Type of Barclays bank Credit card and benefits

Last Updated on July 1, 2024 by admin

Barclays Bank offers a diverse range of credit cards to cater to the financial needs and preferences of different individuals and businesses. Whether you are looking for rewards, cashback, travel perks, low interest rates, or credit building opportunities, Barclays Bank has a credit card option for you

Whether you’re new to credit, want to manage your money better or you’re looking for rewards, the bank got a range of cards that could help you get your dream come through.

We will explore the various types of Barclays Bank credit cards available, highlighting their features, benefits, and how to choose the right one that aligns with your specific requirements.

Also read: How to Register for barclays bank online banking and mobile app

Barclays Bank credit cards offer a range of benefits and drawbacks depending on your financial needs and habits.

Pros:

• Rewards and Cashback: Many Barclays credit cards offer rewards programs, allowing you to earn points or cashback on your purchases. These rewards can be redeemed for travel, merchandise, or statement credits.
• Introductory Offers: Barclays often provides introductory offers like 0% APR on purchases or balance transfers for a limited time, helping you save on interest.
• Travel Benefits: Some Barclays cards come with travel perks like airport lounge access, travel insurance, and no foreign transaction fees, making them ideal for frequent travelers.
• Purchase Protection and Extended Warranty: Many Barclays cards offer purchase protection and extended warranty on eligible purchases, providing peace of mind and additional value.
• Fraud Protection: Barclays employs robust security measures to protect your card from unauthorized use and fraud.

Cons:

• High-Interest Rates: Barclays credit cards typically have high-interest rates, which can accumulate quickly if you don’t pay off your balance in full each month.
• Annual Fees: Some Barclays cards have annual fees, which can add to the overall cost of using the card.
• Penalty APR: If you miss a payment or exceed your credit limit, you may be subject to a penalty APR, a higher interest rate that can significantly increase your debt.
• Temptation to Overspend: Credit cards can make it easy to overspend, leading to debt if you’re not careful with your spending habits.
• Impact on Credit Score: Misusing a credit card (e.g., missing payments, exceeding your credit limit) can negatively impact your credit score.

Type of Barclays bank Credit card

Barclays Bank offers a variety of credit cards to meet different needs and preferences. Some of the types of credit cards offered by Barclays Bank include:

1. Rewards credit cards

This card gives you reward for your everyday spending.You get a low interest rate on purchases and balance transfers, designed for those looking to save on interest costs.

You et cashback on new, eligible purchases made with Barclaycard Rewards, or you can collect Avios to spend on flights, hotels and more with Barclaycard Avios credit cards. It has 80.1% APR Representative (variable)

i. Barclaycard Avios Plus

If you’re new to Barclaycard, you’ll collect 25,000 Avios if you spend £3,000 in your first three months.

Collect 1.5 Avios for every £1 you spend on eligible purchases, for a £20 monthly fee

Spend £10,000 on your card within 12 months and choose between a British Airways cabin upgrade voucher to use on an Avios Reward Flight booking, or 7,000 bonus Avios.

Airport lounge membership – access to over 1,000 airport lounges worldwide at a discounted rate of £18.50 per lounge pass, per person

ii. Barclaycard Avios

If you’re new to Barclaycard, you’ll collect 5,000 Avios if you spend £1,000 in your first three months.

Collect 1 Avios for every £1 you spend on eligible purchases1, with no monthly fee

Spend £20,000 on your card within 12 months and choose between a British Airways cabin upgrade voucher to use on an Avios Reward Flight booking, or 7,000 bonus Avios

iii.Barclaycard Rewards card

You get 0.25% cashback on your everyday spending
No fees abroad – you’ll be able to withdraw cash from a cash machine, buy your souvenirs without any charges and benefit from Visa’s competitive exchange rate

2. Purchase offer credit cards

purchase cards let you make purchases without paying any interest on the balance for a certain period. This means you can buy today, and spread the cost over time. it has 28.9% APR Representative (variable)

i. Barclaycard up to 21 month purchase Platinum card

• 0% interest on purchases, for up to 21 months after you open your account
• 0% interest on balance transfers for up to 20 months, which starts on the date you open your account (a 3.45% fee applies). You’ll need to make your transfers within the first 60 days to enjoy the 0% offer

Also read: How to apply for barclays bank credit card

3. Credit building credit cards

If you’re looking to improve your credit score or start building one from scratch, this cards could help to build credit and improve credit scores..

It has 33.9% APR Representative (variable)

1.Barclaycard Forward

4. Balance transfer credit cards

If you’re paying interest on credit or store cards, you could consolidate what you owe with one of our balance transfer cards. This a card designed for consolidating credit card debt, offering an introductory 0% APR on balance transfers for a specified period.

1.Barclaycard Forward

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