Barclaycard launches top new low-fee 0% balance transfer credit card

The Platinum 25-Month card offers over two years with no interest to pay on balance transfers and a very low fee.

Barclaycard has launched another Platinum credit card, but this one boasts a lengthy 0% balance transfer period and a low balance transfer fee.

The Platinum 25-Month card, as the name implies, charges no interest on balance transfers for an introductory period of 25 months.

Its balance transfer fee – a percentage of the amount of debt you’re transferring onto the card – is just 1.5%, which arguably makes it the best combination of 0% period and fee out there.

There are cards with longer 0% periods, up to 30 months right now, but much higher fees, and cards with shorter interest-free periods but lower fees. However none have such a compelling combination of the two.

Keep track of your credit card spending with our free MoneyTrack budgeting tool

How it compares

Here’s how the new Barclaycard compares with the 0% balance transfer cards that have the lowest fees.

*Transfer must be minimum of £2,500

Compare low-fee balance transfer credit cards

The importance of being creditworthy

To get hold of the above cards, you’ll need a good credit rating. If yours isn’t spotless, you may well be turned down. If that’s the case, don’t keep applying, as every time you apply you’ll leave a record on your credit report, and multiple applications will be frowned upon by lenders.

If you’re paying a high interest rate, shop around and see if you can switch to a card with a lower one.

And have a read of How to repair your credit rating in 2014.

If you're in serious trouble, seek free, independent help from a debt charity. You can find out more about these in Where to get free debt advice.

Compare 0% balance transfer credit cards

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The best 0% balance transfer credit cards

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