Compare the Barclaycard Initial against other cards to rebuild your credit


Barclaycard Initial is a new credit card aimed at people who need to improve their credit rating. Whether you're new to credit in general (i.e. no credit history) or you've maybe missed payments etc in the past (a poor credit history), then Initial may be for you.

Using a credit card responsibly and keeping up with your repayments can help to rebuild your credit rating, as it adds 'good' history to your credit file which helps to outweigh any bad history.

The high APR of this card reflects the market it's aimed at - people with poorer credit ratings will naturally have to pay more than those with perfect ratings, and as you don't have as many options available to you, a high interest rate may be acceptable as the price you need to pay for getting a credit card.

There's no annual fee, and the card features both fraud protection and an identity protection service. Credit limits of up to £2000 are available, although if you have a bad credit rating you'll probably be offered less than that.

CARD NAME

Barclaycard Initial Credit Card

ISSUING BANK

Barclaycard is a trading name of Barclays Bank PLC. Barclays Bank PLC is authorised and regulated by the Financial Services Authority. Registered in England No: 1026167. Registered Office: 1 Churchill Place, London E14 5HP.



CARD TYPE

VISA

USP

The Barclaycard Initial Credit Card is a great card for a first timer with lots of useful services such as fraud protection thrown in for free. It's also a good choice if you're looking to rebuild your credit rating.

PROS

The Barclaycard Initial Credit Card comes with these great benefits:

Affordable credit limit of up to £2000 (minimum £250) 
Maximum 56 days interest free on purchases if you pay in full and on time each month, during the first six months
Free Identity Protection Service
Purchase Delivery Protection against loss or damage to online, phone or mail orders from despatch to door (second-hand goods and services excluded)
Safer shopping with Fraud Protection including Chip and PIN and monitoring your account for unusual spending
Emergency help when travelling abroad
Great holiday deals with Travel Service
Convenient online account management
Emergency cash advance and credit card replacement service
Opt in for text alerts five days before your payment is due
24 hour helpline

CARD TERMS & FEES

No Annual fee
Typical APR - 27.9% APR variable
Minimum monthly payment - 2.5% or £5 whichever is greater
Cash withdrawal charge - 2.5% (min. £2.50)
Late payment - £12
Over credit limit fee - £12
Returned payment - £12
Balance transfers and cheques - 2.5%
Overseas transactions - 2.75%
Copies of statements - £3.00
Copies of transactions - £5.00

WHO CAN APPLY?

Aged 18 or over with a permanent UK address for 3 months or more. Have a regular income of more than £3,000 pa , don't already have a Barclaycard and don't have a CCJ, IVA or have not been registered bankrupt.

ATM LIMITS

Maximum ATM withdrawal - Not to exceed the credit limit on the Card and in accordance with daily withdrawal limits.

MISC

The Barclaycard Initial Credit Card can be used anywhere that you see the Visa acceptance mark - in store, by telephone and online. Up to 56 days interest free on purchase transactions if you pay your balance off in full each month.


 

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Everything Financial offer products and services to help rebuild your credit history. If you have been turned down for a credit card or loan, we have various no credit check products or products designed to help rebuild your credit. We affiliate with leading UK companies within this market that understand your credit history may be less than perfect. Products include no credit check online payday loans, unsecured loans for bad credit, credit cards even with a poor credit history, prepaid credit and debit cards, guaranteed banking accounts and many more.