Barclaycard balance transfer offer - 22 months 0% APR - with only 1.45% fee
797°Expired

Barclaycard balance transfer offer - 22 months 0% APR - with only 1.45% fee

95
Found 11th Jul 2012
This is the longest 0% offer at the moment and they are offering it with half price fee only 1.45%

% interest on balance transfers for 22 months from account opening

½ price refund offer on the balance transfer handling fee, was 2.9% now 1.45% (terms and conditions apply)

0% interest on purchases for 3 months from opening your account

Comes with the option to turn any phone into a new way to make contactless payments, with a Barclaycard PayTag. Once you're approved, we'll send you an email to see if you're interested in receiving a PayTag or you can simply visit us online to register your interest*

Paperless statements: your new account will automatically be set up with paperless statements so that you can manage your account online**
Community Updates

Groups

95 Comments
http://iaconoresearch.com/files/2012/07/12-07-06_barclays_fixed_rates.jpg
Read the small print - Barclays play a bit fast and loose with interest rates so I hear (_;)
Nice!

What about rheir recent tactics
You may also like to konw after applyimg online they only give a small limit, This is nothing to do with your credit limit, I applied and was given and £1200 limit so i cancelled my application then applied for the one with a 14 month balance transfer and was given a £6500 limit. I know i have an excellent credit score so i think they are being very crafty and possibly very selective. Other people who have been succsesful with the 22 months need to post..
Original Poster
I got a £7000 limit.
I got a £12200 limit
I got £11000 limit.
No no, no no no no, no no no no, no no, there's no limits......
I cancelled my Barclaycard recently. their customer service sucks, and is based in india.
tallpete33

Read the small print - Barclays play a bit fast and loose with interest … Read the small print - Barclays play a bit fast and loose with interest rates so I hear (_;)


That's alright, I'm not a bank, so the libor doesn't affect me.
Also, as nobody else will ever say it, kudos to Barclays for sorting out their own problems in the credit crunch. The only bank to seek private backing instead of relying on the government to bail them out.

Edited by: "wireframe" 12th Jul 2012
wireframe

That's alright, I'm not a bank, so the libor doesn't affect me.Also, as … That's alright, I'm not a bank, so the libor doesn't affect me.Also, as nobody else will ever say it, kudos to Barclays for sorting out their own problems in the credit crunch. The only bank to see private backing instead of relying on the government to bail them out.




It was a joke mate, I bank with them myself and made a lot of money on their shares after the crash too (_;)
Can you do a balance transfer to a bank account or does it have to be from another credit card?
i got £16500 on 22months int free.

as others have said u dont need to use it all i used about £3.5k
Edited by: "ixio" 12th Jul 2012
£25000 credit and a free supermodel to go on my arm
Original Poster
crumpetman

Can you do a balance transfer to a bank account or does it have to be … Can you do a balance transfer to a bank account or does it have to be from another credit card?



No just to a card
Monkeybumcheeks

No no, no no no no, no no no no, no no, there's no limits......



I got 3000 online application. But then I don't work
Great rate mate.

You can apply for a higher limit once you set up the online access. the online portal is good and i have transferred balances without needing to speak to anyone.

When you get the card, you can only activate by phone, which is when india give you the hard sell. Just say no and do everything else online.

Remember all bets are off if you fail to make a minimum payment on time (higher rate kicks in) so set up a regular DD.
Why would anyone want or need to have credit over £10,000??

No wonder the country is screwed, when most people are living beyond their means.
Edited by: "ToOn7" 12th Jul 2012
Original Poster
ToOn7

Why would anyone want or need to have credit over £10,000?? No wonder the … Why would anyone want or need to have credit over £10,000?? No wonder the country is screwed, when most people are living beyond their means.



Just because you have a £10,000 limit doesnt mean you have to spend it.
cool, will try tonight
Is this also for existing Barclaycard customers ?
Monkeybumcheeks

No no, no no no no, no no no no, no no, there's no limits......



Loved this.. was reading the above comments - saw this and laughed out loud in the office...
v funny

damm now I can't get the song out of my mind.... techno techno techno techno....
ToOn7

Why would anyone want or need to have credit over £10,000?? No wonder the … Why would anyone want or need to have credit over £10,000?? No wonder the country is screwed, when most people are living beyond their means.



I've bought my last two cars this way.
Stick the money in savings. Pay for the car on a 0% card. Make minimum payments until one month before end of 0% period, then pay the lot off. Close the card account.
Simple.
gizmouk

I've bought my last two cars this way. Stick the money in savings. Pay … I've bought my last two cars this way. Stick the money in savings. Pay for the car on a 0% card. Make minimum payments until one month before end of 0% period, then pay the lot off. Close the card account.Simple.



What is the point if you already have the money?
ToOn7

Why would anyone want or need to have credit over £10,000?? No wonder the … Why would anyone want or need to have credit over £10,000?? No wonder the country is screwed, when most people are living beyond their means.



But that person could earn £200,000pa. How can you make a sweeping statement like that but not know the persons’ financial situation. That is what is wrong with this country - People making comment on situations they have no idea about.
simonturner69

What is the point if you already have the money?



The rate of depreciation can be offset by interest generated by leaving the cash in an account which pays more interest than the card charges.
bubbablue

But that person could earn £200,000pa. How can you make a sweeping … But that person could earn £200,000pa. How can you make a sweeping statement like that but not know the persons’ financial situation. That is what is wrong with this country - People making comment on situations they have no idea about.



Yeah, that's sort of the point about a generalisation though isn't it. It's based around the 99%.
ToOn7

Why would anyone want or need to have credit over £10,000?? No wonder the … Why would anyone want or need to have credit over £10,000?? No wonder the country is screwed, when most people are living beyond their means.


To be fair, it's not these people's fault who are offered £10k limits - its the banks who are stupid enough to give out these huge credit limits to people who can never pay it back - this is why the country is screwed.
Got a £98,000 limit
Edward_Nigma

To be fair, it's not these people's fault who are offered £10k limits - … To be fair, it's not these people's fault who are offered £10k limits - its the banks who are stupid enough to give out these huge credit limits to people who can never pay it back - this is why the country is screwed.



Well it is their fault if they spend the £10k limit as the credit limit should be based upon affordability. Then again someone who cannot meet the minimum payment every month is very profitable for the bank unless they were to default.
gizmouk

I've bought my last two cars this way. Stick the money in savings. Pay … I've bought my last two cars this way. Stick the money in savings. Pay for the car on a 0% card. Make minimum payments until one month before end of 0% period, then pay the lot off. Close the card account.Simple.



Same here, I bought my last car via Balance transfer to save myself higher rate of tax on my company dividends by spreading across 2 tax years.

Now I need to do my calculations to see if I can use this to put money into my Mortgage!

Two ways that Barclaycard have stung me on similar 0% deals... and yes both my own fault, but forearmed is forwarned.

In my case they didnt set up the direct debit at the point that I successfully applied for the card.

I only noticed a few days after the expected the first payment that nothing had come out of my account, this was also the day that the "we are cancelling your 0% deal and fineing you for not paying on time" letter arrived at home.

I had the fine over turned as it was an issue with their process but never managed to have the 0% deal reapplied leaving me with a very very costly interest rate and no opportunity to quickly transfer to another 0% interest rate due to credit report impact of taking out a new credit card and balance transfering to it.

Also Barclaycard changed their terms and conditions late last year and "Minimum Payment" no longer covers all interest being added that month plus a sum to lower the balance slightly (as most cards do).

This means that as when not on 0% the balance will increase each month unless you set a monthly payment above the default minimum payment.

Enough to say my cards are being paid off and I wont be taking another Barclay product again.
Edited by: "Darpania" 12th Jul 2012
Just got £13,500 which is handy because I need to shift about £9k:|
simonturner69

What is the point if you already have the money?



The finance isn't costing me anything, but the money in savings is earning some interest - enough to insure the car, and a little extra.
I got this deal last year. Im half way to paying off the balance. Like the others mentioned make sure you get a direct debit set up.
Darpania

Two ways that Barclaycard have stung me on similar 0% deals... and yes … Two ways that Barclaycard have stung me on similar 0% deals... and yes both my own fault, but forearmed is forwarned.In my case they didnt set up the direct debit at the point that I successfully applied for the card. I only noticed a few days after the expected the first payment that nothing had come out of my account, this was also the day that the "we are cancelling your 0% deal and fineing you for not paying on time" letter arrived at home.I had the fine over turned as it was an issue with their process but never managed to have the 0% deal reapplied leaving me with a very very costly interest rate and no opportunity to quickly transfer to another 0% interest rate due to credit report impact of taking out a new credit card and balance transfering to it.Also Barclaycard changed their terms and conditions late last year and "Minimum Payment" no longer covers all interest being added that month plus a sum to lower the balance slightly (as most cards do). This means that as when not on 0% the balance will increase each month unless you set a monthly payment above the default minimum payment.Enough to say my cards are being paid off and I wont be taking another Barclay product again.



I also had this problem but thankfully got the 0% reinstated. They did put a late payment on my credit report for it though unfortunately.

So anyone taking out this offer, it says in the T+C's it can take up to 6 weeks to set up the direct debit so it may be best to make the first payment on the the card manually
ToOn7

Why would anyone want or need to have credit over £10,000?? No wonder the … Why would anyone want or need to have credit over £10,000?? No wonder the country is screwed, when most people are living beyond their means.



As well as car (mentioned already) very useful for business travel.
I just applied and it stated that they will let me know in 5 working days.

Did it take this long with everyone else?
This has been around for ages....slightly less fee I guess

Worth while if you have a high balance and pretty easy to use online services. Also links to your Barclays mobile banking app as well.
Edited by: "bbeettaa" 12th Jul 2012
Post a comment
Avatar
@
    Text