Capital One Balance Transfer Offers

Capital One balance transfer offers in the UK have been noticeable, largely by their absence over recent years.

Ever since the start of the credit crunch and the banking crisis which caused it, there have been only very limited periods of time where 0% Capital One balance transfer offers, have been available on the Capital One range of credit cards.

The Capital One credit cards that have been available in the UK market have been targeted at those customers who have a bad credit history. This includes, those customers looking for a credit builder product to rebuild their credit rating, after problems in the past.

The most popular Capital One credit card currently has an annual interest rate of 34.9%. Customers of other credit cards can make a balance transfer to Capital One with this card. However, given the very high rate of interest on balance transfers, this is unlikely to be a popular option for most UK credit card customers.

Capital One balance transfer offers, at such a high interest rate, are only likely to appeal to customers with a very high interest rate on their existing credit card. As an example, customers looking for a Vanquis balance transfer.

Capital One Balance Transfer Existing Customers

Existing customers with a Capital One credit card can of course make a balance transfer to many of the other UK balance transfer credit cards.

Balance transfer offers for existing customers are available on a wide range of UK 0% credit cards. A balance transfer from a Capital One credit card does offer an existing customer an opportunity to save money. This can be achieved by paying a lot less in interest.

When looking for Capital One balance transfer offers for existing customers, a customer will need to have an improved credit rating to successfully apply for any new 0% balance transfer credit card.

Existing Capital One credit card customers are in general, much more likely to be accepted for a new 0% balance transfer credit card in the UK, if they can meet the following criteria:-

You have had a Capital one credit card for at least a year or longer
You have made the minimum payment, or more, on time every month
You have no recent late payments on any other debt
You do not have any recent CCJ’s
You have a low level of overall debt in relation to your annual income, excluding any mortgage

The following popular featured balance transfer credit cards are, given all of the above, likely to be suitable for existing Capital One customers looking for a balance transfer :-

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Card Offers

HSBC Balance Transfer*

Balance Transfers:

0% for 29 months

Balance Transfer Fee:

2.75%

Purchases:

0% for 3 months

Representative APR:

21.9% APR (variable)

Card Details

HSBC Balance Transfer*

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

HSBC Balance Transfer*

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

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

No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

Card Offers

M&S Transfer Plus*

Balance Transfers:

0% for 29 months

Balance Transfer Fee:

2.75%

Purchases:

0% for 3 months

Representative APR:

21.9% APR (variable)

Card Details

M&S Transfer Plus*

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

M&S Transfer Plus*

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

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)

No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

Card Offers

HSBC Purchase Plus*

Balance Transfers:

0% for 18 months

Balance Transfer Fee:

2.9%

Purchases:

0% for 18 months

Representative APR:

22.9% APR (variable)

Card Details

HSBC Purchase Plus*

0% interest for 18 months on balance transfers made within first 60 days of account opening
2.9% balance transfer fee applies (minimum £5)
0% interest on purchases for 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

HSBC Purchase Plus*

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

Representative Example: 22.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 22.9% p.a. (variable)

Credit is subject to status, affordability and applicable terms and conditions

No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

Card Offers

M&S Shopping Plus*

Balance Transfers:

0% for 20 months

Balance Transfer Fee:

2.9%

Purchases:

0% for 20 months

Representative APR:

21.9% APR (variable)

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
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

M&S Shopping Plus*

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

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)

No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

Card Offers

Post Office Classic

Balance Transfers:

0% for up to 18 months

Balance Transfer Fee:

2.9%

Purchases:

0% for up to 12 months

Representative APR:

34.9% APR (variable)

Card Details

Post Office Classic

0% on balance transfers for up to 18 months
2.9% balance transfer fee
0% on purchases for up to 12 months
Credit limit up to £8,000
Online account management
Annual Fee: None

Application Criteria

Post Office Classic

You are a UK resident
You have a bank or building society account
You are aged 18 or over

Representative Example: 34.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 34.9% p.a. (variable)

No balance transfers allowed to this card from Capital One or Post Ofice credit cards

Capital One credit cards are issued in the UK using the MasterCard worldwide payment network. You can make a Capital One balance transfer for existing customers to either another MasterCard credit card, or to a Visa credit card.

Capital One Balance Transfer Offers