Reviewed: Barclaycard Credit Cards | moneyfacts.co.uk

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Published: 29/11/2021

Anyone searching for the best credit cards is bound to have heard of Barclaycard. But just what’s available, and how can you benefit from one of the UK’s most well-known credit card brands? Here we take a look at everything you need to know about Barclaycard credit cards.

Barclaycard credit cards – what’s on offer?

Barclaycard has a range of credit cards available to suit a number of requirements, and it’s particularly strong in the balance transfer space. At the time of writing, it offers one of the longest interest-free balance transfer terms available – the Barclaycard Platinum 29 Month Balance Transfer Visa has a 29-month interest-free period with a 2.69% transfer fee, making it one of the best balance transfer cards on offer. Cards with shorter terms are also available, with lower fees accordingly.

 

It also operates in the purchase credit card space – the Platinum All-Rounder Visa currently offers a 22-month interest-free purchase term, the second-longest available – while its Rewards Visa excels in the cashback, reward and travel credit card sectors. The deal currently offers 0.25% cashback on all purchases and it doesn’t charge foreign usage fees either, making it ideal for travelling. Barclaycard also offers the Forward Credit Card Visa that’s specifically designed for those with a poor credit rating, with a three-month interest-free period for purchases and a standard APR of 33.9% thereafter, making it one of the best credit repair cards available.

Will I be eligible?

This depends on your personal circumstances, though it’s typically the case that borrowers who have even a slightly blemished credit history won’t be eligible for the best Platinum and Reward credit card deals, and if accepted, they may be offered a shorter interest-free term and/or a higher standard APR. They’ll also need a minimum income of £20,000 to be considered, which can be a clear downside for a lot of borrowers. The same isn’t true for the Forward Credit Card Visa, however, where income requirements are lower (£3,000) and, as it’s designed to help build your credit score, a less-than-perfect credit history shouldn’t hold you back to any extent.

 

It can of course be difficult to know whether or not you’ll be eligible before applying, which is where the Barclaycard eligibility checker comes in. You’ll have to answer a few questions about your income and personal circumstances, and you’ll be told how likely you are to be accepted – and crucially, it won’t leave a mark on your credit report.

 

Check your credit score before applying for a credit card here.

How can I apply for a Barclaycard?

The first step is to complete the eligibility checker on the Barclaycard website. From there you can fill in the online application form for your chosen card. You’ll need to provide details including your name and address, occupation, income, your monthly outgoings and what you’re intending to use the card for, and Barclaycard will run a thorough credit check to determine your eligibility (which, this time, will show up on your report, so if your credit history could do with some improvement, now’s the time to check your score and take steps to build it). You can get a decision in a matter of minutes and, if approved, your new card will be sent in the post.  

What fees do I need to be aware of?

Barclaycard credit cards don’t charge annual fees, and the Rewards Visa doesn’t charge extra for spending overseas either (though the other options do, with worldwide and European foreign usage fees currently standing at 2.99%). There are also balance transfer fees to consider if you’re going down this route, which vary depending on the card you choose but can be as high as 3.00%. Cash withdrawals are charged at 2.99% and late payments will incur a £12 fee.

How can I manage my Barclaycard?

You can easily manage your card via online banking or the Barclaycard app. You can make payments, manage your credit limit, view your PIN, take advantage of transfer offers and report your card if it’s lost or stolen, and set up payment alerts to ensure you never fall behind.

Is Barclaycard part of Barclays Bank?

Yes – Barclaycard is the credit card brand of Barclays Bank.

What else do I need to know?

Borrowers can enjoy discounts on selected live events and festivals through Barclaycard entertainment, as well as discounts on food and drink at all O2 Academy venues. The Barclaycard Cashback Rewards scheme offers up to 15% cashback at selected retailers, too.

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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