What is a balance transfer?
A balance transfer is moving a credit card balance from one provider to another, often with a lower (or 0%) rate of interest for a set period. This could help you reduce your monthly payments or clear your debt quicker, but it’s important to note that there may be a fee to transfer a balance and you should consider the costs you will pay when any introductory offer expires.
Click to find out more about our Balance Transfer Credit card options
What is a credit score?
Your credit score helps lenders decide whether to lend you money, how much to lend you and how much interest to charge. The higher your score, the better.
Lenders can access a credit file that gives them information about your outstanding borrowing, financial commitments and the way you currently manage any bank accounts, loans and credit cards.
Here's some more information on your credit score and how to improve it.
What is a credit limit?
A credit card limit is the maximum amount you can spend on a credit card. We assess credit limits on a customer-by-customer basis and look at your income, debt level and credit history to make sure that we offer a responsible limit for your credit card spend.