Barclaycard Initial Credit Card

Barclaycard Initial Credit Card is perhaps the most simplified financial package currently available. The variable annual percentage rate is constant across the card for both standard purchases and cash advances. The average rate seems to be slightly higher than most, which usually means that this card is designed for the average consumer.

While this doesn't necessarily mean that you need good credit to qualify, you do need to have a clean credit history with no bankruptcies. Similarly, you need to have been cleared of County Court Judgments or Individual Voluntary Arrangements for at least five years in order to be approved. It is also important that you have not missed multiple payments within a twelve month period on other credit accounts and that you have had your permanent UK residence for at least three months that is supported by a moderate, stable income. Although it sounds like you need to have perfect credit in order to be approved, this card is quite suitable for anyone who may have been turned down for another card within the past year.

The Barclaycard Initial Card is one of those attractive packages that offer you a period of interest free days if you pay off your balance in full and on time. Like most cards, this one gives you approximately two months, or eight weeks, to pay off every standard purchase. If you plan properly, then, you can avoid paying interest on anything you might buy with your Barclaycard Initial credit card. Keep in mind, though, that this does not apply to balance transfers, cash withdrawals, or Barclaycard cheques.

Barclaycard Initial is also intended to help you keep better control of your finances. You can use mybarclaycard online to manage your account, make payments, and keep an eye on your balances. This is important not just for monitoring your own spending habits, but to ensure you are safe from fraud as well. A Chip and Pin system is in place to protect your identity as well as your account if your card is lost or stolen.