With your Balance Transfer Credit Card
You could save money when you move balances from one or more credit cards.
- Enjoy 0% interest on balance transfers for 6 months
- Transfer up to 90% of your credit limit. For example, if your limit is £1,000, you can move up to £900
- Get a personalised credit limit between £500 and £3,000
This card comes with a low 2.9% transfer fee. For example, if you transfer £900 a £26.10 fee will be added to your balance.
Representative
33.5% APR (variable)
Your APR, credit limit and promotional offer may vary based on your circumstances. Transfers must be made within 180 days of account opening to benefit from the 0% offer.
Before you apply
You can apply for a Vanquis Credit Card if you:
- are over 18
- live in the UK
- don't already have an Aquis, Chrome, Origin, Vanquis, thimbl or Granite Credit Card
- are not currently bankrupt or have an active Individual Voluntary Arrangement (IVA)
What you'll need:
- address details for the last 3 years
- contact details
- employment details
- details of your monthly income
- an idea of how much you spend each month
- your bank account details
How does a balance transfer credit card work?
A balance transfer card lets you move your debt from one or more credit cards to another card, often with a low or 0% interest period.
As long as you don't miss a payment, it could help you clear your debt faster and pay less interest overall.
Once the offer period ends, the interest rate will rise, so if affordable try to pay off your balance before that happens.
Why use a credit card balance transfer
Reduce interest costs - You can save money by moving existing debt balances from interest charging credit cards to a new 0% APR balance transfer credit card.
Simplify your payments - You can consolidate multiple credit card balances into a single balance transfer credit card. This can make it easier for you to manage your debt and reduce the risk of missed payments.
Credit card debt consolidation - by taking advantage of a 0% interest period, you can focus on paying off your principal balance quicker. This focus could help you improve your overall financial health.
What's a balance transfer fee?
There's usually a one-off fee when you transfer a balance, which you can check before you apply.
It's a percentage of the total amount you're moving and it'll be added to your balance when you make the transfer.
For example, if you're moving £900 with a 2.9% transfer fee, you'll be charged an extra £26.10. That means the total you owe will be £926.10.