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Barclaycard Rewards Credit Card Review: If you’re looking for a credit card that rewards you for everyday purchases, then the Barclaycard Rewards Credit Card might be worth considering. This credit card offers cashback rewards on purchases made with the card, making it a good option for those who want to earn rewards on their spending. In this review, we’ll take a closer look at the Barclaycard Rewards Credit Card to help you decide if it’s the right card for you.
What is the Barclaycard Rewards Credit Card?
The Barclaycard Rewards Credit Card is a cashback credit card that rewards users for their spending. With this card, you can earn rewards on everyday purchases like groceries, gas, and dining out. The card is also designed to be easy to use, with no annual fee and a straightforward rewards structure.
How does the Barclaycard Rewards Credit Card work?
With the Barclaycard Rewards Credit Card, you can earn cashback rewards on your purchases. The rewards structure is simple: you earn 2% cashback rewards on purchases made at grocery stores and gas stations, and 1% cashback rewards on all other purchases. There’s no limit to the amount of cashback you can earn, and your rewards don’t expire as long as your account remains open and in good standing.
In addition to cashback rewards, the Barclaycard Rewards Credit Card also offers a few other benefits. For example, you can get access to your FICO credit score for free, which can help you keep track of your credit health. You can also use the card to pay for purchases overseas without incurring foreign transaction fees, which can save you money when traveling.
What are the benefits of the Barclaycard Rewards Credit Card?
The main benefit of the Barclaycard Rewards Credit Card is the cashback rewards. With this card, you can earn cashback on everyday purchases like groceries, gas, and dining out. There’s no limit to the amount of cashback you can earn, and your rewards don’t expire as long as your account remains open and in good standing.
In addition to cashback rewards, the Barclaycard Rewards Credit Card also offers a few other benefits. For example, you can get access to your FICO credit score for free, which can help you keep track of your credit health. You can also use the card to pay for purchases overseas without incurring foreign transaction fees, which can save you money when traveling.
Another benefit of the Barclaycard Rewards Credit Card is that it’s easy to use. There’s no annual fee, and the rewards structure is straightforward. You don’t have to worry about tracking bonus categories or earning caps, which can make the card a good option for those who want a simple rewards program.
What are the drawbacks of the Barclaycard Rewards Credit Card?
One potential drawback of the Barclaycard Rewards Credit Card is that the cashback rewards are relatively low compared to other rewards cards. While the 2% cashback on grocery and gas purchases is a decent rate, the 1% cashback on all other purchases is lower than what some other cards offer. If you’re looking for a card with higher rewards rates, you may want to consider a different card.
Another potential drawback of the Barclaycard Rewards Credit Card is that it doesn’t offer any signup bonus. Some other cashback cards offer a signup bonus that can be worth several hundred dollars, which can be a good incentive to sign up for the card. Without a signup bonus, the Barclaycard Rewards Credit Card may be less appealing to some users.
Frequently Asked Questions (FAQ)
Is there a limit to the rewards I can earn with the Barclaycard Rewards Credit Card?
No, there is no limit to the number of rewards you can earn. The more you spend, the more points you accumulate.
Can I redeem my points for cash back?
Yes, you can redeem your points for statement credits, which can effectively function as cash back.
Is there a foreign transaction fee associated with this card?
Yes, the Barclaycard Rewards Credit Card charges a foreign transaction fee for purchases made outside of the United States. It’s important to consider this fee if you frequently travel internationally.
Final Words
The Barclaycard Rewards Credit Card offers a straightforward rewards program with no annual fee, making it an attractive option for individuals seeking to earn rewards without extra costs. With its flexible redemption options and additional benefits like travel and purchase protection, this credit card provides value for everyday spending. However, it’s important to consider the rewards rate and limited redemption options to ensure they align with your preferences. Ultimately, the Barclaycard Rewards Credit Card can be a valuable tool for earning rewards while managing your finances responsibly.
