Balance Transfer Credit Cards

Compare Balance Transfer Credit Cards

Which balance transfer credit card providers do we work with?

We compare dozens of the biggest credit card providers in the country, including:

What Are Balance Transfer Credit Cards?

A balance transfer credit card enables you to pay off any existing credit card debt that you have by moving the balance across to the new card. The main benefit is that you can pay the debt off more quickly and also save money, as balance transfer credit cards have lower interest rates and there are often 0% interest rates available.

You can often transfer up to 95% of the debt, helping you clear your debts efficiently and save money.

Balance transfer cards can be an effective way to consolidate your debts into another more affordable repayment and also take a break from your current credit card and higher interest rates. Most people take advantage of the 0% interest rate and if you can pay off your credit bill in full each month, there will not be any fees charged.

For transferring money from your credit card to your bank account, see money transfer credit cards.

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How Do I Find the Right Balance Transfer Credit Card?

Divide the outstanding balance by the amount you are allowed to repay each month. This tells you how many months you will need the product for – and you can try get a 0% interest for this number of months.

Always carefully check the fees of each balance transfer card.

Pick the card with the lowest fees and an 0% balance transfer period so that you can try pay off your debts without paying any interest.

Why Apply for a Balance Transfer Credit Card With Proper Finance?

Approachable

We aim to be as approachable as possible for our customers, and will always do our very best to assist you with any and all queries you may have concerning any part of our application process and more.

Fast decisions

Our online application only takes minutes to complete, with decisions being made very quickly after this. A member of staff will contact you to help you proceed with the final steps.

Reputable and trustworthy

Each and every one of the providers we work with are fully checked to ensure their reputability, their trustworthiness, and furthermore their competency in helping to provide you with the financial services you require.

Free online application

The Proper Finance comparison site is free to use and there are no upfront fees for filling in our online application.

When should I apply?

You should apply for a balance transfer card a minimum of three weeks prior to the balance when the older card needs to be paid in full.

What is the credit limit?

This will be depending on both the provider and your financial circumstances, looking at your credit history and income.

Can I increase the credit limit?

This limit is determined by your provider, and you will need to contact them directly to discuss an increase, which may be granted if they believe you can still afford to make repayments.

What is the transfer limit?

Typically, the provider will allow you to transfer a percentage of the agreed credit limit (up to 95%).

Is my credit score important?

Yes, lenders will use this information to decide whether to approve your application, and if successful, this determines your credit limit and the APR.

What if I can’t make the repayments?

If you miss repayments on your balance transfer card, or make late repayments, it could damage your credit score and affect your ability to get credit in the future.

How long does it take to do a balance transfer?

It can take up to two weeks. You will need to wait to receive the new card and for the balance transfer itself.

How do I repay?

Providers recommend repaying the full amount by the end of the 0% period (usually around 20 months) through a direct debit, so that you avoid paying interest or missing payments.