I've been using student barclaycard for four years now and I've had nothing but satisfaction from them. Their service line is always polite and helpful. One experience in particular where my card was stolen whilst I was on holiday in Rome was dealt with very well . The person on the other end of the service line sounded genuinely concerned and actually made me feel a lot better. The card packacge includes -no annual fees -£30 Waterstones or HMV vouchers -a 15% saving on Waterstones/HMV vouchers purchased through barclaycard -up to £600 credit limit -APR 17.9% -Free 12 month extended warranty on products purchased with Barclaycard -Free price promise - they will refund the difference if you find something you bought cheaper elsewhere -Purchase cover- items covered for accidental damage for 60 days -Internet delivery protection and online account management -Barclaycard International rescue (that was so useful in Italy - see above) -Nectar - anew online points for purchases reward scheme As you can see the list of features is extensive to say the leasrt. I recently applied for the 12 month extended warranty on my newly purchased Philips 28PW6515c television and it was arranged with no problems over the phone (freephone) and the paperwork was with me within 2 days. Very useful when you consider how much extra guarantee cover seems to cost these days. I've never taken advantage of the price promise as I tend to look very carefully around different retailers before buying, so I can't really comment on that. The credit limit was more than enough for me, and they automatically extended it to £1000 when I graduated, although they did give me the option not to take up this offer. The APR is abit much at 17.9% (6.9% on balance transfers until paid off) but if like me you usually pay your monthly bill in f
ull, this should be no problem. This new Nectar service is intersting, you can pick up the info in Barclays branches froim 16th september, and I fully intend to look into it. Check out avaialable rewards etc at www.nectar.com Well done Student Barclaycard Apply online at www.barclaycard.co.uk or phone 0870 1540154 Tarrifs 20UKP for - exeeding credit limit - late payment - returned payment Minimum monthly repayment: 2% of balance or 5UKP whichever is greater
When I started university, in freshers week while we were getting used to the new surroundings, one of the stalls that were arond uni the most were those of Barclays. The Barclays team were there to, 'help us settle in'. They were going to help us new students. How were they going to do that? Well, its easy, give a new vulnerable student who has just started university a plastic card and tell them don't worry, if you are ever stuck, this plastic card will rescue you. Little do these vulnerable students know that although, this plastic card will rescue you when you are in a bit of trouble, for example your loan hasn't come through, or as in our days, your grant cheque is late or hasn't yet been cashed. What will happen when you are in bigger trouble, as in you have used your plastic card over but don't have a job, how will you pay the minimum payment. These vulnerable students don't know that the item of clothing that was on sale for £15 at a well known fashion shop and was paid for using the 'student barclaycard' will actually cost almost twice that price because you cannot pay the full amount at the end of the month and will therefore pay interest on it, MONTHLY, until your balance is cleared. My point is that, if you are a student who has been given a credit card, please don't use it too much in the days when you are actually poor. Don't be excited by that big cheque you recieve in the form of a student loan. Be sensible. I'm still paying mine off, nearly 3 years later!
A word of warning for those of you considering the Student Barclay card.... I took mine out in the second year on my course and I have to say that I can't get rid of them. We all know how skint students are and I was no exception to the rule. I ran up my Barclaycard to its limit and eventually began to fall behind with the payments. Thinking that I could get myself straight again once I got a job sorted out. As a result, they got heavy and put me on a repayment schedule. Now this is my beef and I am sure that I won't be the only ex-student who will have this problem. I now have a job and have payed off all my bills but beacuse I am on a re-payment schedule they refuse to re-instate my card. Ok fair enough, I did fall behind with the payments but I am now in a well payed job and can stick to my payments. My point is, surely they could have a little more understanding as regards my situation? We sometimes have difficulties in managing on such a meagre budget when we are students but now I have payed them off but they still treat me like I am a student. At the end of the day they will lose customers, they will certainly lose me as one.
It doesn’t matter how careful you are, if you get one of these, you will almost certainly use it once. Once you’ve used it once, you will use it again… and again. I got offered one when I was 18 and took it “for emergencies”. Well I spent £200 on my first bill thinking it would come to about £40… oops! I calmed down a bit after that, but once I was at university it was too convenient to put a round down the pub on it, rather than on my Switch card like I should have. Anyway, I suppose it turned out OK, and Visa cards are useful when it comes to spreading the cost of things. Get one if you are off to uni, but be wise with it.
A long title, but a needed one. You have to be completely stupid to use a credit card when you are a student unless you have some kind of sponsorship or part time job which pays you mega bucks and you are using the card to collect air miles or something. This said, it is useful whilst at university to have a student credit card as often there is a short gap between money coming in and your account being empty when you need to spend money shopping or to get a train ticket or something, and this is where Student Barclaycard are useful. you don't have to pay any fees or anything like that so you can just get the card and never use it if you want, just have it there in case and it won't cost you a penny. The interest rates are also favourable, I only had 9.7% apr but I think that may have changed now. You can also pay your bills online which is very useful seeing as you have to pay your bill days in advance using any other method, and you only have to pay a minimum payment of £5 a month which is quite good. The credit limit is $350 which is good as it isn't quite enough to hang yourself, but they increase your limit after you have payed off your card straight away, my advice then is to take their offer of declining the offer! Two important things about Student Barclaycard before I finish, the buggers have stands all over the place in Freshers week giving away free phones and such like, however, the conditions of the free phones are that you have to pat by Student Barclaycard, and at £20 a month minimum calltime you could get into debt quite quickly. You can just buy vouchers or use your debit card and they won't know otherwise. Finally, you can't use Student Barclay card to get cashback, they don't tell you you can't but trust me, hundreds of my friends have tried when they've been desperate, and know where will give you cashback on one, so don't trail around buying things everywhere to try and get cashbac
k, this is another fine way to get into debt!
The first thing you think of when somebody mention "VISA card" is ... a credit card. Together with Master Cards, Visa is a widely accepted credit cards in all business be it e-commerce or not. Hence, don't be fooled by the VISA symbol on the Student Barclaycard. It is not a CREDIT CARD but a DEBIT CARD. A credit card allows you to owe the credit card company by asking the company to pay for you first. Then when you get you will, you will have to settle the debt in the given time, at no charge. In your point of view as the credit card user, you pay later for the goods you purchase. A debit card is however a card that enable the sellers to charge you straight away from your account. That means you pay at the time of purchase. In accounting perception, the later you pay, the better it will be, as time is perceived to be valuable too. Hence, be aware that when you pay using your Student Barclaycard, it is in fact a debit card not a credit card. This sometimes proves to be inconvenient as you may not have cash in your account at that instant.
As a student, I would recommend that you all avoid using a credit card unless you can afford to pay off the balance you will run up immediately. Students already have to cope with enough debt what with student loans and bank overdrafts without getting an extortionate interst rate to pay on a credit card. If you can, speak with your bank to get an overdraft extension rather than eating into a credit card. My advice would be to cut up your credit card and simpy use a debit card and/or cheques. That way, it is easier to keep track of your finances and you always know how much money you have rather than waiting for the dreaded credit card mothly statement. Avoid.
As a graduate I would advise any student considering to have a credit card to think again, the banks offer you excellent deals when you initially ask for a credit card, but in reality you end up paying an APR of somewhere in the region of 22%. If you had a guaranteed salary coming in then the bill could be cleared and no interest paid, but as a student this probably will not be the case. Take some advice, I ignored it then suffered as a result, leave the credit cards in the bank after you have received your bag of free goodies for applying for one. Look for more conventional forms of finance to ensure you are not in too much debt when you graduate. Surely it is easier to ask your parents for a loan than it is to get up to your eyeballs in debt.
After recieving a Barclaycard with my student account I for the the first ever time had a credit card. Not a huge credit limit but used sensibly it can be a very useful asset. Barclaycard like other credit card companies offer a reward scheme, however, I think they abuse their position of dominance in the market. The points represent about 0.2% of purchases while other credit cards such as Goldfish and A&L represent more like 2%. As soon as I leave university and get a job I will be transferring from Barclaycard and moving to a better card. Barclaycard do let you have a look at your bill online which can help in your finances. Great for students as they actually give you a card.