Cards With Now Balance Transfer Fees

Act now to clear credit card debt

Don't let those ambitious plans you made at the start of the year to slash your debts go stale. Now is the perfect time to get on top of those credit card bills - here's how to do it...

If your New Year's resolution was to beat this sleep-depriving debt once and for all, then don't put it off any longer - follow our top tips and watch your debts shrink...

If you feel as though your repayments get swallowed up by the interest you pay then you're probably right.

With the average credit card rate at 18.17% , that means a £2,000 debt costs £28 a month in interest alone, before you've even started to repay the balance.

But, by moving to a credit card that offers new customers a lengthy 0% introductory period on balance transfers, all your repayments can be ploughed into the actual debt.

The market-leading Barclaycard Platinum card offers an impressive 17 months at 0% on balance transfers. This means that you could save £512.80 on a £4,000 credit card debt over 12 months, assuming you paid a 3% balance transfer fee and made the minimum repayments of 2.5%.

If you've decided to switch then you'll want to find the longest 0% deal that you can - but it's important to be realistic about the kinds of cards you can qualify for.

The very best deals are only available to borrowers with great credit histories, who meet the lenders' stringent criteria.

Because of that, it makes sense to have a realistic idea of what cards you can qualify for before you apply. After all, make several rejected applications and your credit score will be lowered.

There are two ways to do this. One is to get hold of your credit file and see how you look to lenders. Then you know whether or not you're in a position to apply for the very best balance transfer cards.

Alternatively, the moneysupermarket.com Smart Search tool runs a soft search on your credit file, which doesn't harm it. It then shows you the top cards and how likely or not you are to qualify.

Discover More Card No Balance Transfer Fee

I was pumped to see this offer as I have some debt that I would love to transfer over! However, I was declined even though I have decent credit. Obviously I don’t have the best credit out there since I have accrued some debt. Any tips how to get approved? By calling them maybe? Or any other transfer balance cards that are easier to get approved by?

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