Enjoy a great balance transfer offer from RBS

For some years now balance transfer credit cards have enabled borrowers in the UK to benefit from big savings on the interest that they are charged on their debts. With balance transfer credit cards borrowers have been able to transfer the balances from their existing high interest credit cards onto a 0 percent balance transfer card, and providing they clear the transferred balance within the specified interest free period they do not have to pay any interest.

The 0 percent periods on balance transfer credit cards will vary based on the deal and the provider chosen, and whilst some are only for three or six months there are others that are far more generous. One of these is the RBS Platinum credit card, which now offers a very generous 0 percent period of sixteen months on balance transfers.

With this offer, consumers that transfer their existing balances onto the 0 percent RBS Platinum card will have plenty of time to clear the transferred balance without having to pay any interest. Balances will need to be transferred within three months of opening the account in order to qualify for this offer, and there is a balance transfer fee of 2.9 percent of the transferred balance with a minimum fee of £5.

This balance transfer deal from RBS will prove ideal for those that currently have outstanding balances on high interest credit cards, as it will allow them to save a fortune on interest payments yet still gives them the flexibility and freedom to spread the repayments on their balance.

The typical APR on this credit card is 16.9 percent, but Royalties Gold customers can enjoy a 1 percent discount on this rate for a period of at least twelve months. Customers will also benefit from three months of interest free credit on purchases from when they open the account.