Balance Transfer and Purchase Credit Card
This one's for a bit of everything
0% interest on balance transfers
made within 60 days of account opening.
0% interest on purchases
starting from your first purchase. Spend within your offer term to qualify. Purchases made after your offer term will be charged interest at your standard variable interest rate.
Interest-free for up to 12 months
on balance transfers and purchases, subject to eligibility.
2.9% balance transfer fee
£250 – £4,000
personalised credit limit.
Representative
41.9% APR
(variable)
Your APR, credit limit and promo offer may vary based on your circumstances. Balance transfers must be made within 60 days of account opening to benefit from the 0% offer.
The minimum amount you can transfer to your Vanquis card is £100. The maximum is 90% of your credit card limit. For example, if your limit is £1000, you can move up to £900. There’s a 2.9% transfer fee. So, if you transfer £900, a £26.10 fee will be added to your balance.
Am I eligible for a Vanquis Credit Card?
You can apply if you’re 18 years old or over, have a regular income and are a permanent UK resident.
You’re not eligible if you are currently bankrupt, have an active Individual Voluntary Arrangement (IVA), have a card or open application with us or we’ve declined you in the last 6 months.
To check your eligibility, you’ll need your address details for the last 3 years, your bank details, your annual income and your monthly outgoings.
How does a balance transfer card work?
The balance transfer offer on our Balance Transfer and Purchase card lets you move your debt from one or more credit cards to our card with a low or 0% interest period.
If you don’t miss a payment, it could help you clear your debt faster and result in lower interest overall.
Once our offer period ends, the interest rate will rise. If it’s affordable, try to pay off your balance before that happens. You can read more about how balance transfer cards work here.
Why use a balance transfer credit card?
Reduce interest costs
Our Balance Transfer and Purchase cards let you save money by transferring existing balances from interest-charging credit cards to a new card with our 0% interest Balance Transfer offer.
Simplify your payments
You can consolidate multiple credit card balances into a single credit card with a Balance Transfer offer. When combined with the low-interest payments offered by our Purchase credit card, it can be easier for you to manage your debt and reduce the risk of missed payments.
Credit card debt consolidation
By taking advantage of our credit card’s 0% interest period, you can focus on paying off your original balance quickly. As a result, this can help you improve your overall financial health.
What's a balance transfer fee?
When you transfer a balance, we charge a one-off fee. This is 2.9% of the balance transferred and it’ll be added to your balance when you make the transfer.
For example, if you’re moving £900, you’ll be charged an extra £26.10 with our transfer fee. That means the total you owe will be £926.10.
How does a Purchase offer work?
A credit card with a Purchase offer, like the Vanquis Balance Transfer and Purchase Credit Card, lets you buy now and pay later with 0% interest for a set time. It’s a smart way to spread the cost, especially for those big purchases.
For example, if you bought a holiday for £500 during our interest-free period, the amount you owe would start at £500 and go down if you continue to make your minimum monthly payments.
This could save you interest compared to paying for the same holiday using a standard credit card from another provider.
What happens at the end of my offer period?
When the offer period on one of our cards ends, any outstanding balance will be charged at your standard variable interest rate.
The more of your balance you repay before the end of your offer periods, the less interest you’ll pay.
Who’s the Vanquis Balance Transfer and Purchase card for?
Our Balance Transfer and Purchase Credit Card has two features to help you better manage your money.
If you have other credit cards, our Balance Transfer offer allows you to simplify and consolidate your finances.
Our 0% interest on purchases offer is useful if you’re looking to make a big purchase and want to split payments over a longer period.
The Balance Transfer and Purchase offers are time limited, so it’s a good idea to check you can manage your money effectively.
If you’re looking to build your credit score, you may want to look at our Credit Builder Credit Card instead.