0% Balance Transfer for 30 months + possible £25 cashback - 2.9% fee @ Barclaycard (The longest balance transfer ever 2.5 years)
962°Expired

0% Balance Transfer for 30 months + possible £25 cashback - 2.9% fee @ Barclaycard (The longest balance transfer ever 2.5 years)

122
Found 25th Oct 2013
It's got even longer as of today. The longest 0% balance transfer card ever - 2 and a half years, a whopping 30 months (was previously 29 months):

- 0% interest on balance transfers for 30 months from account opening (2.9% fee applies)
- A fee of 4.9% will be applied, then reduced to 2.9% by a refund within 2 working days
- 0% interest on purchases for 6 months from account opening
- Apply via moneyexpert.com you can get a possible £25 cashback
- Offer applies to new customers. Terms and conditions apply.

Worked example based on a balance transfer of £2,000:
- Pay a fee of 4.9% which is £98
- Within two working days this will be reduced to 2.9% so you will only pay £58
- If you go via Moneyexpert then get £25 cashback (link posted in comments)
- End Result? You will only have paid £33 to borrow £2,000 for 29 months at a 0% rate, equivalent to £1.10 a month!

p.s remember the clocks go back at 2am Sunday, an extra hour of sleep!

122 Comments

Original Poster

Offer via Moneyexpert to get £25 cashback on an opened account.

Moneyexpert moneyexpert.com/cre…rds

Click on the product and Moneyexpert ask for some info to credit the £25. It then takes you to the 30 month 0% product where you can apply.
Edited by: "Chanchi32" 25th Oct 2013

Where do you transfer the 2k from How does it work? From another card.

wakkaday

Where do you transfer the 2k from How does it work? From another card.



You transfer it from another credit card where you maybe paying higher interest rate

Banned

useless, 2.9% fee, no thanks!

You gotta be 21 for this and 2.9% fee, cold.

hot hot... application accepted.... 5600 balance transfer on the way

bulkomuff

useless, 2.9% fee, no thanks!



I don't think 2.9% to borrow for 2.5 years is bad. Where else can you borrow at that rate?

bulkomuff

useless, 2.9% fee, no thanks!



If you are going to balance transfer £861 you will effectively pay a 0% fee, provided you are given the £25 cashback. Below £861 and you make profit.

Take the example of £2,000 - once the £25 is taken off you would effectively pay a fee of just 1.65%.

If you want to transfer a bigger amount and are happy to pay it off over just a 12 month period the Fluid card would be better for you though.

With Fluid you can get a 12 month balance transfer for just 0.75% fee here: fluid.co.uk/low…rd/
(You can also do a money transfer to your current account at 4%, which would make it a very cheap loan indeed, it would be 0% for 22 months also! Click here for that deal -->fluid.co.uk/
A balance transfer of £5,000 on the fluid 0.75% deal would cost just £37.50 but obviously only over 12 months.
n.b. the card is issued by MBNA so balance transfer would need to be from another provider's card.

Thanks OP, voted hot.



Edited by: "escortboy" 26th Oct 2013

So what you really want is to transfer £862 wich after 2.9% fee will give ~£25. And then you get £25 cash back. So u borrowing £862 for 30 months
Edited by: "lutek1000" 25th Oct 2013

Great Deal! Application Accepted £5000 Balance Transfer Yeaaahhh!!!

Banned

Good deal. Great way to shift debt or cheap borrowing, just NEVER spend on the card as well or you are in the p**

KM4353

You gotta be 21 for this and 2.9% fee, cold.



Grow up.

Brilliant, accepted with 10K credit limit!!!

I have a Barclaycard already, if I close it down... does anyone know how long I'd have to wait before I can open a new and be considered a new customer?

Btw. Hot deal!

Sorry no idea.

Just realised my BT fee on around £6k is £176

Can you use this to transfer an overdraft?

ricoshay

I have a Barclaycard already, if I close it down... does anyone know how … I have a Barclaycard already, if I close it down... does anyone know how long I'd have to wait before I can open a new and be considered a new customer?Btw. Hot deal!



I applied for this even though im an existing customer and was accepted, also £10,000 credit limit.

I have in the past had three Barclay cards on the go, but you cant transfer balances between the three of them.
General rule of thumb though is, you can re apply for any deal or card after six months.
Hope this helps

Voted hot Thanks OP

KM4353

You gotta be 21 for this and 2.9% fee, cold.



Idiot

bulkomuff

useless, 2.9% fee, no thanks!



another Idiot

Can i transfer balance from store cards like argos card etc? Thanks

sirmaggie

Idiot



You hurt my feelings

http://data3.whicdn.com/images/71064095/large.gif

I'm surprised at the credit limits being given to people. Very good tho. Found in the past if trying to do a balance transfer they would offer significantly less credit limit than balance on the current card making it a bit of a hassle. Fortunately my credit card days are over but this is hot or those In need

Cheers OP, can now transfer all my cards onto one and by the time the 0% finishes I'll have my shares to pay off. I feel kinda free lol

Can you get this credit card and pay off another one with another bank. Clueless to this stuff?

Just a great deal to get your Christmas debt. Cold

got mine delivered yesterday with 5k limit and i don't even need it, just applied to see what happens lol. great deal extra money if in need ever
Edited by: "blindlights01" 26th Oct 2013

dirtydens

Can you get this credit card and pay off another one with another bank. … Can you get this credit card and pay off another one with another bank. Clueless to this stuff?



Yes, a balance transfer means you give them your existing credit card number which you owe money on. You tell them how much you owe and they will pay it off for you. The fee is the amount that you pay on however much they pay off for you.
A 2.9% fee on £1,000 is £29. You then just post minimum payments, e.g. £14 a month for 30 months without paying any interest. Obviously you can pay off as much as you like on top of the minimum repayment.

ather7851

Can i transfer balance from store cards like argos card etc? Thanks



Yes. I did store cards on my Barclaycard platinum a few years ago. Just need your card number handy and they will pay it off.

sbrown25

Can you use this to t'wnsfer an overdraft?



No you can't. You can have money paid into your account with the fluid card that I posted. 4% fee and 0% for 22 months. That will help you clear the overdraft for a year.

I was thinking something and was wondering whether it would work?
If you did a balance transfer of £2,000 on a card you owe £1,000 on would that put your credit card in credit? You could then ring up and say 'whoops, I've overpaid, can you refund it into my bank account please?' Voila you have cash to spend that you've only paid 2.9% to borrow for 30 months.
Edited by: "escortboy" 26th Oct 2013

Does anyone know if you can use this card to transfer the balance from several credit cards? I have two credit cards on which the interest free period is due to expire, so I'd like to transfer them both.

Salhud01- As far as my experience goes, at the point of card application they ask for details of cards that you want to transfer from. It usually is only limited by the total amount rather than the number of accounts the money is coming from.

huddle

Does anyone know if you can use this card to transfer the balance from … Does anyone know if you can use this card to transfer the balance from several credit cards? I have two credit cards on which the interest free period is due to expire, so I'd like to transfer them both.



As long as the amount they add up to is within the limit allowed for balance transfers (this will be 90-95% of your credit limit usually)

Banned

sirmaggie

another Idiot



I have 2 tesco credit cards that were for balance transfer purposes, both 0% and both NO BALANCE TRANSFER FEE! I don't think that qualifies me as an idiot does it?

Getting round the 6 months purchase interest free period...do you reckon it'd be possible to make a big spend on another credit card and then balance transfer that over? Thus getting a 30 month interest free period.

Finally I've been accepted on one of these offers. That's no more interest for me on £1800. Won't be long before I'm completely debt free now after 5 difficult years.

If you can't afford it don't buy it!

What's so smart about your iPhone, Superdry stuff, X-Box, etc. if it's all on tick?

nicolanicolanicola

Getting round the 6 months purchase interest free period...do you reckon … Getting round the 6 months purchase interest free period...do you reckon it'd be possible to make a big spend on another credit card and then balance transfer that over? Thus getting a 30 month interest free period.



Not sure I know what you mean here. Do you mean buying something big on another card and then transferring it to this?
If so it depends on how long the balance transfer window is for Barclaycard after you open the account. From my experience it's been no longer than 3 months but ring them up and ask.
Edited by: "escortboy" 26th Oct 2013

Original Poster

escortboy

Not sure I know what you mean here. Do you mean buying something big on … Not sure I know what you mean here. Do you mean buying something big on another card and then transferring it to this?If so it depends on how long the balance transfer window is for Barclaycard after you open the account. From my experience it's been no longer than 3 months but ring them up and ask.



Thats right. You have 60 days from opening your acount to balance transfer at this promotional rate. Cheers

Mikey1610

Finally I've been accepted on one of these offers. That's no more … Finally I've been accepted on one of these offers. That's no more interest for me on £1800. Won't be long before I'm completely debt free now after 5 difficult years.



If you will struggle to pay it off quickly divide the amount you are transferring over into 30 payments and call customer services asking to set up a payment for that amount to be taken from your bank account every month as a standing order. You will likely not notice it coming out each month that much and if you don't do this you will find yourself still saddled with the debt at the end of 30 months.

In your case it would be £1800/30=£60 a month
Obviously the minimum payments would be eating away at it also do I leave that running alongside this meaning I finish a little earlier and the credit card company has to send some money back to be as I overpay in the final month.

Well done on getting to grips with your finances and always remember take control of your debt don't let it control you.

Supersaverg

Good deal. Great way to shift debt or cheap borrowing, just NEVER spend … Good deal. Great way to shift debt or cheap borrowing, just NEVER spend on the card as well or you are in the p**


All credit cards now have a positive hierarchy for payments so that isn't true
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