Barclaycard Platinum cuts cost of borrowing with £20 off balance transfer fees until 31st January 2011 16 Dec 2010 15:56 The offer is available when you apply to transfer £3,000 or more by 31st January 2011. For example, the £20 deal would mean that a customer applying to transfer a balance of £3,000 to their new Barclaycard Platinum could see the effective handling fee cut from 2.9% to just 2.23%. New customers will also benefit from sixteen months’ 0% interest on balance transfers. Purchases for the first three months will also be interest free, the typical APR is 16.9% variable. In addition to helping customers cut the cost of borrowing, Barclaycard offers its customers the UK’s largest and simplest reward scheme. Barclaycard Freedom gives customers Reward Money on purchases at the point of sale, ending the need to work out the meaning of reward points and phasing out easy to lose cards and vouchers. The scheme is now available in 22,000 retail outlets from House of Fraser to local convenience stores.