Astute credit card holders know they can shop around for a new card and transfer the balance from their old one, benefiting from a lower interest rate or even an interest-free period. Balance transfers are also a great way to consolidate debt from several cards to one.
- Barclaycard Platinum with Balance Transfer offers 0% interest on your transferred balance for 20 months while offering a respectable 19.9% APR on everything else.
- Halifax Balance Transfer Credit Card offers the same terms as Barclaycard but gives you 90 days to transfer a balance compared to the former’s 60 days.
- Sainsbury’s Bank No Balance Transfer Fee Credit Card gives you 0% interest on transfers for 22 months, according to comparison site money.co.uk – but the flip side is APR is slightly higher at 20.9%.