The best 0% balance transfer credit cards


Updated on 10 August 2017 | 0 Comments

Check out the latest 0% balance transfer deals lasting up to 43 months.

If you’ve run up debts on your credit cards and are looking to clear them in the cheapest way possible, you should consider a 0% balance transfer credit card.

Generally speaking, these are great products. You can move an existing credit card debt to a new card and then not pay any interest on that debt for a long period.

The problem is you will usually have to pay a balance transfer fee upfront. This is a percentage of the debt you’re transferring to your new balance transfer card.

This varies from one provider to the next. Some charge nothing at all, while others charge up to 3.5% of the total debt transferred.

Compare the credit cards with the longest 0% period

0% balance transfer cards with long interest-free periods

Here are the cards with the longest 0% balance transfer offers to see how they stack up. This table is ranked purely on length of offer.

Credit card

0% period on balance transfers

Balance transfer fee

Cost of transferring £2,000 balance

Representative APR after 0% period ends

Santander All in One Credit Card*

43 months

N/A

£0

21.7%

Virgin Money 41-Month Balance Transfer Credit Card

41 months

3%

£60

20.9%

AA Balance Transfer Credit Card

41 months

3.25%

£65

18.95

Post Office Money Balance Transfer Credit Card

41 months

3.25%

£65

18.95

Sainsbury's Bank Nectar 40-Month Balance Transfer Credit Card**

40 months

1.69%

£33.80

18.9%

Virgin Money 40-Month Balance Transfer Credit Card

40 months

1.7%

£34

20.9%

Tesco Bank Clubcard Credit Card for Balance Transfers and Money Transfers

40 months

2.69%

£53.80

18.9%

*Card has a £3 monthly charge

**Only available to Nectar cardholders

Compare the credit cards with the longest 0% period

0% cards with low balance transfer fees

The Santander All in One Credit Card offers 43 months 0% on balance transfers with no fee, but the card attracts a £3 monthly fee, so you will have to pay £36 a year to take advanatge of the deal.

If you’re willing to go for a card with a shorter interest-free period, you can pay a much lower fee or even no fee at all, as the table below shows.

Here are some of the best deals for various 0% periods between 29 and 38 months.

Credit card

0% period on balance transfers

Balance transfer fee

Cost of transferring £2,000 balance

Representative APR after 0% period ends

Halifax 29-Month Balance Transfer Credit Card

29 months

None*

£0

18.9%

Virgin 30-Month Balance Transfer Credit Card

30 months

0.55%

£11

19.9%

Halifax 33-Month Balance Transfer Credit Card

33 months

0.58%

£11.60

18.95%

Barclaycard Platinum 37-Month Balance Transfer Credit Card

37 months

1.4%

£28

18.9%rbishe

Virgin Money 38-Month Balance Transfer Credit Card

38 months

1.5%

£30

20.9%

*You must transfer your balance within first 90 days of account opening to get this offer

Just make sure you weigh up how long you'll need to pay off your debts. It's better to have longer at 0% interest and pay a slightly larger fee than run out of time and end up paying interest if you forget to switch again.

Find out more by reading The best low-fee balance transfer credit cards

Average credit rating

Sadly, some people won’t be able to get any of the cards we’ve highlighted in this article. That’s because the credit card companies are only willing to give these cards to people with good credit ratings.

If you want to improve your credit rating, follow the tips in How to build an excellent credit history.

If you need to borrow right now, have a look at our round up of the best credit cards for people with a poor credit history.

Other options

If you want even longer to get back into the black, you could apply for a personal loan and use the money you’ve borrowed to pay off your credit card debt. Right now, the top personal loans are charging as little as 2.8% in interest.

0% is best

But if you can get one of the top 0% cards, go for one of them. Just make sure you pay off your minimum monthly repayment promptly every time. Otherwise your credit card provider will use your late payment as an excuse to withdraw your 0% deal.

Compare credit cards

This article is regularly updated as credit cards are launched and withdrawn

This article is regularly updated as credit cards are launched and withdrawn

More on credit cards:

The best 0% money transfer credit cards

The best credit cards to use on your travels

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