24 Months 0% Balance Transfer @ Barclaycard
1080°Expired

24 Months 0% Balance Transfer @ Barclaycard

214
Found 18th Jan 2012
It's back!

I got mine in July last year and I still have another 18 months left to go, which is longer than most cards offer in the first place!

It's a great deal, but it was only around for a couple of months in the summer so I would assume it'll be the same this time around.

Get it while you can, I've not looked back since getting mine.

Info Added From MSE......

Balance transfer length & fee: 24 mths 0%, 3.2% fee
Rep variable APR: 17.9% (Official APR Example)
Card issuer: Visa
Min repayment: Greater of 1% of balance plus interest, 2.25% of balance or £5.
Any restrictions? Must transfer balance within 60 days!
Min income: £20,000 to apply for the card.
- herby247

214 Comments

% on purchases? % on cash?

Do you need a brilliant credit history for this? x

I will never need Credit Card.

If i can't afford - i don't buy anything.

Of course you will need a top credit rating to get this.

Amazing deal. I assume there's a balance transfer fee of around 3% but you can't avoid that these days.

Only for the financially savy though!

klopikxda

I will never need Credit Card. If i can't afford - i don't buy anything.



Welcome aboard the Moral Express

klopikxda

I will never need Credit Card.If i can't afford - i don't buy anything.



Good luck with buying a house...

mattpreston11

% on purchases? % on cash?



The deal is on balance transfers. If you're doing that then you shouldn't be using the card for purchases or cash withdrawls as well.

ITS NOT 0% - this prcatice/misinformation should be banned

not ops fault, so not voted but i cant see how the finance companies can get away with this

klopikxda

I will never need Credit Card.If i can't afford - i don't buy anything.



and if you buy something and the company takes your money and fails to deliver you have lost your money for good - cc's offer protection

mattpreston11

% on purchases? % on cash?


Just on balance transfers, I've not looked at the offer, but imagine the transfer will incur a one off fee around 3%.
Just checked it's a transfer fee of 3.2%.

Edited by: "Kermit2004" 18th Jan 2012

klopikxda

I will never need Credit Card. If i can't afford - i don't buy anything.



If I can't afford, I don't buy. But I use a credit card for nearly all my purchases. I get £5 cash back per month for spending £300 a month on my Halifax Clarity card, and extra interest on the cash I would have spent as it sits in my savings account for about a month longer than it would have done otherwise. Credit cards are not just for those that overspend, they are also for those that can budget and want to save themselves a few quid extra.

Banned

Those that say you shouldn't have a credit card have no idea - without building up a credit rating you will struggle to get a mortgage! As for the transfer fee, it was introduced to stop people from stoozing (moving from one 0% card to another without paying the debt off) and is tiny compared to the high interest rates you would otherwise be paying.

Amazing deal, good find!

winstonmanc

If I can't afford, I don't buy. But I use a credit card for nearly all my … If I can't afford, I don't buy. But I use a credit card for nearly all my purchases. I get £5 cash back per month for spending £300 a month on my Halifax Clarity card, and extra interest on the cash I would have spent as it sits in my savings account for about a month longer than it would have done otherwise. Credit cards are not just for those that overspend, they are also for those that can budget and want to save themselves a few quid extra.



This is true.
Credit cards only become your enemy if you can't pay the balance off regularly.
Good alternative to a loan in this example.

klopikxda

I will never need Credit Card.If i can't afford - i don't buy anything.



Sometimes I wish you could 'dislike' comments on this site. An uneducated comment if I ever saw one.

royals

and if you buy something and the company takes your money and fails to … and if you buy something and the company takes your money and fails to deliver you have lost your money for good - cc's offer protection



Visa debit cards offer the same protection.

you need to be at least 21 years old!

Keer-en

Visa debit cards offer the same protection.


Nowhere near the same level of protection for free.

Also, Credit cards are always useful, for example.. I had to pay for a very expensive car bill ~£450 1 week before pay day. Completely unexpected. As long as you don't spend more than you can afford, there's no issue.

Kermit2004

Good luck with buying a house...



I think the poster meant unsecured credit.

Kermit2004

Credit cards only become your enemy if you can't pay the balance off … Credit cards only become your enemy if you can't pay the balance off regularly.Good alternative to a loan in this example.


Excellent alternative to a loan. Try find loan for annual rate 1.6%... good luck. I bought a house and spend few grands for furniture (I paid unexpected extra 10% more deposit), after month I transferred all money to another credit card, year later I paid whole balance. Overall I had "loan" with 2.9% rate Lowest loan bank rate when we searched 8.99%.

I got knocked back. Got a default that falls off next year.

Remember kids pay into your current account when you're on a gap year or they'll pull your account and you won't know.

Wish they would allow me to extend mine, as I am with them and its ending in feb, wish I could pay another transfer fee to keep the 0% intrest rate. Now I go looking for another intrest free credit card.

Banned

Those that say you shouldn't have a credit card have no idea - without building up a credit rating you will struggle to get a mortgage! As for the transfer fee, it was introduced to stop people from stoozing (moving from one 0% card to another without paying the debt off) and is tiny compared to the high interest rates you would otherwise be paying.

Amazing deal, good find!

cjblfc

Sometimes I wish you could 'dislike' comments on this site. An uneducated … Sometimes I wish you could 'dislike' comments on this site. An uneducated comment if I ever saw one.



But is it really uneducated? There are many people in uncontrolled debt and arguably they should have applied this mantra. I personally use credit cards as a way of optimising my cashflow and increasing my interest earnings etc. However, I have friends that started with this intention who have ended up in difficulties. 'Dislike' your uneducated comment.

Barclaycard Customer Service is terrible. Good luck if you go with them. You may not want to stay for too long.

winstonmanc

If I can't afford, I don't buy. But I use a credit card for nearly all my … If I can't afford, I don't buy. But I use a credit card for nearly all my purchases. I get £5 cash back per month for spending £300 a month on my Halifax Clarity card, and extra interest on the cash I would have spent as it sits in my savings account for about a month longer than it would have done otherwise. Credit cards are not just for those that overspend, they are also for those that can budget and want to save themselves a few quid extra.



That's a good return on £300 - £5 Is it capped or a % - Couldn't find it on their site

canada16

Wish they would allow me to extend mine, as I am with them and its ending … Wish they would allow me to extend mine, as I am with them and its ending in feb, wish I could pay another transfer fee to keep the 0% intrest rate. Now I go looking for another intrest free credit card.



The Halifax 22 Month Balance Transfer Card is a good alternative if you already have a Barclaycard.

halifax.co.uk/cre…rd/

Keer-en

Visa debit cards offer the same protection.


With a debit card the money is taken straight from your account, with a credit card the payment needs to be made unless you have a standing order to automatically settle the balance.

So what I'm saying is it's easier and a lot less stressful to dispute a payment when the money still remains in your account. Banks often advise people to pay for things on a credit card rather than a debit card due to the extra protection, especially if you're paying for goods in advance of receiving them. There's also the factor of travelling, when overseas I never put anything on either my personal or business debit cards as I just don't want the hassle.

Looks like it's only for new cards so I can't use it. Heat added though as it looks like the best around

credit cards are basically free money that I dont have to pay back right? 0% pay back per month yah?

Sounds good, will order and get the latest 3d tv, playstation, xbox and home cinema setup...
Edited by: "numptyj" 18th Jan 2012

klopikxda

I will never need Credit Card. If i can't afford - i don't buy anything.



It's not that simple, CCs are an excellent way of purchase protection - I often use mine to buy items online and have that assurance of being able to get my money back easily by using the card issuer's protection, rather than having to argue with a retailer.

samslinking

Those that say you shouldn't have a credit card have no idea - without … Those that say you shouldn't have a credit card have no idea - without building up a credit rating you will struggle to get a mortgage! As for the transfer fee, it was introduced to stop people from stoozing (moving from one 0% card to another without paying the debt off) and is tiny compared to the high interest rates you would otherwise be paying.Amazing deal, good find!



Or perhaps it was introduced to still grab people with the headline rate, while having a hidden charge in the small print. If it was a fixed charge perhaps it could be accepted as a deterent for stoozing and other abuse. But ultimately wether the % charge for taking their money is described as headline interest or a "set up fee" I struggle to see how CC providers have been allowed to get away with this practice for so long.

0% implies there is no cost for borrowing. Quite clearly in this case that does not hold true. There will be a cost for borrowing the money, proportionate to the amount you borrow. That famous Shakespearean line comes to mind "a rose by any other name....."

Got one through Argos compare last year, if only for the £20 in Argos vouchers I got, and yes Customer Service is truly awful.


Keer-en

Visa debit cards offer the same protection.



Nowhere near the same protection I'm afraid.

CC's come under the Consumer Credit Act (CCA), which affords you some of the most robust protection for purchases over £100.

I personally try to purchase everything using a CC and think long and hard about any purchase which doesn't allow me to use a CC.

Its important people understand their rights under the CCA, as unfortunately there is too much misinformation dished out about consumer rights in this area. And people are often left holding the can for a bad transaction when they could take it up with the Card company (or should have used their CC for the free protection).

IMO you shouldn't borrow what you don't have but if you do require a high loan these are perfect provided you can afford to pay back a reasonable amount each month (not the minimum payments) . People get suckered into credit cards, E.g need 5k for a car, you can either save up the whole year and buy cash or get one of these. Don't think they're good for long term 'loans' because it's easy to become reliant on them.

SuffolkLad222

But is it really uneducated? There are many people in uncontrolled debt … But is it really uneducated? There are many people in uncontrolled debt and arguably they should have applied this mantra. I personally use credit cards as a way of optimising my cashflow and increasing my interest earnings etc. However, I have friends that started with this intention who have ended up in difficulties. 'Dislike' your uneducated comment.



Fair enough on the dislike part but my comment was certainly not uneducated...so take that back :). I just feel that the other guy was trying to make a moral point and basically belittling people that use credit cards. Yes, there are people who abuse them or don't use them correctly but for many people who have the ability to manage their finances then there are a lot of advantages. Having credit cards has enabled me to build a good credit rating, get a mortgage, protected me on numerous occassions and allowed me to spread the cost of expensive holidays, emergencies etc at a cheaper rate than any bank will offer.

Nice deal could do with this but what sort of credit rating will you need to be accepted. Any advise welcome apart from DNT GET A CREDIT CARD IF YOU CAN'T AFFORD IT DNT BUY IT.

I had Barclay card years ago, what's the chances of getting ppi refunded by them?

samslinking

Those that say you shouldn't have a credit card have no idea - without … Those that say you shouldn't have a credit card have no idea - without building up a credit rating you will struggle to get a mortgage! As for the transfer fee, it was introduced to stop people from stoozing (moving from one 0% card to another without paying the debt off) and is tiny compared to the high interest rates you would otherwise be paying.Amazing deal, good find!



How do you know these people have no idea? You only seem to have one idea which is an assumption that everyone needs credit in the future or protection on purchases. Many many people cannot use credit responsibly and get themselves into difficulty. People that recognise themselves as potentially falling into this category who avoid the temptation are the smartest of all.

klopikxda

I will never need Credit Card. If i can't afford - i don't buy anything.



If you utilised the 0% purchase offers, the interest earned on your own money would enable you to afford more. Plus theres the potential for money saved through the free protection the CCA offers you. Store cards also offer extra earning potential for their rewards schemes. And when you come to look for a mortgage or other secured credit, a credit history demonstrating you have the ability to manage credit will yield cheaper borrowing.

Sometimes the moral high ground is not always the clever place to be
Edited by: "Mentos" 18th Jan 2012

Credit cards with 0% purchases offer are much better IMO (I have an M&S one for 15 months) - the OP forgot to state that there's a transfer fee on this. I always take out a 0% purchases and have one to hand for unplanned large values (such as when you need a new boiler or your car service is higher than expected). Adjust the monthly DD accordingly based on what's on the card and all is good.

For those who don't believe in any credit cards, my wife and I have one each which we pay off in full each month but use for all purchases - the reason being that it gets paid at the beginning of the month after the pay cheques come in, it makes life a bit easier in looking at how much you spend each month (all our other bills, mortgages, etc. come out within the first week). Depends on how you manage your money, everyone's different
Edited by: "orgfilao" 18th Jan 2012
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