Barclays PLC is a British multinational banking and financial
services company headquartered in London, United Kingdom. It has
operations in over 50 countries and territories across Africa, Asia,
Europe, North America and South America and around 48 million customers. As of 31 December 2010 it had total assets of US$2.33 trillion, the fourth-largest of any bank worldwide.
Barclays PLC issues some credit cards. Generally they issues
- Balance transfer (3)
- Purchase credit cards
- Credit builder
- Reward cards
Barclaycard Platinum Purchase credit card is the most popular credit card. The main features of Barclaycard Platinum Purchase credit card-
APR 18.9%
APR Representative (variable).
Interest rates
In
Purchases, the Introductory rates is
0% for 12 months from account opening and then Monthly interest rate is 1.356% and Yearly interest rate 18.9%.
In Cash advances, the Introductory rates is N/A, Monthly interest rate is 2.075% and Yearly interest rate 27.9%.
In Balance transfers, the Introductory rates is 0% interest for
12 months from account opening with a 2.9% fee on transfers made within 60 days
of opening your account. The amount transferred must not exceed 90% of the
available credit on your account. And then Monthly interest rate is 1.356% and Yearly interest rate 18.9%.
Interest free period
Maximum 56 days from date of
transaction for purchases and for non-sterling cash withdrawals if you pay your
balance in full and on time each month.
No interest free period on cash advances or balance transfers (this is subject to any interest free promotional offer).
No interest free period on cash advances or balance transfers (this is subject to any interest free promotional offer).
Interest charging information
If interest is payable, it will be
charged from the date the transaction is debited to your account until it is
paid in full.
Interest is charged on your average
daily balance. By repaying more of your balance, or by making your
repayments earlier, you will pay less interest.
Allocation of payments
If you do not pay the total
outstanding balance in full by the payment due date, we will apply the amount
you do pay to reduce higher interest rate balances before lower interest
rate balances.
For further details, please refer to
your credit card terms and conditions.
Minimum repayment
The highest of:
1. 2.25% of the amount you owe us on
your monthly statement;
2. £5 (or the entire amount if less
than £5);
3. any interest, account fees and
default charges that have been added to your account since your last
statement plus 1% of the remaining balance.
If you
only make the minimum payment each month it will take you longer and cost
you more to clear your balance.
Credit limit
Minmum credit limit: £250
Maximum credit limit: Subject to
status
Fees
No annual fee
Charges
Purchases
not in sterling, cash advances, foreign currency or travellers' cheques,
money orders and wire transfers and gaming transactions*:
A
2.99% fee applies to all of the above. A minimum £2.99 fee applies on
sterling cash withdrawals, money orders and wire transfers. *(See Condition 3
of your Barclaycard Conditions for more information)
Balance transfers: Up
to 5%. We'll let you know the fee when we send you an offer.
Copies of statements: £2.00
Copies of transactions:
£5.00
Default charges
Late payment: £12
Over credit limit: £12
Returned payment: £12
You can
avoid paying additional charges by staying within your credit limit and
ensuring that your monthly payments are received on time.
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