The main attraction of the Barclaycard Platinum Credit Card With Purchase is its super long 0% interest on purchases and 0% balance transfers for 12 months. Most credit card offers from other banks only provide a 0% APR introductory rate for 6 months. If you like to temporarily stop paying interest on your credit card balances, Barclaycard Platinum Credit Card With Purchase is the best choice today since it has no annual fees.
You do not need a high income to apply for the Barclaycard Platinum Credit Card With Purchase. As long as you have a minimum regular income of £20,000 per annum, it is enough. However, you must not have any history of bankruptcy, County Court Judgments (CCJs), Individual Voluntary Arrangements (IVAs) registered in the past 5 years. Your credit rating is important for qualifying for this Barclaycard Platinum Credit Card as the bank will check how you manage your credit card and loan payments, overdraft, debts etc. You can call in Barclays 24 hour customer service or manage your account online with identity theft protection.
Barclays Platinum Credit Card Interest Rates
Note that there will be a 16.9% variable APR on purchases and balance transfers after the introductory period is over. Cash advance interest is at 27.9% which means it may be cheaper to use direct deposit payday loans instead. While your credit limit starts at £250, this can be increased subject to approval.
Barclays Platinum Credit Card Charges
The various charges for the Barclaycard Platinum Credit Card With Purchase is as listed below and considered reasonable. You should try to avoid these penalties by ensuring you do not spend over your credit limit and pay off your balances on time.
Late payment: £12
Over credit limit: £12
Returned payment: £12
Barclays Platinum Credit Card Benefits
You can redeem rewards from points accumulated on your Barclaycard Platinum Credit Card. The Barclaycard Freedom rewards program allows you to earn 1% rewards at their partner locations for travel discounts, ticket purchases etc.
Barclays Platinum Credit Card User Reviews
The Barclaycard Platinum Credit Card With Purchase receives a lot of positive reviews from users who are enjoying the long 12 months 0% APR offer. This can be used to help you pay off card balances faster and save money on interest payments. Do remember that the representative rate is 16.9% assuming a credit limit of £1200.
If you have a good credit rating and low levels of debt, the Barclaycard Platinum Credit Card With Purchase will be the best card to use for long interest free purchases and balance transfers. Remember that you need to ask for a credit limit increase if you intend to transfer a large balance from other accounts. On the other hand, if you do not need interest free purchases, you can consider the Barclaycard Platinum Credit Card with Balance Transfer which offers 0% interest on balance transfers for 19 months!
Barclays Bank Background Information
Barclay’s is one of the largest banks in UK, and its current line of Platinum credit cards seem to be targeting consumers who wanted to enjoy longer 0% APR introductory offer. It is easy to choose the best Barclaycard Platinum Credit Card for 0% APR to suit your financial needs and save money. Although you do not need a high income to apply here, you do need good credit ratings for Barclaycard Platinum Credit Cards. If you have no credit or earn between £10,000 to £20,000 a year, try the Barclaycard Initial Credit Card. As of now, there are no suitable Barclaycard credit cards for bad credit.