Barclays is a well-known company that offers credit cards, although it may not be as popular as American Express. With over 300 years of history, originating in the United Kingdom, Barclays has made a name for itself in the world of credit cards.
If you’re in the United States, you can apply for one of their credit cards whether you’re in Las Vegas, New York, North Carolina, or elsewhere. They offer a variety of credit cards, both for personal and business use. On a personal level, they offer an impressive selection of 22 different cards. The business side offers three credit cards, with an emphasis on travel-related benefits.
When it comes to applying for a Barclays credit card, keep a few things in mind. They typically perform a rigorous analysis of your credit report, which may temporarily affect your credit score. They usually go to TransUnion, one of the three major credit bureaus.
Barclays is known for having a 6/24 rule, similar to Chase’s 5/24 rule. This means that if you have obtained more than six credit cards in the last 24 months, Barclays will be more likely to decline your application. However, this rule is not set in stone and there have been cases where applicants have been approved despite having more than six credit cards.
One thing to note about Barclays is that each product you apply for will cause a distinct strain on your credit report. This applies to personal and business credit cards. Unlike some credit unions that allow a 30-day delay for multiple applications, Barclays requires a separate application for each individual product.
Credit limits offered by Barclays may vary. In some cases, the limits may be lower than you might expect. This is essential to keep in mind when applying for a Barclays credit card. However, having a card with Barclays may open up opportunities for other products in the future.
Barclays offers different options for redeeming your points, depending on the type of card you have. If you prefer cash back, you can easily redeem your points for that. However, many Barclays cards are travel-focused, allowing you to use your points for flights, cruises and more.
In conclusion, Barclays offers a range of credit cards with different benefits and purposes. If you’re new to credit cards and haven’t reached the limit set by other issuers like Chase, Barclays might be a good option to consider. Just be aware of potential credit limits and the impact of hard inquiries on your credit report.
Remember that each person’s experience with Barclays credit cards may vary, so it’s always helpful to hear about other people’s experiences. If you have any stories or ideas about Barclays credit cards, please share them in the comments below. Happy growing!