Barclaycard cuts balance transfer fee | Product News - Moneyfacts

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Barclaycard cuts balance transfer fee

Barclaycard cuts balance transfer fee

Category: Credit cards
Date: 30/12/2015

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 It is now over 6 months old so the content may be out of date.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 balance transfer fee on one of its already highly competitive deals, solidifying its place in the Moneyfacts charts and earning it the highest possible accolade.

The basics…

Barclaycard's Platinum 37 Month Balance Transfer Visa not only offers one of the longest introductory balance transfer terms available, but its balance transfer fee is now one of the most competitive, standing at just 2.19% (after a partial refund).

It also boasts an introductory 0% purchase term of 20 months from the date of issue, another lengthy deal.

The finer details…

Balance transfers must be made within the first two months to be eligible for the deal. After the introductory terms, balance transfers will attract a yearly rate of 18.9%, while standard purchases will be charged at 18.90% APR.

Borrowers must be at least 21 years old with a minimum income of £20,000 to apply, and should remember that rates are representative and dependent on credit ratings.

Why we like it…

The latest reduction to the balance transfer fee of this card further strengthens its position in the Moneyfacts charts, boosting the competitive of an already outstanding product to ensure that it becomes a leading player in the sector.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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