Barclaycard Release 31 Month Balance Transfer Card

Friday 7th February 2014:
In response to the balance transfer credit card price war between Halifax and Barclaycard, Will Becker, CEO and co-founder of, comments: “As Halifax battles to steal the number one spot in the 0% balance transfer credit card table with the launch of a 30 month offer, Barclaycard sends a clear message that it will not be beaten with the immediate roll out of the longest ever BT deal at 31 months. Whichever way you cut it, both product launches are amazing news for consumers. Switching to Barclaycard’s 31 month deal can save a whopping £769 with a 2.99% balance transfer fee. Equally, you can save £757 with Halifax subject to a slightly higher fee of 3%. These savings would probably outstrip any car insurance or energy switch.
“However, with the increased possibility of a Bank of England base rate hike, cheap lending may not be sustainable for providers in the long term. Consumers should act quickly to clinch one of these table topping deals as they have pretty much reached the ‘peak of cheap’. It’s no secret within the industry that these cards will be withdrawn if the base rate rises.
“As with all best buy deals, there is no guarantee that people with a less than perfect credit score will actually get one. To avoid a hefty great footprint on your credit score you should always practice ‘safe chex’ by applying through a price comparison website such as We will check your eligibility for the product you are applying for and offer alternative solutions if it looks unlikely that you’ll be accepted.”
“If you are lucky enough to get one, make sure you don’t miss repayments as a breach of the terms and conditions means customers could lose the 0% balance transfer deal before the end of the offer period. This means they could end up paying the default purchase APR which is around 18%. Our research shows that one in four balance transfer customers fall into this trap.


About, launched in 2007, is the UK’s leading credit-focussed comparison website which sets out to make it simpler for consumers to compare credit cards, loans and mortgages. With a revolutionary approach to credit comparison, uses exceptional comparison tools to empower people to make better financial choices.


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