36-month balance transfer fee is reduced | Product News - Moneyfacts

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36-month balance transfer fee is reduced

36-month balance transfer fee is reduced

Category: Credit cards
Date: 08/10/2015

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 It is now over 6 months old so the content may be out of date.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 reduced the fee paid for introductory balance transfers on its 36-month credit card, securing its place on the Moneyfacts charts and receiving an 'outstanding' rating as a result.

The basics…

Platinum 36 Month Balance Transfer Visa now has an introductory balance transfer fee of 1.99% 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…

Thanks to its lengthy interest-free offer for balance transfers and its new, lower introductory fee, this deal is likely to garner plenty of attention from borrowers. 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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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