Barclaycard Initial

  Barclaycard Initial is a credit card aimed at people who have not yet built up any positive credit history. If you've never had a credit card before, you might find it hard to be approved for one - the Initial card may change that.

  Using a credit card responsibly and keeping up with your repayments can help to build up your credit rating, allowing you access to more products in the future.

  The high APR of this card reflects the market it's aimed at - people with no credit history will naturally have to pay more than those with up to date perfect ratings, and as you don't have as many options available to you, a high interest rate may be acceptable as the price you need to pay for getting a credit card.

  There's no annual fee, and the card features both fraud protection and an identity protection service. Credit limits of up to 2000 are available, although the actual limit you're offered will vary according to credit status.

  You'll also find managing your account easy, with full online management and 24-hour customer services.

Initial Card Summary

Standard Rate:29.9% Representative APR (variable)
Balance Transfer Deal?No balance transfer offer
Purchases Deal?No offer on purchases
Introductory Cashback
Standard Cashback-
Annual Fee:-
Interest Free Period:Maximum 56 days for purchases if you pay your balance in full and on time
Minimum Repayment:2.5% or £5 per month (whichever is greater)
Minimum Credit Limit:£250
Maximum Credit Limit:£2000, subject to status
Notes:For those new to credit with no history
Representative Example:Assumed borrowing of £1200, representative 29.9% APR (variable). Purchase rate 29.9% PA.

Credit Card Sense