Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
Ulster Bank Balance Transfer Credit Card review July 2020
Existing Ulster Bank customers can transfer debt from cards that aren't held with the RBS group to enjoy 20 months of 0% interest.
If you already hold a mortgage, credit card, savings or current account with Ulster Bank, this deal lets you transfer that debt across to Ulster Bank and benefit from a lengthy 0% interest period.
Finder rating: ★★★★★
Doing its job: 4.5/5
In a nutshell:
0% interest on balance transfers
Balance transfer fee
|Balance transfers||0% for 20 months reverting to 19.9%|
|Balance transfer fee||0%|
|Purchases||0% for 3 months reverting to 19.9%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£400|
|Max credit limit||Not specified|
|Additional cards available||1|
|Availability||Available to existing customers|
|Balance transfer fee||0%|
|Money transfer fee||3%|
|Foreign usage charge (EU)||2.75%|
|Foreign usage charge (rest of world)||2.75%|
|Cash advance fee||3% (min. £3)|
|Late payment fee||£12|
|Duplicate statement fee||£0|
|Exceeding limit fee||£12|
|Additional card fee||£0|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
There are longer 0% deals than this available on the market (up to 28 months, in fact), but this one boasts the significant advantage of a waived balance transfer fee, provided you transfer your balance within three months.
Remember that if you haven’t cleared your balance when the 20 months are up, your remaining debt will start to accrue interest at the card’s standard rate. Additionally, some cardholders will be given a higher standard rate than the advertised 19.9%, depending on Ulster Bank’s assessment of their creditworthiness.
If you’re an existing customer, you probably already use the Ulster Bank app and will be glad to know that, yes, you can track your card using the app. In fact, you can even lock and unlock it from the app, which is ideal when the card’s missing and you’re not sure if it’s down the back of the sofa or in the hands of a thief!
Since it’s on the Mastercard network, your Ulster Bank card will be accepted in more than 40 million locations worldwide and you’ll get access to Priceless Cities experiences.
How does this card compare with other similar cards on the market?
Ulster Bank’s card
When it comes to repayments, you can make manual repayments online or over the phone (0800 046 6486), 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 Ulster Bank Balance Transfer Credit Card
If you’ve 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.
Frequently asked questions
How long does it take to receive the card?
If I miss a repayment, will I lose my interest free offer?
How much can I transfer?
How do I request to change my credit limit?