Credit Card Questions & Answers

Can I still get a no fee balance transfer deal?
While the number of credit cards available on the market offering no fee balance transfer deals has dropped dramatically over recent years – if you do your homework it is still possible to find the odd fee-free deal here and there.

No fee balance transfer deals can still be found on life of balance transfer credit card offers, which give a promotional lower rate of interest on balances transferred to the card during an initial ‘window-period’ until they are repaid in full.

Comparing the differences in the costs of each offer based on how much you want to transfer and how much you can pay back each month will give you a much better idea of whether to opt for a 0% rate with a fee or no fee and a low rate of interest.

Which is better a no fee balance transfer or a 0% rate?
Deciding which type of balance transfer is going to be most beneficial for you and your finances comes down primarily to a matter of costs. You need to take into consideration the factors of cost between the two types of offer, in this case the cost of transferring to a 0% rate against the cost of interest on a no-fee deal.

To answer the question in full we've provided an example illustration to show how the costs of each type of balance transfer weigh up.