Did you know Barclaycard are offering 0% on balance transfers for 20 months? That’s the the longest 0% balance transfer offer in the market today. If you’ve got a credit card balance to pay off then moving it to a card with an interest free period like this could save you quite a bit of money in interest payments.
Even if you have been careful with your cash, the chances are that buying all that baby gear plus a drop in income for a few years (whether that’s time away from work or outrageous childcare fees!) will have left you with a bit more on your credit card than you would like. By moving the balance to a card offering a 0% balance transfer, you can pay off your debt faster or cut down your monthly repayments.
If you’re a new customer signing up to Barclaycard between 15th March and 3rd May 2011 you can also take advantage of a 25% reduction on the handling charge when transferring multiple balances from other lenders – the highest balance transfer will incur a handling fee of 3.2%, with any additional transfers seeing effective handling fees of 2.74%. This is available on Barclaycard Platinum and Barclaycard Platinum Purchase products.
As well as helping you out by cutting the cost of borrowing money, Barclaycard also offers the easiest-to-use rewards scheme in the UK. Known as Barclaycard Freedom, it gives you Reward Money in pounds and pence in thousands of retailers UK-wide and online, without the need to carry any additional reward card or vouchers.
You have up to 60 days from the date of your application to transfer your balance.