Barclaycard LONGEST EVER 0% Balance Transfer Card NOW 34 MONTHS (2 Years 10 Months)!! (2.99% Fee)(New SEPT 2014 Offer)
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Barclaycard LONGEST EVER 0% Balance Transfer Card NOW 34 MONTHS (2 Years 10 Months)!! (2.99% Fee)(New SEPT 2014 Offer)

76
Found 8th Sep 2014
This deal has has now been bumped to 34 months unheard of!!

Almost 3 years on a 0% credit card deal.

To take advantage of the promo offer here, you need to transfer your existing debt to this card within the first 60 days.

76 Comments

Good deal in my view, wish barclaycard would extend my 0% balance period to something like this!

Applied and got accepted for the similar deal.

why you should tranfer money to this card I thought people taking card if they do not have money can someone explain

Original Poster

polipop

why you should tranfer money to this card I thought people taking card … why you should tranfer money to this card I thought people taking card if they do not have money can someone explain



Fully DETAILED info on balance transfer credit cards here = moneysavingexpert.com/cre…rds

polipop

why you should tranfer money to this card I thought people taking card … why you should tranfer money to this card I thought people taking card if they do not have money can someone explain


Interest-free balance transfer for 34 months - Martin Lewis was discussing this offer today on ITV's This Morning programme.

Why? To use it as an interest-free 'loan' to try to repay the balance/debt owed during the (just under 3 yrs.) period. BUT, you MUST meet the min. monthly repayment or the interest-free rate benefit will be lost. He also suggests not spending this card, but repaying as much as you can to wipe-out the debt. For anyone who's interested, I suggest you take a look at the info. on ITV's catch-up for today's This Morning.
Also, see herby247's comment




Edited by: "sjs31" 8th Sep 2014

Good deal. Great way of paying off another big credit card debt by transferring it. Key thing as said earlier is NOT to use this card at all - just keep paying it off, as much as you can, and always meeting the minimum payment.

These deals are only good if you are disciplined. The CC companies make their money by people transferring then being unable to resist using the card and racking up more debt and paying interest on that.

Fantastic deal

sjs31

, but repaying as much as you can to wipe-out the debt.



Isn't that pretty poor advice on his part? You'd be better off paying the minimum and sticking any excess in an ISA or some other interest accruing vehicle. Especially when you've paid 2.99% for the privilege of using the 0% facility, get the maximum benefit you possibly can.

cjblfc

Good deal in my view, wish barclaycard would extend my 0% balance period … Good deal in my view, wish barclaycard would extend my 0% balance period to something like this!



There are some other good 0% deals about at the moment.
Tesco & Sainsburys 0% 33 months
Halifax, Lloyds, RBS, MBNA 0% 32 months

Worth a try giving them a call and seeing if they would offer you a deal, if not switch to one of the other cards.

sjs31

Interest-free balance transfer for 34 months - Martin Lewis was … Interest-free balance transfer for 34 months - Martin Lewis was discussing this offer today on ITV's This Morning programme.Why? To use it as an interest-free 'loan' to try to repay the balance/debt owed during the (just under 3 yrs.) period. BUT, you MUST meet the min. monthly repayment or the interest-free rate benefit will be lost. He also suggests not spending this card, but repaying as much as you can to wipe-out the debt. For anyone who's interested, I suggest you take a look at the info. on ITV's catch-up for today's This Morning. Also, see herby247's comment

I have this card only thing what I can do is take out money and spend it but transfer money means transfer from another credit card but another credit card is empty I wanted transfer this card balance to another and than pay back barclay with 0 % interests will look shows maybe will understand more

is this for existing customers too?

Mentos

Isn't that pretty poor advice on his part? You'd be better off paying the … Isn't that pretty poor advice on his part? You'd be better off paying the minimum and sticking any excess in an ISA or some other interest accruing vehicle. Especially when you've paid 2.99% for the privilege of using the 0% facility, get the maximum benefit you possibly can.



I think good advice based on the assumption there will be far fewer (if any) 0% cards to switch onto at the end of the 34 months.

looks good.......

I got it last month with 33m 0%, transfer went without hitch and I've set up direct debit to pay minimum payment each month so no further action required for 33 months, unless I want to pay off more than the minimum payment some months.

£25 quidco tracked too.

Adidas Addict

I got it last month with 33m 0%, transfer went without hitch and I've set … I got it last month with 33m 0%, transfer went without hitch and I've set up direct debit to pay minimum payment each month so no further action required for 33 months, unless I want to pay off more than the minimum payment some months.£25 quidco tracked too.

how did you transfer money there onkine you can only transfer to current acount but not everyone

polipop

how did you transfer money there onkine you can only transfer to current … how did you transfer money there onkine you can only transfer to current acount but not everyone



I don't understand what you mean? I transferred a debt from one credit card to this one to pay no interest for 33 months. My direct debit is set up to pay the minimum payment each month from my current account to the Barclaycard to ensure no interest is incurred.

jonneyt

I think good advice based on the assumption there will be far fewer (if … I think good advice based on the assumption there will be far fewer (if any) 0% cards to switch onto at the end of the 34 months.



Sorry perhaps I didn't explain myself clearly.

You have to pay 2.99% to transfer any balance to this card and therefore obtain the 0% rate on said balance for 34 months. By paying anything more then the minimum payment you are not making full use of that facility.

Rather then pay more then the minimum you are better off sticking the extra payments in an interest accruing account (ISA if you haven't used your allowance). In 34 months use those funds to pay this card off.

Therefore pretty poor advice even if there is nowhere to roll the balance. And especially poor advice if it transpires in 34 months another deal like this is available.
Edited by: "Mentos" 8th Sep 2014

Mentos

Isn't that pretty poor advice on his part? You'd be better off paying the … Isn't that pretty poor advice on his part? You'd be better off paying the minimum and sticking any excess in an ISA or some other interest accruing vehicle. Especially when you've paid 2.99% for the privilege of using the 0% facility, get the maximum benefit you possibly can.


The point Martin Lewis seemed to be making was that if your current c.c has a high interest rate (13 - 18% is not uncommon), transferring to this type of 'balance transfer' deal stops interest accruing on the transferred amount. Your monthly payments are then reducing the debt, rather than paying lots of interest but only a little off the debt!
ISAs are ony paying 1 - 2%, so possibly better paying off high interest debts first.
Also, see Aurora's comment #7 - much more succinct than mine!

Sorry, just noticed more comments - started typing earlier but got distracted by cat attacking a frog outside and having to sort it out!! Didn't see other comments in the meantime.
I do get what you mean about the ISA being used to as a savings tool to fund a large repayment towards the end of the 34 month term - it might suit some people. But, if anyone failed to meet a min. monthly payment it could screw up the benefit of the 0% and negate the benefit of interest in the ISA.
Edited by: "sjs31" 8th Sep 2014

I've transferred a couple of balances to Barclaycard recently, both for 12 months interest free, one of which expires next April and the other in August. I've also just taken out a Marks & Spencer card which has a 12month interest free period for transfers and 16 months for spending, so I will transfer my remaining credit card debt to that. In all cases my aim is not to spend on them but to pay off as much as I can to reduce the balance and then look round for a new offer when the free period ends.

I believe the one thing with Barclaycards is that they have a higher minimum payment percentage than most other cards. Just a note. I prefer the flexibility of a low minimum payment.

2.25 percent on this.

Many other cards (Halifax, MBNA etc) are only 1 percent. No big deal if you don't have much of a balance on there, but if you move for example £4k to one of these it's £90 a month minimum payment (instead of just £40 on another card) with missed payment penalties which is usually removing the 0 percent rate on your transfer.

Just FYI like.

vulcanproject

I believe the one thing with Barclaycards is that they have a higher … I believe the one thing with Barclaycards is that they have a higher minimum payment percentage than most other cards. Just a note. I prefer the flexibility of a low minimum payment. 2.25 percent on this.Many other cards (Halifax, MBNA etc) are only 1 percent. No big deal if you don't have much of a balance on there, but if you move for example £4k to one of these it's £90 a month minimum payment (instead of just £40 on another card) with missed payment penalties which is usually removing the 0 percent rate on your transfer.Just FYI like.



It should be a non issue being that the £90 minimum is probably a good thing, I as much as I hate Barclaycard applaud them for being one of the higher minimum repayment figures to deter people from over-stretching themselves. The more you are being forced into repaying a debt the sooner you clear it off. £1360 is not a lot of a 4k transfer that you suggest, when you compare to £3060 with Barclaycard it's quite a substantial amount to clear off in the nearly 3 years.

I for one would never suggest anyone fall into the trap of paying the minimum that some other cards offer because they are trying to lock you in to a debt by making repayments at a minimal level. At the end of the day if you are using a 0% offer you should really be looking to clear that off, not maximising your spending money and at least the Barclaycard repayments are pushing people to clearing off what they owe.

However, why Barclaycard do not offer 0% promotions to existing customers with balances (even with different fees) is beyond me. They would corner the market if the majority of their customers could elect to take up a 0% rate on existing balances in addition to all the people taking up offers like this.

I do wonder where these 0% periods are going to end as in recent years they've been getting longer quicker. It wasn't too long ago where 12month transfers were special things to talk about.

Chanchi32

£26.25 cashback via Topcashback too … £26.25 cashback via Topcashback too http://www.topcashback.co.uk/barclaycard-platinum-34-month-balance-transfer/ orGo via comparethemarket and get a Safari Oleg toy http://www.comparethemarket.com/credit-cards/balance-transfer/Heat added



£26.25 cashback or a free stuffed toy...tough call

Mentos

Sorry perhaps I didn't explain myself clearly.You have to pay 2.99% to … Sorry perhaps I didn't explain myself clearly.You have to pay 2.99% to transfer any balance to this card and therefore obtain the 0% rate on said balance for 34 months. By paying anything more then the minimum payment you are not making full use of that facility.Rather then pay more then the minimum you are better off sticking the extra payments in an interest accruing account (ISA if you haven't used your allowance). In 34 months use those funds to pay this card off.Therefore pretty poor advice even if there is nowhere to roll the balance. And especially poor advice if it transpires in 34 months another deal like this is available.



I'm with you on this. I can see both Aurora's and SJS31's points and they are certainly valid if you either don't have the time or the inclination to set-up the direct debit and then organise yourself a suitable savings account.

Like you though I would always set-up a minimum payment and opt to save funds elsewhere in a higher earning savings account to pay it off.

I did this to pay off a car some years back. It meant splitting the balance across 2 credit cards and also replacing those cards either 9 months or 12 months later but with some management and careful planning I avoided the majority of interest and had saved enough to clear the balance at the end.

It's even simpler if you can just stick with the one 0% card

It's also worth noting that the 33m deal has a reduced balance transfer fee of 2.79% plus quidco for £26. Certainly a better option if you're transferring a large balance.

Adidas Addict

I don't understand what you mean? I transferred a debt from one credit … I don't understand what you mean? I transferred a debt from one credit card to this one to pay no interest for 33 months. My direct debit is set up to pay the minimum payment each month from my current account to the Barclaycard to ensure no interest is incurred.

You meen transfer barclaycard fund to empty credit card and than pay just for barclaycard ?

sjs31

better paying off high interest debts first.



Whole heartedly agree, which is why I'm questioning the wisdom of paying of a debt accruing 0% interest, (after you've paid the fee, it could only be cheaper if they paid you to borrow their money :)). If you have other expensive debts, clear those first. If not a 1-2% ISA is infinitely preferable to clearing a 0% APR debt early, especially when you consider you've paid them £2.99 (the fee) for every £100 you've borrowed

sjs31

But, if anyone failed to meet a min. monthly payment it could screw up … But, if anyone failed to meet a min. monthly payment it could screw up the benefit of the 0% and negate the benefit of interest in the ISA.



Which makes it even worse advice IMO. Setup a DD for the minimum (you should do that either way), save the rest and earn interest on it. If for any unexpected reason you struggle to pay the minimum one month, you can dip into your savings to cover it. Whereas if you've already paid that money into the card your SOL. Once its gone in, you can't take it back out

The more I think about it, the worse the advice is. It can only be justified for someone that doesn't trust themselves to save for 34 months. In which case the over riding advice should be clear your debts then chop up your cards, as sooner or later you will run into trouble.

On my balance transfer I pay the minimum and stick the rest in premium bonds. 2 £25 wins so far, equating to around 2-3% interest and there's always the prospect (however unlikely) of a bigger win, or even life changing money.

DAZZ2000

I'm with you on this. I can see both Aurora's and SJS31's points and they … I'm with you on this. I can see both Aurora's and SJS31's points and they are certainly valid if you either don't have the time or the inclination to set-up the direct debit and then organise yourself a suitable savings account.Like you though I would always set-up a minimum payment and opt to save funds elsewhere in a higher earning savings account to pay it off. I did this to pay off a car some years back. It meant splitting the balance across 2 credit cards and also replacing those cards either 9 months or 12 months later but with some management and careful planning I avoided the majority of interest and had saved enough to clear the balance at the end.It's even simpler if you can just stick with the one 0% card



While they're giving it away (well almost, theres still the fee), it would be stupid not to take it

I tend to use 0% purchase cards to build up a balance. Also means I ensure CCA protection on any purchase over £100. Then when the offer on the card ends, I either roll it into one of these balance transfer offers, or pay it off (18 months 0% on purchases + 34 months BT = 52 months for 2.99%, if theres cash back on the card, even less :)). I always have the money offsetting my Mortgage or accruing interest somewhere, to balance the outstanding debt.

Aside from ensuring you always pay on time, some other points to keep in mind are:

1) Never go over your limit. It doesn't apply so much for this card, but does for purchase cards. Going over the limit often means they terminate the offer. A hotel did this to me once (was there for a month for work, so ended up using 3 cards and they carried on using one when I'd told them to use another) and Tesco CC removed the offer. I had to argue with them as to why they'd authorised the payment and while they put the offer back on out of "good will", they said they wouldn't do it again. I could probably argue against this again, but best not to take the risk.
2) Change your mindset to look at your savings as your {savings - debt}. If you have difficulty doing that, make one savings account you can use, make another that you strictly can't and stick the money to your saving for the debts in there.
3) As the offer approaches its term start looking for another to roll the balance to. Do the calculations to see if you're better off paying the balance, or rolling it and continue earning interest/offsetting your mortgage.
4) If you need to remortgage or may be subjected to any other financial check, don't have lots of these cards laying around stacked with debt. For example all mine are currently paid off, except a brand new 0% purchase card, because I'm going to be remortgaging a property soon.

This may sound complicated, but actually its simple and takes very little time to do these days:

- 5 mins to search for best card offer (just check the usual comparison sites)
- 1 min to check if you can go through Quidco/TCB
- 5 mins to Apply for a card online
- 5 mins to search for best savings offer (just check the usual comparison sites)
- 1 min to check if you can go through Quidco/TCB
- 5 mins to setup a savings account online
- 1 min to set some reminders on your calendar (when offer expires, when savings rate drops)

Thats less then 25 mins work and at most you'll have to do it once a year, for a card like this once in almost 3 years. I doubt you'll find many other money saving techniques (vouchers, looking for sales, looking for freebies, etc) which will yield the same benefit per min spent so consistently.

Edited by: "Mentos" 9th Sep 2014

sjs31

better paying off high interest debts first.

sjs31

But, if anyone failed to meet a min. monthly payment it could screw up … But, if anyone failed to meet a min. monthly payment it could screw up the benefit of the 0% and negate the benefit of interest in the ISA.



Yes, all fair points! Some yrs. ago I had a similar arrangement to take advantage of a good interest paying account and 0% balance transfer c.c.

However, my original comment (#6) was simply to respond to Polipop's (#4) question about why anyone would use this Barclaycard deal. I'm not attempting to give financial advice in any way!
Edited by: "sjs31" 9th Sep 2014

abdishah

is this for existing customers too?

just go into your online account, send them a complaint and they will give you an offer, I did it last week and got 0% purchases for a year, just threaten to take your business elsewhere. I have also got my rate permanently down to 10.9% just by contacting them.

Chanchi32

Go via comparethemarket and get a Safari Oleg toy


These are goin for £30-£40 on gumtree etc if you want to cash in too! haha

long

I have never ever used credit cards, and I would only need one when I go abroad and rent a cars they do not accept a debit card. Which one should I go for? Is this any good for me? - sorry but I am so lost with credit cards...

I'm 20 and a uni student. I applied for the 33 month one with not much hope of getting it, but they approved my application and I have the card know. :s I do have a lot of money coming in my other accounts from business ventures etc, but I don't have a salary of 21k :/.

I wanted to improve my credit rating for the future. Does anyone have any tips please on how to improve credit rating? and why I was accepted?

thanks

VTS_Tibi

I have never ever used credit cards, and I would only need one when I go … I have never ever used credit cards, and I would only need one when I go abroad and rent a cars they do not accept a debit card. Which one should I go for? Is this any good for me? - sorry but I am so lost with credit cards...



You'd want a interest free credit card. Which would mean you wouldn't be charged any interest on any of your purchases :). Santander have one for 18 months and lloyds for 16 months, they are your best bets

Have a look on comparison websites and see which '0% on purchases' card looks good for you.

Great deal if you are after a balance transfer.

Chanchi32

£26.25 cashback via Topcashback too … £26.25 cashback via Topcashback too http://www.topcashback.co.uk/barclaycard-platinum-34-month-balance-transfer/ orGo via comparethemarket and get a Safari Oleg toy http://www.comparethemarket.com/credit-cards/balance-transfer/Heat added [b]Thank you very much ,I just just applied and i got it so happy...8)

Thanks for the deal, should help me out, have some money I need transferring and they have accepted me. I like how they give you a massive credit limit to try and tempt u to spend haha.

KILLZONE32011

You'd want a interest free credit card. Which would mean you wouldn't be … You'd want a interest free credit card. Which would mean you wouldn't be charged any interest on any of your purchases :). Santander have one for 18 months and lloyds for 16 months, they are your best bets :)Have a look on comparison websites and see which '0% on purchases' card looks good for you.


That is actually very poor advice. Someone who doesn't borrow does not need a 0% credit card.
What they need is a credit card for use abroad and does not charge.
The best one I know is from Nationwide. The only downside is that you have to use it regularly to enable free international use.
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