Barclaycard Rewards Visa review 2020

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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: ★★★★★

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).

Earn 1p

per £4 spent

22.9%

Representative APR

0%

Foreign transaction charge

£0

Account fee

Details

IssuerBarclaycard
NetworkVisa
Rep. APR22.9% (variable)
Annual/monthly fees£0
Loyalty schemeCashback
Cashback details0.25% 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 InfoBuy 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.
Purchases22.9%
Purchases interest-free period (days)56
Balance transfers22.9%

Expert review

Chris Lilly

Review by


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.

Expert review

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

Pros

  • 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

Cons

  • 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 it compare with other cashback deals?

Table: sorted by representative APR, promoted deals first
Data indicated here is updated daily
Name Product Rewards earn rate Max. intro bonus Purchases Rep. APR Link Incentive Representative example
American Express Platinum Cashback Everyday Card
1% cashback
£100
22.2%
22.2% (variable)
Go to site
More Info
New Cardmember offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
American Express Platinum Cashback Card
1.25% cashback
£125
22.2%
27.3% (variable)
Go to site
More Info
As a new Cardmember, get 5% cashback on your purchases (up to £125) for the first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with a fee of £25 per annum, your representative rate is 27.3% APR (variable).
AIB Visa Option 1
0.5% cashback
£25
18.9%
18.9% (variable)
More Info
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).
smile Classic Credit Card
0.25% cashback
N/A
19.9%
19.9% (variable)
More Info
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 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
Santander All in One Credit Card
0.5% cashback
N/A
0% for 26 months reverting to 15.9%
21.7% (variable)
More Info
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).
Barclaycard Rewards Visa
0.25% cashback
0.5% of all spend in first 3 months
22.9%
22.9% (variable)
More Info
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.
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).
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Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

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 this Barclaycard

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.

Frequently asked questions

What credit limit will I get with the Barclaycard Rewards Visa?

If Barclaycard is able to offer you this deal, the offer will specify a personalised credit limit based on Barclaycard's assessment of your situation. The minimum limit offered on this card is £50 and Barclaycard does not specify a maximum. Once you've had the card for a while and shown Barclaycard that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Barclaycard Rewards Visa?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

There's no cash advance fee on the Barclaycard Rewards Visa.

The interest rate on this part of your balance will be 22.9%, which is the same as the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

What is the minimum payment on the Barclaycard Rewards Visa?

Each month you must pay at least 2.25% of your balance at that point or £5.00 – whichever of the two figures is greater. So if you had, say, £200.00 outstanding, you'd pay £5.00, and if you had £888.89 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

Can I request an additional Barclaycard Rewards Visa?

Yes, in fact, you can request up to 4 more. There's no fee for additional cards. Plus, with additional cards, you could earn cashback at a faster rate. Bear in mind that card debt accrued by additional cardholders is the sole responsibility of the account holder – not the additional cardholder.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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