Barclaycard has launched a special deal on two of its leading 0% balance transfer credit cards.
The credit card giant is offering £15 cashback to new customers that take out either the Barclaycard Platinum 33-Month or Barclaycard Platinum 34-Month card and transfer at least £1,000 within 60 days.
But you’ll need to be quick if you want to take advantage as it’s a limited period offer available to those that apply before 29th September.
Top 0% cards for less
Longer-lasting 0% balance transfer deals give you more time to freeze your debt, but tend to attract big transfer fees.
Barclaycard’s Platinum 34-Month card is the longest-lasting card on the market offering an incredible 34 months to get back in control of your finances, but it attracts a 2.99% transfer fee.
Meanwhile Barclaycard’s Platinum 33-Month deal offers an also impressive 33 months interest-free on transfers, but comes with a 2.79% fee.
The limited period £15 cashback offer can help to offset these one-off fees, meaning you can effectively get a top 0% balance transfer deal for less.
Here’s how Barclaycard's new cashback offer helps it to compete with other top 0% deals on cost when looking at a £2,000 transfer.
|
Credit card |
0% period on balance transfers |
Balance transfer fee |
Cost of transferring £2,000 balance |
Representative APR |
|
34 months |
2.99% |
£44.80* |
18.90% |
|
|
33 months |
2.79% |
£40.80* |
18.90% |
|
|
33 months |
2.89% |
£57.80 |
18.90% |
|
|
33 months |
2.90% |
£58 |
18.90% |
|
|
32 months |
2.65% |
£53 |
18.90% |
|
|
32 months |
2.69% |
£53.80 |
18.90% |
|
|
32 months |
2.80% |
£56 |
18.90% |
|
|
Bank of Scotland Platinum 32-Month Balance Transfer MasterCard |
32 months |
2.80% |
£56 |
18.90% |
|
30 months |
2.50% |
£50 |
18.90% |
|
|
HSBC Credit Card** |
30 months |
3.30% |
£66 |
18.90% |
*Includes £15 cashback
**HSBC current account customers only
As you can see Barclaycard's cashback offer makes the Platinum 33-Month deal £17 cheaper and the Platinum 34-Month deal £13 cheaper than Sainsbury's Bank Nectar Balance Transfer MasterCard when transferring a £2,000 balance.
Low fee alternatives
If the top 0% cards still aren't in your price range even after the cashback, there is a growing range of cheaper alternatives.
Tesco has a unique deal that doesn’t attract a fee. The Tesco Clubcard Credit Card with no Balance Transfer Fee offers to freeze debt for 12 months for free.
However, bear in mind low-fee deals generally give you much less time to clear your debt before interest kicks in. So you'll need to weigh up if you can afford to go for a shorter but cheaper deal in the long run.
For more low-fee alternatives take a look at: The best low-fee balance transfer credit cards.