Barclaycard Super Balance Transfer Offer

Oog

Dear Knowledgeable Stoozers,

I received a Barclaycard offer for a 0% money transfer (and balance transfer) for 18 months but with a fee of 3.9%...

Although that sounds incredibly tempting there aren't any savings accounts giving anything like 4% out there, are there? So, it's not so super is it? And certainly not as a stooze?

Just checking...

Oog

Martinslovechild

I guess that the only way you'll realise a profit is if your mortgage rate is more than 3.9% and allows overpayments or you're willing to invest the cash in the stock market.

knightstyle

I just got 24months for 4.9% offer from them!

mrs_T

Not super at all, several longer interest free periods for lower fee here: http://www.stoozing.com/cards/balance-transfer-cards.php

YorkshireBoy

Martinslovechild wrote: »

I guess that the only way you'll realise a profit is if your mortgage rate is more than 3.9% and allows overpayments...

I could be wrong, but since the fee is a one-off and the mortgage rate is an APR I don't think you'd need as much as 3.9%?

For this 18 month deal, and even after factoring in 2.25% minimum payments, 3.2% would return a (very small) profit.

Long gone are the days when we could borrow fee-free and save at 6.3% AER!

w0lfm0ther

I got 3% for 27 months from barclaycard this week.