BT credit card gets a fee cut | Product News - Moneyfacts

Product News

BT credit card gets a fee cut

BT credit card gets a fee cut

Category: Credit cards
Date: 21/01/2016

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 It is now over 6 months old so the content may be out of date.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 introductory balance transfer fee on its 32-month balance transfer credit card by 0.05%, boosting its competitiveness and earning it an 'excellent' rating as a result.

The basics…

Platinum 32 Month Balance Transfer Visa has a 32-month interest-free term for balance transfers with a new introductory fee of 1.08% after a partial refund. It also offers a six-month interest-free period for purchases.

The finer details…

Balance transfers must be made within 60 days in order to qualify for the interest-free deal. Once the introductory offers expire, balance transfers will attract a rate of 18.9% per annum, while standard purchases will be charged at 18.9% APR.

Borrowers must be at least 21 years old and have a minimum 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 credit rating.

Why we like it…

This deal has been given a welcome boost by this introductory balance transfer fee cut. Borrowers who are looking for a cost-effective way to clear their outstanding credit card debts over the longer term are therefore likely to pay close attention to this deal.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.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