BEST CREDIT CARD BALANCE TRANSFERS

Many people use credit cards to cover the cost of Christmas and for many, it is a suitable way to do this, but it's only suitable for as long as you can repay the balance in full during the following month when the credit card bill arrives.

If this full repayment cannot be met, Christmas suddenly becomes extremely expensive due to the crippling interest rates imposed by credit card companies. By searching for the best credit card balance transfer using this website or other infomation site, this helps you to reduce the debt you will have to repay afterwards. The cheap Christmas present deals you may have bought in the shops either for yourself or as presents for others will quickly become expensive presents if you don't repay the full balance.

By taking up the best credit card balance transfer on offer, you not only reduce the amount of interest and debt you'll have to repay, but in many cases, you'll only repay the amount you spent on the goods or services themselves (plus a nominal fee to move your balance over to the interest free credit card provider).

Credit card companies are fighting over your custom, whether you pay in full or not. At the end of the day, credit card companies inevitably make money from you by transferring your existing credit card balances over to them and ideally, they would prefer it if you cannot repay in full because they can then make money from you. However, if you find yourself in a constant circle of credit card debt with no end in sight, there are some useful tips to action to get you back in financial shape:

• Firstly, get the best credit card balance transfer you can in order to move your existing credit card debts to another provider so you aren't paying any or little interest on your debt. This gives you the best chance to beat the credit card companies at their own game. It uses the mechanism of compound interest against them rather than it being used against you!

• Secondly, ensure you repay as much as you can afford EVERY month on the credit card balance which has the HIGHEST interest rate. Ideally, you should set up a direct debit to repay a fixed amount if you can't repay the debt in full each month so that you don't miss a payment or run the risk of having a late credit card payment.

• Thirdly, do NOT ever miss a payment!  This sounds very obvious, but if you do miss  a payment, not only is this bad for your credit score, but it's also bad for you in another way.  If you wish to continue receiving the best credit card balance transfer deal you signed up for, you have to keep paying them on time, otherwise you will break the best credit card balance transfer deal with your new credit card provider and they will start charging interest at very high rates again.  You have been warned!

• Finally, if you have more than one credit card debt, ALWAYS pay off the credit card balance that has the highest rate of interest FIRST and repay the minimum payments on the other balances to keep them happy. Once the debt on the credit card balance with the highest interest rate has been wiped out, use this additional free cash to pay off the next credit card balance with the highest interest rate. It will bring down your debt overall more quickly than you might realise!  This excellent debt-busting process has become known as "stoozing".

BEST CREDIT CARD BALANCE TRANSFER DEALS

Provider	Typical APR	Intro Purchase Rate	Intro Balance Transfer Rate	Balance Transfer Fee	Notes	Details
	17.9%	17.9%	0% for 24 months	2.8% with £20 off on transfers over £3,000	Required Income: £20,000 Balance must transfer in 60 days	Here
You cannot balance transfer between MBNA & Virgin cards	16.7% (on any remaining balance transfers after 0% period ends)	0% (for first 3 months) then 16.7%	0% for 18 months	2.75% (min £3)	Required Income: N/A Can't transfer from MBNA / Virgin cards	Here
You cannot balance transfer between MBNA & Virgin cards	16.8% (on any remaining balance transfers after 0% period ends)	0% (for first 3 months) then 16.8%	0% for 18 months	2.7% (min £3)	Required Income: N/A Can't transfer from MBNA / Virgin cards	Here
	16.6%	0% (for first 3 months) then 16.6%	0% for 18 months	2.8%  (min £5)	Required Income: £10,000 Must have a current account with bank & transfer with 3 months	Here
	16.6%	0% (for first 3 months) then 16.6%	0% for 18 months	2.8%  (min £5)	Required Income: £10,000 Must have a current account with bank and transfer within 3 months	Here
You cannot balance transfer between HSBC, First Direct, M&S Money & HFC Bank cards	16.9%	16.9%	0% for 15 months	2.9% (min £5)	Required Income: N/A Must have a current account with bank	Here
You cannot balance transfer between HSBC, First Direct, M&S Money & HFC Bank cards	16.9%	16.9%	0% for 15 months	2.9%  (min £5)	Required Income: N/A Must have a current account with bank	Here

Best credit card balance transfer | Best credit card balance transfers
Best credit transfer | Best credit card transfer