Barclaycard has Increased the Balance Transfer Period on Barclaycard Platinum

NORTHAMPTON, England, Aug. 23 /PRNewswire/ -- Barclaycard has announced it is increasing the balance transfer period on Barclaycard Platinum to 16 months at 0% for new customers with a handling charge of 2.9%.  

Barclaycard Platinum also offers 0% interest on purchases for the first three months and a typical APR of 16.9%.

The extension of balance transfers to 16 months provides customers with an affordable way to manage their finances without incurring extra interest. The handling charge of just 2.9% makes it easy for customers to make the move as well as saving them money. Purchases over the first three months will also be interest free, with typical interest at 16.9%.

In addition to the extended 0% balance transfer offered by Barclaycard Platinum, customers will benefit from the broadest rewards scheme in the UK. Barclaycard Freedom provides Reward Money in pounds and pence in thousands of retailers across the UK without the need to carry additional credit cards or vouchers.

Customers will also enjoy the flexibility of contactless technology: payments of 15 pounds Sterling and under can be made by simply holding the credit card over the contactless reader; all backed up by Barclaycard's advanced security and fraud prevention measures.

Full details of cards and instructions on how to apply online can be found on the Barclaycard website.

About Barclaycard

Barclaycard, part of Barclays Global Retail Banking division, is a leading global payment business which helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed.

The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future.  It also issues credit and charge cards to corporate customers and the UK Government.  Barclaycard partners with a wide range of organisations across the globe to offer their customers or members payment options and credit.

In addition to the UK, Barclaycard operates in the United States, Europe and Africa.

Key facts published in August 2010;

• number of UK customers: 11.1m
• number of International customers: 10.5m
• number of retailer/merchant relationships: 85,000

SOURCE Barclaycard