The Best 0% Balance & Money Transfer Credit Card deals for Jan 2014 - MBNA, Lloyds, BoS, Barclaycard, Halifax, Tesco + £25 cashback
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The Best 0% Balance & Money Transfer Credit Card deals for Jan 2014 - MBNA, Lloyds, BoS, Barclaycard, Halifax, Tesco + £25 cashback

31
Found 29th Dec 2013
As we approach January, this is typically the time when most people will look to review their finances after a period of festive spending. Here is a list of current best credit card deals to help with your finances from January 2014. Deals and links posted in first comment which includes:

Best 0% Money Transfer Offer - MBNA
Best 0% Balance Transfer Offer - Lloyds/BoS
Best Longest 0% Balance Transfer Offer - Barclaycard
Best Lowest Fee 0% Balance Transfer Offer - Halifax
Best 0% Purchase Card Offer - Tesco

Info is also provided on new to credit/bad credit, existing customer offers and checking your eligibility.

31 Comments

Original Poster

Best 0% Money Transfer Offer: MBNA has just launched a new deal with their Platinum credit card giving:

- 0% on money transfers for 29 months (4% fee). This is the longest ever money transfer offer. Typically credit cards do not allow you to transfer cash into your bank account, but MBNA do.
- The card also gives you 0% on balance transfers for 29 months (2.89% fee) to transfer existing credit card and store card debts.

MBNA Link: mbna.co.uk/cre…rd/

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Best 0% Balance Transfer Offer: If your looking purely to undertake a balance transfer the best current deal combining length and low fee is Lloyds or Bank of Scotland Platinum card:

- 0% on balance transfers for 24 months, 1.5% fee (fee initially charged at 3%, then reduces to 1.5% fee after refund).
- Plus go via moneyexpert.com and get £25 cashback (possible to make a profit depending on the amount you are borrowing).

Lloyds Link lloydsbank.com/cre…asp
Bank of Scotland Link bankofscotland.co.uk/cre…ard
Money Expert Link moneyexpert.com/cre…fer

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Best Longest 0% Balance Transfer Offer (updated 02/01): If you are after a longer balance transfer than 24 months, the best longest balance transfer offer is Barclaycard Platinum card:

- 0% on balance transfers for 30 months, 2.89% fee (initially charged at 3.5%, then reduced to 2.89% after refund)
- Plus go via moneyexpert.com and get £25 cashback

Barclaycard Link barclaycard.co.uk/per…fer
Money Expert Link moneyexpert.com/cre…fer


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Best Lowest Fee 0% Balance Transfer Offer: If you want to borrow for a short amount of time then the best buy is the Halifax all in one card:

- 0% on balance transfers for 15 months, 0.8% fee (initially charged at 3.0%, then reduced to 0.8% after refund)
- 0% on purchases for 15 months
- Plus go via moneyexpert.com and get £25 cashback (possible to make a profit depending on the amount you are borrowing).

Please note MBNA has a lower 0.75% fee for 0% on balance transfers for 12 months however the cashback offer for Halifax via Moneyexpert makes this a better deal.

Halifax Link halifax.co.uk/cre…rd/
Money Expert Link moneyexpert.com/cre…ses

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Best 0% Purchase Card Offer: Although not the longest 0% purchase credit card in the market, the best deal due to the rewards and purchase offer is Tesco credit card:

- 0% on purchases for 16 months
- Earn clubcard points on your purchases
- Plus go via moneyexpert.com and get £25 cashback

Tesco Link tescobank.com/cre…tml
Money Expert Link moneyexpert.com/cre…ses

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New to credit/bad credit: A number of providers specialise in the new to credit/bad credit cards e.g. you have been previously rejected for loans/credit cards. Key providers include Capital one, Vanquis, Aqua (SAV credit) and Barclaycard.

Before you decide to apply for a credit card assess whether a credit card is the answer. Here's a couple of useful guides to help you including info on how to improve your credit rating:

- capitalone.co.uk/cre…jsf
- barclaycard.co.uk/per…nce
- moneysavingexpert.com/loa…ore

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Existing Customer Offers

The deals listed in this post are for new customers. If you are an existing customer with one of these providers and want a better deal you have a couple of options:

- Phone your existing provider and quote the new customer offer and see what they can do to improve on your existing deal e.g. extension of 0%, cut in interest rate etc Typically if you go through to a dedicated cancellations team they will offer incentives to keep your business.

- Look to go with a new provider on a new customer deal and cancel your existing card

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Checking Your Eligibility Before You Apply

Remember that every time you make a credit card application this impacts your credit score e.g. if you get rejected this goes on your credit file and could impact your ability to get future credit.

If you have any doubt that you will get accepted for any of the cards listed above use the credit card eligibility tool which gives
a likelihood of being accepted across providers (is not pre approval)

Eligibility Checker Link moneysavingexpert.com/loa…ore

Last updated: 02/01









Edited by: "Chanchi32" 3rd Jan 2014

In before the "if you can't afford to pay cash you can't afford it" cries.

I have been a card tart for years but these days if you have cash and are using cards just to profit from the interest it's hardly worth the hassle.

I'm spending over 400 on fuel a month and get the max £9 cashback from Santander 123 and I see it as all helping. I pay back in full each month and would never balance transfer though.

I have just signed up for LUMA credit card with 4% cashback on 1st £250 per month. Just in supermarkets, Iceland & petrol stations. Every little helps. Credit £500 to £1500 only. This was 2 months ago. luma.co.uk/cas…rd/


Original Poster

Doubting Thomas

I have just signed up for LUMA credit cart with 4% cashback on 1st £250 … I have just signed up for LUMA credit cart with 4% cashback on 1st £250 per month.



I signed up for the Gold Amex charge card last month, deal posted by escortboy - already £200+ up :

£60 topcashback
£100 points bonus based on £2k spend
2 Trip Advisor reviews £5 statement credit - £10 (submitted two based on additional cardholder)
2 Tesco statement credit (2x£5 credit based on additional cardholder)
2 Free airport lounge passes
1 free personalised calendar worth £20
No annual fee (usually £120)

Plus Multiple Amex cards came in useful for the Amazon/M&S bespoke offers


Edited by: "Chanchi32" 29th Dec 2013

Good to know info! Thanks OP!

Earlier in this summer I got my Capital One Classic Extra credit card. It gives me 0.5% cashback on any purchase transaction. I pay back in full every month, so I will receive a £10 bonus a year on top of the cashback. Also this card has 0% commission on purchases in foreign currencies, with probably the best conversion rates, too.
This card suits new or average credit histories.

Here is a direct link to read and apply: capitalone.co.uk/cre…jsf
I found this offer via moneysavingexpert.com

I tried to get a credit card last year. My bank declined me (Halifax) and gave me a £3,000 overdraft instead. Personally I'd rather have a credit card my credit rating is 800 and I have never made a payment late. How can I get a decent credit card ?

Edited by: "AStonedRaichu" 29th Dec 2013

Doubting Thomas

I have just signed up for LUMA credit card with 4% cashback on 1st £250 … I have just signed up for LUMA credit card with 4% cashback on 1st £250 per month. Just in supermarkets, Iceland & petrol stations. Every little helps. Credit £500 to £1500 only. This was 2 months ago. http://www.luma.co.uk/cashback-credit-card/

Not available till possibly after New Year!

AStonedRaichu

I tried to get a credit card last year. My bank declined me (Halifax) and … I tried to get a credit card last year. My bank declined me (Halifax) and gave me a £3,000 overdraft instead. Personally I'd rather have a credit card my credit rating is 800 and I have never made a payment late. How can I get a decent credit card ?



Got any credit agreements in the past? mobile etc they like to see some history of repayment.

Excellent post.
Thankyou.

thanks OP. 2014 is the year I want to be credit card debt-free, and a balance transfer will help this!
Edited by: "madcap" 30th Dec 2014

Worth noting that the MSE eligibility checker doesn't include the MBNA Platinum card.

Just applied for MBNA platinum and been given 3800 credit limit (asked to transfer 3500 durring aplication) for 28 months 0% ,Nice1 OP thats my debt sorted.

Just applied for MBNA platinum and been given 3800 credit limit (asked to … Just applied for MBNA platinum and been given 3800 credit limit (asked to transfer 3500 durring aplication) for 28 months 0% ,Nice1 OP thats my debt sorted.



Hey. I was accepted and given a £4700 limit but three hours later no confirmation email.

Did you receive your confirmation email straight away?

Treab

Got any credit agreements in the past? mobile etc they like to see some … Got any credit agreements in the past? mobile etc they like to see some history of repayment.



4 Clean Closed Accounts (No debt and within the lenders agreement)
Yorkshire Bank Current Account
Three Mobile Contract
Three Sim Only Contract
Virgin Media (£300 Limit?)

5 Currently open credit accounts
Halifax Current Account (£3000 Overdraft)
Three Mobile Contract
Tmobile Sim Only (2 of these)
Orange Mobile Contract
TalkTalk

Tried Halifax and Capitol one, both declined me for a credit card. Is my available credit too high? i dont have a clue. credit checked myself and it came back as 800. Help? I'm on the electrol role also and have been with the same bank for 19 years.

Chanchi32

I signed up for the Gold Amex charge card last month, deal posted by … I signed up for the Gold Amex charge card last month, deal posted by escortboy - already £200+ up :£60 topcashback£100 points bonus based on £2k spend 2 Trip Advisor reviews £5 statement credit - £10 (submitted two based on additional cardholder)2 Tesco statement credit (2x£5 credit based on additional cardholder)2 Free airport lounge passes1 free personalised calendar worth £20No annual fee (usually £120)Plus Multiple Amex cards came in useful for the Amazon/M&S bespoke offers




How did you get the free calendar?

Original Poster

BigMonster1

How did you get the free calendar?



It was an email I got with a unique personalised code:

"Ever wondered what to do with all those wonderful photos from your travels? Now, as a sincere thank you for being a Preferred Rewards Gold Cardmember, we’ve arranged a complimentary Photo Calendar featuring your favourite photos, on us.

We’ve partnered with PhotoBox to enable you to upload your own photographs for every month of the year, creating a personal Photo Calendar of all the people, places and things you care about most.

Worth up to £25, it’s an ideal gift or a treat for yourself and can be delivered anywhere in the UK – post and packing included with our compliments. Order by 14 December 2013 for delivery in time for Christmas."

saving for later

Nice post this OP have some heat.

AStonedRaichu

4 Clean Closed Accounts (No debt and within the lenders … 4 Clean Closed Accounts (No debt and within the lenders agreement)Yorkshire Bank Current AccountThree Mobile ContractThree Sim Only ContractVirgin Media (£300 Limit?)5 Currently open credit accountsHalifax Current Account (£3000 Overdraft)Three Mobile ContractTmobile Sim Only (2 of these)Orange Mobile ContractTalkTalkTried Halifax and Capitol one, both declined me for a credit card. Is my available credit too high? i dont have a clue. credit checked myself and it came back as 800. Help? I'm on the electrol role also and have been with the same bank for 19 years.



Done many credit checks recently? via mobile/credit card that can damage your credit rating.

Little help.

26 year old looking to purchase a house soon. Looking for a card to buy any necessities on or emergencies. I am wanting one where there are no interest or charges on purchases. What should I look for and which is the best?

Original Poster

SixFeet

Little help.26 year old looking to purchase a house soon. Looking for a … Little help.26 year old looking to purchase a house soon. Looking for a card to buy any necessities on or emergencies. I am wanting one where there are no interest or charges on purchases. What should I look for and which is the best?



Sounds like you are looking for a 0% purchase card. A couple of options

- Santander have just launched the longest 0% purchase card (0% for 18 months)
santander-products.co.uk/cre…ase

or

- If you are happy with 16 months 0% on purchases and want Tesco clubcard points on your spend go with Tesco purchase credit card. If you go via Moneyexpert you can also get a possible £25 cashback
moneyexpert.com/cre…ses

Hope this helps

Edited by: "Chanchi32" 4th Jan 2014

SixFeet

Little help.26 year old looking to purchase a house soon. Looking for a … Little help.26 year old looking to purchase a house soon. Looking for a card to buy any necessities on or emergencies. I am wanting one where there are no interest or charges on purchases. What should I look for and which is the best?



If it's something you can't pay using card [e.g., stamp duty] you can get an MBNA balance transfer card, do money transfer [from card to your bank account] for a 4% fee and enjoy for about 20 months.

This is so much better than getting a loan, the cheapest loan going for 4.8 APR !
The only downside is that you need to organise your finances so that you're able to clear the outstanding balance just before the 0% interest promotional period expires.

adeelmpk

This is so much better than getting a loan, the cheapest loan going for … This is so much better than getting a loan, the cheapest loan going for 4.8 APR ! The only downside is that you need to organise your finances so that you're able to clear the outstanding balance just before the 0% interest promotional period expires.


or surely transfer the remaining to another 0% card

Hi been accepted for barclaycard, how do I get the cashback from money expert?Got an email saying I need to send a copy of the credit card letter. Was in my junk folder sounds dodgy to me!!!!

Banned

how's the cash advance work then?

Banned

Money Transfers
Transfer funds from your credit card account to your current account - enjoy 0% interest for 29 months from account opening (4% handling fee). This offer applies to money transfers made within the first 60 days.

Thanks for this Chanchi32, very useful as I'm looking to make a money transfer soon to buy a new car

Original Poster

Edward_Nigma

Thanks for this Chanchi32, very useful as I'm looking to make a money … Thanks for this Chanchi32, very useful as I'm looking to make a money transfer soon to buy a new car



No problem.

The post is a bit outdated now but MBNA still offer the best deal if you are after a money transfer.

If you are after a balance transfer the new Nationwide 0% for 26 months with a 0.75% fee is the best deal currently. Go via Moneyexpert for £25 cashback moneyexpert.com/cre…rds
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