Please
note: The interest rates, APR calculations, charges,
awards and other conditions applying to credit cards on these
pages may be changed by the card providers at any time.
0% Balance Transfers on UK Credit Cards
Should you switch your account
balance to a new card, one that offers to cut the
interest on your old card's debt? Well, why not?
Card issuers are offering 0% APR balance
transfers so there's no need to be stuck with a high
interest rate.
Barclaycard now have a 0% APR for
life . . . life of the balance of your transferred debt,
that is! Other card companies have started to increase the
interest free period to 9 months. This could save you a
lot of interest on your credit card balances.
But REMEMBER to make the monthly payment
religiously, make the minimum new purchases each month and
stay within the credit limit, or your zero percent advantage
will evaporate in an instant.
Compare rates online for a cheap UK credit card
Click on any of the cards below and
then select its name by scrolling the menu box.
We strongly recommend you then run a comparison
by selecting the default choice of "Any",
it may find you a far better deal . . .
Our pick of the best:
Barclaycard —
A balance transfer rate of 0% APR
for the life of your balance when you spend a minimum of
£50 per month. If there are months when you do not use your
card, you'll still only pay a low interest
for those months.
You'll also get 2% cashback on your
purchases until December 2004, when you transfer a balance,
as long as you carry a balance forward from one month to
the next.
Up to 0.5% CashBack rates from 9.9%
p.a. (11.5% APR) for purchases 0% p.a. on balance transfers
fixed for 6 months.
Click on the
card below to compare and apply . . .
Morgan Stanley —
Platinum Card has a 6 month 0% balance
transfer scheme, with the APR fixed at a reasonable level.
As with most of these offerings,
be careful to make the minimum purchases
each month and to pay the monthly minimum balance
repayment, or the issuer will raise the APR at a moment's
notice.
Click on the
card below to compare and apply . . .
Citibank —
Both the platinum and the standard
Visa cards from this big bank offer 0% APR for 6 months
on balance transfers and purchases and a typical standard
APR.
The initial balance transfers and
purchases will be charged at 0% for the first 6 months-with
a standard APR, cash will be charged at a higher APR (variable).
A minimum repayment of £5 or 3% (whichever is the
greater) must be made during the interest-free period and
throughout the term of the agreement whilst there is an
outstanding balance.
Click on the
card below to compare and apply . . .
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