Barclaycard improves 0% interest credit card | Product News - Moneyfacts

Product News

Barclaycard improves 0% interest credit card

Barclaycard improves 0% interest credit card

Category: Credit cards
Date: 11/10/2016

Barclaycard has reduced the introductory balance transfer fee on its leading 0% interest credit card, which reinforces its position in the top-three of the Best Buy chart in its sector and sustains its top rating.

The basics…

The Barclaycard Platinum Purchase and Balance Transfer Visa has had its introductory balance transfer fee reduced to 1.99%, while keeping its introductory interest-free term at 25 months for both balance transfers and purchases.

The finer details…

Balances must be transferred within 60 days of account opening in order to benefit from the offer. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.9% and standard purchases will be charged at 18.9% APR. Customers can benefit from an additional bonus of £20 cashback on balance transfers of at least £500 made within the first 60 days.

Borrowers must be at least 18 years old and have a minimum income of £20,000 to apply, and should remember that rates are representative and dependent on credit ratings.

Why we like it…

By amending its introductory fee, this credit card has safeguarded its position in the charts and top Moneyfacts rating, as it offers an even more competitive deal to customers looking to secure interest-free balance transfers as well as purchases.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close