This is Britains LONGEST EVER 0% interest balance transfer card - now an astounding 3 years interest free! ALSO 0% interest for 6 months on purchases!
Looking for a card that could help you regain control of your credit card balances? With 0% interest on balance transfers for 3 years, our Platinum balance transfer offer could help you make considerable savings over a year. With Platinum you can enjoy:
0% interest on balance transfers for 3 years from account opening (2.99% fee applies. We’ll first apply a 3.5% fee but then reduce this to 2.99% by a refund – terms and conditions apply)
0% interest on purchases for six months from account opening
Contactless payments so you can use your card to make quick and easy purchases of £20 and under
A way to pay with your mobile – you can request a Barclaycard PayTag, a handy sticker that turns your mobile into an easy way to pay
mybarclaycard online servicing – your account, your way – to help make staying on top of your account that bit easier, you'll receive your monthly statements online through mybarclaycard. So we need your email address to send you an alert to let you know when your latest statement is ready to view. If you'd prefer to receive a copy of your statement by post, you can change this as a preference in mybarclaycard when you register
NO CASHBACK AVAILABLE FOR THIS DEAL. You can receive cashback for the 35m Balance Transfer card but NOT this 36 month.
Top comments
JohnnyUtah to donslibi
14 Feb 1579#12
Yawn, nothing to do with this deal.
donslibi
14 Feb 1578#7
I really wish we'd stop living off the promise of future earnings. Have we learnt nothing from the recession?
Step 1 is stop borrowing at every opportunity.
fishmaster
15 Feb 154#97
This is how banks work.
TheLazyOne2
15 Feb 153#142
Why do you assume you are putting yourself in debt? People use 0% credit cards who have plenty of money in other vehicles (ISAs, Equities, property) which would cover the purchase. Why would they take the money out of those to buy something (i.e. a car) that is not going to generate interest when they can spread those payments on a 0% card?
Don't assume everyone is using credit cards to fund purchases they couldn't otherwise afford.
All comments (268)
JohnnyUtah
14 Feb 15#1
I know I can't transfer a balance from an existing Barclaycard credit card but can I apply for this card and be accepted so I can transfer another balance I have from a Nationwide card which has finished it's interest free period?
rhinopaul to JohnnyUtah
14 Feb 151#3
As long as the Nationwide isnt part of the same group as Barclaycard, ie you cant transfer from an MBNA card to another MBNA card.
y_am_I_buying_this to JohnnyUtah
14 Feb 151#6
yes you can apply for a second as tes you can transfer from nationwide.
mrsuave to JohnnyUtah
14 Feb 151#9
Yrs
flang
14 Feb 15#2
Just reading about this on the daily mail and sounds good.
mrdanphillips
14 Feb 15#4
only have one credit card and always pay the balance every month. can someone be kind enough to explain how i can make use of this instead of a loan. thank you in advance
mrsuave to mrdanphillips
14 Feb 15#11
Buy loads on ur existing credit card them transfer that balance on to the Barclaycard.
In your case you I advice you to start with a 0% on Purchases CC, and move all your cash spending to it such as food, insurance, fuel, even council tax with free of charge, so you end up having the cash untouched and left in your bank from your income without the need to pay interest for any cash loan. When the 0% term end, you can shift the balance to a Balance Transfer CC like this one. But remember, you still need to pay monthly of at least minimum payment and not spend over your credit limit to keep your 0% offer, so a direct debit for the minimum is advisable. And one more thing, spend the spare cash left in your bank account wisely. If you really want this card, you can transfer the balance on your existing card (before you pay it in full) and keep spending on it, you have 90 days to transfer all your spending on your existing CC to this Barclaycard if successful.
rag1973 to mrdanphillips
15 Feb 151#132
Hi, it's cheaper than any loan but you have to be careful with not missing any payment.
Since its a balance transfer deal, it means you have to make the purchase on a different credit card before transferring to this card. For example, let's say you want to buy a car for £5,000. You would make this purchase on one of your other cards (assuming you have another and the credit limit allows), and then you would call Barclaycard (once you've applied for and accepted for the card), to make your £5,000 transfer to their card. Again, this is assuming your credit limit on the Barclaycard covers this transfer. The best way to ensure this is at the time of applying for the card, to ask for the highest amount to transfer, in this case say £6,000
Once your application is successful, Barclaycard will pay the £5,000 owing on your other card and you will now owe Barclaycard the £5K plus handling fee of 2.99% of the £5,000.
My advice is to setup a monthly direct debit equivalent to the total amount divided by number of months to pay over. You should set this to leave your account 3-4 days before your payment date to allow for bank holidays, etc. This, I find, is the most effective way of not losing your 0% interest. Otherwise, once you miss a payment, Internet charged will revert back to the standard which could be up to 21.9%
Hope this helps.
Ronski007 to mrdanphillips
15 Feb 151#139
When we changed our kitchen I purchased everything on one credit card and then transferred it to the interest free credit card. Ended up with about 5k on the interest free card. What I would of used to pay off the credit cards I paid off the mortgage. I reduced my mortgage for x months/years saving interest, when the free period was almost up I either transferred to another card, or when interest rates dropped so low to make it not worth the hassle I simply drew down what I needed from the mortgage and paid off the cards.
You must make sure you make the minimum payment every month - set up a direct. Also make sure the full balance is paid off prior to the end of the interest free period. Do not spend anything on balance transfer cards - you have to watch which debt takes priority when you make payments, otherwise you can get caught out.
There is masses of info on Money Saving Expert website about this, so do your research first.
y_am_I_buying_this
14 Feb 152#5
errrr yes they will. i have 2.
donslibi
14 Feb 1578#7
I really wish we'd stop living off the promise of future earnings. Have we learnt nothing from the recession?
Step 1 is stop borrowing at every opportunity.
rhinopaul to donslibi
14 Feb 151#8
I kinda agree but I am also guilty. I know my parents generation never had the use of CC and they saved and paid off their mortgage and have a nice retirement. Most people I know who have CC have loads of debts and no savings.They have everything they want now but I wonder what will happen in the future.
JohnnyUtah to donslibi
14 Feb 1579#12
Yawn, nothing to do with this deal.
sunflowerD to donslibi
14 Feb 15#41
I agree, however for those who already have credit card debt and wish to pay it off or have an unexpected emergency payment, the long interest free rates are a great way of gaining back financial control. The key is to reduce your credit limit each time you pay some of the card balance off to ensure you can't keep spending on it.
aztech to donslibi
14 Feb 151#46
Step 2 is checking out HUKD for things you never knew you needed/wanted/existed and now you have the finance to purchase.
TheLazyOne2 to donslibi
14 Feb 15#72
What if someone is planning on buying something anyway for a few thousand and instead of buying it outright put it on a 0% interest credit card and pay that off whilst putting the cash into an investment that is actually going to gain interest, e.g an ISA, or even equities (if you know what you're doing)
bulletfoss to donslibi
15 Feb 152#81
Comment
That's not why I use a credit card.
I make ALL of my monthly purchases on credit card (apart from rent and bills) as you have really good purchase protection. I then use my salary to pay off my balance every month. It helps my credit rating and allows me to be flexible in my spending.
safc1967 to donslibi
15 Feb 15#98
Yes we could all do that if wages had not been eroded so far against the cost of living.
RobDay to donslibi
15 Feb 151#109
How are your comments relevant?
If you see a deal on here that is too good to miss, and you don't have the available funds at the time the deal is posted, then a credit card is a really handy way of taking advantage, plus the added bonus of purchase protection for goods over £100. I personally have funds to pay my £2000 debt with a sainsburys credit card, but paying around £200pm with 0% is more appealing to me, so then I have cash available for other things.....
If a credit card is used properly, you'll actually save money on purchase over time than those using cash or debit cards only.
Rob
dodgymix to donslibi
15 Feb 151#133
No mortgage for you then???
Ultima2876 to donslibi
15 Feb 151#138
If you already have debts and are on course to pay it off in 3 years, you can just cut out all the interest with something like this.
robtom11 to donslibi
15 Feb 15#164
You can have a credit card and use it sensibly - for example my car insurance was £800 if you paid in full however if you paid every month it went to £1200 - I got a credit card and paid it every month. I understand we shouldnt get credit cards if we can't afford to pay it all off but if you are sensible you should get one!
N1AK to donslibi
16 Feb 15#170
Credit can be very beneficial people to people who use it appropriately. Besides which, someone who already has a credit card debt and is looking for a way to decrease the interest while they pay it off doesn't need, or benefit, from bland platitudes like that.
LM290 to donslibi
17 Feb 15#195
Did you buy your home outright ?... No? Then I recon you are be borrowing on 'promise of future earnings'.
It's how the world works, get over it.
pwuk to donslibi
17 Feb 15#211
Yes, but in the real world, where someone has some debt it make perfect sense to re-finance to a cheaper deal.
thebritishbloke to donslibi
17 Feb 15#216
You realise a balance transfer is to save money when you've already borrowed money, right?
mrsuave
14 Feb 15#10
Why? I have about 4...
TomBoyNI
14 Feb 15#13
Comment
Yes the will. I have a rewards card and this card
dazzer1975
14 Feb 152#14
yawn, yes it does, for proof, read the post immediately preceding yours
![Fresh Breakfast Meat Box (Using code) @ Campbells Meat [Haggis / Lorne Sausage / Bacon / Black Pudding & More]](/images/topics/208684_1.jpg)
![[Xbox One] Q. u. b. e: Director's Cut on Deals with Gold](/images/topics/208716_1.jpg)
Opening post
Looking for a card that could help you regain control of your credit card balances? With 0% interest on balance transfers for 3 years, our Platinum balance transfer offer could help you make considerable savings over a year. With Platinum you can enjoy:
0% interest on balance transfers for 3 years from account opening (2.99% fee applies. We’ll first apply a 3.5% fee but then reduce this to 2.99% by a refund – terms and conditions apply)
0% interest on purchases for six months from account opening
Contactless payments so you can use your card to make quick and easy purchases of £20 and under
A way to pay with your mobile – you can request a Barclaycard PayTag, a handy sticker that turns your mobile into an easy way to pay
mybarclaycard online servicing – your account, your way – to help make staying on top of your account that bit easier, you'll receive your monthly statements online through mybarclaycard. So we need your email address to send you an alert to let you know when your latest statement is ready to view. If you'd prefer to receive a copy of your statement by post, you can change this as a preference in mybarclaycard when you register
NO CASHBACK AVAILABLE FOR THIS DEAL. You can receive cashback for the 35m Balance Transfer card but NOT this 36 month.
Top comments
Step 1 is stop borrowing at every opportunity.
Don't assume everyone is using credit cards to fund purchases they couldn't otherwise afford.
All comments (268)
Since its a balance transfer deal, it means you have to make the purchase on a different credit card before transferring to this card. For example, let's say you want to buy a car for £5,000. You would make this purchase on one of your other cards (assuming you have another and the credit limit allows), and then you would call Barclaycard (once you've applied for and accepted for the card), to make your £5,000 transfer to their card. Again, this is assuming your credit limit on the Barclaycard covers this transfer. The best way to ensure this is at the time of applying for the card, to ask for the highest amount to transfer, in this case say £6,000
Once your application is successful, Barclaycard will pay the £5,000 owing on your other card and you will now owe Barclaycard the £5K plus handling fee of 2.99% of the £5,000.
My advice is to setup a monthly direct debit equivalent to the total amount divided by number of months to pay over. You should set this to leave your account 3-4 days before your payment date to allow for bank holidays, etc. This, I find, is the most effective way of not losing your 0% interest. Otherwise, once you miss a payment, Internet charged will revert back to the standard which could be up to 21.9%
Hope this helps.
You must make sure you make the minimum payment every month - set up a direct. Also make sure the full balance is paid off prior to the end of the interest free period. Do not spend anything on balance transfer cards - you have to watch which debt takes priority when you make payments, otherwise you can get caught out.
There is masses of info on Money Saving Expert website about this, so do your research first.
Step 1 is stop borrowing at every opportunity.
That's not why I use a credit card.
I make ALL of my monthly purchases on credit card (apart from rent and bills) as you have really good purchase protection. I then use my salary to pay off my balance every month. It helps my credit rating and allows me to be flexible in my spending.
If you see a deal on here that is too good to miss, and you don't have the available funds at the time the deal is posted, then a credit card is a really handy way of taking advantage, plus the added bonus of purchase protection for goods over £100. I personally have funds to pay my £2000 debt with a sainsburys credit card, but paying around £200pm with 0% is more appealing to me, so then I have cash available for other things.....
If a credit card is used properly, you'll actually save money on purchase over time than those using cash or debit cards only.
Rob
It's how the world works, get over it.
Yes the will. I have a rewards card and this card