By transferring a balance within 60 days of opening an account, you will benefit from a low rate of 0%. Otherwise, the rate increases to 21.9% P.A variable. This duration of this low rate may differ depending on personal circumstances, such as income and credit history.
Balance Transfer 0% for 27 Months with a 3.5% fee
There is no shortage of options if you are looking for a balance transfer credit card, but Barclaycard Platinum continues to be one of the most popular and it’s easy to see why. It’s not one of the many credit cards for bad credit that are currently available, though it does offer those lucky enough to have a good credit score a number of impressive credit options. A lot of people make the mistake of assuming that credit cards for bad credit are the easiest to sign up for as they are available to everyone, but this is not always the case. If you have a good credit score and are in need of a credit card, signing up for a Barclaycard Platinum balance transfer credit card is relatively simple and it has a lot to offer.
Who Can Apply For A Barclaycard Platinum Credit Card?
It’s always a good idea to do a credit card compare before picking the ideal option for you as there are a number of credit cards to choose from, but many people find that the Barclaycard Platinum is ideal. The Barclaycard Platinum credit card is available to those who are aged 18 or over and have a minimum income of £3,000. In order to be approved for the credit card, you must be a UK resident and have a good credit score. When you apply, your personal circumstances such as credit history and how you have managed credit in the past will be taken into account.
What Does The Barclaycard Platinum Credit Card Offer?
- With the Barclaycard Platinum credit card, you will receive an APR of 21.9%. This is fairly average when compared to a number of other leading credit card companies and is neither exceptionally low or exceptionally high.
- As a balance transfer credit card, the Barclaycard Platinum offers 0% for 27 Months with a 3.5% fee. In order to take advantage of this introductory offer you need to transfer a balance within 60 days of opening the account. If you fail to do so, you will not receive the low rate of 0% for 27 months and the rate increases to 21.9% P.A variable with no fee.
- The Barclaycard Platinum credit card offers a rate of 0% for 27 months on purchases. This period starts from the date of opening the account, not from the date of the first purchase.
- The duration and availability of offers may vary depending on your personal circumstances, so it is important to check everything before going ahead. Information such as your credit history and how you have managed credit in the past will be taken into account.
As you can see, the Barclaycard Platinum credit card has a lot to offer those who meet the requirements and have a good credit rating. You won’t be approved for this credit card if you have a poor credit score, but there are other credit card options available.