first direct Balance Transfers Credit Card review June 2019

first direct Credit Card Visa
first direct Credit Card Visa

Transfer your existing card balances to first direct and benefit from 27 months of 0% interest.

first direct’s Balance Transfers Credit Card is designed to allow current first direct account holders to easily transfer outstanding balances from cards held with other banks to enjoy an interest-free period. It is one of two credit cards offered by first direct, the other one being the first direct Gold Card, designed for spreading the cost of upcoming purchases.

first direct’s Balance Transfers Credit Card is operated by the Visa network, meaning it can be used at more than 20 million locations worldwide.

Key details

Issuerfirst direct
NetworkVisa
Annual/monthly fees£0
Balance transfers0% for 27 months reverting to 18.9%
Balance transfer fee2.29% (min. £5) for 3 months reverting to 2.9% (min. £5)
Purchases18.9%
Purchases interest-free periodUp to 56 days
Cash advances24.7%
Min. credit limit£500
Max credit limitNot specified
Additional cards available1
IncentiveEarn cashback with selected retailers via Visa Offers, customers can register up to five separate first direct Visa cards.
Annual/monthly fees£0
Balance transfer fee2.29% (min. £5) for 3 months reverting to 2.9% (min. £5)
Foreign usage charge (EU)2.99%
Foreign usage charge (rest of world)2.99%
Cash advance fee2.99% (min. £3)
Late payment fee£12
Duplicate statement fee£5
Exceeding limit fee£12
Additional card fee£0
Dormancy fee£0
Minimum Age18
AvailabilityAvailable to existing customers
Additional CriteriaOnly available to those who haven't had a First Direct credit card or gold card in the last six months
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
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Pros and cons

  • Easy to apply for if you already have a first direct current account.
  • Minimum limit of £500.
  • Cashback offers with Visa offers.
  • You cannot transfer balances from any members operated by the HSBC group to this credit card. That includes Marks and Spencer and John Lewis Financial Services Limited.
  • The standard interest rate applies to purchases.

How does this card compare with other similar cards on the market?

Comparison ordered by representative APR with affiliated products shown first.
Updated June 24th, 2019
Name Product Balance transfers Balance transfer fee Purchases Rep. APR Incentive Representative example
0% for 12 months reverting to 19.9%
3% (min. £3)
19.9%
19.9% p.a. (variable)
Earn Asda vouchers every time you shop - 1% cashback on all Asda spend, 0.2% on all other transactions and 10% on selected insurance products. Once £2.5 is earnt a voucher can be downloaded to spend in Asda stores.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 23 months reverting to 19.9%
0% for transfers in first 3 months
0% for 3 months reverting to 19.9% p.a. (variable)
19.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 23 months reverting to 19.9%
0% for transfers in first 3 months
0% for 3 months reverting to 19.9% p.a. (variable)
19.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 20 months reverting to 19.9%
2.9% (min. £5)
0% for 20 months reverting to 19.9%
19.9% p.a. (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 12 months reverting to 15.9%
0% for 3 months reverting to 2.4% (min. £5)
0% for 12 months reverting to 15.9%
15.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a., your representative rate is 15.9% APR (variable).
0% for 12 months reverting to 17.9%
0% for 3 months reverting to 2.4% (min. £5)
0% for 12 months reverting to 17.9%
17.9% p.a. (variable)
Customers will be able to earn commission-free purchases abroad by using their Credit Card each time they make a purchase in Sterling. The calculation will be based on a 5:1 ratio - for example, £5 spent in Sterling will earn an allowance of £1 commission free-purchases abroad. Purchases abroad beyond the earned amount will be charged 2% commission.
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a., your representative rate is 17.9% APR (variable).
0% for 12 months reverting to 11.9%
3% (min. £3)
0% for 26 months reverting to 18.9%
18.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
0% for 12 months reverting to 18.9%
3% (min. £3)
18.9%
18.9% p.a. (variable)
1 IHG Rewards Club point for every £1 spent in the UK.
2 IHG Rewards Club points for every £1 spent at any IHG location in the UK.
2 IHG Rewards Club points for every £1 spent abroad.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
0% for 18 months reverting to 18.9%
0% for 18 months reverting to 3% (min. £5)
0% for 3 months reverting to 18.9%
18.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
0% for 18 months reverting to 18.9%
2.9% (min. £5)
0% for 9 months reverting to 18.9%
18.9% p.a. (variable)
Earn 1 point for every £1 spent in store or online at John Lewis, Waitrose and John Lewis Insurance. Earn 1 Point for every £2 spent elsewhere. Vouchers issued once customer reaches 500 points in Feb, Jun or Oct when vouchers are automatically issued to customers. Every 500 points is worth £5.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).

Compare up to 4 providers

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0800 24 24 24), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:
Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the first direct Credit Card Visa

If you want to transfer balances from other accounts and save on interest with 0% for 27 months with this card, just click on the “Go to Site” button and you’ll be taken to a secure application form. This takes about 15 minutes to complete. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need so that you can make this process as easy as possible.

The NatWest Balance Transfer Credit Card (existing customers)
The NatWest Balance Transfer Credit Card (existing customers)

Balance transfers:

0% for 23 months reverting to 19.9%

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

M&S Bank Shopping Plus Mastercard
M&S Bank Shopping Plus Mastercard

Balance transfers:

0% for 20 months reverting to 19.9%

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

ASDA Money Cashback Credit Card Mastercard
ASDA Money Cashback Credit Card

Balance transfers:

0% for 12 months reverting to 19.9%

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

The Royal Bank Balance Transfer Credit Card (existing customers)
The Royal Bank Balance Transfer Credit Card (existing customers)

Balance transfers:

0% for 23 months reverting to 19.9%

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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4 Responses

  1. Default Gravatar
    tomMarch 27, 2019

    I don’t understand the Balance transfer fee information:
    2.29% (min. £5) for 3 months reverting to 2.9% (min. £5)

    Does this mean a one off fee of 2.29% on the amount transferred, or does this apply a fee of 2.29% over 3 consecutive months??

    Or does it mean a one off fee of 2.29% applies until ?end of May, then after this it reverts to a one off fee of 2.9%?

    Thanks

    • Avatarfinder Customer Care
      nikkiangcoMarch 29, 2019Staff

      Hi Tom,

      Thanks for getting in touch! A 2.29% fee is applied to your monthly balance payment due for the first 3 months of your account after which reverts to 2.9% every month until your balance transfer period is over. Hope this helps!

      Best,
      Nikki

  2. Default Gravatar
    PaulaOctober 26, 2018

    Is there a fee if you pay back the amount before the 0% ends?

    • Avatarfinder Customer Care
      JhezOctober 30, 2018Staff

      Hello Paula,

      Thank you for your comment.

      According to First Direct, there’s no fee for paying the balance in full before the due date and no interest will be incurred.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

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