Barclaycard LONGEST EVER 0% Balance Transfer Card 32 MONTHS (2 Years 8 Months)!! (2.99% Fee)
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Barclaycard LONGEST EVER 0% Balance Transfer Card 32 MONTHS (2 Years 8 Months)!! (2.99% Fee)

125
Found 12th May 2014
0% for 32 months, has never been seen before!

Handy (as over double many cards) to point out re pay each month 2.25% of the amount you owe us on your monthly statement;
- bargainhunter666

125 Comments

they had 0% on the lifetime of the balance and no transfer fee back in the 90's in my card surfing days so not quite the longest ever but I'm sure it's the best deal in a long time.

it is best deal - thanks

Ah, I can smell it in the air, free money, bring on another "financial crisis". For some (those unable to budget) this type of thing is deadly.

It's cards like these that have allowed people to drown themselves in debt. How can you budget for unexpected arisings if you can't afford to pay the stuff you've already bought and stuck on one of these cards?

As a 'deal' it's hot and I've voted that way, but people need to be sensible...

These cards are a lifesaver for people on debt, transfer it all on the card and pay bit by bit without interest, surely beats the wonga ones

ashraf86uk

These cards are a lifesaver for people on debt


People on debt = poor credit score - don't get good credit cards deals this days?

Bankers need bonuses.
So c'mon all you debtors.

Only 6 months 0% on purchases though. But good deal for peeps with debt to shift around.

Banned

SaverSaver

Ah, I can smell it in the air, free money, bring on another "financial … Ah, I can smell it in the air, free money, bring on another "financial crisis". For some (those unable to budget) this type of thing is deadly.



Actually, this will probably help those who have struggled to budget.

Alpha12

Actually, this will probably help those who have struggled to budget.



By allowing them to continue as they are for 6 months.

Do they allow you to sign up if you've had a 0% card with them previously? Probably about 2 years ago now I had one and I cant see anything in the terms...

Banned

Jameseh

By allowing them to continue as they are for 6 months.



Or allowing them to avoid interest for 32 months.

kneale81

£25 cashback if you go through … £25 cashback if you go through moneyexpert:http://www.moneyexpert.com/credit-cards



Cashback has been withdrawn from the site oO

I need 5k to pay off a Tesco DD card. I pay roughly £111 a month but only about £32 comes off the bill.
I'm worried I apply for this and don't get the full 5k to pay off Tesco and if I don't will my credit rating get damaged if i'm refused.

Anyone who thinks they can offer another way to pay off my DD card feel free to explain

Can this be used for an overdraft debt?

Chanchi32

Cashback has been withdrawn from the site oO



Oops, should have really checked that... I couldn't remember which site was offering it, so I searched google for '£25 cashback credit card' and it took me to moneyexpert.com

Original Poster

MyCarona

I need 5k to pay off a Tesco DD card. I pay roughly £111 a month but … I need 5k to pay off a Tesco DD card. I pay roughly £111 a month but only about £32 comes off the bill.I'm worried I apply for this and don't get the full 5k to pay off Tesco and if I don't will my credit rating get damaged if i'm refused.Anyone who thinks they can offer another way to pay off my DD card feel free to explain



TONS of other cards out there offering 0%, granted not for 32 months, but even a 12 month card at 0% with a low fee gets a good chunk of your 5k off whatever god awful rate your currently paying!!
Better shifting some rather than none, you will be paying that debt for the next 13 YEARS if you only hit £32 of the actual debt per month, and paying back over £17000 in interest!!!!! WTF!!!!
To quote Martin Lewis "DITCH AND SWITCH"!!
moneysavingexpert.com/cre…rds
Edited by: "herby247" 12th May 2014

pinkmilkplease

Can this be used for an overdraft debt?



No, but Barclaycard periodically offer 0% on money transfers to bank accounts for existing customers.

Original Poster

pinkmilkplease

Can this be used for an overdraft debt?



MBNA does:

MBNA are one of the few UK credit companies to offer money transfers from your credit card direct to your current account (handling fee applies). So whether you need a cash boost, are looking for some holiday spends or to help pay for home improvements why not access your credit limit and transfer some cash into your current account today. To complete a money transfer simply log in to Online Card Services.

Currently offering 30 months at 0% with a 2.89% fee.

mbna.co.uk/

one thing i dont like about barclaycard is a 3% min payment a month! i try and get a 1% but still a great deal!

ashraf86uk

These cards are a lifesaver for people on debt, transfer it all on the … These cards are a lifesaver for people on debt, transfer it all on the card and pay bit by bit without interest, surely beats the wonga ones



Or an added weight if they don't cancel there old card and continue to use it, as has been said, very good deal, needs to be used properly though.

so im confused, im not grate with credit cards, but it says 6 month interest free, so does it separate the balance transfer ?

example, i have 1k debt, not massive but enuff to consider this. I transfer to this card and i magicly dont pay interest for 32 months is this right ?

Im like 38 quid a month min payment just now .

And wha if i bought something seperate, id still have 32 months on the balance transfer then 6 on the new item, ??

herby247

MBNA does: MBNA are one of the few UK credit companies to offer money … MBNA does: MBNA are one of the few UK credit companies to offer money transfers from your credit card direct to your current account (handling fee applies). So whether you need a cash boost, are looking for some holiday spends or to help pay for home improvements why not access your credit limit and transfer some cash into your current account today. To complete a money transfer simply log in to Online Card Services.Currently offering 30 months at 0% with a 2.89% fee.http://www.mbna.co.uk/



Thankyou herby247

Banned

stephen0205

so im confused, im not grate with credit cards, but it says 6 month … so im confused, im not grate with credit cards, but it says 6 month interest free, so does it separate the balance transfer ?example, i have 1k debt, not massive but enuff to consider this. I transfer to this card and i magicly dont pay interest for 32 months is this right ?Im like 38 quid a month min payment just now .And wha if i bought something seperate, id still have 32 months on the balance transfer then 6 on the new item, ??



You don't pay interest for 32 months, correct. You do, however, pay the minimum repayment each month. For example, 3% (approx minimum payment) on 1k would be £30 per month meaning you'd pay the full amount off (assuming you didn't use the card for purchases) in the 33,3 months.

And yes, you also have 0% on purchases for 6 months. So anything you buy within that time will not be subject to interest. If you were going to do that, though, you should buy something on the other card, then trransfer it (along with 1k) to this one, so that you don't pay interest for 32 months (rather than 6).
Edited by: "Alpha12" 12th May 2014

How easy are these to get? Do you have to have a good credit score?

banita

People on debt = poor credit score - don't get good credit cards deals … People on debt = poor credit score - don't get good credit cards deals this days?



Now why would you think people in debt have a poor credit score? Think of it like this.. if someone has borrowed money plenty of times in the past and repaid it on time + interest. They have shown their ability to borrow money and repay it (thus earning the banks interest) Are banks more likely to want to lend money to someone like this or to someone who has no debt/never had any debt/no proof that they're going to repay it.

Having debt does not mean your credit score is bad, quite the opposite in a lot of cases.

herby247

TONS of other cards out there offering 0%, granted not for 32 months, but … TONS of other cards out there offering 0%, granted not for 32 months, but even a 12 month card at 0% with a low fee gets a good chunk of your 5k off whatever god awful rate your currently paying!!Better shifting some rather than none, you will be paying that debt for the next 13 YEARS if you only hit £32 of the actual debt per month, and paying back over £17000 in interest!!!!! WTF!!!!To quote Martin Lewis "DITCH AND SWITCH"!!http://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards


Thanks Herby247
Martins money says I have a 60% chance of getting this. every other card is 10% mmmmm.
would I be better with a bank loan herby or going this DD 0% way ?

thanks in advance

MyCarona

Thanks Herby247Martins money says I have a 60% chance of getting this. … Thanks Herby247Martins money says I have a 60% chance of getting this. every other card is 10% mmmmm.would I be better with a bank loan herby or going this DD 0% way ?thanks in advance



Hi there, I work as a banking consultant so can help you too if you want.

So let me get this straight, you owe around £5000 on a tesco credit card and you're paying interest? (e.g. not 0%)

If so, you should definitely look for a 0% credit card somewhere and transfer as much as you can across to it. What interest rate are you paying at the moment and what is your monthly direct debit payment? Doing a credit card application will only put a very very minor mark on your credit file, even if you get refused so don't worry about that.

experian.co.uk can give you a free copy of your credit file (just make sure you cancel it within the 30 days or you'll be charged) What makes you think your credit rating is bad in the first place? Have you ever missed payments/fallen in arrears?

Let me know if you need anything else.

Original Poster

MyCarona

Thanks Herby247Martins money says I have a 60% chance of getting this. … Thanks Herby247Martins money says I have a 60% chance of getting this. every other card is 10% mmmmm.would I be better with a bank loan herby or going this DD 0% way ?thanks in advance



I'd def go for the 0% credit card , even if not the one in this deal, 0% is MUCH better than any rate a loan can offer you.
Also you have the flexibility of paying more to the card as well as paying the min monthly payment.

Kingsworth

Hi there, I work as a banking consultant so can help you too if you … Hi there, I work as a banking consultant so can help you too if you want.So let me get this straight, you owe around £5000 on a tesco credit card and you're paying interest? (e.g. not 0%)If so, you should definitely look for a 0% credit card somewhere and transfer as much as you can across to it. What interest rate are you paying at the moment and what is your monthly direct debit payment? Doing a credit card application will only put a very very minor mark on your credit file, even if you get refused so don't worry about that. http://www.experian.co.uk can give you a free copy of your credit file (just make sure you cancel it within the 30 days or you'll be charged) What makes you think your credit rating is bad in the first place? Have you ever missed payments/fallen in arrears?Let me know if you need anything else.



Thanks Kingsworth
Bottom line is Tesco DD card has been a knife in my back for the past 7 or 8 years . Very quickly I built up the 5k deb on the card and over the past 5 years I have never used it once. I just pay off the basic payment they demand from me. I have never missed a DD payment with Tesco nor any other DD card ie Sainsburys ,Santander,halfax and RBS all get paid on time.
Iv'e just moved house 2 years this November to a Barrat (new build house falling down around me with 8" of water in back garden as a feature lol )
I have just decided things are now tighter than normal due to a large mortgage and I need to get rid of the Tesco card. My problem is when I try or join DD cards with the intent to transfer my debit the DD company only give me say £800 as an initial spend which leaves me scratching my bald head due to the stress of the New Barrat house floating down the swamped garden lol

Any help is received gratefully

Your Credit File can be viewed for free for life at Noddle

andynicol

Your Credit File can be viewed for free for life at Noddle



I don't understand how that happened Andy. I closed all my browser windows and I have a malewear program running along side avast !! I'll try rebooting

Thanks Andy

MyCarona

Thanks KingsworthBottom line is Tesco DD card has been a knife in my back … Thanks KingsworthBottom line is Tesco DD card has been a knife in my back for the past 7 or 8 years . Very quickly I built up the 5k deb on the card and over the past 5 years I have never used it once. I just pay off the basic payment they demand from me. I have never missed a DD payment with Tesco nor any other DD card ie Sainsburys ,Santander,halfax and RBS all get paid on time.Iv'e just moved house 2 years this November to a Barrat (new build house falling down around me with 8" of water in back garden as a feature lol ) I have just decided things are now tighter than normal due to a large mortgage and I need to get rid of the Tesco card. My problem is when I try or join DD cards with the intent to transfer my debit the DD company only give me say £800 as an initial spend which leaves me scratching my bald head due to the stress of the New Barrat house floating down the swamped garden lolAny help is received gratefully



I see, to be honest I think you'd benefit from a full lending review. I work for Halifax and If you go into any branch you can request a lending review (no cost). They'll look at everything you have (Mortgage/Credit cards/Loans/Store cards/Car finance), go through the interest rates/monthly payments and see if there's anything better for you. There's a number of possible solutions and without knowing the ins and outs of your situation I have no idea which is the best option. Obviously they'll only be able to look at halifax products to help you though and will not be able to look at the full market of available credit cards/loans etc (but if you go to an independent who can you will be charged)

It certainly doesn't sound as though your credit score is bad, the fact you keep up your repayments is very important. Obviously the £800 limit is a problem, this could also be based on your income.

If you're just looking to clear the Credit card (because i notice you mentioned you had other things at sainsburys/halifax/santander/rbs) then your best bet is to try and find somewhere who will offer you more than £800 (but even if you can't, transfering £800 is better than nothing. If you manage it correctly you could clear the £800 as soon as you can, it will be quicker because you wont be paying interest and then transfer some more onto a new CC)

There's a couple of other options that might work too. A lot of banks/supermarkets have very very low loan rates at the moment (at halifax we can do as low as 5.9%) You could consolidate all of your debt onto a loan and then just have the one monthly payment; knowing at the end of your term all the debt is gone (the issue with credit cards is the interest rate is so high if you're just paying the monthly payments it can take 10+ years to clear and you'll pay a ridiculous amount in interest (often 2 or 3 times what you originally borrowed).

A final option is releasing equity in your property, if you say only owe £60,000 on your Mortgage and your house is worth £100,000 you could potentially borrow an extra £20,000 (or whatever you needed up to usually 85% of the value of your house), pay off all your debts and increase the monthly mortgage payment. Because the payment is taken over several years it often doesn't raise the payment as much as you think.

Finally, there's a charity called Stepchange who help people in financial hardship/debt.. Might be worth checking out. stepchange.org/How…spx

Hope that's helped.
Edited by: "Kingsworth" 12th May 2014

Kingsworth

I see, to be honest I think you'd benefit from a full lending review. I … I see, to be honest I think you'd benefit from a full lending review. I work for Halifax and If you go into any branch you can request a lending review (no cost). They'll look at everything you have (Mortgage/Credit cards/Loans/Store cards/Car finance), go through the interest rates/monthly payments and see if there's anything better for you. There's a number of possible solutions and without knowing the ins and outs of your situation I have no idea which is the best option.It certainly doesn't sound as though your credit score is bad, the fact you keep up your repayments is very important. Obviously the £800 limit is a problem, this could also be based on your income.If you're just looking to clear the Credit card (because i notice you mentioned you had other things at sainsburys/halifax/santander/rbs) then your best bet is to try and find somewhere who will offer you more than £800 (but even if you can't, transfering £800 is better than nothing. If you manage it correctly you could clear the £800 as soon as you can, it will be quicker because you wont be paying interest and then transfer some more onto a new CC)There's a couple of other options that might work too. A lot of banks/supermarkets have very very low loan rates at the moment (at halifax we can do as low as 5.9%) You could consolidate all of your debt onto a loan and then just have the one monthly payment; knowing at the end of your term all the debt is gone (the issue with credit cards is the interest rate is so high if you're just paying the monthly payments it can take 10+ years to clear and you'll pay a ridiculous amount in interest (often 2 or 3 times what you originally borrowed).A final option is releasing equity in your property, if you say only owe £60,000 on your Mortgage and your house is worth £100,000 you could potentially borrow an extra £20,000 (or whatever you needed up to usually 85% of the value of your house), pay off all your debts and increase the monthly mortgage payment. Because the payment is taken over several years it often doesn't raise the payment as much as you think.Hope that's helped.



Thanks great info !!! your a STAR

MyCarona

I don't understand how that happened Andy. I closed all my browser … I don't understand how that happened Andy. I closed all my browser windows and I have a malewear program running along side avast !! I'll try rebootingThanks Andy



Its not my link that's caused that, I've never had any problems on there site.

Avast Free by any chance ? I had problems when I installed that....

Just applied got approved cheers op, also just for everyone else the Min repayment is 2.25% rather than other credit cards, which offer 1% of the balance so on a 5k debt your looking at £112.50 not bad as it will force you to pay the debt off quicker anyway.... If being used for transferring a bad balance.

Been refused, and there was me I could start clearing my debts

WORTHLESSACORN

Been refused, and there was me I could start clearing my debts



Full out refusal or decision pending?

andynicol

Your Credit File can be viewed for free for life at Noddle


Noddle only shows your credit file as held and updated by the Credit Reference Agency "Call Credit". As most companies don't even use Call Credit, it's almost as useful as a chocolate teapot.

For the person with £5k debt on their Tesco CC, take a look at the MBNA Fluid card, they have a soft search which enables you to get a rough idea of whether you'll get accepted, before they do the hard search. This soft search doesn't affect your Credit File, and remember it's only a _rough idea_, not definate, but it's helpful. You can choose to stop with the application process once you've done the soft search if you're not happy with continuing.

Plus they have a decent 28 months 0% interest offer at the moment, with a 2.89% fee. If you can't get another credit card then you're going to need to start paying off more than the minimum payment each month on your Tesco card, otherwise you'll just be going around in a vicious circle for years.
Edited by: "ClubLife" 12th May 2014

grillnun

they had 0% on the lifetime of the balance and no transfer fee back in … they had 0% on the lifetime of the balance and no transfer fee back in the 90's in my card surfing days so not quite the longest ever but I'm sure it's the best deal in a long time.



Yes, I remember being a BT ho good times
Edited by: "crazymonkey" 12th May 2014
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