The Barclaycard Platinum Purchase and Balance Transfer credit card stands out with a generous 0% interest rate on purchases for up to 24 months and up to 21 months for balance transfers. Most successful applicants receive a representative APR of 24.9% and a starter credit limit of £1,200. Be aware that a 3.45% fee applies to each balance transfer and actual terms may vary depending on your credit score and history.

How to Apply

First, check if you are eligible by using Barclaycard’s free eligibility checker, which won’t affect your credit score. If you qualify, prepare your personal details, employment history, and income information. Submit your application online, and approval can be quick, with your card arriving in as little as seven working days if accepted.

Top Benefits

One of the main advantages is the lengthy promotional period for both purchases and balance transfers, offering breathing space for your finances. Additionally, Barclaycard provides useful extras like Cashback Rewards, entertainment perks, fraud protection, and a simple overseas usage fee structure, making this card suitable for everyday use and travel.

Potential Drawbacks

The 3.45% fee on all balance transfers can add up, particularly for larger amounts. After the introductory period, interest rates revert to the standard variable APR, so outstanding balances may become costly if not paid off in time. Approval and promotional periods can vary based on your circumstances.

Our Verdict

The Barclaycard Platinum Purchase and Balance Transfer credit card offers excellent value for those looking to manage purchases and existing debts without interest for a significant period. While fees and eligibility criteria are worth noting, its range of customer benefits and flexibility make it a competitive choice for UK consumers seeking breathing space for their finances.