Barclaycard Flexi-Rate Credit Card Review
 Flexible interest rate goes as low as 9.9% p.a.
0% balance transfers for 14 months (2.9% fee)
Savings on shopping and travel
BARCLAYCARD'S Flexi-Rate is perfect for people who don't always manage to repay their balance in full each month, offering a very low interest rate of 9.9% p.a. on your purchase balance as long as you repay at least 10% of your balance.
Repay less than 10% and you can still benefit from a competitive interest rate, by repaying 5% of your monthly balance you'll get 12.9% p.a. on your purchases, and repaying just the minimum monthly repayment will still see you with a lower-than-most interest rate of 14.9% p.a on your purchases.
Superb 0% introductory rates
The Barclaycard Flexi-Rate credit card also tempts new customers with it's market-leading 0% balance transfer offer, lasting for 14 months and enabling you to shift any current outstanding balances to the card where you can repay them without battling against interest charges.
A 2.9% handling fee does apply to balance transfers, and they are limited to £5,000.
If you don't have any current balances outstanding, you can instead enjoy 0% on purchases for the first 3 months.
Barclaycard services
As with all Barclaycards, the Flexi-Rate offering lives up to it's name by keeping your purchases and money safe with free fraud protection, a free purchase delivery promise and a range of services to keep you safe on your overseas travels.
| Interest Rates and Fees |
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Notes.. |
| Typical APR |
14.9% APR (variable) |
The typical APR is the rate most people are offered.
Repay 10% of your monthly balance and get an interest rate of 9.9% p.a. on your purchases, repay 5% and get 12.9% p.a., repay the minimum monthly payment and get 14.9% p.a. |
| Introductory Purchases |
0% for 3 months |
Payments are applied towards introductory balance transfers before introductory purchases. |
| Balance Transfers |
0% for 14 months
On amounts up to £5,000 |
On amounts up to £5,000. Balances must be transferred within 60 days of your account opening. Payments are applied towards promotional balance transfers first. |
| Balance Transfer Fee |
2.9% |
Balance transfers carry a handling fee. |
| Cash Withdrawal Rate |
27.9% p.a. (variable) |
This is the rate you are charged on balances resulting from using a cash machine, getting cash back at the supermarket or buying foreign money. |
| Cash Withdrawal Fee |
2.5%
(£2.5 minimum) |
When you use your credit card to get cash you will be charged a 'handling fee' for doing so. |
| Annual Fee |
£0 |
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| Foreign Transaction Fee |
2.75% |
This is fee you will be charged for credit card transactions made abroad.
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| Rewards |
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Notes.. |
| Travel Service |
Great holiday deals with Barclaycard's Travel Service |
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| Savings |
Savings with a range of retailers and companies |
Savings with Thomas Cook, Avis, Hilton, Emirates, Center Parcs, buyagift.com, Laithwaites and Dominos. |
| Cardholder Services & Extras |
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Notes.. |
| Online Account Management |
Yes |
You can log in to the Barclaycard web site and manage your Barclaycard Flexi-Rate credit card account online. |
| Purchase Delivery Protection |
Yes |
Covers brand new goods bought with your Barclaycard flexi-rate credit card if they don't arrive or are delivered damage and you are unable to resolve the issue with the supplier. Covers goods bought online, over the telephone and in the high street if goods are delivered. |
| Fraud Protection |
Yes |
Barclaycard will look out for any unusual activity on your account and contact you to make sure it's not fraudulent. |
| Worldwide Assistance |
Free help if anything goes wrong while you're abroad |
Barclaycard can help you in the case that anything goes wrong whilst you are abroad. They can provide legal assistance, medical emergency help, arrange flights and transport to get you home as quickly as possible, interpretation, send a message home, and help with lost or stolen documents. |
| Emergency Card Replacement |
Emergency card replacement and emergency cash advance |
Barclaycard will get you an emergency card replacement if yours is lost or stolen anywhere in the world. Barclaycard can also arrange an emergency cash advance of up to £1,000 a week (subject to available funds on your account), and they'll even refund the cash handling fee. |
| Other Extras |
Barclaycard Secure, Identity Protection Service, Barclaycard Travel Service |
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| Optional Extras |
Card Protection, Payment Protection, Everyday Cover, Identity Theft Protection |
These are extras that you can choose, but you will have to pay for them. |
| Payments & Payment Details |
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Notes.. |
| Credit Limit |
£250 minimum |
Credit limit may vary from person to person and is subject to status. |
| Interest Free Period |
Up to 56 days |
For purchases if you pay your balance in full and on time. this is the amount of time you have to clear your balance in full each month before you are charged any interest. there is no interest free period on cash withdrawals, cheques or balance transfers. |
| Minimum Monthly Payment |
2.25%
(£5 minimum) |
The minimum monthly payment is the smallest amount you must pay each month (unless your credit card balance is zero). |
| Allocation of Payments |
Promotional rate balances, interest and charges, standard balance and then cash withdrawals. |
When you make a payment to this card, payments will first be applied towards promotional balance transfers and / or purchases, then interest charges and any fees, then standard rate balances and then cash withdrawals. |
| Default Charges |
£12 |
This is how much you will be charged for late payments, returned payments and if you go over your credit limit. |
| Copy of Statement Fee |
£3 |
This is the fee you will be charged for duplicate statements. |
| Card Details |
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Notes.. |
| Online Application |
Yes |
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| Card Type |
Platinum |
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| Payment Company |
Visa |
This is the company who provides the payment technology and infrastructure to allow you to use this credit card. retailers and ATM machines displaying the 'Visa' logo will accept this card. |
| Card Issuer |
Barclays Bank |
This is the bank behind your credit card. |
| Card Advertiser |
Barclaycard |
This is the company who advertises and promotes this credit card. |
Barclaycard Flexi-Rate Credit Card User Reviews
What do you think? Add your review of the Barclaycard Flexi-Rate credit card.
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At a Glance
Barclaycard Flexi-Rate Credit Card
| Typical APR: |
14.9% APR |
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| Purchases: |
 0% for 3 months |
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14.9% p.a. thereafter |
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| Balance Transfers: |
 0% for 14 months
On amounts up to £5,000 |
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2.9% transfer fee |
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| Rewards: |
Shopping & Travel Discounts |
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| Interest Free Period: |
Up to 56 days |
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| Annual Fee: |
£0 |
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| This card includes: |
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 Online Account Management |
| Fraud Security |
| Purchase Protection |
| Comprehensive Travel Insurance |
| Travel Assistance |
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| You should only apply if you are: |
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| • Aged 21 or over |
| • Have a permanent UK address |
| • Have a regular income |
| • Haven't been declared insolvent, bankrupt or have any CCJ's against you |
| • Earn at least £10,000 per annum |
Review Continued...
The Barclaycard flexi-rate credit card is a great card for anyone who doesn't always manage to repay their balance in full. Added to a really competitive interest rate (depending on how much you choose to repay each month), you'll also get all the cardholder benefits of a world-renowned 'Barclaycard'.
New customers can also look forward to benefiting from 0% rates on transferred balances for 14 months - up to £5,000 (2.9% transfer fee) - and 0% on purchases for 3 months, allowing you to really get back on top of any existing credit card debts or enjoy a brief spell at 0% for any luxury purchases you've been looking at.
Flexi-rate
If you're after a credit card that won't charge you ridiculous amounts of interest when you carry a balance over from month-to-month, the Barclaycard flexi-rate credit card offers a very tempting proposition.
When you repay 10%, or more, of your monthly balance you'll receive an interest rate on your purchase balance of just 9.9% p.a.
Repay less than 10% and you'll still get a competitive rate. Repaying just 5% of your balance will get you a 12.9% p.a. interest rate on your purchases, and repaying only the minimum monthly payment (2.25% of your balance) will get you an interest rate of 14.9% p.a. on your purchases.
This 'flexi-rate' does only apply to balances resulting from purchases. So remember to keep any cash withdrawals, foreign currency purchase, on your debit card.
0% Balance Transfers
The Barclaycard Flexi-Rate credit card offers 0% balance transfers for 14 months, which is plenty of time to get your credit card finances back under control.
It's important to remember that this offer is limited to a transfer of up to £5,000, or 90% of your credit limit, whichever is lower. Amounts in excess of the £5,000 limit, if they are honored, will still receive a low interest rate until paid off in full.
Balance transfers also carry a handling fee, which will be 2.9% of the amount you are transferring. Though, it's important to bear in mind this will be small change in comparison to the money you'll save from getting 0% interest charges for this length of time.
0% Purchases
The Barclaycard Flexi-Rate credit card also comes with 0% on purchases for 3 months. While this is by no means as long as some market leading 0% purchase up to 15-month deals, it's not to be snubbed if you're taking out this card for the standard low interest on flexible repayments.
It is important to note that due to the 0% purchase deal expiring 11 months prior to the end of the 0% balance transfer deal - any new purchases added to an account holding a 0% balance transfer will become 'trapped' behind the balance transfer debt and start accruing interest after the initial 3-months.
This happens because of the Allocation of Payments Clause in all credit card terms and conditions. It's a very usual fine, and the best course of action is simply to only use the card for a balance transfer and wait until it's repaid in full before using it at the checkout or ATM.
Also don't forget, if you just use the card for purchases - any cash transactions will still be charged interest as they are not included in the 0% purchase deal. The same 'Allocation of Payments' clause will mean any payments will go towards 0% purchases - or even standard purchases, before knocking the balance off any ATM withdrawals or foreign currency purchase. Our advice; only get cash from your debit card.
Barclaycard cardholder benefits...
As with most Barclaycards, you'll get all the added extras that give Barclaycard a good name. Keeping your purchases, your money and you safe with a range of free insurance policies, promises and travel services.
The Barclaycard flexi-rate credit card offers free purchase delivery protection, keeping your purchases covered until their arrive safely at your home. You'll also get fraud protection, to keep your money safe too.
When travelling, you can feel a little more rest assured that Barclaycard will be there to help. Offering worldwide assistance to help provide any emergency medical or legal help whilst your abroad, plus an emergency cash and card replacement service should you ever lose your card anywhere in the world.
Final Word
The Barclaycard Flexi-Rate credit card is a gem of a credit card for anyone who doesn't always keep their credit card balance at zero.
Perfect for clearing up an existing credit card balance now - with 0% for 14 months, and then a great low interest rate - that can be as low as just 9.9% APR for those continuing months when you roll a balance over.
Coupled with all of Barclaycard's as-standard cardholder services this certainly is a great card for the financially savvy needing to manage their cash flow.
Apply Online for Barclaycard Flexi-Rate credit card 
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