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Barclaycard’s 0% BT card remains competitive

Barclaycard’s 0% BT card remains competitive

Category: Credit cards
Author: Lieke Braadbaart
Date: 15/11/2018

Barclaycard has reviewed its credit card range and withdrawn some cards as well as introducing new ones. Still competitive despite decreasing the introductory 0% balance transfer (BT) term is its leading balance transfer card. As such, it retains its place in the Best Buy chart for its sector and earns our highest rating.

The basics…

The Barclaycard Platinum 31 Month Balance Transfer Visa now has an introductory balance transfer term of 31 months, which comes with an introductory fee of 1.45% (via a partial refund). It also boasts a six-month interest-free term on purchases.

The finer details…

Balances must be transferred within 60 days. After the introductory periods end, balance transfers will be charged at an annual rate of 19.9% with a 3.5% fee, with standard purchases also charged at 19.9% APR. Barclaycard offers a discounts on events and food in selected venues through Barclaycard entertainment.

The card can be opened online, by post or over the phone, after which it can be managed in branch and via smartphone app as well. Borrowers must be at least 21 years old with a minimum income of £20,000, and should remember that rates are representative and dependent on credit ratings.

Why we like it…

This card still offers a near market-leading introductory term on balance transfers, with the addition of a limited interest-free term on purchases adding to the appeal. That's why it easily manages to stay in the Best Buys and earn our highest rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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