Compare no-fee balance transfer credit cards

Credit cards with no balance transfer fee allow you take a break from paying interest on your existing credit card debt with no extra costs.

Comparison of balance transfer cards with introductory no-fee periods

Table: sorted by length of 0% balance transfer offer, promoted deals first
Name Product Balance transfers Balance transfer fee Purchases Annual/monthly fees Representative APR Incentive Link
Santander All in One Credit Card
0% for 26 months reverting to 18.9%
0% for 26 months reverting to 3% (min. £5)
0% for 23 months reverting to 18.9%
£3 per month
24.7% APR (variable)
0.5% cashback on all your eligible purchases, paid monthly into card account. Maximum spend for cashback purposes is limited to credit limit. Terms apply.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. with a fee of £3 per month, your representative rate is 24.7% APR (variable).
Check eligibility
The NatWest Balance Transfer Credit Card (existing customers only)
0% for 22 months reverting to 21.9%
0%
0% for 3 months reverting to 21.9%
£0
21.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
Royal Bank of Scotland Balance Transfer Credit Card (existing customers only)
0% for 22 months reverting to 21.9%
0%
0% for 3 months reverting to 21.9%
£0
21.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
Santander Everyday No Balance Transfer Fee Credit Card
0% for 21 months reverting to 21.9%
0% for 21 months reverting to 3% (min. £5)
0% for 3 months reverting to 21.9%
£0
21.9% APR (variable)
Earn up to 15% cashback with your selected Retailer Offers at selected major retailers.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
HSBC No Fee Balance Transfer Credit Card Visa
0% for 20 months reverting to 21.9%
0%
21.9%
£0
21.9% APR (variable)
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
Sainsbury's Bank 22 Month Low Balance Transfer Fee Credit Card
0% for 22 months reverting to 21.95%
0% for 3 months reverting to 3% (min. £3)
0% for 3 months reverting to 21.95%
£0
21.9% APR (variable)
Earn 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere. Earn 500 bonus points each time you spend £35 or more on Sainsbury's shopping with your credit card, up to ten times in your first 2 months, offer available for new customers.
Representative example: When you spend £1,200 at a purchase rate of 21.95% (variable) p.a., your representative rate is 21.9% APR (variable).
Ulster Bank Balance Transfer Credit Card Mastercard
0% for 22 months reverting to 21.9%
0%
0% for 3 months reverting to 21.9%
£0
21.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Santander World Elite Mastercard
0% for 18 months reverting to 18.9%
0% for 18 months reverting to 3% (min. £5)
0% for 18 months reverting to 18.9%
£15 per month
49.8% APR (variable)
0.5% cashback on £1 to £3000 of monthly spend. Maximum of £15 cashback paid per month. Cashback paid monthly into card account.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. with a fee of £15 per month, your representative rate is 49.8% APR (variable).
MBNA No Fee 0% Balance Transfer Credit Card
0% for 15 months reverting to 21.94%
0% for 2 months reverting to 5%
21.94%
£0
21.9% APR (variable)
Earn up to 15% cashback on purchases through Smart Rewards at popular retailers.
Representative example: When you spend £1,200 at a purchase rate of 21.94% (variable) p.a., your representative rate is 21.9% APR (variable).
Barclaycard Platinum 15 Month No Fee Balance Transfer Visa
0% for 15 months reverting to 22.9%
0%
0% for 3 months reverting to 22.9%
£0
22.9% APR (variable)
Buy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive presale tickets on selected festivals with 10% off ticket prices.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
loading

Compare up to 4 providers

If you’re looking to pay off existing credit card debt more cheaply, moving it to a 0% balance transfer credit card could be a good option.

The best balance transfer credit cards offer an introductory 0% interest period for up to nearly 3 years, giving you plenty of breathing space to tackle your debt without paying interest.

However, in return, you will often have to pay a balance transfer fee, which can be 1-3% of the balance. If you’re planning to transfer a hefty sum, this fee could be painful.

How do no-fee balance transfer credit cards work?

No-fee balance transfer credit cards work the same way as any other balance transfer card. The only difference is you won’t be charged an upfront fee to carry out your transfer, provided the transfer is completed within a set period. This is usually 60 or 90 days, depending on the provider.

If you’re paying interest on existing credit card debt, switching it to a credit card with no balance transfer fee may seem like a no-brainer. However, you should be aware that while many no-fee balance transfer cards still offer 0% deals, they tend to be shorter compared to fee-charging balance transfer credit cards. For example, at the time of writing, the top no-fee balance transfer card offered 21 months at 0%, compared to 35 months with a fee-charging card.

When comparing your options, you need to consider both the fee (or lack of fee) and the length of the 0% introductory offer. If you are confident you can pay off your debt in a shorter time and you can afford the repayments, opting for a no-fee card is likely to be the best option. However, if you need longer to clear your debt, opt for a fee-charging card instead.
Balance transfers illustrated

No-fee balance transfer eligibility criteria

To qualify for a no-fee balance transfer card, you will need to be at least 18 years old and a UK resident. There may also be a minimum income requirement to meet, depending on the provider.

To qualify for the most competitive no-fee balance transfer deals, you will also need a good credit score. If you don’t have a good credit score, lenders may be more reluctant to let you borrow. Or, if they agree to give you a credit card, you could be offered a shorter 0% deal and a higher rate of interest once the 0% deal ends.

Pros and cons of credit cards with no balance transfer fees

Pros

  • You can pay off your credit card debt over several months without interest building up
  • There are no expensive balance transfer fees to pay
  • You’ll pay off your debt more quickly and more cheaply
  • Provided you pay off your debt on time, your credit score will improve

Cons

  • 0% introductory offers tend to be shorter compared to credit cards that charge a balance transfer fee
  • You’ll need a good credit score to qualify for the best deals
  • If you don’t pay off your balance before the 0% deal ends, you’ll pay a high rate of interest

How to compare no-fee balance transfer credit cards

The length of the introductory 0% interest deal is the main factor to compare when looking for a credit card with no balance transfer fee. The longer the deal is, the less you’ll have to pay off each month to be debt-free without paying interest.

It’s also worth paying attention to the deadline for making no-fee balance transfers. With most cards, the no-fee deal only applies to transfers made in the first few months of card ownership.

Who is a credit card with no balance transfer fee suitable for?

As mentioned, credit cards with no balance transfer fees tend to have shorter 0% deals attached to them than fee-charging balance transfer cards. This means that a no-fee card will only be suitable for you if you can clear your balance within a shorter period.

Remember that the interest rate jumps as soon as the 0% deal ends, so you don’t want any debt remaining when this happens. You’re better off paying a small fee on a card with a longer 0% deal than failing to pay off your no-fee card on time.

No-fee cards are unlikely to be suitable for those who want to make credit card purchases. Few of these cards have decent 0% deals on purchases and it’s best not to spend on a balance transfer credit card anyway. If you want to spend on your card, you’re better off applying for a second card to make purchases on.

Example: Janet and Marcus pay off their £7,000 wedding credit card debt

Janet and Marcus ran up a £7,000 credit card debt when paying for their recent wedding. The couple were looking to transfer their £7,000 debt to a balance transfer card and were considering 2 different cards.

They considered a 30 month 0% balance transfer card with a 3% balance transfer fee. With this card, they would have to pay off a total of £7,210 (including the £210 fee) through monthly payments of £240.

However, they also looked at a no balance transfer fee card with a shorter 0% interest period of 22 months, but no extra fees. They would have to pay back a total of £7,000 over monthly payments of £318.

Janet and Marcus realised they could afford these larger monthly payments over the shorter period so decided to apply for the no-fee balance transfer card, saving them £210 in fee costs and hundreds of pounds of interest.

* This is a fictional, but realistic, example.

Compare credit cards by type or benefit

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site