Balance transfer credit card

0% on balance transfers for up to 5 months (3% fee)¹

Q: How much balance can I transfer to an Aqua card?

The minimum you can transfer is £100, and you can transfer up to 90% of your available credit limit (including the balance transfer fee).

Q: Am I eligible for an Aqua balance transfer credit card?

You’re eligible to apply for an Aqua credit card, which offers a 0% balance transfer, as long as you: Are 18 or over and have a permanent UK address Haven’t been registered bankrupt in the last 18 months and don’t have ongoing bankruptcy proceedings against you Have a current UK bank or building society account Haven’t received a County Court Judgement (CCJ) in the past 12 months Don’t already have an Aqua card and haven’t taken out an Aqua, marbles, opus, Bip or Fluid card in the past 12 months

Q: How long is the 0% promotional period on an Aqua balance transfer card?

The Aqua credit card comes with up to five months interest-free on balance transfers, starting from the date you open your account, for balances made within 60 days of account opening. If you make a balance transfer later in the 60 day period, you will enjoy 0% for a shorter amount of time. For example, if you carry out a balance transfer 30 days after account opening, you will only get 4 months of 0% interest on that transfer. The offer will be withdrawn if you miss a payment or go over your credit limit. At the end of the promotional period, or at the point the promotional rate is withdrawn, your standard rate for balance transfers will apply to any remaining balance.

Q: Is there a fee to transfer my balance?

With an Aqua balance transfer, a fee of 3% (minimum £3) is applied to each transfer, which is non-refundable once the transfer process has started. The fee will be shown on your monthly statement following your transfer.

Q: Which credit cards can I transfer balances from?

You can transfer a balance from most UK credit cards, except American Express, store cards, prepaid cards, Cashplus cards, business credit cards and any other cards provided by NewDay. It’s fine to make several transfers from different credit cards. There’s a limit of one transfer per day from each card. The card you’re transferring from must be in your name, with you as the primary cardholder. Have the card handy when you apply for the balance transfer, as we’ll ask you for the expiry date.

Pay 0% interest on balance transfers for up to five months, starting from the date you open your account, for transfers made within 60 days of account opening
Build your credit score when you manage your account well

34.9% APR

Representative (variable)

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Representative example

Representative

34.9% APR

p.a. (variable)

Interest rate for purchases

34.95%

(variable)

Estimated credit limit

£1200

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Join the hundreds of thousands of people improving their credit score

¹ The 5 month offer period applies from the date of account opening. Balance transfers must be made within the first 60 days of account opening to be eligible for the 0% promotional rate. If you make a balance transfer later within the 60 day period, you will enjoy 0% for a shorter amount of time. For example, if you carry out a balance transfer 30 days after account opening, you will only get 4 months of 0% interest on that transfer. If you do not make at least your contractual minimum payment in full and on time or if you go over your credit limit, your promotional rate will be withdrawn and you will pay the standard balance transfer rate (as shown on your statement) on any balance outstanding. When the offer period ends you will pay the standard balance transfer rate on any remaining balance transfer balance. Additional terms and conditions apply.

How a balance transfer credit card could benefit you

Switch and save

Take control of your finances and you could save money too when you move balances to a lower interest rate card.

Simple management

Get ahead of your existing debt the smart way by managing your credit all in one place.

Build your credit score

By saving money on interest, you could pay down your balance, which could improve your score if you don’t spend further on your card.

The more you owe on your other credit cards and the higher the interest rates on those cards, the more you could save. If you pay off your balance in full before the end of any balance transfer 0% period, you won’t pay any interest. You should take into account any fee before completing a balance transfer, to make sure it still saves you overall.

Aqua balance transfer FAQs

Q.How much balance can I transfer to an Aqua card?

Q.Am I eligible for an Aqua balance transfer credit card?

Q.How long is the 0% promotional period on an Aqua balance transfer card?

Q.Is there a fee to transfer my balance?

Q.Which credit cards can I transfer balances from?

Am I eligible for an Aqua balance transfer credit card?

You can apply for a 0% balance transfer Aqua credit card as long as you:

Aged 18 and over and have a permanent UK address.
Haven’t been registered bankrupt in the past 18 months and don’t have ongoing bankruptcy proceedings against you.
Have a current UK bank or building society account.
Haven’t received a County Court Judgement (CCJ) in the past 12 months.
Don’t already have an Aqua card and haven’t had taken out an Bip, Marbles, Opus or Fluid card in the past 12 months.

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How do balance transfer credit cards work?

A balance transfer credit card gives you the financial flexibility to transfer the balance from one card to another. You might make a balance transfer to save money on interest by moving your balance to a card with a lower interest rate, or if you have multiple cards, to consolidate* your balances to a single account. Before you apply for a balance transfer, it’s a good idea to check the transfer fee, which will vary between lenders.

How long is the interest-free period on a 0% balance transfer credit card?

The interest-free period on a 0% balance transfer card will vary between lenders depending on the offer. With this Aqua balance transfer credit card offer, you get up to five months interest free on balance transfers for transfers made within 60 days of account opening. If you make a balance transfer later in the 60 day period, you will enjoy 0% for a shorter amount of time. For example, if you carry out a balance transfer 30 days after account opening, you will only get 4 months of 0% interest on that transfer.

What is a balance transfer fee?

A balance transfer fee is a fee that credit card companies charge to move your balance from one card to another, and is usually a percentage of the amount you want to transfer. With Aqua, a fee of 3% (minimum £3) is applied to each balance transfer. The fee will be shown on your monthly statement following the transfer.

You should factor in the balance transfer fee when you’re choosing a card to transfer a balance to, as it will be added to the balance on that card.

Your Aqua card benefits

With an Aqua credit card, you’ll get expert support with Aqua Coach, free access to your credit score in the Aqua app, plus 24/7 fraud protection to keep your account safe. We’ll also help you manage your money with personalised credit limits that adjust as we get to know you and could even increase if you manage your account well.

How you can apply for an 0% balance transfer credit card

You can apply for an Aqua balance transfer credit card by taking our free eligibility check that gives you a response in just 60 seconds - with no impact on your credit score. If your application is approved, and you’ve accepted the credit limit offered, we’ll pop your new Aqua card in the post. You can then request a balance transfer which is subject to approval. You could be on your way to building better credit before you know it.

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Don’t forget

Failure to make payments on time or to stay within your credit limit means that you’ll pay additional charges, and may make it more expensive and difficult to get credit in the future.

How to transfer a credit card balance with Aqua

Apply for an Aqua card

Start by checking your eligibility to see whether you’ll be accepted, without affecting your credit score. If eligible, complete your application, which involves a hard check on your credit record.

Request a balance transfer

It’s quick and easy to make a balance transfer in the Aqua app or in your Online Account Manager. Simply log in to request your balance transfer, then follow the instructions.

Build better credit

Aqua gives you the power to improve your credit score when you manage your account well. Make your payments on time and stay within your credit limit, and you could be on your way to building better credit before you know it.

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Our expert advice on balance transfers

A balance transfer can be a great way to manage your debt repayments by enabling you to save money on interest if the rate on the card you are transferring to is lower, or consolidate balances onto one card.* Just be sure to keep up with your monthly repayments, take note of any fees, and the standard interest rate you'll be charged when any promotional period ends.

Sharvan Selvam, Commercial Director

*Make sure you consider whether consolidating your credit card debt is the right option for you. Compare the rates of interest on the cards including the rate charged after any initial 0% offer period plus the balance transfer fees before you go ahead.