24 Month 0% Balance Transfer @ Barclaycard
840°Expired

24 Month 0% Balance Transfer @ Barclaycard

149
Found 18th Jul 2011
Looks like Barclaycard are offering the longest ever 0% balance transfer deal - now at 24 months!

The best deal until today was 20 months interest free.

I remember the best I could find last year was 16 months so quite a big improvement since then!

149 Comments

What fee are they charging?

0% interest on balance transfers for 2 years from account opening (3.2% handling fee applies) Plus, refund offer which reduces handling fee to equivalent of 2.8% for everyone (terms and conditions apply)
£20 off your balance transfer fee when you transfer a balance of £3000 or more (terms and conditions apply)
0% interest on purchases for three months from opening your account.
A reward programme like no other, with Barclaycard Freedom automatically earn while you shop at participating retailers.

Sorry, but unless it is fee free, not interested - but good for peeps that cannot afford to pay off a balance now.

stesavingexpert

What fee are they charging?



3.2% standard, 2.8% if you get their 'deal' - •You will be refunded the difference between the 3.2% and 2.8% balance transfer fee, so your effective fee will be 2.8%.
•The refund will be credited to your account within 28 days from the date your balance transfer is processed.
•You will qualify for this offer provided that:
- You transfer a balance to your Barclaycard Platinum card within 60 days of opening your Barclaycard Platinum card.
- Your Barclaycard Platinum account is not in default at the time that the credit is due.
- You have not given us notice to withdraw or to close the account at the time that the credit is due.
•The offer is only valid for new customers applying through this site and may be withdrawn at any time.

Want some time out from paying interest on your balance transfer
Have a good credit rating
Have no history of bankruptcy
Have not had any County Court Judgments (CCJs) or Individual Voluntary Arrangements (IVAs) registered against you in the past 5 years
Have a history of managing credit commitments well i.e. have existing credit and at least 4 years of experience managing credit cards, loans, overdraft or mortgage
Have always made payments on time
Don't already have a Barclaycard
Have had a permanent UK address for 3 months or more
Have a regular income of more than £20,000 pa
Are aged 21 or over

A great deal IMO. Yes you have to pay a fee but for people with a few grand on a card it is a cheaper way to pay it of if you haven't got the cash to pay it off straight away.
The interest payments after a few months will be more than the fee.

Hot from me.

Great deal,shame have already got Barclaycard

Thomablue

Great deal,shame have already got Barclaycard



Ditto.:(

maccy1

0% interest on balance transfers for 2 years from account opening (3.2% … 0% interest on balance transfers for 2 years from account opening (3.2% handling fee applies) Plus, refund offer which reduces handling fee to equivalent of 2.8% for everyone (terms and conditions apply) £20 off your balance transfer fee when you transfer a balance of £3000 or more (terms and conditions apply) 0% interest on purchases for three months from opening your account. A reward programme like no other, with Barclaycard Freedom automatically earn while you shop at participating retailers. Sorry, but unless it is fee free, not interested - but good for peeps that cannot afford to pay off a balance now.



You'll never find a fee free transfer so guess you'll never be interested!

There are more reasons that the one you've stated for getting a long balance transfer deal...cheap loan...

Brilliant deal.

In before the 'they will make you spend again and increase the balance' clowns.

REMEMBER - NEVER SPEND ON A CARD WITH A BALANCE TRANSFER

as when you pay the monthly bill you will be paying off the balance transfer and you will get charged interest for the purchases.

Great deal - 2 year loan, £7k for example will cost only £200 in fees, great if you need a car.

Already have a BC, and about 6 others so am running out of deals
Edited by: "paul.jacobs" 18th Jul 2011

REMEMBER - NEVER SPEND ON A CARD WITH A BALANCE TRANSFER



Not any more. I believe something was passed to prevent this and now credit card companies are obliged to use your payment to credit the highest rate of interest first. Check with the bank of course, but I know its the case for me.

That being said, spending on multi purpose card often means setting a direct debit up to only pay the minimum balance (as full payment would clear even the transfer!) and having to manually pay the difference between monthly spending and the balance transfer.

The days when these offers could be stoozed have long gone.

We need some dodgy Icelandic banks to start offering 10% rates on savings.

will this be good to pay of my overdraft ? i pay 20 quid a month for a certain overdraft amount and now im ready to get my head out of my **** and try to become debt free !!!

Nuff Said

The days when these offers could be stoozed have long gone.We need some … The days when these offers could be stoozed have long gone.We need some dodgy Icelandic banks to start offering 10% rates on savings.



Regardless of what rate you pay tax at you sould be able to make somethign on this, you need to hold it for more than a year to get the index linking
nsandi.com/sav…tes

mpawood

Not any more. I believe something was passed to prevent this and now … Not any more. I believe something was passed to prevent this and now credit card companies are obliged to use your payment to credit the highest rate of interest first. Check with the bank of course, but I know its the case for me.



You are correct. I think it this happened at the end of 2010.

This would have been good for my existing credit card with high apr but application was turned down. On the road to being completely debt free. Paid off around 18k over last 4 years with 7.5 remaining and never missed a payment. Debt is pure nasty and once I'm done I'll never get anything on credit again. Owe this site a lot for helping me see sense.

beansy

Want some time out from paying interest on your balance transfer Have … Want some time out from paying interest on your balance transfer Have a good credit rating Have no history of bankruptcy Have not had any County Court Judgments (CCJs) or Individual Voluntary Arrangements (IVAs) registered against you in the past 5 years Have a history of managing credit commitments well i.e. have existing credit and at least 4 years of experience managing credit cards, loans, overdraft or mortgage Have always made payments on time Don't already have a Barclaycard Have had a permanent UK address for 3 months or more Have a regular income of more than £20,000 pa Are aged 21 or over



Is the highlighted part mandatory? I don't earn more than that but can tick all the other boxes...

or maybe im just being daft !! LOL

One piece of advice: ALWAYS pay on time. If you miss a payment you will lose the remaining interest-free period.

Don't do what i did and transfer across several thousands worth of debt, forget the first payment, and end up paying a higher APR (19.9%) than the card i transferred from!!

....idiot. :P
Edited by: "publandlord" 18th Jul 2011

jamcam88

Is the highlighted part mandatory? I don't earn more than that but can … Is the highlighted part mandatory? I don't earn more than that but can tick all the other boxes...



I tick all the boxes and was declined their 18 month card. Stupid barlcays will just stick with halifax (could it be because I already have 2 credit cards maybe?)

smk77

You'll never find a fee free transfer so guess you'll never be interested!



Apart from the Santandar offer you mean ? LOL

One piece of advise: ALWAYS pay on time. If you miss a payment you will … One piece of advise: ALWAYS pay on time. If you miss a payment you will lose the remaining interest-free period.Don't do what i did and transfer across several thousands worth of debt, forget the first payment, and end up paying a higher APR (19.9%) than the card i transferred from!!



The simplest way of doing this is to set up a direct debit to pay the minimum amount each month as soon as you take out the card.

For anyone that doesn't meet the criteria, I earn £18K a year which is a pittance considering my skills, which is of no concern here anyway, had a few beers so talking cack, anyway, check moneysavingexpert which will definitely help you choose the right deal >

moneysavingexpert.com/car…rds

smk77

You'll never find a fee free transfer so guess you'll never be … You'll never find a fee free transfer so guess you'll never be interested!There are more reasons that the one you've stated for getting a long balance transfer deal...cheap loan...


Might not be to everyone's taste since:
a) it's Santander
b) it's only 6 months interest free
c) it's Santander

but if you have a current account with them, pay in a grand a month AND have 2 active direct debits, their CC is 0%, balance transfer fee free for 6 months

Santander Credit Card

GussieG

The simplest way of doing this is to set up a direct debit to pay the … The simplest way of doing this is to set up a direct debit to pay the minimum amount each month as soon as you take out the card.



Funny you should mention that. I tried to do it straight away from my Alliance+Leicester/Santander account, but there was some issue with the sort code not being recognised (still is, to my knowledge?). In any case, this failed and i subsequently forgot about it!

Entirely my fault, and sage advice from GussieG - set up a DD as soon as you can.

Just been accepted whoop whoop!

Thanks op

Mikey1610

This would have been good for my existing credit card with high apr but … This would have been good for my existing credit card with high apr but application was turned down. On the road to being completely debt free. Paid off around 18k over last 4 years with 7.5 remaining and never missed a payment. Debt is pure nasty and once I'm done I'll never get anything on credit again. Owe this site a lot for helping me see sense.

Aw You sound like a sensible guy anyway, wish you all the best mate

...."offering the longest ever 0% balance transfer deal"....

Not quite. About 7/8 yearas ago they offered a lifetime 0% balance transfer. I'm still paying it off (slowly).

woohoo I been accepted as well. But I dont have much to transfer on to that. Only 800 combined from two credit cards. One of the cards will be closed (Virgin) and the other will be justed use for emergencies. Im saving up for a iPad atm. Saving is fun I say.
Edited by: "mooo" 18th Jul 2011

If you already have a Barclay card, then you can get 19/20 months interest free balance transfer's, with a 3% transfer fee. We swapped ours over last week.

dude78

If you already have a Barclay card, then you can get 19/20 months … If you already have a Barclay card, then you can get 19/20 months interest free balance transfer's, with a 3% transfer fee. We swapped ours over last week.



Guess you have to ring up?

just been accepted - great deal!


Guess you have to ring up?[/quote]

Yep, but it only takes 5 mins. Although, the following day we had several answer machine messages from Barclay fraud department, checking that we really did want to transfer a balance over.

smk77

You'll never find a fee free transfer so guess you'll never be … You'll never find a fee free transfer so guess you'll never be interested!There are more reasons that the one you've stated for getting a long balance transfer deal...cheap loan...


Well, I got a Santander credit card few months ago and it comes with a 0 transfer fee

lfranz68

Well, I got a Santander credit card few months ago and it comes with a 0 … Well, I got a Santander credit card few months ago and it comes with a 0 transfer fee



How long is the interest free period? 24 months?

Clownkiller

How long is the interest free period? 24 months?


I did kinda answer that already in Post #24

boydent999

I did kinda answer that already in Post #24



It's not really comparable though is it? 6 months or 24 months...

Clownkiller

It's not really comparable though is it? 6 months or 24 months...


No, i agree, to an extent it's not
My post was more aimed at
smk77

You'll never find a fee free transfer so guess you'll never be interested!


It isn't 6 vs 24 months but the question was raised about not being able to get a zero rated transfer fee, with the inference that you can't
Ok, you have to bank with the bank of incompetence but still it is available

boydent999

you have to bank with the bank of incompetence


That narrows it down.
Post a comment
Avatar
@
    Text