New 28-month balance transfer credit card | Product News - Moneyfacts

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New 28-month balance transfer credit card

New 28-month balance transfer credit card

Category: Credit cards
Date: 04/09/2015

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 It is now over 6 months old so the content may be out of date.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 added a new 28-month 0% balance transfer credit card to its range, earning it an 'excellent' rating for its competitive rate and terms.

The basics…

Platinum 28 Month Balance Transfer Visa has a 28-month interest-free period for balance transfers with a low introductory fee of 1.30% (after a partial refund). A six-month interest-free period is also offered for purchases.

The finer details…

Once the initial offers expire, standard purchases will be charged at 18.9% APR while balance transfers will attract a yearly charge of 18.9%.

To apply for the card, borrowers must be aged 21 years or older and have an annual income of at least £20,000. Applications can be made online, by phone or by post. Borrowers should remember that rates are representative and dependent on their credit history.

Why we like it…

Borrowers looking for a competitive deal with which to clear their outstanding credit card balance are likely to welcome this new offer, which has a competitive 0% balance transfer term and a low fee. However, borrowers must still be careful to clear the balance before the interest-free offer ends to prevent high interest adding to the bill.


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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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