Big Warning!!!! Barclaycard

smeghead_3-2

Just got a cheeky offer from Barklaycard, promoting :cool: their Platinum Card. Boast 0% interest for the DURATION of any balance transfer :T , as (and get this) a THANKYOU for spending at least £25.00 per month :eek: .

This would mean that slowley slowley you would delete the balanced transfered money :beer: , BUT all the while knocking up £25.00 per month , which would stay on the card until the transfered balance was paid off, accumulating a TYPICAL 17.9% ap :eek: r.

Now I am no mathamatition (as I am not a great speller ), BUT if it took you 1 year to pay off transfers :beer: you would have accumulated £300 debt on the card :eek: accumulating interest all th while. I am sure I could produce a graph to illustrate the point, but I think the message is clear...

BARKLAYCARD......BOOOOOOOOOOOOOOOOOOOO :mad:

Please visit my blog @ www.them-were-the-days.blogspot.com. Hopefully it will make you smile, and inspire you to comment.:T

grumbler

smeghead wrote:

...Now I am no mathamatition ...

I see :rolleyes:
See Barclaycard new (I think) deal - my brain aches... and Barclaycard 0% Forever on BT's

Milarky

As grumbler says, its been discussed in those other threads. Arranging to spend 'exactly' £25 each month does entail more organisation than the '£1 spend' version. Also the min payments are 3% not 2% which cuts into your profit a bit more quickly.

What I'd like to know is:

Maximum amount? (£5k?) allowed to transfer - the more you can the more the profit margin?

Repeatable? (probably not) balance transfer or only a single balance transfer?