Barclaycard Platinum Cashback Plus Visa review June 2019

Barclaycard Platinum Cashback Plus Visa
Barclaycard Platinum Cashback Plus Visa

Earn cashback on your day-to-day spending and enjoy 0% fees on non-sterling transactions.

For those who don’t carry a card balance from month-to-month, cashback deals such as this, with no annual fee, offer a way to make your money go a little further. The cashback you build up while spending will be credited monthly to your account. If you do carry a balance from month to month, then the amount you’ll pay in interest is likely to outweigh the amount you’ll earn in cashback.

If you’re planning on taking this card abroad to benefit from the fee-free overseas spending offer, remember to pay or take out cash in the local currency.

Like all Barclaycards, this card comes with a number of handy extras, including pre-sale tickets and discounts on selected gigs and festivals through Barclaycard entertainment.

Key details

IssuerBarclaycard
NetworkVisa
Rep. APR21.9% p.a. (variable)
Annual/monthly fees£0
Loyalty schemeCashback
Cashback details0.5% after £1 of yearly spend for introductory period of 3 months. 0.25% after £1 of yearly spend. Cashback paid Monthly into Card Account. Cashback on purchases until 31.8.23. Maximum spend for cashback purposes is limited to credit limit.
Additional Rewards InfoNo non-sterling transaction fees on foreign spend and ATM withdrawal until 31.8.23. Buy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive pre-sale tickets on selected festivals with 10% off ticket prices. Save 5% on food and drink at all UK 02 Academy venues.
Purchases21.9%
Purchases interest-free period (days)56
Balance transfers21.9%
Annual/monthly fees£0
Balance transfer fee3.5%
Foreign usage charge (EU)0%
Foreign usage charge (rest of world)0%
Cash advance fee2.99% (min. £2.99)
Late payment fee£12
Duplicate statement fee£2
Exceeding limit fee£12
Additional card fee£0
Replacement card fee£0
Dormancy fee£0
Minimum Age21
Minimum income£20,000
AvailabilityAvailable to new customers
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
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How does this card compare with other cashback cards?

Comparison ordered by representative APR with affiliated products shown first.
Updated June 19th, 2019
Name Product Annual/monthly fees Purchases Rep. APR Cashback details Representative example
£0
22.9%
22.9%
5% after £1 of yearly spend for introductory period of 3 months. 0.5% on £1 to £5000 of yearly spend. 1% after £5001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback in the first 3 months (max £100). Must spend £3K annually to earn cashback.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
£25 per annum
22.9%
28.2%
5% on £1 to £2500 of yearly spend for introductory period of 3 months. 1% on £1 to £10000 of yearly spend. 1.25% after £10001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback (max £125).
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £25 per annum, your representative rate is 28.2% APR (variable).
£0
16.9%
16.9%
0.25% after £1 of monthly spend. Cashback paid Monthly into Card Account.
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a., your representative rate is 16.9% APR (variable).
£0
18.9%
18.9%
0.5% after £5000 of yearly spend. Minimum of 12 transactions per year required. Maximum of £250 cashback paid per year. Cashback paid Anniversary into Card Account. For initial £5K a £25 cashback is paid, plus an additional £1 for every further £200 spent.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
£0
18.9%
18.9%
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
£3 per month
0% for 26 months reverting to 15.9%
21.7%
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).
£0
21.9%
21.9%
0.5% after £1 of yearly spend for introductory period of 3 months. 0.25% after £1 of yearly spend. Cashback paid Monthly into Card Account. Cashback on purchases until 31.8.23. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
£0
34.95%
34.9%
0.5% on £1 to £20000 of yearly spend. Maximum of £100 cashback paid per year. Cashback paid Anniversary into Card Account. Maximum spend for cashback purposes is £20000
Representative example: When you spend £1,200 at a purchase rate of 34.95% (variable) p.a., your representative rate is 34.9% APR (variable).
£15 per month
0% for 18 months reverting to 18.9%
49.8%
0.5% on £1 to £3000 of monthly spend. Maximum of £15 cashback paid per month. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. with a fee of £15 per month, your representative rate is 49.8% APR (variable).

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Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0800 731 0200), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:
Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the Barclaycard Platinum Cashback Plus Visa

If you have compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, it’s a smart idea to quickly use the “eligibility checker”, which can give you a good idea of your chances of approval before you apply. Crucially, because it uses a “soft” credit search, this tool won’t affect your credit score.

*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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