Barclays Bank offers its customers a wide range of credit card options. Whether you’re looking for a rewards card, a balance transfer card, or a credit card, Barclays has a solution that can meet your needs.
In this article, we will take a closer look at the different credit cards offered by Barclays Bank, including their features, benefits, and drawback. By the end of this article, you’ll better understand which Barclays Bank credit card is the best fit for you and your financial goals.
- About Barclays Bank
- Barclaycard 22-Month Balance Transfer and up to 24-Month Purchase Platinum Card
- Barclaycard Rewards Credit Card
- Barclaycard Forward (Credit Building) Card
- Who Can Apply for a Barclays Credit Card
About Barclays Bank
Barclays is a leading British multinational universal bank with its headquarters in London. The bank is divided into three main divisions: Barclays UK, Barclays International, and Barclays Execution services, a service company.
For over 300 years, Barclays has been helping customers achieve their financial goals by providing them with state-of-the-art technology. The bank was the first to introduce the Barclaycard. This credit card revolutionized the UK market more than 50 years ago.
The history of Barclay dates back to 1690 when James Barclay joined the company as a partner. In 1896, several banks in London and other parts of England, such as Goslings Bank, Backhouse’s Bank, and Gurney’s Bank, merged to form Barclay and Co., a joint-stock bank.
Over the next few decades, Barclays continued to expand and became a bank with branches throughout the country. In 1967, the bank introduced the first cash dispenser machine.
What Are the Various Barclays Bank Credit Cards?
Barclays bank now offers a variety of credit card options to meet the diverse needs of its customers. These are the four types of credit cards.
- Rewards,
- Purchase Offers,
- Credit Building,
- Balance Transfers.
Barclaycard 22-Month Balance Transfer and up to 24-Month Purchase Platinum Card
The Barclay card credit card is infamous for its 0% interest on purchases for up to 24 months from when your account is opened. You can buy today and pay it off over the next two years without incurring interest. It should be noted, however, that his offer excludes foreign currencies and some cash-like transactions; limitations apply.
This promotion is only available to new customers. Furthermore, this card offers 0% interest on balance transfers for up to 22 months from when your account is opened. Balance transfers must be made within 60 days of creating the account to qualify for this offer. There is, however, a 2.9% transfer fee.
Remember that the 22-month balance transfer and 24-month purchase offer periods begin on the account’s creation date. If you don’t take it out for 60 days, you’ll lose two months of the 0% rate.
Barclaycard Platinum 18 Month 0% Purchase Card
The 18 Month 0% Barclaycard Platinum Interest Purchase and Balance Transfer Card combines two primary benefits: 0% interest on purchase for 18 months and 0% interest on balance transfers for 18 months. Customers will not pay interest on purchases or balance transfers done for the next 18 months, making it easier for them to pay down their balance over time.
However, there is a fee of 1.9% for balance transfers, so individuals who want to keep their expenditures low should look for a card that enables free transfers. In addition, the card carries a 20.9% APR, a 1.593% monthly rate, and a 19.12% annual interest rate for purchases. The card also has a monthly cash withdrawal rate of 2.071% and a yearly rate of 24.85%.
The card offers a 0% introductory rate on balance transfers for the first 18 months, a monthly interest rate of 1.593%, and an annual rate of 19.12%. Additionally, there is a 2.99% minimum £2.99 cash transactions fee on sterling and non-sterling cash transactions; however, this card has no annual cost.
Barclaycard Rewards Credit Card
Barclaycard Rewards credit card stands out in a competitive market due to its generous cashback rewards on all purchases, no foreign transaction fees or international spending, and no annual fee.
This credit card is designed for individuals looking for a simple cashback card without the added cost of an annual fee. It is also suitable for individuals willing to forgo additional features with other point-earning cards that charge a yearly fee.
With a representative APR of 25.9% (variable), the Barclaycard Rewards card allows you to earn cash back on everyday purchases. However, it is important to note that balance transfers, cash withdrawals, currency purchases, and other cash-like transactions like money orders or wire transfers do not earn cashback.
The card offers 0.25% cash back on purchases. For example, if you used the card to spend £1,000 every month for a year, you would earn £30 in cash back. This money will be credited to your account annually or upon request.
What Are the Benefits of the Barclay Rewards Credit Card?
With this card, you can earn rewards and cash back on every purchase. Additionally, you will not be charged international transaction fees on your purchases or withdrawals from ATMs when you travel abroad. This card is powered by Visa, allowing you to make purchases without additional costs.
Another great feature of this card is that you can avoid foreign exchange fees by always paying in the local currency when making purchases in their countries.
Barclays prioritizes fraud protection for all Barclaycard Regard cardholders. The bank has a robust detection system that monitors your account around the clock. You will receive a text message or phone call within 60 seconds if any suspicious activity is detected. This monitoring system protects you from Fraud, identity theft, and other unauthorized transactions.
Barclaycard Forward (Credit Building) Card
The Barclaycard Forward credit card could be a good choice for people who want their first credit card or need more credit history. The card has a unique feature that lower customers’ interest rates over time if they take care of their accounts well.
The card has a personalized credit limit of £50 to £1200 and a price promise: if you make all your payments on time and don’t exceed your credit limit in the first year, your interest rate will go down by 3%. If you continue to take care of your account well in the second year, your interest will go down by another 2%.
Barclaycard Forward also has a special perk like Barclaycard Entertainment, which lets you save 5% on the ticket to over 3,500 concerts, comedy shows, and family events every year. The card has an average annual percentage rate of 33.9% and an introductory rate of 0% on purchases for three months.
For purchases, cash withdrawals, and balance transfers, the monthly interest rate is 2.462%, and the annual interest rate is 29.54%. This card has no annual fee and a non-sterling purchase fee of 2.99% of the purchase amount, with no minimum.
What Is Barclays Bank Contact Information?
If you require additional information, contact the bank by calling customer service at 0800 056 3486. Additionally, you can visit the bank’s registered office at 1 Churchill Place London E14 5HP or any of their branches for more assistance.
Who Can Apply for a Barclays Credit Card?
To be eligible for a Barclays Bank Credit card, applicants must be at least 21 years old and have a minimum annual income of £20,000. It is reported that individuals who make less than £20,000 per year are less likely to be approved for a credit card.
Additionally, candidates must have a history of managing credit cards for at least two years, have lived in the UK for at least four years, have a stable job, and cannot have filed for bankruptcy in the past six years.
A high credit score also increases the likelihood of being approved for a Barclaycard credit card. If you are interested in applying, you can check your eligibility on the bank’s website using the Barclaycard eligibility checker. This tool will save you time by letting you know if you meet the requirements and are eligible for the offer without affecting your credit score.
How Can You Apply for a Barclays Credit Card?
To apply for a Barclays Bank credit card, individuals can visit the Barclays website and fill out an online application form. The form requires applicants to provide personal information such as their name, address, phone number, email address, place of work, and income.
Additionally, applicants must provide their bank information, account number, and sort code. It’s important to note that the credit limit granted to applicants is based on their creditworthiness and is determined by the bank after the application is reviewed.
The minimum credit limit that can be granted is £50. If the application is accepted, the bank will notify the applicant of the credit limit that has been approved for them.
Conclusion
Finally, Barclays Bank provides several credit card solutions to fulfill the different needs of its consumers. If you want to earn rewards, transfer balances, build credit, or avoid foreign transaction costs, Barclays has a card for you.
Disclaimer: All credit products carry risk. Be aware of these risks by reading the associated terms and conditions.