FYI Barclaycard

Shakin_Steve

Received this from Barclaycard today. It may be of interest to some:

Shakin_Steve

I'm guessing, by the lack of responses, that this was already common knowledge.

slicence

Yeah I saw this too. However, I've not activated my card as I'm mostly using it to clear an old amount. I find the high monthly minimum payment useful for this. I'd rather just clear as much as I can, and use my new 0% spending for spending amount

[Deleted User]

It’s well known as the promo balance and purchase balance are in different “pots” when it comes to payments and interest

slicence

I was surprised that they were making a big deal about it too

jonesMUFCforever

I must be honest I was not aware of this - I have the cashback Barclaycard. I only use it for day to day purchases and never thought of getting a balance transfer on it - might be worth considering for the future as their fees are competitive.

Shakin_Steve

jonesMUFCforever wrote: »

I must be honest I was not aware of this - I have the cashback Barclaycard. I only use it for day to day purchases and never thought of getting a balance transfer on it - might be worth considering for the future as their fees are competitive.

2 years at 0% with a fee of 1.9% is the offer on my card at the moment.

Vortigern

Shakin_Steve wrote: »

I'm guessing, by the lack of responses, that this was already common knowledge.

Perhaps it's a targeted offer, only available to those who received the email?

I have a BC, paying down a balance transfer at 0%. I have not had this offer - and I'm not really bothered as I have other cards for spending.

Dobbibill

I wasn't aware of this either but it seems it is on their website too.

https://www.barclaycard.co.uk/personal/credit-cards/your-interest-rates-and-balances?WT.ac=A09D14&ref=hero-banner-p2-ecm

chattychappy

I've had a couple of cards where this is the case, but I didn't know Barclaycard had joined the club.

I think it's like the negative hierarchy - something that is a little smelly so is removed, under regulatory pressure to act fairly or otherwise.

I predict the next thing to change will be the business of losing a promo offer when you miss a payment.

binaryuniverse

Not seeing much to get excited about tbh. You still have to pay whatever purchases you have made, when the next statement payment is due, else you will then get interest charged. I'll carry on using a separate card for purchases, and avoid any confusion.