Review on Barclays by Bill Karanth
Mondo canceled check brainchild
Barclays bank is a prominent UK financial institution and international investment bank, based in London, England. Apart from commercial banking, Barclays is also organized into four core companies: personal banking, commercial banking, wealth management, and wealth optimization. The chief executive offices of Barclays are located at Wall Street, New York City. The branch offices are all across the UK, and the company has branches in Australia, Canada, China, France, Germany, Ireland, Japan, Malaysia, Netherlands, Portugal, Russia, Singapore, Spain, South Africa, Switzerland, and the United Kingdom. Despite being a relatively young bank, Barclays has been trading for decades.
Now it has come to my attention that I am not entirely an expert in this field because I am not a financial person, but I know that there are lots of different companies offering credit cards like Barclays. And I know that each one of them charges different rates of interest and charges different fees. This leaves a lot of people with a hard decision to make. There are even some people who say that they will go to the extreme and apply for a credit card with no bank at all. So what is a prospective credit card holder to do?
Firstly, I would advise you to shop around for your card. There are various types of cards, which are offered by different banks. I would advise that if you are looking for a card, you should look into whether the bank offers a competitive rate of interest on the card or whether it charges more for its credit cards. There are some credit card companies that offer cards with absolutely zero interest at all times. You should research on those banks.
The best credit card deal can be found if you are patient and search through all your options. As I have said, different banks offer different terms to cardholders. You should not assume that just because a particular credit card company is offering you the lowest interest rate, you should go for it. Take your time before you sign up for any agreement. Also, if you are planning on obtaining a number of cards, try to obtain a credit card from the same bank as you currently have your banking relationship with. If you are loyal to one particular bank, you will be able to have access to your chosen card at all times.
It might be a good idea to arrange an interview with one of the Barclays credit card consultants. During the interview, they will ask you questions about your current financial situation and they will try to get you to agree to terms with them. They will evaluate your financial situation and will discuss with you their suggested terms. Based on the evaluation, they will give you a range of possible terms and will also try to negotiate better terms for you.
My advice to you is to be flexible and open-minded. Do not be easily convinced by the consultants because these people are there to make a sale. It would be wiser if you do a little homework yourself and explore more than one option for the card you wish to have. If you think you cannot find better terms elsewhere, then fine. But do remember that the bank may be offering you the best introductory rates but if you choose a loan with a low interest rate and do not repay it timely, you may end up paying a lot more than the credit card company ever wanted to. So take your time and choose the best bank offering the terms you need to have at the right time.
Pros
- Prodigious hall
Cons
- Unnerving available credit occasion
