Barclaycard Flexi-Rate Card
The Flexi-Rate from Barclaycard is a unique new kind of credit card which rewards you for repaying more than the minimum payment each month.
If you only make the minimum payment amount of 2.25% of your balance, you'll pay the standard interest rate of 14.9% typical APR (variable) but if you've got a bit of extra cash, you can reduce your interest bill for the next month by paying a little more.
Pay 5% of your balance and you'll get a lower rate of 12.9%, and if you can stretch to paying 10% of your balance, the rate will drop to 9.9%.
This new card also features a balance transfer offer of 0% fixed for 14 months on transfers of £5,000 or less (the rate rises to 6.9% for larger transfers). No handling fee for balances transferred in the first 60 days.
As with all cards from Barclays, there's no annual fee, you can manage your account online or by telephone, and you can choose to receive payment reminders by text 5 days before the payment date.
Flexi-Rate Summary
- Unique way of reducing your interest bills by paying more than the minimum repayment
- Standard rate of 14.9% typical APR (variable)
- Rates as low as 9.9% depending on how much you repay
- Balance transfer deal : 0% for 14 months on transfers of £5,000 or less
- No transfer handling fee
- No annual or monthly fee
- Optional text alerts 5 days before payment is due, helping you to avoid accidental late payment charges
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Other Barclays Products: Platinum, Business, Initial, Simplicity, Home Insurance, Car Insurance, Regular Saver, Student |
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