RBS Longer Balance Transfer Credit Card Mastercard review 2020
With one of the most generous 0% transfer periods on the market, the RBS Longer Balance Transfer card does exactly what it says on the tin.
Finder rating: ★★★★★
Doing its job: 4/5
In a nutshell:
0% interest on balance transfers
0% interest on purchases
|Issuer||Royal Bank of Scotland|
|Balance transfers||0% for 28 months reverting to 19.9%|
|Balance transfer fee||2.75%|
|Purchases||0% for 3 months reverting to 19.9%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£300|
|Max credit limit||Not specified|
|Additional cards available||1|
Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney.
The RBS Longer Balance Transfer credit card certainly lives up to its name – offering an extended 28-month 0% period on balance transfers, as well as an introductory 3 months 0% on purchases.
However, you’ll need to pay a 2.75% balance transfer fee, which may negate the benefit of the longer 0% transfer period for those looking to transfer an especially large balance.
You’ll also need to transfer the balance within the first 3 months to get the 0% offer, and will only be able to transfer up to 95% of your available credit limit (with a minimum transfer of £100).
There’s no annual fee and the representative APR is a healthy 19.9%, which makes it a relatively competitive card even without the longer balance transfer period.
Overall, the RBS Longer Balance Transfer credit card is an option for anyone looking to transfer a balance and wanting as much time as possible to do so. For those looking to transfer a smaller balance, the regular RBS Balance Transfer card may be a better bet, as it charges no fees when you transfer a balance across.
How does this card compare with other similar cards on the market?
You can make manual repayments online or over the phone (0345 724 2424), or alternatively set up a direct debit. A direct debit 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 RBS Longer Balance Transfer Credit Card
If you have compared cards and want to apply, completing the secure online application form takes about 10 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.