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If you are looking for the best balance transfer credit cards then we an exclusive range below.

Balance transfer credit cards refer to credit cards that allows you transfer a balance from an existing credit cards and, sometimes, from your bank account or even to write a credit card cheque. Usually, when people are referring to balance transfer credit cards, they mean credit cards that allow you to make this balance transfer at either a 0% interest or a discounted interest rate. These discounted interest rates run for a fixed period of time, usually ranging from 3 months to 15 months.

When making these discounted balance transfers, you will usually be charged a balance transfer fee (typically around 3%) so you should include this in your overall calculation s, when weighing up the benefit of transferring the balance to a credit card.

 

Editor’s Choice for Balance Transfer Credit Cards

	Best Balance Transfer Credit Card The Virgin Credit Card offers 15 months 0% interest on balance transfers and 3 months 0% interest on new purchases.
	The BT Credit Card offers 0% on balance transfers for 12 months, 0% on new purchases and you can earn BT Rewards against your bill and BT Retail purchases (terms & conditions apply).
	Barclaycard Platinum Credit Card offers 14 months 0% on balance transfers and 3 months 0% on new purchases.
	The Egg Card offers 15 months interest free on balance transfers and 3 months interest free on new purchases.
	RBS Credit Cards offer 13 months 0% on balance transfers and 6 months 0% on new purchases.
	NatWest Credit Cards offer 13 months 0% on balance transfers and 6 months 0% on new purchases.
	Best Travel Credit Card The Post Office Credit Card offers 0% on balance transfers for 10 months, 0% on new purchases for 3 months and 0% commission when you use your credit card abroad.
	The MBNA Platinum Plus Credit Card offers 0% on balance transfers until August 2009, 0% on new purchases until October 2008 and 0% on transferring cash to your current account until August 2009.
	Best Overall Credit Card and Best 0% Credit Card for New Purchases If you have an excellent credit rating, then it’s double win for the Capital One Platinum MasterCard Credit Card offering 0% on balance transfers and 0% on new purchases until 1st March 2009, together with a low APR of just 9.9%.
	The Virgin Atlantic American Express White Credit Card offers Virgin Atlantic Flying Club miles, 3000 bonus miles on your first spend, upgrades and more.
	The Virgin Atlantic American Express Black Credit Card offers Virgin Atlantic Flying Club miles, 3000 bonus miles on your first spend, upgrades and more.
	The MBNA Business Credit Card offers 0% interest on balance transfers for 12 months and 0% interest on new purchases for 3 months.
	The MBNA Business Credit Card with bmi Miles offers 20,000 bmi miles on account opening and activation, free travel insurance and discounted balance transfer rate for 12 months.

Credit card issuers often charge a higher than average interest rate on balance transfer credit cards, once the discounted interest rate period has finished. When transferring a balance to one of these cards, you should consider what you will do when the discounted period is over as, leaving the balance on the credit card, will quickly outweigh any benefit of the discounted period. Some people move balances around from one interest free credit cards to another and this is called Stoozing. For more information on Stoozing, read our article Make money from your Credit Card.

Not all credit cards will allow you to transfer money to your bank account at a discounted rate, so you should check the credit card’s terms and conditions if you are looking to do this. A credit card cheque is a special cheque that may be provided by the credit card issuer and this allows you to write cheques rather than using your credit card. In some instances, these cheques may be available at your discounted rate; however, usually, they are treated as cash advances and attract a high rate of interest. As with transferring money to your bank account, check the terms and conditions before using these cheques. If you are looking to transfer money in to your bank current account, then take a look at the MBNA Platinum Plus Credit Card.