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Barclaycard offers 0 per cent credit cards

Thu, 05 Oct 2006

Barclaycard has introduced new 0% credit cards for balance transfers.

The balance transfer cards will feature the offer for 12 months.

Furthermore, Barclaycard has lowered the rate on its Flexi-Rate credit card by 2% to 14.9%.

The new balance transfer cards are set to become available on October 9th, which the company states will save many borrowers money who are willing to switch credit card provider.

Barclaycard also claims that users of the credit card will now be twice as likely repay more than 10% of the outstanding balance each month.

Amer Sajed, managing director of Barclaycard UK Cards, commented: "We are delighted that Flexi-Rate is continuing to change the way cardholders manage their borrowing.

"It is clear from our findings that using a card in this way has a positive effect on borrowing costs."

He added that customers who wish to manage their debt more effectively will be rewarded by the reduced 0% interest rate.

Barclaycard also offers personal loans and insurance to its customers.

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