Consumers could consolidate debt with Barclaycard product, says Confused.com

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www.moneynews.co.uk > Credit cards > Consumers could consolidate debt with Barclaycard product, says Confused.com

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Consumers could consolidate debt with Barclaycard product, says Confused.com

An extended promotional period on the Barclaycard Platinum credit card could be well received by consumers looking to transfer balances across to a new account.

This is the view of Confused.com credit card manager Chris Griffiths, who made his comments after Barclaycard announced that it is offering Platinum customers 16 months interest free.

He suggested that people could save a significant sum of money on interest charges by moving balances across to this product.

"By increasing the balance transfer introductory period to zero per cent for 16 months, Barclaycard's Platinum moves to joint top of the best buy charts, pulling alongside the Platinum offering from NatWest and RBS," added Mr Griffiths.

The Confused.com spokesperson urged people to stay within their credit limit if they sign up for the credit card, as they may otherwise lose their interest-free period.

Financial services provider Smile recently topped a Which? survey regarding customer satisfaction with credit cards, although first direct finished ahead of the organisation for its overall operations.

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