Santander

Santander balance transfer

Find out how to transfer a balance using a Santander credit card, and compare 0% balance transfer offers.

Santander balance transfer credit cards let you transfer an existing credit card balance to a new card, and then give you a certain period of time to pay off the balance without paying interest.

Compare Santander credit cards

Table: sorted by length of 0% balance transfer offer, promoted deals first
Name Product Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
Santander Everyday Long Term Balance Transfer Credit Card
0% for 3 months reverting to 20.9%
0% for 31 months
(2.75% fee)
£0
20.9% 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 20.9% (variable) p.a., your representative rate is 20.9% APR (variable).
Check eligibility
Santander All in One Credit Card
0% for 20 months reverting to 17.9%
0% for 26 months
(0% fee)
£3 per month
23.7% APR (variable)
0.5% cashback after £1 of monthly spend. Cashback paid monthly into card account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a. with a fee of £3 per month, your representative rate is 23.7% APR (variable).
Check eligibility
Santander Everyday No Balance Transfer Fee Credit Card
0% for 3 months reverting to 20.9%
0% for 18 months
(0% fee)
£0
20.9% 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 20.9% p.a. (variable), your representative rate is 20.9% APR (variable).
Check eligibility
Santander World Elite Mastercard
0% for 18 months reverting to 18.9%
0% for 18 months
(0% fee)
£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).
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Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to all successful applicants. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

How does a Santander balance transfer work?

When you take out a Santander balance transfer credit card, you’ll be able to transfer an existing balance you have on another non-Santander credit card. You can do this by logging into your Santander online banking account, or by contacting Santander via phone.

Once the balance has been transferred, you’ll have a number of months to pay off the balance before you start being charged interest, but this period will vary depending on which Santander credit card you have. If you haven’t paid off the balance by the end of this period, it will begin accruing interest at your standard purchase rate.

The 0% balance transfer periods currently offered on Santander credit cards range from 1 month on the Santander Zero card, up to 26 months on the Santander All in One card.

Santander balance transfer for existing customers

Unfortunately, you can’t transfer a balance from one Santander credit card to another, which means existing Santander card customers are not eligible for a Santander balance transfer. However, if you’re an existing customer, Santander may occasionally contact you with 0% balance transfer offers that allow you to transfer a balance from a non-Santander card.

How long does a Santander balance transfer take?

This will depend on where you’re transferring the balance from, and can take anywhere from one or two days, to up to two weeks. While you’re waiting for the balance to transfer, make sure you’re not missing any payments on your existing credit card.

Are there any restrictions?

There are some restrictions on the types of balances you can transfer using a Santander balance transfer credit card. These are:

  • You can’t transfer a balance from another Santander credit card
  • You can’t transfer a loan or current account balance
  • You’ll need to be the primary cardholder of the other card
  • You can’t transfer more than 95% of your available credit limit
  • You’ll need to transfer a balance of at least £100

How much does it cost to transfer a balance with Santander?

Most Santander balance transfer credit cards let you transfer a balance with no additional fee, as long as you do so within the 0% balance transfer period.

However, if you transfer a credit card balance using a Santander Zero card, or after the 0% transfer period has ended on another card, you’ll need to pay either a £5 fee, or 3% of the balance you’re transferring, whichever is higher.

Santander balance transfer step-by-step guide

  1. Apply for a Santander balance transfer credit card. Try to find the card that gives you the best balance transfer deal.
  2. Once approved, apply to transfer a balance via online banking or by phone. If using online banking, you’ll only be able to transfer balances from cards held in your name.
  3. Wait for the balance to be transferred. Don’t close your old card account immediately, and make sure you confirm the balance has been removed from your old card.
  4. Once it has been transferred, start repaying the balance. Try to pay off as much of the balance as you can reasonably afford.
  5. If possible, make sure to pay off the entire balance before the end of your 0% period. This means you can avoid paying uneccessary interest on your balance.

How should I compare Santander balance transfer offers?

This will depend on the size of the balance you’re looking to transfer, and how long you think you’ll need to pay it off. Both the Santander Everyday and Santander World Elite credit cards offer 18 months of 0% interest on balance transfer, which may be suitable for the customers looking to transfer a balance.

If you’re looking to transfer a large balance, or looking for as much time to pay off the balance as possible, you may want to consider the Santander All in One card. This card offers an extended 26 month 0% interest period, but keep in mind that it also charges a £3 monthly fee.

What’s the typical Santander balance transfer rate?

Santander credit cards offer 0% periods on balance transfers, and these range from 1 month to 26 months, depending on the card. If you don’t repay your balance in full before the end of your 0% period, you’ll be charged interest at your standard purchase rate. Typical Santander APRs range from 18.9% to 49.8%.

How big will my credit limit be?

This will depend on both your financial history and credit score, and the specific card you’re applying for. When applying for a Santander balance transfer card, you’ll need to keep in mind that you’ll only be able to transfer a balance up to 95% of your available credit limit.

You can apply to increase or reduce your credit limit via Santander online banking, or by phone.

Bottom line

Santander offers a number of competitive balance transfer credit cards with extended 0% balance transfer periods. But if you’re looking to transfer a balance using Santander card, keep in mind that you’ll only be able to transfer up to 95% of your available credit limit, and won’t be able to move a balance from another Santander card.

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.

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