Balance transfer credit cards

Don't pay interest on your credit card balance

Compare balance transfer quotes

  • See which balance transfer card you're likely to get

  • Enjoy interest-free repayments for up to 29 months

  • Searching will not damage your credit score

Find a card

Great option for shifting debt

0% interest for 25 months on balance transfers, plus £25 cashback

Only available through MoneySuperMarket or MoneySavingExpert

  • 0% for 25 months on balance transfers made in the first 90 days, 19.9% p.a. (variable) after the interest-free period. 2.85% fee, minimum £5.
  • Available to new M&S cardholders only. Offer ends 19 March 2021.
  • To get the cashback, make a balance transfer or spend of over £100 within 90 days of account opening. £25 will be credited to the card account within 30 days.

Representative example: If you spend £1,200 at a purchase rate 19.9% (variable) p.a. your representative APR is 19.9% APR (variable)

See if i'm eligible

Exclusive £25 cashback offer with this M&S credit card

Compare balance transfer credit cards

Compare deals for balance transfer credit cards with MoneySuperMarket. Consolidate your debts into one monthly payment with no interest, and pay off your debts quicker.

MoneySuperMarket is a credit broker - this means that we'll show you products offered by lenders. You must be 18 or over and a UK resident.


What is a balance transfer credit card?

A balance transfer credit card lets you move your existing balance from one or more credit cards onto a new card – often with a low or 0% interest rate for a set period.


How do balance transfers work?

When you take out a balance transfer card, you’ll be able to transfer a balance from another card (or cards). There is normally a fee to transfer, but most cards have introductory offers that let you pay low or no interest for a set period. This could reduce the amount you repay in total, helping you clear the balance off quicker.


What happens when the 0% offer ends?

When the interest-free period comes to an end, interest will be charged on any remaining balance, so it is important to clear the outstanding balance within the interest-free period if possible.

What are the pros and cons of balance transfer credit cards?

A balance transfer card can be a good way to manage your existing debt, but there are some things you should be aware of before you
apply – here are the pros and cons:


You can save money on interest payments


You can consolidate several card balances


You can pay off your debt quicker


You might have to pay a fee to transfer your balance


You’ll need to pay a minimum amount each month 


If you miss a payment or make it late you may lose your 0% interest

When should I transfer my balance?

A balance transfer credit card could be a good option for you if:

You’re currently on a high
interest rate

Your existing credit card
charges high fees

You have multiple open
credit accounts

However a balance transfer card might not be worthwhile if it won’t let you pay your debt off quicker.

See the cards you're most likely to get

Our clever Eligibility Checker shows you the credit cards you're most likely to be accepted for, so you can protect your credit rating by only applying for the cards that are right for you.

Accurate results

We use a range of factors to rate
how likely you are to be approved
for each card out of 10

Apply with confidence

We'll show you your eligibility
before you apply, so you can be
confident you won’t be turned down

See your guaranteed cards

You’ll see which cards you’re
guaranteed to get so you won’t
have any nasty surprises down the line

Find a card

Do balance transfer credit cards impact your credit rating?

There are a number of factors that affect your credit score, including the number of credit applications you’ve made, your employment status and whether you’re on the electoral register.

As such, making a new credit application – even 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.

How do i find the best balance transfer credit cards?

When you compare balance transfer credit cards, pay attention to the following factors to help you decide which card to take out:

  • Your 0% interest period: This is the length of time you won’t pay any interest on your balance
  • The standard APR after this period: This is the rate you’ll be put on once the introductory 0% interest period ends
  • Any fees you’ll need to pay: There may be a fee for transferring your balance over as well as a monthly or annual usage fee

What should i do with my old credit card?

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.

Can I transfer a balance from a different provider?

You should be able to transfer any existing credit card balances on to your new credit card.

How much can I transfer to a new credit card?

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.

What fees are involved in balance transfer credit cards?

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.

Work out a payment schedule

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. You must always pay the minimum monthly amount as set by your card provider otherwise you will be hit with late fees and interest.

Try to repay the debt during the balance transfer period

If you do not clear your card balance by the end of the 0% period, you will be charged interest on what you owe. Sometimes this interest rate can be relatively high.

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

Do not be tempted to spend using your 0% balance transfer card

 The majority of 0% balance transfer cards apply a much higher interest rate on any new spending using the card – so it is best to avoid this if you can.

For example, a balance transfer card might charge zero per cent interest for 24 months on balance transfers but a standard rate of 18% on purchases. Or it might charge 0% on purchases, but only for six months. Make sure you know how your card works for different types of debt.

If you know you will still need to use a credit card to make purchases it could make sense to have a different card for this.

Stick to your limit

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

Manage your old cards

Don’t forget about any debt you might have on old cards. Sometimes it may not be possible to switch the whole balance across to the new 0% card so you must remember to make the necessary monthly repayments on your old cards until the debt is cleared in full.

Transfer again if necessary

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

Can't find what you're looking for? Try looking at our news, views and in-depth credit cards guides


Credit card companies

Get Money Calm

MoneySuperMarket gives you lots of clever ways to save a lot, by doing very little.

  • Take control of your credit score by checking and improving it for free with Credit Monitor 
  • Never overpay again with Energy Monitor, our energy monitoring service 
  • Over 50 ways to Get Money Calm

So how do we make our money? In a nutshell, when you use us to buy a product, we get a reward from the company you’re buying from.

But you might have other questions. Do we provide access to all the companies operating in a given market? Do we have commercial relationships or ownership ties that might make us feature one company above another?

We commit to providing you with clear and informative answers on all points such as this, so we have gathered the relevant information on this page.