Barclaycard Platinum 27 Month Purchase and Balance Transfer Visa review September 2019

Cut interest payments on existing card debt and spread the cost of upcoming expenditure with this “matched” Barclaycard.

Finder rating: ★★★★★

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).

27 months

0% interest on balance transfers

27 months

0% interest on purchases

19.9%

Representative APR

£0

Account fee

Details

IssuerBarclaycard
NetworkVisa
Annual/monthly fees£0
Balance transfers0% for 27 months reverting to 19.9%
Balance transfer fee2.7% for transfers in first 60 days
Purchases0% for 27 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.

Expert review

Chris Lilly

Review by


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.

Expert review

If you’re looking to reduce the interest that you’re currently paying on card debt, then a balance transfer deal can be a smart choice – buying you time to focus on clearing the debt. If you think you might also need to use the card for upcoming purchases (or if you’d just like to have the option), then “matched” or “balanced” cards can offer an introductory 0% interest period that applies to both existing and new balances.

There is a balance transfer fee of 2.7% for transfers in first 60 days to consider, and it’s also important to remember that if you don’t clear your balance in full within the 27 months, any outstanding balance will start to accrue interest at the card’s standard rate.

While you’re paying off any balance(s) you’ve transferred, you’ll still be able to enjoy up to 56 days of 0% interest on new purchases, provided you pay them off in full and on time each month.

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.

Pros and cons

  • Long interest-free period on both balance and purchases (27 months)
  • 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
  • Balance transfer fee of 2.7% for transfers in first 60 days
  • Designed for saving you money on interest, there are few rewards for spending with this card
  • Only available to new customers

Compare other cards with “matched” 0% deals

Table: sorted by representative APR, promoted deals first
Updated September 17th, 2019
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Representative example
0% for 20 months reverting to 19.9%
0% for 20 months reverting to 19.9%
£0
19.9% p.a. (variable)
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 27 months reverting to 19.9%
0% for 27 months reverting to 19.9%
£0
19.9% p.a. (variable)
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.
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 20.93%
0% for 27 months reverting to 20.93%
£0
20.9% p.a. (variable)
Introductory 0% purchase offer only applies to purchases made within 60 days of opening.
Representative example: When you spend £1,200 at a purchase rate of 20.93% (variable) p.a., your representative rate is 20.9% APR (variable).
0% for 26 months reverting to 15.9%
0% for 26 months reverting to 15.9%
£3 per month
21.7% p.a. (variable)
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).
0% for 25 months reverting to 20.95%
0% for 25 months reverting to 20.95%
£0
20.9% p.a. (variable)
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 20.95% (variable) p.a., your representative rate is 20.9% APR (variable).
0% for 24 months reverting to 19.9%
0% for 24 months reverting to 19.9%
£0
19.9% p.a. (variable)
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 19.94%
0% for 20 months reverting to 19.94%
£0
19.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.94% (variable) p.a., your representative rate is 19.9% APR (variable).
0% for 20 months reverting to 19.95%
0% for 20 months reverting to 19.95%
£0
19.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).

Compare up to 4 providers

Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

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 27 Month 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.

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Our team evaluates credit cards to determine their value against similar products on the market.

We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles etc. – how costly it is to use day-to-day and whether it offers much in the way of extras.

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2 Comments

  1. Default Gravatar
    Eric
    July 28, 2019

    The Barclaycard platinum credit card offers 27 months interest free on ‘Purchases’, does this mean that all purchases made in say the first 25 months will be interest-free until the end of the 27th month?

    • AvatarStaff
      Jhez
      July 29, 2019

      Hi Eric,

      Thank you for your comment.

      A 0% purchase rate credit card gives you a way to buy what you want without being charged interest during the introductory period. At the end of the introductory period, the 0% rate reverts to that credit card’s standard interest rate for purchases. This means you’ll be charged interest if you haven’t paid off everything that you bought during the 0% p.a. period. Any new purchases you make will also attract interest charges at the standard rate for your card.

      So yes, you’ll be charged no interest on eligible purchases made within 27 months. Hope this helps.

      Regards,
      Jhezelyn

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