23 March 2005
Barclaycard, one of the leading global credit card suppliers, has today confirmed that it will be launching its highly anticipated Combinations product later this week.
The innovative new service offers customers the opportunity to pay off credit card bills through the quarterly moving of their balance into a loan 'pot' with a lower interest rate and the possibility of a fixed repayment.
The associated benefits of the platinum card all come as standard with this new brand including identity protection, purchase delivery, and emergency card replacement.
Keith Coulter, managing director for Barclaycard cards and loans, commented: "This is a new idea which we believe offers a fair deal, encourages responsible borrowing and addresses some of the criticisms that have been levelled at the credit card market.
"Response from customers during research has been very positive but ultimately, of course, they will decide what's right for them by choosing to apply or not."
Analysts have suggested that if successful, Barclaycard Combinations could herald the start of a major shake up in the credit card industry as rival providers seek to launch their own individual novel projects.
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