Best 0% money transfer credit cards 2026

What is a money transfer credit card?

A money transfer credit card allows you to shift cash from your credit card to your current account. You’ll often be offered an interest-free period, during which you can repay the debt without paying interest charges.

This type of credit card can help you:

• clear an expensive overdraft or payday loan debt
• get an interest-free loan for cash-only purchases.

Money transfer credit cards can serve a fairly similar purpose to balance transfer credit cards, but the key difference is that balance transfer cards only allow you to shift debt between credit cards.

Best 0% money transfer credit card deals

We’ve picked out the current market-leading offers below. The table is ordered by the length of the 0% period.

Please note that the information in this article is for information purposes only and does not constitute advice. Please refer to the particular T&Cs of a credit card provider before committing to any financial products.

• Find out more: best credit card deals

0% money transfer credit card provider reviews

When comparing 0% money transfer deals, it’s hard to know what a provider will be like to deal with, or how quickly it resolves issues.

To help you choose the right card for your circumstances, Which? has reviewed 28 credit card companies and scored them on deals and customer service.

Find out how the top 0% money transfer credit card companies, such as Tesco Bank and Virgin Money, stack up in our guide to the best credit card providers.

How 0% money transfer credit cards work

Your credit card provider may charge a one-off fee to transfer the money (typically around 4%) and will normally charge you interest on the balance, unless you get an offer with a 0% interest period.

Say you held a 14-month 0% money transfer credit card with a limit of £2,000. You could request a money transfer of £1,000 into your bank account. With a typical 4% fee, you would owe £1,040 on your credit card and have £1,000 in your bank account to spend straight away. You’d have 14 months to clear the credit balance before interest is charged.

If your current account was overdrawn, and the fees were costing you (for example) £30 a month, you could be better off clearing it with a money transfer and making repayments on your credit card, especially if you can repay it before interest kicks in.

Before you apply for a money transfer credit card, make sure it’s right for you. Essentially, you’ll need to establish whether you can afford to pay off the debts before the 0% period is up, or you risk hefty interest fees.

• Find out more: how to pay off your debts

How to use a money transfer credit card effectively

When you use a 0% money transfer credit card, there are some things you need to know and pitfalls to avoid. We’ve set out the golden rules below.

1. Only borrow what you need

The credit limit on your 0% money transfer deal is not a target. Remember to only borrow what you need to avoid falling into a debt spiral. If you’re having debt troubles, you can contact a charity such as StepChange, or the National Debtline can give you free guidance.

2. Make the minimum repayment each month

You need to make at least the minimum repayment on your money transfer card. If you don’t, the provider may take away the 0% money transfer promotional rate, so that interest will apply immediately. A missed payment could also be recorded on your credit report.

3. Don’t use it to withdraw cash

Withdrawing cash from an ATM on a credit card is a big no-no, even on a 0% money transfer credit card.

Cash withdrawals are classed differently from money transfers and will attract a higher rate of interest. Your 0% period for money transfers won’t apply, so you’ll start paying interest straight away on these transactions.

4. Have a plan to repay before interest kicks in

Make sure you have a plan for how to pay back your balance before the 0% period ends and you need to start paying interest. You can use our credit card repayment calculator to work out how much you’d need to pay off each month to clear the debt in time.

0% money transfer credit card FAQs

Still have some questions about 0% money transfers? Check out if they’re covered below.

How we analyse credit cards

Anna McClean, credit card market analyst, says: ‘At Which? we put credit card products and providers under the microscope to help you save time when shopping around for a new deal.

‘We run a survey each year to gather the experiences of customers to help us find the best providers, and we keep a close eye on the credit card market to determine which deals are the best in their category.’

Here’s some more information about our research and the terms we use in this guide.

Customer score

Our provider customer scores are based on an online survey of 4,014 members of the public, conducted in October 2024. 

Provider scores are worked out using a combination of overall satisfaction and the likelihood of recommending the provider to a friend.

Sample sizes for customer score: Amazon (109), American Express (Amex) (217), Aqua (123), Asda Money (77), Bank of Scotland (76), Barclaycard (440), British Airways (99), Capital One (244), First Direct (112), Halifax (198), HSBC (197), John Lewis (82), Lloyds Bank (219), Marks and Spencer Bank (134), MBNA (125), Nationwide (168), NatWest (193), Ocean (42), Post Office (42), Royal Bank of Scotland (RBS) (149), Santander (165), Tesco Bank (207), The Co-operative Bank (76), TSB (99), Vanquis Bank (71), Virgin Atlantic (69), Virgin Money (including Clydesdale Bank and Yorkshire Bank) (96), Zopa (40).      

Which? Recommended Providers

To become a Which? Recommended Provider, a lender must have:

• a provider score of at least 74%
• at least one top-10 card in one of the seven main categories available on the market
• a product analysis score that’s average or above
• not have a representative APR of more than 35% on any of its mainstream cards at the time of the analysis.

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