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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

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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