The important stuff you need to know
Is there a minimum transfer amount?
For existing customers, the minimum amount that you can transfer is £100.
If you’re applying for a Barclaycard, the minimum you can transfer is £250 across all of your balance transfers. You can request up to five balance transfers as part of your application.
Is there a maximum transfer amount?
If you’re an existing customer, this depends on your individual credit limit and what your existing balances are. Your transfer amount (excluding the fee) can’t take you above 90% of your credit limit. You’ll find your credit limit in Barclaycard online servicing and the app.
If you are applying for a Barclaycard, the maximum transfer amount varies depending on the product you choose. You can request up to five balance transfers as part of your application.
Is there a fee?
In most cases, there’s a one-off fee – it depends on your offer and your transfer amount. Details of your fee can be found in Barclaycard online servicing, on the app, or by calling us.
Are there any restrictions for balance transfers?
Yes, you can’t make a transfer to any other Barclaycard or our partner cards. You’ll need to keep making the usual payments on your other credit card until the transfer’s been made.
What are my offers?
You’ll see your offers in Barclaycard online servicing, on the app, or by calling us. Just bear in mind that they’ll only be available for a limited time – and they’ll depend on some fraud and credit checks we’ll run when you apply.
You will not earn Cashback or Freedom points on balance transfers.
How do I get my offers?
Make your transfer before your offer close date. If you ask us to make a transfer within business hours (on a weekday before 7pm, not including bank holidays), the payment will reach your bank or other lender on the next working day. If you ask us to make a transfer outside business hours, we’ll process your request on the next working day and the payment will reach your bank or other lender on the next working day after that
We’ll sometimes do extra checks on transfers. If so, things might take a bit longer. But we’ll always try to get your transfer across as soon as we can.
When will I pay interest?
If you lose your promotional rate: your offer will end early if you go over your credit limit, miss a payment or pay less than your contractual minimum monthly payments. We will then move your remaining balance to your standard balance, and charge interest on it at your simple standard rate. Your simple standard rate moves up and down in line with the Bank of England Base Rate.
When your promotional period ends: if you haven’t paid off the amount you transferred when your promotional period ends, we’ll move it to your standard balance and charge interest on it at your simple standard rate. Your simple standard rate moves up and down in line with the Bank of England Base Rate.
If you make purchases: you can buy things with your Barclaycard, but if you’ve got a balance or money transfer, you’ll be charged interest at your simple standard rate for anything new you buy. That’s because we charge interest on purchases from the day the transaction appears on your account, until you’ve paid your whole balance in full.
How do I pay my transfer off?
When you pay us, we’ll use your payment to reduce balances with the highest interest rate first. If you’ve got two promotional balances at the same rate, we’ll pay off the balance on the one that ends first.