Barclaycard to make a BIG change to credit card fees for millions of customers BARCLAYCARD is making a big change to credit card fees for millions of customers after the Bank of England cut interest rates yesterday.
Credit card customers can put an end to paying interest for up to 32 months for a small processing fee of between 2-4% by shifting their debt to a balance transfer card.
If you can't afford to pay more than the minimum balance but want to avoid the added costs of interest, it could be worth shifting your debt to a balance transfer credit card.
You should always use an eligibility calculator before applying for a balance transfer card because every credit card application leaves a mark on your credit file and can affect your credit score.
This means all credit card customers will soon benefit from a 0.25% reduction in their purchase interest rates, as well as the repayment rates applied to cash withdrawals.
