There may be a one-time transfer charge when moving money across cards. The fee is generally stated as a percentage of the amount you are transferring and varies depending on the card. Therefore, even though there is a very long 0% interest period for balance transfers for new cardholders, there will still be a balance transfer fee.

After you’ve gone through the application process and sent all your information and documents, you’ll need to wait for a response. So, if you get approved to get this card, you’ll be able to create a login and start using your account with the credit card features.

Balance transfer cards work normally in the UK. So, it is possible to move the balance of one credit card or loan to another credit card. Transferring balances from a card with a higher annual percentage rate (APR) to one with a lower APR will help you pay less interest overall.

0% interest on a debt transfer credit card may sound like a great deal, but the longer the offer is valid, the more likely the upfront fee will be. Therefore, if you think you can pay off your debt in five months, for example, you could be better off going with a shorter term deal. You also need excellent credit in order to qualify for most long-term 0% deals.