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Barclaycard Platinum 27 Month Purchase and Balance Transfer Visa review November 2019
Cut interest payments on existing card debt and spread the cost of upcoming expenditure with this “matched” 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 27 months reverting to 19.9%|
|Balance transfer fee||2.7% for transfers in first 60 days|
|Purchases||0% for 27 months reverting to 19.9%|
|Purchases interest-free period||Up to 56 days|
|Min. credit limit||£50|
|Max credit limit||Not specified|
|Additional cards available||1|
|Incentive||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.|
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.
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
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.