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Barclaycard Balance Transfer 0% upto 32 months and low fee at 0.6% plus £20 cashback
Barclaycard Balance Transfer 0% upto 32 months and low fee at 0.6% plus £20 cashback

Barclaycard Balance Transfer 0% upto 32 months and low fee at 0.6% plus £20 cashback

From mse

This Barclaycard* card offers £20 cashback if you transfer at least £500 within 60 days, so is a decent option if you're sure you can clear it in 32 months.

Need-to-knows
To be eligible for the £20 cashback, you need to apply before 9 April and make a balance transfer of at least £500 within the first 60 days of opening the account.
The cashback will be credited to your account within 14 days of the transfer being processed.
We say 'up to' 32 mths as some may get fewer months at 0%, depending on credit score – but our eligibility calculator can tell you if you're pre-approved for it – and if you are, you'll get the full 32 months at 0%.
You can't transfer a balance from another Barclaycard.
After your 0% deal ends, you'll pay 18.9% interest a year on any balance transfer debt left over.
Always pay at least the minimum monthly repayment, or you'll lose the 0% deal.
Don't spend/withdraw cash on this card. It usually isn't at the cheap rate and cash withdrawals hit your credit file.

Transfer less than £3,330 and you won't pay any fee! As the cashback will cover the fee! Not a bad deal as basically fee free under £3,300 if less than this then they are paying you money and a decent 2 years and 8 months to pay off

16 Comments

Need to know: 0.6% fee applies

Can't you use it to buy things?

'Don't use or spend cash on this card'

Original Poster

But £20 cashback means they pay you unless you transfer more than £3,300

Anon32

But £20 cashback means they pay you unless you transfer more than £3,300


You can't cherry pick the parts of the deal that make it look hot and only post them. Yes there is £20 cashback, but there is also a fee so you're never going to see all of that £20 whatever you transfer, and if you transfer > £3300 you're still paying out to transfer (where as some cards offer no fee transfer).

I'm not saying it's not hot (I voted hot), but the transfer fee is as important a component of the deal as any other part so it is "need to know" and should not be absent on your list.

Original Poster

Jules_HT

You can't cherry pick the parts of the deal that make it look hot and … You can't cherry pick the parts of the deal that make it look hot and only post them. Yes there is £20 cashback, but there is also a fee so you're never going to see all of that £20 whatever you transfer, and if you transfer > £3300 you're still paying out to transfer (where as some cards offer no fee transfer).I'm not saying it's not hot (I voted hot), but the transfer fee is as important a component of the deal as any other part so it is "need to know" and should not be absent on your list.


Don't know what your beef is really its a website for posting deals to help people! If you don't want it then don't use it! I'm not cherry picking anything!
Added the fee now this was just a copy and paste
Edited by: "Anon32" 3rd Mar

I don't have a beef, and no offence was intended; I was just making the point that it was a need to know piece of information (which it is; no-one should ever enter into this deal without knowing that piece of info, and it was completely absent from your initial post).

As I said, I voted hot on this- for people shifting relatively small amounts of debt around it's probably the best out there. For people moving larger amounts not so much as there are 0% fee deals available. The key piece of information needed to work out whether to go for this or something else, is the fee!

Is it 0% on all spending for 32 months or just on any balance xfrd ? I have no balance to xfr ...

GwanGy

Is it 0% on all spending for 32 months or just on any balance xfrd ? I … Is it 0% on all spending for 32 months or just on any balance xfrd ? I have no balance to xfr ...


Looks like a balance transfer card

Took this out a few weeks ago and transferred just over £1k. £12 profit and 32 months interest free on my balance. You also get access to your experian credit score for free.

Free money so long as you transfer a small amount and pay it off. Can't grumble about that!

GrantD

Took this out a few weeks ago and transferred just over £1k. £12 profit a … Took this out a few weeks ago and transferred just over £1k. £12 profit and 32 months interest free on my balance. You also get access to your experian credit score for free.



For info, you can now also get your Experian score/report for free via MSE (plus clearscore is also free).

Original Poster

Jules_HT

For info, you can now also get your Experian score/report for free via … For info, you can now also get your Experian score/report for free via MSE (plus clearscore is also free).


I use checkmyfile occasionally as they quote all credit agencies! It's actually a very comprehensive service and recommended if you apply for a mortgage! However the price used to be £8 but now its nearer £15 but you can keep the credit file to download as you do not need it every month! I think people are becoming a bit obsessed by this! Years ago it was hard to get a credit file! We must remember that any company does not have to lend to you! Just as in you do not have to buy a product!

Whats the mse credit file like? Have you used it jules? Is it anywhere like checkmyfile and have you used checkmyfile? Let me know thank you

It's the Experian file, available by joining the (free) credit club http://www.moneysavingexpert.com/creditclub

Between that and Clearscore you should be able to get enough of an idea to see where you are, free of charge (I know Experian are free for a month or whatever direct, but if you're like me you used that up years ago). Hence I've not used (and don't plan to use) any paid for services at this stage - but thanks for mentioning checkmyfile, might consider it in the future.
Edited by: "Jules_HT" 6th Mar

Original Poster

Jules_HT

It's the Experian file, available by joining the (free) credit club … It's the Experian file, available by joining the (free) credit club http://www.moneysavingexpert.com/creditclubBetween that and Clearscore you should be able to get enough of an idea to see where you are, free of charge (I know Experian are free for a month or whatever direct, but if you're like me you used that up years ago). Hence I've not used (and don't plan to use) any paid for services at this stage - but thanks for mentioning checkmyfile, might consider it in the future.


Just to let you know the first time you use it, it's free so might be worth it if you're going to apply for a card mortgage etc.... It really is good and you can cancel straight away and your last file will always be available!

Useful to bear in mind, thanks.

Aww, new customers only?
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