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Balance transfer credit cards

Super save £329* with a balance transfer credit card 

  • Transfer your balance and pay no interest for up to 30 months

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4.4 out of 5 5,382 reviews

MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.

Compare balance transfer offers from over 20 providers1

MoneySuperMarket works with household-name credit card providers to help you find the best deals on the market. These include: 

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1Accurate as of July 2023

*Annual saving based on 51% of customers transferring £2,000 from a 23% card, with a 5% monthly repayment (May  23). Representative example: transferring £2,000, 2.98% balance transfer fee, 0% over 30 months then 22.9% (variable). Representative 22.9% APR. Credit broker not lender. 18+. Subject to status.

What is a balance transfer card?

A balance transfer credit card allows you to transfer the balance from existing credit cards to a new credit card account.  

Transferring your balance helps you get on top of your debt because you can stop paying a high interest rate on an existing credit card and instead pay a low or 0% rate on your new balance transfer card.  

Be aware that you will usually have to pay a fee of up to 3% of the balance you wish to move. You should also look to pay off the balance before the 0% or low interest period runs out. 

man with credit card

Why is it a good time to get a balance transfer card?

Rising interest rates mean the cost of borrowing goes up. This includes credit card repayments if you don’t clear your balance on time and in full every month. That’s why if you have credit card debt now could be the ideal time to get a low or 0% balance transfer card. 

  • Clear debt faster 

    A low rate or 0% deal allows you to repay more of what you owe rather than covering high interest rate charges. This will help you pay off your debt faster - ideally before the end of the 0% introductory period 

  • Save money 

    While you’re likely to face a one-off balance transfer fee for moving your debt to the balance transfer card, you can weigh this up against what you’ll save in interest repayments – often resulting in big savings 

  • Improve your financial position 

    By consolidating and clearing your debt you will help improve your credit score, which in turn helps when applying for financial products such as mortgages, loans and credit cards in the future 

What is the best way to use a balance transfer card?

A balance transfer card can be a great way of clearing credit card debt if used properly. Here’s how

  • Transfer the balance asap

    The 0% interest rate usually starts when the card is issued, so don’t waste time in transferring the balance from your old card or you’ll continue to pay more than you need to

  • Make the minimum repayment

    If you don’t make at least the minimum payment on time each month, your debt level won’t just stay high but you might get a penalty fee or even lose your 0% rate

  • Avoid spending on the card

    A balance transfer card is great for paying off debt, but usually charges a high interest rate for purchases. If you need to carry on spending, consider a combined balance transfer and purchase credit card instead

  • Clear your debt before the 0% ends

    Make sure you’ve paid off your debt by the time the 0% period ends or have it transferred to a new balance transfer card. Otherwise, you’ll be moved onto the provider’s higher standard rate of interest 

Will I pay a balance transfer fee?  

You will often have to pay a one-off fee to secure a 0% interest deal on a balance transfer card, which is typically between 1% and 3.99%, depending on eligibility*. However, no-fee balance transfer cards may also be available offering a shorter 0% interest period or a low-interest rate on your outstanding balance.

To decide which balance transfer card is right for you, weigh up the size of the fee and the length of the 0% interest period against the amount of interest you will have to pay on a no-fee card. The card provider’s view of your credit status will also determine which deals you are offered.  

*Accurate as of July 2023

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What are the pros and cons of balance transfer cards?

There are advantages and disadvantages to having balance transfer cards, such as:

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    • Allows you to clear your debt faster  

    • 0% introductory deals could mean you don’t have to pay any interest at all 

    • Straightforward process to complete the balance transfer

  • Cross


    • You usually have to pay a small percentage as a transfer fee 

    • The low, or 0%, interest rate will jump up after the introductory period 

    • You might be charged high interest rates if you use your new card for purchases

What are the different types of balance transfer card?

You have a choice of cards depending on whether you want to pay 0% interest for as long as possible, avoid balance transfer fees, or carry on using the card to spend.

  • 0% interest

    Consolidate existing card debts onto a new card with the longest interest-free period possible. You’re likely to be charged a one-off fee 

  • No-fee balance transfer

    Transfer what you to owe on other credit cards to one low interest no-fee balance transfer card to cut your debt repayments 

How to choose the best balance transfer card deal

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    What’s the goal?

    Do you need to pay off debt, will you still need a card for new spending? Think about what you’ll need the card to do

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    Find the longest 0% period

    Work out how long it’ll take to pay off your debts. For large debts a longer interest-free balance transfer period could suit even if there is a big fee

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    Check whether you’re eligible

    Your credit score will affect the card deal you’re offered. Check your credit file for free with Credit Monitor and learn how to boost your chance of getting a great deal

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    Look for lowest transfer fee

    Check the balance transfer charge and any other charges. If you can’t pay off the debt within the interest-free term, you may need to switch again with another fee

Can I get a balance transfer card with bad credit?

You may still be able to get a balance transfer card even if you’ve struggled with debt in the past and have a low credit score. Here are some things to consider:

  • Specialist credit card providers can cater for those with bad credit

  • Expect interest rates to be higher than for standard card deals

  • Interest-free periods and credit limits may not be as good

We can help you find a card to suit your needs without further harming your credit score. You can check your eligibility with a ‘soft search’ and see your chances of being accepted. See ways to boost your credit score.


Representative 34.9% APR

Kate Hughes

Our expert says


Balance transfer credit cards can be a great tool for managing and, crucially, paying down debt without interest charges eroding your best efforts. But you’re only quids in if the transfer fee is less than the interest you’d pay if you stayed put. It usually does, as long as you can resist the temptation to slide new purchases onto the card at the same time. Don’t do it. Putting new purchases on a card designed for balance transfers gets expensive fast!

- Kate Hughes, Money & Savings Expert

Why compare balance transfer cards with MoneySuperMarket?

  • We compare leading providers

    We’ll track down the balance transfer cards best suited to your needs, comparing key features such as balance transfer fees, interest rates and incentives.

  • Comparing won’t harm your credit score

    We’ll only carry out a soft search on your finances when you’re comparing. That means no mark will be left on your credit file.

  • We're highly rated

    Our credit cards service is highly rated. We currently have a 4.4/5 star rating on Feefo - our customers praise the ease of using our site and our great deals.

We're 100% independent, working only for our customers

Unlike some of our competitors, MoneySuperMarket is not owned by an insurance company. So we can offer the best value, with savings delivered straight to you.

By combining independence with our excellent technology, we can negotiate the best prices and the best value on products and services.

of our customers would buy again
based on 5,382 reviews

Pros: Found a good balance transfer deal, accurate info and so easy to complete
Pros: Explained all I needed to know about the product Cons: Nothing negative
Pros: Easy to use, finds you a credit card and tells you if you’re eligible. Cons: No

See whether you’re eligible with MoneySuperMarket

Applying for a credit card can sometimes feel daunting, especially if you have a low credit score, because it’s not always clear what deal you’ll get, or if you’ll be accepted. If you’re pre-approved for a credit card you can relax, because you know the deal you see is the deal you’ll get. You’ll know where you stand, with the facts at your fingertips to help you make the right choice for you.

  • Apply with confidence

    When you’re pre-approved, the interest rate, interest-free period and fee (if there is one) are all confirmed. The only thing not guaranteed is your credit limit

  • Tailored to you

    You’ll see your personalised chance of approval for all balance transfer credit cards, so you can easily compare your options

  • You’re in safe hands

    Our soft search shows you your chances of approval. This helps protect your credit score as you’re less likely to be rejected when you apply

How to compare balance transfer cards with MoneySuperMarket

If you feel that a balance transfer credit card could be right for you, the next step is to use the MoneySuperMarket Eligibility Checker to see what cards are available – and your chances of being approved. 

  • Tell us about yourself

    We’ll ask you a handful of simple questions about you and your financial circumstances, and what you need from a credit card

  • We browse the market

    We’ll sift through dozens of credit card offers from across the market, and then show you the most suitable deals 

  • Pick the card you want

    You’ll be shown a range of credit cards, which you’ll then be able to sort according to 0% interest periods, interest rates and your chances of being approved

Making any new credit application - including for a balance transfer credit card - can cause an initial drop in your credit score. However, as with any kind of credit product, if you make your repayments on time your score should eventually start climbing again.

If you’re in any doubt over how your credit rating has been affected you can check and monitor your credit score with our free tool


Balance transfer cards work as follows:  

  • Find a new card. Compare balance transfer cards to find the best deal – ideally a card that gives you enough time to pay off your debt at 0% interest. Factor in any fees. 

  • Transfer the debt. Give your new card provider details of your transfer. It usually takes 1-2 days. You can’t usually transfer debt between cards from the same provider. 

  • Record when the 0% interest period ends. Make a note of when the interest-free period ends and spread your payments to make sure you’ve cleared your debt or get ready to switch again. 

  • Stick to the terms of the deal. Start paying off what you owe, making sure you stick to the terms. Missing a payment could mean a charge and the interest-free period being cancelled.  


When you get your new credit card, you should destroy any old ones you have – even though they may be expired or the account may be closed, an identity thief can still use the information on the card.

You should be able to transfer any existing credit card balances on to your new credit card. But it isn’t usually possible to transfer a card balance between two cards issued by the same bank or banking group. 

Most providers will let you transfer balances between £100 and £10,000 to a new card – at most, around 90% of your current credit limit.

Balance transfer fees are generally given as a percentage of the overall amount you’re transferring – this will usually be between 1% and 3%, but could range anywhere from 0.5% to 5% of the total sum.

Some balance transfer deals may be fee-free, but typically they will have shorter 0% interest periods. If you shop around, you can also find cards with no annual fee to pay for maintaining the card.

If you have a balance on one or more credit cards that you can’t repay in full and you’re paying a high interest rate, then a balance transfer card could be right for you.

By taking out a 0% or low interest balance transfer card, you can shift the balance from the old card and pay down the debt faster. First check how much you will need to pay in fees. It’s usually between 1% and 3% of the transferred balance.

If you want to continue making purchases on your credit card, it might be better to apply for a combined purchase and balance transfer card instead.

There are no limits on how many times you can transfer a credit card balance from lender to lender. But remember your credit score can be negatively affected when you apply for credit, so if you make a lot of applications in a short space of time this could impact on your ability to get the best balance transfer deals.  

An online balance transfer to a new card can usually be done within a few days. But transfer times will vary between providers due to their different procedures. In some cases it could take a couple of weeks.

There are lots of reasons why transferring credit card balances is a shrewd move. But it's only worthwhile if it helps you pay off your debt faster during the interest-free period, so you pay less overall – and provided you’ll still be saving money after any balance transfer fee is paid. 

If you need a credit card to continue spending, there are likely to be better alternative options. 

When weighing up whether a balance transfer card is right for you, we recommend you...

  • Ensure the savings in interest you'll make outweigh the transfer fee

  • Are aware that the interest rate will rise steeply after the 0% period

  • Bear in mind that late or missed payments mean you could lose your 0% deal

  • Remember that you can't usually transfer balances between cards from the same provider 

As a general rule, you'll need a high credit rating to be eligible for a balance transfer card. According to credit rating agency Experian, applicants with an impaired rating or a score of 669 or lower are unlikely to be accepted.

Divide the amount you transfer by the number of months your interest-free deal lasts for. The result is the amount you need to pay each month to clear the debt.

If you do not clear the balance by the end of the 0% period, you will be charged interest on what you owe.

You will have to make at least a minimum payment each month.

If you know you’re not going to clear the balance within the 0% period, you could consider transferring to another card with an interest-free period.

Avoid exceeding your credit limit or you’ll face penalties such as losing your interest-free deal.

Make the necessary payments to the card or cards you move the balance from, especially if you do not clear the balance completely.

If you do not clear the balance by the end of the interest-free period, transfer that sum to another 0% balance transfer card.

You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

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