A new balance transfer card pays off existing store/credit card debt, so you owe it instead but at 0% - and it helps you get debt-free quicker, as repayments cover debt, not interest. Via our link, this new HSBC card will give a big £50 cashback if you shift at least £1,500 to it, and with a lowish 1.4% fee the cashback beats the fee cost on transfers up to £3,500, so you'd profit.
Will you be accepted? Don't just apply - our Balance Transfer Quick Eligibility Calc shows which cards you've best odds of getting, or our FULL Credit Club gives your free Credit Report and Credit & Affordability Scores too. Both do a 'soft' search on your credit file that lenders can't act on, so there's no impact on your creditworthiness. And for some cards the calcs show which providers 'pre-approve' you - ie, will definitely give you the card, subject to passing an ID check.
Not bad its bigger cashback than the Barclaycard but a larger fee of 1.4% and also minimum of £1500 while barclays one was only £500 minimum and a .6% fee!
Could suit some if transferring less than £3500