Barclaycard’s popular 24 month 0% balance transfer card will be withdrawn Friday 13th August.
The Platinum Extended Balance Transfer Visa offers the longest 0% balance transfer deal of its kind, providing four months longer than its nearest rival Halifax, which offers a 20 month 0% deal.
It also includes two promotional deals to reduce the handling fee charged on the Platinum Extended Balance Transfer Visa.
Barclaycard reduces handling fees
All new customers who transfer their balance within the first 60 days of taking out the card will be refunded 0.4% on the initial 3.2% handling fee, reducing the rate to 2.8%. Customers who apply online and transfer £3,000 or more will also receive £20 off the balance transfer fee.
The card has a standard APR of 17.9% once the 0% balance transfer deal comes to an end. It also offers 0% on new purchases for three months and includes the Barclaycard Freedom reward scheme.
Which? credit card expert Bobby Nicholls commented:
‘If you’re looking for the longest possible balance transfer deal, the Barclaycard offer is by far the best deal on the market and fortunately there is still a little time left to apply.’
‘Additionally, with other card providers MBNA and Virgin Money recently increasing their transfer fees, as long as you transfer your balance across within the first 60 days of taking out the card, the reduced handling fee of 2.8% is quite competitive. It is best to use the card solely to pay off any debt you have transferred across over its interest free period as the card has an above average representative APR of 17.9% for new purchases.’
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Once you know the best type of card for you, check out Which? Best Rate credit cards to find the most competitive deal available today, whether it’s a cashback card, a card for borrowing or the longest 0% deal on balance transfers.
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