With all the unexpected bills that can arise anytime, a dependable credit card is a must in today’s society. A Barclays credit card may be helpful for people searching for a card that will suit their lifestyle and needs.
It should be no surprise that Barclays Bank provides a diverse selection of credit products compatible with its mission, one of which is the Barclaycards Rewards credit card. This credit card is a simple no-annual-fee reward credit card.Â
Learn more about the Barclaycards Rewards credit card’s perks, benefits, and features. Check out how to apply online for a Barclaycards Rewards credit card.
- What Are the Barclays Credit Cards?
- Features of the Barclaycard Rewards Credit Card
- What Are the Benefits of the Card?
- Fees and Charges of the Barclaycard Rewards Credit Card
- What Are the Eligibility Criteria?
- How to Apply for the Barclaycard Rewards Credit Card Online
What Are the Barclays Credit Cards?
Barclays is a multinational British universal bank headquartered in London. Barclays has two divisions: Barclays UK and Barclays International, and a service company named Barclays Execution Services.
Since 1690 in London, Barclays has been assisting people in achieving their financial goals by delivering industry-leading technologies. Barclaycard, a credit card that shook the UK over 50 years ago, was the first to serve customers.
Credit cards are now available from the bank in four varieties: Rewards, Purchase Offers, Credit Building, and Balance Transfer. Barclays Points credit cards are designed to let consumers earn rewards for everyday spending, which can then be used to purchase flights, hotels, and other items.
Meanwhile, Purchase Offer credit cards are designed for people who want to purchase without paying interest on the balance for a set time. The Credit Building credit card is designed to help people improve their credit scores. Finally, Balance Transfer credit cards enable holders to consolidate their debts into a single card.
What Is the Barclaycard Rewards Credit Card?Â
The Rewards credit card from Barclaycard is a solid challenger in a competitive market, offering a regular supply of cashback on everything you buy, cost-effective international spending, and no annual fee.
The Barclaycard Rewards credit card is aimed at consumers who want a simple cashback card with no annual fee. It is also for individuals who do not mind foregoing some of the extra features offered by other cards that earn points but also charge yearly fees.
With the Barclaycard Rewards card, you may earn cashback on your ordinary purchases, with a Representative APR of 23.9% (variable). You will receive cashback on new purchases. Balance transfers, cash withdrawals, currency purchases, and other cash-like activities like money orders or wire transfers will not earn you cashback.
Features of the Barclaycard Rewards Credit Card
As the name suggests, the Barclaycard Rewards credit card is primarily a rewards card that offers 0.25% cashback when used to shop. If you spent £1,000 on the card each month for a year, you would get £30 in cashback. This money will be credited to your account yearly or at your request.
The card also offers Barclaycard Entertainment perks that give access to savings and discounts on some live events, and new users will receive a welcome gift of four free Apple subscriptions for up to five months.
This product does not have many features as a no-annual-fee cashback card, but the main benefit is the lack of foreign transaction costs. Before applying for a Barclaycard Rewards credit card, you need to know that there are no introductory offers or welcome bonuses.Â
The Barclaycard Rewards credit card is straightforward with its features and perks. There are no other additional bonuses, making it a simple option for those who just want a credit card for everyday purchases.Â
What Are the Other Features of the Barclaycard Rewards Credit Card?
The card is also entitled to purchase protections feature, including reimbursements for purchases of more than £100 if a refund from the store cannot be obtained. There is also an automatic 5% cashback on Barclaycard Entertainment events and presales such as The 1975, Simply Red, Russell Howard, and The Script.
In addition, you are eligible to receive a discount of 5% on tickets to a variety of concerts and entertainment sectors when you use the Barclaycard Rewards credit card. A refund of 10% on tickets purchased during the presale of festival events will also be given.
What Are the Benefits of the Card?
In addition to earning rewards and cashback, you will not be charged any international transaction fees when traveling abroad. This Visa-powered solution allows you to make ATM withdrawals or purchases without additional fees.
The nicest aspect of this card is that there are no international transaction fees when you use it for foreign purchases—and you will still get rewards on them. To avoid the FX fees on this card, you must always use the local currency payment option, which you should generally do.
Fraud protection is also a top priority of the bank, ensuring that all Barclaycard Reward credit cardholders will be protected with its best security. Thus, you can count on Barclays detection system monitors to provide you with 24-hour monitoring no matter where you are.Â
The bank monitors your account around the clock and will SMS or phone you within 60 seconds if they see any questionable activity. This monitoring system will help you avoid fraud, identity theft, and other unauthorized transactions.
What Is the Interest-Free Period of the Barclaycard Rewards Credit Card?Â
You are given a maximum of 56 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.Â
However, you need to pay your main balance (not including any promotional balances with 0% interest) and any monthly installment plan payments (if you have any) in full and on time each month to enjoy this interest-free period.Â
Your primary balance is the difference between your current statement balance and any installment plan balance.
Fees and Charges of the Barclaycard Rewards Credit Card
Given that the Barclaycard Rewards credit card does not offer many perks and rewards, potential users can assess if the card is worth it through its fees and charges. Check the fees and charges set by the bank for the Barclaycard Rewards credit card.Â
- 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
True to its claim, the Barclaycard Rewards credit card has a low-interest rate ideal for everyday purchases and usage.Â
What Is the Minimum Repayment Requirement for the Barclaycard Rewards Credit Card?Â
The highest of the following is your minimum payment: £5 (or the entire amount owed if less than £5) and 3.25% of your principal balance, plus any monthly installment plan payments due that month. This rate is only applicable if you have any installment plans on your Barclaycard Rewards credit card account.
Moreover, any interest, default costs, or account maintenance fees applied to your account since your last statement must be paid monthly accordingly. Remember that clearing your balance will take longer and cost you more money if you merely make the minimum payment each month
What Are the Eligibility Criteria?
Applicants for this credit card from Barclays need to be at least 21 years old and have a personal income greater than £20,000 per year to be considered. According to reports, those with less than £20,000 income per year are most likely to be denied.
You must also have at least two years of managing credit and a permanent address in the United Kingdom for a minimum of four years. In addition, the candidate needs to have a secure job and cannot have filed for bankruptcy in the previous six years.Â
It is also ideal if the applicants have a great credit score and a higher chance of approval for the Barclaycard Rewards credit card.
What Is the Eligibility Checker for the Barclaycard Rewards Credit Card?Â
Those interested in applying for a Barclaycard Rewards credit card should visit the bank’s website, where they can check their eligibility. You can use Barclaycard’s eligibility checker to determine your eligibility for the offer.
This eligibility checker will help you save time because it will advise if you should not apply yet as you failed to meet the eligibility criteria. This eligibility checker will not affect your credit score as it will only assess if there is a possibility of getting approved for the Barclaycard Rewards credit card.
How Do You Apply for the Barclaycard Rewards Credit Card Online?Â
To apply for a Barclaycard Rewards Card online, go to the Barclays website and fill out the application form. Applicants must supply personal information such as their name, contact information, email address, residence, employment information, and income details.
Individuals must also enter their bank information, such as account number and sort code, through the online application.Â
If your application is approved, you will be given a credit limit specified by the bank. Your creditworthiness determines this limit, wherein the minimum credit limit is set at £50.
What Are the Contact Details of Barclays Bank?
You can call the bank at this number if you need additional information: 0800 056 3486. You are welcome to stop by the bank at their registered office, which is located at 1 Churchill Place, London E14 5HP.
Conclusion
The Barclaycard Rewards credit card is perfect for individuals who want to enjoy a card with low-interest rates for their daily purchases. The Barclaycard Rewards credit cardholders can also enjoy other perks, such as discounts on Barclaycard Entertainment.
Note: There are risks when applying for and using a credit card. For more information, please see the bank’s Terms and Conditions page for the Barclaycard Rewards credit card.
