“Barclaycard for Openplan” offers up to 86 days interest-free credit on every purchase as a permanent feature of the card. With this guaranteed interest-free period, customers can keep money in their current or savings account longer and offset their mortgage or maximise savings in the process.

“Many people already use credit cards to maximise offset benefits,” comments Sue Sjuve, Director of Openplan. “Barclaycard for Openplan is designed to help people make their money work even harder. It has double the interest-free period of some credit cards, allowing customers the freedom to spend while keeping funds working in their current or saving accounts longer.”

Based on a £100,000, 25 year mortgage, an Openplan customer putting £250 of weekly spending on the card could save up to £4,400 on their mortgage payments and cut the loan term by over a year.

To help customers keep a track of their finances, “Barclaycard for Openplan” statements will clearly show the monthly payment required to avoid paying interest.

Other card features:

• Barclaycard Price Promise: Find any item purchased on the card cheaper elsewhere and Barclaycard will refund the difference
• Barclaycard Extended Warranty: free 12 months Extended Warranty over and above the manufacturer’s terms
• Nectar Points: earn 1 Nectar point for every £2 spent everywhere
• Barclaycard Purchase Protection: goods are protected against accidental damage and theft for 60 days after purchase

Barclaycard for Openplan is only available to new Barclaycard customers with any Openplan arrangement. The offer is available through Barclays Branches.

Notes to editors:

About Barclaycard

Barclaycard is Europe’s leading issuer of credit cards with 10.4 million customers and 12 million cards in circulation worldwide. In the UK, Barclaycard has over 9 million customers. One in five UK credit cards is a Barclaycard. Barclaycard can be used to pay for goods and services in more than 22 million places in over 200 countries and to withdraw cash from over 600,000 ATMs and banks worldwide.

Barclaycard was set up in 1966 and was the UK’s first credit card. Barclaycard was the first and is the UK’s leading card services provider on the Internet. More than 1million customers regularly use Barclaycard’s online account services.

About Openplan

Openplan from Barclays and The Woolwich is an integrated banking service that links a customer's current account, savings and mortgage. Customers are able to, automatically sweep money to earn a higher rate of interest, avoid overdraft charges, offset credit balances against their mortgage repayments and borrow money at mortgage rates. Potentially customers can take years off their mortgage repayment term or reduce their monthly repayments.