0% Balance Transfer for 27 months - 3.5% fee @ Barclaycard
587°Expired

0% Balance Transfer for 27 months - 3.5% fee @ Barclaycard

59
Found 20th May 2013
This is the longest 0% balance transfer offer I have seen in the market, which is on the Barclaycard website.

0% interest on balance transfers for 27 months from account opening (3.5% handling fee applies). Rep variable APR is 18.9%. New customers only.

The fee is reduced from 3.9% to 3.5% (terms and conditions)
Minimum income is £20k.

If you want to pay a lower balance transfer fee, Barclaycard also offer a 0% balance transfer for 25 months with a 2.4% fee. You will need to go via money supermarket or moneysavirngexpert to get this offer.

59 Comments

I'm a financial ****. What kind of activities does this kind of account benefit? I don't yet see the pros in transferring money between accounts and paying a commission for the privilege.

The 2.4% fee 25 month is the better one

scotia2

I'm a financial ****. What kind of activities does this kind of account … I'm a financial ****. What kind of activities does this kind of account benefit? I don't yet see the pros in transferring money between accounts and paying a commission for the privilege.



Don't see the pros?

So you owe £5k on a capital one card paying 19% and don't think putting it on 0% (with a 3.5% fee) is worth it if you plan to pay most off in th 27 months?
Can use it to pay off your overdraft etc if your clever, or if you can find a good enough deal can even put into savings, your paying under 1.7% pa on it so could possibly make a profit (as long as you can afford to pay the minimum monthly repayment)

scotia2

I'm a financial ****. What kind of activities does this kind of account … I'm a financial ****. What kind of activities does this kind of account benefit? I don't yet see the pros in transferring money between accounts and paying a commission for the privilege.



It's a credit card???

Cheap interest rate for 27 months

scotia2

I'm a financial ****. What kind of activities does this kind of account … I'm a financial ****. What kind of activities does this kind of account benefit? I don't yet see the pros in transferring money between accounts and paying a commission for the privilege.



You're right you are a financial **** with a question like that.

very good find.

Great deal.

Great deal, pity its not 6 months later or I'd apply when my current one runs out !

Does anyone know if you can do a balance transfer anytime within the 27 months or only first 60-90 days the BT promo offer closed for good?

is there a way of dumping the money in an account similar to a super balance transfer? Want to buy a private used car and this would be better than a loan for me

3.5% does not = free.

I have a Barclaycard visa ( not the Barclaycard platinum, which is the card with the offer)
Am I still eligible to aplly ?? X

Original Poster

vickianneastbury

I have a Barclaycard visa ( not the Barclaycard platinum, which is the … I have a Barclaycard visa ( not the Barclaycard platinum, which is the card with the offer)Am I still eligible to aplly ?? X



I don't think so, as the conditions state new customers only. Maybe worth phoning their customer services to see what they can offer you.

Is this on new accounts only?

big8yearold

Is this on new accounts only?


Scratch that. Post above mine answers my question.

Thomablue

You're right you are a financial **** with a question like that.



No seriously, it was an honest question. I don't take loans, and I don't use credit, I didn't understand how this could appeal, so I was interested. A2DY posted a decent enough answer but you were be entirely unhelpful about it.
Edited by: "scotia2" 20th May 2013

Very nice thank you!

Rule 1: If you haven't got it, don't spend it.

Please like this to get it near the top where hopefully the debt-addicts will see it.

Tarquin8484

Rule 1: If you haven't got it, don't spend it.Please like this to get it … Rule 1: If you haven't got it, don't spend it.Please like this to get it near the top where hopefully the debt-addicts will see it.



This deal is to help people that are already in credit card debt to move it somewhere where they will pay no interest. Your naive attitude is both condescending and childish at the same time.

scotia2

I'm a financial ****. What kind of activities does this kind of account … I'm a financial ****. What kind of activities does this kind of account benefit? I don't yet see the pros in transferring money between accounts and paying a commission for the privilege.



Your Financial? Well in theory the inflation rate is 4% in the UK each year... so £2000x1.04x1.04 = 2,163.20.

In theory goods you buy now now at £2000 will cost extra £163.20 in two years, who cares what the interest is? you make the minimum payment & interest free for 25months? Your paying £48 to pay goods installments, Overdrafts/loans you will pay on a monthly basis..

So do you suggest a payday loan? because there financially viable?

Tarquin8484

Rule 1: If you haven't got it, don't spend it.Please like this to get it … Rule 1: If you haven't got it, don't spend it.Please like this to get it near the top where hopefully the debt-addicts will see it.



Oh aye, because this is really the kind of card that ruins peoples lives, isn't it?

Millions of people use credit cards responsibly to manage their monthly spending, and to keep their hard-earned in their bank account for as long as possible.

Worth having a look with Barclaycard If you only intend making minimum payments. They seem to be a higher rate than other cards. Had Barclycard twice before and I don't think there will be a third time for me.

I wish they transfer into current account , as MBNA dose.....

These offers should be outlawed and come under scrutiny against the trade descriptions act - how the hell Is this 0% when there is a 3.5% fee, scandalous

Banned

I wonder if someone here could help me. I have saved the necessary deposit for a house but the next stage is building a good credit score in order to get a more beneficial rate.

Now I have never had a credit card in my life, nor phone contract nor anything really. For some reason having simply awesome superhero like control of my finances scares the hell out of these mortgage people and so from what I understand I need to take out a credit card and spend lots to get a good credit rating.

Would this card be suitable to build credit? Would I use it for big one off purchases or just everything? Would I be best paying off everything every month or letting it build up over 12 months then making a singular big pay off? I've looked into this all a few times before, but it really does go over my head

if you have had a barclaycard in the last 12 months can you still apply or require to wait until the 12 month timeline period expires? I guess by that time 3-6 months this offer will be expired.

royals

These offers should be outlawed and come under scrutiny against the trade … These offers should be outlawed and come under scrutiny against the trade descriptions act - how the hell Is this 0% when there is a 3.5% fee, scandalous


Why even visit the deal page for a credit card if you clearly understand nothing about them?

be careful barclaycard charge missed direct debit payment when card paid off and direct debit cancelled

swoosh57

be careful barclaycard charge missed direct debit payment when card paid … be careful barclaycard charge missed direct debit payment when card paid off and direct debit cancelled



No they don't.

swoosh57

be careful barclaycard charge missed direct debit payment when card paid … be careful barclaycard charge missed direct debit payment when card paid off and direct debit cancelled



That's probably because you had interest owing the next month (usually a few quid when you pay something off, as interest is calculated on the daily balance) and didn't make the required payment. As the direct debit is a variable amount, you simply leave it until you get a £0.00 statement through - problem solved!

Thomablue

You're right you are a financial **** with a question like that.



lol, love it, great response!.

Anyone interested in this should, unless they think they'll struggle to get another card to roll over the debt, go with the 25 month deal - as others have said its a miles better offer.

Sykos

I wonder if someone here could help me. I have saved the necessary … I wonder if someone here could help me. I have saved the necessary deposit for a house but the next stage is building a good credit score in order to get a more beneficial rate.Now I have never had a credit card in my life, nor phone contract nor anything really. For some reason having simply awesome superhero like control of my finances scares the hell out of these mortgage people and so from what I understand I need to take out a credit card and spend lots to get a good credit rating. Would this card be suitable to build credit? Would I use it for big one off purchases or just everything? Would I be best paying off everything every month or letting it build up over 12 months then making a singular big pay off? I've looked into this all a few times before, but it really does go over my head



What I do having an offset mortgage is take out a 0% deal on a credit card and buy everything on it for the length of the time that the deal runs. I carefully have within my mortgage plan a savings account which I put in all the money I spend on my card so after say 18 months I will have spent say £4 -5000 pound on the card. So most of the time that amount is sitting in my savings account offsetting my mortgage say earning 3.5% interest. I pay the monthly minimum fee and kno0w that I have the amount to pay off the credit card at the end of the loan period. SO in effect the credit card company is lending me 4-5000 pounds that I earn interest on.

This can be done in a similar way by using the money you spend on the card and placing in a savings account.SO again credit card company lending you money that you can earn interest on.

2 rules always pay the minimum and always set aside what you have spent on the card so you have it to pay back.

Like others have commented I have always balked at paying 3.5% as in this case for a balance transfer as it means I don't make any interest out of the money as this is offset by the charge.

BUT if you have an outstanding loan that you are paying more than that in interest a similar thing can be done.

Again the 2 rules apply pay off minimum each month make sure you have the capital to pay off the creditcard when it comes to the end of its 0% period.


Edited by: "john-boi" 21st May 2013

Very hot deal. I've got 6k with rbs which I'll need to transfer in December as I won't be able to afford to pay it. Lets hope they have similar deals then.

Heat added

Tarquin8484

Rule 1: If you haven't got it, don't spend it.Please like this to get it … Rule 1: If you haven't got it, don't spend it.Please like this to get it near the top where hopefully the debt-addicts will see it.



I take it you don't have a mortgage then?

With your logic the entire housing market would be on its knees by next week.

Sykos

I wonder if someone here could help me. I have saved the necessary … I wonder if someone here could help me. I have saved the necessary deposit for a house but the next stage is building a good credit score in order to get a more beneficial rate.Now I have never had a credit card in my life, nor phone contract nor anything really. For some reason having simply awesome superhero like control of my finances scares the hell out of these mortgage people and so from what I understand I need to take out a credit card and spend lots to get a good credit rating. Would this card be suitable to build credit? Would I use it for big one off purchases or just everything? Would I be best paying off everything every month or letting it build up over 12 months then making a singular big pay off? I've looked into this all a few times before, but it really does go over my head



According to my bank, yes.

Apart from already having a mortgage, I'm similar in that I have no credit and don't want any.

But I have a credit card which I mainly use for online and/or large purchases .... and then clear the balance straight away. Never let it accrue any interest. Apparently, having a credit card and managing it well helps your credit rating. You do have to actually use it. As long as you use it and clear it at least a every month or two, thats enough to help your credit rating.

Or so I'm told anyway. I presume the bank aren't allowed to tell porkies along these lines and my finances are such that it's pretty obvious that I'm not likely to be stupid with it.

If all the above is a load of cobblers, blanme the bank, not me!

Oh, and it's also handy for the extra protection it offers when used online.

You're right you are a financial **** with a question like that.



Oh the drama!, a stranger on the internet doesn't like him, Oh woe! how will he ever cope with the loss of sleep that will cause.

I don't use credit, I didn't understand how this could appeal, so I was … I don't use credit, I didn't understand how this could appeal, so I was interested.



Which although makes you a financial ****** by saving up and paying cash for everything and not getting into debt through buying toys just because their mates have them or a new model has come out, probably makes you the most sensible person on here!.

Edited by: "bargainhunter73" 21st May 2013

i always use a credit card to buy online purchases so to be they are a good thing then when i receive the goods i pay it off, a mate of a mine bought a second hand car on his interest free card and payed it off before it ran out so it saved him some money rather that taking a loan out
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