Credit cards have undeniably made our lives easier. Most of our financial transactions are now done through credit cards. Furthermore, the diverse benefits that are reaped from credit cards aid us in managing our finances better.
One of the most notable benefits of credit cards is the rewards that are derived after making the purchases. The Barclaycard Rewards is an excellent option for individuals who are expecting lucrative rewards from their credit cards.
Highlighted below is the online application procedure about how you can apply for this card. Moreover, details pertaining to its features, rates, eligibility criteria are also elaborated below for your convenience. Read on to learn more.
Get 0.25% Cashback on Your Everyday Spending
You will be thrilled to know that using your Barclaycard Rewards credit card for your everyday purchases entitles you to receive a 0.25% cashback. While this may seem to be a small amount initially; however, collectively, you would be saving up a lot on a daily basis.
So, you can go about your daily purchases, such as groceries and other essentials without having to worry about the money being spent. You will be receiving a significant amount of your total transaction as a cashback.
No Fees on Foreign Purchases
If you are someone who frequently travels to international destinations, then you must be familiar with the concept of foreign transaction fees. It is basically the extra charges that you have to pay when you purchase something from abroad.
However, your Barclaycard Reward card will empower you to get rid of this extra fee. You can withdraw cash from any ATM and make your purchases easily without any foreign fees.
Protection on Purchases Over £100
Another great benefit offered by Barclays is protection on purchases that are over £100. In case you receive a faulty or broken piece, you do not need to worry about getting them replaced anymore.
If you used your Barclaycard Rewards for that purchase, then your purchase is deemed as protected and Barclays takes care of the rest. Thus, this saves you from the tedious task of seeking a replacement.
Please ensure that you keep the following eligibility criteria before you start your application for the credit card.
You must be above 18 years of age, your annual earnings should be £3,000, and you can not have been bankrupt or had an Individual Voluntary Arrangement or Debt Relief Order in the last six years.
You have not had any outstanding County Court Judgement (CCJ’s) in the last six years, you must have proof of your current address, and you must pay your bills on time.
How to Apply
By visiting the online portal for the Barclaycard Rewards, you will find an Apply Now option at the bottom of your screen. Clicking on it will direct you to the application form. It is advised that you do not close or refresh your browser while filling your application.
The first section of the application pertains to your personal information, such as name, age, gender, date of birth, and nationality. Thereafter, you will have to provide your contact details, such as your phone number and email address through which the bank can correspond with you.
Next, you have to fill in your residential details that include your current home address. This is followed by your financial details such as work and income, monthly spending, and bank details. Finally, you have to state the main purpose of use for your card. Then, click on Continue.
Fees and Rates
The Barclaycard Rewards credit card is a great option if you are looking for a new card. However, it is important to consider the rates and fees that come with this card.
- Representative APR: 22.9%
- Introductory rate for purchases: 0.25%
- Monthly interest rate for purchases: 1.733%
- Annual interest rate for purchases: 20.79% (Compound equivalent 22.9%)
- Monthly interest rate for cash withdrawals: 1.733%
- Annual interest rate for cash withdrawals: 20.79% (Compound equivalent 22.9%)
- Monthly interest rate for balance transfers: 1.733%
- Annual interest rate for balance transfers: 20.79% (Compound equivalent 22.9%)
- No annual fee
- Balance transfer fees: to be determined
- Purchase plans: to be determined
- Cash transaction fee: 0%
- Foreign Usage: to be determined
If you would like to get in contact with a Barclays representative, you can reach them by calling 0800 151 0900. We have also listed their mailing address below for you.
1 Churchill Place,
London E14 5HP
Possessing an everyday use credit card that provides lucrative reward options is a great way to save up on your expenses and manage your finances better.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.