Lending provider Barclaycard has lowered the interest rates on its Premiership and Charity packages but says interest-free periods for credit card balance transfers will be maintained.

Currently, the Barclaycard Premiership offers a 12-month interest-free period on credit card balance transfers, while Barclaycard Charity has a six-month deal on balance transfers and new purchases.

Interest rates on both cards have been lowered from 17.9 per cent to a typical 14.9 per cent APR with immediate effect.

Amer Sajed, managing director of UK cards, said: "Were committed to offering our customers value for money."

"These new lower rates mean customers can get an even better deal if theyre looking for a football credit card or a charity credit card," he added.

Meanwhile, the cards still provide their respective bonuses such as interest-free deals on season tickets and 0.3 per cent of purchases to be donated to charity.

Barclays Bank this week launched its Re-Leaf appeal which aims to collect unwanted mobile phones, with a donation of £2.50 to the Woodland Trust for each phone it receives.

Important Notice
This guide is intended for general information only and is not intended as, and does not constitute, any form of advice, recommendation or endorsement by us of any particular product(s) or services and you should rely on your own further research and professional advice in relation to your specific requirements and circumstances before purchasing any products or services. Use of this guide is subject to the Terms of Use of the KnowYourMoney site.