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A 0% balance transfer card lets you move existing debt to a new card with 0% interest for up to 29 months — saving hundreds or thousands in interest. Here are the best options for 2026.

Best Balance Transfer Cards

Card 0% Period Transfer Fee APR After
MBNA Balance Transfer Up to 29 months 2.99% 24.9%
Virgin Money Balance Transfer Up to 26 months 2.99% 24.9%
Barclaycard Balance Transfer Up to 24 months 2.99% 24.9%
NatWest Balance Transfer Up to 22 months 2.49% 23.9%
Santander All in One Up to 18 months 3% 24.9%

How Much You’ll Save

Debt Old Card APR 0% Period Used Interest Saved Transfer Fee
£3,000 22.9% 24 months £1,158 £90
£5,000 22.9% 29 months £2,386 £150
£8,000 22.9% 29 months £3,818 £240
£10,000 22.9% 29 months £4,772 £300

Net savings = interest saved minus transfer fee. Even with the fee, savings are substantial.

Monthly Payment to Clear

Debt 24 months 26 months 29 months
£3,000 £125 £115 £103
£5,000 £208 £192 £172
£8,000 £333 £308 £276
£10,000 £417 £385 £345

Key: Set up a standing order for the monthly amount needed to clear the balance before the 0% period ends.

Balance Transfer Rules

Rule Details
Minimum payment Must pay at least the minimum each month (or 0% deal is cancelled)
New purchases Usually NOT at 0% — avoid spending on this card
Transfer window Usually 60–90 days from opening
Credit score needed Good to excellent (700+) for the best offers
Existing bank rule Can’t transfer between cards from the same bank

Bottom Line

A 0% balance transfer is the single best tool for credit card debt in the UK. On £5,000 of debt, you’ll save over £2,000 in interest. The key rules: never miss a payment, don’t make new purchases on the card, and set up a standing order to clear the balance before the 0% ends.

See our best credit cards UK or how to build credit UK for more.

WealthVieu
Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

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