Barclaycard Platinum 18 Month 0% Purchase and Balance Transfer Visa review September 2020
Cut interest payments on existing card debt and spread the cost of upcoming expenditure with this 0% Purchase and Balance Transfer Barclaycard.
Finder rating: ★★★★★
Doing its job: 4.5/5
In a nutshell:
0% interest on balance transfers
0% interest on purchases
|Balance transfers||0% for 18 months reverting to 21.9%|
|Balance transfer fee||2.9%|
|Purchases||0% for 18 months reverting to 21.9%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£50|
|Max credit limit||Not specified|
|Additional cards available||4|
|Incentive||Buy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive presale tickets on selected festivals with 10% off ticket prices.|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
This Barclaycard Platinum card is something of a jack of all trades, with 0% periods on both purchases and balance transfers, a couple of perks, and no annual fees.
For those with existing card debt, the 0% period for balance transfers will appeal, and for those anticipating a large upcoming expenditure, the 0% period on purchases will appeal. If both apply to you, no problem.
The only downsides are the balance transfer fee and the fact that there are definitely longer 0% balance transfer periods available on the market.
Like most card issuers now, Barclaycard provide an online eligibility checker which can give you a good idea of your chances of getting approved for the card before you apply. Being a “soft” search his won’t affect your credit score (while submitting a full application can), so it’s worth doing.
Pros and cons
- Customers report excellent customer service when dealing with Barclaycard.
- Over a year of 0% interest to focus on reducing card debt.
- Over a year to spread the cost of purchases.
- No annual fee.
- Minimum annual income requirement of £20,000.
- Applicants with low credit scores are unlikely to be eligible.
- You may be offered an opening credit limit as low as £50.
How does this card compare with other similar cards on the market?
How to apply for the Barclaycard Platinum 18 Month 0% Purchase and Balance Transfer Visa
If you have compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, it’s a smart idea to quickly use the “eligibility checker”, which can give you a good idea of your chances of approval before you apply. Crucially, because it uses a “soft” credit search, this tool won’t affect your credit score.