Balance transfer credit card

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

The minimum you can transfer is £50, 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 The offer will be withdrawn if you miss a payment or go over your credit limit. At the end of the promotional period, or at the point the promotional rate is withdrawn, your standard rate for balance transfers will apply to any remaining balance.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.

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

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 with a balance transfer credit card for bad credit

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.

Why choose a balance transfer credit card?

Switch and save
You can feel more in control and could save money on interest when you use a balance transfer card for bad credit.
Simple management
Get ahead of your existing debt the smart way by managing your credit all in one place.
Build your credit score
Saving on interest could help you pay off balances faster and improve your credit score if you use it responsibly.

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.

Find out more about balance transfers with our helpful guide: What is a balance transfer?

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.

How a balance transfer credit card could help improve your credit score

Transferring a balance to an Aqua card with a higher credit limit could help lower your credit utilisation and boost your credit score.

Here’s what a 5-month interest-free period could look like when you make a balance transfer for bad credit:

Month 1 Transfer your credit balance to an Aqua balance transfer credit card.
Month 2-4 Pay down your balance within the 0% interest promotional period.
Month 5+ Sensibly manage your account to improve your credit score.

By spending within your means and maintaining a healthy relationship with credit, you could also secure higher credit limits and unlock access to better credit options.

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

When searching for balance transfer offers for bad credit, checking your approval chances beforehand is crucial. 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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How to transfer a credit card balance with Aqua

Apply for an Aqua card
Check your eligibility with no impact on your credit score. If you apply, we’ll complete a hard check on your credit report.
Request a balance transfer
Simply log in to the Aqua app or Online Account Manager to request your balance transfer. Follow the instructions on screen.
Build better credit
You could build your credit score if you manage your balance transfer card for poor credit well. Stay on top of your account.

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34.9% APR Representative (variable) for Aqua Classic

Check your eligibility for Aqua with no impact to your credit score

Our expert advice on balance transfers

'A balance transfer can be a smart way to build better credit. Not simply by bringing your balances together in one place, but by taking control of your repayments and paying off what you owe at a lower interest rate. To make the most of a balance transfer, make repayments on time, take note of any fees, and always check the standard interest rate once the promotional period has ended'

Scott Yule, Commercial Strategy 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.