Balance Transfer Credit Cards

Balance transfer credit cards offer a way to move existing debt and avoid paying unnecessary interest.

Portify is not a comparison site - this means that we won’t recommend specific credit cards and never accept money from anyone to influence what we write.

How do balance transfer credit cards work?

A balance transfer credit card allows you to move existing balances from one or multiple credit cards onto a new one with a low or 0% interest rate for a certain period of time.

Interest free period and low APR rates after the interest free period has ended 

A balance transfer credit card can give you over a year interest free. That's no interest for a whole year! But make sure that after the 0% interest period has ended you aren’t being charged high interest afterwards.

Get lower APR rates by building your credit score.  

Rewards programmes and cash back

Balance transfer credit cards can offer rewards and cash back programmes. This will mean you get rewards for simply using the card responsibly!

Learn more about rewards and cash back cards here! 

No balance transfer fees 

If you have to pay a balance transfer fee it may take you longer to make up the difference. If you have a balance transfer fee of £90, for example, but an interest free term of 6 months, you need to make sure that you’ll make the £90 back in that time or you’ll end up paying more for transferring your money.

Equal or higher credit limit
You don’t want to only transfer a bit of your money if you can transfer it all. To keep things simple and straightforward it would be better if you could move the balances from all your other cards into one place. 

Get a higher credit limit by building your credit score.

Build your credit score to get better credit card rates

Portify offers a new way to build credit. Signing up takes under 3 minutes and there’s no credit check, interest or APR.

Download the app to build your credit score with all major UK Credit Reference Agencies and see and track your credit score.

Memberships start from £5/month.

Build your credit score to get lower APR

Improving your credit score will unlock opportunities to get better credit cards. Getting better credit card offers means lower interest rates and first-rate rewards offerings.

How to Build Credit the Right Way: Our in-depth guide to credit building.
8 Ways to Build Your Credit Score You Didn’t Know About: Dig into some of the more unconventional ways to give your credit score a lift.
The Electoral Roll and Your Credit Score: Learn how registering to vote can help raise your credit score.