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Balance transfer credit cards

Want to move your high-interest debt to a lower rate?

Our Platinum balance transfer card has up to 24 months of 0% interest, then 24.9% APR representative (variable).

Representative example

Representative 24.9% APR (variable). Purchase rate 24.95% p.a. (variable). Based on borrowing £1,000 over 12 months. The representative APR is the Annual Percentage Rate of charge. You can use it to compare the overall cost of credit between different lenders.

Balance transfer credit cards explained

  • With a balance transfer credit card you can move high-interest debt to a lower rate, making it easier to pay off.
  • Your credit limit, promotional period, and interest rates will vary based on your circumstances.
  • To keep your promotional rates, you’ll need to stay within your credit limit and make your monthly payments on time.
Image of a grey TSB credit card and a stack of pound coins

What you need to apply

Details

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Your current address in the UK

Pound sign with arrows icon

Details of any balance that you wish to transfer

Blue bank icon

Your bank account number and sort code

Eligibility:

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You must be 18 or over

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A UK resident

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Have a regular income

Criteria:

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Not be currently declared bankrupt, have County Court Judgments or be subject to an individual voluntary agreement.

Useful documents and guides

Platinum Balance Transfer Card summary box

Guide on borrowing sensibly

Balance Transfer Guide

Representative example

Representative 24.9% APR (variable). Purchase rate 24.95% p.a. (variable). Based on borrowing £1,000 over 12 months. The representative APR is the Annual Percentage Rate of charge. You can use it to compare the overall cost of credit between different lenders.

Apply securely

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Apply for a new card

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Complete in just minutes

Any questions?

A balance transfer is when you move the debt from one or more existing credit cards to a single credit. The benefits of making a balance transfer are that typically you will be charged less interest, or will make lower monthly repayments.

To carry out a balance transfer, you simply move the outstanding balance from one credit card onto another. The balance is then owed on the new card, typically at a lower interest rate or with an interest free period.

A balance transfer does not close the old account. The old credit card can still be used; however, this could result in further interest being charged.

  • A variety of ways to manage your account: online, by phone through one of our UK based call centres, or at a TSB branch

  • Clicksafe® to help keep your details secure when shopping online

  • Active account monitoring to spot any suspicious spending

  • Overseas emergency telephone assistance if you lost your card abroad

  • Receive Overseas Alerts when your card has been used in a foreign country. To opt in, opt out and amend your settings, use the form below. We’ve chosen Adobe to support us with our digital processes by using their ‘Adobe Sign’ software. Adobe is a separate data controller from TSB, and any personal data you provide will be sent to Adobe and processed in accordance with their terms and conditions of service. You may wish to read their Adobe Terms of Use and Consumer Disclosure before using the following link. Update Your Overseas Alerts

There may be lots of different reasons you might need to bank with us differently, either in the short term, or on a continuing basis. It could be because of your physical or mental wellbeing, or because of a life event you’ve experienced. Whatever the reason, we are committed to tailoring our support to your personal needs.

If you choose to tell us about your individual support needs, we will take the time to understand your circumstances and work with you to make sure you have the support you need when banking with TSB. We can add a Support Indicator to your account, which means whenever you talk to us, we'll be aware that you may need tailored support.

Find out more about how we can support you

Important information

The issue of a credit card is subject to status and depends on our assessment of your circumstances. You must be 18 or over and a UK resident to apply.