Balance Transfer from Barclaycard In 2020

We all know that we cannot pay one Barclaycard credit card with another Barclaycard credit card. However, that is possible with a credit card from a different issuer if the card offers a balance transfer option. Transferring a balance is basically the same thing as using a credit card to pay another credit card. However, that requires a new balance transfer credit card to be opened, so you won't do that every month.

Prior to requesting a balance transfer, make sure you have the account number and balance of your Barclaycard card ready. You can do a balance transfer by calling the issuer of your new credit card, or online via the account of your new credit card. Here's what to check out before you transfer:

• Many issuers give 45-60 days from the date of account opening to complete all balance transfers. If you are late with your transfer, you will not qualify for the promotional 0% APR.
• Find out the minimum and the maximum amount you can transfer. The available credit limit is not always the amount you can transfer, so check out with the issuer before you submit your balance transfer request.
• Balance transfer fee usually varies from 3% to 5% of each mount transferred, so take this into account when you will be doing calculations. This fee is often outweighed by the amount you save on interest payments.