Credit cards Date:
Barclaycard has extended the 0% interest terms on its balance transfer and purchase credit card, securing it a place at the very top of the charts and an 'outstanding' rating as a result.
Barclaycard Platinum Purchase and Balance Transfer Visa now has a market-leading 25-month interest-free term for both balance transfers and purchases, enabling it to take the top position among its peers. It comes with a new introductory balance transfer fee of 2.50%.
In order to benefit from the lengthy 0% interest term, balances must be transferred within 60 days of opening an account. Once the initial terms expire, balance transfers will be charged at an annual rate of 18.9%, while standard purchases will be charged at 18.9% APR.
Applications can be made online, by post and by phone. Borrowers must be at least 18 years old and remember that rates are representative and dependent on their credit rating.
This chart-topper is bound to garner attention thanks to its market-leading interest-free terms, which will appeal to those who are looking to clear their credit card debts and spread the cost of new purchases over the long term. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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 Any products featured may be withdrawn by their provider or changed at any time.
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