The Barclaycard FlexiRate is a brand new card with a brand new way of deciding your interest rate: pay more each month to get a better rate.
Pay the minimum 2.25% and you be charged the standard interest rate of 14.9% typical APR, but if you can afford to pay more the rate will drop to as low as 9.9%.
The card also features a balance transfer offer of 0% for 14 months with no transfer handling fee, and you can opt to receive free payment reminders by SMS text 5 days before your payment becomes due.
Flexi-Rate Card Details
|Standard Rate:||14.9% Representative APR (variable)|
|Balance Transfer Deal?||0% APR for 14 months (2.5% transfer fee applies)|
|Purchases Deal?||0% APR for 3 months|
|Minimum Balance Transfer Fee:||£2.50|
|Maximum Balance Transfer Fee:||No maximum charge|
|Interest Free Period:||Maximum 56 days on purchases|
|Minimum Repayment:||The greater of 2.25% or £5|
|Minimum Credit Limit:||£250|
|Maximum Credit Limit:||Subject to status|
|Notes:||Pay more each month to get a lower interest rate|
|Representative Example:||Assumed borrowing of £1200, representative 14.9% APR (variable). Purchase rate 14.9% PA.|