topic Re: Is Barclays Crazy?? in Credit Cards

Is Barclays Crazy??

CS800 — Wed, 15 Aug 2012 13:48:23 GMT

Got some checks from them yesterday that I can use to pay bills.

The kicker:

Now I can pay my bills with checks that have a low APR of 20.99%. Thats what I think it said. They considered this to be low 20.99%

Re: Is Barclays Crazy??

pizzadude — Wed, 15 Aug 2012 14:16:51 GMT

Yeah, that's a good one.......And I'm guessing they would be considered a "cash advance" so interest would start accumulating immediately......

Re: Is Barclays Crazy??

Anonymous — Wed, 15 Aug 2012 14:26:03 GMT

They probably trying to get more money to pay off there fines LOL

Re: Is Barclays Crazy??

Repo-ed — Wed, 15 Aug 2012 14:26:35 GMT

@pizzadude wrote:

Yeah, that's a good one.......And I'm guessing they would be considered a "cash advance" so interest would start accumulating immediately......

They sent me a check with the card they issued me. I quickly tore it up and threw it away.

Re: Is Barclays Crazy??

compassion101 — Wed, 15 Aug 2012 14:30:45 GMT

Don't forget the low 4% cash advance fee

Re: Is Barclays Crazy??

score_building — Wed, 15 Aug 2012 15:47:23 GMT

Shudder to think all the card holders who may not quantify the real cost in advance and use the checks for the convenience factor.

Re: Is Barclays Crazy??

Anonymous — Wed, 15 Aug 2012 15:50:33 GMT

Discover has sent those 2 me a couple times in the last couple months. lolwut? Shredder.

Re: Is Barclays Crazy??

Brian_Trying_700 — Wed, 15 Aug 2012 15:52:51 GMT

Barclays sent me checks last week that had a 5.99 apr for 6 months on home improvement. Its good through October 1. I went to Lowes and bought a new sliding door. Other wise it would have been 22.99 apr..

Re: Is Barclays Crazy??

migliogiorni — Wed, 15 Aug 2012 16:35:47 GMT

LOL

Re: Is Barclays Crazy??

SpiceIslander — Wed, 15 Aug 2012 16:38:19 GMT

LOL! That reminds me of the checks Capital One sends me to do a balance transfer from my high APR cards when theirs is the highest I have!

Re: Is Barclays Crazy??

CS800 — Wed, 15 Aug 2012 20:04:09 GMT

My CL is $10K and they still refused to lower my APR. But they ant me to pay a 20.99% APR..seriously??

Re: Is Barclays Crazy??

jamesdwi — Wed, 15 Aug 2012 20:14:19 GMT

CapOne is my lowest APR (11.9%), and there are no fees to use the checks they even said i could deposit the money in my own account. And they are not treated as a cash-advance no interest if paid before my statement cuts Use them at my favorite grocery store they don't take credit and haven't re-ordered my checks from my checking account in years. Just don't write enough checks and the bank will do bank checks in any amount for free.

Re: Is Barclays Crazy??

score_building — Wed, 15 Aug 2012 20:20:02 GMT

@CS800 wrote:
My CL is $10K and they still refused to lower my APR. But they ant me to pay a 20.99% APR..seriously??

If it is a rewards card I assume you are not all that concerned with the APR, though I too always prefer have the lowest rate available regardless if it is a PIF/ rewards card or not. If though you want one of their lower rate cards a bit better suited to carry an ocassional balance, perhaps check if it can PC to the Ring?

Re: Is Barclays Crazy??

LS2982 — Wed, 15 Aug 2012 21:11:45 GMT

Yes they are Cray with that offer!

Re: Is Barclays Crazy??

CK_Charles_Lover — Thu, 16 Aug 2012 03:55:03 GMT

Balance Transfer Check came with my new card (US AIRWAYS) also, but it has 0% interest on balance transfers for first 15 months. Same as the other balance transfers with new account. I called them it counts as a balance transfer not cash. Its 3% fee for first 15 months then 4% after. For this account at least.

Re: Is Barclays Crazy??

GST2008 — Thu, 16 Aug 2012 12:23:14 GMT

@CK_Charles_Lover wrote:
Balance Transfer Check came with my new card (US AIRWAYS) also, but it has 0% interest on balance transfers for first 15 months. Same as the other balance transfers with new account. I called them it counts as a balance transfer not cash. Its 3% fee for first 15 months then 4% after. For this account at least.

I received a similar offer with my Carnival MC in June. It was 0% interest till September of 2013 and the fee was only 2%. I took them up on that offer and used the check to make a down payment on a piece of forclosed property I plan to rent out

Re: Is Barclays Crazy??

Brian_Trying_700 — Tue, 28 Aug 2012 23:35:07 GMT

Nice.

Re: Is Barclays Crazy??

youngandcreditwrthy — Wed, 29 Aug 2012 13:21:21 GMT

LOL...

I wonder if I could use one of those 0% checks from Barclay's to buy a car haha.. my credit line is thick enough ;-)

Re: Is Barclays Crazy??

CS800 — Wed, 29 Aug 2012 14:01:51 GMT

I wonder what's the lowest APR anyone has heard of on the Apple VIsa?

Re: Is Barclays Crazy??

score_building — Wed, 29 Aug 2012 22:45:31 GMT

The current APRs offered on the Apple Visa are listed in the terms:

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases	22.99% This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers	22.99% This APR will vary with the market based on the Prime Rate.
APR for Cash Advances	25.24% This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies	Up to 30.24%, based on your creditworthiness. This APR may be applied to your account if you: Make a late payment; Go over your credit limit; or Make a payment that is returned. This APR will vary with the market based on the Prime Rate. How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR may apply to other balances indefinitely.