Compare money transfer credit cards

You could save money clearing an overdraft with one of these money transfer cards by transferring funds to your bank account, often interest free.

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See your chances of acceptance before you apply

How this works
29 results found, based on transferring £3000 and paying £160 a month. Sorted by payment term and costs. Find out more about how our calculator works and how we order our comparisons.
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MBNA Long 0% Money Transfer Card
Money transfers
0% for 18 months
Money transfer fee
2.99%
Representative APR (variable)
22.9% APR
Pay the balance over
20 months with fees & interest of £94.27
Balance Transfers and Money Transfers must be completed within the first 60 days to get the promotional offers.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 22.94% p.a. variable with a 5% fee.
The duration of the introductory offer may vary depending on your personal circumstances.
Representative Example: The standard interest rate on purchases is 22.94% p.a. (variable), so if you borrow £1,200 the Representative APR will be 22.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
UK Resident
Virgin Money All Round Credit Card (19m) (21.9%)
Money transfers
0% for 16 months
Money transfer fee
4%
Representative APR (variable)
21.9% APR
Pay the balance over
20 months with fees & interest of £144.01
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 23.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 21.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 21.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money All Round Credit Card (19m) (23.9%)
Money transfers
0% for 16 months
Money transfer fee
4%
Representative APR (variable)
23.9% APR
Pay the balance over
20 months with fees & interest of £145.89
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 25.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 23.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 23.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money All Round Credit Card (19m) (25.9%)
Money transfers
0% for 16 months
Money transfer fee
4%
Representative APR (variable)
25.9% APR
Pay the balance over
20 months with fees & interest of £147.75
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 27.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 25.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 25.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
MBNA Ltd Balance Transfer Credit Card (27 Mths)
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
21.9% APR
Pay the balance over
21 months with fees & interest of £212.67
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 21.94% p.a. variable with a 5% fee.
The duration of the introductory offer may vary depending on your personal circumstances.
Representative Example: The standard interest rate on purchases is 21.94% p.a. (variable), so if you borrow £1,200 the Representative APR will be 21.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
UK Resident
MBNA Long Balance Transfer Credit Card
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
21.9% APR
Pay the balance over
21 months with fees & interest of £212.67
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 21.94% p.a. variable with a 5% fee.
The duration of the introductory offer may vary depending on your personal circumstances.
Representative Example: The standard interest rate on purchases is 21.94% p.a. (variable), so if you borrow £1,200 the Representative APR will be 21.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
UK Resident
Virgin Money Balance Transfer Credit Card (27 Mths) (21.9%)
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
21.9% APR
Pay the balance over
21 months with fees & interest of £221.17
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 23.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 21.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 21.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Balance Transfer Credit Card (29 Mths) (21.9%)
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
21.9% APR
Pay the balance over
21 months with fees & interest of £221.17
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 23.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 21.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 21.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Balance Transfer Credit Card (27 Mths) (23.9%)
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
23.9% APR
Pay the balance over
21 months with fees & interest of £229.66
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 25.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 23.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 23.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Balance Transfer Credit Card (29 Mths) (23.9%)
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
23.9% APR
Pay the balance over
21 months with fees & interest of £229.66
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 25.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 23.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 23.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Balance Transfer Credit Card (27 Mths) (25.9%)
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
25.9% APR
Pay the balance over
21 months with fees & interest of £238.15
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 27.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 25.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 25.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Balance Transfer Credit Card (29 Mths) (25.9%)
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
25.9% APR
Pay the balance over
21 months with fees & interest of £238.15
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 27.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 25.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 25.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money All Round Credit Card (12m) (29.9%)
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
29.9% APR
Pay the balance over
21 months with fees & interest of £246.64
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 29.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 29.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 29.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Balance Transfer Credit Card (16 Mths) (29.9%)
Money transfers
0% for 12 months
Money transfer fee
4%
Representative APR (variable)
29.9% APR
Pay the balance over
21 months with fees & interest of £246.64
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'. Use Virgin Money’s Card Checker to see your chances of being accepted.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 29.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 29.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 29.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Travel Credit Card (21.9%)
Money transfers
0% for 9 months
Money transfer fee
4%
Representative APR (variable)
21.9% APR
Pay the balance over
21 months with fees & interest of £319.76
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 23.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 21.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 21.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Travel Credit Card (23.9%)
Money transfers
0% for 9 months
Money transfer fee
4%
Representative APR (variable)
23.9% APR
Pay the balance over
21 months with fees & interest of £337.10
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 25.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 23.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 23.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Travel Credit Card (25.9%)
Money transfers
0% for 9 months
Money transfer fee
4%
Representative APR (variable)
25.9% APR
Pay the balance over
21 months with fees & interest of £354.53
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 27.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 25.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 25.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Travel Credit Card (29.9%)
Money transfers
0% for 9 months
Money transfer fee
4%
Representative APR (variable)
29.9% APR
Pay the balance over
22 months with fees & interest of £372.32
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
Make a money transfer within 60 days of opening an account to get the 0% deal; otherwise the rate will be 29.9% p.a. variable with a 5% fee.
Representative Example: The standard interest rate on purchases is 29.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 29.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident

We are classed as a credit broker for consumer credit, not a lender.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

Last updated: 29 July, 2021

What is a money transfer credit card?

A money transfer credit card lets you borrow money from the card, and transfer it straight into your bank account. Typically, you'll be charged a money transfer fee, which varies by provider.

How do 0% money transfer credit cards works?

With a 0% money transfer credit card you'll be able to move cash into your bank account from the card and pay it off without paying interest for a set period. This could be up to two years or more.

Don't forget that, as with any credit card, you'll need your application to be approved, and you'll need a good credit score to be eligible for the longest interest free periods.

What to use a 0 money transfer credit card for?

Money transfer credit cards can be useful. Getting a 0 money transfer credit card could mean that you could:

  • pay off an overdraft, interest free

  • pay off a loan, interest free

  • make a large purchase where a credit card wouldn't be accepted.

So, for example, if you got a money transfer card with a limit of £2,500, you could use £1,000 to pay of an overdraft, £1,000 to pay off a loan, and make a purchase with the remaining £500.

You can read more about how to use your 0 money transfer credit card here.

How to find a money transfer card

Credit cards don't always let you transfer money to your bank account. Generally, only special money transfer cards allow you to do this. Many credit cards also charge interest while you pay them off, as well as high fees.

Every card we're sharing on this page is a 0% money transfer credit card. That means they all offer money transfers with an interest-free period, so you can pay off the balance without interest being added to what you owe.

Read this guide to money transfer credit cards to help you choose the best money transfer credit card for your needs.

How much does a 0 money transfer credit card cost?

With a bank transfer credit card, you don't pay any interest as long as you repay the balance during the 0% period. You must always make at least the minimum payments each month to keep your 0% rate. You should treat it like you'd treat a loan.

But, remember that you'll have to pay to do a money transfer. That usually costs 2%-4% of the amount you transfer.

For example, a 3% fee on a £2,000 transfer will cost you £60. That means you'll owe £2,060. If the card's interest-free period is long enough for you to pay off the balance in full, the £60 fee could be a lot less than the interest you'd pay on a loan.

A money transfer credit card comes with the same other types of fees as normal credit cards. You can avoid some charges if you understand how they work. Some of the things you might have to pay include:

  • late payment charges

  • charges for going over your credit limit

  • charges for spending abroad

  • dormancy charges

  • and other charges and fees.

The best money transfer cards are the ones that cost the least overall and have the longest 0% periods.

How to compare 0% money transfer cards

Before you get a money transfer credit card, it's important to decide whether it's the best product for you. You shouldn't use a money transfer credit card unless it's planned, affordable borrowing, for a specific reason.

When you compare money transfer credit cards, consider the following:

  • 0% interest period: The interest-free period for money transfer cards isn't always as long as you'd like it to be. Interest-free periods on balance transfer credit cards or purchase credit cards tend to be longer. Be aware of when your interest-free period ends, so you can either pay off the balance, or transfer your debt elsewhere. If you don't, you'll end up paying the standard variable rate on your money transfer card, which is much higher.

  • The money transfer fee: Most money transfer credit cards charge a fee to transfer money into your account. Typically, this fee ranges from 2% to 4% of the balance transferred. It's important to factor this in when comparing money transfer credit cards. The lower the fee, the better.

  • Time window for transfers: Many money transfer cards require you to make your transfer within 60 days of getting your card. If you fail to do so, you'll lose out on the 0% period. So don't open a money transfer card with a plan to transfer money several months later, as that's unlikely to work out.

  • Fees: Most cards charge fees for late payment, exceeding the credit limit

Pros and cons of money transfer credit cards

Before you go ahead and apply for a money transfer credit card, it's a good idea to recap on the pros and cons. That way, you'll be clear on whether it's the right decision for you. It all depends on your personal situation and financial circumstances.

Pros

  • You can often borrow interest free for a set number of months.
  • It's an alternative – and potentially cheaper – option to a loan.
  • You can use it to pay off debts and loans.

Cons

  • If you find a 0% money transfer credit card, the interest-free period might not be as long as it would be with a different type of credit card.
  • You could lose your 0% rate if you miss any payments.
  • You'll pay a fee to do a money transfer and you only get a limited time in which to do it.
  • The charges for using your card in other ways could be high.
  • You might not get a high credit limit.
  • You could be declined if you have poor credit history.

Top tips for your money transfer credit card

If you decide to go ahead and get a money transfer credit card, there are a few things you should do.

  • Shop around. Our comparison gives you the chance to compare money transfer credit cards and find the best one for you.

  • Make a plan. It's important that you know how you'll repay the money before you go ahead. Only apply if you're sure you can manage the debt.

  • Meet your monthly repayments. If you don't, you could lose your 0% deal face a fee and it could affect your credit rating and ability to get credit in future. You should set up a direct debit to make sure you'll make at least the minimum repayment, on time, every month. If you can pay more, it could be a good idea to do this, so you pay off your debt quicker.

  • Do something before your 0% period ends. Either repay the balance in full, or transfer your balance elsewhere. If you don't, the APR will jump to a much higher rate.

  • Do your money transfer quickly. Most cards only allow money transfers when you first take them out, so don't delay.

  • Check the rates for other features. Of course it's important to know what fee you'll pay for money transfers, but have you checked the APR for new purchases? And for withdrawing cash? Check carefully before you use the card in other ways.

  • If you're rejected, don't keep trying. Applying for lots of credit cards in a short space of time can damage your credit rating.

Money transfer credit cards FAQs

No, because withdrawing cash by credit card can be far more expensive. This guide explains the cost.

Yes, most providers give you around 60 days from the date you are accepted to set up the money transfer.

This depends on the provider: some send the money to your account immediately after accepting your application, but others take a few days.

Yes, looking at it helps lenders decide whether to accept you as well as what 0% period and credit limit they offer you.

The provider will decide by looking at your finances and credit record after you apply. Here is how credit limits work and how they are decided.

Paying by direct debit means you never miss a payment. Here is how to decide how much to pay each month.

They have a range of charges you can usually avoid if you understand how they work. You will pay a money transfer fee but could get 0% interest.

Yes, using a balance transfer instead to pay off what you owe on a credit card. You then repay your new card, and many offer 0% interest periods.

About our credit cards comparison

Our comparison tables include providers we have commercial arrangements with. The number of listings in our tables can vary depending on the terms of those arrangements, as well as other market developments. They are all from lenders regulated by the Financial Conduct Authority (FCA). Here is more information about how our website works.

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.

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