Increase in interest free period from Barclaycard

Many people these days are looking for deals on credit cards that will help them to save money on their borrowing, and one of the deals that people have been taking up is the interest free balance transfer credit cards. With these interest free balance transfer credit cards users are able to save money on their borrowing by transferring high interest debt onto an interest free card.

There are many different credit card providers and banks that offer different deals on interest free balance transfer credit cards, which boosts the chances of finding the right card. In fact, the interest free balance transfer credit card market has become increasingly competitive, and this means that providers are looking to attract custom with bigger and better deals.

One major credit card provider, Barclaycard, has now introduced a new, longer interest free period on its Barclaycard Platinum, which means that cardholders will be able to enjoy a more generous period over which to repay the balance that they have transferred onto the credit card.

The balance transfer period on the card has now been increased to a very generous sixteen months, with consumers getting 0 percent interest on their transferred balance for this period. The fee for the balance transfer with this deal is 2.9 percent.

In addition to offering a longer interest free period on the card for those transferring balances the lender is also offering three months of interest free credit on purchases, which means that cardholders could potentially save even more money on their borrowing.

The card also comes with a rewards scheme, where users can enjoy getting something back for their spending, and can also enjoy the convenience of contactless technology if they are paying for smaller purchases of up to £15.00.