are transferring very small amounts in which case the minimum balance transfer fee may cost you slightly more.
  • Finally and most importantly, you will need to find a new credit card that is not issued by any of your existing credit card companies. This  is because you can not transfer a balance between cards issued by the same company. Use our compare balance transfer credit card page to avoid this issue by selecting your existing cards.

Multiple Balance Transfers From One Card To Another

If you have previously done a balance transfer and your introductory balance transfer period is about to come to an end then it is possible to repeat your balance transfer again to a new credit card so effectively making multiple balance transfers.

In this instance of course you are reliant on being approved for a new credit card each time that you need to transfer the balance. Given the recent credit crisis and the increased difficulty over the past couple of years of being approved for a new credit card, you should not automatically assume that you can transfer a balance for ever.

Some of the most popular featured 0% balance transfer credit cards include all of the following :-

Card Offers

Balance Transfers:
0% for 32 Months
Balance Transfer Fee:
1.4%
Purchases:
0% for 3 Months
Representative APR:
19.9% APR (variable)
More Information

Card Details

HSBC*
  • 0% interest on balance transfers for 32 months made within 60 days of account opening
  • 1.4% balance transfer fee (minimum £5)
  • 0% interest on purchases for 3 months from account opening
  • At the end of 0% offer 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*
  • You have an annual income or pension before tax of £8,500 or more
  • You are a UK resident, including Isle of Man and Channel Islands
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
£25 cashback when use card for minimum of £300 for either purchases or a balance transfer within 60 days of account opening (terms apply)
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)
Credit is subject to status

Card Offers

Balance Transfers:
0% for up to 35 Months
Balance Transfer Fee:
2.85%
Purchases:
0% for 3 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Post Office Money Balance Transfer*
  • 0% for up to 35 months on balance transfers made within 3 months of account opening
  • 2.85% balance transfer fee applies
  • 0% on all purchases for the first three months
  • No cash fee to buy travel money at the Post Office
  • Manage your account 24/7 with Post Office Money mobile app
  • Annual Fee: None
More Information

Application Criteria

Post Office Money Balance Transfer*
  • You are a UK resident
  • You have a bank or building society account
  • You have an annual income of £8,000 or more excluding unemployment benefits
  • You are aged 18 or over
  • You have no county court judgements
  • You must not already hold a Post Office Money Credit Card
More Information
A 2.85% fee applies and balance transfers must be made within 3 months of account opening
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
Post Office Credit Cards are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender

Card Offers

Balance Transfers:
0% for 32 Months
Balance Transfer Fee:
0.99%
Purchases:
0% for 6 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

M&S Transfer Plus*
  • 0% for 32 months on balance transfers made within 90 days of account opening
  • 0.99% 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: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

Card Offers

Balance Transfers:
0% for 12 Months
Balance Transfer Fee:
0%
Purchases:
0% for 12 Months
Representative APR:
17.9% APR (variable)
More Information

Card Details

Nationwide Credit Card just for Nationwide members*
  • 0% on balance transfers for 12 months from account opening
  • 0% balance transfer fee within first 3 months, 2.4% fee applies after, minimum £5
  • 0% on purchases for 12 months from account opening
  • Commission free allowance on purchases abroad (subject to terms)
  • Manage account online
  • Annual Fee: None
More Information

Application Criteria

Nationwide Credit Card just for Nationwide members*
  • Our credit cards are just for members. Youre a member when you have a current account, mortgage or savings account with us
  • You have been living in the UK for the last 12 months
  • You have a gross income each year of more than £5000
  • You have a good credit history
  • You are aged 18 or over
More Information
Representative Example: 17.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 17.9% p.a. (variable)

Card Offers

Balance Transfers:
0% for 25 Months
Balance Transfer Fee:
2.9%
Purchases:
0% for 25 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

M&S Shopping Plus*
  • 0% for 25 months on balance transfers made within 90 days of account opening
  • 2.9% balance transfer fee, minimum £5
  • 0% on purchases for 25 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: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

Card Offers

Balance Transfers:
0% for 25 Months
Balance Transfer Fee:
2.89%
Purchases:
0% for 25 Months
Representative APR:
19.9% APR (variable)
More Information

Card Details

Post Office Money Matched*
  • 0% on balance transfers for 25 months made within 3 months of account opening
  • 2.89% balance transfer fee
  • 0% on purchases for first 25 months
  • No cash fee when you purchase Post Office Travel Money
  • Manage your account 24/7 with Post Office Money mobile app
  • Annual Fee: None
More Information

Application Criteria

Post Office Money Matched*
  • You are a UK resident
  • You have a bank or building society account
  • You have an annual income of £8,000 or more excluding unemployment benefits
  • You are aged 18 or over
  • You have no county court judgements
  • You must not already hold a Post Office Money Credit Card
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
Post Office Credit Cards are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender

We would always advise that you do make meaningful repayments of your outstanding balance every month so that you are not caught with a high outstanding balance and no method to transfer it.


Related Content From Balance Transfer Expert:-

Today Balance Transfer Expert has:-

84 UK 0% balance transfer credit cards offering:-

  • 0% balance transfers for up to 35 months with a 2.85% fee
  • 0% balance transfers for up to 32 months with a 0.99% fee