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No-fee balance transfer cards


  •  Pay zero fees when you transfer your balance and clear your debt faster

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What is a balance transfer fee? 

Your balance transfer fee is what you’re charged when you move an outstanding credit card balance to a different card. The fee is calculated as a percentage of the balance you’re transferring across.  

credit card

What is a no-fee balance transfer credit card?

A no-fee balance transfer credit card lets you transfer debt from an existing credit card to a new credit card without paying a transfer fee. This type of card often offers 0% interest on your outstanding balance for a time, typically between six months and two years, giving you some breathing room to get on top of your debts. 


How does a balance transfer card with no fee work?

No-fee and low-fee balance transfer cards allow you to move existing card balances to a lower or 0% interest rate credit card with no fee. Transferring a balance is quick and simple.

  • Choose balances to transfer

    Once you’ve got your new credit card, log into your account and select which debts you want to transfer.

  • The transfer is automatic

    Your new provider will submit a transfer request to your existing credit card providers on your behalf.

  • Pay it off at a lower APR

    Once the balance transfer goes through, you’ll have a period when your debt is at a low or 0% interest. 

What are the pros and cons of no-fee balance transfer cards?

Low-fee and no-fee balance transfer cards can be helpful, but they don’t suit every credit card user. Here are the main advantages and disadvantages: 

  • Tick


    • Avoid fees for transferring your debts

    • Consolidate and pay-off other expensive credit cards

    • A great way to reduce monthly repayments

  • Cross


    • Typically you’ll pay higher interest on any new purchases

    • Can’t transfer between cards from the same lender

    • The interest rate (APR) will rise sharply once the 0% period ends

How to choose the best no-fee balance transfer card

It’s important to get the best no-fee balance transfer card for your needs. Here's a whistlestop guide to the key things to look out for…

  • Transfer period

    The longer the period when you’re paying 0% interest or a reduced rate, the more time you’ve got to clear your debts and take control of your finances

  • Rate after introductory period

    How much does the APR jump after the introductory period? Will you be able to afford it, if you’ve failed to clear your debts by that time?

  • Sweeteners

    No-fee credit cards sometimes offer cashback at high-street shops, or free subscriptions to streaming services. So keep an eye out for incentives.

  • Qualifying conditions

    You’ll need a good credit score to get the best deals. You may also need to be earning above a certain income to qualify for some no-fee balance transfer cards.

Can I get a no-fee balance transfer card with bad credit?

You may be able to get a no-fee balance transfer card if you have a low credit score. But the best deals are usually only available to customers with an excellent credit rating.

You might find you face higher interest rates for borrowing and a lower credit limit if you have bad credit. The good news is there are some simple ways you can improve your credit score.


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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
Rebecca Goodman

Our expert says


Balance transfer cards can be a real win if you’re looking to pay off expensive debts at a lower interest rate. You get to move the debt over to the new card and then pay no (or very little) interest for a set time period. That means you can use the money you were spending on interest to focus on paying off the debt. Some of these cards have a transfer fee, of up to 3% of the amount transferred, but if you can find one with no fee it’s a win win.

- Rebecca Goodman, Financial journalist

Why compare no-fee balance transfer cards with MoneySuperMarket?

  • It's quick and easy

    It’s straightforward to compare no-fee credit cards with us. We’ll show you all the important information, including 0% interest periods and incentives

  • See your chances of being accepted

    We’ll run a soft search to show you your chance of getting each no-fee credit card, including any you’ve been pre-approved for

  • 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.

With a pre-approved card, the deal you see is the deal you get 

When you apply for a credit card, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a credit card, you know the deal you see is the deal you’ll get – you know where you stand, with information that will help you make the right choice.

  • 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 credit cards, so you can easily compare your options.

  • You’re in safe hands

    This helps protect your credit score as you’re less like to be rejected when you apply.

How to compare no-fee balance transfer cards with MoneySuperMarket

If you feel that a no-fee 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 which you’re most likely to be approved for.

  • 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 cards offers from across the market, and show you the cards we think will suit you best.

  • Pick the right card for you

    You'll be shown a range of credit cards, which you'll be able to sort according to APR, features and your chances of being approved.

While you can use zero-fee balance transfer cards for making purchases their main use is to transfer balances from other credit cards. Usually this means moving debts from a card which charges a high rate of interest to one with much lower interest – and sometimes with 0% interest.

You can also use your card for money transfers. With a money transfer you can move some of your available credit to your current account – for example to pay off an expensive overdraft, or to use in cash. But you will usually have to pay a fee for this.

Most balance transfer credit cards have a limited window for transferring credit card balances and after that time you won’t be able to transfer any more to that particular card.

The credit limit you’re offered – how much money you can borrow on a particular credit card – will depend on two things: the type of card and your credit score. As a general rule, the better or higher your credit score the higher your credit limit will be and the lower your interest rate or APR.

While it’s possible to transfer credit card balances several times, it’s best to transfer your balances as infrequently as possible. Applying for multiple cards means multiple ‘hard’ credit searches, which can leave a mark on your credit file and lower your credit score for a time.

You can usually consolidate multiple credit card balances onto one new balance transfer credit card – so you’ll end up with one single monthly repayment, but you will be limited by the credit limit on your new card. 

You have a choice whether you close the credit cards after consolidating the debt. It may be a good idea to avoid the temptation of impulse buying and getting into more debt. But you may also want to keep the existing card for emergency purchases because balance transfer cards often charge high interest rates if used for spending.

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.

Balance transfer and money transfer cards work in a similar way – helping you move expensive debts onto a cheaper and more manageable rate or 0% APR interest for a time. The difference is that they’re used for different types of debts. A balance transfer card lets you move debt onto it from another credit card or cards, while a money transfer card lets you move debt from your bank account instead – typically to pay off an overdraft. 

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.

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

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