Barclaycard offers customers more choice in balance transfer market by re-launching 18 months interest free deal
05 Apr 2011 11:47 GMT
Re-launched deal to run alongside current 20 months offer to offer more choice
From today, Barclaycard is re-introducing its 18 month 0% balance transfer offer for new Barclaycard Platinum customers. The re-launched deal will be available alongside Barclaycard’s record breaking 20 month 0% balance transfer offer, which has been available since mid-March. Prospective customers can choose the best product for their needs from these two market leading deals available from Barclaycard.
Both the 18 and 20 month balance transfer offers come with 0% interest on purchases for three months, with typical APRs of 16.9% and 17.9% variable, respectively. The 18 month deal comes with a lower handling fee of just 2.9%.
On both products new Barclaycard Platinum customers wishing to make multiple balance transfers* can also benefit from a 25% reduction in transaction fees on all but the highest balance transfer. For example, a new Barclaycard Platinum customer making a transfer of £3,000 and two subsequent balance transfers of £2,000 will make a total saving of £29 with an effective handling fee of 2.18%.
*The maximum balance transfer permitted is 90% of the total credit limit
Barclaycard, part of Barclays Retail and Business Banking, is a leading global payment business which helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed.
The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future. It also issues credit and charge cards to corporate customers and the UK Government. Barclaycard partners with a wide range of organisations across the globe to offer their customers or members payment options and credit.
In addition to the UK, Barclaycard operates in the United States, Europe and Africa.
Key facts published in February 2012;
- number of customers: 23.5m
- number of retailer/merchant relationships: 87,000
Barclays.com