What is a credit card balance transfer?
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.
How do balance transfer credit cards work?
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.
What happens to old credit card after balance transfer?
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.
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A variety of ways to manage your account: online, by phone through one of our UK based call centres, or at a TSB branch
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Active account monitoring to spot any suspicious spending
Overseas emergency telephone assistance if you lost your card abroad
Extra support to bank with us when you need it
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.