What is a Balance Transfer?

Transferring balances has become a popular and easy way to consolidate multiple card balances in one place, while simultaneously making significant savings on interest payments.

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Why do I need Credit?: There are a number of benefits associated with paying by credit as opposed to cash or cheques:
Am I Eligible To Apply For A Card?: If you meet the following criteria then you are eligible to apply for a credit card in the UK:
What happens when I apply online?: Many online applications will result in a provisional decision within 20 seconds.
Why is it worth making a Balance Transfer?: If you have a large outstanding balance on one or more credit and store cards – you will undoubtedly be able to save money by transferring your balance to another credit card.
My Credit Card is lost or stolen. What should I do?: If you cannot find your credit cards you need to report them as lost or stolen using the emergency number provided by your credit card issuer, this will be a 24 hour/365 days a year number. If you have more than one credit card you will need to ring all the separate companies.

You can transfer a balance onto your credit card from other credit cards or store cards at any time. This transferred balance will be treated separately to your purchase balance in terms of interest charged – though they will normally show as one whole amount on your credit card bill.

All you have to do is either complete a balance transfer form online, or call your credit card company - stating the account number you wish to transfer your balance from or to, and the amount of the balance you would like to transfer. The process is not immediate, and you need to allow up to a week for the transfer to go through.