Santander launches market leading 0% Balance Transfer credit card

New market leading 0% Balance Transfer offer from Santander

mo mo

Santander have launched a new market leading credit card.

Their Everyday Long Term Balance Transfer Credit Card is the leading offer in the market today and has the following features:

  • 0% interest on balance transfers for 31 months from account opening (2.75% balance transfer - fee applies, min £5)

  • 0% interest on purchases for 3 months from account opening

  • No monthly account fee

Representative Example: Representative 20.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 20.90% p.a. (variable)

Compare with confidence

Want to see whether you’ll be accepted? Use our eligibility checker to find out, it only takes a few minutes and won’t affect your credit rating.

Check your eligibility

Important information

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

Balance Transfers

  • You can transfer balances from £100 up to 95% of your credit limit.

  • You can’t transfer balances from other Santander or cahoot credit cards or from any type of loan or current account.

  • At the end of the 0% period, a 3% balance transfer fee will apply to any new balance transfers. Interest will be charged on any outstanding balances and new balance transfers at the standard rate of 20.9% p.a. (variable).

  • If you request a balance transfer as part of your application it'll happen automatically if you activate your card within 45 days of receiving it.

Compare credit cards

0% Balance Transfer Credit Cards

If you are paying interest on a credit card, a balance transfer credit card can save you money by reducing the interest you pay. Use our Balance Transfer Eligibility Calculator to get a personalised search and show the cards you are likely to receive before you apply.

How do balance transfers work?

With a 0% balance transfer credit card you can pay off more expensive debt on other credit and store cards (or if you've used a 0% offer before, when that comes to an end if you are still carrying a balance)

A balance transfer card has a 0% introductory period, during which you pay no interest. For example, this Santander offer is for 31 months, with a balance transfer fee of 2.75%. Repaying debt with a 0% offer means you can repay more of the debt with each payment.

Compare With Confidence

Become the hero of your home with Monva - the simplest way to save time and money and find a great deal

Tags: Credit Cards