Barclaycard first to offer 18 months interest free on balance transfers
Barclaycard has announced it will be the first UK credit card provider to offer 18 months interest free balance transfers
[UKPRwire, Thu Feb 24 2011] Barclaycard has become the first credit card provider in the UK to offer 18 months at 0% on balance transfers.
The offer for new Barclaycard Platinum customers is the longest ever 0% balance transfer on the market. Barclaycard Platinum also offers 0% interest on purchases for the first three months and a typical APR of 16.9% variable.
For a limited period only, new Barclaycard Platinum customers applying through Barclaycard's website and partner sites* can also receive £20 off the handling fee of 2.9% for balance transfers over £3,000. The handling fee offer on the credit balance transfer is available only until 28th February.
The £20 discount means that customers who make a credit card balance transfer of £3,000 to their new Barclaycard Platinum sees the effective handling fee cut from 2.9% to just 2.23%**.
As well as helping customers cut the cost of borrowing, Barclaycard offers its customers the easiest to use reward scheme in the UK. Barclaycard Freedom provides Reward Money in pounds and pence in thousands of retailers across the UK and online, without the need to carry additional cards or vouchers.
Notes to Editors:
* See individual sites for offer eligibility.
** The effective handling fee will vary depending on the amount transferred as the offer will remain at £20 off the balance transfer handling fee for amounts over £3,000.
Barclaycard, part of Barclays Global Retail Banking division, is a leading global payment business which helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed.
The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future. It also issues credit and charge cards to corporate customers and the UK Government. Barclaycard partners with a wide range of organisations across the globe to offer their customers or members payment options and credit.
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