cracking deal, cashback makes it that wee bit sweeter. Good for those trying to get their finances in order as part of any New Year commitments or purchases

ivandias

How does this work..? can anyone explain...

If you have a credit card and are paying interest or have a 0% purchases period ending, you can transfer the balance to this card and pay 0% on the total transferred for 42 months. After the 42 months, the rate on any remaining balance transfers reverts to 18.9% APR. You could then transfer it again to another provider. You pay a 2.99% fee on the transfer total You have 60 days to transfer the balances from other cars at 0% rate and 42 months to pay off before interest rate rises to 18.9%

Edited by: "lukeo44" 10th Jan 2017

Could I use this card to clear my overdraft as my bank is charging me ridiculous charges each month thanks in advance.

MagazineBrian

Could I use this card to clear my overdraft as my bank is charging me … Could I use this card to clear my overdraft as my bank is charging me ridiculous charges each month thanks in advance.

Could I use this card to clear my overdraft as my bank is charging me … Could I use this card to clear my overdraft as my bank is charging me ridiculous charges each month thanks in advance.

Sometimes they have Money transfer offer - so you can transfer money to current account with 2.99% fee and 0% for 1-1.5 years...

Edited by: "Mogolent" 10th Jan 2017

Work for store cards?

Also reading into it do you have to pay monthly payments off?

What's to stop me transferring exactly £500, cost approx £15, and then getting the cashback of £20? Profit £5 and a free loan for 42 months. Have I missed something?

Im trying to figure out what minimum repayment is each month?

bear91

Im trying to figure out what minimum repayment is each month?

2.25% of outstanding balance.

What's to stop me transferring exactly £500, cost approx £15, and then g … What's to stop me transferring exactly £500, cost approx £15, and then getting the cashback of £20? Profit £5 and a free loan for 42 months.Have I missed something?

If you have an existing Barclay card; no cashback.

bob51

What's to stop me transferring exactly £500, cost approx £15, and then g … What's to stop me transferring exactly £500, cost approx £15, and then getting the cashback of £20? Profit £5 and a free loan for 42 months.Have I missed something?

Nothing as long as you have an existing card with at least £500 on it you can transfer

Can existing barclaycard holders get this? (minus the cashback)

mbk07

Can existing barclaycard holders get this? (minus the cashback)

Yes, provided your existing card is not a balance transfer card.

bear91

Im trying to figure out what minimum repayment is each month?

What's to stop me transferring exactly £500, cost approx £15, and then g … What's to stop me transferring exactly £500, cost approx £15, and then getting the cashback of £20? Profit £5 and a free loan for 42 months.Have I missed something?

How can it be 0% then? Or am i missing something

bear91

How can it be 0% then? Or am i missing something

Yes you are missing something

howbord

Yes you are missing something

Thanks helpful

bear91

Thanks helpful

you have to make the minimum payments every month or you will default and the interest will then begin. If you make the minimum payment every month you pay 0 interest but you still have to pay off the debt. so the key is transfer a balance but make sure you can pay off the minimum payment every month.

carloszoe1982

you have to make the minimum payments every month or you will default a … you have to make the minimum payments every month or you will default and the interest will then begin. If you make the minimum payment every month you pay 0 interest but you still have to pay off the debt. so the key is transfer a balance but make sure you can pay off the minimum payment every month.

Cheers after digging worked it all out lol thanks for help

Halifax deal slightly better

just transferred 200 for Halifax deal, if it all works I'm 38.60 up

chaywa

You'll want a Money Transfer card for that. … You'll want a Money Transfer card for that. http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs

thank you much appreciated for the help.

Could I use this to pay off outstanding car finance? On a 0% pcp deal that is up in May but I can pay up any time. Could I use this to pay off the remaining balance on the car (or at least a portion of it) in order to prolong the 0% and keep the money in my own savings account for a few years longer?

Mogolent

Sometimes they have Money transfer offer - so you can transfer money to … Sometimes they have Money transfer offer - so you can transfer money to current account with 2.99% fee and 0% for 1-1.5 years...

santander doing 41 months with no BT fee but £3 pcm

bob51

What's to stop me transferring exactly £500, cost approx £15, and then g … What's to stop me transferring exactly £500, cost approx £15, and then getting the cashback of £20? Profit £5 and a free loan for 42 months.Have I missed something?

Nothing.

bear91

Cheers after digging worked it all out lol thanks for help

The monthly minimum payment is usually higher than other credit cards which is worth being aware of.

mbk07

Can existing barclaycard holders get this? (minus the cashback)

No, you cannot. I just asked them the same question and was refused.

ses6jwg

santander doing 41 months with no BT fee but £3 pcm

That seems a much more straightforward deal. With a high amount transferred, paying £36 per year would be peanuts.

kalico

That seems a much more straightforward deal. With a high amount … That seems a much more straightforward deal. With a high amount transferred, paying £36 per year would be peanuts.

Yes probably a winner for higher balances

Recieved this card in order to transfer a balance from another card but the credit limit was insufficient to cover the entire amount and will now have to wait another 4 months for my acount to be reviewed and hopefully get an increase in my credit limit. What would be the % charged to transfer a balance after the 60 day cut off?

If you have a credit card and are paying interest or have a 0% purchases period ending, you can transfer the balance to this card and pay 0% on the total transferred for 42 months. After the 42 months, the rate on any remaining balance transfers reverts to 18.9% APR. You could then transfer it again to another provider.

You pay a 2.99% fee on the transfer total

You have 60 days to transfer the balances from other cars at 0% rate and 42 months to pay off before interest rate rises to 18.9%

Edited by:"lukeo44" 10th Jan 2017You'll want a Money Transfer card for that.

moneysavingexpert.com/loa…sts

Sometimes they have Money transfer offer - so you can transfer money to current account with 2.99% fee and 0% for 1-1.5 years...

Edited by:"Mogolent" 10th Jan 2017Have I missed something?

2.25% of outstanding balance.

If you have an existing Barclay card; no cashback.

Nothing as long as you have an existing card with at least £500 on it you can transfer

Yes, provided your existing card is not a balance transfer card.

How can it be 0% then? Or am i missing something

Yes you are missing something

Thanks helpful

you have to make the minimum payments every month or you will default and the interest will then begin. If you make the minimum payment every month you pay 0 interest but you still have to pay off the debt. so the key is transfer a balance but make sure you can pay off the minimum payment every month.

Cheers after digging worked it all out lol thanks for help

thank you much appreciated for the help.

santander doing 41 months with no BT fee but £3 pcm

Nothing.

The monthly minimum payment is usually higher than other credit cards which is worth being aware of.

No, you cannot. I just asked them the same question and was refused.

That seems a much more straightforward deal. With a high amount transferred, paying £36 per year would be peanuts.

Yes probably a winner for higher balances