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Balance Transfer Credit Cards UK

Obviously, the ideal situation is to pay off your credit card balance every month, thereby incurring no interest charges. In reality, or course, this isn't possible for many people and balances can gradually build up. This means that interest charges can build up and up too.

Many people want to pay off these balances as quickly and cheaply as possible. One way to do this is to transfer your balances from existing cards to a new card. Many new cards now offer special introductory interest rates for balance transfers.

Some cards offer 0% or a reduced rate of interest for a fixed amount of time. After that time, if you haven't finished paying off the balance, the interest rate will revert to the card's standard rate for balance transfers.

Other offers have reduced interest rates for balances transferred within a fixed amount of time. These cards usually offer the reduced rate for the life of the balance that has been transferred. If you want to transfer a balance to the card after the promotional period has ended you will pay interest at the standard balance transfer rate.

Please keep an eye out in the terms and conditions of cards for the order in which payments are credited to your account. They will, in most cases, apply payments first to any fees and transferred balances, before payments are made against any purchases you have made. This means that even if you have a 0% interest rate on you balance transfers, if you use the card to make purchases you will be incurring interest on those purchases until the transferred balances are paid in full. You can't pay off your month's purchases and then choose to pay a bit of your existing balance.

0% Balance Transfer Cards

	Balance Transfer Offer	Standard APR	Annual Fee	Application
Cooperative Bank Credit Card	0% p.a. for 6 months	Typical 15.9% APR Variable	None	Details
Virgin Credit Card	0% p.a on balance transfers for 12 months	Typical 15.9% APR Variable	None	Details
GM Card	0% p.a on balance transfers and purchases for 5 months	Typical 14.9% APR Variable	None	Details
MBNA Platinum Plus	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
MBNA Points Card	0% p.a for 9 months	Typical 16.9% APR Variable	None	Details
Sony Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
WWF Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Childline Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Breakthrough Breast Cancer Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
AOL Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Manchester United Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Conran Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Chelsea FC Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Arsenal Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Tottenham FC	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Newcastle United	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Celtic Credit Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Priority Club Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Liverpool FC Credit Card	0% p.a for 9 months	Typical 15.9% APR Variable	None	Details
Egg Card	0% p.a on Balance Transfers for 9 months. 0% p.a. on purchases for 6 months.	Typical 15.9% APR Variable	None	Details

Best Reduced Rate Balance Transfer Cards

	Balance Transfer Offer	Standard APR	Annual Fee	Application
American Express Blue Card	2.9% p.a. for 6 months	Typical 14.9% APR Variable	None	Details
American Express Platinum Card	4.9% p.a. for life of balances transferred in first 6 months	Typical 14.9% APR Variable	None	Details
BMI	1.9% p.a. for 9 months	Typical 15.9% APR Variable	None	Details