Barclaycard Launch Longest Ever Balance Transfer Deal

Barclaycard has just announced the launch of a two year 0 per cent balance transfer rate card – the longest ever available to UK consumers. Find out more about the new credit card and see if you can apply.

Apply for the Barclaycard 0 per cent balance transfer credit card

Launching the new Platinum card today that replaces the current extended Platinum Balance Transfer product of 20 months, this is the first time that a two year balance transfer card has been available in the UK.

Barclaycard are offering new customers a refund against the balance transfer fee paid from 3.2% to 2.8%. The new card offers 17.9% APR representative variable, 0% on balance transfers for 2 years and 0% on purchases for 3 months.

“Our aim is to make the lives of our customers much easier by providing outstanding market leading products and services,” says Dave Chan, CEO of Barclaycard Customer Europe.

“We know that a lot can change in 2 years, but with this limited time offer we give customers the opportunity for 2 years of savings with Barclaycard.”

Can I Qualify for the Best Barclaycard Balance Transfer Deal?

Customers can qualify for the new deal by transferring a balance to your Barclaycard Platinum card within 60 days of opening your Barclaycard Platinum card.

The new rates from Barclaycard show how competition among credit card providers to take on consumer’s debts is continuing to grow and the new Barclaycard deal does offer some attractive savings.

For example, a new Barclaycard Platinum customer transferring £3,000 from a competitor’s credit card with an APR of 18.9% could make savings as high as £935 in interest payments over the 24 month period.

11.2 million people in the UK use Barclaycard as their preferred credit card of choice and this new deal is likely to increase the number using Barclaycards across the country.

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Posted by: nicolasevern Categories: Finance Tags: , , , 4 Comments

4 Responses to Barclaycard Launch Longest Ever Balance Transfer Deal

  1. avatar Leandro Ulisse says:

    Dear Nicola,

    Whilst I support your excellent offer to Barclay Bank “NEW” customers I feel a bit let down as I already have a Platinum card and therefore not eligible for the bank transfer you have placed on offer. I would like to refer you to the statement in your message from your CEO – Europe , see below. He doesn’t refer to “new” customers

    I look forward to your comments or at best an extension of your offer of balance transfer in my case.

    Kind regards,

    Leandro Ulisse

    Quote:

    “Our aim is to make the lives of our customers much easier by providing outstanding market leading products and services,” says Dave Chan, CEO of Barclaycard Customer Europe.

  2. avatar ojo olusegun raphael says:

    I am one of customer in liverpool. I have not taken any credit card before. I only have debt card. Can I benefit from the 2 years interest free credit?

  3. avatar nicolasevern says:

    Thanks for your response. Usually the 0% interest applies to the balance transfer – i.e. the outstanding amount of money you owe on your current credit card. The 0% balance transfer rate may not apply to new purchases. Your best option is to contact Barclay card direct or visit a money comparison website such as http://www.moneysavingexpert.com to see which 0% credit cards are currently available.

  4. avatar Easter says:

    Ya learn something new ervyeady. It’s true I guess!