The Barclaycard Visa Credit Card offers a straightforward way to access credit in Germany. It allows users to keep their existing checking account while enjoying the benefits of a widely accepted card.
The card is recognized globally and popular for cashless payments. To apply for the Barclaycard Visa Credit Card, follow these easy steps.
Company Overview
Barclays PLC, a leading international financial institution headquartered in London, UK, is well-known for its financial services worldwide.
It is the third-largest bank in the UK and is listed as a "systemically important financial institution" by the Financial Stability Board.
The bank is recognized for its Barclaycard Visa credit card, which is available to both private and business customers, and is especially popular in Germany.
Key Benefits of the Barclaycard Visa Credit Card:
- No Fees: The card offers no fees for cash withdrawals or foreign currency transactions, even when used abroad. If any fees are charged by a bank, Barclays will refund them.
- Flexible Repayments: The credit card provides installment payment options, with a standard monthly repayment of 3.5% of the total balance or at least 50 euros. Immediate payments can also be made, fully covering the balance.
- Contactless Payments: Users can make fast payments by simply holding the card near the reader, with no PIN required for transactions under 50 euros. Payments are settled monthly via the linked checking account.
- High Security Standards: The Barclaycard Visa credit card uses the 3D Secure function and an EMV chip for secure transactions. These features prevent misuse and counterfeiting, making the card ideal for online shopping in Germany and across Europe. All sensitive data is encrypted to protect personal information.
Best Practices to Do Before Applying
Before applying for the Barclaycard Visa Credit Card, key details must be considered. First, check if you're likely to be approved. An application rejection can affect your credit score, so it's best to ensure you meet the requirements first. This helps you apply confidently.
Eligibility Requirements:
- Be over 18 years old
- Have an income of over €3,000 annually
- Have no bankruptcies or debt relief orders in the last six years
- No outstanding County Court Judgements (CCJs) in the past six years
- Provide proof of your current address
- Maintain a good record of paying bills on time
Credit Score
Your credit score is the main factor in whether you’ll be approved. A higher score increases your chances of getting approved and can also lead to better interest rates and higher credit limits.
Before applying, check your credit score to see where you stand. It's free and can be done easily online.
Eligibility Checker
Using an eligibility checker allows for a "soft" credit check, meaning it won't impact your credit score. It helps you assess if you're likely to qualify and what types of cards you could be eligible for.
Key Fees and Conditions of the Barclaycard Visa Credit Card
The Barclaycard Visa Credit Card is mostly fee-free. However, interest applies if the credit limit is used and repayments are made in installments.
The interest rate varies between 4.99% and 16.99% per year, with an effective annual interest rate of 18.38%.
Your interest rate is based on your customer history, creditworthiness, and repayment behavior. Once set, this rate remains fixed.
Requirements to Apply for the Barclaycard Visa Credit Card
To apply, applicants need an active checking or salary account at a German bank. Proof of permanent employment is required, typically in the form of three recent pay slips.
Applicants must be of legal age and have a primary residence in Germany, both of which can be confirmed using an identity card. Creditworthiness is an essential factor in determining approval for the card.
Creditworthiness: A Key Factor in Your Barclaycard Visa Credit Card Application
Creditworthiness plays a major role in applying for the Barclaycard Visa Credit Card. It reflects your ability to manage financial obligations based on factors like timely bill payments and whether you’ve ever been in debt collection.
A strong credit rating indicates that you consistently pay bills on time and manage credit responsibly.
Your credit rating is determined by organizations like Schufa and CRIF, which assess your financial history. Barclays Bank will check your creditworthiness during the application process, so you do no need to take action on this.
Can You Check Your Credit Rating Before Applying?
Yes, you can check your credit rating before applying for the card. Both Schufa and CRIF allow individuals to request free self-disclosure once a year. This lets you view your current credit score.
If you notice outdated or inaccurate entries, you can have them removed, which may help improve your rating.
How to Apply for the Barclaycard Visa Credit Card
Applying for the Barclaycard Visa Credit Card is simple and done online. After submitting the application, you will immediately know if it’s accepted.
Next, complete the identification process through either PostIdent or VideoIdent. Once that’s done, send the signed application by post to Barclays Bank.
Shortly after, your Barclaycard Visa will be mailed to you. For security reasons, the PIN will be sent separately at a later date, also by post. Once received, you can use your credit card at millions of locations worldwide.
Contacting Barclays Bank
If you have any questions, the Barclays customer service team is available by phone.
They are reachable from Monday to Friday between 8 a.m. and 8 p.m. at +49 40 890 99-229. For written inquiries, you can send them to:
- Barclays Bank Ireland PLC Hamburg Branch, Gasstraße 4c, 22761 Hamburg.
How to Choose the Right Credit Card
Choosing the right credit card comes down to knowing what you need. Focus on the features that matter most to you.
For example, if you're mainly using the card for purchases, look for one offering a 0% purchase rate. If you’re new to credit and want to build your credit history, a credit builder card may be the best option.
Key Factors to Consider When Choosing Your Card
- APR (Annual Percentage Rate): The APR gives you an idea of the real cost of using a credit card over a year. It includes both interest and fees. Check the APR before choosing a card to compare costs.
- Fees and Interest Rates: Aside from the APR, there might be other fees or interest rates for certain activities, like cash advances or balance transfers. Understand these details before choosing a card, especially if the card offers an introductory 0% interest rate. Make sure you know how long the introductory rate lasts and what the rate will be after it ends.
What Happens if You're Accepted
If approved, your credit card will come with a specific interest rate and credit limit based on your credit score and financial situation.
The offer may differ from what was advertised. If it doesn’t suit your needs, you can choose to turn it down.
What Happens if You're Declined
If you're declined, avoid applying for another card immediately, as this can hurt your credit score.
Review the rejection letter to understand why you were turned down, and work on improving your credit score for the next application. Consider applying for a credit-building card if you’re starting out.
Conclusion
The Barclaycard Visa credit card is popular for good reasons. It offers free cash withdrawals both locally and internationally, making it ideal for frequent travelers.
There is no minimum income requirement for application, which makes it accessible, especially for young adults. The availability of Barclay partner cards also adds to its appeal.
Note: Credit cards come with risks, so staying informed about the latest terms and conditions is important. Always refer to the bank’s official terms and conditions for the most up-to-date information.