Balance Transfer Credit Cards

Compare Balance Transfer Offers

	Card	The Offer
	American Express Platinum Cashback	A premium status credit card offering cash back rewards for use. 5% cashback in first 3 months up to £100. Up to 1.25% after that, with no limit on how much you earn - or how you spend it. 0% interest on purchases for the first 6 months. No annual fee.
	Egg Card	0% interest until 1 April 2012 on balances transferred before 1 May 2011 (3% fee applies). New customers only.
	Halifax One Card
	HSBC Credit Card
	Virgin Atlantic

About Balance Transfers

What to look out for
Different credit card companies offer different schemes and promotions. When making an application for a credit card, look at the conditions placed on balance transfers. Some offer 0% interest on balance transfers over 6 months, for example, whilst others offer discounted rates on the life on the balance transfer (ie. until you pay off the amount you transferred).

As and when the offer expires or your balance transfer is paid off, you should be aware of the typical APR on the credit card. When applying for a credit card, make sure that you know when the special offer comes to an end and that you understand the normal terms and charges that will apply afterwards.

Many credit card providers offer a reduced rate of interest on balance transfers. If you want to reduce the cost of debt, it is possible to move your balance from one credit card company to another with a better rate. Be aware of upfront balance transfer fees though. This will increase the balance as you transfer it - you will need to make sure that interest saved over the discounted period will more than make up for the transfer fee.