Grab these savings on credit cards and loans before they go

credit card machineMake sure you don't miss on these limited-time best buy offers.

June has been a very good month for financial offers. There was the Tesco fee-free balance transfer credit card, although sadly that has already disappeared. However, there are still plenty of good savings to be made if you either want to pay off credit card debts or borrow money for less.

But be aware that many of these rates are only available for a little whle longer, so you need to act fast if you want to take advantage.

Pay off your credit card debts for less
Barclaycard has reduced the balance transfer fee on several of its market-leading balance transfer credit cards for June only. So you need to be quick if you want to grab one.

Its Platinum 27-Month balance transfer credit card, at 27 months the longest interest-free period available, now has a balance transfer fee of 2.98%, down from 3.5%. This means if you transferred a £2,000 debt you'd pay a fee of £59.60, down from £70.

Barclaycard has also increased the interest-free period on another Platinum card, meaning it now offers 26 months without interest rather than 25. The balance transfer fee on this card is 2.47%, the cheapest of all the 26-month cards out there. That works out as a fee of £40.80 on a £2,000 debt, a near-£20 saving on the 27-Month card with just a month's less interest-free period.

Here are the cards with the longest interest-free periods currently available:
Credit card0% periodBalance transfer feeRepresentative APR
Barclaycard Platinum 27-Month27 months2.98%18.9%
Barclaycard Platinum 26-Month26 months2.47%18.9%
Virgin Money Credit Card26 months2.99%17.9%

Compare the balance transfer credit cards with the longest interest-free periods

If you can afford to pay off your debts more quickly, the Barclaycard Platinum 16-Month card has had its balance transfer fee cut from 1.5% to 1.28%. That would mean a transfer of a £2,000 debt would cost £32.

Halifax and Lloyds TSB are top of the low balance transfer fee table as they both offer 15 months interest free for a 1% fee.
Credit card0% periodBalance transfer feeRepresentative APR
Halifax All In One15 months1%17.9%
Lloyds TSB Platinum 15-Month15 months1%17.9%
Lloyds TSB Platinum Purchase13 months1%17.9%
NatWest Platinum Low Balance Transfer Fee13 months1%18.9%
Royal Bank of Scotland Platinum Low Balance Transfer Fee13 months1%18.9%
Barclaycard 16-Month Low Balance Transfer Fee16 months1.28%18.9%

However, if you think you'll need longer to pay off your debts, it might be better to bite the bullet now in terms of a higher balance transfer fee, take a much longer interest-free period and get rid of your balance once and for all.

Be aware that you can't transfer debts from one Barclaycard onto another one and you'll need to have a very good credit history to be accepted.

See the balance transfer credit cards with the lowest fees

Borrow money for less
Personal loan rates have been falling for some time due to increased competition.

Peer-to-peer company Zopa, which allows people who want a decent return on their money to deposit money which is then lent to people wanting to borrow, is now the market leader for people looking to borrow between £7,500 and £15,000.

For the second time in as many months, it's cut the rate on its loans down to 4.9%. You will, however, need a good credit rating to qualify.

And the last time it cut its rate like this the rate was withdrawn after a week. There's no guarantee it'll be around long this time either.

See how Zopa compares to the competition

Beware the small print

Beware the small print

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