How to Apply for your Barclaycard Rewards Credit Card
The Barclaycard Rewards Credit Card is designed to provide cardholders with a simple yet effective way to earn cashback on their everyday spending while enjoying the flexibility of fee-free spending abroad.
With a focus on ease of use and valuable benefits, this card is an attractive option for frequent travelers and those looking to maximize their regular spending.
Barclaycard Rewards Credit Card Benefits
One of the main attractions of the Barclaycard Rewards Credit Card is its straightforward rewards structure, allowing users to earn cashback on their purchases without any complex point systems or redemption hoops. Below, we will explore the key features in detail:
1. Cashback on Everyday Purchases
The Barclaycard Rewards Credit Card offers a 0.25% cashback rate on all everyday spending, which includes anything from groceries and utilities to online shopping. The cashback applies automatically to every purchase, making it an easy way for cardholders to earn rewards on their day-to-day expenses without any special conditions.
In addition to the standard 0.25% cashback, cardholders can earn up to 15% cashback at a variety of participating retailers when they register for Barclaycard’s special offers.
This extra cashback is available through selected retailers and further enhances the value of the card for savvy shoppers looking to get more from their spending.
2. No Fees for Overseas Spending
One of the most significant advantages of the Barclaycard Rewards Credit Card is its travel-friendly feature of no foreign transaction fees. Many credit cards charge a fee, often between 2% and 3%, on transactions made abroad, but with this card, you can make purchases or withdraw cash without incurring any additional charges.
The ability to avoid these fees makes the card particularly attractive for those who frequently travel or shop internationally, as it allows them to save money when spending in foreign currencies.
Additionally, cardholders benefit from Visa’s competitive exchange rate, ensuring they get a fair deal on their international purchases.
3. Protection on Purchases
Another valuable feature is the card’s purchase protection, which is a standard benefit across UK-issued credit cards. This feature covers purchases over £100 in case there’s a problem with the goods or services you’ve bought.
Whether you’re dealing with a faulty item, non-delivery, or any other issue with a purchase, the Barclaycard offers peace of mind by providing a layer of protection. If something goes wrong, you may be eligible for a refund, though terms and conditions apply.
4. Fraud Protection 24/7
Barclaycard takes cardholder security seriously with its fraud protection services. Whether you’re shopping in-store, online, or abroad, Barclaycard’s advanced fraud detection system works around the clock to monitor your account for suspicious activity.
This system ensures that any unauthorized transactions are quickly identified and addressed, providing cardholders with the reassurance that their funds and information are safe.
If any fraudulent transactions are detected, cardholders are not liable, adding an extra layer of security to their spending.
5. Free Additional Cardholder
Cardholders have the option to share their account with someone close to them by adding a free additional cardholder. This feature is especially useful for families or couples who want flexibility in their spending or need a backup for emergencies.
The additional cardholder will receive their card linked to the main account, allowing them to make purchases while the primary cardholder remains in control of the account.
What You Should Have to Apply
Before applying for the Barclaycard Rewards Credit Card, you’ll need to ensure that you meet certain eligibility requirements.
These criteria help ensure that applicants are responsible with credit and capable of managing their spending.
- Age Requirement: Applicants must be 21 years or older.
- UK Residency: You must have had a permanent UK address for at least two years.
- Income Requirement: Applicants must have a personal income of more than £20,000 per annum.
- Credit Management: You should have at least four years of credit management experience, which demonstrates that you have responsibly used credit products in the past.
- Good Credit Standing: It is essential to have a clean credit history, meaning no County Court judgments (CCJs), Individual Voluntary Arrangements (IVAs), or bankruptcies in the past six years.
- Payment History: You must have a record of always making payments on time.
- Ability to Afford Repayments: Applicants should ensure that they can afford repayments on any outstanding credit commitments.
Meeting these requirements will increase your likelihood of being approved for the Barclaycard Rewards Credit Card.
Step-by-Step to Apply for the Barclaycard Rewards Credit Card
If you meet the eligibility criteria and are ready to apply for the Barclaycard Rewards Credit Card, follow these steps to complete your application:
- Gather Your Information: Before starting the application, gather all the necessary information you’ll need to complete the form. This includes:
- Address details for the last two years
- Phone number and email address
- Employment details, including your current job title and income
- Annual income (before tax) and monthly income (after tax)
- A good idea of your monthly outgoings
- Your bank account sort code and account number
- Apply Online: Visit the Barclaycard Rewards Credit Card page on the official Barclays website. Press the “Apply Now” button, which will direct you to the application form.
- Provide Required Details: Fill in the application form with your personal, employment, and financial information. Ensure all details are accurate to avoid delays or issues during the application process.
- Submit Application and Wait for Approval: Once your application is complete, submit it online. Barclaycard will review your details and conduct a credit check. If your application is successful, you will receive an approval notification, and your new card will be sent to you. In some cases, if your application is accepted, you may need to provide additional documents, such as bank statements or payslips, to verify your financial situation.
Barclaycard Rewards Credit Card Fees and Tariffs
- APR: 28.9% APR (variable)
- Purchase Rate: 28.9% p.a. (variable)
- No Annual Fee: There are no fees associated with holding this card, making it a cost-effective option for long-term use.
- Late Payment Fee: £12
Barclaycard Rewards Credit Card Pros and Cons
Like any credit card, the Barclaycard Rewards Credit Card has its pros and cons. Understanding these can help you decide whether it’s the right choice for your financial needs.
Pros
- Simple Cashback: The 0.25% cashback on all spending is a straightforward and easy-to-use rewards system.
- No Foreign Transaction Fees: A standout feature for frequent travelers, saving you from extra costs when spending abroad.
- Purchase Protection: Cover for purchases over £100 gives peace of mind for larger transactions.
- No Annual Fee: The lack of an annual fee makes this card cost-effective for everyday use.
- Free Additional Cardholder: Adding an extra cardholder at no cost increases flexibility for families or couples.
Cons
- High APR: With an APR of 28.9%, this card is not ideal for those who intend to carry a balance.
- Strict Eligibility Criteria: The £20,000 annual income requirement and four years of credit management experience might exclude some applicants.
- Limited Cashback Rate: The 0.25% cashback is lower than some other cashback credit cards, which might be a disadvantage for those looking for higher rewards.
Conclusion
The Barclaycard Rewards Credit Card is a solid choice for those seeking a simple and effective way to earn cashback on their everyday spending while benefiting from no foreign transaction fees.
With added features like purchase protection, fraud monitoring, and a free additional cardholder, this card offers valuable perks for both frequent travelers and domestic spenders. However, its relatively high APR and strict eligibility requirements may not suit everyone.
Ultimately, this card is ideal for responsible spenders who can pay off their balance in full each month to maximize the rewards and avoid interest charges.