How much could I save with a balance transfer card?
Credit Card Calculator
See how much it will cost to pay off your credit card, and how long will it take
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This rate of interest determines how much it costs for you to borrow on the credit card.
You should be able to find it on your statement, usually in a summary box on the back. Unless you have changed cards recently, it's likely to be between about 14.9% and 29.9%.
If you can't find it, get in touch with your card provider - they will be able to tell you simply and quickly.
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You'll need to repay more each month to pay off the card within the next 20 years
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Save money with a balance transfer credit card
Switching to a 0% balance transfer card could save you £200. Play with the filters below to match your circumstance and find out how much you can save.
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* If you do not pay off your balance within the promotional period, you will then be charged interest. For calculation purposes, we've used the interest rate you entered above.
The best cards have longer interest-free periods to repay your transferred balance. Use our eligibility checker to find out your personalised chance of approval and view our full list of balance transfer credit cards.
Earn up to 15% cashback automatically when you spend at a range of participating retailers with Barclaycard Cashback Rewards. Available to all Barclaycard Visa credit card customers. T&Cs apply
Representative example: If you spend £1,200 at a purchase rate of 24.9% (variable) p.a. your representative APR is 24.9% (variable)
Great for
0% interest on balance transfers for 33 months from the date you open your account (3.45% fee applies). Transfers must be made within 60 days to benefit from the 0% offer
Earn up to 15% cashback automatically when you spend at a range of participating retailers with Barclaycard Cashback Rewards. This is a new benefit, available to all Barclaycard Visa credit card customers. T&Cs apply.
But be aware that
You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances
Balance transfers must be made within the first 60 days to get the promotional offer
You can't transfer a balance from another card issued by Barclaycard
Earn up to 15% cashback automatically when you spend at a range of participating retailers with Barclaycard Cashback Rewards. Available to all Barclaycard Visa credit card customers. T&Cs apply
Representative example: If you spend £1,200 at a purchase rate of 31.9% (variable) p.a. your representative APR is 31.9% (variable)
Great for
0% interest on balance transfers for 33 months from the date you open your account (3.45% fee applies). Transfers must be made within 60 days to benefit from the 0% offer
Earn up to 15% cashback automatically when you spend at a range of participating retailers with Barclaycard Cashback Rewards. This is a new benefit, available to all Barclaycard Visa credit card customers. T&Cs apply
But be aware that
Balance transfers must be made within the first 60 days to get the promotional offer
You can't transfer a balance from another card issued by Barclaycard
You must earn at least £20,000 a year to be eligible for this card
This is a selection of our top balance transfer cards, ordered by 0% balance transfer period.
What is a balance transfer credit card?
A balance transfer credit card lets you move your existing credit card balances to a new card with a lower or 0% interest rate. Known as a credit card balance transfer, this can significantly reduce the interest you pay, helping you manage and pay off your debt more efficiently.
Keep in mind that most balance transfer cards require a fee of up to 3.45% of the transferred balance. To make the most of your new card, aim to pay off the balance before the introductory 0% or low-interest period expires.
Last month, MoneySuperMarket customers saved £364[3] on average by moving their existing debt to a balance transfer credit card.
Watch our video to see more details about how a balance transfer card works.
Need more guidance? We've got you covered
Want to find out more about balance transfer cards and how they could help you manage debt? Our specialist guides can give you the knowledge you need.
Getting a balance transfer card could be a savvy move as interest rates are currently high
Balance transfer credit cards can be a great tool for managing and paying down debt without interest charges eroding your best efforts.
These cards usually come with an interest-free period and our top deal has a 0% period of 33[1] months. Just remember, you’ll have to pay a transfer fee – so make sure to read the terms and conditions before applying.
MoneySuperMarket has won the Feefo Platinum Trusted Service Award, an independent seal of excellence, which recognises businesses that consistently deliver a world-class customer experience.
Yes, there is nothing to prevent you from taking out a new 0% balance transfer credit card once the interest free period ends.
If you don’t, be aware that you’ll accrue interest on your existing balance at a higher rate. By moving it to another 0% card or paying the debt off in full, you will save yourself more money in the long term.
You should be able to transfer any 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.
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.
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 taking advantage of balance transfer offers and 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 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 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. Our eligibility checker will show you your chances of being accepted for individual cards when you search.
People generally look to switch to a balance transfer card because they do not have the money to pay off their credit card in full. If you can clear your balance in full, this is nearly always the preferred option because it will save you interest charges.
While balance transfer cards often offer 0% interest deals for a period – meaning you don’t have to clear your balance straight away, you will still face a one-off fee for transferring your debt onto the new card.
Whilst you should aim to make the highest possible monthly payment, if you’re unable to clear your balance before the low or 0% introductory period ends on a balance transfer card, it is time to take action. Consider transferring your debt to a new balance transfer card or compare loan rates to see if you can find a competitive deal.
Because the standard interest rates on balance transfer credit cards can be high once the 0% period ends, it is unlikely that the best move is to do nothing.
When transferring a balance, the credit limit on the new card may differ from your current one. Issuers set this limit based on your creditworthiness and financial profile. It's crucial to check that the new limit covers the amount you wish to transfer. If the credit limit is lower, you may not be able to transfer the entire balance, potentially leaving some debt on the original card.
Balance transfer cards let you move credit card debt to a new card with a lower or 0% introductory APR, helping reduce interest payments and pay off balances faster. Money transfer cards, however, allow you to transfer funds directly into your bank account. This money can be used to pay off various debts, like overdrafts or personal loans, and also typically incur a fee.
In short, balance transfer cards are ideal for credit card debt consolidation, while money transfer cards offer flexibility for managing other types of debt.
We work with a wide range of credit card providers, Most of which offer balance transfer cards, including:
Selected providers. SuperSaveClub restrictions and T&Cs apply. Click here for details.
Annual saving based on 51% of customers transferring £2,080 from a 24.9% (variable) p.a. card, with a 5% monthly repayment (March 2025). BoE and UK Finance.
Representative example: transferring £2,080, 3.45% balance transfer fee, 0% over 32 months then 24.9% (variable) p.a. Representative 24.9% APR. Credit broker not lender. 18+ UK only. Subject to status. Moneysupermarket data correct as of 10th March 2025
