Comparing balance transfer credit cards online since 2002Can you balance transfer store cards? An Argos card balance transfer or a Next store card balance transfer, for example
We have over recent months, seen an increase in the number of people looking for answers, on the topic of can you transfer a store card balance to a credit card?
So can you balance transfer a store card? And if so, how do you balance transfer store cards?
The answer is yes, you can balance transfer store cards. This applies to store cards from almost all of the main UK high street retailers.
To transfer a store card balance to a credit card, you simply need to follow the same procedure you would when making a balance transfer from a credit card.
Store Card Balance Transfer
Store cards, differ from credit cards like the Post Office balance transfer credit card, for example.
Customers can use store cards to make a purchase in a specific store, and then pay later. However store cards very often charge high rates of interest and can only be used to make purchases within that specific store.
Credit cards also allow customers to make a purchase and pay later. With a credit card , a customer can make a purchase in any retailer, restaurant, hotel etc, using their card, and then pay later. In addition, most credit card have lower interest rates than most store cards
With many store cards charging around 29.9% APR interest on any outstanding purchases, it is not surprising that many customers are looking to make a store card balance transfer.
A store card balance transfer from a high interest rate store card to a credit card offering 0% on balance transfers, for an introductory period, can offer the customer a way to make large savings.
0% balance transfer cards will not charge interest on the balance for the duration of the balance transfer offer. However, a balance transfer fee will in most cases be charged.
Argos Card Balance Transfer
Can you balance transfer an Argos card, for example.
The Argos card is one of the most popular store cards. You may be able make a balance transfer from an Argos card to a new UK credit card.
You will need to provide the 16 digit card number of the store card you are transferring the balance from. This 16 digit card number is the long number on the front of the store card. Older Argos store cards have a 19 digit card number and as a result, these cards cannot make a balance transfer online.
To make the balance transfer you will also need to provide the name of the store card e.g. Argos, for example and the amount of the balance you want to transfer.
Many balance transfer requests are made during the application process for a new UK credit card.
Store cards very often charge more than 29.9% APR interest on any outstanding purchases. Some of the most popular UK credit cards offer 0% interest on balance transfers for an introductory period of time.
As a result, a balance transfer from a store card to a credit card offering 0% on balance transfers for this introductory period, can offer store card customers large savings on interest payments.
All of the following popular featured UK credit cards will accept a balance transfer from a store card :-
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Card Offers
Card Details
- 0% for 22 months on balance transfers made within 90 days of account opening
- 2.9% balance transfer fee, minimum £5
- 0% on purchases for 22 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 29 months on balance transfers made within first 60 days of account opening
- 2.75% 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 29 months on balance transfers made within 90 days of account opening
- 2.75% 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 20 months on balance transfers made within first 60 days of account opening
- No balance transfer fee applies
- No purchases offer with this card
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Contactless payments to quickly and securely pay for purchases under £45
- 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 have not held a credit card with HSBC Bank in the last 6 months
Card Offers
Card Details
- 0% interest for up to the first 15 months on balances transferred within first 90 days
- 1.45% balance transfer fee during first 90 days, 3% fee applies afer 90 days
- 0% interest on purchases for up to the first 15 months
- Internet fraud protection and Clicksafe
- Online card servicing
- Annual Fee: None
Application Criteria
- 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
Next Store Card Balance Transfer
Like the Argos card above, you can also make a Next store card balance transfer.
Making a Next store card balance transfer request is often made when applying for a new credit card. You simply need to provide the 16 digit card number from the front of the Next store card.
To make the Next store card balance transfer you will also need to provide the name of the store card e.g. Next, as well as the amount of the balance you want to transfer.
A balance transfer fee will be payable in most cases when you balance transfer store cards. This fee is paid to the card company that you transfer the store card balance to. There is no fee charged by the Next store card when a customer makes a balance transfer.
It makes no difference whether you make store card balance transfer to a Visa or MasterCard credit card. Both of these payment networks and their issued credit cards are accepted in millions of locations around the world.
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