Credit cards Date:
Barclaycard has made a slight increase to the fee paid for introductory balance transfers on its 36-month credit card, but despite this, it has retained its chart place and been awarded an 'outstanding' rating thanks to its still-competitive terms.
Platinum 36 Month Balance Transfer Visa now has an introductory balance transfer fee of 2.39% to accompany its 36-month interest-free offer. This card also gives borrowers a six-month interest-free term on purchases.
The finer details…
Balance transfers must be made within 60 days of the account being opened in order to qualify for the interest-free deal. Once its introductory offers expire, balance transfers will attract a rate of 18.9% per annum with a 3.5% fee, while standard purchases will be charged at 18.9% APR.
Borrowers must be at least 21 years old with an annual income of £20,000. Applications can be made online, by post and by phone. Borrowers should remember that rates are representative and dependent on their credit history.
Why we like it…
Borrowers looking to repay their credit card debts without worrying about interest are still likely to highly rate this deal, thanks to its lengthy interest-free offer for balance transfers and its additional 0% interest purchase 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 Any products featured may be withdrawn by their provider or changed at any time.
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