Low Fee 0% Balance Transfer

A great card for balance transfers, plus a low balance transfer fee.

Will I be accepted?

See how likely you are to be accepted for a Bank of Scotland credit card. Your credit rating will not be affected and there is no obligation to apply for a credit card afterwards.

Check your eligibility

Important information about our credit cards:

  • You must be aged 18 or over and a UK resident to apply for a Bank of Scotland credit card.
  • If you are successful in applying, you will be offered a credit limit and may be given one or more promotional offers. These will be based on your current status.
  • You will lose your promotional offers if you exceed your credit limit or don’t make your minimum monthly repayments on time.
  • You can transfer balances to us (£100 minimum) from most credit cards and some store cards (if they have the Mastercard®, Amex® or Visa® logo). This excludes Bank of Scotland cards.
  • Pay 0% interest for up to 24 months on balances you transfer in the first 90 days from account opening.
    - The representative rate of this card is 19.9% APR (variable).
    Keep in mind: you may be offered a Classic Credit Card; the promotional period and rate of the offer may be different based on your individual circumstances.
  • 1.5% balance transfer fee
    - 1.5% on balance transfers in the first 90 days from when we open your account. After which a 3% fee applies for each balance transfer.
  • Pay 0% interest on purchases you make in the first 12 months from account opening.
Important: 

Any purchases you make after the introductory purchase offer period has ended, will incur interest at the standard rate, unless you pay off your entire credit card balance (including any balance or money transfers) in full and on time each month.

Representative example [?]

Representative example

Representative
19.9% APR
(variable)

Purchase rate
19.95% p.a.
(variable)

Based on borrowing
£1,200
over 12 months

This example is for illustrative purposes and serves as a guide only. Your actual credit limit and rate will vary based on your individual circumstances and may differ from the example shown.

We should be able to give you a decision within 5 minutes. Terms and conditions apply.

Apply now

  • Summary box

    It’s always good to know the exact details so here is a clear summary of all the key credit card features. The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

    SUMMARY BOX - Bank of Scotland Platinum Balance Transfer CREDIT CARD

    APR - Representative 19.9% APR (variable)
    Interest rates

    Interest rates

    Introductory promotional rates

    Standard monthly rate (variable) simple %

    Standard annual effective rate (variable) %

    Introductory promotional rates

    Purchases

    Standard monthly rate (variable) simple %

    0% p.a. fixed for the first 12 months from either your account opening or the date of your account transfer.

    Standard annual effective rate (variable) %

    1.527%

    19.95%

    Introductory promotional rates

    Cash transactions

    Standard monthly rate (variable) simple %

    Not available

    Standard annual effective rate (variable) %

    1.527%

    19.95%

    Introductory promotional rates

    Balance transfers

    Standard monthly rate (variable) simple %

    0% p.a. on balance transfers you make in the first 90 days fixed for 24 months from either your account opening or the date of your account transfer, on the transferred amount and the promotional fee.

    Standard annual effective rate (variable) %

    1.527%

    19.95%

    Introductory promotional rates

    Money transfers

    Standard monthly rate (variable) simple %

    Not applicable.

    Standard annual effective rate (variable) %

    1.527%

    19.95%

    Default charges - the simple annual rate is 18.324%

    We will charge you £12 if you do not make at least your minimum payment to us by the payment due date requested on your statement. You will lose your promotional offers if this happens and the standard interest rates for the applicable transactions will apply.

    Interest-free period
    • Maximum 56 days for purchases.
    • No interest-free period on cash transactions.
    • There is no interest free period for balance transfers or money transfers where these are outside promotional offers.
    Interest charging information

    We calculate interest daily based on the total amount you owe. We add together all the daily interest amounts in each statement period and add the total to your balance on your statement date.

    There are three exceptions to this rule:

    • Annual fees: We do not charge interest on annual fees.
    • Purchases: We do not charge interest on purchases made during your latest statement period if you pay off your full balance (including any balance transfers and money transfers) by the payment due date and you also paid your previous month's balance in full by the due date.
    • Default charges: We do not charge interest on default charges for the first 28 days after the day we give you notice (usually in your statement) that these charges are payable. After that we charge simple interest, so we will not charge interest on interest.
    Allocation of payments

    We use your payments to clear any overdue amounts before we apply them to your latest minimum payment.

    We will reduce the amount you owe in the following order:

    • any overdue amounts from previous statements; then
    • the remaining balance on your statement; then
    • any recent transactions not yet shown on your statement.

    We use your payments to pay off balances charged at the highest interest rate first and so on down to balances with the lowest interest rates. This means the more expensive balances are always paid off first.

    If there is more than one type of balance at the same interest rate, they are paid off in the following order: cash transactions, purchases, balance transfers and money transfers, and then default charges (plus any interest or charges incurred as a result of those balances). For each type of balance, your payments will pay off the oldest balance (and related fees, charges or insurance) first.

    Minimum payment

    The minimum payment we ask for is charged on a monthly basis and will be the higher of £5 or the total of:

    • any interest charged; plus
    • any default charges payable; plus
    • 1% of the total balance you owe (including interest and charges), as shown in your statement.

    If you owe less than £5, you must pay the full amount you owe.

    Credit limit

    Credit limit

    Credit limit

    Credit limit

    Minimum credit limit

    Subject to status.

    Credit limit

    Maximum credit limit

    Subject to status.

    Your credit limit is the total amount you can borrow under the credit card agreement. We set this limit and tell you what it is in writing soon after opening your account. It is important to stay within your credit limit. Please see your credit card agreement for any limitations that apply to certain transactions.

    Annual fee

    No annual fee.

    Fees

    Fees

    Table of fees

    Table of fees

    Cash transactions (any currency)

    3% or minimum £3.

    Table of fees

    Introductory balance transfer fee

    1.5% of the amount of each balance transfer you make within the first 90 days of opening your account.

    Table of fees

    Introductory money transfer fee

    Not applicable.

    Table of fees

    Non-introductory balance transfer fee

    3% of transfer (min £3).

    Table of fees

    Non-introductory money transfer fee

    3% of transfer (min £3).

    Non-sterling transactions (foreign usage)

    Payment scheme exchange rate - Indicative rates can be found at Mastercard Currency Conversion Tool.

    One or more of the following may apply:

    • Non-Sterling Transaction fee - 2.95% of the amount of the sterling transaction value.
    • Cash transaction fee - 3% or minimum £3.
    Default charges

    Default charges

    Late Payment charge

    £12

    Overlimit charge

    £12

    Cost of Borrowing

    Credit cards are designed to be a flexible form of borrowing. Paying the minimum amount every so often can help you manage your money more effectively, although we would not recommend that you make minimum payments for a long period of time once your promotional offers have ended. Once your account is open, you can set up a Direct Debit for any fixed amount over the minimum payment by calling 0345 729 3949. Lines are open 7am – 11pm, 7 days a week.

    For longer term borrowing it may be more appropriate to choose a loan from us. If you would like to find out more about this you can call Bank of Scotland Personal Loans on 0345 600 4611, or visit www.bankofscotland.co.uk/loans or call into a Bank of Scotland branch, where our staff will be happy to help.

    The following example highlights the difference between only paying the minimum and paying a fixed amount;

    For a purchase of £1,000 on your Bank of Scotland Platinum Balance Transfer Credit Card.

    For a purchase of £1,000 on your Bank of Scotland Platinum Balance Transfer Credit Card.

    Monthly Payment

    If you pay the minimum payment each month

    If you pay £50 each month

    Monthly Payment

    How much interest will you be charged in the first year?

    If you pay the minimum payment each month

    £175.30

    If you pay £50 each month

    £150.87

    Monthly Payment

    How much interest will you be charged in the second year?

    If you pay the minimum payment each month

    £155.17

    If you pay £50 each month

    £61.71

    Monthly Payment

    How long would it take to clear the balance?

    If you pay the minimum payment each month

    18 years 5 months

    If you pay £50 each month

    2 years 2 months

    The above example assumes the following:-

    • No introductory promotional rates for purchases.
    • The transaction takes place on 1st January and you make no further transactions.
    • You always make the payment each month on the 15th.
    • The effective rate remains the same.
    • Your statement is produced on the 1st of each month.
    • The minimum payment is made up of 1% of the total balance you owe as shown in your statement (including interest and charges).

    Bank of Scotland is a responsible lender and we only want you to borrow what you can afford and in a way that is best for you. If you’d like to talk to us about the choices you’ve made or you would like further information, please contact us. We will also be able to help you if you’re experiencing financial difficulties.

    Apply now

About your card

Here are some of the extra benefits you get with your Bank of Scotland Credit Card
  • Get cover against online fraud and have your transactions protected by Bank of Scotland Secure when you shop online with selected retailers. Find out more about Bank of Scotland secure.
  • You can take care of your card online with Internet Banking and the Mobile Banking app.
  • You'll have more flexibility and control over your finances: it's easy to make payments to your card in just a few hours.
  • You can use this card in more than 43 million Mastercard® locations in the world.
What is a representative example?

This is a table of information designed to show how much this account would cost most successful applicants. We use the example of how much it would cost over one year if you borrowed £1,200. It is for illustrative purposes only, and does not reflect the credit limit you will get if you successfully apply.

When we talk about the representative APR of a card, we use an example borrowing amount of £1,200. This helps you compare our cards which have different representative APRs. This amount is an example only and the credit limit you get may be different.

The purchase rate is the interest rate you are charged on the purchases you make with your credit card. The purchase rate applies after any introductory offers have ended. A variable rate means that your interest rate may change over time.

You won't be charged interest on purchases if you pay off your balance in full each month.

What does APR mean?

Annual Percentage Rate (APR) tells you how much your borrowing will cost you over an average year. It takes into account the amount of interest charged as well as any other fees you will have to pay (such as annual fees). The APR helps you compare credit cards in an easy and fair way.

How do we decide the APR you get?

We treat all applications on an individual basis, so the APR you get is determined by the details supplied on your application, along with an independent verification of your credit and repayment history. Most successful applicants will receive the lowest APR displayed in the representative example.

Keep in mind: you may be offered a Classic Credit Card; the promotional period and rate of the offer may be different based on your individual circumstances.

We should be able to give you a decision within 5 minutes.

Apply now

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

We should be able to give you a decision within 5 minutes

Apply now


Image of a Credit Card

Already have a Bank of Scotland Credit Card?
You may be able to apply for a second credit card with us. Excludes customers holding or applying for a Classic card or Student card. Conditions apply.

Bank of Scotland Credit Cards are issued by Bank of Scotland plc, Registered in Scotland No.SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration no. 169628.

Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.