Barclaycard leads UK's 0% balance transfer race - Credit cards - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Barclaycard leads UK's 0% balance transfer race

Barclaycard leads UK's 0% balance transfer race

Category: Credit cards

Updated: 21/03/2011
First Published: 16/03/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Barclaycard has blown open the 0% balance transfer credit card market with the longest ever introductory period.

A number of the conditions on the card have been amended, but the stand out change sees the 0% balance transfer period extended from 18 to 20 months.

The Barclaycard Platinum with Balance Transfer Visa rate has been increased to 17.5% APR, standard purchase rate increased by 0.6% per annum to 1.356% per month, 17.5% pa.

Balance transfer fees have increased to 3.2% (previously 2.9%). However as of 21/03/11 Barclaycard are offering new customers 25% off any additional balance transfer fee when you transfer more than one balance to Barclaycard (terms and conditions apply)

Although the card's main appeal is the balance transfer offer, there is still 0% on card purchases for 3 months. This card is sure to prove popular with consumers who will be keen to see if other providers rush to meet the 20 month offer.

Compare 0% balance transfer credit cards
Compare 0% platinum balance transfer credit cards

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Credit card mistakes cost borrowers £948m

At this time of year, many people could be turning to balance transfer credit cards in an attempt to overcome their Christmas debt. However, many of these borrowers could get caught out in the year ahead, and they could end up paying for it.

6 of the best balance transfer credit cards

Does the thought of opening your credit card bills fill you with fear? If so, you're not alone! Christmas may be over, but unfortunately, many people will still be paying for it, after turning to credit to cover the cost of their festive spend.

Get a better credit score for the New Year

A new year means a fresh start, and one of the best things you can do is take a cold, hard look at your finances – particularly when it comes to your credit score.