Barclaycard Platinum 26 Month Balance Transfer Visa review April 2019

Barclaycard Platinum 26 Month Balance Transfer Visa
Barclaycard Platinum 26 Month Balance Transfer Visa
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Falling somewhere in the middle of Barclaycard’s range of balance transfer cards, this deal comes with a lengthy 0% period and a reduced transfer fee.

If existing card debt is costing you a significant amount each month in interest, then a balance transfer deal can be a smart choice – buying you time (in this case 26 months) to focus on clearing the debt.

As one of the biggest names in the balance transfer space, Barclaycard has a decent choice of cards for people in exactly this situation. This card doesn’t come with Barclaycard’s longest 0% period, but it does have a reduced balance transfer fee of 1.5% for transfers in first 60 days. If you’re planning to transfer a particularly large balance, that could be a significant benefit.

Ultimately, whether this particular balance transfer card is suitable for you is likely to depend on the size of your existing balance and on how long you expect to need in order to clear it. Cards with no balance transfer fee are available, but these typically come with the trade off of shorter 0% interest periods.

Don’t forget that like all Barclaycards, this card comes with a number of handy extras, including pre-sale tickets and discounts on selected gigs and festivals through Barclaycard entertainment.

Key details

IssuerBarclaycard
NetworkVisa
Annual/monthly fees£0
Balance transfers0% for 26 months reverting to 19.9%
Balance transfer fee1.5% for transfers in first 60 days
Purchases0% for 6 months reverting to 19.9%
Purchases interest-free periodUp to 56 days
Cash advances27.9%
Min. credit limit£50
Max credit limitNot specified
Additional cards available1
IncentiveBuy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive pre-sale tickets on selected festivals with 10% off ticket prices.
Annual/monthly fees£0
Balance transfer fee1.5% for transfers in first 60 days
Foreign usage charge (EU)2.99%
Foreign usage charge (rest of world)2.99%
Cash advance fee2.99% (min. £2.99)
Late payment fee£12
Duplicate statement fee£2
Exceeding limit fee£12
Additional card fee£0
Replacement card fee£0
Dormancy fee£0
Minimum Age21
Minimum income£20,000
AvailabilityAvailable to new customers
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

Pros and cons

  • Long interest-free period that you can use to reduce debt
  • Balance transfer fee is partially refunded and there's no annual fee
  • Exclusive discounts and pre-sale tickets for selected live events
  • Online banking and mobile app to manage your card
  • 2.99% fee on overseas transactions
  • Purchases are interest-free only for 6 months
  • Designed for saving you money on interest, there are few rewards for spending with this card
  • Only available to new customers

How does this card compare with other similar cards on the market?

Comparison ordered by representative APR with affiliated products shown first.
Updated April 21st, 2019
Name Product Balance transfers Balance transfer fee Purchases Rep. APR Incentive Representative example
0% for 20 months reverting to 19.9%
2.9% (min. £5)
0% for 20 months reverting to 19.9%
19.9%
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 12 months reverting to 19.9%
3% (min. £3)
19.9%
19.9%
Earn Asda vouchers every time you shop - 1% cashback on all Asda spend, 0.2% on all other transactions and 10% on selected insurance products. Once £2.5 is earnt a voucher can be downloaded to spend in Asda stores.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 28 months reverting to 19.9%
1.75% for transfers in first 60 days
0% for 6 months reverting to 19.9%
19.9%
Buy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive pre-sale tickets on selected festivals with 10% off ticket prices. Save 5% on food and drink at all UK 02 Academy venues.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 20 months reverting to 19.9%
0% for transfers in first 60 days
0% for 6 months reverting to 19.9%
19.9%
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 27 months reverting to 19.9%
2.7% for transfers in first 60 days
0% for 27 months reverting to 19.9%
19.9%
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 26 months reverting to 19.9%
1.5% for transfers in first 60 days
0% for 6 months reverting to 19.9%
19.9%
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 12 months reverting to 15.9%
0% for 3 months reverting to 2.4% (min. £5)
0% for 12 months reverting to 15.9%
15.9%
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a., your representative rate is 15.9% APR (variable).
0% for 12 months reverting to 17.9%
0% for 3 months reverting to 2.4% (min. £5)
0% for 12 months reverting to 17.9%
17.9%
Customers will be able to earn commission-free purchases abroad by using their Credit Card each time they make a purchase in Sterling. The calculation will be based on a 5:1 ratio - for example, £5 spent in Sterling will earn an allowance of £1 commission free-purchases abroad. Purchases abroad beyond the earned amount will be charged 2% commission.
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a., your representative rate is 17.9% APR (variable).

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Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0800 731 0200), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:
Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the Barclaycard Platinum 26 Month 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.

*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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