Balance Transfer Credit Cards

It could be, if you’re paying interest on a credit or store card.

There’s usually a fee for making a balance transfer. But even after you’ve paid this, you could still be better off.

• How long will the promotional rate last?
• Will you save money over the promotional period – even after paying the balance transfer fee?
• What is the standard interest rate after your promotional period ends?
• You’ll need to make your minimum payment when it’s due and stay within your credit limit. If you don’t, we’ll stop your promotional rate (from the start of that statement period). So it’s worth setting up a Direct Debit to meet your monthly repayment.
• When your promotional rate ends or we stop it, we’ll charge you the current standard interest rate.
• The balance you're transferring can't be from another Virgin Money, Clydesdale Bank, Yorkshire Bank or B credit card. And you shouldn’t use your card to repay borrowing from Clydesdale Bank PLC (like a loan, overdraft or mortgage).

It's easy to apply, and we’ll let you know if your transfer request has been approved as soon as possible.

If you apply as part of your credit card application and we approve, we’ll get the money to your existing credit card provider three to four business days after you ask for the transfer.

You can also apply to make a transfer once your account is up and running. If you ask for the transfer:

• Before 4pm, Sunday to Thursday, we’ll get the money to your existing credit card provider the next business day.
• After 4pm, Sunday to Wednesday, we’ll get the money to your existing credit card provider in two business days.
• Between 4pm Thursday and 12am Sunday, we’ll get the money to your existing credit card provider the following Monday (excluding Bank Holidays).
• Remember, you’ll need to continue making payments on your existing card until your transfer’s all sorted.