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, or at 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 are only likely to appeal to customers with a very high interest rate on their existing credit card, such as 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.

Capital One 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, 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 :-

Card Offers

HSBC Matched*

Balance Transfers:

0% for 18 Months

Balance Transfer Fee:

2.99%

Purchases:

0% for 18 Months

Representative APR:

22.9% APR (variable)

Card Details

HSBC Matched*

0% interest for 18 months on balance transfers made within 60 days of account opening
2.99% balance transfer fee (minimum £5)
0% on purchases for 18 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

Application Criteria

HSBC Matched*

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

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

Card Offers

Nationwide Credit Card just for Nationwide members*

Balance Transfers:

0% for 12 Months

Balance Transfer Fee:

Purchases:

0% for 12 Months

Representative APR:

17.9% APR (variable)

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

Application Criteria

Nationwide Credit Card just for Nationwide members*

Nationwide credit cards are just for members. You are a member when you have a current account, mortgage or savings account with Nationwide
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

Nationwide credit cards are just for members. You are a member when you have a current account, mortgage or savings account with Nationwide

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

M&S Transfer Plus*

Balance Transfers:

0% for 28 Months

Balance Transfer Fee:

0.99%

Purchases:

0% for 6 Months

Representative APR:

19.9% APR (variable)

Card Details

M&S Transfer Plus*

0% for 28 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

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

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

Asda Cashback*

Balance Transfers:

0% for 12 Months

Balance Transfer Fee:

Purchases:

No offer

Representative APR:

19.9% APR (variable)

Card Details

Asda Cashback*

0% on balance transfers for 12 months
3% balance transfer fee, minimum £3
0% for 6 months on purchases of £200 or more at George.com
1% cashback on your Asda shopping online and instore
1% cashback at Asda Living, Asda petrol stations and George.com
0.2% cashback everywhere else
Annual Fee: None

Application Criteria

Asda Cashback*

You are a permanent UK resident
You have a UK bank or building society account
You are able to provide at least one telephone number
You have a regular source of income
You are aged 18 or over

Unlimited cashback vouchers - 1% at Asda plus 0.2% everywhere else

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

M&S Shopping Plus*

Balance Transfers:

0% for 20 Months

Balance Transfer Fee:

2.9%

Purchases:

0% for 20 Months

Representative APR:

19.9% 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
Preferential rates when you use your card to order M&S Travel Money
Manage account online
Annual Fee: None

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

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)

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, such as the above Marks and Spencer balance transfer card or to a Visa credit card.

Capital One Balance Transfer Offers