16 results found, based on your search criteria

The cost of clearing the balance assumes a money transfer of £3,000, paying £110 per month with no further spending on the card.

Money Transfer Credit Card

MBNA Ltd Money Transfer Credit Card

Introductory Offer Period

0% interest & fees for 18 mths, then 22.90% APR

Fees

2.99% of Money transferred

Pre-Apply eligibility

You can check whether you can get this card before applying

Clear the balance

30 months and cost £211 in interest

        

You can transfer your existing balance to your new card for 12 months with a 4% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 12 month with a 5% fee.

Representative Example:

Representative 22.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 22.93% (variable) annual.

Balance Transfer Credit Card (23 Mths)

MBNA Ltd Balance Transfer Credit Card (23 Mths)

Introductory Offer Period

0% interest & fees for 12 mths, then 20.90% APR

Fees

4% of Money transferred

Pre-Apply eligibility

You can check whether you can get this card before applying

Clear the balance

32 months and cost £423 in interest

        

You can transfer your existing balance to your new card for 23 months with a 1.99% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 23 month with a 5% fee.

Representative Example:

Representative 20.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 20.93% (variable) annual.

Balance Transfer Credit Card (26 Mths)

MBNA Ltd Balance Transfer Credit Card (26 Mths)

Introductory Offer Period

0% interest & fees for 12 mths, then 20.90% APR

Fees

4% of Money transferred

Pre-Apply eligibility

You can check whether you can get this card before applying

Clear the balance

32 months and cost £423 in interest

        

You can transfer your existing balance to your new card for 26 months with a 2.99% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 26 month with a 5% fee.

Representative Example:

Representative 20.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 20.93% (variable) annual.

Dual Offer Credit Card

MBNA Ltd Dual Offer Credit Card

Introductory Offer Period

0% interest & fees for 12 mths, then 20.90% APR

Fees

4% of Money transferred

Pre-Apply eligibility

You can check whether you can get this card before applying

Clear the balance

32 months and cost £423 in interest

        

You can transfer your existing balance to your new card for 18 months with a 2.99% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 18 month with a 5% fee.

Representative Example:

Representative 20.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 20.93% (variable) annual.

Clubcard Credit Card (Balance Transfer)

Tesco Bank Clubcard Credit Card (Balance Transfer)

Introductory Offer Period

0% interest & fees for 12 mths, then 19.90% APR

Fees

3.94% of Money transferred

Pre-Apply eligibility

You cannot check whether you can get this card before applying

Clear the balance

32 months and cost £435 in interest

        

You can transfer your existing balance to your new card for 26 months with a 2.98% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 26 month with a 3.99% fee. Clubcard Points: - 5 Clubcard points for every £4 you spend at Tesco stores - 5 Clubcard points for every £4 you spend on Tesco fuel (excludes Esso Fuel) - 1 Clubcard point for every £8 you spend everywhere else Clubcard points are redeemed in the form of rewards sent to the cardholder as vouchers to be used in store.

Representative Example:

Representative 19.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 19.9% (variable) annual.

All Round Credit Card (18m) (21.9%)

Virgin Money All Round Credit Card (18m) (21.9%)

Introductory Offer Period

0% interest & fees for 12 mths, then 21.90% APR

Fees

4% of Money transferred

Pre-Apply eligibility

You can check whether you can get this card before applying

Clear the balance

32 months and cost £473 in interest

        

You can transfer your existing balance to your new card for 18 months with a 2.9% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 18 month with a 5% fee. Virgin Money Back - Cashback offers with certain brands when shopping online. Customer must register, and sign in to virginmoneyback.com. They can view and pick a cashback offer from there. Access to customer lounges. Various Virgin Group discounts available.

Representative Example:

Representative 21.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 21.9% (variable) annual.

Balance Transfer Credit Card (20 Mths) (21.9%)

Virgin Money Balance Transfer Credit Card (20 Mths) (21.9%)

Introductory Offer Period

0% interest & fees for 12 mths, then 21.90% APR

Fees

4% of Money transferred

Pre-Apply eligibility

You can check whether you can get this card before applying

Clear the balance

32 months and cost £473 in interest

        

You can transfer your existing balance to your new card for 20 months with a 1% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 20 month with a 5% fee. Virgin Money Back - Cashback offers with certain brands when shopping online. Customer must register, and sign in to virginmoneyback.com. They can view and pick a cashback offer from there. Access to customer lounges. Various Virgin Group discounts available.

Representative Example:

Representative 21.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 21.9% (variable) annual.

Balance Transfer Credit Card (22 Mths) (21.9%)

Virgin Money Balance Transfer Credit Card (22 Mths) (21.9%)

Introductory Offer Period

0% interest & fees for 12 mths, then 21.90% APR

Fees

4% of Money transferred

Pre-Apply eligibility

You can check whether you can get this card before applying

Clear the balance

32 months and cost £473 in interest

        

You can transfer your existing balance to your new card for 22 months with a 3% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 22 month with a 5% fee. Virgin Money Back - Cashback offers with certain brands when shopping online. Customer must register, and sign in to virginmoneyback.com. They can view and pick a cashback offer from there. Access to customer lounges. Various Virgin Group discounts available.

Representative Example:

Representative 21.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 21.9% (variable) annual.

All Round Credit Card (18m) (23.9%)

Virgin Money All Round Credit Card (18m) (23.9%)

Introductory Offer Period

0% interest & fees for 12 mths, then 23.90% APR

Fees

4% of Money transferred

Pre-Apply eligibility

You can check whether you can get this card before applying

Clear the balance

32 months and cost £506 in interest

        

You can transfer your existing balance to your new card for 18 months with a 2.9% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 18 month with a 5% fee. Virgin Money Back - Cashback offers with certain brands when shopping online. Customer must register, and sign in to virginmoneyback.com. They can view and pick a cashback offer from there. Access to customer lounges. Various Virgin Group discounts available.

Representative Example:

Representative 23.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 23.9% (variable) annual.

Balance Transfer Credit Card (20 Mths) (23.9%)

Virgin Money Balance Transfer Credit Card (20 Mths) (23.9%)

Introductory Offer Period

0% interest & fees for 12 mths, then 23.90% APR

Fees

4% of Money transferred

Pre-Apply eligibility

You can check whether you can get this card before applying

Clear the balance

32 months and cost £506 in interest

        

You can transfer your existing balance to your new card for 20 months with a 1% fee. Money transfers available: Transfer money from your credit card to your current account interest free for 20 month with a 5% fee. Virgin Money Back - Cashback offers with certain brands when shopping online. Customer must register, and sign in to virginmoneyback.com. They can view and pick a cashback offer from there. Access to customer lounges. Various Virgin Group discounts available.

Representative Example:

Representative 23.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 23.9% (variable) annual.

  • Credit cards guide
  • Focus on balance transfers
  • Popular credit card FAQs
  • About our credit cards comparison
A credit card is something that almost everyone can benefit from.

Used effectively, there are plenty of advantages to credit cards, such as interest-free borrowing over several years, free and discounted flights, cashback, rewards and additional purchase protection.
In this guide
How to choose the right credit card
Almost every credit card on the market has been designed to meet a specific need. With a bit of research, choosing the right one for you should be straightforward. The first step is to consider what type of card is likely to suit your needs. Then, you can check your eligibility before you apply.
Eligibility
When you apply for a credit card, you’ll be asked for information about your circumstances. This will be used alongside data on your credit file to determine whether you'll be issued with a card - and if so, what your credit limit will be.
What impacts eligibility:
  • You previously defaulted, as this may indicate you cannot deal with credit responsibly
  • You previously missed payments, as this may indicate you cannot deal with credit responsibly
  • You’ve moved repeatedly or are there gaps in your address history. Providers may worry you'll disappear with their money
  • You’re borrowing more, as this may indicate you can't keep up with your payments
  • You total debt is a high percentage of your income - the higher it is, the harder it will be to pay off
  • You’ve made a flurry of new applications, as this may suggest you are under sudden financial stress
Fortunately, most providers have ‘eligibility checkers’ that indicate your likelihood of getting a card before you apply. This minimises the risk of you applying for a card you won’t get and leaving a search on your credit record.

Unless you’ve a high income, or years of blemish-free credit history, we recommend only applying for cards where you can check your eligibility first.
Credit card types
0% Balance transfers
If you’re struggling to pay off debt on your credit card, you may be paying hefty interest charges each month.

But you can avoid paying any interest at all for up to 26 months. That’s if you shift your balance to a so-called 0% balance transfer card with a different provider.

If you need longer to pay off the card, there are options, but you’ll pay a fee.
0% Purchases
A 0% purchase card, as its name suggests, gives you an introductory period where any spending on the card will be interest-free for up to 26 months.

This type of card may be suitable if, say, you need to make one big purchase - or a number of smaller purchases that you cannot afford to pay off straight away.

If the goods are worth over £100, the card provider will be jointly liable if things go wrong, such as the retailer going bust (under Section 75 of the Consumer Credit Act). So you have added protection on purchases too.
0% balance transfer and purchases cards (allrounder credit cards).
It’s typically considered wise to cut up your balance transfer cards once you’ve shifted any debt across – that way, you’ll hopefully avoid accumulating further debt.

But if you still need to spend on a credit card and you’re unlikely to be able to wipe out that debt immediately, there is another option – balance transfer and purchase cards. Key benefits:
  • The longest 0% periods are available from Balance Transfer and Purchase cards, so they may be cheaper
  • You only need to apply for one card, minimising the number of searches on your credit file
  • Your credit history may appear more stable as you will have fewer cards
But whatever you do, plan how you will pay back the debt. After introductory 0% periods end, credit card debt becomes expensive, and there's no guarantee you'll be able to switch to another offer.
Cashback, Rewards and airline credit cards
You will not typically be charged any interest for at least a month after you make a purchase by using a credit card.

You also receive greater protection on goods and services valued over £100 under Section 75 of the Consumer Credit Act. So, if you order something and the retailer goes bust, for example, you can claim your money back from the credit card provider.

But credit cards have plenty of other benefits.

For example:
  • Discounts in your favourite store
  • Free flights and companion vouchers
  • Cashback on your spending
As a general rule, the better the incentive, the higher the Representative APR will be. So you should ONLY consider a cashback or airline card if you will pay off the balance in full each month.
Credit builder credit cards
If you’re applying for your first credit card, or have a chequered credit history, you’ll probably find you have limited options.

You may have to consider a specialist card designed to stop you getting into serious debt – and build your credit score. Known as credit-builder credit cards, they can be a good option for people who don’t qualify for standard deals.

When building a good credit history, you need to be disciplined and demonstrate you can manage your access to credit responsibly.

For example:
  • Set up the direct debit immediately, to ensure you never miss a payment
  • Draw up a budget and never spend more than you can afford to pay off in a given month
  • Do not use more than 80% of the available credit in any given month
  • Pay off the card in full each month
The pros and cons of minimum payments
How do minimum repayments work?
The minimum credit card repayment is the lowest amount you can repay on your credit card each month and avoid breaching the terms of your credit agreement. If you fail to repay the minimum amount, you may face additional fees and charges.

Since 2011, the legal minimum that a credit card provider can ask you to repay each month is:
  • The interest owed for the month
  • Any fees and charges; plus 1% of the outstanding balance
While statutory minimum balance repayments are typically 1%, some credit card providers will set a slightly higher percentage.

For the majority of credit cards, the overall cost of the APR and the minimum repayment will usually equate to between 2 - 4% of the card balance each month. That’s outside of any 0% period where you will only have to pay either the statutory minimum or the percentage set by your lender.

Most cards will also have a minimum cash repayment (typically between £5 - £25). You pay whatever is higher – the minimum cash repayment or percentage repayment.
Dangers of minimum repayments It’s wise to wipe out debt quickly and as cheaply as possible. By making minimum repayments, the amount you repay each month will fall as your balance reduces – and it’ll take longer to clear.

You should avoid repeatedly making minimum repayments. They are an option for when you’re short of money. But only, ideally, for a limited time.

The more you repay, the quicker you’ll pay your debt off and avoid paying over the odds.

Instead of paying the minimum repayment, consider a slightly higher fixed monthly payment. You will repay the debt much faster, without noticing the impact in your pocket.
Impact on your capacity to get future credit
If you are applying for new credit - such as cards, loans or mortgages - lenders will perform a credit check.

This is done using one of the credit reference agencies: Experian, Equifax and CallCredit. From this, they will see your full credit history and whether you have missed payments or made minimum repayments.

If you have, for example, regularly made the minimum repayments, this may indicate poor financial management and that you cannot afford to repay your debts.
Dangers of minimum repayments on 0% purchase cards
When used as recommended, 0% purchase cards are the cheapest loans on the market – that’s if you pay them off by the end of the interest-free period.

The key is having a plan to wipe out the debt before the introductory purchase period has finished.

If you step outside the interest-free period, you may suddenly face hefty interest charges that will be added to your repayments – plus 1% of any outstanding balance. This could amount to an eye-watering three times more than the previous month’s minimum repayment.

Ideally, work out how much you need to repay your debt within the 0% period and make fixed monthly repayments.
Dangers of minimum payments on balance transfer cards
The longest balance transfer cards come with upfront fees that can be as much as 3% of the amount you are transferring.

If there is an upfront fee, you won’t repay any of the transferred balance in the first three months.

Similarly to 0% purchase cards, paying the minimum repayment will see maximum monthly costs rise and it’ll take longer to wipe out your debt. Try to repay your debt like a loan, at a fixed amount over the introductory period.
What if you cannot make the minimum credit card payments?
If you are unable to meet your minimum repayment, speak to the lender immediately. You may find that your provider offers useful guidance or even allows for a so-called ‘payment holiday’.

Some simple budgeting may help you find spare cash to pay off debts. But if you’re still struggling, you may wish to speak with your bank, or possibly a debt charity, such as Step Change (www.stepchange.org; 0800 1381111) or Citizens Advice (www.citizensadvice.org.uk).
A balance transfer card will allow you to move all or part of your existing debt from one credit card to another. Choose the right card and you could repay your debt faster and save £100s on interest charges!

If you're outside of an introductory period and don’t have a low interest credit card, chances are you’ll be paying from around 20% APR – and, on a balance of £3,000, this would equate to repayments of £900 per year.
In this guide
How do balance and money transfer cards work?
Once accepted for a balance transfer card, your debt will simply be moved to the new card. You are changing your provider, with your old card effectively paid off by your new card, and changing who you have to repay – often at 0%, or a far lower rate.

Money transfer cards are similar, enabling you to borrow at 0% for a certain period. However, you can use one of these cards to pay money directly into your current account, allowing you to pay off your overdraft or use the cash as you wish.
What credit limit should you aim for?
When applying for a balance transfer card you will be asked how much you want to transfer to the new provider. If your application is accepted, you’ll be given a credit limit – or the maximum amount you can borrow. This is set by the card provider.
However, if the credit limit on offer isn’t enough to transfer the whole balance, it may make sense to transfer as much of your balance onto the new card as possible. Cardholders are usually able to transfer between 90% to 95% of the credit limit – set at that level to ensure you don’t accidentally hit the limit and incur additional charges.
Which card should you choose?
There are a few things to consider when thinking about which balance transfer credit card is right for you.
Choose the right card issuer/provider
There are over 180 credit cards on the market, but only 29 card issuers. However, you are usually unable to move balances from one card to another within the same banking group – for example, NatWest and RBS. So before you apply, check you can move the balance. Being accepted for a new card will leave a mark on your credit record and may make it more difficult to get another card. Make sure it’s possible and worth switching before applying.
Eligibility checker
Unless you have extensive credit history and a squeaky clean credit score it is always worth using an eligibility checker first. This will tell you your chances of being accepted for a card before you apply, helping you make a more informed decision and avoiding a negative mark from a rejection on your credit report.
Which card will be cheapest?
To work this out you need to first consider how much you can afford to repay each month, and go from there.
Fees
Some all-rounder - otherwise known as 0% purchases and balance transfer cards - and balance transfer cards with a shorter 0% period, do not charge a fee for doing the balance transfer. However, the best all-rounder cards are usually only available to those with really clean credit files, so it is important to use an eligibility checker first.
Minimum repayments vs Fixed repayments
Minimum repayments should only be made as a short-term measure. Use them habitually and you keep yourself in debt for longer, pay more over time in interest, and could impact on your credit rating. Using balance transfer cards will also mean you need to continually move your balance to a new deal, potentially incurring additional transfer costs.
How to work out which card is cheapest
If you can pay off the card within the introductory period (usually around 2 years), you will not have to pay any fees at all.
  • Outstanding balance: £984.20
  • Introductory period: 18 months
  • Maximum affordable monthly repayment: £53.50
  • Monthly Interest = 2%
To try and calculate whether this no-fee card is going to be the cheapest could be challenging, but if you follow a few simple steps it’s easy enough.
Round the numbers and the calculations are much easier.
  • Oustanding balance £1,000
  • Introductory period: 18 months
  • Maximum affordable monthly repayment: £55
Split this sum up into chunks: 18 x £55=

Alterntatively:
  • ( £50 x 10 months) + (8 months x £50) = £500 + £400 = £900
  • (£5*10 months) + (£5*8 months) = £50 + £40 = £90
  • Estimated total paid off over 18 months: £990

Actual paid off: £983.40

There would be a balance of under £1 left at the end of the period. However, even if there were 1 month of interest at the representative rate, that’d amount to around 2% of the outstanding balance - and 2% of £50 is £1. So if you’re close to paying off the balance within the introductory period, you’d be better off with a no fee card.
Alternatively, if someone had a balance of £3,000 and could only afford to make monthly repayments of £110, a fee charging card over a longer period would be financially better - as the longest 0% deal with no fees is 20 months.
After 20 months they would have paid off £3000 - (20 x £110) = £2200, leaving a balance of £800, taking a further 7 months to pay off the remaining debt, even if there wasn’t any interest.
Remaining balanceMonthly Interest charge
Month 1£800.00£16.00
Month 2£706.00£14.12
Month 3£610.12£12.20
Month 4£512.32£10.25
Month 5£412.57£8.25
Month 6£310.82£8.25
Month 7£207.04£8.25
Month 8£101.18£8.25
Total interest paid £0 £73.20
However, with the interest, there is one more month and a total interest cost of £73.20.
Alternatively, taking a 28-month interest-free card with a 2% fee would have cost £60 upfront, but would have left you £13 better off.

The bigger the outstanding balance at the end of the fee free period, the more likely it is that a fee charging card will be best and the more important the standard APR will be.
Remember, you may not get the offer you applied for
Unfortunately, the rules around credit are such that provided 51% of applicants get the offer that they applied for, lenders don’t have to apply the same rules to the remaining 49%. This doesn’t mean 49% won’t get the deal, just that the lender doesn’t have to provide that offer.
This applies to the interest rates and the introductory offer period
Also, lenders can offer a shorter transfer period and different fees potentially making any calculations you’ve done in advance less useful.
However, some lenders have now chosen to apply fixed terms to their cards, ensuring that if accepted you’ll get exactly what has been advertised.
What you should I do if I don’t get accepted?
You may still be able to dramatically reduce the cost of your borrowing by getting a cheap personal loan. Assuming your affordability is good enough, you may be better off getting a £5000 loan - even if you only have £3000 of debt. That’s because the Representative APRs are so much lower at that higher level.
There may be early repayment charges, so if you don’t need a loan for the full amount, putting the remainder into a savings account and using a portion each month towards your repayment can reduce the total cost.

Yes. Direct Debits dramatically reduce the risk of you failing to make payments and stop your balances accumulating. you can set your Direct Debit as a fixed monthly amount, for example, or to wipe out any outstanding balance.

Yes. Credit card rules include making the “minimum repayment” amount each month. Failing to do so could result in any special introductory offer being removed, additional fees being charged or your balance moved onto a different, more expensive card. Failing to make a payment will also leave a mark on your credit file that will make it harder to get credit - and if you do, mean you will pay more for the borrowing.

The minimum repayment is the sum of any interest and charges accrued during the previous month, plus the higher of 1% of your outstanding balance or a figure determined by the provider (usually, a little more than 1%). Most providers will also have a monetary minimum repayment and if so, the minimum repayment will be the higher of the two.

The big issue with minimum repayments is that as the balance reduces, so does your monthly repayment, extending the time that you are in debt and therefore the amount of interest you will pay to your card issuer. This isn’t to say that minimum repayments aren’t useful - they can be if used sparingly to get you over a spending hump, such as Christmas. However, repeatedly making minimum repayments will leave a mark on your credit file and may also be seen negatively by lenders if you wish to borrow again.

This depends on your circumstances, but ideally you should always avoid paying interest and pay off as much of the balance as you can afford.

Beyond making the minimum repayment, it's always sensible to pay off the most expensive (card with the highest rate) first.

Card providers will use the information on your credit file, information that they already hold about you and the information on your form to determine whether they will lend to you. There are a number of key factors, so getting these in order is worthwhile before you apply:
Ensure you're on the electoral roll
If you have a lot of open credit cards, close a few of them
Try to avoid having too much debt as a percentage of either your salary or your available debt
Be consistent and honest on any applications (providers can check and estimate details)
If you have a good credit history, It may be as simple as the card issuer will not allow you to have more than one card on their files.

If you're in a position where you cannot afford to pay the minimum repayments, then you may wish to speak your provider about how to manage this. You could also contact a debt charity for help, such as Turn2us (Turn2us.org.uk), StepChange (stepchange.org) or Citizens Advice Bureau (citizensadvice.org.uk).

APR stands for Annual Percentage Rate, the annualised amount of Interest you will be charged as a percentage, rather than just a monthly fee. Ordinarily, an APR will only include the interest charges, but not any other fees and charges.
To level the playing field and allow you to easily compare products, the Representative APR includes those charges and the representative example will use an assumed borrowing figure of £1,200.

Not necessarily. Typically, only around 51% of accepted applicants receive the advertised offer. This means that, in theory, 49% of people could get a shorter introductory period and/or a different Representative APR (usually higher).
Whether you get the headline offer will depend on how the lender views you, using a combination of the information you provide and on your credit file.

As soon as you get any form of credit, a credit file will be opened on you by the credit reference agencies - Experian, TransUnion (formally Call Credit) and Equifax. In theory, all agencies should hold the same data on your file, but data doesn’t always flow through correctly, so the information they hold about you may be slightly different.
The CRAs interpret this data using their own algorithms and can present that back to you as a “credit score”. However, this score is merely their evaluation of the information and is not something that is used directly by lenders.
Knowing where you sit on the credit score spectrum is useful. It can help you to understand how you’re likely to be viewed by most lenders. Typically, the higher your credit score the more likely you are to get the headline offer, if you are accepted when you apply for a particular product.

Not necessarily. Each time you apply for a credit card will leave a mark on your credit file, but the occasional application is unlikely (subject to a few caveats) to make much of an impact.
However, if you apply for a number of credit products in quick succession, this may be seen as a sign of debt stress and that may raise red flags with lenders.
To avoid this, where possible always use an eligibility checker before making your application.

Yes - but provided you meet the lenders minimum income requirements - only indirectly. All lenders consider how affordable the debt or potential debt will be for you. To do this, they typically use third party data to calculate your living costs - including the costs of your existing debt - to work out your disposable income. The more disposable income you have the bigger the credit limit you are likely to get.
If you have an average credit score with a few blemishes on it, but significant disposable income, you may be accepted for products with a reasonable credit limit. However, you're less likely to get the headline rate than someone in a similar position with an unblemished credit file.

There isn’t a definitive answer. This depends on your particular circumstances and each lender has its own rules.
However, if you think about this from a lender's perspective, you will likely make the right decision.
For example, let's say you've had a card for many years and slowly accumulated a balance, which you then transfer. Financial stability and account age is perceived as a positive, so leaving that card account open may be a good thing to do.
However, if you have 10 credit card accounts that haven’t been open for long, but cumulatively add up to a large credit limit, then closing a few of these is likely to be helpful as when you apply for future credit. The new lender will be able to see how many credit accounts you have, how many are in regular use and your cumulative credit limit.
If a lender judges that the cost of your existing credit card debt exceeds a certain percentage of your disposable income, they may reject you.

If you are sure you will pay off your credit card in full each month then a reward, cashback or airline card will probably provide the best value. Be careful though, as the cards offering the best rewards may also charge the highest rate, so if you don’t pay them off any rewards will be quickly eroded. If you want to make purchases beyond your monthly budget, a purchases card with an introductory 0% interest period will give you up to 2 years to pay off the debt without paying any additional charges. If you've already built up a debt on a credit card, a balance transfer card with an introductory 0% period will allow you to cut the cost of your borrowing. However, the longest 0% deals have an upfront fee. If you have built up a balance, it is usually best to cut up the card after transferring to avoid any temptation to rack up more debt. If you have an overdraft or another expensive debt, a money transfer card will allow you to move money from your credit card to your current account to pay this off. It's a card that transfers money into your bank account. You typically borrow at 0% for a period, but pay a fee.

If you are accepted and the card issuer is confident there is no risk of fraud, some providers will provide a virtual card, so you can start spending immediately.
Otherwise, applications normally take a few days to a week. That's assuming that the lender doesn't require any further documentation from you.

All credit cards provide you with at least a month of interest-free credit, allowing you to delay payments until you get paid or leave money in savings for this period.
Credit cards provide you with "Section 75" protection under the Consumer Credit Act. This means that the card provider will be jointly liable for any issues you have with products and services purchased with your card. So you may be able to claim back from your card provider or ask them to negotiate with the supplier on your behalf for any breach of contract of misrepresentation.
Assuming you don't go over your credit limit, repay your card balance each month and build up a steady credit history, having a credit card should enhance your credit score. This may give you access to cheaper credit in the future, and make it easier when applying for mortgages.

We have a credit cards data feed from the data specialists defaqto. They provide us with over 100 daily updated data items that we use to compile or Credit Card listings on Everything Financial.

Defaqto have a team dedicated to ensuring the information that they provide to us and others is accurate. However, it is your responsibility to check the details of any products and services on the Provider’s site before you apply

Getting data from defaqto, running servers and employing a team to run the website costs money. So, like almost all other comparison sites we list the best “affiliated” links first for each credit card type and then the unaffiliated links after this.

Within the credit cards section you can either filter and sort all the results or evaluate the best card for you according to each card type. To allow you to make an informed choice we have included additional information about each credit card below the listing that includes:
Dropdown info
  • Monthly or annual fees
  • Introductory cashback, purchases, balance/money transfer offers
  • Incentive scheme information including introductory points offers
  • Whether the card has Free international spending
  • Any purchases, balance transfer,
  • Main credit cards page
    The main credit cards page provides you with every credit card that we get in our feed from Defaqto. The results set is initially ordered by the Defaqto star ratings (descending) and then by the Rep. APR ascending.
    The main listing information contains:
    Provider | Product | Introductory offer BT or Purchases offer | Fees | Eligibility Check | Defaqto star rating

    Airline cards
    The best 'value' airline cards are best suited to be big spenders who repay their cards in full each month and are usually the ones with the highest fees, so almost counter intuitively we have ordered the airline cards by their annual fees descending and then by the Representative APR (also descending).
    Balance transfer cards
    The balance transfer listings page is initially ordered by the lowest cost of clearing a balance of £3,000 with a fixed monthly repayment of £110. The listings information is The results can be further sorted and filtered to:
    • Display the results ordered by the longest balance transfer period
    • Cards without a balance transfer fee (the best option if you can repay the debt within that introductory period).
    • Balance transfer cards for those with impaired credit
    Cashback cards
    As there are only 21 cashback cards on the market, we have not provided any additional filters and have ordered the listings according to the highest standard cashback.
    Credit building / poor credit, credit cards
    There are 38 different credit cards that are have been designed for consumers who have blemishes on their credit files, but only 13 different providers, each with multiple brands. To make comparison easier we have grouped all the cards by each provider and included the card Issuer in the listings, so you can see who you are really applying to for each card, the credit limits available and whether you can check your eligibility before you apply.
    Purchases cards
    To best evaluate the value of purchases cards, there are a few factors that may be worth consideration:
    • The introductory purchases period: how long you before you will have to pay any interest on the balance accumulated during the introductory period
    • The Rep. APR: The rate of interest that will be charged on any remaining balance after the introductory period has finished
    • Rewards: Additional perks from spending on the card
    Compare purchases cards
    Reward cards
    Reward cards come in various shapes and sizes (metaphorically these days), fortunately if you remember the 'mint card' of old with its curved edge that repeatedly got stuck in ATMs.

    Some of you will know that you are looking for Airline cards or cashback cards, but if you don't being able to compare all the different reward cards in one place may be useful.
    The listings on rewards cards therefore include:
    • What 'type' of rewards are associated with each card
    • Fees: Are there annual or monthly fees you have to pay for having the card
    • Can you check your eligibility before you apply
    • Defaqto expert rating

    How have you calculated the cost of borrowing on balance/money transfers To provide an indicative understanding of which card may be best for you, we have provided the following calculation:
    Balance: £3000 + (any upfront fee) Monthly repayment: £110 (less interest accrued in the previous month)
    This calculation assumes that you will not do any other spending on the card. To help yourself avoid the temptation of spending on your new card, you may want to consider taking the scissors to it straight away!
    If you are unsure which card is going to be best for you, a quick way to estimate this is to divide the total balance by the amount you can afford to repay each month, if it is more than less than 24 months, a fee free card will probably be cheapest and if it is more than 34 months, then you will almost certainly be best off with the longest possibe balance transfer with a fee.

    We aim to include all the credit cards in the defaqto data feed, but will not include any that are missing key regulatorily required information such as the Representative APR.

    When analysing the data to compile our listings we could see that there were only a small number of providers offering a number of very bad credit / credit builder products. To make comparison easier for you, we determined that consolidating the into one listing per provider would be easier.

    Defaqto have a set of criteria that they use to determine how good or otherwise different credit cards are, by rating all the different features and costs. A 1 star product, isn’t necessarily a bad product, merely a limited product.

    You can see all every credit card's defaqto rating on the main credit card page and can filter the results to more easily see features of interest to you.
    However, when deciding which is the best card for a particular purpose, an aggregate score of all the card's features is not as relevant. We have therefore changed the information displayed to allow you to compare that type of credit card more easily.

    About everything financial

    We are everything financial and the website you are on is a free, online comparison service. We exist to make finding a financial product or financial advice easier.

    Data you can Trust

    Making a fair comparison only works with accurate trustworthy data. We have partnered with financial data experts Defaqto who have a team dedicated to ensuring every data point you see is accurate.

    FCA Regulated

    Everything Financial is regulated and authorised by the Financial Conduct Authority. This website is a free comparison site that has been designed to help you make informed decisions about financial products.

    Financial Experts

    The Senior Management team is comprised of respected Industry experts who both understand financial services, but are also committed to helping you choose the best value products in the market for you.
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