28 June 2017 : 


Money guides packed with tips & ideas for managing money
Home / Compare Credit Cards / Balance Transfers and Purchases Cards

Balance Transfer & Purchase Credit Cards

A relatively new addition to the UK credit card market is the emergence of combined credit cards. These cards combine two traditionally popular introductory offers (0% interest on balance transfers & 0% interest on new purchases) into one single product. Sometimes the length of the elements are different, but in many instances credit card issuers match one promotional period with another. If you need to transfer a balance, but know you are also likely to need your credit card for transactions in the near future, these cards can be a great option, adding considerably more flexibility to your finances than alternative introductory deals may offer. Compare the best balance transfer & purchase products below and find the right credit card for your needs.



Highlight message star

compareandsave.com is a comparison website, authorised and regulated by the FCA as a credit broker
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 18.9% p.a. (variable)
Santander Everyday 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)
Post Office Money Matched Card 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)
Sainsbury's Bank Dual Offer 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 29/29 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 All in One 29/29 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 All in One 29/29 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 with Purchases 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)
M&S Shopping Plus 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)
Yorkshire Bank Gold MasterCard 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)
Clydesdale Bank Gold Credit Card 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 comprises cards offering a 0% introductory period on balance transfers and new purchases ordered by lowest single attribute duration. Table position does not imply product strength or superiority. Please ensure you have thoroughly investigated all available options before applying for products.

 
 
 

What is the best transfer and purchase card?

Balance transfer and purchase cards are all different which means it is essential that you compare them thoroughly to ensure you fully understand what you are applying for.

Certain products offer 0% transfer and purchase periods of equal length, which can help if you tend to be forgetful when it comes to understanding what rate you are paying and for what (ie. sometimes the purchase rate will continue beyond the balance transfer period or vice versa, so you might start accruing higher interest on one or other element before the introductory period has finished). 

Before you apply for a credit card, try to think about how you might use it. Do you need longer on balance transfers, as any purchases are likely to be in the near future? (remember, rules governing ‘payment hierarchy’ have changed and credit card issuers are now obliged to use payments to clear the most expensive debt first, meaning you are less likely to incur interest rapidly by using a ‘balance transfer credit card’ for making purchases).

Which issuers offer transfer and purchase products?

A number of different credit card issuers offer products that could be classified as balance transfer and purchase cards, from high street banks to more specialist (credit card only) suppliers.

Which issuer is offering the best deal for your specific circumstances will change as different products are launched and withdrawn from the market, but it pays to shop around. Just because your bank account supplier has offered you a credit card, doesn't mean it's the best product you could obtain.

What other credit cards are available?

The UK credit card market is a dynamic and diverse place with numerous products and brands competing for our business. If you don't think a transfer and purchase card is right for you, there are a number of other options available.

If you always pay off your credit card in full every month, you might want to consider one of the many different rewards style credit cards available. Airmiles, points or cashback credit cards all offer consumers perks just for doing their normal shopping with a particular card.

If you have been rejected for a credit card, personal loan or other credit-based products, it could be because you have a poor credit score. A number of credit card issuers offer products that can, if used well, help people improve their credit score and some of these cards even offer features (like 0% balance transfers or purchases) that are traditionally associated with 'prime' credit card customers (ie. customers with exceptional credit scores).



 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.
Follow Us: facebook twitter Google+

©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.