Longest Balance Transfer Credit Cards (up to 42 months)

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As discussed in a previous post, loans are currently at fantastically low interest rates (thanks in part to the historically low bank interest rate and the increasing competition in the market). However, it is possible to get an even cheaper “loan” by using one of the current long-term 0% balance transfer offers on credit cards. Currently the longest one available is a jaw dropping 42 months. Granted it comes with an initial 4% fee but when you work out the effective APR over the 42 months, this is considerably cheaper than the equivalent best loan.

Check out the current best picks:

CARD

0% LENGTH
(APR AFTER)

FEE

Sainsbury’srequires Nectar card

42mths 0% (18.9%)

4% (min £3)

NubaYou may get fewer 0% months  

Up to 41mths 0% (20.9%)

3.49%

Virgin Money

40mths 0% (20.9%)

1.99

Lloyds – you may get fewer 0% months

Up to 40mths 0% (18.9%)

2.39%

BarclaycardYou may get fewer 0% months

Up to 32mths 0% (18.9%)

0.68%

HSBC 

32mths 0% (18.9%)

1.4% (min £5)

Halifax – May get fewer 0% mths

Up to 25mths 0% (18.9%)

NO fee

Virgin Money 

24mths 0% (19.9%)

NO fee


Blog Posted: 21st October 2016


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