Barclaycard 0% new customer offer

zcaprd7

Yep - stitched up with a £260 limit.

Why did they bother letting letting me have the card in the first place?

I shall enjoy cancelling my barclaycard for the second time!

I'm guessing they only have so much cash to lend out at 0% for 12 months and when that limit was hit they killed the balances offered - though I'm not sure if it was first come, first served?

jo_b_2

Wonder whether Barclaycard gave lower credit limits to people who said they wanted to transfer other credit card balnces? I specifically said that I didn't want a Balance Transfer and seem to have been given a comparatively high credit limit.

svmitche

I put on the form that I wanted to transfer a balance and I got a £3500 limit.

webmasterpolo

I filled in the app online and l didn't see a section about BT. I completed it on the 19th and l just waiting for the t+c in the post now.

How long did this take other people from date of sign up to getting card via online sign up??

zcaprd7

Did anyone see the article on The Sunday Times about this offer.

Aparently they're getting stick because you get charged a 2% charge (up to £35) when you do a balance transfer, UNLESS you applied via a branch.

Can anyone confirm this?

robnye

i have done two bt's , one via the initial application form and another over the phone, i wasnt charged for either of them.

zcaprd7

I thought it was a bit suspicious!

This is part of the article (I hope it doesn't contravene copyright) - go to https://www.timesonline.co.uk for the whole story:

New Barclaycard deal under fire

Moderator comment:- I have had to remove your post because of copyright restrictions. You may quote the odd sentence or two with a citation or rewrite it in your own words.

da644

Hi.

Noticed the chat about mean credit limits from BC and just thought I would that I got my new card in the post today (after a bit of wait, about a month since I applied online) and it seems that I got someone nice at BC processing my application as I have been given a credit limit of £4700. I only wanted about £1300 as that is what I wanted to transfer for elsewhere so I have some to spare which is nice to know incase I need it.

Regards

Andrew.

boybeck

I applied for a Barclaycard several weeks ago and completed the form for a £2500 balance transfer. Judging by the low credit ratings people have been getting, does that mean some of the debt will be charged interest straight away? If that's the case I will apply for another 0% credit card immediately.

da644

No. If they give you a credit limit lower than the amount you have asked to transfer they simply will not do the transfer (at least that would it says on the paperwork).

Best Regards

Andrew.