The best 0% balance-transfer credit cards

These 0% balance transfer credit cards offer some of the best deals on the market today.

Balance transfer credit cards can slash the costs of existing credit card debt and can be a sensible financial decision that could save you hundreds of pounds in interest payments.

The latest Bank of England data shows quoted interest rates on credit cards reached an average of 21.66% over the summer. That means that for every £1,000 borrowed, an average card holder will have to pay £216.66 in interest a year if the debt is not paid off (most credit cards don’t charge interest if they pay off the balance).

Still, for those borrowers who’re finding it hard to keep up with repayments, switching credit card balances onto a balance transfer credit card card with a zero percent interest rate makes good sense.

You could get as much as 34 months 0% interest, though the actual deal you get will depend on your credit score.

The best balance transfer credit cards on the market

Here are some of the best 0% balance transfer cards on the market today.

To avoid paying any interest, users of balance transfer credit cards need to make the minimum repayment each month. They must also repay the debt within the interest-free period.

It’s also important you only use the card to pay off the existing credit card debt and not use it to spend on it, otherwise you could face hefty interest charges.

Not paying the minimum balance each month could also incur fines and damage your credit rating.

You will need a good credit score to get the top deal; our links take you to the eligibility checker.

This list is updated regularly, based on data provided by Defaqto.

0% interest balance transfer cards with the longest offer

Sainsbury’s Bank Credit Card

  • Up to 34 months 0% interest
  • 2.88% transfer fee
  • After the 0% period, the interest rate jumps to 21.95% APR

The 34 month offer from Sainsbury’s is the longest 0% interest transfer offer on the market. However, if your credit score isn’t great you might be offered less time to pay off the balance before interest starts being charged.

Check to see if you can get the Sainsbury’s Bank deal via GoCompare's eligibility checker now or apply directly to Sainsbury's Bank.

HSBC Balance Transfer Card

  • Up to 33 months 0% interest
  • 2.84% fee
  • The interest rate jumps to 21.9% after the 0% offer period

If you're accepted for the card, HSBC offers a maximum 33 month interest free period, although the balance transfer fee is 2.84%. Unlike other balance transfer credit cards you can also get up to three months of 0% interest on purchases.

Check to see if you can get the HSBC card via GoCompare's eligibility checker or apply directly to HSBC.

Santander Balance Transfer Credit Card

  • Up to 33 months 0% interest
  • No monthly fee
  • After the 0% period, a rate of 21.9% will apply
  • 2.65% transfer fee

If accepted for this credit card, you can benefit from its 33 months 0% interest on balance transfers and 0% interest on purchases for 3 months which starts once the account is opened. Note, this card has a 2.65% transfer fee and there is no monthly fee on the credit card.

Check to see if you can get the Santander card via GoCompare's eligibility checker or apply directly to Santander.

M&S Balance Transfer Plus offer Credit Card

  • 0% interest for 32 months
  • A 1.99% transfer fee applies
  • After the 0% period is up, a rate of 21.9% will apply
  • M&S points are also available

You could get less time to pay off the balance before you're charged interest if your credit score is not perfect.

This card from M&S also offers 0% on shopping for 3 months and you can collect M&S points when using the card, which makes this particularly appealing for shoppers who use the retailer as the points can be converted into M&S vouchers.

Check to see if you can get this deal via GoCompare's eligibility checker now or apply directly to M&S Bank.

0% interest balance transfer cards with no transfer fee

Sainsbury’s Bank Credit Card

  • Up to 22 months 0% interest
  • No fee to transfer
  • After the 0% period, the rate changes to 21.95%

Once approved for this credit card, this is an all-rounder with 22 months 0% on balance transfers, no transfer fee and up to 3 months 0% on purchases.

Check to see if you can get the deal via GoCompare's eligibility checker now or apply directly to Sainsburys.

Santander Everyday No Balance Transfer Fee Credit Card

  • Up to 21 months 0% interest
  • No fee to transfer
  • After the 0% period, the interest rates jumps to 21.9% APR

This is one of the best offers on the market for no fee transfer cards, although you might be offered less time to pay off the balance if your credit score isn’t perfect.

There’s also room to use the card for purchases as it offers 0% interest on purchases for up to 3 months.

Check to see if you can get the deal via GoCompare's eligibility checker now or apply directly to Santander.

HSBC UK

0% interest for up to 20 months

  • No transfer fee
  • 21.9% APR after the 0% period is up

Another offering from HSBC, this time with no balance transfer fee. You may be offered less time to pay off the balance if you have a bad credit rating.

Check to see if you can get the deal via GoCompare's eligibility checker now or apply directly to HSBC.

Drawbacks of balance transfer credit cards

All of these offers don’t charge any interest for balances on the cards, but some do charge a fee to transfer the debt.

The card providers that do charge generally offer a longer 0% period. On the other hand, those providers that don’t have a transfer fee usually have a shorter interest free period.

Any balance left after the 0% balance transfer offer expires will attract interest at the card provider's set rate. So, it’s important to pay any balance before the offer expires.

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