Barclaycard 0% new customer offer

System

This thread relates to the new customer offer described in this article

(to discuss the existing customer offer click here)

To ask a question of discuss this click reply.

System

Hi Martin Just to let you know I got a new 0% Barclaycard for 12 months the other day only to find that Barclay card place £3000 credit limit on the card. So anyone wanting to take advantage of this deal is only going to change if the credit limit is Higher. I have got a Halifax interest free card at the moment and they give me £13000 worth of credit. When asked Barclay card said all new customers have s 3-month low credit limit? After which it is reviewed. In other words to late to transfer any more credit to it!!!! So, my take on it is it is not as good a deal as you say. Make sure you understand the small print I say.

shazrazmataz

I applied for my card on the 10th of June, still waiting for it. Poor service or what? thats a month less interest free already !!! >:(

System

received my new barclaycard this morning offering me a credit limit of £280! I hold 2 credit cards one of which is paid in full every mth and the other holds a balance of £4000. I have never had credit problems , earn approx £50K and therefore completely cynical about the whole process. I do not expect Barclaycard to be an irresponsible lender but I am not an irresponsible borrower!! There is absolutely no human contact in the application process particularly when the "system" spews out such a ridiculous figure as £280. I phoned them this morning, spoke to the supervisor but he just trotted out the same old management speak and did not want to offer a personal opinion. Just wondering if the new film "I Robot" have been using Barclaycard employees as extras? Barclaycard are receiving 6000 applications a day so prepare for a long wait! As for me I am just about to cut mine up.........

stug_2

I wandered into the Barclays branch in Nottingham on June 1st, enticed by the posters in the window offering 0% until Aug '05 (well that and the tip-off from Martin). I couldn't find any new application forms so asked a member of staff, who gave me one of the old forms (0% until Nov 1st, offer expired May 30th) and was told that as the old offer had expired I'd get the new deal.

However when my card arrived 2 weeks later, the accompanying letter said that the 0% was only until November. After activating my card on June 17th I called customer services to query this and was assured that I'd got the Aug '05 deal and that they "must have been using up the old letters".

Having now received my first statement, the offer is still the Nov one, I've called B/C again who didn't seem that interested, and simply said that the person in the branch shouldn't have told me to use the old form (no mention of where their operator was looking when he told me I had got the Aug '05 deal).

I pointed out that if I'd wanted 5 months 0% there's plenty of other places I could have looked; the operator has promised to speak with their applications department to look into this but from her apathetic tones I'm not holding out much hope of getting my extra 9 months. Anyone else been stitched up like this?

System

I have thought that companies offering interest free deals make try to make money on the insurance against redundancy/illness. I have a sizeable balance I'd like to transfer - has anyone looked into whether the insurance charge is reasonable?

Thanks
Mark

Galstonian

You don't have to have insurance and if you do have insurance you don't have to get it from the credit card provider.

I would never suggest that anyone should refuse insurance if they feel they need it but, the general consensus here seems to be that the policies offered by credit card issuers are expensive and offer restrictive cover compared to other insurers.

Fit_Like

Hi

A newbie here and wondered if anyone could help, I am planning to buy a new car and go on holiday totalling approx £5,000. With a bit of jigerypokery would it be possible to purchase the above on another credit card, then get barclaycard, transfer the balance and pay the amount off over the 13 month interest free period? Having read the various bits on this thread, it would appear that I may not get the £5k credit limit from barclaycard. If this is the case what happens regarding the interest free bit? Would I be better going to Egg? Am I reading this right?

Any help would be appreciated

Cheers

Galstonian

You sound like you've got the right idea but I'd look at getting cash out of the Barclaycard rather than try and buy everything on a different card and transfer. You'll never know the limits until you try, I'd be tempted to suggest MBNA as their limits are more generous than Barclays and they offer up to 12 months 0%.

Fit_Like

Hi Galstonian

You could not pay for such prompt service! thanks! ;D

The reason I was buying on another CC was because it was a Thomas Cook Travel one which means I get travel pounds off my holiday, 8) then transfer over the Barclaycard for the interest free bit

Thanks again

Fit Like