We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Application for 22 month 0% Barclaycard with 1.45% fee
Jo4
Posts: 6,852 Forumite
I have just applied for a 22 month 0% Barclaycard with 1.45% fee for someone else and I got the following message,
"Based on the information you provided, we can’t offer it at the APR you initially applied for. We’d like to offer you this:
Barclaycard Platinum credit card with a 19.9% Representative APR (variable)
2.9% handling fee on balance transfers
(On amounts up to 90% of available credit as long as you transfer the balance within 60 days of us opening your account, plus 0% interest on purchases for 3 months.)
0% interest on balance transfers for 22 months"
Does this mean they have been offered 0% on BT for 22 months with a 2.9% handling fee? If so, the only difference in what they applied for and what they were offered is the transfer fee which is 2.9% instead of 1.45% fee or what does this actually mean?
"Based on the information you provided, we can’t offer it at the APR you initially applied for. We’d like to offer you this:
Barclaycard Platinum credit card with a 19.9% Representative APR (variable)
2.9% handling fee on balance transfers
(On amounts up to 90% of available credit as long as you transfer the balance within 60 days of us opening your account, plus 0% interest on purchases for 3 months.)
0% interest on balance transfers for 22 months"
Does this mean they have been offered 0% on BT for 22 months with a 2.9% handling fee? If so, the only difference in what they applied for and what they were offered is the transfer fee which is 2.9% instead of 1.45% fee or what does this actually mean?
0
Comments
-
Yes, "0% on BT for 22 months with a 2.9% handling fee". After 22 months, it'll become 19.9%
Any purchases on the card are 0% for 3 months, then 19.9%0 -
Of course the best answer will come from Barclaycard, but until you (or "they") contact them here's my take...Does this mean they have been offered 0% on BT for 22 months with a 2.9% handling fee? If so, the only difference in what they applied for and what they were offered is the transfer fee which is 2.9% instead of 1.45% fee or what does this actually mean?
The 1.45% fee benefit comes in the form of a rebate "up to 28 days" after the BT is made. It's subject to a different set of T&Cs, to the standard ones for the card, which may be found on their website.
In short, I'd say you've got the deal you applied for (other than APR).0 -
Internet Explorere developed a problem and closed the page so I didn't get the option to accept their offer. The person who the card is for asked me to reapply yesterday so I did and it said they would be in contact in 5 days!
I hope they get the card or will this be seen as applying for the card twice?0 -
I believe the discounted rate of 1.45% was due to expire at 2359 last night, hence the 2.9% rate if you applied after that time.Fortior quo paratior0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards