Barclaycard Platinum with Balance Transfer Credit Card

Independent review with up to date rates, fees and special offers for this card...

barclaycard platinum with balance transfer credit card

apply now for barclaycard platinum with balance transfer credit card
  • Superb 0% balance transfer for 16 months (2.9% fee)
  • Purchase and fraud securities
  • Savings on shopping and travel

Barclaycard credit card review: Platinum with Balance Transfer

THE Barclaycard Platinum with Balance Transfer credit card offers a great 0% balance transfer deal for a market leading 16 months.

0% interest rates on balance transfers are now available on transfers up to 90% of your available credit limit (a 2.9% fee is applicable).

Platinum cardholder services

Offering up a range of free services to help keep you, your money and your purchases safe, the Barclaycard Platinum credit card keeps it's name as one of the best credit cards to carry and certainly one to hold onto!

The Barclaycard Platinum with Balance Transfer credit card offers many exclusive platinum cardholder benefits including free purchase delivery insurance, a fraud guarantee, free comprehensive travel insurance (not just travel accident insurance!), worldwide assistance to help you abroad and an emergency card replacement and cash advance service if you ever lose your Barclaycard Platinum credit card in the UK or abroad.

Barclaycard Freedom

This Barclaycard Platinum comes with Barclaycard's new reward scheme - Barclaycard Freedom.

Freedom works by rewarding you with up to 1% in Reward Money whenever you shop with participating retailers. Then simply choose to spend it - or save it up - when you make future purchases with Barclaycard Freedom participating retailers.

Participating retailers include: Shell, Pizza Express, Yo! Sushi, LA Fitness, npower, Goldsmiths, Firebox.com and many more.

Discounts with Thomas Cook

The Barclaycard Platinum with Balance Transfer credit card will also save you money on your next summer holiday. Book through the Barclaycard Travel Service with Thomas Cook and get 7% or more discounts with Thomas Cook and over 150 tour operators.


Interest Rates and Fees
    Notes..
Typical APR 16.9% APR (variable) The typical APR is the rate most people are offered.
Introductory Purchases 0% for 3 months Payments are applied towards promotional balance transfers before promotional purchases.
Balance Transfers 0% for 16 months Balances must be transferred within 60 days of account opening to qualify.
The amount transferred cannot exceed 90% of your available credit limit.
Payments are applied towards introductory rates first, with promotional balance transfers being repaid before promotional purchases.
Balance Transfer Fee 2.9% This balance transfer handling fee applies to the introductory balance transfer offer.
Cash Withdrawal Rate 27.9% p.a. (variable) -
Cash Withdrawal Fee 2.5%
(£2.5 minimum)
-
Annual Fee None -
Foreign Transaction Fee 2.75% This fee will be charged if you make a purchase or cash withdrawal in a foreign currency.

Rewards
    Notes..
Reward #1 Barclaycard Freedom Earn up to 1% in Reward Money on all your purchases with participating retailers.
Reward Money can be redeemed towards future purchases at the checkout of any participating retailer.
Barclaycard Freedom participating retailers include:
- Shell: 0.5% (Earn only, no redemption)
- Goldsmiths
- Blue Inc
- Yo! Sushi
- Pizza Express
- Firebox.com
- npower
- LA fitness
- Nationwide Autocentre
- gourmet burger kitchen
- Just Tyres
- Officers Club
- Barclays
- Flight Centre
- Watches & Switzerland
- F.HINDS
- Mappin & Webb
- petroleum
- BSM
- Bales Brothers
- Lewis & Clarke
- Give by George Davis
- JustGiving
Reward #2 Thomas Cook Discounts Book your holiday through the Barclaycard Travel Service and get a discount of 7% or more with Thomas Cook and over 150 tour operators.
Thomas Cook will also waive their standard 2.25% credit card booking fee for Barclaycard cardholders.
Reward #3 Barclaycard Unwind Exclusive access to entertainment tickets, must-see gigs and one-off live sessions with Barclaycard Unwind.

Cardholder Services & Extras
   
Online Account Management This service is offered. You can log in to the Barclaycard web site and manage your Barclaycard Platinum credit card account online.
An optional free text alert service offers a text message to your mobile 5 days before your Barclaycard payment is due.
Fraud Guarantee This service is offered. You won't be held liable for fraudulent use of your Barclaycard as long as you notify Barclaycard as soon as you become aware of it or notice anything suspicious on your account.
Fraud Monitoring This service is offered. Barclaycard will look out for any unusual activity on your account and contact you to make sure it's not fraudulent.
Identity Protection This service is offered. Identity Protection Service
Barclaycard provide a confidential helpline if you think you may be a victim of Identity theft or if you just want advice on how to avoid it happening.
Verified by Visa This service is offered. An extra layer of security when shopping online. Register and set up a password-protected identity-check when you shop online with participating online retailers.
Purchase Protection Insurance This service is not offered.
Purchase Delivery Insurance This service is offered. Covers brand new goods bought with your Barclaycard Platinum credit card if they don't arrive or are delivered damage and you are unable to resolve the issue with the supplier. Covers goods bought online, over the telephone and in the high street if goods are delivered.
Comprehensive Travel Insurance This service is offered. Free single trip travel insurance
When you book your holiday (between 2 and 21 days long) through the Barclaycard Travel Service. Up to 5 friends and family members travelling with you will be covered. Exclusions and terms and conditions apply.
Travel Accident Insurance This service is not offered.
Travel Inconvenience Insurance This service is not offered.
Assistance Abroad This service is offered. Worldwide Assistance
Free help if anything goes wrong while you're abroad.
Barclaycard can help you in the case that anything goes wrong whilst you are abroad. They can provide legal assistance, medical emergency help, arrange flights and transport to get you home as quickly as possible, interpretation, send a message home, and help with lost or stolen documents.
Emergency Card Replacement This service is offered. Barclaycard will get you an emergency card replacement if yours is lost or stolen anywhere in the world. Barclaycard can also arrange an emergency cash advance of up to £1,000 a week (subject to available funds on your account), and they'll even refund the cash handling fee.
OneTouch Payment System This service is offered. Visa payWave
A contactless payment technology that allows you to pay for purchases costing £10 or under with just a 'touch' of the credit card at participating retailers (mainly around London travel services).
Other Extras - 10% off Barclays Annual Travel Insurance
- 24 hour Customer Services.
Optional Extras These are extras that you can choose, but you will have to pay for them.
- Card Protection
- Payment Protection
- Everyday Cover
- Identity Theft Protection.

Payments & Payment Details
    Notes..
Credit Limit £250 minimum Maximum credit limit is subject to status.
Interest Free Period Up to 56 days For purchases if you pay your statement balance in full and on time each month.
There is no interest free period on balance transfers, cash withdrawals or credit card cheques outside of any promotional offer.
Minimum Monthly Payment 2.25%
(£5 minimum)
The minimum monthly payment will be the greater of:
- 2.25% of your outstanding balance, OR
- £5.
Allocation of Payments Default Charges » Promotional Balance Transfers » Promotional Purchases » Purchases, Balance Transfers & Other Charges » Cash Withdrawals -
Default Charges £12 This is how much you will be charged for late payments, returned payments and if you go over your credit limit.
Copy of Statement Fee £3 This is the fee you will be charged for duplicate statements.

Card Details
    Notes..
Online Application Yes Remember: always ensure you meet the application requirements before applying, as getting rejected can affect your credit score.
Card Type Platinum -
Payment Company Visa The company who provides the payment technology and infrastructure to allow you to use this credit card.
Retailers and ATM machines displaying the 'Visa' logo will accept this credit card.
Card Issuer Barclays Bank The bank who issues this credit card.
Barclays Bank
1 Churchill Place
London
E14 5HP
Card Advertiser Barclaycard The company who advertises and promotes this credit card.


At a glance

Typical APR:
(variable)
16.9% APR
Purchases: 0% for 3 months
  16.9% p.a. thereafter
Balance Transfers: 0% for 16 months
  2.9% transfer fee
Interest Free Period: Up to 56 days
Annual Fee: £0
Rewards:
  • Barclaycard Freedom
  • Thomas Cook Discounts
  • Barclaycard Unwind
This card includes:
Online Account Management
Fraud Security
Purchase Protection
Comprehensive Travel Insurance
apply for a barclaycard platinum with balance transfer credit card
You should only apply if you are:
  • Aged 21 or over
  • Have a permanent UK address for 3 months or more
  • Have a good credit history
  • Have a regular income
  • Earn at least £20,000 per annum
  • Don't already hold a Barclaycard
  • Have no history of bankruptcy
  • Have no CCJ's or IVAs in the past 5 years
  • Have at least 4 years history of managing credit well
  • Excluding a mortgage, your debt on credit cards or store cards is less than 10% of your income


Review Continued...

The Barclaycard Platinum with Balance Transfer credit card is another fantastic credit card from the people who bought us the first ever credit card. With that amount of experience, it's not hard to see why the Barclaycard Platinum credit card range reaches and exceeds our expectations.

Offering so many cardholder benefits, this card is what a credit card should be, a little piece of plastic that makes life easier, not just as way to pay for goods and services, but a way to help keep those purchases safe, and it will look after you and your money too.

Long 0% balance transfers

The Barclaycard Platinum with Balance Transfer credit card offers a market-leading introductory deal on balance transfers, offering up 0% interest rates for the next 16 months.

This lengthy 0% balance transfer deal enables you to clear up any existing credit card debts by transferring them to the Barclaycard Platinum credit card and you'll get the next 16 months interest free, so you can repay the balance slowly, whilst saving yourself a heap of money in interest charges.

It is important to note a couple of small terms and conditions laid down with this deal. Balances transferred will be subject to a handling fee of 2.9% of the balance being transferred, but this will be small-change in comparison to the potential savings on offer in terms of interest.

Another note to remember is that you must transfer your existing credit card balances within 60 days of opening your account. You can benefit from 0% interest rates on balance transfers up to 90% of your available credit limit.

0% on purchases

The Barclaycard Platinum with Balance Transfer credit card also offers 0% interest rates on purchases for 3 months from the date your account opens.

It's not as long as some introductory 0% purchase deals on the market, and if you are also making use of the balance transfer deal, it's best to repay this before you start using the Barclaycard Platinum with Balance Transfer credit card for purchases.

This is because the payments you make to the account will be applied to promotional balance transfers first, so you won't be able to repay any purchases (even those at 0%) or cash withdrawals until you have cleared your balance transfer first.

Purchase and money security

The Barclaycard Platinum with Balance Transfer credit card just couldn't be better for keeping your purchases and your money safe. This credit card really earns top marks for their purchase security and fraud features.

The Barclaycard Platinum with Balance Transfer credit card comes with free purchase delivery protection, which covers brand new goods bought with the Barclaycard Platinum with Balance Transfer credit card until they are delivered safe at your home address. Goods are covered when bought online, over the telephone or from the high street when delivered to your home.

Your money will also be kept safe with the Barclaycard Platinum with Balance Transfer credit card, as it comes with fraud protection, so Barclaycard will look out for any unusual activity on your account and get in touch with you to make sure it's not fraudulent.

And, if it does turn out to be fraudulent - you won't be held responsible for any of the charges.

Travel features

If you like travelling, or even if you're just a regular holiday-goer, you'll like it even more as a Barclaycard cardholder. With a range of travel benefits and services available you can feel rest assured that if things go wrong Barclaycard will be there to help.

As a Barclaycard credit card member you'll be privy to savings when you book your holiday through the Barclaycard Travel Service with Thomas Cook. And, when you do book your holiday through the Barclaycard Travel Service you'll get free single trip travel insurance for you and up to 5 friends or family members travelling with you.

We never like to think that bad things happen on holiday or whilst abroad, but if the worst does happen, Barclaycard offer worldwide assistance, providing a range of free services including legal assistance, emergency medical help, they can arrange flights and transport to get you home as quickly as possible, interpretation, sending messages and help with lost or stolen documents.

Also, if you ever happen to lose your Barclaycard Platinum with Balance Transfer credit card whilst abroad, Barclaycard will get you an emergency card replacement and can also arrange an emergency cash advance of up to £1,000 a week - though this will be subject to available funds in your account.

Barclaycard Freedom Rewards

New from Barclaycard is the Freedom rewards scheme available on selected Barclaycard credit cards - including this one.

Barclaycard Freedom operates slightly differently to most reward schemes, rewarding you with Reward Money whenever you shop with participating retailers.

Reward Money can then be easily redeemed towards the cost of future purchases when you checkout at participating retailers.

You'll earn up to 1% in Reward Money on your purchases with participating retailers including Shell, Goldsmiths, Yo! Sushi, Pizza Express, Firebox.com, npower, LA fitness, Nationwide Autocentre, gourmet burger kitchen, Just Tyres, Barclays, Flight Centre, Watches & Switzerland, F.HINDS, Mappin & Webb London, BSM, Bales Brothers, Lewis & Clarke, Give by George Davis and JustGiving.

In Summary

The Barclaycard Platinum with Balance Transfer credit card is the perfect balance transfer tool for clearing up any currently outstanding credit card balances - offering huge amounts of potential savings for 16 months while you repay it.

And, for when the 0% period ends, you really won't be left with a useless piece of plastic; Barclaycard offers such a realm of services and benefits you won't want to pay with anything else!.

Apply Online for Barclaycard Platinum with Balance Transfer credit card »