Barclaycard 0% new customer offer

mcandrst

I noticed my credit limit was approx one-fifth of the amount I enjoy from my other cards.

Maybe Barclaycard are trying to act responsibly in relation to debt, or, and you may call me cynical here, they are keen to get as many people signed up without the initial burden of shouldering loans at 0%.

I'm sure if I contacted BC they would say they would reappraise my status after, say, a year or so, and then probably increase my limit accordingly. Oh, at a much inflated rate naturally.

Seán

pioneer31

One of the worlds biggest names in Credit Cards pulling a fast one.......that sounds about right

Let's all not use our cards UNLESS they have a decent credit limit. I sure as hell won't.................and I'll tell them so. I couldn't believe someone has a credit limit of £400!!?! . It's not worth having for that!

MSE_Martin

To an extent i do feel a bit sorry for Barclaycard - it took a bashing by the Sunday Times this week for leading people into debt. Yet it has launched a record offer (again was slated for that, still can't understand why) and as it's been pilliaried for pushing people into debt has reduced it's credit limits.

To be honest I wouldn't blame Barclaycard - take a read of the articles knocking it and realise there is a war against credit going on by people who expect everyone to play a game of 19th century financial simplicity. The card companies are under a lot of pressure.

(not sure i shuold've said all this, but it'll stay hidden in this thread)

Milarky

It's been said here before, but low initial credit limits will only be reviewed after 3 months (and so outside the time avaibable to BT). The card can then be used for spending only, after an initial limit is raised to be of added benefit.

System

This is taken from the terms and conditions on the application for the card:

3.5 Unless we tell you otherwise we will charge a handling fee, in addition to interest, on the amount of cash, travellers' cheques, balance transfers or Barclaycard cheques charged to your account by you or any additional cardholder. This handling fee will be 2% (minimum £2), or for Initial 2.5% (minimum £2.50).

Does this mean that Barclaycard will charge me for making a balance transfer?

System

http://business.timesonline.co.uk/article/0,,8209-1158836,00.html

More "bad" PR

neilk_2

Well I'm very happy with my new barclaycard - decent credit limit and good customer service. Which leads me to......

......I just phoned up to transfer a balance from my Egg card after using that to get the cash into my current account. As part of the process I was asked what is the BT going for, is it going onto another credit card, paying off a loan, or going into your bank account. I did a bit of a double take at this point and asked for clarification. Apparently you CAN pay into a current account (ie SBT) with the new Barclaycard, only not a Barclays current account.

So. That's as I've just heard it.
Platinum Customer Services 0800 9177 277
If you want to try for yourself.

DiggingOut

Maybe they wanted to find out if you are a rate tart so they could mark it on their records for future reference/refusals....

TREVORCOLMAN

Sent for mine. If the credit limit is not satisfactory then it will go straight back - plenty of other companies.


;D

System

This thread relates to the new customer offer described in this article

(to discuss the existing customer offer click here)

To ask a question of discuss this click reply.