The Barclaycard Rewards credit card is a rather interesting option for those who wish to have a straightforward cashback reward program. As a card that offers points without the need of following certain steps or complicated point systems, this card aims at giving the customer convenience and financial gain.
This article will discuss the basic information, benefits as well as how to get the Barclaycard Rewards credit card. At the end of this article, you will be in a position to comprehend the reason as to why this card could be suitable for you.
Key information about the credit card
How does the annual fee work?
The Major highlights of the Barclaycard Rewards credit card include the fact that it does not charge an annual fee, a feature that is becoming almost scarce in today’s world of credit cards. This is important because it enables the card owners to get cashback and other rewards and privileged without being charged an annual fee.
How is the credit limit determined?
The credit limit of the Barclaycard Rewards card is arrived at after a detailed credit check on the application. This implies that the factors that make up one’s income, current debt balance and credit standing are critical in determining whether one will be offered the loan or not.
Advantages of the credit card
- 0. 25% cashback on everyday spending: This steady cashback rate works for all the purchases made by the consumers implying that they will be compensated at all times.
- No fees for international transactions: When you are making withdrawals at ATMs in another country or transacting with your card, there are no extra fees to be paid since Visa offers good exchange rates.
- Access to Barclaycard Entertainment: Get special access to live-streaming of events, festivals and other special privileges to make your enjoyment even better.
- Fraud protection 24/7: In the utilization of the most advanced technologies, your transactions are being protected round the clock against fraudulent activities.
- Free additional cardholder: You can also give your card to someone you trust for backup in case of an emergency or for day to day shopping.
Standout advantage
The Barclaycard Rewards credit card has two significant features that make it very useful: cashback and no foreign transaction fees. This feature is very useful for those who travel a lot and for those who buy products from international online stores.
Disadvantages
- High APR: The Representative APR of this card is 28. 9% is quite a high rate, which is why if the total amount is not cleared every month, then interest charges can accumulate.
- Limited cashback rate: In this case the 0. 25% cashback is good, but it is not the best compared to other cards since some have higher cash back on certain spending categories.
- Stringent eligibility criteria: The necessities for the application might be quite strict for people with poor credit standing or those with low income.
A standout disadvantage
The APR of this card is quite high at 28. The Barclaycard Rewards credit card is not without its weaknesses and one of them is the 9% fee. This rate results in high interest charges that the card holder is likely to incur if he or she fails to clear the whole balance on the card before the due date.
Who can apply for this card?
Barclaycard Rewards credit card is one of the popular cards and before applying for it, there are certain requirements that have to be met. First of all, they should be no younger than 21 and have a personal annual income of not less than £20,000.
Also, the applicants must have a permanent address in the UK for at least two years; besides, the applicant must have experience in managing credit for at least four years. This card is not extendable to anyone who has ever been involved in any Individual Voluntary Agreements, County Court Judgments or bankruptcies in the last six years.
How to apply for the Barclaycard Rewards Card
For the website
To apply for the Barclaycard Rewards card online the first step is to go to the Barclaycard website and look for the credit card tab. Below you can also see such card as Barclaycard Rewards card among other cards. You will be redirected to the application link and you will be required to fill out your personal details, address history of the past two years, employment history, and income details.
You will need to be prepared with your main bank account sort code and account number, and know your monthly expenditures. The application process is simple and can be done via the internet; the website will lead you through the process step by step. Once through, you will get a response within one minute. If the application is accepted, your Barclaycard Rewards card will be dispatched to you within seven working days.
Through the app
Barclaycard mobile application is another platform that one can use to apply for the credit card easily. Go to the App Store or Google Play and download the app; then, sign in or register for an account. After logging in to the bank, go to the credit card options and choose the Barclaycard Rewards card. The app will then ask the user to fill in their and financial information just as one would when applying online.
It has been made very easy to use the app and fill the application, that is why the app has a simplified interface. Once you apply for the job, you will get a reply within no time. If the application is granted, your card will be mailed to you within seven working days just as in the case of online application.
At the branch
If you want to get the card with a more individual contact, you can fill in the application for the Barclaycard Rewards card at any branch of Barclaycard. Go to the nearest branch of the financial institution and talk to the officer who will assist you in the process of application. You will have to fill in the same details as you would in the online and app applications, this includes personal information, address details, employment history and income details.
The branch representative is also there to help you with any questions that you may have and to make sure that all of the needed information is filled out properly. As soon as you apply for the card, you get a response within one minute and if the application is accepted, you will be issued with the card within seven working days.
