Want to move your high-interest debt to a lower rate?
Our Platinum balance transfer card has up to 38 months of 0% interest, then 24.9% APR representative (variable). Balance transfer fee applies.
What is a balance transfer credit card?
- 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.
Balance transfer credit card benefits
0% interest borrowing
Enjoy up to 38 months of no interest payments by transferring outstanding debt.
Everything in one place
Instead of juggling credit or store cards, move it all onto one card.
Pay off debt faster
With less interest to pay, you could clear your debt faster.
Platinum balance transfer credit card
- 0% interest for up to 38 months on any balance transferred.
- A 3.49% fee for balance transfers made in the first 90 days.
- 0% interest on any purchases made in your first 3 months.
- Pay through contactless, or set it up on Apple, Google Pay or Samsung Pay.
Apply for a balance transfer credit card
What you’ll need to apply:
Details
Eligibility
No debts
Check your eligibility and apply
Existing customers can apply in the app
This is the quickest way to apply
If you’re a customer and are already logged in, we’ll auto-fill all your info
During the application, you'll see if you're pre-approved, and what your credit limt could be without affecting your credit score
Or apply online
Continue applying from your browser
You'll need a mobile phone or tablet that can scan a QR code and take a picture for our ID check
You’ll be able to see your likelihood of being accepted and what your credit limit would be without affecting your credit score
If you prefer to apply in branch or over a video call, you can book an appointment in advance.
Balance transfer credit card FAQs
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.
A Balance Transfer Credit Card lets you move the balance from one or more eligible credit cards to your new card. Once the transfer is complete, you'll repay the balance on your new card instead. If your card includes a promotional 0% interest offer on balance transfers, you'll need to keep to the terms of your account to benefit from it. To learn more about the balance transfer process, read our Balance Transfer Guide.
A balance transfer doesn't automatically close your old credit card account. If you no longer need the card, you'll need to contact your existing card provider to discuss closing the account. If you continue to use it, you'll still need to repay any new spending under the terms of that account.
If you have more than one balance transfer with the same interest rate, we'll use your payments to pay off the oldest balance transfer first.
For more information, see section 6.1 of your credit card terms and conditions.
No. You can only get the 56 days’ interest-free period on new purchases if you repay the full balance shown on your current and previous statement. This means you’d need to pay back the full amount of your balance transfer, as well as all the other transactions on your statement, to benefit from this interest-free period.
| Credit Card statement, dated 1st July | You pay the £50.00 of a £1,000 balance transfer by the payment due date of 25th July. |
| Purchases | You spend £200.00 on 15th July. |
| Credit Card statement, dated 1st August | You pay £200.00 by the payment due date of 25th August. |
| Interest-free period | You won’t be able to take advantage of the interest-free period for this purchase as you have not paid the outstanding balance (the balance transfer) in full.
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| This example assumes a minimum payment of 1% of the balance + interest (if you opened your account on or after 31 March 2011, that’s your minimum payment. For accounts opened before that, it’s 2% of the balance or 0.5% + interest, whichever is the greater). | |
To understand how your payments reduce your credit card balance, see the FAQ ‘ What happens if I don’t pay off the full balance?’
If you don't pay the full balance on your statement, any payments you’ve made will repay the part of your debt with the highest interest rate first. If the payment covers all your highest interest debt, it’ll then pay the part of the balance with the next highest interest rate. This continues until it pays off the part of your balance with the lowest interest rate.
In this case, you’ll pay off the oldest balance transfer first and continue until you’re paying off the one added to your account most recently.
See section 6.1 of the terms and conditions for full details.
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 this form: Update Your Overseas Alerts.
We use Docusign for this kind of request. Docusign will pass the information you provide to us in a secure manner and won’t process it in any other way. Information on how we use your data can be found in our Data Privacy Notice.
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.
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.
