Barclaycard ups the balance transfer ante - Credit cards - News - Moneyfacts

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Barclaycard ups the balance transfer ante

Barclaycard ups the balance transfer ante

Category: Credit cards

Updated: 02/08/2013
First Published: 02/08/2013

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 It is now over 6 months old so the content may be out of date.

Competition in the credit card market heated up this week, as Barclaycard unveiled its latest market-leading balance transfer card.

Offering cardholders 0% on balance transfers for 28 months, the longest period ever seen in the market, the Platinum 28 Month Balance Transfer Visa has a representative variable APR of 18.9% and charges a balance transfer fee of 3.50%.

Embracing the latest card user technology, the card also allows customers to make contactless purchases up to £20.

Balance transfer periods have steadily grown over recent years, with card providers fiercely jostling for the top spot in the market.

Research from Moneyfacts.co.uk reveals that just two years ago the longest transfer period offered with the Barclaycard Platinum Extended Balance Transfer Visa allowed customers to transfer credit interest free for 24 months.

In 2010, the longest balance transfer period was just 16 months, offered on the Clydesdale Bank Gold MasterCard.

Card Name

Intro
Rate

Intro Term

Intro Balance
Transfer Fee

Purchase
APR


Barclaycard Platinum
28 Month Balance Transfer Visa


0%

28 months
from date of card issue

3.50%

18.9%

What next?

Compare the best balance transfer credit cards
Compare 0% purchase credit cards
Save a shed-load with a 0% balance transfer credit card

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 Any products featured may be withdrawn by their provider or changed at any time.

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