28 June 2017 : 


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Low Transfer Fee Credit Cards

Low balance transfer fee cards are credit cards which allow individuals to transfer an existing balance to a new card for a relatively small fee, or sometimes for no fee at all. These cards can be a great way of cutting the cost of debt and reducing the monthly interest payable. Some low fee cards offer other perks such as reward points or membership discounts, but these vary from card to card, so it is always best to check. Compare the best low transfer fee cards now to find the right credit card for your situation.



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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 18.95% p.a. (variable)
Sainsbury's Bank No Balance Transfer Fee application
Representative Example: Representative 19.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 19.94% p.a. (variable)
Lloyds Bank Platinum 25 Month Balance Transfer application
Representative Example: Representative 18.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 18.95% p.a. (variable)
Bank of Scotland Platinum 25 Months 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 18.95% p.a. (variable)
Sainsbury's Bank 33 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)
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)
Bank of Scotland 32 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)
M&S Balance Transfer Plus  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)
Santander Everyday Credit Card application

 

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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 cards offering 0% balance transfers ordered by the fee associated with the transfer.Table position does not imply product strength or superiority. Please ensure you have thoroughly investigated all available options before applying for products.



What are the advantages of a Low Transfer Fee credit card?

The main benefit of these cards is the low balance transfer fee, which means you pay less to transfer your debt. Customers also tend to receive 0% interest on the balance they have transferred for a given period (depending on personal circumstances), which gives them the opportunity to clear their debts.

Where can I find the best Low Transfer Fee credit card?

There are different factors that can contribute to getting the best low transfer fee card.

  • The amount of debt being transferred can determine the interest rates charged
  • Credit ratings have a bearing on the credit available
  • The time of year individuals opt to apply can also influence the deal they get (recently the best balance transfer credit card deals have been available at the start of the new year)
  • Balance transfer fee cost per 0% month

Compare products thoroughly and don't feel pressured to apply for fear a deal might go. Credit card deals do change from time to time, but normally issuers will highlight the end date for their best deals.

Things to be aware of:

  • Make sure you try and pay the balance before the 0% offer period ends, as the rates will revert to the original offer which will cost more (unless you switch again)
  • Try to avoid making purchases on the new card as this will only add to your ongoing debt
  • Make sure that the perks offered will be worth your while - There's no point having services such as travel insurance if you already have it separately, or never leave the UK
  • Never go beyond the agreed credit limit or considerable fees will be charged, and (perhaps worse) lenders often revert 0% deals back to the standard APR, which will make your debt very expensive

Can having bad credit affect the decision?

Bad credit ratings do restrict applicants from gaining acceptance; this, however, should not necessarily deter applicants, as there are credit cards available that are aimed specifically at people with poor credit (some even offering balance transfers to individuals who have a good recent history with credit). Compare some of the best bad credit and credit building cards here.

Are there any alternatives to Low Transfer credit cards?

The UK enjoys one of the most highly competitive and sophisticated credit card markets in the world. As such, there are numerous products available to people looking to access the benefits credit card ownership bestows.

If getting a credit card is not an option, maybe considering a personal loan to help pay off your debts could be a better alternative.



 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.