Credit card price war...
The longest 0% balance transfer since 2018! Shift existing debt to interest-free for up to 38mths (ie April 2029) or 20mths for poorer credit scorers
If you can't afford to clear your card debt, you can't afford not to check this out!
The Bank of England cut its base rate in December, and with another one predicted next month, this is filtering through to the credit card balance transfer market. In the last week alone, we've seen the new top balance transfer cards both cut their balance transfer fees and shift from 'up to' deals to 'definite' ones - so all accepted customers get the full rate.
There are also a range of top balance transfers for poorer credit scorers. So it's a perfect time to check what you can get...
What is a 0% balance transfer? It's where you get a special new credit card that pays off debt on your existing cards, so you owe it instead, but interest-free. This means more of your repayments reduce the actual debt, rather than just cover the interest charge - getting you debt-free quicker (just don't borrow more). Three key tips...
- Apply via the eligibility calc to find which cards will accept you. It shows which cards you're most likely to get, minimising applications to protect your credit score.
- Get the lowest fee within a 0% period long enough to clear the debt. Longer balance transfers usually have a bigger one-off fee, so if you can go shorter it's cheaper. Unsure? Play safe & go long.
- Usually rejected when you apply? MSE's free Credit Club (available via the MSE App on Apple | Android) can analyse the problem. Plus you can also access our eligibility calc there.
Top 0% new customer balance transfer deals
Links via our eligibility calc to see if you'll be accepted (except TSB)
|
|
LONGEST 0% cards with a DEFINITE 0% period. In other words, with these if you're accepted you always get the full 0%.
|
- Improved. Barclaycard 36mths 0% (3.15% fee). 24.9% rep APR after 0% ends (The fee has been cut from 3.45%).
- Improved. Tesco 36mths 0% (3.45% fee) 24.9% rep APR after. (This was an 'up to' 0%, now it's a definite).
- Virgin 35mths 0% (2.95% fee) 24.9% rep APR after.
- HSBC 35mths 0% (3.19% fee). 24.9% rep APR after.
|
|
LONGER 0% card, but these are 'up to' deals. Here some accepted customers get a shorter 'backup' 0% deal. With MBNA & Lloyds, our eligibility calc (links go via it) will show if you'll get the full 0% or not before applying.
|
- TSB 'up to' 38mths 0% (3.49% fee). 24.9% rep APR after. Backup rates: 35mths and 32mths 0% (both 3.49% fee), with higher rep APRs after too at 28.9% and 30.9%. It's not available via our eligibility calc so link is direct.
- MBNA 'up to' 36mths 0% (3.29% fee). 24.9% rep APR after. The eligibility calc<
|
