Credit cards 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.
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.
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.
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
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