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Barclaycard hailed best for balance transfer

Barclaycard's Platinum Long Tern Balance Transfer credit card has been endorsed by a national newspaper.

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12 March 2009

Barclaycard hailed best for balance transfer

Barclaycard's Platinum Long Tern Balance Transfer credit card has been endorsed by a national newspaper.

The Daily Mail claimed its terms were among the best for borrowers who cannot apply for interest-free deals.

Boasting a modest 6.5% charge on balance transfer, the newspaper noted: "This is lower than any overdraft or personal loan rates you can find and also means you have the flexibility to repay it in your own time."

However, the publication warned purchases are only interest-free for the first ten months, after which cardholders can expect a 16.9% levy.

Citibank's Life of Balance MasterCard also made the shortlist with its low life of balance rate of 6.9%.

According to celebrity financial advisor Martin Lewis, consumers looking for balance transfer deals are better off opting for a "long-term cheap stable relationship rather than trying to be a credit card tart" and switching providers frequently.

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Best Buy Credit Cards

Credit Cards 0% Balance Transfers 0% Purchases APR Representative (Variable)
Tesco ClubCard Credit Card Logo Tesco Bank Logo Tesco ClubCard Credit Card Apply
9 months 15 months 16.9%
** 16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable). **
Virgin Credit Card Logo Virgin Money Logo Virgin Credit Card Apply
20 months 3 months 16.8%
** 16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable). **
Barclaycard Platinum with BT Logo Barclaycard Logo Barclaycard Platinum with BT Apply
22 months 3 months 17.5%
** 17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable). **
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