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New 16-month 0% credit card tops Which? table

Longest balance transfer deal on the market

Yorkshire Bank

Clydesdale and Yorkshire Bank has today launched a market-leading 0% balance transfer deal of 16 months on its Gold MasterCard.

The card also offers three months at 0% on all purchases, after which the standard APR reverts to a 16.9% typical rate. There is no annual fee.

The best 0% balance transfer credit card on the market

Martyn Saville, Which? credit card expert, commented: ‘It’s fantastic to see new competitive deals like this one come onto the market. This new 0% balance transfer offer from Clydesdale and Yorkshire Bank takes the top spot recently vacated by Virgin Money when it cut its 0% deal from 16 to 14 months. If you’re looking for a new credit card to switch your existing balance to, you’ll be hard-pressed to beat this new offer.

‘I would, however, strongly recommend anyone taking out the card to avoid the 3-month purchases deal if you’re also transferring a balance to the card. Yorkshire Bank uses a date-based order of payments system, so any repayments you make are allocated to the oldest debt first. This means that if you transfer a balance and then spend on the card, all repayments you make will go against the balance transfer. Once the 3-month promotional period on purchases runs out, you’ll pay the full APR of 16.9% on every penny of those purchases until the balance transfer is paid off in full.’

Get the best credit card for your needs

If you need advice to help you choose the best credit card for your needs, read the free Which? guide to choosing a credit card.

Once you know the best type of card for you, check out Which? Best Rate credit cards to find the most competitive deal available today, whether it’s a cashback card, a card offering 0% on purchases or the longest 0% deal on balance transfers.

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