Best Balance Transfer Credit Card

As most of us know its all to easy to build up debts on credit cards as time goes by but what few people realise is how much they could save by transferring their balance from other credit cards to one of the new credit card companies. If your current card is issued by a high street bank or older more famous credit card company the chances are you will be paying a very high rate of interest. If that credit card has an outstanding balance changing it to a balance transfer credit card could literally save you hundreds of pounds a year.

And its not just credit cards. If you have an outstanding loan, overdraft or other finance agreement you could pay off that debt with a credit card balance transfer and save money.

There are 2 different types of balance transfer offer. The first is a 0% offer for a specified period of time - normally 6 months. So while the balance is in this promotional period you would pay no interest on the debt and anything you pay off the card will come straight off your balance. The trick with these offers is to use them wisely. If you take a 0% offer for the first 6 months and then leave the balance on the card, you'll save some money but you will pay a higher rate of interest afterwards. There is a solution. You need to be disciplined and apply for a new credit card with a promotional balance transfer every 5 months or so, so when one offer ends you can switch it to the new card and still pay little or no interest.

The other option is to take a credit card that offers a balance transfer rate not for a certain period of time but for the life of the card. This is normally not 0% but around 4-6% APR. With standard rates on credit cards averaging 16-20% you will still save a significant amount of money. And the best thing about this is that you don't have to worry about switching your card every few months. Beware though that any spending you make on these cards is normally charged at the standard rate of interest and anything you pay off on the card comes of the lower rate balance transfer first.

To save the most money however you will need to take a new 0% balance transfer credit card every 6 months. And here's where we can help! Simply bookmark this page and we'll keep it constantly updated with the best balance transfer credit cards available and you can choose the next one you'd like to apply for and become a money saving "rate surfer"!

Barclaycard Credit Card

Barclaycard - The UK's Favourite credit card is now even better. With a fantastic introductory rate of 0% on balance transfers for 14 months. Not only that but you also get 0% for 3 months on purchases and a standard rate of just 14.9% APR. This on top of all the usual benefits Barclaycard are known for, like, no annual fee, free purchase protection, free price promise and 12 month extended warranty.

Barclaycard Credit Card Review
MBNA Credit Card

With the MBNA platinum plus credit card you can take advantage of one of the best rates around. You get 0% fixed until September 2009 on balance transfers and 0% on purchases until November 2008. So any outstanding debt you have on any other credit cards could be transferred for free for over 12 months from account opening. The standard rate is just 15.9% which is very competitive. No annual free, manage your account online or off makes this a great deal. Apply now for an instant online decision!

MBNA Credit Card Review
Virgin Credit Card

The Virgin credit card allows you to choose the features and benefits that you really need. So you can get 0% on balance transfers for 13 months, a standard rate of just 15.9% APR, and earn rewards on everything you buy with the card. You get to choose your own funky Virgin card design to make the card that little bit more individual. You can apply and manage your account online too making this one of the most flexible cards around.

Virgin Credit Card Review
HSBC Credit Card

The HSBC credit card is from one of the worlds largest and best known banks - HSBC. It offers a fantastic 0% on balance transfers for 12 months. You also get 0% on purchases for 3 months from account opening and a standard rate of 15.9% APR (variable). This makes it one of the most attractive cards on the market. You can apply online right now for an instant decision.

HSBC Credit Card Review
Halifax All in One Credit Card

Halifax are on of the most competitive banks on the high street, after all who gives you extra? Their latest credit card is the Halifax All in One Card. The introductory rate is just 0% and that applies not only to balance transfers but on anything you buy and lasts for a market leading 10 months. The standard rate of 15.9% APR is also one of very competitive.

Halifax All in One Credit Card Review
Capital One Platinum Credit Card

The Capital One Platinum credit card offers some market leading interest rates in a very attractive package. You get 0% on balance transfers until October 2009 and 0% on purchases until October 2009. The standard rate is one of the best available 15.9% APR (variable) making this a really great deal.

Capital One Platinum Credit Card Review