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