New Barclaycard Credit Card Offer: 18 Months Interest Free on Balance Transfers + £20 off The Balance Transfer Fee! (2.9%) - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit
Wow what a deal! Best on the market i think atm. Good if you can get it!

here's the info:

Credit Cards

Barclaycard Platinum Credit Card with Balance TransferWe’ve extended our January offer: £20 off your balance transfer fee when you transfer £3,000 or more by 28th February 2011

0% interest on balance transfers for 18 months from account opening (2.9% handling fee applies)

0% interest on purchases for 3 months from account opening


**Update - This has just increased to 20 months - check out the article - http://www.which4u.co.uk/bank-accounts/news/13055-barclaycard-increase-balance-transfer-deal-to-market-beating-20-months
- TheRealMcLovin

All Comments

(72) Jump to unreadPost a comment
Comments/page:
Page:
#1
Top deal if like me you have a few thousand pounds you need to move from another credit card on a higher interest rate.
#2
Did this a couple months ago.
1 Like #3
I have to say I'm astounded CC companies are allowed to label these deals as 0%. IMO its highly misleading.

Thats a comment on the practise, not on wether this is a good deal or not. Not sure of the current balance transfer deals so haven't voted, I'm more interested in the purchase deals and if ones good the other usually isn't (as illustrated in this case).
#4
I have got one of these - the only thing I would say is Barclaycard seem to be very hard on your credit limit - I expected double the credit limit I was actually given - and it took a lot of persuasion to get an extra £500 to cover my balance transfer (even though I bank with barclays!) - in the end I didnt need it - but if I were you I would check what credit limit you get before you go ahead - heat added though!
1 Like #5
Mentos
I have to say I'm astounded CC companies are allowed to label these deals as 0%. IMO its highly misleading.Thats a comment on the practise, not on wether this is a good deal or not. Not sure of the current balance transfer deals so haven't voted, I'm more interested in the purchase deals and if ones good the other usually isn't (as illustrated in this case).

Why is it misleading ? CC companies are obliged to count payments against the balance earning the highest rate, so funds transferred on a zero rated scheme for 18 months would accrue no interest for this period.
#6
Talking of credit limits, I was amazed at how much MBNA give you! I was given £6000 the other day - almost thought it was a mistake!
#7
pandpand
Mentos
I have to say I'm astounded CC companies are allowed to label these deals as 0%. IMO its highly misleading.Thats a comment on the practise, not on wether this is a good deal or not. Not sure of the current balance transfer deals so haven't voted, I'm more interested in the purchase deals and if ones good the other usually isn't (as illustrated in this case).
Why is it misleading ? CC companies are obliged to count payments against the balance earning the highest rate, so funds transferred on a zero rated scheme for 18 months would accrue no interest for this period.

Because of the mandatory 2.9% fee, perhaps I should have made it clearer in my previous post. BTW the way payments are allocated has only recently changed, so it wouldn't have been the case this time last year (I know, my assistant made the mistake of not flipping over my Virgin Card bill and as a result I underpaid :().
1 Like #8
willgimmence
Talking of credit limits, I was amazed at how much MBNA give you! I was given £6000 the other day - almost thought it was a mistake!

If you have a clean credit rating and a history of paying back debt they tend to be very generous. Every time I get around to one of their cards (switch around for 0% purchase deals) I'm always shocked when my limit is revealed.

However, my GF who hasn't had much debt under her name (only 1 CC) got a couple of hundred pounds, despite having clean credit history and decent salary.
#9
Santander were offering a similar deal last month but with 0% transfer fee as well.
1 Like #10
I've had one of these for the last few years, purely for balance transfers. Ironically Barclaycard have been much more accomodating with my credit limit (Over double) than my own bank (Lloyds TSB) whom I've been with for almost 10 years.

One piece of advice if you've already got a credit card with barclaycard (Or any credit card issuer) and the balance transfer rate they offer you isn't as good as this, ask to be put through to the retentions team. They can ALWAYS offer you the best BT rates available. My last call to barclaycard I was offered 9 months interest free + 2.9% fee, spoke to retentions and was offered the 18 months interest free + a reduced fee of only 1.9%. It pays to ask!

Don't be worried that you'll have to close your account just by speaking to the retentions department either, because you don't.

Edited By: ClubLife on Feb 25, 2011 15:02
#11
canada16
Did this a couple months ago.


same here
#12
poopscoop
canada16
Did this a couple months ago.


same here


ditto
#13
Mentos
pandpand
Mentos
I have to say I'm astounded CC companies are allowed to label these deals as 0%. IMO its highly misleading.Thats a comment on the practise, not on wether this is a good deal or not. Not sure of the current balance transfer deals so haven't voted, I'm more interested in the purchase deals and if ones good the other usually isn't (as illustrated in this case).
Why is it misleading ? CC companies are obliged to count payments against the balance earning the highest rate, so funds transferred on a zero rated scheme for 18 months would accrue no interest for this period.
Because of the mandatory 2.9% fee, perhaps I should have made it clearer in my previous post. BTW the way payments are allocated has only recently changed, so it wouldn't have been the case this time last year (I know, my assistant made the mistake of not flipping over my Virgin Card bill and as a result I underpaid :().

I see your point; you could argue that rather than being 18 months at 0% but with a 2.9% fee the deal you are actually getting is 18 months at %1.93 with no fee.
3 Likes #14
Good if you are a massive **** up with money and like to spend what you don't have.
#15
mills85
Good if you are a massive **** up with money and like to spend what you don't have.

That's only if you're irresponsible with money. In which case you probably wouldn't qualify for one in the first place because I'm pretty sure your credit rating would be rubbish.

I know quite a few people who use their credit cards to pay for everything, collecting the cashback, and clearing the entire balance off each month by direct debit. That's smart, considering you earn no interest whatsoever using a debit account these days.

Edited By: ClubLife on Feb 25, 2011 15:52
#16
I used to have an mbna card a few years ago and the limit was £16k not a good idea
good deal on the barclaycard though
#17
pandpand
Mentos
pandpand
Mentos
I have to say I'm astounded CC companies are allowed to label these deals as 0%. IMO its highly misleading.Thats a comment on the practise, not on wether this is a good deal or not. Not sure of the current balance transfer deals so haven't voted, I'm more interested in the purchase deals and if ones good the other usually isn't (as illustrated in this case).
Why is it misleading ? CC companies are obliged to count payments against the balance earning the highest rate, so funds transferred on a zero rated scheme for 18 months would accrue no interest for this period.
Because of the mandatory 2.9% fee, perhaps I should have made it clearer in my previous post. BTW the way payments are allocated has only recently changed, so it wouldn't have been the case this time last year (I know, my assistant made the mistake of not flipping over my Virgin Card bill and as a result I underpaid :().
I see your point; you could argue that rather than being 18 months at 0% but with a 2.9% fee the deal you are actually getting is 18 months at %1.93 with no fee.

Exactly. IMO if you have to pay back more then you borrowed its not 0%, however they choose to label the extra.

The fact that its not a fixed fee makes this practise extremely dubious IMO. If it was a fixed fee of say £x I may give them the benefit of the doubt.
#18
signed up to barclaycard last month was accepted and they sent card out with 3k limit then 2 days later cut the card off when i phone up no one can give me the reason why and struggling to get them to remove it off my credit report :(
#19
mills85
Good if you are a massive **** up with money and like to spend what you don't have.


You ever heard of financial leverage?
#20
You'd be unlikely to get the balance transfer in before end Feb for the £20 off bonus (from my experience). Still a damn good deal though - stoozing!
#21
Though I can understand people wanting better terms etc with their buying medium, I'm not sure a piece of plastic that gets you into debt is what I'd call a hot deal......
#22
why do you advertise this. People has been ruined by CC's and gambling

Edited By: bobo53 on Feb 25, 2011 17:13
#23
Had a barclays credit card about 12months ago at this rate, they've increased the interest free period so far to 25 months!!
#24
ClubLife
mills85
Good if you are a massive **** up with money and like to spend what you don't have.

That's only if you're irresponsible with money. In which case you probably wouldn't qualify for one in the first place because I'm pretty sure your credit rating would be rubbish.

I know quite a few people who use their credit cards to pay for everything, collecting the cashback, and clearing the entire balance off each month by direct debit. That's smart, considering you earn no interest whatsoever using a debit account these days.


if they pay off the entire balance of their credit card monthly, why would they need to switch to this deal? oO
#25
any recommendations on credit card for cashback or points that can be exchange for vouchers?
#26
mills85
Good if you are a massive **** up with money and like to spend what you don't have.

Sometimes in life you get unexpected costs out of the blue which have to be financed in some way.

Given that interest rates available on loans these days are not very attractive for most then using credit cards and then making use of the various 0% deals can actually save you a lot of money compared to taking out a conventional loan instead, but only if you manage the situation properly.
#27
bobo53
why do you advertise this. People has been ruined by CC's and gambling

I would agree that the interest rates on credit cards are ridiculous, but there has to be a certain level of personal responsibilty when someone gets into financial trouble.

If someone buys something they couldn't really afford because a bank gave them a credit card the ultimate responsibilty has to lie with the individual.

Should there be more control on the amount of credit that can be offered to an individual?

Of course there should be as in the end the spending of the irresponsible impacts on the rates charged to those who manage their finances properly.

Can that person blame the banks for giving them the credit card in the first place?

No.

This is a good deal for people wishing to reduce the amount of interest they are currently paying on an existing credit card, those people should not miss out on a deal because others cannot be trusted to live within their financial means
1 Like #28
toonarmani
ClubLife
mills85
Good if you are a massive **** up with money and like to spend what you don't have.

That's only if you're irresponsible with money. In which case you probably wouldn't qualify for one in the first place because I'm pretty sure your credit rating would be rubbish.

I know quite a few people who use their credit cards to pay for everything, collecting the cashback, and clearing the entire balance off each month by direct debit. That's smart, considering you earn no interest whatsoever using a debit account these days.


if they pay off the entire balance of their credit card monthly, why would they need to switch to this deal? oO

Where did I say that? This obviously isn't a cashback card, is it? ;) I was simply commenting on a benefit of using certain credit cards.
#29
willgimmence
Talking of credit limits, I was amazed at how much MBNA give you! I was given £6000 the other day - almost thought it was a mistake!


I ordered one (barclaycard) at the start of the week, I received a email saying that it had been accepted and that the credit limit was nearly 9000
No wonder there are so many people out there owing out so much money
#30
Good offer but they don't tell you (like most card providers) how credit they will give you until you have been accepted. Thus if you already have a balance to transfer you need to hope they give you enough or beg for more.
#31
Mentos
pandpand
Mentos
pandpand
Mentos
I have to say I'm astounded CC companies are allowed to label these deals as 0%. IMO its highly misleading.Thats a comment on the practise, not on wether this is a good deal or not. Not sure of the current balance transfer deals so haven't voted, I'm more interested in the purchase deals and if ones good the other usually isn't (as illustrated in this case).
Why is it misleading ? CC companies are obliged to count payments against the balance earning the highest rate, so funds transferred on a zero rated scheme for 18 months would accrue no interest for this period.
Because of the mandatory 2.9% fee, perhaps I should have made it clearer in my previous post. BTW the way payments are allocated has only recently changed, so it wouldn't have been the case this time last year (I know, my assistant made the mistake of not flipping over my Virgin Card bill and as a result I underpaid :().
I see your point; you could argue that rather than being 18 months at 0% but with a 2.9% fee the deal you are actually getting is 18 months at %1.93 with no fee.


Exactly. IMO if you have to pay back more then you borrowed its not 0%, however they choose to label the extra.

The fact that its not a fixed fee makes this practise extremely dubious IMO. If it was a fixed fee of say £x I may give them the benefit of the doubt.


fixed fees are / soon to be a thing of the past. FSA guidelines say that minimum payments should be 1% of the balance.
A lot of companies such as halifax already follow this and this week all virgin customers have just been shocked by the letter telling them that they now have massive monthly payment hikes
#32
would not touch barclay s none english call centres nothing but trouble this company
#33
Goodfella UK
willgimmence
Talking of credit limits, I was amazed at how much MBNA give you! I was given £6000 the other day - almost thought it was a mistake!


I ordered one (barclaycard) at the start of the week, I received a email saying that it had been accepted and that the credit limit was nearly 9000
No wonder there are so many people out there owing out so much money

Goodfella UK
willgimmence
Talking of credit limits, I was amazed at how much MBNA give you! I was given £6000 the other day - almost thought it was a mistake!


I ordered one (barclaycard) at the start of the week, I received a email saying that it had been accepted and that the credit limit was nearly 9000
No wonder there are so many people out there owing out so much money


Yes, but it's entirely *your* choice as to whether you use the amount you are offered. Seems to me that people don't want to take responsibility for the poor choices they make. If you spend the £9000, you have no one but yourself to blame if you find you can't pay it off.
#34
It worked for Duncan Bannatyne lol
#35
Good deal! just applied! cheers
#36
deal.
#37
Good deal. Got accepted but it didn't advise me of any credit limit after the application was accepted. I take it this was the same for everyone.
#38
Credit cards are the creation of the Devil himself http://media.bigoo.ws/content/smile/happy/happy_61.gif
#39
I already have a normal Barclaycard and a Barclaycard OnePulse - both credit cards

Does that mean they'd be unlikely to give me a Platinum cc?

If they did, would I be able to transfer the balance from one of my Barclaycard cc's to this new card?
#40
Used in the right way this deal can save someone so much money. But the best thing is not having to worry for 18months and a year and a half is a very long time indeed!

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Top of Page
Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!