Barclaycard has extended the 0% balance transfer period on its Barclaycard Platinum credit card to a market-leading 18 months.
Barclaycard overtakes Nationwide at the top
The announcement by Barclaycard comes just a day after Nationwide increased its own 0% balance transfer period to 17 months, joint first with Barclaycard’s previous deal.
Barclaycard Platinum also offers 0% interest on purchases for the first three months and a typical APR of 16.9% variable. Balance transfers incur a transfer fee of 2.9%, although transfers of over £3,000 made by the end of February will receive a discount of £20 on this fee.
Which? credit card expert Martyn Saville commented: ‘As far as I’m aware, this is the first time any UK credit card provider has offered a 0% balance transfer deal of 18 months. If you’ve got debt on your current credit card, it’s worth considering switching it to a 0% deal to save on interest.
Save money by switching credit cards
To find out how much money you could save by switching to a new credit card, try out the free Which? credit card switching calculator. You can then find the best deals by reading the Which? 0% balance transfer credit card reviews.
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