A 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.
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.
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 Confused.com.