Credit cards Date:
Barclaycard has reduced the introductory balance transfer fee on its 0% interest credit card for the second time in less than two months, which sees it strengthen its position at the top of the Best Buy chart in its sector.
The Barclaycard Platinum Purchase and Balance Transfer Visa has seen its introductory balance transfer fee reduced by 0.10% to 2.35%, while keeping its introductory interest-free term at 25 months for both balance transfers and purchases.
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.
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.
By amending its introductory fee, this credit card continues to offer the best deal to customers looking to secure interest-free balance transfers as well as purchases, securing its top Moneyfacts rating and number one spot.
Moneyfacts rating: Outstanding
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