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Santander Everyday Credit Card - Balance Transfers – 18mths 0%, no fee (18.9% interest after)
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Santander Everyday Credit Card - Balance Transfers – 18mths 0%, no fee (18.9% interest after)

4
Posted 14th Jun
I'm on the lookout for a balance transfer credit card since my current deal ends next month

All the best deals on HUKD seem to have expired

I did post an MBNA deal a few week ago that got quite hot. Its was 0% for 30 months, No fee but it did have a hefty 2.5% minimum monthly payment which made paying off any balances quite pricey.

RBS/Natwest have good card but they're for existing customers only. There are ways around this if you can be bothered to open up an ISA.

This Santander card however does not require you to be an existing customer.

What you get:
0% interest on balance transfers for 18 months from account opening with no balance transfer fee.
0% interest on purchases for 3 months from account opening

Eligibility:
You’re 18 and over and live in the UK permanently
You have an income of £7,500+ per year
You don’t have another Santander balance transfer credit card
All credit is subject to status and credit checks

Representative example:
Representative 18.9% APR (variable)
Assumed credit limit £1,200
Purchase rate 18.9% p.a. (variable)
Monthly fee £0
You can transfer balances from £100 up to 95% of your credit limit.

The minimum payment amount will depend on what the balance is on your statement and any charges due. First, all fees and interest charges will be calculated – this includes any account fees and late payment fees. Then 1% of the remaining balance is added to any fees and interest charges to give a total minimum repayment. This is a minimum of £5. I did a soft credit check and it gave me an interim credit limit of £5900 which would be about enough for me.

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I hope this deal works for some. If you know of any better deals then please post!
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4 Comments
Applied for this couple months ago - very quick and easy. Managed to get a decent credit limit also
In the day of low interest rates don't think it's such a bad idea to have managed debt but as always make sure it's managed
Old news iam afraid. Has been MSE best BT card for over a year now
Gods_Assassin14/06/2020 09:31

Applied for this couple months ago - very quick and easy. Managed to get a …Applied for this couple months ago - very quick and easy. Managed to get a decent credit limit also In the day of low interest rates don't think it's such a bad idea to have managed debt but as always make sure it's managed


It's otherwise actually in good old days, having ~10000 on these cards used to pay your energy bill (5% interest on 10K)

!generation!
Palwan14/06/2020 10:03

It's otherwise actually in good old days, having ~10000 on these cards …It's otherwise actually in good old days, having ~10000 on these cards used to pay your energy bill (5% interest on 10K)!generation!


just to double check I am reading this right, those good ol days are gone now, right? 5% interest on 10k sounds incredible & I'd jump on that in a heartbeat if it was possible today
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