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  • FIRST POST
    • Tobydog
    • By Tobydog 18th Jan 17, 7:37 PM
    • 1Posts
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    Tobydog
    Using barclaycard platinum abroad
    • #1
    • 18th Jan 17, 7:37 PM
    Using barclaycard platinum abroad 18th Jan 17 at 7:37 PM
    ACCORDING TO THE ARTICLE THAT HAS JUST APPEARED IN THE WEEKLY NEWS YOU CAN USE BARCLAYCARD PLATINUM VISA CARD TO GET CASH WITHDRAWALS WITH NO CHARGES. IF PAID IN FULL AT THE NEXT STATEMENT

    THEN THERE IS REFERENCE TO ATM WITHDRAWALS AT 27.9%

    I AM CONFUSED AS TO WHERE YOU WOULD GET A CASH WITHDRAWAL ONLY OVER THE BANK COUNTER?
    BELOW IS THE TEXT FROM MARTIN NEWS LETTER ON THE BARCLAYCARD PLATINUM VISA ----PAID IN FULL AT NEXT STATEMENT

    HERE IS THE TEXT FROM THE E MAIL

    For one of the cheapest ways to withdraw cash abroad, the Barclaycard Platinum Visa (eligibility calc / apply*) comes top. It has no exchange fees till 31 Aug 2018 and unusually it doesn't charge a cash withdrawal fee or interest on overseas (not UK) withdrawals if you pay your bill IN FULL (14.9% rep APR on spending). For a full list, incl cards for poor credit scorers, see Overseas Cards (APR Examples).

    TAKING THE LINK TO THE BARCLAYCARD ELIGIBILITY CALC LEADS YOU TO THE TEXT BELOW BUT THE TITLE IS ]Barclaycard Travel Car NOT PLATINUM VISA!!!!!!!!!!


    Barclaycard Travel Card
    NO FEES OR INTEREST IF YOU PAY OFF IN FULL
    Is this card right for you?
    Exchange rate fee: Europe: 0% | Worldwide: 0% Cash withdrawal fee: None | Interest on cash withdrawals? Only if not repaid in fullRepresentative APR on spending: 14.9% (see Official APR Examples)Interest rate on ATM withdrawals: 27.9% Card issuer: Visa[/B][/B]


    CAN MARTIN'S TEAM CLARIFY THIS FOR ME
    MUCH APPRECIATED
Page 1
    • eskbanker
    • By eskbanker 18th Jan 17, 7:46 PM
    • 5,555 Posts
    • 5,399 Thanks
    eskbanker
    • #2
    • 18th Jan 17, 7:46 PM
    • #2
    • 18th Jan 17, 7:46 PM
    NO NEED TO SHOUT!

    The 27.9% applies 'only if not repaid in full', i.e. if you withdraw cash at an ATM and repay in full when statemented then no interest, but if you don't repay it in full then interest accrues at 27.9% APR.
    • Bob Russell
    • By Bob Russell 4th Feb 17, 6:31 PM
    • 1 Posts
    • 0 Thanks
    Bob Russell
    • #3
    • 4th Feb 17, 6:31 PM
    • #3
    • 4th Feb 17, 6:31 PM
    I too am confused. I saw Martins TV program aired on Monday 25th Jan on ITV. The piece on this credit card referred to as the Barclaycard Platinum Travel card but shown on TV as Barclaycard Travel card. As my wife and I are going abroad soon we both decided to apply for one as we were attracted to the 0% interest on purchases and ATM withdrawals, (providing you pay in full which we would do).
    We were successful in our applications and our cards arrived.
    The cards say Barclaycard Platinum. Within the literature contained with the card it confirms 0% on purchases and ATM withdrawels BUT states that there is a 2.99% transaction fee each time you use your card abroad including at the ATM. I asked n a local branch of Barclays and they believed there IS still the 2.99% fee each time.
    There was no mention of this on the TV show it made out all completely free (until Aug 2018).
    Can anyone please clarify. Obviously if this is the case then this needs to be pointed out on TV as it made NO reference to any fee's providing you pay in full when billed.
    • eDicky
    • By eDicky 5th Feb 17, 9:14 AM
    • 2,841 Posts
    • 1,234 Thanks
    eDicky
    • #4
    • 5th Feb 17, 9:14 AM
    • #4
    • 5th Feb 17, 9:14 AM
    We were successful in our applications and our cards arrived.
    The cards say Barclaycard Platinum. Within the literature contained with the card it confirms 0% on purchases and ATM withdrawels BUT states that there is a 2.99% transaction fee each time you use your card abroad including at the ATM. I asked n a local branch of Barclays and they believed there IS still the 2.99% fee each time.
    Originally posted by Bob Russell
    I have no TV but in the MSE website article the card is referred to as:

    Barclaycard Platinum Travel Credit Card*
    The Barclaycard* travel card offers no fees on spending or cash withdrawals overseas. (etc.)

    http://www.moneysavingexpert.com/travel/travel-credit-cards

    Did you apply via the link in that article, or directly on the Barclaycard website:

    https://www.barclaycard.co.uk/personal/credit-cards?WT.ac=A07D01&ref=tombstone-p3-acq

    There are about eight 'Platinum' cards listed there, including the 'Travel' card:

    Platinum travel credit card
    Could be good if you don’t want to pay non-sterling transaction fees when travelling.
    • No non-sterling transaction fees on your foreign spend and ATM withdrawals until 31 August 2018
    • Take advantage of Visa’s competitive exchange rate
    • 14.9% interest on your purchases and 27.9% interest on your ATM withdrawals home and abroad


    Which one did you apply for?
    • john2054
    • By john2054 6th Feb 17, 3:17 AM
    • 163 Posts
    • 32 Thanks
    john2054
    • #5
    • 6th Feb 17, 3:17 AM
    • #5
    • 6th Feb 17, 3:17 AM
    I think it's safe to assume that there will be some fee for using the card abroad, but because Barclays are an international bank, they can help keep this down. Also don't forget to tell your local branch when your holiday is, so that they can make sure that payments are not blocked!
    • eDicky
    • By eDicky 6th Feb 17, 7:11 AM
    • 2,841 Posts
    • 1,234 Thanks
    eDicky
    • #6
    • 6th Feb 17, 7:11 AM
    • #6
    • 6th Feb 17, 7:11 AM
    I think it's safe to assume that there will be some fee for using the card abroad, but because Barclays are an international bank, they can help keep this down.
    Originally posted by john2054
    The only assumption is that this card does what it says - i.e. give the straight VISA rate and charge no overseas fees whatever. It's unique among 'travel' credit cards in not even charging daily interest on cash withdrawals.
    • bigadaj
    • By bigadaj 6th Feb 17, 7:28 PM
    • 10,274 Posts
    • 6,591 Thanks
    bigadaj
    • #7
    • 6th Feb 17, 7:28 PM
    • #7
    • 6th Feb 17, 7:28 PM
    The only assumption is that this card does what it says - i.e. give the straight VISA rate and charge no overseas fees whatever. It's unique among 'travel' credit cards in not even charging daily interest on cash withdrawals.
    Originally posted by eDicky
    Well for eighteen months at least.
    • eDicky
    • By eDicky 8th Feb 17, 8:27 PM
    • 2,841 Posts
    • 1,234 Thanks
    eDicky
    • #8
    • 8th Feb 17, 8:27 PM
    • #8
    • 8th Feb 17, 8:27 PM
    Well for eighteen months at least.
    Originally posted by bigadaj
    As someone pointed out, at least it should remain fee free for the eighteen months, whereas other travel cards or their benefits can be withdrawn at any time. The MBNA Everyday Plus didn't last long, for example.
    • Martlea
    • By Martlea 5th Jul 17, 12:07 PM
    • 5 Posts
    • 1 Thanks
    Martlea
    • #9
    • 5th Jul 17, 12:07 PM
    Confusing Card Name
    • #9
    • 5th Jul 17, 12:07 PM
    Hi, Just successfully applied for a new card from the Barclaycared Platinum Travel Card website. The card looks identical to my regular Barclaycard Platinum Card on their site.
    The application definitely states Barclaycard Platinum Travel card. Have receive welcome email from Barclaycard which just says Barclaycard Platinum with no mention of Travel Card.
    This is all very confusing and I don't understand why Barclaycard don't put the word Travel on the card or make it a different design at least from the regular non-travel card.
    Will be very annoyed if all they have done is issue me a second regular Barclaycard.
    If there is anyone from Barclaycard on this forum perhaps they would care to explain?
    • Economic
    • By Economic 5th Jul 17, 12:13 PM
    • 111 Posts
    • 68 Thanks
    Economic
    It now says until August 2022!:
    https://www.barclaycard.co.uk/personal/credit-cards/platinum-travel-credit-card?WT.ac=A00D01&ref=hero-banner-p1-acq
    • chattychappy
    • By chattychappy 5th Jul 17, 12:21 PM
    • 6,350 Posts
    • 3,334 Thanks
    chattychappy
    I think it's safe to assume that there will be some fee for using the card abroad, but because Barclays are an international bank, they can help keep this down. Also don't forget to tell your local branch when your holiday is, so that they can make sure that payments are not blocked!
    Originally posted by john2054
    I'm afraid this is nonsense. Santander are international (and Spanish). But for most of their products they will merrily charge if you withdraw in Spain. Ditto HSBC... I don't think being international inclines them to "helping" you!

    Some "Old" Barclycards charge 2.75% for ATM withdrawals overseas, but that's all they charge*. You get up to 56 days interest free. That makes it unusual. Newer cards have a promotion where they don't even charge the 2.75%.

    (*some ATMs apply a local charge, just as some ATMs in the UK do.)
    • jellyd
    • By jellyd 8th Jul 17, 12:36 PM
    • 1 Posts
    • 0 Thanks
    jellyd
    I've just applied for one on Martin's recommendation, and the blurb states that all transactions abroad incur a 2.99% transaction fee!
    • wiseonesomeofthetime
    • By wiseonesomeofthetime 8th Jul 17, 12:51 PM
    • 101 Posts
    • 48 Thanks
    wiseonesomeofthetime
    I've just applied for one on Martin's recommendation, and the blurb states that all transactions abroad incur a 2.99% transaction fee!
    Originally posted by jellyd
    They will do. AFTER the promotional rate expires in 2018 or 2022, depending which offer you signed up to.
    • Marksfish
    • By Marksfish 8th Jul 17, 2:29 PM
    • 175 Posts
    • 33 Thanks
    Marksfish
    Cash withdrawn in Spain today gave a rate of 1.09€ = £1. The N&P card we were hoping to replace this with gave 1.12€ - £1.
    • PeacefulWaters
    • By PeacefulWaters 8th Jul 17, 4:24 PM
    • 6,968 Posts
    • 8,586 Thanks
    PeacefulWaters
    Cash withdrawn in Spain today gave a rate of 1.09€ = £1. The N&P card we were hoping to replace this with gave 1.12€ - £1.
    Originally posted by Marksfish
    Sounds like the initial transaction reporting is including the fee.

    Check again on Tuesday to see how it finally posts to your account.
    • Marksfish
    • By Marksfish 8th Jul 17, 6:10 PM
    • 175 Posts
    • 33 Thanks
    Marksfish
    Yes, it is in the pending transactions tab, so will hopefully shift a bit (favourable) once finalised.
    • Marksfish
    • By Marksfish 11th Jul 17, 1:33 PM
    • 175 Posts
    • 33 Thanks
    Marksfish
    Well, pending now a completed transaction and you were correct PeacefulWaters. Barclaycard has now given a 1.1284 = £1. N&P have 1.12839!!!!

    Not much in it. Looks like a good card to be using, I give it the thumbs up

    Mark
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