Three new Barclaycards unleashed

August 13, 2007

Barclaycard has unleashed three new credit cards in its Platinum range. The reason behind the introduction of three new cards is to offer more choice to the consumer. Each card will offer just over a 14% interest rate and they all have their own unique benefits.

Firstly you have the Platinum Barclaycard cash back option. Obviously this is designed to give you cash back and it gives you cash back on petrol as well as all other types of purchases. With petrol you get 2% cash back and with everything else you get 0.5%. Another benefit which many people are likely to take advantage of is the 0% balance transfer offer for 12 months.

The second card is the Barclaycard Platinum Balance Transfer card. This one is quite basic in the fact that it allows you to have a 0% balance transfer rate for 12 months as with the cash back card and it gives you 0% on purchases for 3 months. Now this is the same deal as what many other credit cards offer out there and so it may not be as popular as the cash back credit card option.

Finally the third option open to you is the Platinum Barclaycard long term balance transfer option. This is slightly different to the other balance transfer deal as it only offers a 0% interest rate on balance transfers for the first 60 days. After that there is a 5.9% interest each month until the transfer has been paid off. However, the 0% interest deal on purchases has been extended from 3 months to 10 months and so that will appeal to many people.

Overall these three new cards are said to fit most people’s needs. Each person uses their credit card in a different way and so it is impossible to tell which cards will be more popular than others.