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May deal for new Barclaycard customers

Gold credit cardA new offer from Barclaycard could make May the month borrowers start tackling their credit-card debt.

New customers will get a £30 discount on balance transfer fees if moving £2,500 or more from an existing card to the Barclaycard Platinum credit card.

The deal will finish at midnight on 31 May 2012.

How it works

If you transfer £2,500 of debt, for example, on to the card you would have previously paid a fee of 2.9 per cent - totalling £62.50.

Thanks to the discount, you’ll now only pay £32.50 - the equivalent of a transfer fee of just 1.3 per cent.

The pros

1: At 22 months, this is one of the longest 0 per cent interest periods on balance transfers available.

2: Even without the discount, the 2.9 per cent transfer fee is small when compared with many other leading cards.

3: The Barclaycard Platinum includes a 0 per cent interest on purchases for three months from opening the account.

The cons

1: You may not be accepted for this card if you have a non-existent or poor credit history.

2: If you are already a Barclaycard customer Barclaycard does not accept balances transferred from its own cards.

3: If you don’t pay off the debt in time the interest rate jumps from 0 per cent to 17.9 per cent at the end of the 22 month-period.

All in all, if you’re looking for a card that helps you regain control of your credit card balances over the next year and 10 months, the Barclaycard Platinum credit card has a lot going for it.

If you do have an existing balance with Barclaycard you can also compare other balance transfer cards on  

Compare credit cards

Compare cards for anything from balance transfers to credit cards for people with bad credit.

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Adam Jolley

Adam Jolley

Adam Jolley is a content producer at He joined us in May 2012 from the world of financial services PR.

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