Barclays Premier Account or Barclaycard ?

MikeSmith61

Quick Question just to get some feedback on what people think, as I know some people prefer Credit cards and others Debit cards.

If a person say had a Barclays Premier Debit card and a Barclaycard, and if the Barclays premier account had such a large balance they did not have to use a Credit Card to Borrow, but a Direct Debt for the full amount was set up on the Barclaycard to pay it in full if they did use it, would they be better using their Premier Account for day to day transactions or a Barclaycard which is then paid in full each month ?.

I can see a couple of good and bad points with both:

The Premier account:

It’s your own money.
There is no bill at the end of each month.
You can take out cash for free (£990 a day)
Not tied to any credit limit so spend what you have.
More ‘Perks’ with the account.

Barclaycard:

It’s the banks money so more protection against fraud etc.
Spend during the month so keep the money in the bank.

I know my parents for example would never have a Credit card as they prefer to spend only what they have, but I know everyone’s views on this is different, so what’s yours ?

vacheron

If I had a Premier Account with a large balance the first thing I'd be doing is moving that balance somewhere else.

My Barclays Premier current account pays 0.0% interest and therefore currently has a £0.00 balance in it!

However if you must keep the cash there, I would still use the credit cards for the protection, and potentially some promotional points or cashback. Using and paying off a credit card also does some good for your credit record.

The 30-60 day interest benefit is negated as your balance wouldn't be earning any interest in the first place.

Paul_1977

If you have enough for Premier, there are far better "private" banks that would take it and give you more benefits.

I would not keep that much in a current account linked to a debit card, move it so savings accounts.