Barclaycard offers lifetime deal on credit card balance transfers

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Customers taking a new Barclaycard may benefit from a lifetime offer on their credit card balance transfers, the company has announced.

Barclaycard is currently offering a fixed interest rate of 6.9 per cent on credit card balance transfers, applicable until the transferred borrowing is paid off in full.

This can be used for credit card balance transfers of up to £5,000 or 90 per cent of the credit limit, the firm stated.

Andrew Bond of Barclaycard said: "Consumers are always looking for ways to get the most out of their credit cards, but still move ahead with their payments."

"This latest Barclaycard offer is only being made available until the end of February," he added, urging interested consumers to "act fast".

Customers taking advantage of the new deal are advised that there is no handling fee and no way that interest rates on credit card balance transfers can rise in future months.

Meanwhile, existing Barclaycard customers are invited by the company to apply for a new card on their account in order to participate in the new offer.

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