Barclaycard Reduces Balance Transfer Fee
on: May 18, 2009, 5:33 am
has announced that it is reducing the balance transfer fee on
its 0% for 12 months Barclaycard Platinum balance transfer deal
with immediate effect.
change means that the current balance transfer fee on the Barclaycard
has been reduced to 2.5% of the amount transferred from the previous
level of 3%. This offer is available for any transfers made within
60 days of opening an account, on amounts up to £5,000.
The reduction means customers will be able to save £25 on
a £5,000 balance transfer onto the Barclaycard Platinum.
reduction in the balance transfer fee following the Barclaycard
announced in February that it was reducing the annual percentage
rate (APR) on its Barclaycard
Platinum credit card from 14.9% down to 12.4%. This means
that at the end of the promotional balance transfer period, the
rate on the card will revert to ne lower rate of 12.4%.
on the reduction, Amer Sajed, Managing Director of Barclaycard
UK said, "This reduction will mean customers looking to move
their balance now have to pay less to get a market leading deal".
with services like identity protection, fraud monitoring, purchase
delivery protection and contactless
payment technology, the new lower rate will help to further
consolidate Barclaycard Platinum's position as the market leading
credit card in the UK.
Notes to Editors
The reduced balance transfer fee is available through the Barclaycard
website. Barclaycard reserves the right to withdraw this offer
at any time. Terms and Conditions apply. Barclaycard is subject
to application and status. This offer is only available to new
Barclaycard, part of Barclays Global and Retail Commercial Banking
division, is a leading global payment business which helps consumers,
retailers and businesses to make and accept payments flexibly,
and to access short-term credit when needed.
company is one of the pioneers of new forms of payments and is
at the forefront of developing viable contactless and mobile payment
schemes for today and cutting edge forms of payment for the future.
It also issues credit and charge cards to corporate customers
and the UK Government. Barclaycard partners with a wide range
of organisations across the globe to offer their customers or
members payment options and credit.
further media information please contact the Barclaycard
Barclaycard Press Office
1234 Pavilion Drive