![]() ![]() Representative example: assumed borrowing of £1,200 for one year, at a purchase rate of 21.95% (variable), representative 21.9% APR (variable). Sainsbury's Bank 22 Month Low Balance Transfer Fee Credit Card Mastercard Sainsbury's Bank 31 Month Balance Transfer Credit Card Mastercard A balance transfer fee of 2.99% applies to transfers made at application. Representative example: assumed borrowing of £1,200 for one year, at a purchase rate of 21.9% (variable), representative 21.9% APR (variable). Halifax Longest 0% Balance Transfer Credit Card Mastercard A balance transfer fee of 1.99% applies to transfers made at application (£5 minimum). M&S Bank Credit Card Transfer Plus Offer Mastercard A balance transfer fee of 2.65% applies to transfers made at application (£5 minimum). Santander Everyday Long Term Balance Transfer Credit Card Mastercard A balance transfer fee of 2.88% applies to transfers made at application (£3 minimum). Sainsbury's Bank 34 Month Balance Transfer Credit Card Mastercard Use the calculator below to quickly find the best 0% balance transfer term for you. So if you had £4,000 worth of debts and could afford to repay £150 a month, you would need a card with a 0% period lasting at least 27 months. The answer will give you your ideal 0% period, which you can use to help you shop for a card. This means it can be worth avoiding the longest deals if you feel confident that you'll be able to repay the balance within a shorter time frame.Ī simple way to find the best deal for you is to take the total amount you have on your credit cards and store cards and divide this by what you can afford to repay each month. In general, the longer the deal lasts, the higher the fee will be. Some cards don’t charge a balance transfer fee but others charge up to 3.5% for each balance transfer you do, so if you’ve got multiple cards you want to clear, the costs can add up. When shopping for a 0% balance transfer credit card you should consider the length of the 0% period and the size of the balance transfer fee. Which balance transfer credit card could be best for you? ![]() In contrast, a £2,000 debt moved onto a 0% balance transfer card, with the same repayments of £60 a month, will take 34 months to clear and cost £2,000 – saving you £755. This gives you the chance to pay the debt down faster and save money, as all your payments will go towards the debt rather than the debt and interest.įor example, a £2,000 debt on a card charging an 18.9% APR that you pay £60 a month towards will take 46 months to clear and cost you £2,755. ![]() With a 0% balance transfer credit card you can shift debt from expensive credit and store cards and freeze the interest for a set period – with some deals lasting up to 34 months. ![]()
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