Barclaycard regains top spots for 0% balance trans | Product News - Moneyfacts

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Barclaycard regains top spots for 0% balance trans

Barclaycard regains top spots for 0% balance trans

Category: Credit cards
Date: 09/09/2014

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 It is now over 6 months old so the content may be out of date.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 reasserted its control of the 0% balance transfer market by extending the 0% balance transfer periods on two of its credit cards. Barclaycard now holds both first and second position in the charts.

The basics…

Platinum 34 Month BT Visa now offers a market-leading 34 months of 0% interest on balance transfers, as well as six months of 0% purchase rates.

Meanwhile, Platinum 33 Month BT Visa has a lengthy 33 months of 0% balance transfers and, like its 34-month equivalent, it also has 0% purchase rates for six months.

The finer details…

Borrowers need to be at least 21 years old to apply for either card.

After the introductory periods, the standard purchase rate on both cards reverts to 18.9% APR and the standard balance transfer rate rises to 18.9% per annum.

Balance transfers must be made within the first 60 days. The 33-month credit card charges a balance transfer fee of 2.79% (partially refunded from 3.50%), while the 34-month variant charges 2.99% (also partially refunded from 3.50%).

Free purchase protection is offered for 90 days on both cards, which offers an added bonus to borrowers.

Applicants should remember that the rates are dependent on their credit rating.

Why we like them…

Although this market is proving to be particularly volatile, Barclaycard has re-established itself as market-leader by extending its balance transfer periods to unprecedented lengths. As a result, both cards are likely to attract borrowers looking to manage their credit card balances and spread their spending.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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