Balance Transfer Credit Cards

If you are looking for the best balance transfer credit cards then we an exclusive range below.

Balance transfer credit cards refer to credit cards that allows you transfer a balance from an existing credit cards and, sometimes, from your bank account or even to write a credit card cheque. Usually, when people are referring to balance transfer credit cards, they mean credit cards that allow you to make this balance transfer at either a 0% interest or a discounted interest rate. These discounted interest rates run for a fixed period of time, usually ranging from 3 months to 15 months. For additional information on Credit Card Balance Transfers, read out article Balance Transfers Explained.

• Editor's Choice

	Best Balance Transfer Credit Card The Virgin Credit Card offers 16 months 0% interest on balance transfers and 3 months 0% interest on new purchases.
	Get Reward Points with the MBNA Rewards Credit Card Credit Card, which can be exchanged for Travel, Entertainment, Shopping, Wine & Cash.
	The MBNA Platinum Plus Credit Card offers 0% on balance transfers until June 2010 and 0% on new purchases until August 2009.
	The Virgin Atlantic American Express White Credit Card offers Virgin Atlantic Flying Club miles, 3000 bonus miles on your first spend, upgrades and more.
	The Virgin Atlantic American Express Black Credit Card offers Virgin Atlantic Flying Club miles, 3000 bonus miles on your first spend, upgrades and more.
	The MBNA Business Credit Card offers 0% interest on balance transfers for 12 months and 0% interest on new purchases for 3 months.

When making these discounted balance transfers, you will usually be charged a balance transfer fee (typically around 3%) so you should include this in your overall calculations, when weighing up the benefit of transferring the balance to a credit card.

Credit card issuers often charge a higher than average interest rate on balance transfer credit cards, once the discounted interest rate period has finished. When transferring a balance to one of these cards, you should consider what you will do when the discounted period is over as, leaving the balance on the credit card, will quickly outweigh any benefit of the discounted period. Some people move balances around from one interest free credit cards to another and this is called Stoozing. For more information on Stoozing, read our article Make money from your Credit Card.

Not all credit cards will allow you to transfer money to your bank account at a discounted rate, so you should check the credit card's terms and conditions if you are looking to do this. A credit card cheque is a special cheque that may be provided by the credit card issuer and this allows you to write cheques rather than using your credit card. In some instances, these cheques may be available at your discounted rate; however, usually, they are treated as cash advances and attract a high rate of interest. As with transferring money to your bank account, check the terms and conditions before using these cheques. If you are looking to transfer money in to your bank current account, then take a look at the MBNA Platinum Plus Credit Card.