Barclaycard Rewards Visa review 2020
Earn cashback on your day-to-day spending while building a positive credit history.
Until recently this card offered new customers the chance to benefit from waived fees on non-sterling transactions, sadly these transactions will now incur a fee of 0%. Still, for those who don’t carry a card balance from month-to-month, cashback deals such as this, with no annual or monthly account fee, offer a way to make your money go a little further.
You say: ★★★★★We say: ★★★★★
Doing its job: 3/5
In a nutshell:
Foreign transaction charge
Up to 56 days
Interest-free each billing period
|Rep. APR||22.9% (variable)|
|Cashback details||0.25% after £1 of yearly spend. Cashback paid On request into Card Account. Cashback paid annually or on request. Maximum spend for cashback purposes is limited to credit limit.|
|Additional Rewards Info||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.|
|Purchases interest-free period (days)||56|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
If you’re new to credit cards, Barclaycard’s Platinum Cashback Plus could be a sensible card to start out with, and could earn you a few pennies while you spend. The cashback you build up while spending on this card will be credited monthly to your account. Just bear in mind that if you 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 have a limited or damaged credit history, Barclaycard might offer you a tailored (higher) interest rate. You can check your eligibility before you apply, and without affecting your credit score, at the Barclaycard site.
Provided you use it correctly (make at least your minimum repayment on time each month and stay within your credit limit, for example), then as with any credit card, you could also build your credit score over time.
Like all Barclaycards, this card comes with a few appealing extras, including pre-sale tickets and discounts on selected gigs and festivals through Barclaycard entertainment.
Pros and cons
- Customers report excellent customer service when dealing with Barclaycard.
- Avoid currency conversion charges when spending abroad.
- Earn cashback on day-to-day spending.
- No annual fee.
- Minimum annual income requirement of £20,000.
- Applicants with low credit scores are unlikely to be eligible.
- You may be offered an opening credit limit as low as £50.
How does this card compare with other cashback cards?
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 Rewards Visa
If you’ve 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.