Barclaycard’s Rewards credit card is a strong competitor in a crowded market because it gives you cashback on everything you buy, lets you spend abroad without paying a lot of fees, and has no annual fee.
If you are a resident of the United Kingdom and want purchasing freedom and flexibility without surprise fees, the Barclay’s Barclaycard Rewards card is a great option.
Find out more about the features and perks of the Barclaycards Rewards credit card. Find out how you can apply for a Barclaycards Rewards credit card online today.
- What Is Barclays Bank?
- What Are the Features of the Barclaycard Rewards Card?
- What Are the Pros of the Barclaycard Rewards Card?
- What Are the Fees for the Barclaycard Rewards Card?
- What Are the Eligibility Requirements for the Barclaycard Rewards Card?
- What Is the Application Process for the Barclaycard Rewards Card?
What Is Barclays Bank?
Barclays is a British multinational universal bank with its main office in London. Barclays is split into three parts: Barclays UK, Barclays International, and Barclays Execution Services, a service company.
Since 1690 in London, Barclays has helped people reach their financial goals by giving them the best technology in the business. Barclaycard, a credit card that shook up the UK more than 50 years ago, was the first to serve customers.
In 1736, James Barclay joined the business 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, joined to form Barclays and Co., a joint-stock bank.
Over the next few decades, Barclays grew and became a bank with branches throughout the country. In 1967, Barclays introduced the first cash dispenser machine. Barclays has acquired many companies, including London, Provincial, and South Western Bank, British Linen Bank, Mercantile Credit Woolwich, and the North American operations of Lehman Brothers.
What Are the Different Barclays Credit Cards?
The Barclays bank now offers four types of credit cards: Rewards, Purchase Offer, Credit Building, and Balance Transfer. Barclays Points credit cards are made so that people can get rewards for spending money every day.
These rewards can then be used to buy flights, hotels, and other things. Barclays Purchase Offer credit cards, on the other hand, are made for people who want to buy something but don’t want to pay interest on the balance for a certain amount of time.
The goal of the Credit Building credit card is to help people raise their credit scores. Lastly, Balance Transfer credit cards let people put all their debts on one card.
What Are the Features of the Barclaycard Rewards Card?
The Barclaycard Rewards credit card is for people who want a simple cash-back card with no annual fee. It’s also for people who don’t mind giving up some of the extra features that come with other cards that earn points but who charge an annual fee in return.
With a Representative APR of 23.9% (variable), the Barclaycard Rewards card lets you get cashback on everyday purchases. However, balance transfers, cash withdrawals, currency purchases, and other cash-like actions like money orders or wire transfers will not earn you cashback.
The Barclaycard Rewards card gives 0.25 % cashback when used to shop. So, if you used the card to spend £1,000 every month for a year, you would get £30 back. This money will be put in your account every year or when you request it.
This product doesn’t have as many features as other popular cashback cards, but the main benefit is that there are no fees for transactions made outside the country. There are no welcome bonuses or introductory offers.
What Are the Other Features of the Barclaycard Rewards Card?
The features and perks of the Barclaycard Rewards credit card are easy to understand.
When you use your Barclaycard to purchase tickets through Barclaycard Entertainment you save 5% on selected events. There will also be a 10% refund on tickets bought for festival events before they go on sale.
New cardholders will also get four free Apple subscriptions for up to five months as a welcome gift.
What Are the Pros of the Barclaycard Rewards Card?
There are other advantages of the Barclaycard Rewards credit card besides earning rewards and cashback. With this Visa-powered solution, you can make purchases or withdrawals from an ATM without paying extra fees.
There are also no international transaction fees when you use it to buy things when traveling around Europe, in the USA, or in other foreign countries. You will also still get rewards on those purchases. To avoid foreign exchange fees on this card, you must always use the option to pay in the local currency.
Fraud protection is also a top priority for the bank so that all Barclaycard Reward cardholders will have the best security. You can count on the Barclays detection system to keep an eye on your account around the clock.
The bank will send you a text message or call you within 60 seconds if they notice anything strange. This monitoring system will keep you from being a victim of fraud, identity theft, or other illegal and unauthorized transactions.
Is There an Interest-Free Period for the Barclaycard Rewards Card?
You are given a maximum of 56 interest-free days from the date of any new transaction or purchase, including balance and money transfers on a promotional rate that has been added to your account since your last statement.
However, you need to pay your main balance, which does not include any promotional balances with 0% interest. Take care of any monthly installment plan payments, if you have any. You must pay them in full and on time each month to enjoy this interest-free period.
Your primary balance is the difference between your current statement balance and any installment plan balance.
What Are the Fees for the Barclaycard Rewards Card?
Below are the fees and charges for the Barclaycard Rewards credit card. It is important to consider these when deciding if the credit card is the right option for you.
- Annual Fee – £0
- Annual Percentage Rate (APR) – 23.9% variable
- Cash Withdrawals Rate – 23.9% variable
- Balance Transfer Interest Rate – 23.9% variable
- Cash Transaction Fee – 0.00% (£0.00 minimum) fee on sterling and non-sterling cash transactions
- Foreign Purchase Transaction Fee – $0
- Late Payment – up to £12
- Over Credit Limit – £0
- Returned Payment – £0
The interest rate on the Barclaycard Rewards credit card is low, making it a good choice for everyday purchases and use.
Is There a Minimum Repayment Requirement for the Barclaycard Rewards Card?
Your minimum payment is the highest amount between £5 (or the whole amount owed if it’s less than £5) and 3.25% of your principal balance, plus any monthly installment plan payments due that month. This rate only applies if you have a payment plan on your Barclaycard Rewards account.
Any interest, late fees, or account maintenance fees added to your account since your last statement must be paid monthly. Remember that if you only pay the minimum each month, it will take longer and cost you more money to pay off your balance.
What Are the Eligibility Requirements for the Barclaycard Rewards Card?
For this credit card from Barclays, you need to be at least 21 years old and make more than £20,000 per year. People who make less than £20,000 a year are most likely to be turned down.
You must also have managed credit for at least two years and have lived in the UK for at least four years. The candidate must also have a stable job and cannot have filed for bankruptcy in the past six years.
It would also be great if applicants for the Barclaycard Rewards credit card had a high credit score, making it more likely to be approved.
Is There an Eligibility Checker Tool for Barclaycards?
If you want to apply for a Barclaycard Rewards credit card, you should check your eligibility on the bank’s website. Using Barclaycard’s eligibility checker, you can find out if you are eligible for the offer.
This eligibility checker will save you time because it will tell you if you don’t meet the requirements yet and shouldn’t apply.
The eligibility checker won’t hurt your credit score because all it does is see if you might be able to get the Barclaycard Rewards credit card.
What Is the Application Process for the Barclaycard Rewards Card?
Go to the Barclays website and fill out the application form to apply for a Barclaycard Rewards card online. Applicants must give information about themselves, such as their name, address, phone number, email address, place of work, and income.
People must also put their bank information, such as their account number and sort code, through the online application.
If your application is accepted, the bank will tell you how much money you can borrow. This limit is based on how good your credit is, and the minimum credit limit is set at £50.
How Can You Contact the Barclays Bank?
If you need more information, you can call the bank at 0800 056 3486. You can visit the bank at 1 Churchill Place, London E14 5HP, where their registered office is. It is also possible to meet with a client representative any of the Barclays bank branches.
The Barclaycard Rewards card is excellent for people who want to buy things daily with a card with low-interest rates. Credit card holders with a Barclaycard Rewards card can also get other benefits, like discounts on Barclaycard Entertainment.
Note: There are risks when applying for and using a credit card. Please see the bank’s Terms and Conditions page for the Barclaycard Rewards card for more information.