29 March 2017 : 


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Balance Transfer Fee Cost Per 0% Month

When comparing 0% transfer deals it can be incredibly difficult to understand whether we are getting the best possible mix of transfer duration, transfer fee and other perks & benefits. Compare balance transfer and low transfer fee credit card products sorted by the cost of the fee to transfer a balance over the duration of the 0% introductory period.



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Product Name Balance Transfer Intro Purchases
Intro
Representative
APR (variable)
Rewards
 
Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
Halifax Credit Card application
Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
Barclaycard Balance Transfer No Fee application
Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.94% p.a. (variable)
Lloyds Bank Platinum 24 Mths application
Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
Bank of Scotland Platinum 24 Months application
Representative Example: Representative 17.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 17.9% p.a. (variable)
Nationwide Credit Card application
Representative Example: Representative 15.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 15.9% p.a. (variable)
Nationwide Select Credit Card application
Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.94% p.a. (variable)
TSB Platinum 28 Month Balance Transfer application
Representative Example: Representative 19.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)
Virgin Money 30 Month Balance Transfer application
Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
Barclaycard Platinum 32 Mths Balance Transfer application
Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
Halifax Low Fee Balance Transfer Offer application
Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.94% p.a. (variable)
Lloyds Bank Platinum 32 Month Balance Transfer application

 

compareandsave.com is a trading name of Freedom Marketing Ltd. Freedom Marketing Ltd is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority, firm reference number 493117.

The offers that appear on this site are from companies from which compareandsave.com receives compensation. compareandsave.com does not include the entire universe of available financial or credit offers.

This table displays the credit cards currently featured on our website, sorted by the cost of per 0% month of the balance transfer fee. Table position does not imply product strength or superiority. Please ensure you have thoroughly investigated all available options before applying for products.

Why Compare Cards by 0% Transfer Fee Cost Per Month?

As the UK credit card market has fractured to offer wider choice to consumers, it has become increasing difficult for individuals to account for all the differing elements that contribute to getting the most suitable product for their needs. Balance transfer products have been incredibly popular for decades and selecting the best one used to be relatively simple. Consumers would simply look for the product with the longest 0% transfer period as the balance transfer fees (aka - admin fee, transfer bt fee etc) were broadly similar.

However, as balance transfer periods have increased to record levels some issuers have realised that not all consumers need 2 ½ years to pay clear their balance and would rather reduce the cost of actually transferring their balance from the outset with a low balance transfer fee credit card.

Low fee cards forfeit introductory balance transfer months 0% for a reduced transfer fee, but how do individuals assess whether they maximising the balance transfer period and the duration of the transfer?

In the table above we try to help consumers unpick the myriad of credit card transfer options by ranking products based on the cost of the transfer fee per month of 0% balance transfer interest. This does not mean the longest duration or the lowest fee, but the most effective combination of both.



 Compare Credit Cards by Issuer

American Express Credit Cards American Express
Aqua Credit Cards Aqua Credit Cards
Barclaycard Credit Cards Barclaycard
Bank of Scotland Credit Cards Bank of Scotland
Capital One Credit Cards Capital One
Halifax Credit Cards Halifax
Lloyds Bank Credit Cards Lloyds Bank
MBNA Credit Cards MBNA
Nationwide Credit Cards Nationwide
NatWest Credit Cards Natwest
Royal Bank of Scotland Credit Cards Royal Bank of Scotland
Sainsbury's Bank Credit Cards Sainsbury's Bank
Santander Credit Cards Santander
Tesco Bank Credit Cards Tesco Bank
TSB Credit Cards TSB Credit Cards
Vanquis Credit Cards Vanquis
Virgin Money Credit Cards Virgin Money


 
Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.

Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
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©2017 compareandsave.com is a trading name of Freedom Marketing Ltd.
Freedom Marketing Ltd is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority, firm reference number 493117. This can be checked at http://www.fca.org.uk/register. Registered in England & Wales under registration number 05349340. The company's registered office is Freedom Marketing Limited, Colchester Centre, Hawkins Road, Colchester, Essex, United Kingdom, CO2 8JX.

The offers that appear on this site are from companies from which compareandsave.com receives compensation.

The Financial Ombudsman Service (FOS) is an agency for arbitrating unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk.