Barclaycard launches 2 year 0% interest balance transfer
Barclaycard has launched a new Platinum card with the longest ever 0% balance transfer period. This is the first time that a 2 year balance transfer card has been launched in the UK market, and is significantly longer than the period offered on other cards. This unmissable new offer is available for a limited time only.
In addition, when customers apply for the card directly through Barclaycard.co.uk they will receive an enhanced offer. In addition to the 2 year 0% offer they will receive an exclusive discount of £20 off the 2.8% handling fee, if they transfer more than £3,000. That means a customer transferring £3,000 would effectively be paying a low 2.1% fee. The Barclaycard Platinum card also offers 0% on purchases for the first three months and a typical APR of 17.9% variable.
Dave Chan, CEO of Barclaycard Customer Europe:
"Our aim is to make the lives of our customers much easier by providing outstanding market leading products and services. 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. Customers can also make additional savings by applying directly through barclaycard.co.uk where a further exclusive discount will be available"
A new Barclaycard Platinum customer transferring £3,000 from a competitor's credit card with an APR of 18.9% will make significant savings. A massive £935 in interest payments will be saved over the 24 month period. If this customer applies directly through barclaycard.co.uk they will also benefit from the additional £20 discount on their balance transfer fee, effectively reducing their fee to 2.1%, paying £64 instead of £84.