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Cards listed by balance transfer fee

The best available credit cards from moneysupermarket.com
	Product Name	Balance Transfer	Rewards	Representative APR (Variable)	Product Reviews
www.sainsburyfinance.co.uk	Sainsbury's Low Rate Credit Card	6.95% - 0% fee	No rewards	6.9% APR	Read review
	Market leading for low rate No balance transfer fee Offer only for active Nectar customers Must have a good credit rating No 0% period There is no introductory balance transfer offer on this product and any transfers will incur 6.95% interest rate. There are no rewards with this card. You won't pay interest on purchases if you pay your balance in full and on time each month, refer to provider for full details. Each month you must repay the greater of:- a) an amount equal to the total of any CCRC premiums, interest, default sums, plus 1% of the balance; b) 2.25% of the balance shown on your statement; or c) £5, or the full balance if less than £5, plus any amount you owe that is more than your credit limit. You will be assessed on your personal circumstances and credit history to determine the APR available to you. This may result in you being offered a different rate than that quoted. This low rate card, which is only available to customers with a Nectar card, offers a representative APR of 6.9% on new purchases and balance transfers, and does not impose balance transfer fees. Those who may previously have switched cards for introductory offers can therefore avoid incurring a balance transfer fee while enjoying a low rate. This makes it a good choice for those who know they aren’t going to be able to clear their balance every month, as interest charges are low. However, bear in mind that unless you have an impeccable credit history, you may be offered a higher representative APR of either 9.9% variable or 12.9% variable. Even if you do qualify for the lowest rate, if you are transferring a large balance, you will need to work out if you may be better off with a card offering a lengthy 0% period on balance transfers with a balance transfer fee. While you have to have a Nectar card to apply for the card, you do not get any Nectar points when you spend. You should not use this card to make cash withdrawals, as these are charged interest at a hefty 24.93%. You will also be charged a withdrawal fee of 3%, with a minimum charge of £3. The card does not have an annual fee.
	Representative Example: If you spend £1,200 at a purchase interest rate of 6.95% (variable) your Representative APR will be 6.9% (variable).
www.barclaycard.co.uk	Barclaycard Platinum Simplicity	7.9% - 0% fee	Music	7.9% APR	Read review
	Instant online decision is available Pay for items up to £15 with Contactless No balance transfer fee Must have a good credit rating No balance transfers between Barclaycard There is no introductory balance transfer offer on this product and any transfers will incur an interest rate of 7.9% APR. You will have access to Barclaycard Unwind which gives you exclusive access to intimate gigs, exclusive content and music news, exclusive tickets and Unwind at Wembley Arena where you can enjoy advanced ticketing for shows and even be a VIP guest in the Wembley Unwind lounge. Receive up to 56 days interest free on new purchases if you pay your statement in full and on time every month. The minimum repayment on this card is the highest of: 1. 2.25% of the amount you owe on your monthly statement; 2. £5 (or the entire amount if less than £5); 3. any interest, account fees and default charges that have been added to your account since your last statement plus 1% of the remaining balance. This card has one of the lowest APRs currently available at 7.9% on both balance transfers and purchases. It is therefore likely to suit those looking for a consistently low rate who doesn't want to keep transferring their balance to take advantage of 0% introductory offers. There is no handling fee on balance transfers – most cards charge around 3% – so if you are transferring a large balance this could result in significant savings. Cardholders can manage their accounts online, and make contactless payments using the card on purchases up to £15. You must be 21 to apply for the card, with at least four years of managing credit commitments well, always making payments on time. You must also have a regular income of over £20,000 a year and not already have a credit card with Barclaycard. As with most credit cards, there is an interest-free period of 56 days.
	Representative Example: If you spend £1,200 at a purchase interest rate of 7.9% (variable) your Representative APR will be 7.9% (variable).
www.co-operativebank.co.uk	Co-operative Bank Platinum Fixed Rate Credit Card	9.9% - 0% fee	Insurance Travel	12.9% APR	Read review
	Low rate fixed for 5 years One rate for all transactions 5% discount on a wide range of holidays No Co-operative Bank card transfers You must be aged 18 or over The interest rate is fixed for five years, after five years the rate reverts to 12.9% APR representative/variable. 90 day Purchase Protection Insurance (£25 excess). Up to £100,000 free Travel Accident Insurance when you use your card to pay for tickets. You will receive a 5% discount and no credit card fee on a wide range of holidays when purchased via phone only with The Co-operative Travel using your credit card. Please see provider website for full terms and conditions. Receive up to 56 days interest free on new purchases if you pay your statement in full and on time every month. The minimum repayment on this card is 2% of the amount shown as owing to The Co-operative Bank on your statement or £5, or 1% plus fees, interest and charges, whichever is greater. If the balance shown on your statement is less than £5 your minimum payment will be the total amount of the statement balance. Review to follow
	Representative Example: If you spend £1,200 at an annual interest rate of 12.9% (variable) your Representative APR will be 12.9% (variable).
www.co-operativebank.co.uk	Co-operative Bank Clear Credit Card	12.9% - 0% fee	Insurance Travel	12.9% APR	Read review
	Low standard APR No cash withdrawal fee Existing customer preferential rate No Co-operative Bank card transfers No 0% introductory offers There is no introductory balance transfer offer on this product and any transfers will incur an interest rate of 12.9% APR. A preferential rate is available for Co-operative Bank Privilege, Privilege Premier and Current Account Plus customers of 2.9% p.a. on balance transfers for 12 months. Up to £25,000 Travel Accident Insurance when you use your card to pay for tickets. You will receive a 5% discount and no credit card fee on a wide range of holidays when purchased via phone only with The Co-operative Travel using your credit card. Please see provider website for full terms and conditions. Receive up to 56 days interest free on new purchases if you pay your statement in full and on time every month. The minimum repayment on this card is 2% of the amount shown as owing to The Co-operative Bank on your statement or £5, or 1% plus fees, interest and charges, whichever is greater. If the balance shown on your statement is less than £5 your minimum payment will be the total amount of the statement balance. Review to follow
	Representative Example: If you spend £1,200 at an annual interest rate of 12.9% (variable) your Representative APR will be 12.9% (variable).
www.virginmoney.com	Virgin Low Fee Balance Transfer Credit Card	0% 9 months 1.5% fee	Rewards	16.8% APR	Read review
	Exclusive to MoneySupermarket.com LOW transfer fee of 1.5% Pay for items up to £15 with Contactless No transfers from MBNA or Virgin cards 18.9% APR on transferred balances 0% on balance transfers and money transfers for the first nine months from the date the account is opened, as well as three months at 0% on purchases. After the introductory periods end, the Virgin 9/3 card has a representative annual percentage rate (APR) of 16.8% variable. This card offers a low 1.5% balance transfer fee if you move your balances over within 60 days. Transactions made after 60 days from the account opening date will be charged the standard balance transfer fee of 2.89%. You will need a good credit rating and to be over 18 years of age however there is no minimum income requirement. Instant online decision is available however you will not be able to transfer a balance from any other cards in the MBNA stable. Discounts on Virgin products - 30% off balloon flights plus free champagne & chocolates, up to 20% off experiences, 5% off holidays plus no credit card fee (usually 2.5%), 10% off at Virgin Wines and VIE at home and 1 month free for new members at Virgin Active. Receive up to 50 days interest free on new purchases if you pay your statement in full and on time every month. The minimum repayment on this card is: • the balance on your statement if it is £25 or less; or • the greater of £25 or 1% of the balance on your statement before any default charges, card fees and interest (to which an amount equal to the default charges, card fees and interest will then be added). Plus the amount of any arrears, which are repayable immediately. The Virgin 9/3 card offers an introductory rate of 0% on balance transfers and money transfers for the first nine months from the date the account is opened, as well as three months at 0% on purchases. There are much longer introductory periods for balance transfers and purchases available elsewhere but if you know you are going to be able to pay off what you owe relatively quickly, then a shorter 0% offer might suit you better. After the introductory periods end, the Virgin 9/3 card has a representative annual percentage rate (APR) of 16.8% variable. As the 0% introductory periods on balance transfers and purchases apply for different lengths of time, you’ll need to make a note of when each period ends and clear your debts before then so that you don’t end up paying interest. The main advantage of this card is the fact it offers a low 1.5% balance transfer fee if your move your balances over within 60 days. Transactions made after 60 days from the account opening date will be charged the standard balance transfer fee of 2.89%. You can choose what colour you would like your card to be from either pink, red, black or silver.
	Representative Example: If you spend £1,200 at a purchase interest rate of 16.8% (variable) your Representative APR will be 16.8% (variable).
www.barclaycard.co.uk	Barclaycard Platinum Balance Transfer Card with Low Fee	0% 17 months 1.6% fee	Music	18.9% APR	Read review
	2% fee, refund reduces this to 1.6% Instant online decision is available Pay for items up to £15 with Contactless No transfers from other Barclaycards 0% interest on balance transfers for 17 months with a low transfer fee of just 1.6%. New customers who transfer a balance within the first 60 days of account opening will receive a partial refund of the balance transfer fee, reducing the fee to 1.6%. The refund will be credited to your account within 28 days from the date your balance transfer is processed. The interest rate charged on balance transfers after the introductory period will be 18.9% APR. In order to transfer a balance at the introductory rate this must be undertaken within the first 60 days of account opening. You will have access to Barclaycard Unwind which gives you exclusive access to intimate gigs, exclusive content and music news, exclusive tickets and Unwind at Wembley Arena where you can enjoy advanced ticketing for shows and even be a VIP guest in the Wembley Unwind lounge. Receive up to 56 days interest free on new purchases if you pay your statement in full and on time every month. The minimum repayment on this card is the highest of: 1. 2.25% of the amount you owe on your monthly statement; 2. £5 (or the entire amount if less than £5); 3. any interest, account fees and default charges that have been added to your account since your last statement plus 1% of the remaining balance. This card from Barclaycard offers an introductory rate of 0% on balance transfers for the first 17 months from the date the account is opened, as well as three months at 0% on purchases. There are longer 0% periods for both balance transfers and purchases available in the market but the benefit of this card is the low discounted transfer fee of only 1.6%. New customers who transfer a balance within the first 60 days of account opening will receive a partial refund of the balance transfer fee, reducing the fee to 1.6%. The refund will be credited to your account within 28 days from the date your balance transfer is processed. This card will suit you if you want to pay less upfront to transfer your balance and can afford to pay off the balance within 17 months, as any balance remaining will then be charged at an annual percentage rate (APR) of 18.9%. A perk of the card is that it includes contactless payment technology. This means you can use it to make payments quickly when you are making a purchase of £15 or under wherever you see the ‘wave' symbol. You need to have an income of at least £20,000 and be aged 21 or over to apply for this card. You cannot transfer a balance from another Barclaycard.
	Representative Example: If you spend £1,200 at a purchase interest rate of 18.9% (variable) your Representative APR will be 18.9% (variable).
www.virginmoney.com	Virgin All Round Credit Card	0% 16 months 1.99% fee	Rewards	15.8% APR	Read review
	Only 1.99% BT fee on balance transfers Instant online decision available Exclusive Virgin discount scheme No transfers from MBNA or Virgin cards 16.6% APR on transferred balances 16 months 0% interest on balance transfers, 6 months 0% on purchases and a range of additional discounts on other Virgin products. The main feature of this card is the low 1.99% balance transfer fee if you move your balances over within 60 days. Transactions made after 60 days from the account opening date will be charged the standard balance transfer fee of 2.89%. You will need a good credit rating and to be over 18 years of age however there is no minimum income requirement. Instant online decision is available however you will not be able to transfer a balance from any other cards in the MBNA stable. Once the 0% period ends you will be charged an annual percentage rate (APR) of 16.6% on the transferred balance. Discounts on Virgin products - 30% off balloon flights plus free champagne & chocolates, up to 20% off experiences, 5% off holidays plus no credit card fee (usually 2.5%), 10% off at Virgin Wines and VIE at home and 1 month free for new members at Virgin Active. Receive up to 50 days interest free on new purchases if you pay your statement in full and on time every month. The minimum repayment on this card is: • the balance on your statement if it is £25 or less; or • the greater of £25 or 1% of the balance on your statement before any default charges, card fees and interest (to which an amount equal to the default charges, card fees and interest will then be added). Plus the amount of any arrears, which are repayable immediately. The Virgin 16/6 card offers an introductory rate of 0% on balance transfers and money transfers for the first 16 months from the date the account is opened, as well as six months at 0% on purchases. This card is therefore likely to suit those who have debts they want to move from an existing card, but who also want to use it for spending too. After the introductory periods end, the Virgin 16/6 card has a representative annual percentage rate (APR) of 15.8% variable. As there are different length 0% introductory periods on balance transfers and purchases, you’ll need to make a note of when each period ends and clear your debts before then so that you don’t end up paying interest. The main advantage of this card is the fact it offers a low 1.99% balance transfer fee if your move your balances over within 60 days. Transactions made after 60 days from the account opening date will be charged the standard balance transfer fee of 2.89%. You can choose what colour you would like your card to be from either pink, red, black or silver.
	Representative Example: If you spend £1,200 at a purchase interest rate of 15.8% (variable) your Representative APR will be 15.8% (variable).

What is a no balance transfer fee credit card?

Let’s say you have run up a debt on a credit card – and let’s say the interest rate on the card is high. If you switch the debt to a balance transfer credit card that charges a lower rate of interest, you can save money.

Some balance transfer credit cards charge zero interest, often for more than 12 months. So you can effectively borrow money for free. But many of the 0% cards charge a balance transfer fee of between 2.5% and 3%. In other words, if you transfer a debt of £2,500, you could be stung for a fee of up to £75.

Canny customers can avoid the fee if they choose a no balance transfer fee credit card. There is no charge to shift your debt, and you can still enjoy a lower rate of interest.

Many of the no balance transfer fee cards charge 0% interest for a short period, say six months, or you might pay a low lifetime rate. Either way, you can still get a good deal and save money on your borrowings.

Should I take out a no balance transfer fee card?

The cards don’t suit everyone: it depends on the size of your debt and how you manage your money.

A card that charges no balance transfer fee and zero interest for a short period works best if you can pay off your debt within the 0% term. So, if you have an outstanding balance of £2,500 you should aim to pay about £420 a month to clear the debt within a six month deal. It’s a good idea to set up a direct debt to make sure you meet your target.

If you won’t be able to clear your debt during the 0% period – and don’t want to switch your card again when the 0% deal expires - you might be better with a no balance transfer fee card that charges a low lifetime rate of interest. You won’t get the benefit of a zero interest rate, but you will pay a lower rate of interest than on a standard credit card.

The bigger the debt you transfer to a no balance transfer fee card, the bigger the savings. For example, if you have an outstanding balance of £500, you would save just £15 in fees and might prefer to find a card that charges a balance transfer fee but offers a longer 0% period.

It’s quick and easy to compare credit cards with MoneySupermarket’s free independent service. We can help you find the best deal on your card – and save money.

What are the benefits of no balance transfer fee cards?

You can make sizeable savings with a no balance transfer fee card. For example, if you switch a debt of £6,000 to a card that charges a balance transfer fee of 3%, it would cost £180. Choose a no balance transfer fee card and you would pay nothing.

You would also pay a lower rate of interest on your debt than on your previous card. In some cases, you might even pay no interest for an introductory period. If you choose a card with a low lifetime rate, you will also be spared the shock of a sudden rise in interest rates when the introductory period ends.

Are there any disadvantages?

Cards that do not charge a balance transfer fee do not generally offer lengthy 0% deals. If you are lucky, you might find a card that charges zero interest for six months. Or you can pick a card that charges a low rate for the lifetime of the deal.

What are the alternatives?

If you won’t be able to clear your debt within the introductory interest-free period, you might be better off choosing a card that charges a balance transfer fee, but which offers a longer 0% deal. Otherwise the amount you pay in interest could soon cancel out any savings on the transfer fee.

Glossary of terms

APR

This stands for Annual Percentage Rate. Any firm that lends money is required by law to quote the APR. Introductory rates do not include arrangement fees you may be charged and also don’t reflect any higher rate of interest that your borrowings will ultimately revert to. The APR takes into account the interest on a loan plus and additional charges making it easier for you to compare products. In general, the lower the APR the better the deal.

Balance Transfer

Balance transfer rates are applied to existing card debt that is being moved from one issuer to another or a consolidation of other debts. These rates tend to be lower than standard rates and apply to the debt transferred or consolidated for a specified term or until it is repaid in full.

Credit Card

Credit cards are a form of borrowing used to purchase goods and services, to obtain cash advances and for consolidating debt.

Direct Debit

This allows an organisation to take money directly from a persons bank account

Minimum payment

The amount you must pay each month to keep your account in order

Interest-free period

The time between when you buy something on the card and the date when you must pay your monthly bill. This can be 50 days or more and is interest-free. So if you settle your bill in full every month, it's free borrowing.

Promotional Rate

A rate that is applied to your account until a given expiry date. Thereafter it will revert to the rate applicable to your account at that time.

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†Card saving based on best 0% product vs. the market average, based on average Balance transfer of £2046, minimum repayment of 2.5% over 12 months, February 2012

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What is a no balance transfer fee credit card?

Should I take out a no balance transfer fee card?

Are there any disadvantages?

What are the alternatives?

Glossary of terms

APR

Balance Transfer

Credit Card

Direct Debit

Minimum payment

Interest-free period

Promotional Rate

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What is a no balance transfer fee credit card?

Should I take out a no balance transfer fee card?

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What are the alternatives?

Glossary of terms

APR

Balance Transfer

Credit Card

Direct Debit

Minimum payment

Interest-free period

Promotional Rate

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